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      <invstOrSec>
        <name>SAN MARCOS CALIF UNI SCH DIST</name>
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        <cusip>798755HV9</cusip>
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          <isin value="US798755HV93"/>
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      <invstOrSec>
        <name>SAN MARCOS CALIF UNI SCH DIST</name>
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          <isin value="US798755DD32"/>
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      <invstOrSec>
        <name>LAMMERSVILLE CALIF SCHS FIN AUTH LEASE REV</name>
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        <cusip>513540AR5</cusip>
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          <isin value="US513540AR57"/>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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        <cusip>544525E46</cusip>
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          <isin value="US544525E461"/>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% 10/1/2032</title>
        <cusip>13013JHA7</cusip>
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          <isin value="US13013JHA79"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <cusip>13048T4Z3</cusip>
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          <isin value="US13048T4Z34"/>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
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          <isin value="US13062T4E14"/>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
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        <cusip>13013JHD1</cusip>
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          <isin value="US13013JHD19"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
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          <isin value="US13062T4F88"/>
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        <name>PERRIS UNION HIGH SCHOOL DISTRICT FINANCING AUTHORITY</name>
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          <isin value="US71440RAE99"/>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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          <isin value="US95234ACS24"/>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LA CA USD 3% 7/1/2035</title>
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          <isin value="US544647DF48"/>
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        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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          <isin value="US13016NEP50"/>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2031 AMT</title>
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          <isin value="US544445FB02"/>
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        <name>CALIFORNIA ST</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/35</title>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
        <title>CA ST 5% 8/1/2033</title>
        <cusip>13063ECL8</cusip>
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          <isin value="US13063ECL83"/>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532MG69"/>
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      <invstOrSec>
        <name>MARIN CNTY CA CTFS PARTN</name>
        <lei>N/A</lei>
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          <isin value="US567833GJ12"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ABC CALIF UNI SCH DIST</name>
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          <isin value="US000416L549"/>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 4% 5/15/49@</title>
        <cusip>544445NV7</cusip>
        <identifiers>
          <isin value="US544445NV73"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2029</title>
        <cusip>940204FL9</cusip>
        <identifiers>
          <isin value="US940204FL92"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5% 7/1/2048</title>
        <cusip>544532NW0</cusip>
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          <isin value="US544532NW01"/>
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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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      <invstOrSec>
        <name>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 8/1/2041</title>
        <cusip>924397FH0</cusip>
        <identifiers>
          <isin value="US924397FH08"/>
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        <balance>420000.00000000</balance>
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        <valUSD>446484.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA STWD STUDENT 5% 5/15/2034</title>
        <cusip>13078RGG9</cusip>
        <identifiers>
          <isin value="US13078RGG92"/>
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        <balance>1250000.00000000</balance>
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        <valUSD>1251357.38000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LINDSAY CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LINDS CA 0% 8/1/2033</title>
        <cusip>535545CD7</cusip>
        <identifiers>
          <isin value="US535545CD75"/>
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        <balance>715000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>CENTINELA VL CA UNI HIGH S DST</name>
        <lei>N/A</lei>
        <title>CENTINELA UHSD 5% 8/1/2038</title>
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          <isin value="US152339SN87"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV</name>
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        <title>BURBANK CA ARPT 5% 7/1/2037 @</title>
        <cusip>120827DV9</cusip>
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          <isin value="US120827DV98"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/2034</title>
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          <isin value="US798136WM53"/>
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      <invstOrSec>
        <name>EL RANCHO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>ELRANCHO CA USD 3% 8/1/2046</title>
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          <isin value="US283839ZL54"/>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2030</title>
        <cusip>940204GJ3</cusip>
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          <isin value="US940204GJ38"/>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONICA CA 4% 7/1/2036</title>
        <cusip>802498RC1</cusip>
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          <isin value="US802498RC13"/>
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      <invstOrSec>
        <name>PORT OAKLAND CALIF REV</name>
        <lei>N/A</lei>
        <title>PORT OAKLAND CA 5% 5/1/2028 @</title>
        <cusip>735000UY5</cusip>
        <identifiers>
          <isin value="US735000UY56"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 4% 5/15/32</title>
        <cusip>13048TZ22</cusip>
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          <isin value="US13048TZ225"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-05-15</maturityDt>
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          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 3% 10/1/2041</title>
        <cusip>13032UFM5</cusip>
        <identifiers>
          <isin value="US13032UFM53"/>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>780571.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2034</title>
        <cusip>13048T4H3</cusip>
        <identifiers>
          <isin value="US13048T4H36"/>
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        <balance>1395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1412785.83000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2035</title>
        <cusip>544532PG3</cusip>
        <identifiers>
          <isin value="US544532PG33"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1131279.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2032</title>
        <cusip>940204FP0</cusip>
        <identifiers>
          <isin value="US940204FP07"/>
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        <balance>890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>916039.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2037</title>
        <cusip>13048VGG7</cusip>
        <identifiers>
          <isin value="US13048VGG77"/>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1535608.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2038</title>
        <cusip>13048V2P2</cusip>
        <identifiers>
          <isin value="US13048V2P26"/>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>547339.60000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5.25% 7/1/40@</title>
        <cusip>79739GSX5</cusip>
        <identifiers>
          <isin value="US79739GSX50"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2011904.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>CHICO CA USD 3% 8/1/2040</title>
        <cusip>168520PW8</cusip>
        <identifiers>
          <isin value="US168520PW84"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>533886.12000000</valUSD>
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        <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>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 0% 4/1/2056</title>
        <cusip>13013JHK5</cusip>
        <identifiers>
          <isin value="US13013JHK51"/>
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        <balance>10605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11448987.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH AQUEDUCT and SWR AUTH REV</name>
        <lei>N/A</lei>
        <title>PR AQUEDUC 5% 7/1/2037</title>
        <cusip>745160TG6</cusip>
        <identifiers>
          <isin value="US745160TG64"/>
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        <balance>3690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3840228.76000000</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>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and CNTY</name>
        <lei>N/A</lei>
        <title>SAN FRAN C and C 2% 6/15/2035</title>
        <cusip>7976467W0</cusip>
        <identifiers>
          <isin value="US7976467W00"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>856166.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>LIVERMORE VALLEY CA JT UNI SCH</name>
        <lei>N/A</lei>
        <title>LIVERMORE VALLE 3% 8/1/2046</title>
        <cusip>538310H48</cusip>
        <identifiers>
          <isin value="US538310H485"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>GLENDALE CA WTR REV</name>
        <lei>N/A</lei>
        <title>GLENDALE CA WTR 2% 2/1/2031</title>
        <cusip>378478CQ2</cusip>
        <identifiers>
          <isin value="US378478CQ27"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5% 8/1/2040</title>
        <cusip>616871MW6</cusip>
        <identifiers>
          <isin value="US616871MW64"/>
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        <balance>775000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2036</title>
        <cusip>13048T4K6</cusip>
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          <isin value="US13048T4K64"/>
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        <balance>1500000.00000000</balance>
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      <invstOrSec>
        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>POWAY CALIF UNI SCH DIST CAP APPREC-SCH FACS IMPT</title>
        <cusip>738850RD0</cusip>
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          <isin value="US738850RD02"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>MENDOTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MENDOTA CA UNI 3.375% 8/1/2048</title>
        <cusip>586752DE4</cusip>
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          <isin value="US586752DE41"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1066125.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03375000</annualizedRt>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>ALAMEDA CORRIDOR TRAN A CA RV</name>
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        <name>CA EDL FACS AUTH REV</name>
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        <name>UPLAND CA CTFS PARTN</name>
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        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>NORWALK LA MIRADA CA UNI SCH</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>CALIFORNIA PUB FIN AUTH REV</name>
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        <name>SAN DIEGO CA UNI SCH DIST</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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        <name>LONG BEACH CA CMNTY COLLEGE</name>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <name>CALIFORNIA MUN FIN AUTH SR LIVING REV</name>
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        <name>FRESNO CALIF ARPT REV</name>
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        <name>CALIFORNIA ST UNIV REV</name>
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        <name>PERRIS UNION HIGH SCHOOL DISTRICT FINANCING AUTHORITY</name>
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        <name>PORT OAKLAND CALIF REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
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        <cusip>940204ET3</cusip>
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          <isin value="US940204ET38"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2040</title>
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          <isin value="US13048VGH50"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LA CA USD 3% 7/1/2038</title>
        <cusip>544647DK3</cusip>
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          <isin value="US544647DK33"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532PP32"/>
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          <maturityDt>2042-07-01</maturityDt>
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      <invstOrSec>
        <name>TEMECULA VY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>TEMECULA VY SCH 3% 8/1/2044</title>
        <cusip>87970GQY6</cusip>
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          <isin value="US87970GQY60"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
        <lei>N/A</lei>
        <title>SACRAMENTO TRAN 5% 6/1/2037</title>
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          <isin value="US786073AT37"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
        <lei>N/A</lei>
        <title>CALIFORNIA HG 4% 3/20/2033</title>
        <cusip>13033DAC9</cusip>
        <identifiers>
          <isin value="US13033DAC92"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-20</maturityDt>
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      <invstOrSec>
        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>POWAY CA USD 0% 8/01/37 CAP APPREC-SCH FACS IMPT</title>
        <cusip>738850RC2</cusip>
        <identifiers>
          <isin value="US738850RC29"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 9/1/2032</title>
        <cusip>13048V5T1</cusip>
