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          <isin value="US616871NA36"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN MARCOS CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MARCOS USD 0% 8/1/35</title>
        <cusip>798755DD3</cusip>
        <identifiers>
          <isin value="US798755DD32"/>
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        <balance>3675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2506706.11000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SHASTA CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>SHASTA CALIF UN HIGH SCH DIST CAP APPREC-ELECTION 2001 INSURER MBIA</title>
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          <isin value="US820174EN67"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
        <title>CA PUB WKS 4% 4/1/2033</title>
        <cusip>13068LZU2</cusip>
        <identifiers>
          <isin value="US13068LZU24"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1654111.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LAMMERSVILLE CALIF SCHS FIN AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>LAMMERSVILE CA 3% 10/1/2049</title>
        <cusip>513540AR5</cusip>
        <identifiers>
          <isin value="US513540AR57"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2187365.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 5% 7/1/2030</title>
        <cusip>544525E46</cusip>
        <identifiers>
          <isin value="US544525E461"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2562684.96000000</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>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2032</title>
        <cusip>13048T4Z3</cusip>
        <identifiers>
          <isin value="US13048T4Z34"/>
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        <balance>1385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1405102.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <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>CALIFORNIA ST UNREFUNDED BALANCE</title>
        <cusip>13062T4E1</cusip>
        <identifiers>
          <isin value="US13062T4E14"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5008.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5.5% 4/1/30</title>
        <cusip>13062T4F8</cusip>
        <identifiers>
          <isin value="US13062T4F88"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25046.39000000</valUSD>
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        <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>0.05500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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        <title>SAN FRAN ARPT 5% 1/1/2047@</title>
        <cusip>79766DNT2</cusip>
        <identifiers>
          <isin value="US79766DNT27"/>
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        <balance>6005000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5905730.74000000</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>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 5% 8/1/2041</title>
        <cusip>95234ACS2</cusip>
        <identifiers>
          <isin value="US95234ACS24"/>
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        <balance>3655000.00000000</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>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LA CA USD 3% 7/1/2035</title>
        <cusip>544647DF4</cusip>
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          <isin value="US544647DF48"/>
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        <balance>4040000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
        <title>UNIV CAL REV 5% 5/15/2032</title>
        <cusip>91412HTS2</cusip>
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          <isin value="US91412HTS21"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-05-15</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CA TOB SECURITAZTN</name>
        <lei>N/A</lei>
        <title>CA CNTY TOBAC 5% 6/1/2031</title>
        <cusip>13016NEP5</cusip>
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          <isin value="US13016NEP50"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2031 AMT</title>
        <cusip>544445FB0</cusip>
        <identifiers>
          <isin value="US544445FB02"/>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONICA CA 4% 7/1/2038</title>
        <cusip>802498RE7</cusip>
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          <isin value="US802498RE78"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST UNREFUNDED BALANCE-2007</title>
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          <isin value="US13062TU516"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
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          <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% 07/01/35</title>
        <cusip>13080STD6</cusip>
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          <isin value="US13080STD61"/>
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        <balance>925000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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        <cusip>13063ECL8</cusip>
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          <isin value="US13063ECL83"/>
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        <curCd>USD</curCd>
        <valUSD>3626065.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2034</title>
        <cusip>544532MG6</cusip>
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          <isin value="US544532MG69"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ABC CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>A B C CALIF UNI SCH DIST CAP APPREC</title>
        <cusip>000416L54</cusip>
        <identifiers>
          <isin value="US000416L549"/>
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        <balance>3900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3020084.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 4% 5/15/49@</title>
        <cusip>544445NV7</cusip>
        <identifiers>
          <isin value="US544445NV73"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4308773.50000000</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>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2029</title>
        <cusip>940204FL9</cusip>
        <identifiers>
          <isin value="US940204FL92"/>
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        <balance>1120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1161388.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</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>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2048</title>
        <cusip>544532NW0</cusip>
        <identifiers>
          <isin value="US544532NW01"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>854209.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 8/1/2041</title>
        <cusip>924397FH0</cusip>
        <identifiers>
          <isin value="US924397FH08"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>425504.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</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>CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA STWD STUDENT 5% 5/15/2034</title>
        <cusip>13078RGG9</cusip>
        <identifiers>
          <isin value="US13078RGG92"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1259008.13000000</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>2034-05-15</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>LINDSAY CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LINDS CA 0% 8/1/2033</title>
        <cusip>535545CD7</cusip>
        <identifiers>
          <isin value="US535545CD75"/>
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        <balance>715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>527748.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONICA CA 4% 7/1/2039</title>
        <cusip>802498RF4</cusip>
        <identifiers>
          <isin value="US802498RF44"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>541587.20000000</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>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>BURBANK CA ARPT 5% 7/1/2037 @</title>
        <cusip>120827DV9</cusip>
        <identifiers>
          <isin value="US120827DV98"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7303046.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/2034</title>
        <cusip>798136WM5</cusip>
        <identifiers>
          <isin value="US798136WM53"/>
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        <balance>500000.00000000</balance>
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        <valUSD>513441.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>EL RANCHO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>ELRANCHO CA USD 3% 8/1/2046</title>
        <cusip>283839ZL5</cusip>
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          <isin value="US283839ZL54"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2030</title>
        <cusip>940204GJ3</cusip>
        <identifiers>
          <isin value="US940204GJ38"/>
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        <balance>300000.00000000</balance>
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        <valUSD>319048.71000000</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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONICA CA 4% 7/1/2036</title>
        <cusip>802498RC1</cusip>
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          <isin value="US802498RC13"/>
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        <balance>435000.00000000</balance>
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        <valUSD>434319.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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      <invstOrSec>
