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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% 7/1/2030</title>
        <cusip>544532PB4</cusip>
        <identifiers>
          <isin value="US544532PB46"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1067785.40000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH SR LIVING REV</name>
        <lei>N/A</lei>
        <title>CALIF CA 4% 11/15/2028</title>
        <cusip>13049RBD7</cusip>
        <identifiers>
          <isin value="US13049RBD70"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>701600.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
        <title>UNIV CAL REV 5% 5/15/2032</title>
        <cusip>91412HTS2</cusip>
        <identifiers>
          <isin value="US91412HTS21"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3356029.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</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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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 3/1/2030</title>
        <cusip>13063ELT1</cusip>
        <identifiers>
          <isin value="US13063ELT19"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2186651.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</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>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
        <title>CA PUB WKS 5% 8/1/2027 Q</title>
        <cusip>13068XBY4</cusip>
        <identifiers>
          <isin value="US13068XBY40"/>
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        <balance>5165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5399029.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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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% 7/1/2029</title>
        <cusip>544532EG5</cusip>
        <identifiers>
          <isin value="US544532EG51"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>528111.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAY AREA WTR SUPPLY and CONSV AGY CALIF REV</name>
        <lei>N/A</lei>
        <title>BAY AREA WTR CA 5% 10/1/2026</title>
        <cusip>072031BT3</cusip>
        <identifiers>
          <isin value="US072031BT32"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031536.30000000</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>2026-10-01</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>PALO ALTO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>PALO ALTO CA UNI SCH DIST CAP APPREC-ELECTION OF 2008</title>
        <cusip>697379TK1</cusip>
        <identifiers>
          <isin value="US697379TK19"/>
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        <balance>965000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>794380.57000000</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>2031-08-01</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>
      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA PUB 4% 10/15/2025</title>
        <cusip>13057EDS0</cusip>
        <identifiers>
          <isin value="US13057EDS00"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>389684.10000000</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>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 4/1/2028</title>
        <cusip>13080SA87</cusip>
        <identifiers>
          <isin value="US13080SA876"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>440811.28000000</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>2028-04-01</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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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT 4% 8/1/2029</title>
        <cusip>95234AAX3</cusip>
        <identifiers>
          <isin value="US95234AAX37"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>311771.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</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>ELK GROVE CA FIN AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>ELK GROVE CA FI 5% 9/1/27</title>
        <cusip>287254CU8</cusip>
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          <isin value="US287254CU81"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150709.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>940204GH7</cusip>
        <identifiers>
          <isin value="US940204GH71"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>368996.92000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <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% 7/1/2026</title>
        <cusip>786107TJ1</cusip>
        <identifiers>
          <isin value="US786107TJ12"/>
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        <balance>370000.00000000</balance>
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        <valUSD>378372.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GARVEY CA SCH DIST</name>
        <lei>N/A</lei>
        <title>GARVEY CA SD 0% 8/1/2030</title>
        <cusip>366658LS9</cusip>
        <identifiers>
          <isin value="US366658LS96"/>
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        <balance>1625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1353272.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2030</title>
        <cusip>359816CV5</cusip>
        <identifiers>
          <isin value="US359816CV54"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400974.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</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>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 3% 10/1/2032</title>
        <cusip>13063D3K2</cusip>
        <identifiers>
          <isin value="US13063D3K27"/>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>563384.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</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>
      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2027</title>
        <cusip>940204FJ4</cusip>
        <identifiers>
          <isin value="US940204FJ47"/>
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        <balance>1090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1117604.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</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 MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2030</title>
        <cusip>13048V2F4</cusip>
        <identifiers>
          <isin value="US13048V2F44"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213195.62000000</valUSD>
        <pctVal>0.038637648320</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% MT</title>
        <cusip>13013JFD3</cusip>
        <identifiers>
          <isin value="US13013JFD37"/>
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        <balance>5075000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5373499.32000000</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>2055-02-01</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 4/1/2026</title>
        <cusip>924397EJ7</cusip>
        <identifiers>
          <isin value="US924397EJ72"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1013037.30000000</valUSD>
        <pctVal>0.183593729235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</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 CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2026</title>
        <cusip>544445PV5</cusip>
        <identifiers>
          <isin value="US544445PV55"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7140459.20000000</valUSD>
        <pctVal>1.294072323874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</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>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 10/1/2025</title>
        <cusip>13080SNY6</cusip>
        <identifiers>
          <isin value="US13080SNY62"/>
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        <balance>1010000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1014555.91000000</valUSD>
        <pctVal>0.183868948393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</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>CALIFORNIA ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
        <title>CA PUB WKS 5% 12/1/2029</title>
        <cusip>13068XGP8</cusip>
        <identifiers>
          <isin value="US13068XGP87"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5431882.50000000</valUSD>