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          <isin value="US13048V5T11"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>ONTARIO CALIF I 4% 5/15/2038 @</title>
        <cusip>683042AZ8</cusip>
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          <isin value="US683042AZ85"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 5/15/33</title>
        <cusip>13048TZ30</cusip>
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          <isin value="US13048TZ308"/>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% 12/1/2031</title>
        <cusip>13013JDY9</cusip>
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          <isin value="US13013JDY91"/>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2032</title>
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          <isin value="US13048VDQ86"/>
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        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 10/1/2034</title>
        <cusip>130179QA5</cusip>
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          <isin value="US130179QA59"/>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2042</title>
        <cusip>702274DM0</cusip>
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          <isin value="US702274DM01"/>
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        <name>YOSEMITE CCD CALIFORNIA</name>
        <lei>N/A</lei>
        <title>YOSEMITE CCD CA 0% 8/1/2036</title>
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          <isin value="US987388DN26"/>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/2030 @</title>
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          <isin value="US798136XA07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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      <invstOrSec>
        <name>SAN MATEO CA UNIFIED SCH DIST</name>
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          <isin value="US799017A659"/>
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        <name>VENTURA CA USD</name>
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      <invstOrSec>
        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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          <isin value="US13016NEM20"/>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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          <isin value="US777849XB16"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T3M30"/>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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          <isin value="US79766DZR33"/>
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      <invstOrSec>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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        <cusip>544525N61</cusip>
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          <isin value="US544525N611"/>
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      <invstOrSec>
        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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          <isin value="US777849WP11"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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          <isin value="US13049YBC49"/>
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        <name>LODI CALIF UNI SCH DIST</name>
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          <isin value="US540261LY89"/>
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        <name>EASTERN MUN WTR DIST FING AUTH CA WTR and WASTEWATER REV</name>
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          <isin value="US27677SBD45"/>
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        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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          <isin value="US940204GX22"/>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>BRISBANE CALIF SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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        <title>SAC CNTY ARPT 5% 7/1/2035 @</title>
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          <isin value="US786107VK56"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SANTA CLARA CNTY CA FING LEASE</name>
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          <isin value="US801577NF02"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <title>CA STWD 4% 4/1/2040</title>
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          <isin value="US13080SC443"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2029</title>
        <cusip>13048T4B6</cusip>
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          <isin value="US13048T4B65"/>
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        <balance>575000.00000000</balance>
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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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      <invstOrSec>
        <name>LONG BEACH CA CMNTY COLLEGE</name>
        <lei>N/A</lei>
        <title>LONGBEACH CA CC 3% 8/1/2036</title>
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          <isin value="US542411MX84"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2033</title>
        <cusip>13048V2J6</cusip>
        <identifiers>
          <isin value="US13048V2J65"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CALI 5% 7/1/2034</title>
        <cusip>797257AS1</cusip>
        <identifiers>
          <isin value="US797257AS17"/>
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        <balance>1380000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA STWD STUDENT 5% 5/15/2047</title>
        <cusip>13078RHF0</cusip>
        <identifiers>
          <isin value="US13078RHF01"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 8/15/29</title>
        <cusip>13048T3L5</cusip>
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          <isin value="US13048T3L56"/>
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        <balance>245000.00000000</balance>
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        <valUSD>251841.14000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
        <title>UPLAND CA COP 5% 1/1/2032</title>
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          <isin value="US915346FV75"/>
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        <balance>1400000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
        <lei>N/A</lei>
        <title>FRESNO CALIF UN 5% 8/1/2035</title>
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          <isin value="US358233CR32"/>
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        <balance>175000.00000000</balance>
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      <invstOrSec>
        <name>LOS RIOS CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LOS RIOS CA CCD 3% 8/1/2044</title>
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          <isin value="US545624RB65"/>
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        <name>SAN MARCOS CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MARCOS USD 5% 8/1/2045</title>
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          <isin value="US798755HW76"/>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 6/1/2034</title>
        <cusip>13080SWM2</cusip>
        <identifiers>
          <isin value="US13080SWM24"/>
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        <balance>375000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOUNTAIN VIEW CALIF SCH DIST SCH FACS IMPT DIST NO 2 SAN BERNARDINO CNTY</name>
        <lei>N/A</lei>
        <title>MOUNTAIN VIE 4% 8/1/2054</title>
        <cusip>62440CBP5</cusip>
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          <isin value="US62440CBP59"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9250297.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-01</maturityDt>
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          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>CA EDL FACS AUTH REV</name>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
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        <name>CENTINELA VL CA UNI HIGH S DST</name>
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        <name>GLENDALE CA UNI SCH DIST</name>
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        <name>FRESNO CALIF ARPT REV</name>
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      <invstOrSec>
        <name>SOUTH BAYSIDE WASTE MGMT AUTH CALIF SOLID WASTE ENTERPRISE</name>
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          <isin value="US83646ABX00"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>CALIFORNIA ST</name>
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        <name>CALIFORNIA ST</name>
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          <isin value="US13063DQU53"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532PN83"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MURRIETA VY CA UNI SCH DIST</name>
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          <isin value="US626905JF10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 10/1/28</title>
        <cusip>13048TV91</cusip>
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          <isin value="US13048TV919"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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        <title>ONTAR CA 68304R 5% 11/1/2036</title>
        <cusip>68304RDY3</cusip>
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          <isin value="US68304RDY36"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
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          <isin value="US13049YCD13"/>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US616871NT27"/>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <title>SACRAMENTO USD 5% 8/1/2038</title>
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          <isin value="US785870K888"/>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048V2R81"/>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2039</title>
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          <isin value="US13048V2Q09"/>
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      <invstOrSec>
        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <title>VIRGIN ILSD TRI 5% 9/1/2035</title>
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          <isin value="US927686AL91"/>
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      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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          <isin value="US68304REB24"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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          <isin value="US786107RT12"/>
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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>SACRAMENTO CNTY CA ARPT SYS RV</name>
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          <isin value="US786107RR55"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <cusip>13080SSW5</cusip>
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          <isin value="US13080SSW51"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
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          <isin value="US861398CA19"/>
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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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      <invstOrSec>
        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
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        <title>ELK GROVE CA FI 5% 9/1/2031</title>
        <cusip>287254DV5</cusip>
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          <isin value="US287254DV55"/>
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        <curCd>USD</curCd>
        <valUSD>2507173.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/2037 @</title>
        <cusip>786107WS7</cusip>
        <identifiers>
          <isin value="US786107WS73"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1103963.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2040</title>
        <cusip>68304REC0</cusip>
        <identifiers>
          <isin value="US68304REC07"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1138435.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2031</title>
        <cusip>130179MW1</cusip>
        <identifiers>
          <isin value="US130179MW16"/>
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        <balance>890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>930633.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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        <title>WEST CONTRA CS 5% 8/1/2037</title>
        <cusip>95234ACN3</cusip>
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          <isin value="US95234ACN37"/>
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        <balance>665000.00000000</balance>
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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>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 4% 2/1/2051</title>
        <cusip>13048VZJ0</cusip>
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          <isin value="US13048VZJ06"/>
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        <balance>7500000.00000000</balance>
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        <valUSD>6538841.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-02-01</maturityDt>
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          <annualizedRt>0.04000000</annualizedRt>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5% 7/1/2030</title>
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          <isin value="US544532CW20"/>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <title>MORENO VLY USD 5.25% 8/1/2042</title>
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          <isin value="US616871MY21"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.05250000</annualizedRt>
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        <name>LONG BEACH CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LONGBEACH CA SD 3% 8/1/2047</title>
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          <isin value="US542433WB90"/>
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        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>POWAY CALIF UNI SCH DIST CAP APPREC-SCH FACS IMPT</title>
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          <isin value="US738850RA62"/>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/2039 @</title>
        <cusip>786107VP4</cusip>
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          <isin value="US786107VP44"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 5% 8/1/2038</title>
        <cusip>95234ACP8</cusip>
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          <isin value="US95234ACP84"/>
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        <balance>800000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 5% 8/1/2042</title>
        <cusip>861419G86</cusip>