        <name>PORT OAKLAND CALIF REV</name>
        <lei>N/A</lei>
        <title>PORT OAKLAND CA 5% 5/1/2028 @</title>
        <cusip>735000UY5</cusip>
        <identifiers>
          <isin value="US735000UY56"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21188.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LONGBEACH CA SD 5.25% 8/1/2033</title>
        <cusip>542433SL2</cusip>
        <identifiers>
          <isin value="US542433SL29"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>411416.67000000</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>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 4% 5/15/32</title>
        <cusip>13048TZ22</cusip>
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          <isin value="US13048TZ225"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 3% 10/1/2041</title>
        <cusip>13032UFM5</cusip>
        <identifiers>
          <isin value="US13032UFM53"/>
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        <valUSD>396610.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2034</title>
        <cusip>13048T4H3</cusip>
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          <isin value="US13048T4H36"/>
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        <curCd>USD</curCd>
        <valUSD>1407266.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2035</title>
        <cusip>544532PG3</cusip>
        <identifiers>
          <isin value="US544532PG33"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1094376.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2032</title>
        <cusip>940204FP0</cusip>
        <identifiers>
          <isin value="US940204FP07"/>
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        <balance>890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>913022.25000000</valUSD>
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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>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2037</title>
        <cusip>13048VGG7</cusip>
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          <isin value="US13048VGG77"/>
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        <curCd>USD</curCd>
        <valUSD>1546885.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2038</title>
        <cusip>13048V2P2</cusip>
        <identifiers>
          <isin value="US13048V2P26"/>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>529882.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>CHICO CA USD 3% 8/1/2040</title>
        <cusip>168520PW8</cusip>
        <identifiers>
          <isin value="US168520PW84"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>493159.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH AQUEDUCT and SWR AUTH REV</name>
        <lei>N/A</lei>
        <title>PR AQUEDUC 5% 7/1/2037</title>
        <cusip>745160TG6</cusip>
        <identifiers>
          <isin value="US745160TG64"/>
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        <balance>3690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3730893.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 4% 5/15/30</title>
        <cusip>13048TY80</cusip>
        <identifiers>
          <isin value="US13048TY806"/>
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        <balance>1575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1596651.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and CNTY</name>
        <lei>N/A</lei>
        <title>SAN FRAN C and C 2% 6/15/2035</title>
        <cusip>7976467W0</cusip>
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          <isin value="US7976467W00"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>806800.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GLENDALE CA WTR REV</name>
        <lei>N/A</lei>
        <title>GLENDALE CA WTR 2% 2/1/2031</title>
        <cusip>378478CQ2</cusip>
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          <isin value="US378478CQ27"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5% 8/1/2040</title>
        <cusip>616871MW6</cusip>
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          <isin value="US616871MW64"/>
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        <balance>775000.00000000</balance>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2036</title>
        <cusip>13048T4K6</cusip>
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          <isin value="US13048T4K64"/>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CA PU 5% 10/15/31</title>
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          <isin value="US797299LP74"/>
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        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>POWAY CALIF UNI SCH DIST CAP APPREC-SCH FACS IMPT</title>
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          <isin value="US738850RD02"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>MENDOTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MENDOTA CA UNI 3.375% 8/1/2048</title>
        <cusip>586752DE4</cusip>
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          <isin value="US586752DE41"/>
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        <balance>1300000.00000000</balance>
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        <valUSD>977253.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03375000</annualizedRt>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>ALAMEDA CORRIDOR TRAN A CA RV</name>
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        <name>CA EDL FACS AUTH REV</name>
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        <name>UPLAND CA CTFS PARTN</name>
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        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>NORWALK LA MIRADA CA UNI SCH</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>CALIFORNIA PUB FIN AUTH REV</name>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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      <invstOrSec>
        <name>SAN DIEGO CA UNI SCH DIST</name>
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          <isin value="US797355N757"/>
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        <name>SAN JACINTO CA UNI SCH DIST</name>
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          <isin value="US797848GW29"/>
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        <name>MENDOCINO-LAKE CMNTY COLLEGE DIST CALIF</name>
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          <isin value="US58661PDN96"/>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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      <invstOrSec>
        <name>ALAMEDA CORRIDOR TRAN A CA RV</name>
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        <title>ACTA CA RV 0% 10/1/2053</title>
        <cusip>010869MM4</cusip>
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          <isin value="US010869MM41"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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          <isin value="US79739GGH39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <title>WA TWP CA HC 5% 7/1/2032</title>
        <cusip>940204EV8</cusip>
        <identifiers>
          <isin value="US940204EV83"/>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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          <isin value="US13049YCC30"/>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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          <isin value="US802498RD95"/>
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        <name>LONG BEACH CA CMNTY COLLEGE</name>
        <lei>N/A</lei>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <name>HUNTINGTON BEACH CALIF UN HIGH SCH DIST CTFS PARTN</name>
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        <name>CALIFORNIA MUN FIN AUTH SR LIVING REV</name>
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        <title>CALIF CA 5% 11/15/2039</title>
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        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 5% 7/1/2041 @</title>
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          <isin value="US358100FM26"/>
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        <name>CALIFORNIA ST UNIV REV</name>
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        <name>PORT OAKLAND CALIF REV</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>TEMECULA VY CA UNI SCH DIST</name>
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        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
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        <name>CALIFORNIA ST</name>
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        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
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        <name>POWAY CA UNIFIED SCH DIST</name>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>130179QA5</cusip>
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          <isin value="US130179QA59"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2042</title>
        <cusip>702274DM0</cusip>
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          <isin value="US702274DM01"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>YOSEMITE CCD CALIFORNIA</name>
        <lei>N/A</lei>
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        <cusip>987388DN2</cusip>
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          <isin value="US987388DN26"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/2030 @</title>
        <cusip>798136XA0</cusip>
        <identifiers>
          <isin value="US798136XA07"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2030</title>
        <cusip>940204FM7</cusip>
        <identifiers>