        <pctVal>0.984425316762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</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>CERRITOS CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CERRITOS CA CCD 0% 8/1/2028</title>
        <cusip>156792FC2</cusip>
        <identifiers>
          <isin value="US156792FC29"/>
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        <balance>740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>671047.98000000</valUSD>
        <pctVal>0.121614674152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% 11/15/2025</title>
        <cusip>13032UBQ0</cusip>
        <identifiers>
          <isin value="US13032UBQ04"/>
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        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>680830.04000000</valUSD>
        <pctVal>0.123387486343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH AQUEDUCT and SWR AUTH REV</name>
        <lei>N/A</lei>
        <title>PR AQUEDUC 5% 7/1/2028</title>
        <cusip>745160UA7</cusip>
        <identifiers>
          <isin value="US745160UA75"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1534039.50000000</valUSD>
        <pctVal>0.278015461621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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 CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2030</title>
        <cusip>5444954J0</cusip>
        <identifiers>
          <isin value="US5444954J08"/>
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        <balance>580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>598374.63000000</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>2030-07-01</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>
      <invstOrSec>
        <name>TURLOCK CA</name>
        <lei>N/A</lei>
        <title>TURLOCK IRR DST 5% 1/1/2026 Q</title>
        <cusip>900190KQ1</cusip>
        <identifiers>
          <isin value="US900190KQ17"/>
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        <balance>4995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5063037.39000000</valUSD>
        <pctVal>0.917579160894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</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>
      <invstOrSec>
        <name>EASTERN MUN WTR DIST FING AUTH CA WTR and WASTEWATER REV</name>
        <lei>N/A</lei>
        <title>EASTERN MUN CA 5% 7/1/2027</title>
        <cusip>27677SBA0</cusip>
        <identifiers>
          <isin value="US27677SBA06"/>
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        <balance>255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267819.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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% 7/1/2031</title>
        <cusip>544532JB1</cusip>
        <identifiers>
          <isin value="US544532JB10"/>
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        <balance>1910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2058954.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</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 HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% 11/1/2025</title>
        <cusip>13032UYY8</cusip>
        <identifiers>
          <isin value="US13032UYY80"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>504229.75000000</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>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
        <title>UNIV CAL REV 5% 5/15/2029</title>
        <cusip>91412HPD9</cusip>
        <identifiers>
          <isin value="US91412HPD97"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5406800.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</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>
      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2026</title>
        <cusip>130179TF1</cusip>
        <identifiers>
          <isin value="US130179TF10"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>483829.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</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>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 9/1/2034</title>
        <cusip>13063EBZ8</cusip>
        <identifiers>
          <isin value="US13063EBZ88"/>
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        <balance>5335000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <title>CALIFORNIA CMY 5% 12/1/2031</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US13057EHC12"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KINGSBURG CALIF JT UN HIGH SCHDIST</name>
        <lei>N/A</lei>
        <title>KINGS CA 496206/FSA 0% 8/1/32</title>
        <cusip>496206DW0</cusip>
        <identifiers>
          <isin value="US496206DW01"/>
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        <curCd>USD</curCd>
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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>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% MT</title>
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          <isin value="US13032UP939"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SAN MATEO CNTY CALIF CMNTY COL DIST</name>
        <lei>N/A</lei>
        <title>SAN MATEO CA CC 0% I=NATL 9/1/2028</title>
        <cusip>799038GC2</cusip>
        <identifiers>
          <isin value="US799038GC29"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
        <title>UNIV CAL REV 5% 5/15/2028</title>
        <cusip>91412HNJ8</cusip>
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          <isin value="US91412HNJ85"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3186588.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</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 4% 7/1/2029</title>
        <cusip>785870C87</cusip>
        <identifiers>
          <isin value="US785870C877"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>260754.68000000</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>2029-07-01</maturityDt>
          <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>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117456.71000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA USD 4% 8/1/2027</title>
        <cusip>9523473V2</cusip>
        <identifiers>
          <isin value="US9523473V27"/>
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        <balance>650000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>EL CAMINO CA HOSP DIST</name>
        <lei>N/A</lei>
        <title>EL CAMINO CA HOSP DIST 0% 8/1/2029</title>
        <cusip>282731EB0</cusip>
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          <isin value="US282731EB03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% 11/1/2027</title>
        <cusip>13032UZA9</cusip>
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          <isin value="US13032UZA95"/>
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        <name>CALIFORNIA ST UNIV REV</name>
        <lei>N/A</lei>
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        <cusip>13077DSZ6</cusip>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532EJ90"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 10/1/26</title>
        <cusip>13048TV75</cusip>
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          <isin value="US13048TV752"/>
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        <name>BAY AREA TOLL AU CA BRIDGE REV</name>
        <lei>N/A</lei>
        <title>BATA CA 2% MT</title>
        <cusip>072024WY4</cusip>
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          <isin value="US072024WY47"/>
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        <balance>11900000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2056-04-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA MHSG 3.2% MT</title>
        <cusip>130483GH7</cusip>
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          <isin value="US130483GH71"/>
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        <balance>1355000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03200000</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>MONTEREY PENINSULA CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>MONTEREY PENSLA 0% 8/1/2032</title>
        <cusip>612574EK5</cusip>
        <identifiers>
          <isin value="US612574EK59"/>