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          <isin value="US861419G863"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PANAMA-BUENA VISTA UN SCH DIST CALIF</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SANTA BARBARA CALIF FING AUTHREV</name>
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          <isin value="US801262BJ44"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LINDSAY CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LINDS CA 0% 8/1/2034</title>
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          <isin value="US535545CE58"/>
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        <balance>675000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2033</title>
        <cusip>785870K39</cusip>
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          <isin value="US785870K391"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2038</title>
        <cusip>13048VDW5</cusip>
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          <isin value="US13048VDW54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
        <title>IRVINE CA IMPT 4% 9/2/2036</title>
        <cusip>46360RG92</cusip>
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          <isin value="US46360RG922"/>
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        <balance>250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-02</maturityDt>
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          <annualizedRt>0.04000000</annualizedRt>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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          <isin value="US927686AT28"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
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        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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        <cusip>79766DKG3</cusip>
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          <isin value="US79766DKG33"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <cusip>13013JHN9</cusip>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <title>CALIFORNIA HLTH 5% MT</title>
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        <name>SAN FRANCISCO CA BART DIST TAX</name>
        <lei>N/A</lei>
        <title>SAN FRAN BART 3% 7/1/44</title>
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          <isin value="US797669ZG63"/>
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        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2037@</title>
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          <isin value="US542424VB92"/>
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        <name>SANTA CLARITA CA CMNTY COLL</name>
        <lei>N/A</lei>
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          <isin value="US801686SG20"/>
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        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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          <isin value="US68304REA41"/>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5.50% 9/1/2056</title>
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        <name>MIDDLE FORK PROJECT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>MIDDLE FORK PRO 5% 4/1/2027</title>
        <cusip>59572CAH0</cusip>
        <identifiers>
          <isin value="US59572CAH07"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192732.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 5% 7/1/2034</title>
        <cusip>544525U22</cusip>
        <identifiers>
          <isin value="US544525U228"/>
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        <balance>1955000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2182478.72000000</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>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 4% 4/1/2039</title>
        <cusip>13080SC36</cusip>
        <identifiers>
          <isin value="US13080SC369"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2251827.45000000</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>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF OAKLAND CA</name>
        <lei>N/A</lei>
        <title>OAKLAND CA 2.25% 1/15/2039</title>
        <cusip>672240VR6</cusip>
        <identifiers>
          <isin value="US672240VR67"/>
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        <balance>2455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1994713.52000000</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>2039-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PERRIS UNION HIGH SCHOOL DISTRICT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HI 5% 9/1/2033</title>
        <cusip>71440RAH2</cusip>
        <identifiers>
          <isin value="US71440RAH21"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1133041.10000000</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>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN MARCOS CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MARCOS USD 5% 8/1/2043</title>
        <cusip>798755HU1</cusip>
        <identifiers>
          <isin value="US798755HU11"/>
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        <balance>1350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1504805.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>GROSSMONT-CUYAMACA CCD</name>
        <lei>N/A</lei>
        <title>GROSSMONT-CUYAM 4% 8/1/2046</title>
        <cusip>399267JG9</cusip>
        <identifiers>
          <isin value="US399267JG98"/>
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        <balance>4250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4187614.68000000</valUSD>
        <pctVal>0.223679727958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</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 CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 5% 7/1/34</title>
        <cusip>544525X45</cusip>
        <identifiers>
          <isin value="US544525X453"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280768.85000000</valUSD>
        <pctVal>0.014997153459</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>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
        <title>CALIFO ST 5% 9/1/2032</title>
        <cusip>13063EBB1</cusip>
        <identifiers>
          <isin value="US13063EBB11"/>
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        <balance>16195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18363031.13000000</valUSD>
        <pctVal>0.980853808557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>DESERT CALIF CMTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>DESERT CA CCD 2% 8/1/2037</title>
        <cusip>250375JL7</cusip>
        <identifiers>
          <isin value="US250375JL79"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510982.94000000</valUSD>
        <pctVal>0.027293945060</pctVal>
        <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>0.02000000</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>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
        <title>UPLAND CA COP 5% 1/1/2033</title>
        <cusip>915346FW5</cusip>
        <identifiers>
          <isin value="US915346FW58"/>
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        <balance>2835000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2904381.81000000</valUSD>
        <pctVal>0.155136368264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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 CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2035 PRE @</title>
        <cusip>544445Q36</cusip>
        <identifiers>
          <isin value="US544445Q367"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>291660.14000000</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>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PALM SPRINGS CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>PALM SPRING USD 1.50% 8/1/2033</title>
        <cusip>6966675C4</cusip>
        <identifiers>
          <isin value="US6966675C46"/>
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        <balance>2725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2314108.42000000</valUSD>
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        <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>0.01500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PALOMAR POMERADO HEALTH CALIF</name>
        <lei>N/A</lei>
        <title>PALOMAR CA HLTH/MBIA 0% 8/1/26</title>
        <cusip>69753RBU7</cusip>
        <identifiers>
          <isin value="US69753RBU77"/>
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        <balance>4870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4837213.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SAN FRAN ARPT 5% 5/1/30</title>
        <cusip>79766DFT1</cusip>
        <identifiers>
          <isin value="US79766DFT19"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>330018.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONICA CA 3.125% 7/1/2042</title>
        <cusip>802498RH0</cusip>
        <identifiers>
          <isin value="US802498RH00"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>648123.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03125000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>ANTELOPE VL CCD 5% 8/1/2034</title>
        <cusip>03667PLE0</cusip>
        <identifiers>
          <isin value="US03667PLE06"/>
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        <balance>1175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1336517.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS CA UHSD 3% 9/1/2045</title>
        <cusip>714398LC6</cusip>
        <identifiers>
          <isin value="US714398LC66"/>
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        <balance>2540000.00000000</balance>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
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          <isin value="US13016NEK63"/>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONOMIC DEV BK LEASE REV</name>
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        <name>FONTANA CA USD GO</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US616871NU99"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      <invstOrSec>
        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>ONTARIO CALIF I 4% 5/15/2037 @</title>
        <cusip>683042AY1</cusip>
        <identifiers>
          <isin value="US683042AY11"/>
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        <curCd>USD</curCd>
        <valUSD>1713291.79000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 5% 8/1/2043</title>
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          <isin value="US861419G947"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1673250.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>PERRIS UNION HIGH SCHOOL DISTRICT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HI 5% 9/1/2032</title>
        <cusip>71440RAG4</cusip>
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          <isin value="US71440RAG48"/>
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        <curCd>USD</curCd>
        <valUSD>363090.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <cusip>927686AV7</cusip>
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          <isin value="US927686AV73"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA ST UNIV REV</name>
        <lei>N/A</lei>
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          <isin value="US13077DSX11"/>
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      <invstOrSec>
        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2032</title>
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          <isin value="US359816CX11"/>
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        <name>POWAY CA UNIFIED SCH DIST</name>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
        <title>CALIFORNIA ST MBIA-IBC</title>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2034</title>
        <cusip>544532JE5</cusip>
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          <isin value="US544532JE58"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
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          <isin value="US924397FE76"/>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
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          <isin value="US616871NS44"/>
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        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <cusip>13048TX24</cusip>
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          <isin value="US13048TX246"/>
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        <name>SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWALPROJ REV</name>
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        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T4X85"/>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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          <isin value="US798136VQ76"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>UNIVERSITY CA REVS</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <title>CALIFORNIA CMY 5% 12/1/2029</title>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2036</title>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2054</title>
        <cusip>13048V2U1</cusip>
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          <isin value="US13048V2U11"/>
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        <balance>1540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1549022.55000000</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>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN BERNADINO CTY UN SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN BERN CA USD 3% 8/1/2044</title>
        <cusip>796711E54</cusip>
        <identifiers>
          <isin value="US796711E546"/>
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        <balance>9200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7825033.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2032@</title>
        <cusip>542424UW4</cusip>
        <identifiers>
          <isin value="US542424UW49"/>
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        <balance>1760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1790534.94000000</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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2030</title>
        <cusip>544532JA3</cusip>
        <identifiers>
          <isin value="US544532JA37"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1080672.70000000</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>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>ANTELOPE VL CCD 5% 8/1/2044</title>
        <cusip>03667PLQ3</cusip>
        <identifiers>
          <isin value="US03667PLQ36"/>
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        <balance>1675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1819515.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <title>STOCKTON CA USD 5% 8/1/2045</title>
        <cusip>861419H36</cusip>
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          <isin value="US861419H366"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1366539.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2033@</title>
        <cusip>542424UX2</cusip>
        <identifiers>