          <isin value="US940204FM75"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2031@</title>
        <cusip>542424UV6</cusip>
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          <isin value="US542424UV65"/>
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        <curCd>USD</curCd>
        <valUSD>2449300.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CA TOB SECURITAZTN</name>
        <lei>N/A</lei>
        <title>CA CNTY TOBAC 5% 6/1/2029</title>
        <cusip>13016NEM2</cusip>
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          <isin value="US13016NEM20"/>
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        <curCd>USD</curCd>
        <valUSD>523026.95000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 8/15/30</title>
        <cusip>13048T3M3</cusip>
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          <isin value="US13048T3M30"/>
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        <balance>225000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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        <cusip>544525N61</cusip>
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          <isin value="US544525N611"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <cusip>13032UP93</cusip>
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          <isin value="US13032UP939"/>
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        <balance>15265000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-01</maturityDt>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA MUN FIN AUT 5% 5/15/2034</title>
        <cusip>13049YBC4</cusip>
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          <isin value="US13049YBC49"/>
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        <balance>10000000.00000000</balance>
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        <name>EASTERN MUN WTR DIST FING AUTH CA WTR and WASTEWATER REV</name>
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        <cusip>27677SBD4</cusip>
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          <isin value="US27677SBD45"/>
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        <name>POWAY CALIF UNI SCH DIST PUB FING AUTH SPL TAX REV</name>
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          <isin value="US73885QGC78"/>
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        <name>LONG BEACH CA UNI SCH DIST</name>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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          <isin value="US544445GX13"/>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5.75% 7/1/2048</title>
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          <isin value="US940204GX22"/>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
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      <invstOrSec>
        <name>BRISBANE CALIF SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SANTA CLARA CNTY CA FING LEASE</name>
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          <isin value="US801577NF02"/>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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          <isin value="US13080SC443"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T4B65"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LONG BEACH CA CMNTY COLLEGE</name>
        <lei>N/A</lei>
        <title>LONGBEACH CA CC 3% 8/1/2036</title>
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          <isin value="US542411MX84"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2033</title>
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          <isin value="US13048V2J65"/>
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      <invstOrSec>
        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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        <title>SAN DIEGO CALI 5% 7/1/2034</title>
        <cusip>797257AS1</cusip>
        <identifiers>
          <isin value="US797257AS17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA STWD STUDENT 5% 5/15/2047</title>
        <cusip>13078RHF0</cusip>
        <identifiers>
          <isin value="US13078RHF01"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <cusip>13048T3L5</cusip>
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          <isin value="US13048T3L56"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
        <title>UPLAND CA COP 5% 1/1/2032</title>
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          <isin value="US915346FV75"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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          <isin value="US358233CR32"/>
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        <name>LOS RIOS CA CMNTY COLLEGE DIST</name>
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          <isin value="US545624RB65"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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          <isin value="US13080SWM24"/>
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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="US62440CBP59"/>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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          <isin value="US861419G608"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5% 7/1/2031</title>
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          <isin value="US544532EJ90"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>13048TV75</cusip>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SANTA BARBARA CALIF FING AUTHREV</name>
        <lei>N/A</lei>
        <title>SANTA CA 5% 4/1/2036Q</title>
        <cusip>801262BH8</cusip>
        <identifiers>
          <isin value="US801262BH87"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
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        <cusip>13080SC77</cusip>
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          <isin value="US13080SC773"/>
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        <curCd>USD</curCd>
        <valUSD>2132322.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SANTA CLARA CNTY CA FING LEASE</name>
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          <isin value="US801577QU42"/>
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        <balance>3225000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>BAY AREA TOLL AU CA BRIDGE REV</name>
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        <title>BATA CA 2% MT</title>
        <cusip>072024WY4</cusip>
        <identifiers>
          <isin value="US072024WY47"/>
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        <balance>17000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16270938.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>RIVERSIDE CNTY CALIF TRANSN COMMN TOLL REV</name>
        <lei>5493003G0IESJS57M350</lei>
        <title>RIVERSD CA TOLL 4% 6/1/2046</title>
        <cusip>76912DAZ1</cusip>
        <identifiers>
          <isin value="US76912DAZ15"/>
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        <balance>6400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5703949.44000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 6/1/2039</title>
        <cusip>13080SWN0</cusip>
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          <isin value="US13080SWN07"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 6/1/35</title>
        <cusip>13048T2Q5</cusip>
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          <isin value="US13048T2Q52"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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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>
        <identifiers>
          <isin value="US130483GH71"/>
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        <balance>4395000.00000000</balance>
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        <valUSD>4356495.41000000</valUSD>
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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>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 18-E 5% 07/01/34</title>
        <cusip>786107SX1</cusip>
        <identifiers>
          <isin value="US786107SX15"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1043677.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>POWAY CALIF UNI SCH DIST PUB FING AUTH SPL TAX REV</name>
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        <title>POWAY CA UNI 5% 9/1/35</title>
        <cusip>73885QGF0</cusip>
        <identifiers>
          <isin value="US73885QGF00"/>
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        <balance>1580000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2029</title>
        <cusip>130179TJ3</cusip>
        <identifiers>
          <isin value="US130179TJ32"/>
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          <maturityDt>2029-04-01</maturityDt>
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      <invstOrSec>
        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>ONTARIO CALIF I 4% 5/15/2036 @</title>
        <cusip>683042AX3</cusip>
        <identifiers>
          <isin value="US683042AX38"/>
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        <balance>775000.00000000</balance>
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      <invstOrSec>
        <name>MIDDLE FORK PROJECT FINANCE AUTHORITY</name>
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          <isin value="US59572CAJ62"/>
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        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA USD 0% FGIC 8/1/2033</title>
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          <isin value="US952347TC66"/>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
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          <isin value="US74514L3G08"/>