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        <balance>545000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>417901.42000000</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>2032-08-01</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>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 5.625% 7/1/2027</title>
        <cusip>74514L3G0</cusip>
        <identifiers>
          <isin value="US74514L3G08"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>205248.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</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>
      <invstOrSec>
        <name>SAN MATEO CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MATEO CALIF UN HIGH SCH DIST CAP APPREC-SER C FGIC</title>
        <cusip>799017DH8</cusip>
        <identifiers>
          <isin value="US799017DH89"/>
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        <balance>6750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6125402.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2028</title>
        <cusip>359816CT0</cusip>
        <identifiers>
          <isin value="US359816CT09"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>236865.64000000</valUSD>
        <pctVal>0.042927388927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 11/1/2026</title>
        <cusip>13063DWL8</cusip>
        <identifiers>
          <isin value="US13063DWL80"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2063127.20000000</valUSD>
        <pctVal>0.373902536989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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 MUN FIN AUTH SR LIVING REV</name>
        <lei>N/A</lei>
        <title>CALIF CA 4% 11/15/2025</title>
        <cusip>13049RBA3</cusip>
        <identifiers>
          <isin value="US13049RBA32"/>
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        <balance>630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>627540.98000000</valUSD>
        <pctVal>0.113729858482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 4/1/2028</title>
        <cusip>924397EN8</cusip>
        <identifiers>
          <isin value="US924397EN84"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1561650.00000000</valUSD>
        <pctVal>0.283019339229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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 CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 5% 7/1/2033</title>
        <cusip>544525N87</cusip>
        <identifiers>
          <isin value="US544525N876"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53966.21000000</valUSD>
        <pctVal>0.009780348410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 4% 3/1/2027</title>
        <cusip>13032UGA0</cusip>
        <identifiers>
          <isin value="US13032UGA07"/>
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        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>476419.68000000</valUSD>
        <pctVal>0.086341999186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</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>
      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LA CA USD 5% 7/1/2028</title>
        <cusip>544647HK9</cusip>
        <identifiers>
          <isin value="US544647HK96"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2131596.20000000</valUSD>
        <pctVal>0.386311240052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2028</title>
        <cusip>130179TH7</cusip>
        <identifiers>
          <isin value="US130179TH75"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>398010.75000000</valUSD>
        <pctVal>0.072131873000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>FAIRFIELD CA CTFS PARTN</name>
        <lei>N/A</lei>
        <title>FAIRFLD WTR COP 0% 4/1/27</title>
        <cusip>304198FT6</cusip>
        <identifiers>
          <isin value="US304198FT67"/>
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        <balance>1850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1742123.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
        <title>CA PUB WKS 5% 10/1/2026</title>
        <cusip>13068XHY8</cusip>
        <identifiers>
          <isin value="US13068XHY85"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334157.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</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>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 9/1/2032</title>
        <cusip>13063EBX3</cusip>
        <identifiers>
          <isin value="US13063EBX31"/>
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        <balance>10070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11318350.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</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>CALIFORNIA CA TOB SECURITAZTN</name>
        <lei>N/A</lei>
        <title>CA CNTY TOBAC 5% 6/1/2026</title>
        <cusip>13016NEJ9</cusip>
        <identifiers>
          <isin value="US13016NEJ90"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506324.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</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>SACRAMENTO CALIF MUD ELEC REV</name>
        <lei>N/A</lei>
        <title>SAC MUD CA ELEC 5% 8/15/2049</title>
        <cusip>786005F52</cusip>
        <identifiers>
          <isin value="US786005F526"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6498876.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Variable</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>
      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2026</title>
        <cusip>940204FH8</cusip>
        <identifiers>
          <isin value="US940204FH80"/>
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        <balance>935000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>944887.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</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>
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      <invstOrSec>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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          <isin value="US544525N462"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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          <isin value="US95234AAZ84"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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        <cusip>13063EDE3</cusip>
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          <isin value="US13063EDE32"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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          <isin value="US797299KQ66"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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        <cusip>13063DWN4</cusip>
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          <isin value="US13063DWN47"/>
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        <balance>5000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <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>TENDER OPT BD TR RCPTS / CTFS VAR STS</name>
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        <cusip>88035G5B0</cusip>
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          <isin value="US88035G5B01"/>
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        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 6/1/28</title>
        <cusip>13048T2H5</cusip>
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          <isin value="US13048T2H53"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SANTA CLARA CA ELEC REV</name>
        <lei>N/A</lei>
        <title>SNTA CLRA ELE 5% 7/1/2032</title>
        <cusip>801444HM5</cusip>
        <identifiers>
          <isin value="US801444HM51"/>
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        <balance>1200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 5% 8/1/2032</title>
        <cusip>95234AAE5</cusip>
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          <isin value="US95234AAE55"/>
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        <balance>325000.00000000</balance>
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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>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>OAKLAND CA UNI SCH D ALAM CNTY</name>
        <lei>N/A</lei>
        <title>OAKLAND CA USD 5% 8/1/2026</title>
        <cusip>672325ZS9</cusip>
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          <isin value="US672325ZS94"/>