          <isin value="US542424UX22"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1372756.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>POWAY CA USD 0% 08/01/46</title>
        <cusip>738850RH1</cusip>
        <identifiers>
          <isin value="US738850RH16"/>
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        <balance>10150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4179567.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2033</title>
        <cusip>359816CY9</cusip>
        <identifiers>
          <isin value="US359816CY93"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255776.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2033</title>
        <cusip>13048T4G5</cusip>
        <identifiers>
          <isin value="US13048T4G52"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1013603.10000000</valUSD>
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        <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>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/35@</title>
        <cusip>798136VP9</cusip>
        <identifiers>
          <isin value="US798136VP93"/>
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        <balance>3475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3512571.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
        <title>UNIV CAL REV 3% 5/15/51</title>
        <cusip>91412HKU6</cusip>
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          <isin value="US91412HKU67"/>
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        <balance>22435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16788839.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
        <lei>N/A</lei>
        <title>STOCKTON CALIF 5% 10/1/2036</title>
        <cusip>861398CB9</cusip>
        <identifiers>
          <isin value="US861398CB91"/>
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        <balance>1585000.00000000</balance>
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        <valUSD>1656653.41000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
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        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA USD/AGC 0% 8/1/2032</title>
        <cusip>952347UZ3</cusip>
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          <isin value="US952347UZ33"/>
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        <curCd>USD</curCd>
        <valUSD>830000.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 6/1/32</title>
        <cusip>13048T2M4</cusip>
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          <isin value="US13048T2M49"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1014851.30000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2032-06-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA INFR 3% 7/1/2050</title>
        <cusip>13034AK74</cusip>
        <identifiers>
          <isin value="US13034AK748"/>
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        <balance>9075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6816293.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA MUN FIN AUT 5% 5/15/2033</title>
        <cusip>13049YCA7</cusip>
        <identifiers>
          <isin value="US13049YCA73"/>
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        <balance>1345000.00000000</balance>
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        <valUSD>1393482.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PALM SPRINGS CA UNI SCH DIST</name>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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      <invstOrSec>
        <name>VALLECITOS WATER DIST CA</name>
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      <invstOrSec>
        <name>FOSTER CITY CALIF</name>
        <lei>N/A</lei>
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        <cusip>35005RAW1</cusip>
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          <isin value="US35005RAW16"/>
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        <balance>6500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
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      <invstOrSec>
        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US683042AW54"/>
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        <balance>1120000.00000000</balance>
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          <maturityDt>2035-05-15</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY(ATHENE ANNUITY) 5% 12/1/32MT 55</title>
        <cusip>13013JEA0</cusip>
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          <isin value="US13013JEA07"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2033</title>
        <cusip>13048VDR6</cusip>
        <identifiers>
          <isin value="US13048VDR69"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2048</title>
        <cusip>702274DT5</cusip>
        <identifiers>
          <isin value="US702274DT53"/>
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        <balance>1025000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2046</title>
        <cusip>702274DR9</cusip>
        <identifiers>
          <isin value="US702274DR97"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>404065.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOUNTAIN VIEW CALIF SCH DIST SCH FACS IMPT DIST NO 2 SAN BERNARDINO CNTY</name>
        <lei>N/A</lei>
        <title>MOUNTAIN VIE 4% 8/1/2049</title>
        <cusip>62440CBN0</cusip>
        <identifiers>
          <isin value="US62440CBN02"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4733599.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANTA BARBARA CALIF FING AUTHREV</name>
        <lei>N/A</lei>
        <title>SANTA CA 5% 4/1/2034Q</title>
        <cusip>801262BF2</cusip>
        <identifiers>
          <isin value="US801262BF22"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1066054.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% 8/15/2065</title>
        <cusip>13032U5U8</cusip>
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          <isin value="US13032U5U89"/>
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        <balance>10000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-08-15</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN MATEO CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MATEO CA US 5% 9/1/2039</title>
        <cusip>799017B31</cusip>
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          <isin value="US799017B319"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
        <lei>N/A</lei>
        <title>ROSEVILLE CA HS 5% 8/1/2038</title>
        <cusip>777849WX4</cusip>
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          <isin value="US777849WX45"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABC CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>A B C CALIF UNI SCH DIST SER C FGIC</title>
        <cusip>000416L47</cusip>
        <identifiers>
          <isin value="US000416L473"/>
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        <balance>2810000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POMONA CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>POMONA CA UNI 3% 8/1/2048</title>
        <cusip>732098RB6</cusip>
        <identifiers>
          <isin value="US732098RB66"/>
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        <balance>4105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3169753.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5% 7/1/2037@</title>
        <cusip>79739GGM2</cusip>
        <identifiers>
          <isin value="US79739GGM24"/>
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        <balance>750000.00000000</balance>
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        <valUSD>760677.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY</name>
        <lei>N/A</lei>
        <title>SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY 5.5% MT</title>
        <cusip>79811YAK4</cusip>
        <identifiers>
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      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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          <isin value="US802498RB30"/>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2034 @</title>
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          <isin value="US5444452P31"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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        <title>CA CNTY TOBAC 5% 6/1/2028</title>
        <cusip>13016NEL4</cusip>
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          <isin value="US13016NEL47"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
        <title>UPLAND CA COP 5% 1/1/2031</title>
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          <isin value="US915346FU92"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>VENTURA CA USD</name>
        <lei>N/A</lei>
        <title>VENTURA CA USD 5% 8/1/2043</title>
        <cusip>923004UF0</cusip>
        <identifiers>
          <isin value="US923004UF08"/>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 3% 8/1/2049</title>
        <cusip>785870ZS8</cusip>
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          <isin value="US785870ZS85"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>SAN MARCOS CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MARCOS USD 0% 8/1/2037</title>
        <cusip>798755DF8</cusip>
        <identifiers>
          <isin value="US798755DF89"/>
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        <balance>2675000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>ALHAMBRA CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>ALHAMBRA CA UNI 0% 8/1/2038</title>
        <cusip>016059DP9</cusip>
        <identifiers>
          <isin value="US016059DP95"/>
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        <balance>5000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 5% 7/1/2039 @</title>
        <cusip>358100FK6</cusip>
        <identifiers>
          <isin value="US358100FK69"/>
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        <balance>2500000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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        <title>SAC CNTY ARPT 18C 5% 07/01/35@</title>
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          <isin value="US786107RU84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2036</title>
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          <isin value="US13048V2M94"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HAYWARD CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>HAYWARD UNIFIED 5.25% 8/1/2050</title>
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          <isin value="US421295AM89"/>
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        <invCountry>US</invCountry>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
        <title>IRVINE CA IMPT 4% 9/2/2040</title>
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          <isin value="US46360RH599"/>
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        <name>PALOMAR CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>PALOMAR CA CCD 5% 8/1/2035</title>
        <cusip>697511EW9</cusip>
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          <isin value="US697511EW94"/>
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        <balance>1410000.00000000</balance>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <title>VIRGIN ILSD TRI 5% 9/1/2034</title>
        <cusip>927686AK1</cusip>
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          <isin value="US927686AK19"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5% 7/1/2037</title>
        <cusip>544532KH6</cusip>
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          <isin value="US544532KH60"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA SW 2.4% MT @</title>
        <cusip>13048RAG2</cusip>
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          <isin value="US13048RAG20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>0.02400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
        <lei>N/A</lei>
        <title>CALIFORNIA HG 3.50% 11/20/2035</title>
        <cusip>13033DAE5</cusip>
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          <isin value="US13033DAE58"/>
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        <curCd>USD</curCd>
        <valUSD>7021315.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2034 @</title>
        <cusip>5444453J6</cusip>
        <identifiers>
          <isin value="US5444453J61"/>
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        <balance>8840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9853351.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN MATEO CNTY CALIF JT PWRS FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>SAN MATEO CN 3% 6/15/2046</title>
        <cusip>79904NHP8</cusip>
        <identifiers>
          <isin value="US79904NHP87"/>
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        <balance>13660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10938630.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
        <title>CA ST 3% 10/1/2034</title>
        <cusip>13063DQS0</cusip>
        <identifiers>
          <isin value="US13063DQS08"/>
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        <balance>3580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3539952.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 4% 10/1/2051</title>
        <cusip>13048VWU8</cusip>
        <identifiers>
          <isin value="US13048VWU87"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>967676.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/2038 @</title>
        <cusip>786107WT5</cusip>
        <identifiers>
          <isin value="US786107WT56"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1914435.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/32</title>
        <cusip>13080STA2</cusip>
        <identifiers>
          <isin value="US13080STA23"/>
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        <balance>805000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841045.89000000</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>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2043</title>
        <cusip>68304REF3</cusip>
        <identifiers>
          <isin value="US68304REF38"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1230936.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 8/1/2036</title>
        <cusip>924397FC1</cusip>
        <identifiers>
          <isin value="US924397FC11"/>
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        <balance>1490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1615116.94000000</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>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>DAVIS CALIF JT UNI SCH DIST YOLO CNTY</name>
        <lei>N/A</lei>
        <title>DAVIS CALIF JT 3% 8/1/2041</title>
        <cusip>238848ED3</cusip>
        <identifiers>
          <isin value="US238848ED37"/>
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        <balance>4695000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4090732.84000000</valUSD>
        <pctVal>0.218504824040</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>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5.25% 6/1/2053</title>