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        <name>SAN MARCOS CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN MARCOS USD 0% 08/01/47</title>
        <cusip>798755DP6</cusip>
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          <isin value="US798755DP61"/>
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        <balance>11505000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2030</title>
        <cusip>13048VGB8</cusip>
        <identifiers>
          <isin value="US13048VGB80"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3211114.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
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        <cusip>802498QY4</cusip>
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          <isin value="US802498QY42"/>
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        <curCd>USD</curCd>
        <valUSD>264817.76000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5.25% 7/1/2045</title>
        <cusip>544532PS7</cusip>
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          <isin value="US544532PS70"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2091113.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 5% 7/1/2040 @</title>
        <cusip>358100FL4</cusip>
        <identifiers>
          <isin value="US358100FL43"/>
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        <balance>2625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2677655.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH BAYSIDE WASTE MGMT AUTH CALIF SOLID WASTE ENTERPRISE</name>
        <lei>N/A</lei>
        <title>SOUTH BAYSIDE 5% 9/1/2042</title>
        <cusip>83646ABX0</cusip>
        <identifiers>
          <isin value="US83646ABX00"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48436.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2035</title>
        <cusip>13048VGE2</cusip>
        <identifiers>
          <isin value="US13048VGE20"/>
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        <curCd>USD</curCd>
        <valUSD>1879382.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 3/1/2033</title>
        <cusip>13063ELW4</cusip>
        <identifiers>
          <isin value="US13063ELW48"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7886414.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</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>TULARE CA SWR REV</name>
        <lei>N/A</lei>
        <title>TULARE CA SWR 5% 11/15/26</title>
        <cusip>899124KD2</cusip>
        <identifiers>
          <isin value="US899124KD25"/>
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        <balance>965000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>973977.68000000</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>2026-11-15</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>ELK GROVE CA FIN AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>ELK GROVE CA FI 5% 9/1/2027</title>
        <cusip>287254DR4</cusip>
        <identifiers>
          <isin value="US287254DR44"/>
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        <balance>1875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1911903.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</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>POWAY CALIF UNI SCH DIST PUB FING AUTH SPL TAX REV</name>
        <lei>N/A</lei>
        <title>POWAY CA UNI 5% 9/1/34</title>
        <cusip>73885QGE3</cusip>
        <identifiers>
          <isin value="US73885QGE35"/>
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        <balance>1225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1227873.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 3% 10/1/2035</title>
        <cusip>13063DQU5</cusip>
        <identifiers>
          <isin value="US13063DQU53"/>
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        <balance>1185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1105898.52000000</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>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2041</title>
        <cusip>544532PN8</cusip>
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          <isin value="US544532PN83"/>
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        <balance>1250000.00000000</balance>
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        <valUSD>1307912.38000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MURRIETA VY CA UNI SCH DIST</name>
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        <title>MURRIETA VY CALIF UNI SCH DISTCAP APPREC BDS</title>
        <cusip>626905JF1</cusip>
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          <isin value="US626905JF10"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 10/1/28</title>
        <cusip>13048TV91</cusip>
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          <isin value="US13048TV919"/>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2036</title>
        <cusip>68304RDY3</cusip>
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          <isin value="US68304RDY36"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA MUN FIN AUT 5% 5/15/2036</title>
        <cusip>13049YCD1</cusip>
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          <isin value="US13049YCD13"/>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2044</title>
        <cusip>616871NT2</cusip>
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          <isin value="US616871NT27"/>
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        <balance>1120000.00000000</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>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2038</title>
        <cusip>785870K88</cusip>
        <identifiers>
          <isin value="US785870K888"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1088076.50000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US13048V2R81"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 5% 8/1/2039</title>
        <cusip>861419G52</cusip>
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          <isin value="US861419G525"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2039</title>
        <cusip>13048V2Q0</cusip>
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          <isin value="US13048V2Q09"/>
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        <valUSD>686290.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <cusip>927686AL9</cusip>
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          <isin value="US927686AL91"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>949825.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2039</title>
        <cusip>68304REB2</cusip>
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          <isin value="US68304REB24"/>
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        <curCd>USD</curCd>
        <valUSD>1081011.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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        <title>SAC CNTY ARPT 18C 5% 07/01/34@</title>
        <cusip>786107RT1</cusip>
        <identifiers>
          <isin value="US786107RT12"/>
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        <curCd>USD</curCd>
        <valUSD>4087808.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/2032 @</title>
        <cusip>786107RR5</cusip>
        <identifiers>
          <isin value="US786107RR55"/>
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        <balance>1590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1633599.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <title>CA STWD 2018 5% 07/01/28</title>
        <cusip>13080SSW5</cusip>
        <identifiers>
          <isin value="US13080SSW51"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>702756.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
        <lei>N/A</lei>
        <title>STOCKTON CALIF 5% 10/1/2035</title>
        <cusip>861398CA1</cusip>
        <identifiers>
          <isin value="US861398CA19"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1043839.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>ELK GROVE CA FI 5% 9/1/2031</title>
        <cusip>287254DV5</cusip>
        <identifiers>
          <isin value="US287254DV55"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2536690.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 6/1/27</title>
        <cusip>13048T2G7</cusip>
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          <isin value="US13048T2G70"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2040</title>
        <cusip>68304REC0</cusip>
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          <isin value="US68304REC07"/>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2031</title>
        <cusip>130179MW1</cusip>
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          <isin value="US130179MW16"/>
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        <invCountry>US</invCountry>
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        <name>TENDER OPT BD TR RCPTS / CTFS VAR STS</name>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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          <isin value="US95234ACN37"/>
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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>
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          <isin value="US13048T2H53"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 4% 2/1/2051</title>
        <cusip>13048VZJ0</cusip>
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          <isin value="US13048VZJ06"/>
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        <balance>7500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </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>544532CW2</cusip>
        <identifiers>
          <isin value="US544532CW20"/>