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        <balance>1725000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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        <name>RANCHO CUCAMONGA CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION</name>
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          <isin value="US75212CBQ15"/>
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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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        <name>SAN MATEO CNTY CALIF CMNTY COL DIST</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 2% 10/1/2036</title>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
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        <cusip>13080SA95</cusip>
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          <isin value="US13080SA959"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US13048VGA08"/>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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          <isin value="US786107SR47"/>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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          <isin value="US13080SA611"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532NP59"/>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
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          <isin value="US13034A5V86"/>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048VFX10"/>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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        <cusip>13049YBU4</cusip>
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          <isin value="US13049YBU47"/>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST CP</name>
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          <isin value="US544648XG83"/>
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          <maturityDt>2030-10-01</maturityDt>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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        <cusip>13063DU55</cusip>
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          <isin value="US13063DU559"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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      <invstOrSec>
        <name>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
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          <isin value="US915346FR63"/>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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          <isin value="US95234ABB08"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>CALIFORNIA ST</name>
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          <isin value="US13063CS357"/>
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        <name>FORT BRAGG CALIF UNI SCH DIST</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048VFY92"/>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH SR LIVING HEALTH FAC REV</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="US13048T3G61"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US13048VDH87"/>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 5% 8/1/2033</title>
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          <isin value="US95234AAF21"/>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
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          <isin value="US13034AN304"/>
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      <invstOrSec>
        <name>SUCCESSOR AGY PITTSBURG CALIF REDEV AGY</name>
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          <isin value="US86459LBN73"/>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% 12/1/2029</title>
        <cusip>13013JDW3</cusip>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
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          <isin value="US785870UP91"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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        <title>LA DWAP CA WTR 5% 7/1/2036</title>
        <cusip>544525YE2</cusip>
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          <isin value="US544525YE25"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
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          <isin value="US861398BR52"/>
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        <name>Fidelity Revere Street Trust</name>
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        <title>Fidelity Tax-Free Cash Central Fund</title>
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        <assetCat>STIV</assetCat>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2027</title>
        <cusip>130179TG9</cusip>
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          <isin value="US130179TG92"/>
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        <balance>475000.00000000</balance>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <title>CALIFORNIA HLTH 5% 5/15/2026</title>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
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        <securityLending>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <cusip>13013JEA0</cusip>
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          <isin value="US13013JEA07"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CA UNI SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US542433GW12"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532HK37"/>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
        <lei>N/A</lei>
        <title>SACRAMENTO TRAN 5% 6/1/2026</title>
        <cusip>786073AG1</cusip>
        <identifiers>
          <isin value="US786073AG16"/>
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        <balance>900000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 4% 8/1/2029</title>
        <cusip>95234ABL8</cusip>
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          <isin value="US95234ABL89"/>
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        <balance>360000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SANTA CLARA CA ELEC REV</name>
        <lei>N/A</lei>
        <title>SNTA CLRA ELE 5% 7/1/2033</title>
        <cusip>801444HN3</cusip>
        <identifiers>
          <isin value="US801444HN35"/>
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        <balance>600000.00000000</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>2033-07-01</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% 7/1/2028</title>
        <cusip>786107TL6</cusip>
        <identifiers>
          <isin value="US786107TL67"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>745371.62000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTHERN CA PUB PWR AUTH PROJ</name>
        <lei>N/A</lei>
        <title>SCAPPA SOFT PUTS 0.65% MT</title>
        <cusip>842475P33</cusip>
        <identifiers>
          <isin value="US842475P332"/>
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        <balance>7325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7309821.14000000</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>Variable</couponKind>
          <annualizedRt>0.00650000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>PR AFICA HOSP 5% 7/1/2027</title>
        <cusip>74527EFH6</cusip>
        <identifiers>
          <isin value="US74527EFH62"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST CP</name>
        <lei>N/A</lei>
        <title>LA CA USD COP 5% 10/1/2030 PRE</title>
        <cusip>544648WS3</cusip>
        <identifiers>
          <isin value="US544648WS31"/>
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        <balance>2975000.00000000</balance>
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        <valUSD>3276635.25000000</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>2030-10-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
        <title>CA PUB WKS 5% 11/1/2027</title>
        <cusip>13068XDN6</cusip>
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          <isin value="US13068XDN66"/>
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        <balance>3555000.00000000</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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>95234ABP9</cusip>
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          <isin value="US95234ABP93"/>