        <cusip>13048VF37</cusip>
        <identifiers>
          <isin value="US13048VF371"/>
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        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7740891.75000000</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>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</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>WALNUT VLY CA USD BAN</name>
        <lei>N/A</lei>
        <title>WALNUT VALLEY CA USD CAP APPREC BD-SER D FGIC</title>
        <cusip>932889PQ5</cusip>
        <identifiers>
          <isin value="US932889PQ52"/>
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        <balance>2900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2491961.01000000</valUSD>
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        <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>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2044</title>
        <cusip>68304REG1</cusip>
        <identifiers>
          <isin value="US68304REG11"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1104872.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>PORT OAKLAND CALIF REV</name>
        <lei>N/A</lei>
        <title>PORT OAKLAND CA 5% 11/1/2028 @</title>
        <cusip>735000UT6</cusip>
        <identifiers>
          <isin value="US735000UT61"/>
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        <balance>105000.00000000</balance>
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        <valUSD>108458.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 5% 7/1/2030</title>
        <cusip>544525T65</cusip>
        <identifiers>
          <isin value="US544525T659"/>
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        <balance>4470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4830606.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA PUB 4% 10/15/2026</title>
        <cusip>13057EDT8</cusip>
        <identifiers>
          <isin value="US13057EDT82"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>415760.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2035</title>
        <cusip>13048T4J9</cusip>
        <identifiers>
          <isin value="US13048T4J91"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1517849.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>SANGER CA UNI SCH DIST</name>
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        <name>CALIFORNIA MUN FIN AUTH LEASEREV</name>
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      <invstOrSec>
        <name>MOUNT SAN ANTONIO CA CMNTY COL LEGE DIST</name>
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        <name>SAN MATEO CNTY CALIF JT PWRS FING AUTH LEASE REV</name>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>PUERTO RICO COMWLTH</name>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <name>SAN DIEGO CA UNI SCH DIST</name>
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      <invstOrSec>
        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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          <isin value="US797257AP77"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US13048V5X23"/>
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        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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          <isin value="US786107WR90"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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          <isin value="US940204GY05"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
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          <isin value="US542424VA10"/>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048VGC63"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN MATEO CA UNIFIED SCH DIST</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VENTURA CA USD</name>
        <lei>N/A</lei>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T3Q44"/>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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        <name>GOLDEN ST TOB SECURTZN CORP CALIF TOB SETTLEMENT REV</name>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
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        <name>UNIVERSITY CA REVS</name>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
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        <name>CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV</name>
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        <name>ANAHEIM CALIF ELEM SCH DIST</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>PERRIS UNION HIGH SCHOOL DISTRICT FINANCING AUTHORITY</name>
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        <name>MUROC CALIF JT UNI SCH DIST</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>CA EDL FACS AUTH REV</name>
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        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>SOUTHERN CA PUB PWR AUTH</name>
        <lei>N/A</lei>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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      <invstOrSec>
        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>GLENDORA CALIF UNI SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% MT</title>
        <cusip>13013JGF7</cusip>
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          <isin value="US13013JGF75"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
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        <title>ELK GROVE CA FI 5% 9/1/2029</title>
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          <isin value="US287254DT00"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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        <title>ONTAR CA 68304R 5% 11/1/2041</title>
        <cusip>68304RED8</cusip>
        <identifiers>
          <isin value="US68304RED89"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2035</title>
        <cusip>13048VDT2</cusip>
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          <isin value="US13048VDT26"/>
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        <balance>225000.00000000</balance>
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      <invstOrSec>
        <name>LOCAL PUB SCHS FDG AUTH SCH FACS IMPT DIST NO 2016-1 CALIF</name>
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        <cusip>53957RCE0</cusip>
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          <isin value="US53957RCE09"/>
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        <name>FRESNO CALIF ARPT REV</name>
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          <isin value="US358100FF74"/>
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        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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          <isin value="US544525X529"/>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US683042BA26"/>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
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        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH BAYSIDE WASTE MGMT AUTH CALIF SOLID WASTE ENTERPRISE</name>
        <lei>N/A</lei>
        <title>SOUTH BAYSIDE 5% 9/1/2042</title>
        <cusip>83646ACJ0</cusip>
        <identifiers>
          <isin value="US83646ACJ07"/>
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        <balance>1255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1307899.88000000</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>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 3/1/2034</title>
        <cusip>13048V5W4</cusip>
        <identifiers>
          <isin value="US13048V5W40"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>960594.44000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% MT</title>
        <cusip>13013JFW1</cusip>
        <identifiers>
          <isin value="US13013JFW18"/>
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        <balance>7905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8562944.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2041</title>
        <cusip>616871MX4</cusip>
        <identifiers>
          <isin value="US616871MX48"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>894604.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA SW 4.375% MT @</title>
        <cusip>13048RAM9</cusip>
        <identifiers>
          <isin value="US13048RAM97"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7296489.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04375000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CERRITOS CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CERRITOS CA CCD 0% 8/1/2035</title>
        <cusip>156792FK4</cusip>
        <identifiers>
          <isin value="US156792FK45"/>
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        <balance>895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>664122.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 4.25% 7/1/2044 @</title>
        <cusip>358100FQ3</cusip>
        <identifiers>
          <isin value="US358100FQ30"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>994824.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
        <lei>N/A</lei>
        <title>MONTEBELLO HOME2 SUITES HILTON</title>
        <cusip>612286DQ4</cusip>
        <identifiers>
          <isin value="US612286DQ46"/>
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        <balance>1895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1896615.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2034@</title>
        <cusip>542424UY0</cusip>
        <identifiers>
          <isin value="US542424UY05"/>
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        <balance>1650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1677656.48000000</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>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUAM GOVT BUSINESS PRIVILEGE TAX REV</name>
        <lei>N/A</lei>
        <title>GUAM GOVT BUS 5% 1/1/2036</title>
        <cusip>40065NDC8</cusip>
        <identifiers>
          <isin value="US40065NDC83"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2715859.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 5/15/34</title>
        <cusip>13048TZ48</cusip>
        <identifiers>
          <isin value="US13048TZ480"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1017609.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MENDOCINO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MENDO CA 3% 8/1/2051</title>
        <cusip>586596DE5</cusip>
        <identifiers>
          <isin value="US586596DE58"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2227228.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>SAN DIEGO CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CA USD 0% 07/01/47</title>
        <cusip>797355R48</cusip>
        <identifiers>
          <isin value="US797355R485"/>
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        <balance>8700000.00000000</balance>
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        <valUSD>7432669.26000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>SAN FRAN CCD 5.25% 6/15/2049</title>
        <cusip>797683KJ7</cusip>
        <identifiers>
          <isin value="US797683KJ77"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2035393.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UPLAND CALIF CMNTY REDEV AGY SUCCESSOR AGY TAX ALLOCATION</name>
        <lei>N/A</lei>
        <title>UPLAND CALIF CM 2.75% 9/1/2036</title>
        <cusip>91535CAN6</cusip>
        <identifiers>
          <isin value="US91535CAN65"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325413.54000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02750000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONIC USD 3% 8/1/2049</title>
        <cusip>802498TC9</cusip>
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          <isin value="US802498TC94"/>
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        <balance>3190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2426943.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PERRIS UNION HIGH SCHOOL DISTRICT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HI 5% 9/1/2038</title>
        <cusip>71440RAN9</cusip>
        <identifiers>
          <isin value="US71440RAN98"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>457647.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>CENTINELA VL CA UNI HIGH S DST</name>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
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        <title>SACRAMENTO TRAN 5% 6/1/2043</title>
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          <isin value="US786073AV82"/>
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      <invstOrSec>
        <name>MODESTO CALIF IRR DIST FING AUTH ELEC SYS REV</name>
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        <title>MODESTO CA IR 5% 10/1/2039</title>
        <cusip>607767CC2</cusip>
        <identifiers>
          <isin value="US607767CC25"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 4% 7/1/2035</title>
        <cusip>940204GP9</cusip>
        <identifiers>
          <isin value="US940204GP97"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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        <title>WEST CONTRA CS 5% 8/1/2040</title>
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          <isin value="US95234ACR41"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% 11/15/32</title>
        <cusip>13032UNQ7</cusip>
        <identifiers>
          <isin value="US13032UNQ75"/>
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        <balance>1400000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH SR LIVING HEALTH FAC REV</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STA 5% 1/1/2033</title>
        <cusip>13081KAP5</cusip>
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          <isin value="US13081KAP57"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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          <isin value="US358233CW27"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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          <isin value="US79739GGL41"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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          <isin value="US544525Y931"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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          <isin value="US13080SC518"/>
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        <name>SAN MATEO CA UNIFIED SCH DIST</name>
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          <isin value="US799017WY02"/>
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        <name>BAY AREA TOLL AU CA BRIDGE REV</name>
        <lei>N/A</lei>
        <title>BATA CA 5% 4/1/2043</title>
        <cusip>072024A85</cusip>
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          <isin value="US072024A851"/>
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        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
        <lei>N/A</lei>
        <title>STOCKTON CALIF 4% 10/1/2037</title>
        <cusip>861398CC7</cusip>
        <identifiers>