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        <balance>1395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1489560.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/36@</title>
        <cusip>544445CA5</cusip>
        <identifiers>
          <isin value="US544445CA55"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3612124.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2042</title>
        <cusip>616871MY2</cusip>
        <identifiers>
          <isin value="US616871MY21"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1080352.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LONGBEACH CA SD 3% 8/1/2047</title>
        <cusip>542433WB9</cusip>
        <identifiers>
          <isin value="US542433WB90"/>
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        <balance>7750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5608013.93000000</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>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>POWAY CALIF UNI SCH DIST CAP APPREC-SCH FACS IMPT</title>
        <cusip>738850RA6</cusip>
        <identifiers>
          <isin value="US738850RA62"/>
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        <balance>10120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6914156.04000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 5% 8/1/2038</title>
        <cusip>95234ACP8</cusip>
        <identifiers>
          <isin value="US95234ACP84"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>877621.52000000</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>2038-08-01</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>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2044</title>
        <cusip>785870L53</cusip>
        <identifiers>
          <isin value="US785870L530"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>681177.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</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>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 5% 8/1/2042</title>
        <cusip>861419G86</cusip>
        <identifiers>
          <isin value="US861419G863"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1597741.20000000</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>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PANAMA-BUENA VISTA UN SCH DIST CALIF</name>
        <lei>N/A</lei>
        <title>PANAMA-BUENA VI 2.625% 8/1/2037</title>
        <cusip>698118JU1</cusip>
        <identifiers>
          <isin value="US698118JU13"/>
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        <balance>1510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1249324.62000000</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>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02625000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTA BARBARA CALIF FING AUTHREV</name>
        <lei>N/A</lei>
        <title>SANTA CA 5% 4/1/37Q</title>
        <cusip>801262BJ4</cusip>
        <identifiers>
          <isin value="US801262BJ44"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1047313.70000000</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>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LINDSAY CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LINDS CA 0% 8/1/2034</title>
        <cusip>535545CE5</cusip>
        <identifiers>
          <isin value="US535545CE58"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>475846.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2033</title>
        <cusip>785870K39</cusip>
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          <isin value="US785870K391"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1698427.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SAN FRAN ARPT 5% 5/1/49@</title>
        <cusip>79766DMB2</cusip>
        <identifiers>
          <isin value="US79766DMB28"/>
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        <balance>12645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12460504.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2038</title>
        <cusip>13048VDW5</cusip>
        <identifiers>
          <isin value="US13048VDW54"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>348607.01000000</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>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
        <title>IRVINE CA IMPT 4% 9/2/2036</title>
        <cusip>46360RG92</cusip>
        <identifiers>
          <isin value="US46360RG922"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251564.20000000</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>2036-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
        <lei>N/A</lei>
        <title>VIRGIN ILSD TRI 5% 9/1/2042</title>
        <cusip>927686AT2</cusip>
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          <isin value="US927686AT28"/>
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        <balance>435000.00000000</balance>
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        <valUSD>445373.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SAN FRAN ARPT 5% 5/1/42@</title>
        <cusip>79766DKG3</cusip>
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          <isin value="US79766DKG33"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</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>POWAY CALIF UNI SCH DIST PUB FING AUTH SPL TAX REV</name>
        <lei>N/A</lei>
        <title>POWAY CA UNI 5% 9/1/33</title>
        <cusip>73885QGD5</cusip>
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          <isin value="US73885QGD51"/>
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        <curCd>USD</curCd>
        <valUSD>2746810.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% 12/1/2027</title>
        <cusip>13013JDU7</cusip>
        <identifiers>
          <isin value="US13013JDU79"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HLTH 5% MT</title>
        <cusip>13032UN87</cusip>
        <identifiers>
          <isin value="US13032UN876"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-11-15</maturityDt>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2037@</title>
        <cusip>542424VB9</cusip>
        <identifiers>
          <isin value="US542424VB92"/>
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        <balance>2755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2776801.69000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2038</title>
        <cusip>68304REA4</cusip>
        <identifiers>
          <isin value="US68304REA41"/>
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        <balance>1650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1792637.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MIDDLE FORK PROJECT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>MIDDLE FORK PRO 5% 4/1/2027</title>
        <cusip>59572CAH0</cusip>
        <identifiers>
          <isin value="US59572CAH07"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194524.74000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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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>544525U22</cusip>
        <identifiers>
          <isin value="US544525U228"/>
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        <balance>1955000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2122487.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 4% 4/1/2039</title>
        <cusip>13080SC36</cusip>
        <identifiers>
          <isin value="US13080SC369"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2111143.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>CITY OF OAKLAND CA</name>
        <lei>N/A</lei>
        <title>OAKLAND CA 2.25% 1/15/2039</title>
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        <identifiers>
          <isin value="US672240VR67"/>
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        <balance>2455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1828792.35000000</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>2039-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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      <invstOrSec>
        <name>GROSSMONT-CUYAMACA CCD</name>
        <lei>N/A</lei>
        <title>GROSSMONT-CUYAM 4% 8/1/2046</title>
        <cusip>399267JG9</cusip>
        <identifiers>
          <isin value="US399267JG98"/>
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        <balance>4250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
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        <cusip>544525X45</cusip>
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          <isin value="US544525X453"/>
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        <balance>250000.00000000</balance>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFO ST 5% 9/1/2032</title>
        <cusip>13063EBB1</cusip>
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          <isin value="US13063EBB11"/>
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      <invstOrSec>
        <name>DESERT CALIF CMTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>DESERT CA CCD 2% 8/1/2037</title>
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          <isin value="US250375JL79"/>
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        <name>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
        <title>UPLAND CA COP 5% 1/1/2033</title>
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          <isin value="US915346FW58"/>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2035 PRE @</title>
        <cusip>544445Q36</cusip>
        <identifiers>
          <isin value="US544445Q367"/>
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        <balance>265000.00000000</balance>
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        <name>PALM SPRINGS CA UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>6966675C4</cusip>