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        <balance>500000.00000000</balance>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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        <title>MONTEBELLO HOME2 SUITES HILTON</title>
        <cusip>612286DG6</cusip>
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          <isin value="US612286DG63"/>
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        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2027</title>
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          <isin value="US359816CS26"/>
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        <balance>230000.00000000</balance>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
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        <cusip>544532EK6</cusip>
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          <isin value="US544532EK63"/>
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        <balance>195000.00000000</balance>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 7/1/2029</title>
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          <isin value="US785870F847"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LA CA USD 2% 7/1/2029</title>
        <cusip>5446464X7</cusip>
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          <isin value="US5446464X73"/>
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        <balance>465000.00000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA MUN FIN AUT 5% 5/15/2028</title>
        <cusip>13049YEZ0</cusip>
        <identifiers>
          <isin value="US13049YEZ07"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>394405.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
        <title>UPLAND CA COP 5% 1/1/2026</title>
        <cusip>915346FP0</cusip>
        <identifiers>
          <isin value="US915346FP08"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>504019.30000000</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>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
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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 5% 11/1/2027</title>
        <cusip>13032UZR2</cusip>
        <identifiers>
          <isin value="US13032UZR21"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>633434.34000000</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>2027-11-01</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>
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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% 7/1/2025</title>
        <cusip>940204GD6</cusip>
        <identifiers>
          <isin value="US940204GD67"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200147.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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 STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 4/1/2031</title>
        <cusip>13080SB37</cusip>
        <identifiers>
          <isin value="US13080SB379"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>478938.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/25</title>
        <cusip>13080SST2</cusip>
        <identifiers>
          <isin value="US13080SST23"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>625923.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 0% 7/1/2027</title>
        <cusip>785870RL2</cusip>
        <identifiers>
          <isin value="US785870RL25"/>
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        <balance>1455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1364551.96000000</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>2027-07-01</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>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 4% 7/1/2029</title>
        <cusip>544525ZP6</cusip>
        <identifiers>
          <isin value="US544525ZP62"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>665881.38000000</valUSD>
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        <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>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
        <title>CA PUB WKS 5% 11/1/2028</title>
        <cusip>13068XDP1</cusip>
        <identifiers>
          <isin value="US13068XDP15"/>
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        <balance>3745000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4002748.88000000</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <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>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1601678.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTMINSTER SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WESTMINSTER SCH 0% 8/1/2025</title>
        <cusip>960621AW0</cusip>
        <identifiers>
          <isin value="US960621AW06"/>
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        <balance>925000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH SR LIVING HEALTH FAC REV</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13081KAG5</cusip>
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          <isin value="US13081KAG58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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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% 7/1/2034</title>
        <cusip>544525R83</cusip>
        <identifiers>
          <isin value="US544525R836"/>
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        <balance>255000.00000000</balance>
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        <valUSD>275758.05000000</valUSD>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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        <title>MONTEBELLO HOME2 SUITES HILTON</title>
        <cusip>612286DJ0</cusip>
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          <isin value="US612286DJ03"/>
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        <balance>1560000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2032</title>
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          <isin value="US13048V2H00"/>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA USD 4% 8/1/2025</title>
        <cusip>9523473T7</cusip>
        <identifiers>
          <isin value="US9523473T70"/>
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        <balance>500000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2025-08-01</maturityDt>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 4% 8/1/2030</title>
        <cusip>95234ABM6</cusip>
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          <isin value="US95234ABM62"/>
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        <balance>850000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 8/1/2025</title>
        <cusip>924397ER9</cusip>
        <identifiers>
          <isin value="US924397ER98"/>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>CALIFORNIA ST</name>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH LEASEREV</name>
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          <isin value="US13049UCQ04"/>
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      <invstOrSec>
        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
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          <isin value="US287254DP87"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048VDJ44"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>13048V2D9</cusip>
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          <isin value="US13048V2D95"/>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532NL46"/>
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      <invstOrSec>
        <name>SANTA MONICA CA CMNTY COLLEGE DIST</name>
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          <isin value="US802385EA81"/>
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        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>CALIFORNIA ST</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
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      <invstOrSec>
        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
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          <isin value="US03667PLB66"/>
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          <maturityDt>2031-08-01</maturityDt>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
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        <cusip>74527EFJ2</cusip>