          <isin value="US861398CC74"/>
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          <maturityDt>2037-10-01</maturityDt>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
        <title>CA ST 5.25% 12/01/33</title>
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          <isin value="US13062T4T82"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>POWAY CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION</name>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <name>UPLAND CA CTFS PARTN</name>
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        <name>PLACENTIA-YORBA LINDA CA USD</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048VWN45"/>
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        <name>GUAM GOVT BUSINESS PRIVILEGE TAX REV</name>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <title>SACRAMENTO USD 5% 8/1/2037</title>
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        <name>PORT OAKLAND CALIF REV</name>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
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        <name>LOS ANGELES CA UNI SCH DIST</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
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        <name>CENTINELA VL CA UNI HIGH S DST</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CALIFORNIA ST UNIV REV</name>
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        <name>GILROY CALIF PUB FACS FING AUTH WASTEWATER REV</name>
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        <name>CALIFORNIA MUN FIN AUTH LEASEREV</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
        <title>CA ST 5% 3/1/2038</title>
        <cusip>13063EMD5</cusip>
        <identifiers>
          <isin value="US13063EMD57"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11436851.00000000</valUSD>
        <pctVal>0.610894725486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2044</title>
        <cusip>702274DP3</cusip>
        <identifiers>
          <isin value="US702274DP32"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>498412.86000000</valUSD>
        <pctVal>0.026622519370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN CA PUB PWR AUTH</name>
        <lei>N/A</lei>
        <title>SOUTHERN CA PUB 5% MT</title>
        <cusip>84247PND9</cusip>
        <identifiers>
          <isin value="US84247PND95"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7320105.80000000</valUSD>
        <pctVal>0.391000461859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</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>PERRIS UNION HIGH SCHOOL DISTRICT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HI 5% 9/1/2031</title>
        <cusip>71440RAF6</cusip>
        <identifiers>
          <isin value="US71440RAF64"/>
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        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>469834.48000000</valUSD>
        <pctVal>0.025096016874</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>0.05000000</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>POMONA CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>POMONA CA UNI 2.50% 8/1/2048</title>
        <cusip>732098NP9</cusip>
        <identifiers>
          <isin value="US732098NP98"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6742228.00000000</valUSD>
        <pctVal>0.360133355171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 8/1/2039</title>
        <cusip>924397FF4</cusip>
        <identifiers>
          <isin value="US924397FF42"/>
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        <balance>1275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1364494.42000000</valUSD>
        <pctVal>0.072883912200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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 CNTY CA PUB WKS</name>
        <lei>N/A</lei>
        <title>LA PUB LEASE RV 2.625% 12/1/2051</title>
        <cusip>54473EWQ3</cusip>
        <identifiers>
          <isin value="US54473EWQ33"/>
        </identifiers>
        <balance>1900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1299255.53000000</valUSD>
        <pctVal>0.069399203533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02625000</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>OCEANSIDE CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>OCEANSIDE CA SD 0% 8/1/2031</title>
        <cusip>675383WY5</cusip>
        <identifiers>
          <isin value="US675383WY59"/>
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        <balance>4875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4182678.83000000</valUSD>
        <pctVal>0.223416081546</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>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2049 @</title>
        <cusip>544445JP5</cusip>
        <identifiers>
          <isin value="US544445JP51"/>
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        <balance>4950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4990859.78000000</valUSD>
        <pctVal>0.266584736938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>CITY OF FRESNO UNIFIED SCHOOL</name>
        <lei>N/A</lei>
        <title>FRESNO CALIF UN 5% 8/1/2041</title>
        <cusip>358233CX0</cusip>
        <identifiers>
          <isin value="US358233CX00"/>
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        <balance>435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>464145.26000000</valUSD>
        <pctVal>0.024792129511</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>0.05000000</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>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 5% 8/1/2042</title>
        <cusip>95234ACT0</cusip>
        <identifiers>
          <isin value="US95234ACT07"/>
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        <balance>1265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1428065.84000000</valUSD>
        <pctVal>0.076279553637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2034</title>
        <cusip>359816CZ6</cusip>
        <identifiers>
          <isin value="US359816CZ68"/>
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        <balance>430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>438030.72000000</valUSD>
        <pctVal>0.023397232022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</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>WISEBURN CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WISEBURN CA UNI 3% 8/1/2037</title>
        <cusip>977269BS7</cusip>
        <identifiers>
          <isin value="US977269BS77"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294314.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</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>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2043</title>
        <cusip>616871MZ9</cusip>
        <identifiers>
          <isin value="US616871MZ95"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1362941.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</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>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2038</title>
        <cusip>544532PK4</cusip>
        <identifiers>
          <isin value="US544532PK45"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1107432.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SAN FRAN ARPT 5% 5/1/2036 @</title>
        <cusip>79766DLW7</cusip>
        <identifiers>
          <isin value="US79766DLW73"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10422537.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>ROSEVILLE CALIF JT UN HIGH SCH</name>
        <lei>N/A</lei>
        <title>ROSEVILLE CA HS 5% 8/1/2036</title>
        <cusip>777849WV8</cusip>
        <identifiers>
          <isin value="US777849WV88"/>
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        <balance>1715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1977869.71000000</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>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>SAN DIEGO CA UNI SCH DIST</name>
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        <name>LOS ANGELES CNTY CA PUB WKS</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>SANTA CLARITA CA CMNTY COLL</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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        <cusip>13049YCJ8</cusip>
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          <isin value="US13049YCJ82"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/34</title>
        <cusip>13080STC8</cusip>
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          <isin value="US13080STC88"/>
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        <curCd>USD</curCd>
        <valUSD>922021.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
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          <isin value="US544532PR97"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA EDL FACS AUTH REV POMONA COLLEGE-A</title>
        <cusip>130175W57</cusip>
        <identifiers>
          <isin value="US130175W574"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>ANTELOPE VL CCD 5% 8/1/2037</title>
        <cusip>03667PLH3</cusip>
        <identifiers>
          <isin value="US03667PLH37"/>
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        <balance>1360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1556745.76000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2045</title>
        <cusip>616871NB1</cusip>
        <identifiers>
          <isin value="US616871NB19"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2224879.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5% 7/1/2036</title>
        <cusip>544532PH1</cusip>
        <identifiers>
          <isin value="US544532PH16"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1125565.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>ELK GROVE CA FI 5% 9/1/2030</title>
        <cusip>287254DU7</cusip>
        <identifiers>
          <isin value="US287254DU72"/>
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        <balance>1720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1725243.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5% 7/1/2028 @</title>
        <cusip>79739GLQ7</cusip>
        <identifiers>
          <isin value="US79739GLQ72"/>
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        <balance>820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>854244.10000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/37</title>
        <cusip>13080STF1</cusip>
        <identifiers>
          <isin value="US13080STF10"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>674130.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WISEBURN CA SCH DIST</name>
        <lei>N/A</lei>
        <title>WISEBURN CA SD 0% 8/1/2037</title>
        <cusip>977266JN6</cusip>
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          <isin value="US977266JN69"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>682681.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5% 7/1/2031@</title>
        <cusip>79739GGF7</cusip>
        <identifiers>
          <isin value="US79739GGF72"/>
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        <balance>1250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/33</title>
        <cusip>13080STB0</cusip>
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          <isin value="US13080STB06"/>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 4% 10/1/2033</title>
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          <isin value="US13048VWM61"/>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2034</title>
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          <isin value="US785870K474"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5% 7/1/2040</title>
        <cusip>544532PM0</cusip>
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          <isin value="US544532PM01"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/32@</title>
        <cusip>798136VL8</cusip>
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          <isin value="US798136VL89"/>
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        <balance>850000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2035@</title>
        <cusip>542424UZ7</cusip>
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          <isin value="US542424UZ79"/>
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        <balance>2500000.00000000</balance>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <name>CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV</name>
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          <isin value="US13078RGH75"/>
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        <name>GUAM GOVT BUSINESS PRIVILEGE TAX REV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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        <name>ESCONDIDO CA UN HIGH SCH DIST</name>
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        <name>GUAM GOVT BUSINESS PRIVILEGE TAX REV</name>
        <lei>N/A</lei>
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          <isin value="US40065NDA28"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <cusip>544532MH4</cusip>
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          <isin value="US544532MH43"/>
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      <invstOrSec>
        <name>WEST HOLLYWOOD CALIF PUB FING AUTH LEASE REV</name>
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        <title>WEST HOLLYWOOD 3% 4/1/2041</title>
        <cusip>95332RCK3</cusip>
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          <isin value="US95332RCK32"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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          <isin value="US861419G780"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>OAKLAND CA UNI SCH D ALAM CNTY</name>
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        <name>PALM SPRINGS CA UNI SCH DIST</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <title>CALIFORNIA HLTH 5% 7/1/2032</title>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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          <isin value="US797257AR34"/>
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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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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532CX03"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>POWAY CA UNIFIED SCH DIST</name>
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          <isin value="US738850RG33"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US13048V2L12"/>
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      <invstOrSec>
        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>738850QQ2</cusip>
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          <isin value="US738850QQ24"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CENTINELA VL CA UNI HIGH S DST</name>
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        <cusip>152339SH1</cusip>
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          <isin value="US152339SH10"/>
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        <balance>1750000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/2034 @</title>