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          <isin value="US6966675C46"/>
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        <name>PALOMAR POMERADO HEALTH CALIF</name>
        <lei>N/A</lei>
        <title>PALOMAR CA HLTH/MBIA 0% 8/1/26</title>
        <cusip>69753RBU7</cusip>
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          <isin value="US69753RBU77"/>
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        <balance>4870000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>0.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SAN FRAN ARPT 5% 5/1/30</title>
        <cusip>79766DFT1</cusip>
        <identifiers>
          <isin value="US79766DFT19"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
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          <isin value="US03667PLE06"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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          <isin value="US79766DSA80"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T2T91"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS CA UHSD 3% 9/1/2045</title>
        <cusip>714398LC6</cusip>
        <identifiers>
          <isin value="US714398LC66"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1504785.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2032</title>
        <cusip>13048T4F7</cusip>
        <identifiers>
          <isin value="US13048T4F79"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2047</title>
        <cusip>702274DS7</cusip>
        <identifiers>
          <isin value="US702274DS70"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>332903.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CA TOB SECURITAZTN</name>
        <lei>N/A</lei>
        <title>CA CNTY TOBAC 5% 6/1/2027</title>
        <cusip>13016NEK6</cusip>
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          <isin value="US13016NEK63"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>410510.72000000</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>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE and ECONOMIC DEV BK LEASE REV</name>
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        <title>CALIFORNIA IE 5% 8/1/2044</title>
        <cusip>13034RAT0</cusip>
        <identifiers>
          <isin value="US13034RAT05"/>
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        <balance>7610000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>FONTANA CA USD GO</name>
        <lei>N/A</lei>
        <title>FONTANA CA USD 2.375% 8/1/2044</title>
        <cusip>344640WD5</cusip>
        <identifiers>
          <isin value="US344640WD56"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3550802.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02375000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2044@</title>
        <cusip>544445NU9</cusip>
        <identifiers>
          <isin value="US544445NU90"/>
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        <valUSD>13615643.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2045</title>
        <cusip>616871NU9</cusip>
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          <isin value="US616871NU99"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>ONTARIO CALIF I 4% 5/15/2037 @</title>
        <cusip>683042AY1</cusip>
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          <isin value="US683042AY11"/>
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      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 5% 8/1/2043</title>
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          <isin value="US861419G947"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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          <isin value="US927686AV73"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST UNIV REV</name>
        <lei>N/A</lei>
        <title>CA ST UNIV REV 5.25% 11/1/48</title>
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          <isin value="US13077DSX11"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PORT OAKLAND CALIF REV</name>
        <lei>N/A</lei>
        <title>PORT OAKLAND CA 5% 11/1/2028 @</title>
        <cusip>735000VD0</cusip>
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          <isin value="US735000VD01"/>
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        <balance>4820000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2032</title>
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          <isin value="US359816CX11"/>
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        <balance>520000.00000000</balance>
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        <valUSD>530847.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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          <isin value="US79739GFZ46"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US738850QY57"/>
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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>
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        <cusip>13063DA65</cusip>
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          <isin value="US13063DA650"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>880274.52000000</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST MBIA-IBC</title>
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          <isin value="US13062N4C84"/>
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        <curCd>USD</curCd>
        <valUSD>10012.35000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <cusip>544532JE5</cusip>
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          <isin value="US544532JE58"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
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        <cusip>798136XE2</cusip>
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          <isin value="US798136XE29"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 8/1/2038</title>
        <cusip>924397FE7</cusip>
        <identifiers>
          <isin value="US924397FE76"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2043</title>
        <cusip>616871NS4</cusip>
        <identifiers>
          <isin value="US616871NS44"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1338631.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 4.125% 7/1/2043 @</title>
        <cusip>358100FP5</cusip>
        <identifiers>
          <isin value="US358100FP56"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04125000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 10/1/2037</title>
        <cusip>13048TX24</cusip>
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          <isin value="US13048TX246"/>
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        <valUSD>374674.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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          <isin value="US13016NEQ34"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <cusip>13048T4X8</cusip>
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          <isin value="US13048T4X85"/>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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          <isin value="US861419E470"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5% 8/1/2039</title>
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          <isin value="US616871MV81"/>
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        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/36@</title>
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          <isin value="US798136VQ76"/>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>POMONA CALIF WTSW REV</name>
        <lei>N/A</lei>
        <title>POMONA CALIF CA 4% 5/1/2037</title>
        <cusip>73209GAE0</cusip>
        <identifiers>
          <isin value="US73209GAE08"/>
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        <balance>4335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4312872.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 3% 4/1/2050</title>
        <cusip>13080SYY4</cusip>
        <identifiers>
          <isin value="US13080SYY44"/>
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        <balance>13185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9012147.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SAN FRAN ARPT 5% 5/1/46@</title>
        <cusip>79766DGF0</cusip>
        <identifiers>
          <isin value="US79766DGF06"/>
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        <balance>23000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22703019.40000000</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>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
        <title>UNIV CAL REV 3% 5/15/2037</title>
        <cusip>91412G2H7</cusip>
        <identifiers>
          <isin value="US91412G2H79"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>715935.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US13013JDW36"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>794602.19000000</valUSD>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2036</title>
        <cusip>13048VDU9</cusip>
        <identifiers>
          <isin value="US13048VDU98"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>254488.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <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 MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2037</title>
        <cusip>13048V2N7</cusip>
        <identifiers>
          <isin value="US13048V2N77"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>840393.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2054</title>
        <cusip>13048V2U1</cusip>
        <identifiers>
          <isin value="US13048V2U11"/>