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          <isin value="US74527EFJ29"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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          <isin value="US612286DH47"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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          <isin value="US785870F508"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MIDDLE FORK PROJECT FINANCE AUTHORITY</name>
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          <isin value="US59572CAL19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 4% 12/31/2049</title>
        <cusip>13080SLH5</cusip>
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          <isin value="US13080SLH57"/>
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        <balance>245233.03000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% 12/1/2032</title>
        <cusip>13013JDZ6</cusip>
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          <isin value="US13013JDZ66"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN LORENZO VALLEY CA UNI SCH DIST SANTA CRUZ CNTY</name>
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          <isin value="US798543EX83"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
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        <cusip>13080SA79</cusip>
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          <isin value="US13080SA793"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 4% 11/1/2026</title>
        <cusip>13048TF81</cusip>
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          <isin value="US13048TF813"/>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T4T73"/>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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      <invstOrSec>
        <name>GOLDEN ST TOB SECURTZN CORP CALIF TOB SETTLEMENT REV</name>
        <lei>N/A</lei>
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        <cusip>38122NZA3</cusip>
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          <isin value="US38122NZA35"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
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        <cusip>924397EV0</cusip>
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          <isin value="US924397EV01"/>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
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        <cusip>74527EFF0</cusip>
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          <isin value="US74527EFF07"/>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <cusip>13080SR55</cusip>
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          <isin value="US13080SR557"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 3/1/2032</title>
        <cusip>13063ELV6</cusip>
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          <isin value="US13063ELV64"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2032-03-01</maturityDt>
          <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% 12/1/2028</title>
        <cusip>13013JDV5</cusip>
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          <isin value="US13013JDV52"/>
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      <invstOrSec>
        <name>PALMDALE CALIF SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>696735JH3</cusip>
        <identifiers>
          <isin value="US696735JH33"/>
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        <balance>1400000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5.5% MT</title>
        <cusip>13013JDD5</cusip>
        <identifiers>
          <isin value="US13013JDD54"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONOMIC DEV BK LEASE REV</name>
        <lei>N/A</lei>
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        <cusip>13034RAE3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA MUN FIN AUT 5% 5/15/2029</title>
        <cusip>13049YFA4</cusip>
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          <isin value="US13049YFA47"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% 11/1/2026</title>
        <cusip>13032UYZ5</cusip>
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        <name>GOLDEN ST TOB SECURTZN CORP CALIF TOB SETTLEMENT REV</name>
        <lei>N/A</lei>
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        <cusip>38122NGL0</cusip>
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          <isin value="US38122NGL01"/>
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        <name>MT DIABLO CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
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        <name>NEWPORTIMESA CA UNI SCH DIST</name>
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        <name>PALOMAR CALIF CMNTY COLLEGE DIST</name>
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        <name>COAST COMMUNIT COLLEGE DIST CA</name>
        <lei>N/A</lei>
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        <name>SOUTHERN CA PUB PWR AUTH</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EASTERN MUN WTR DIST FING AUTH CA WTR and WASTEWATER REV</name>
        <lei>N/A</lei>
        <title>EASTERN MUN CA 5% 7/1/2026</title>
        <cusip>27677SAZ6</cusip>
        <identifiers>
          <isin value="US27677SAZ65"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>256426.10000000</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>2026-07-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PALM SPRINGS CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>PALM SPRING USD 1.25% 8/1/2030</title>
        <cusip>6966674Z4</cusip>
        <identifiers>
          <isin value="US6966674Z40"/>
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        <balance>1895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1638288.52000000</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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01250000</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>CALIFORNIA HSG FIN AGY AFFORDABLE HSG REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA AGY 3.6% MT</title>
        <cusip>13032WBB9</cusip>
        <identifiers>
          <isin value="US13032WBB90"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2504697.00000000</valUSD>
        <pctVal>0.453928658732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03600000</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>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% MT</title>
        <cusip>13032UUP1</cusip>
        <identifiers>
          <isin value="US13032UUP10"/>
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        <balance>5625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5787624.38000000</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>2039-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIO HONDO CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>RIO HONDO CA 0% 8/1/2029</title>
        <cusip>767121CZ7</cusip>
        <identifiers>
          <isin value="US767121CZ70"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1564535.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</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>
      <invstOrSec>
        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
        <lei>N/A</lei>
        <title>STOCKTON CALIF 5% 10/1/2027</title>
        <cusip>861398BS3</cusip>
        <identifiers>
          <isin value="US861398BS36"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1049662.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</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>LOS ANGELES CNTY CA PUB WKS</name>
        <lei>N/A</lei>
        <title>LA PUB LEASE RV 5% 12/1/2027</title>
        <cusip>54473EWW0</cusip>
        <identifiers>
          <isin value="US54473EWW01"/>
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        <balance>1875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1977037.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</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>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 2/1/2030</title>
        <cusip>13080SLJ1</cusip>
        <identifiers>
          <isin value="US13080SLJ14"/>
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        <balance>52177.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44350.65000000</valUSD>
        <pctVal>0.008037711175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COAST COMMUNIT COLLEGE DIST CA</name>