        <cusip>786107VJ8</cusip>
        <identifiers>
          <isin value="US786107VJ83"/>
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        <balance>2140000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
        <lei>N/A</lei>
        <title>SACRAMENTO TRAN 5% 6/1/2038</title>
        <cusip>786073AU0</cusip>
        <identifiers>
          <isin value="US786073AU00"/>
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        <balance>1240000.00000000</balance>
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        <valUSD>1284632.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
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        <cusip>544532NT7</cusip>
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          <isin value="US544532NT71"/>
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        <balance>2570000.00000000</balance>
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        <valUSD>2880470.39000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LINDSAY CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>535545CC9</cusip>
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          <isin value="US535545CC92"/>
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        <balance>695000.00000000</balance>
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        <name>CENTINELA VL CA UNI HIGH S DST</name>
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          <isin value="US152339SJ75"/>
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        <name>FOOTHILL/ESTRN TRANSN CA TOLL</name>
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          <isin value="US345105JC59"/>
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        <name>PALMDALE CA ELEM SCH DIST</name>
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          <isin value="US69671TEP03"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <title>WA TWP CA HC 5% 7/1/33</title>
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          <isin value="US940204EW66"/>
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        <name>MONTEREY PENINSULA CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>MONTEREY PENSLA 3% 8/1/2034</title>
        <cusip>612574EN9</cusip>
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          <isin value="US612574EN98"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2049</title>
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          <isin value="US13048V2T48"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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        <name>EASTERN MUN WTR DIST FING AUTH CA WTR and WASTEWATER REV</name>
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        <name>Fidelity Revere Street Trust</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>BAY AREA TOLL AU CA BRIDGE REV</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048V2K39"/>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>VENTURA CA USD</name>
        <lei>N/A</lei>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
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        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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          <isin value="US544525X297"/>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
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        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
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        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>CARLSBAD CA UNIFIED SCHOOL DIS</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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        <name>BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV</name>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONOMIC DEV BK LEASE REV</name>
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        <name>SAN MARCOS CALIF UNI SCH DIST</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>UPLAND CA CTFS PARTN</name>
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        <name>SAN FRANCISCO CA PUC WATER</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>SAN JUAN CA UNI SCH DIST</name>
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        <name>CENTER JOINT CA UNIFIED SCH DIST</name>
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        <name>SANTA CLARA CNTY CA FING LEASE</name>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>ELK GROVE CA FI 5% 09/01/41</title>
        <cusip>287254EC6</cusip>
        <identifiers>
          <isin value="US287254EC65"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4504329.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2035 @</title>
        <cusip>544445S26</cusip>
        <identifiers>
          <isin value="US544445S264"/>
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        <balance>4735000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC DI 4.50% 8/1/2053</title>
        <cusip>940642GG0</cusip>
        <identifiers>
          <isin value="US940642GG07"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVATO CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NOVATO CA USD 2% 8/1/2039</title>
        <cusip>669878HK9</cusip>
        <identifiers>
          <isin value="US669878HK91"/>
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        <balance>5810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4579611.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2046</title>
        <cusip>359816DD4</cusip>
        <identifiers>
          <isin value="US359816DD48"/>
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        <balance>2055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1942651.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DRY CREEK CALIF JT ELEM SCH DIST</name>
        <lei>N/A</lei>
        <title>DRY CREEK CA JT 0% 8/1/2034</title>
        <cusip>262386EX9</cusip>
        <identifiers>
          <isin value="US262386EX98"/>
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        <balance>2935000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2253547.59000000</valUSD>
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        <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>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARLSBAD CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>CARLSBAD CA USD 4% 5/1/2031</title>
        <cusip>142665EV6</cusip>
        <identifiers>
          <isin value="US142665EV62"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1516521.45000000</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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2036</title>
        <cusip>13048VGF9</cusip>
        <identifiers>
          <isin value="US13048VGF94"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1173962.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2030</title>
        <cusip>130179TK0</cusip>
        <identifiers>
          <isin value="US130179TK05"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>464426.91000000</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>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
        <title>IRVINE CA IMPT 5% 9/2/2044</title>
        <cusip>46360RF28</cusip>
        <identifiers>
          <isin value="US46360RF288"/>
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        <balance>2545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2606181.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5.25% 7/1/2044 @</title>
        <cusip>79739GTB2</cusip>
        <identifiers>
          <isin value="US79739GTB22"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1087934.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>ANTELOPE VL CCD 5% 8/1/2040</title>
        <cusip>03667PLL4</cusip>
        <identifiers>
          <isin value="US03667PLL49"/>
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        <balance>1575000.00000000</balance>
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        <valUSD>1760045.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2029</title>
        <cusip>13048T4W0</cusip>
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          <isin value="US13048T4W03"/>
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        <balance>1300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN MATEO CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MATEO CA US 5% 9/1/2036</title>
        <cusip>799017A81</cusip>
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          <isin value="US799017A816"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALNUT VLY CA USD BAN</name>
        <lei>N/A</lei>
        <title>WALNUT VALLEY CA UNI SCH DIST CAP APPREC BD-SER D FGIC</title>
        <cusip>932889PR3</cusip>
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          <isin value="US932889PR36"/>
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        <valUSD>1092114.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5.25% 7/1/2043 @</title>
        <cusip>79739GTA4</cusip>
        <identifiers>
          <isin value="US79739GTA49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
        <lei>N/A</lei>
        <title>FRESNO CALIF UN 5% 8/1/2038</title>
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          <isin value="US358233CU60"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322649.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>UPLAND CA CTFS PARTN</name>
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      <invstOrSec>
        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>VENTURA CA USD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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          <isin value="US13013JHH23"/>
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        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
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          <isin value="US74514L3R62"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048VJY56"/>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH SR LIVING HEALTH FAC REV</name>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
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          <isin value="US616871NP05"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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          <isin value="US785870K961"/>
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        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T4D22"/>
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        <name>FRESNO CALIF ARPT REV</name>
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        <name>MIRACOSTA CA CMNTY CLG DIST</name>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
        <lei>N/A</lei>
        <title>SACRAMENTO TRAN 5% 6/1/2034</title>
        <cusip>786073AQ9</cusip>
        <identifiers>
          <isin value="US786073AQ97"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>729653.75000000</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>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 10/1/2036</title>
        <cusip>130179QC1</cusip>
        <identifiers>
          <isin value="US130179QC16"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>873137.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 18C 5% 07/01/36@</title>
        <cusip>786107RV6</cusip>
        <identifiers>
          <isin value="US786107RV67"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7701378.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
        <title>CA PUB WKS 5% 4/1/2041</title>
        <cusip>13068XPQ6</cusip>
        <identifiers>
          <isin value="US13068XPQ69"/>
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        <balance>3655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4100240.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIO HONDO CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>RIO HONDO CA 6.85% 8/1/42</title>
        <cusip>767121DL7</cusip>
        <identifiers>
          <isin value="US767121DL75"/>
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        <balance>6830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8456639.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06850000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/2040 @</title>
        <cusip>786107VQ2</cusip>
        <identifiers>
          <isin value="US786107VQ27"/>
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        <balance>2865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3135916.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GATEWAY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>GATEWAY CA USCD 0% I=FGIC 8/1/2036</title>
        <cusip>36759RCC9</cusip>
        <identifiers>
          <isin value="US36759RCC97"/>
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        <balance>2315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1609513.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
        <lei>N/A</lei>
        <title>FRESNO CALIF UN 5% 8/1/2034</title>
        <cusip>358233CQ5</cusip>
        <identifiers>
          <isin value="US358233CQ58"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108903.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 0% 8/1/2033</title>
        <cusip>861419RK7</cusip>
        <identifiers>
          <isin value="US861419RK72"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1521386.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2030</title>
        <cusip>130179MV3</cusip>
        <identifiers>
          <isin value="US130179MV33"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>680222.73000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POMONA CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>POMONA CA UNI 2.375% 8/1/2045</title>
        <cusip>732098NL8</cusip>
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          <isin value="US732098NL84"/>
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        <balance>8510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6084014.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02375000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONICA CA 5% 7/1/2031</title>
        <cusip>802498QX6</cusip>
        <identifiers>
          <isin value="US802498QX68"/>
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        <balance>350000.00000000</balance>
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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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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 5% 7/1/2037 @</title>
        <cusip>358100FH3</cusip>
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          <isin value="US358100FH31"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1093694.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% MT</title>
        <cusip>13013JEB8</cusip>
        <identifiers>
          <isin value="US13013JEB89"/>
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        <balance>6405000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% 12/1/2030</title>
        <cusip>13013JDX1</cusip>
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          <isin value="US13013JDX19"/>
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        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 4% 10/1/2037</title>