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        <balance>1540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1492083.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN BERNADINO CTY UN SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN BERN CA USD 3% 8/1/2044</title>
        <cusip>796711E54</cusip>
        <identifiers>
          <isin value="US796711E546"/>
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        <balance>9200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6960850.64000000</valUSD>
        <pctVal>0.396333029380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</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>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2032@</title>
        <cusip>542424UW4</cusip>
        <identifiers>
          <isin value="US542424UW49"/>
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        <balance>1760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1795900.13000000</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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2030</title>
        <cusip>544532JA3</cusip>
        <identifiers>
          <isin value="US544532JA37"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH SR LIVING REV</name>
        <lei>N/A</lei>
        <title>CALIF CA 5% 11/15/2049</title>
        <cusip>13049RBG0</cusip>
        <identifiers>
          <isin value="US13049RBG02"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2256703.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2030@</title>
        <cusip>542424UU8</cusip>
        <identifiers>
          <isin value="US542424UU82"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1331613.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>ANTELOPE VL CCD 5% 8/1/2044</title>
        <cusip>03667PLQ3</cusip>
        <identifiers>
          <isin value="US03667PLQ36"/>
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        <balance>1675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1692877.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 5% 8/1/2045</title>
        <cusip>861419H36</cusip>
        <identifiers>
          <isin value="US861419H366"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1310127.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2033@</title>
        <cusip>542424UX2</cusip>
        <identifiers>
          <isin value="US542424UX22"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1376930.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>POWAY CA USD 0% 08/01/46</title>
        <cusip>738850RH1</cusip>
        <identifiers>
          <isin value="US738850RH16"/>
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        <balance>10150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3561781.16000000</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>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2033</title>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
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      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
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        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
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        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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        <name>PALM SPRINGS CA UNI SCH DIST</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>VALLECITOS WATER DIST CA</name>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
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        <title>ONTARIO CALIF I 4% 5/15/2035 @</title>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <title>CALIFORNIA CMY 5% MT</title>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2033</title>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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      <invstOrSec>
        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
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          <isin value="US702274DT53"/>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
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          <isin value="US702274DR97"/>
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      <invstOrSec>
        <name>MOUNTAIN VIEW CALIF SCH DIST SCH FACS IMPT DIST NO 2 SAN BERNARDINO CNTY</name>
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        <title>MOUNTAIN VIE 4% 8/1/2049</title>
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          <isin value="US62440CBN02"/>
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        <balance>5000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2029@</title>
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          <isin value="US542424UT10"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <cusip>13048TV83</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SANTA BARBARA CALIF FING AUTHREV</name>
        <lei>N/A</lei>
        <title>SANTA CA 5% 4/1/2034Q</title>
        <cusip>801262BF2</cusip>
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          <isin value="US801262BF22"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABC CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>A B C CALIF UNI SCH DIST SER C FGIC</title>
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          <isin value="US000416L473"/>
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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>POMONA CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>POMONA CA UNI 3% 8/1/2048</title>
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          <isin value="US732098RB66"/>
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        <balance>4000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <cusip>79739GGM2</cusip>
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          <isin value="US79739GGM24"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY</name>
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          <isin value="US79811YAK47"/>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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        <title>SANTA-MONICA CA 5% 7/1/2035</title>
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          <isin value="US802498RB30"/>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <title>LA CA AIRPT 5% 5/15/2034 @</title>
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          <isin value="US5444452P31"/>
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        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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        <title>CA CNTY TOBAC 5% 6/1/2028</title>
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          <isin value="US13016NEL47"/>
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        <name>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
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          <isin value="US915346FU92"/>
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        <balance>1350000.00000000</balance>
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      <invstOrSec>
        <name>SAN MARCOS CALIF UNI SCH DIST</name>
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          <isin value="US798755DF89"/>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALHAMBRA CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>ALHAMBRA CA UNI 0% 8/1/2038</title>
        <cusip>016059DP9</cusip>
        <identifiers>
          <isin value="US016059DP95"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2900459.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</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 CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 5% 8/1/2032</title>
        <cusip>861419E21</cusip>
        <identifiers>
          <isin value="US861419E215"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1121040.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 5% 7/1/2039 @</title>
        <cusip>358100FK6</cusip>
        <identifiers>
          <isin value="US358100FK69"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2566213.75000000</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>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 18C 5% 07/01/35@</title>
        <cusip>786107RU8</cusip>
        <identifiers>
          <isin value="US786107RU84"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5094550.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 11/1/36</title>
        <cusip>13048TF99</cusip>
        <identifiers>
          <isin value="US13048TF995"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002847.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2036</title>
        <cusip>13048V2M9</cusip>
        <identifiers>
          <isin value="US13048V2M94"/>
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        <balance>565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>600761.96000000</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>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANSMISSION AGENCY OF NORTHERN CALIFORNIA</name>
        <lei>N/A</lei>
        <title>NO CA TRANSMISN 5% 5/1/39</title>
        <cusip>664848BZ0</cusip>
        <identifiers>
          <isin value="US664848BZ07"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1505618.40000000</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>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAYWARD UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>HAYWARD UNIFIED 5.25% 8/1/2050</title>
        <cusip>421295AM8</cusip>
        <identifiers>
          <isin value="US421295AM89"/>
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        <balance>11200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11666607.68000000</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>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