        <lei>N/A</lei>
        <title>COAST CCD CA 0% 8/1/2035</title>
        <cusip>190335GZ6</cusip>
        <identifiers>
          <isin value="US190335GZ65"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193232.70000000</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>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2031</title>
        <cusip>544532PC2</cusip>
        <identifiers>
          <isin value="US544532PC29"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1616979.75000000</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>2031-07-01</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>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/2027</title>
        <cusip>786107TK8</cusip>
        <identifiers>
          <isin value="US786107TK84"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>867252.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</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>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 5% 7/1/2029</title>
        <cusip>544525W79</cusip>
        <identifiers>
          <isin value="US544525W794"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3168670.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LONGBEACH CA SD 0% 8/1/2029</title>
        <cusip>542433QD2</cusip>
        <identifiers>
          <isin value="US542433QD21"/>
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        <balance>1915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1630610.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2026</title>
        <cusip>359816CR4</cusip>
        <identifiers>
          <isin value="US359816CR43"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>211282.09000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST UNIV REV</name>
        <lei>N/A</lei>
        <title>CA ST UNIV REV 1.6% MT</title>
        <cusip>13077DGF3</cusip>
        <identifiers>
          <isin value="US13077DGF33"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508997.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.01600000</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% 7/1/2026</title>
        <cusip>13048T3Y7</cusip>
        <identifiers>
          <isin value="US13048T3Y77"/>
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        <balance>1065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1076374.84000000</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>2026-07-01</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>EVERGREEN CALIF ELEM SCH DIST</name>
        <lei>N/A</lei>
        <title>EVERGREEN ESD 0% 8/1/2027</title>
        <cusip>300189CU9</cusip>
        <identifiers>
          <isin value="US300189CU90"/>
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        <balance>1240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1159342.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
        <title>UNIV CAL REV 5% 5/15/2033</title>
        <cusip>91412HSK0</cusip>
        <identifiers>
          <isin value="US91412HSK04"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <name>BAY AREA TOLL AU CA BRIDGE REV</name>
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          <isin value="US072024VU34"/>
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        <name>NAPA VALLEY CA UNI SCH DIST</name>
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        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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          <isin value="US797257AJ18"/>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
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        <cusip>13049YAU5</cusip>
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          <isin value="US13049YAU55"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <cusip>13048TY49</cusip>
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          <isin value="US13048TY491"/>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% 7/1/2032</title>
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          <isin value="US13032UF609"/>
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        <name>PALOMAR POMERADO HEALTH CALIF</name>
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          <isin value="US69753RCV42"/>
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        <name>ANAHEIM CALIF CITY SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US03254CEL00"/>
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        <name>SAN JOAQUIN HILLS CA TRANSN CORRIDOR AGY TOLL RD REV</name>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T3H45"/>
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        <name>VERNON CALIF ELEC SYS REV</name>
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          <isin value="US924397ES71"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>POWAY CA UNIFIED SCH DIST</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048V2E78"/>
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        <name>LOS ANGELES CNTY CA PUB WKS</name>
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          <isin value="US54473EWX83"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048TY566"/>
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        <name>LOS ANGELES CNTY CA PUB WKS</name>
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          <isin value="US54473EVA99"/>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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          <isin value="US13049YFB20"/>
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      <invstOrSec>
        <name>BAY AREA WTR SUPPLY and CONSV AGY CALIF REV</name>
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          <isin value="US072031BV87"/>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <cusip>13032UYQ5</cusip>
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          <isin value="US13032UYQ56"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532JZ87"/>
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        <name>SAN LORENZO VALLEY CA UNI SCH DIST SANTA CRUZ CNTY</name>
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          <isin value="US798543EY66"/>
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        <name>CALIFORNIA ST</name>
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        <name>CALIFORNIA HSG FIN AGY AFFORDABLE HSG REV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T3Z43"/>
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        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
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        <name>SAN DIEGO CA UNI SCH DIST</name>
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        <name>PASADENA CALIF INO SCH DIST</name>
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          <isin value="US702282RA41"/>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>13048V2C1</cusip>
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          <isin value="US13048V2C13"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375391.55000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
        <lei>N/A</lei>
        <title>STOCKTON CALIF 5% 10/1/2025</title>
        <cusip>861398BQ7</cusip>
        <identifiers>
          <isin value="US861398BQ79"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>754614.68000000</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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      </invstOrSec>
      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA USD 4% 08/01/25</title>
        <cusip>9523472U5</cusip>
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          <isin value="US9523472U52"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400512.56000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 3/1/2031</title>
        <cusip>13063ELU8</cusip>
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          <isin value="US13063ELU81"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2215879.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CNTY CA PUB WKS</name>
        <lei>N/A</lei>
        <title>LA PUB LEASE RV 5% 12/1/2026</title>
        <cusip>54473EWV2</cusip>
        <identifiers>
          <isin value="US54473EWV28"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1808723.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ACTON-AGUA DULCE UNI SCH DIST CALIF</name>