        <cusip>13048VWR5</cusip>
        <identifiers>
          <isin value="US13048VWR58"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>ROSEVILLE CALIF JT UN HIGH SCH</name>
        <lei>N/A</lei>
        <title>ROSEVILLE CA HS 5% 8/1/2040</title>
        <cusip>777849WZ9</cusip>
        <identifiers>
          <isin value="US777849WZ92"/>
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        <balance>2010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2237396.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
        <lei>N/A</lei>
        <title>VIRGIN ILSD TRI 5% 9/1/2028</title>
        <cusip>927686AD7</cusip>
        <identifiers>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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      <invstOrSec>
        <name>LONG BEACH CA CMNTY COLLEGE</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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          <isin value="US95234ACQ67"/>
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      <invstOrSec>
        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2041</title>
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          <isin value="US702274DL28"/>
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        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OCEANSIDE CALIF UNI SCH DIST</name>
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          <isin value="US675383WQ26"/>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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          <isin value="US802498RA56"/>
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        <name>SAN MATEO CNTY CALIF CMNTY COL DIST</name>
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          <isin value="US799038NH33"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US13048TY988"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T2K82"/>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CA PU 5% 10/15/2035</title>
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          <isin value="US797299QK33"/>
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        <name>RICHMOND CALIF WASTEWATER REV</name>
        <lei>N/A</lei>
        <title>RICHMOND CA WTR 5% 8/1/2039</title>
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          <isin value="US764507DA46"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2044</title>
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          <isin value="US13048V2S64"/>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH LEASEREV</name>
        <lei>N/A</lei>
        <title>CALIF CA 13049U 5% 6/1/2032</title>
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          <isin value="US13049UCS69"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2045</title>
        <cusip>702274DQ1</cusip>
        <identifiers>
          <isin value="US702274DQ15"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>13048VGD4</cusip>
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          <isin value="US13048VGD47"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SAN MATEO CA UNIFIED SCH DIST</name>
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          <isin value="US799017A998"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
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          <isin value="US13068L6Z37"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
        <lei>N/A</lei>
        <title>CALIFORNIA HG 4.375% 9/20/2036</title>
        <cusip>13033DAL9</cusip>
        <identifiers>
          <isin value="US13033DAL91"/>
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        <curCd>USD</curCd>
        <valUSD>7847312.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04375000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/34@</title>
        <cusip>544445NN5</cusip>
        <identifiers>
          <isin value="US544445NN57"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>996022.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2035</title>
        <cusip>785870K54</cusip>
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          <isin value="US785870K540"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTRAL VALLEY ENERGY AUTHORITY</name>
        <lei>N/A</lei>
        <title>CENTRAL VALLEY ENERGY AUTHORITY 5% MT</title>
        <cusip>15569DAA0</cusip>
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          <isin value="US15569DAA00"/>
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        <balance>9535000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2031</title>
        <cusip>130179TL8</cusip>
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          <isin value="US130179TL87"/>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
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        <cusip>13013JEP7</cusip>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2041</title>
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          <isin value="US785870E691"/>
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        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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          <isin value="US79766DLX56"/>
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      <invstOrSec>
        <name>SAN MARCOS CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MARCOS USD 5.25% 8/1/55</title>
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          <isin value="US798755HY33"/>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/34@</title>
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          <isin value="US798136VN46"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GLENDALE CA WTR REV</name>
        <lei>N/A</lei>
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          <isin value="US378478CW94"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 5% 7/1/2038 @</title>
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          <isin value="US358100FJ96"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VENTURA CA USD</name>
        <lei>N/A</lei>
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          <isin value="US923004UD59"/>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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          <isin value="US786107VL30"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
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          <isin value="US785870E857"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SANTA BARBARA CALIF FING AUTHREV</name>
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        <cusip>801262BK1</cusip>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% 11/1/2055 MT</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA CA TOB SECURITAZTN</name>
        <lei>N/A</lei>
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        <cusip>13016NEN0</cusip>
        <identifiers>
          <isin value="US13016NEN03"/>
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        <balance>300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/30@</title>
        <cusip>544445NJ4</cusip>
        <identifiers>
          <isin value="US544445NJ46"/>
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        <balance>2480000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
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      <invstOrSec>
        <name>RICHMOND CALIF WASTEWATER REV</name>
        <lei>N/A</lei>
        <title>RICHMOND CA WTR 5% 8/1/2044</title>
        <cusip>764507DB2</cusip>
        <identifiers>
          <isin value="US764507DB29"/>
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        <balance>2135000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>MONROVIA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MONROVIA CALIF UNI SCH DIST CAP APPREC-SER B FGIC</title>
        <cusip>611594GD8</cusip>
        <identifiers>
          <isin value="US611594GD88"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CENTINELA VL CA UNI HIGH S DST</name>
        <lei>N/A</lei>
        <title>CENTINELA UHSD 5% 8/1/2035</title>
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          <isin value="US152339SK49"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
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          <isin value="US798136WH68"/>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
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        <cusip>13080STH7</cusip>
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          <isin value="US13080STH75"/>
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        <balance>1250000.00000000</balance>
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        <name>SANTEE CA SCH DIST</name>
        <lei>N/A</lei>
        <title>SANTEE CA SCH D 0% 8/1/2038</title>
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          <isin value="US802853JK87"/>
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        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CALI 5% 7/1/2042</title>
        <cusip>797257AX0</cusip>
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          <isin value="US797257AX02"/>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 4% 4/1/2038</title>
        <cusip>13080SC28</cusip>
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          <isin value="US13080SC286"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/2035 @</title>
        <cusip>786107WQ1</cusip>
        <identifiers>
          <isin value="US786107WQ18"/>
        </identifiers>
        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501503.63000000</valUSD>
        <pctVal>0.026787611588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>WASHINGTON TWP CA HEALTH CARE DIST</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC DI 5.25% 8/1/2048</title>
        <cusip>940642GE5</cusip>
        <identifiers>
          <isin value="US940642GE58"/>
        </identifiers>
        <balance>1625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1763941.24000000</valUSD>
        <pctVal>0.094220200961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</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 WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2037</title>
        <cusip>544532PJ7</cusip>
        <identifiers>
          <isin value="US544532PJ71"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1119493.80000000</valUSD>
        <pctVal>0.059797304138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA MHSG 2.65% 8/1/2036</title>
        <cusip>130483DZ0</cusip>
        <identifiers>
          <isin value="US130483DZ07"/>
        </identifiers>
        <balance>9183318.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8117540.25000000</valUSD>
        <pctVal>0.433595097343</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>0.02650000</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>BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>BURBANK CA ARPT 5% 7/1/2036 @</title>
        <cusip>120827DU1</cusip>
        <identifiers>
          <isin value="US120827DU16"/>
        </identifiers>
        <balance>4750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5206288.80000000</valUSD>
        <pctVal>0.278091790063</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>0.05000000</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 JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/37@</title>
        <cusip>798136VR5</cusip>
        <identifiers>
          <isin value="US798136VR59"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2271365.10000000</valUSD>
        <pctVal>0.121324039217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>CENTRAL VALLEY ENERGY AUTHORITY</name>
        <lei>N/A</lei>
        <title>CENTRALVALLEY 5% 8/1/2034</title>
        <cusip>15569DAG7</cusip>
        <identifiers>
          <isin value="US15569DAG79"/>
        </identifiers>
        <balance>16000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17172310.40000000</valUSD>
        <pctVal>0.917251947041</pctVal>
        <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>0.05000000</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>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2031</title>
        <cusip>940204FN5</cusip>
        <identifiers>
          <isin value="US940204FN58"/>
        </identifiers>
        <balance>875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>902385.49000000</valUSD>
        <pctVal>0.048200552424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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 FRESNO UNIFIED SCHOOL</name>
        <lei>N/A</lei>
        <title>FRESNO CALIF UN 5% 8/1/2036</title>
        <cusip>358233CS1</cusip>
        <identifiers>
          <isin value="US358233CS15"/>
        </identifiers>
        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254261.09000000</valUSD>
        <pctVal>0.013581252285</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>0.05000000</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>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
        <lei>N/A</lei>
        <title>VIRGIN ILSD TRI 5% 9/1/2041</title>
        <cusip>927686AS4</cusip>
        <identifiers>
          <isin value="US927686AS45"/>
        </identifiers>
        <balance>1225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1330425.09000000</valUSD>
        <pctVal>0.071064112852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>SANTA CLARA CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SANTA CLARA SD 3% 7/1/2035</title>
        <cusip>801495R95</cusip>
        <identifiers>
          <isin value="US801495R954"/>
        </identifiers>
        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>260939.83000000</valUSD>
        <pctVal>0.013937994454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</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>LODI CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LODI CA USD 3% 8/1/46</title>
        <cusip>540261MW1</cusip>
        <identifiers>
          <isin value="US540261MW15"/>
        </identifiers>
        <balance>1015000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>812134.18000000</valUSD>
        <pctVal>0.043379815558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</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>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2042</title>
        <cusip>68304REE6</cusip>
        <identifiers>
          <isin value="US68304REE62"/>
        </identifiers>
        <balance>1025000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1154026.69000000</valUSD>
        <pctVal>0.061641864355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 5.625% 7/1/2029</title>
        <cusip>74514L3H8</cusip>
        <identifiers>
          <isin value="US74514L3H80"/>
        </identifiers>
        <balance>1815000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1907298.38000000</valUSD>
        <pctVal>0.101877564048</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>0.05625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Laura M. Del Prato</ncom:nameOfApplicant>
      <ncom:signature>Laura M. Del Prato</ncom:signature>
      <ncom:signerName>Laura M. Del Prato</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