        <lei>N/A</lei>
        <title>ACTON-AGUA DULC 0% 8/1/2032</title>
        <cusip>00507TAL8</cusip>
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          <isin value="US00507TAL89"/>
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        <balance>1795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1397862.53000000</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>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 12/1/2029</title>
        <cusip>13080SR63</cusip>
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          <isin value="US13080SR631"/>
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        <balance>1240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1343243.14000000</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>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 11/1/2030</title>
        <cusip>13063DWS3</cusip>
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          <isin value="US13063DWS34"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1169779.32000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ROBLA CA SCH DIST</name>
        <lei>N/A</lei>
        <title>ROBLA CA SCH DT 0% 8/1/2031</title>
        <cusip>771027GM5</cusip>
        <identifiers>
          <isin value="US771027GM52"/>
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        <balance>2235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1791419.33000000</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>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA MHSG 5% 6/1/2056 MT</title>
        <cusip>130483HC7</cusip>
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          <isin value="US130483HC75"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 12/1/2030</title>
        <cusip>13080SR71</cusip>
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          <isin value="US13080SR714"/>
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        <balance>1250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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      <invstOrSec>
        <name>PLACENTIA-YORBA LINDA CA USD</name>
        <lei>N/A</lei>
        <title>PLC-YRBA LND CA 0% 8/1/2027</title>
        <cusip>725894CL1</cusip>
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          <isin value="US725894CL12"/>
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        <balance>1905000.00000000</balance>
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        <name>MOUNTAIN VIEW CALIF SCH DIST SCH FACS IMPT DIST NO 2 SAN BERNARDINO CNTY</name>
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          <isin value="US62440CAY75"/>
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        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
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          <isin value="US91412HNK58"/>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% MT</title>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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          <isin value="US13013JDX19"/>
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      <invstOrSec>
        <name>CALIFORNIA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US130175V337"/>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>BAY AREA WTR SUPPLY and CONSV AGY CALIF REV</name>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST CP</name>
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        <name>CALIFORNIA ST</name>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST CP</name>
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        <name>NAPA VALLEY CA CMNTY COLLEGE DIST</name>
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        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AZUSA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% 11/1/2026</title>
        <cusip>13032UZQ4</cusip>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
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        <cusip>544525WX2</cusip>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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        <name>TOBACCO SECURITIZATION SOUTH CA TOB SETTLEMENT REV</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
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        <name>GOLDEN ST TOB SECURTZN CORP CALIF TOB SETTLEMENT REV</name>
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        <name>OAKLAND CA UNI SCH D ALAM CNTY</name>
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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% 7/1/2032</title>
        <cusip>544525E61</cusip>
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          <isin value="US544525E610"/>
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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>
        <cusip>13013JFS0</cusip>
        <identifiers>
          <isin value="US13013JFS06"/>
        </identifiers>
        <balance>1520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1562803.20000000</valUSD>
        <pctVal>0.283228334780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Variable</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 FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2028</title>
        <cusip>13048VFZ6</cusip>
        <identifiers>
          <isin value="US13048VFZ67"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2119919.00000000</valUSD>
        <pctVal>0.384194969807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 5% 7/1/2033</title>
        <cusip>544525R75</cusip>
        <identifiers>
          <isin value="US544525R752"/>
        </identifiers>
        <balance>135000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>147009.09000000</valUSD>
        <pctVal>0.026642599502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>LOS ANGELES CNTY CA PUB WKS</name>
        <lei>N/A</lei>
        <title>LA PUB LEASE RV 5% 12/1/2025</title>
        <cusip>54473EWU4</cusip>
        <identifiers>
          <isin value="US54473EWU45"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1515858.00000000</valUSD>
        <pctVal>0.274720410799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</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>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2035</title>
        <cusip>544532KF0</cusip>
        <identifiers>
          <isin value="US544532KF05"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134522.99000000</valUSD>
        <pctVal>0.024379731528</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>BAY AREA TOLL AU CA BRIDGE REV</name>
        <lei>N/A</lei>
        <title>BATA CA 2.95% SER A 4/1/47 MT</title>
        <cusip>072024UJ9</cusip>
        <identifiers>
          <isin value="US072024UJ97"/>
        </identifiers>
        <balance>1785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1777684.53000000</valUSD>
        <pctVal>0.322171485953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02950000</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 CNTY CALIF DEV AUTH MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>LA County Housing 3.75% 12/1/2026 MT</title>
        <cusip>54467WAH5</cusip>
        <identifiers>
          <isin value="US54467WAH51"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3005089.80000000</valUSD>
        <pctVal>0.544615329632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03750000</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>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA MUN FIN AUT 5% 5/15/2027</title>
        <cusip>13049YAV3</cusip>
        <identifiers>
          <isin value="US13049YAV39"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3086726.40000000</valUSD>
        <pctVal>0.559410409573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</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 ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
        <title>CA PUB WKS 4% 11/1/2026</title>
        <cusip>13068XDM8</cusip>
        <identifiers>
          <isin value="US13068XDM83"/>
        </identifiers>
        <balance>2905000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2952219.61000000</valUSD>
        <pctVal>0.535033613986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</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>2025-06-30</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>