        <title>IRVINE CA IMPT 4% 9/2/2040</title>
        <cusip>46360RH59</cusip>
        <identifiers>
          <isin value="US46360RH599"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>975775.91000000</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>2040-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PALOMAR CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>PALOMAR CA CCD 5% 8/1/2035</title>
        <cusip>697511EW9</cusip>
        <identifiers>
          <isin value="US697511EW94"/>
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        <balance>1410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1455233.79000000</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>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
        <lei>N/A</lei>
        <title>VIRGIN ILSD TRI 5% 9/1/2034</title>
        <cusip>927686AK1</cusip>
        <identifiers>
          <isin value="US927686AK19"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343748.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
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      <invstOrSec>
        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
        <title>IRVINE CA IMPT BOND ACT 1915 LMTD OBLIG-RE-ASSMNT DST #12-1</title>
        <cusip>46360RLW5</cusip>
        <identifiers>
          <isin value="US46360RLW50"/>
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        <valUSD>501983.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-02</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2037</title>
        <cusip>544532KH6</cusip>
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          <isin value="US544532KH60"/>
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        <balance>660000.00000000</balance>
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        <valUSD>698977.09000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA SW 2.4% MT @</title>
        <cusip>13048RAG2</cusip>
        <identifiers>
          <isin value="US13048RAG20"/>
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        <valUSD>1068293.54000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02400000</annualizedRt>
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        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
        <lei>N/A</lei>
        <title>CALIFORNIA HG 3.50% 11/20/2035</title>
        <cusip>13033DAE5</cusip>
        <identifiers>
          <isin value="US13033DAE58"/>
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        <valUSD>6692864.34000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2034 @</title>
        <cusip>5444453J6</cusip>
        <identifiers>
          <isin value="US5444453J61"/>
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        <balance>8840000.00000000</balance>
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        <valUSD>9486878.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN MATEO CNTY CALIF JT PWRS FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>SAN MATEO CN 3% 6/15/2046</title>
        <cusip>79904NHP8</cusip>
        <identifiers>
          <isin value="US79904NHP87"/>
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        <balance>7510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5623163.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 3% 10/1/2034</title>
        <cusip>13063DQS0</cusip>
        <identifiers>
          <isin value="US13063DQS08"/>
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        <balance>3580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3403813.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 4% 10/1/2051</title>
        <cusip>13048VWU8</cusip>
        <identifiers>
          <isin value="US13048VWU87"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>913759.53000000</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>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/32</title>
        <cusip>13080STA2</cusip>
        <identifiers>
          <isin value="US13080STA23"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>844148.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH LEASEREV</name>
        <lei>N/A</lei>
        <title>CALIF CA 13049U 5% 6/1/2037</title>
        <cusip>13049UCX5</cusip>
        <identifiers>
          <isin value="US13049UCX54"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3052076.10000000</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>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2043</title>
        <cusip>68304REF3</cusip>
        <identifiers>
          <isin value="US68304REF38"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1151261.32000000</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>2043-11-01</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 8/1/2036</title>
        <cusip>924397FC1</cusip>
        <identifiers>
          <isin value="US924397FC11"/>
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        <balance>1490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1566827.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAVIS CALIF JT UNI SCH DIST YOLO CNTY</name>
        <lei>N/A</lei>
        <title>DAVIS CALIF JT 3% 8/1/2041</title>
        <cusip>238848ED3</cusip>
        <identifiers>
          <isin value="US238848ED37"/>
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        <balance>4695000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3775502.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</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 5.25% 6/1/2053</title>
        <cusip>13048VF37</cusip>
        <identifiers>
          <isin value="US13048VF371"/>
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        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7742775.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WALNUT VLY CA USD BAN</name>
        <lei>N/A</lei>
        <title>WALNUT VALLEY CA USD CAP APPREC BD-SER D FGIC</title>
        <cusip>932889PQ5</cusip>
        <identifiers>
          <isin value="US932889PQ52"/>
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        <balance>2900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2352767.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2044</title>
        <cusip>68304REG1</cusip>
        <identifiers>
          <isin value="US68304REG11"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1040952.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PORT OAKLAND CALIF REV</name>
        <lei>N/A</lei>
        <title>PORT OAKLAND CA 5% 11/1/2028 @</title>
        <cusip>735000UT6</cusip>
        <identifiers>
          <isin value="US735000UT61"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110233.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <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% 7/1/2030</title>
        <cusip>544525T65</cusip>
        <identifiers>
          <isin value="US544525T659"/>
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        <balance>4470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4773000.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</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 UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LA CA USD 5% 7/1/2034</title>
        <cusip>544647HR4</cusip>
        <identifiers>
          <isin value="US544647HR40"/>
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        <balance>5965000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6775372.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA PUB 4% 10/15/2026</title>
        <cusip>13057EDT8</cusip>
        <identifiers>
          <isin value="US13057EDT82"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>416002.89000000</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>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 7/1/2035</title>
        <cusip>13048T4J9</cusip>
        <identifiers>
          <isin value="US13048T4J91"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1508600.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BAY AREA TOLL AU CA BRIDGE REV</name>
        <lei>N/A</lei>
        <title>BATA CA 5% 4/1/2045</title>
        <cusip>072024B27</cusip>
        <identifiers>
          <isin value="US072024B271"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1039973.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/38</title>
        <cusip>13080STG9</cusip>
        <identifiers>
          <isin value="US13080STG92"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>512488.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-01</maturityDt>
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      <invstOrSec>
        <name>SANGER CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SANGER CA SCH 3% 8/1/2048</title>
        <cusip>800851TW7</cusip>
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          <isin value="US800851TW79"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH LEASEREV</name>
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          <isin value="US13049UCT43"/>
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          <maturityDt>2033-06-01</maturityDt>
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      <invstOrSec>
        <name>MOUNT SAN ANTONIO CA CMNTY COL LEGE DIST</name>
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        <cusip>623040NJ7</cusip>
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          <isin value="US623040NJ70"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
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      <invstOrSec>
        <name>SAN MATEO CNTY CALIF JT PWRS FING AUTH LEASE REV</name>
        <lei>N/A</lei>
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        <cusip>79904NHQ6</cusip>
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          <isin value="US79904NHQ60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5% 7/1/2049@</title>
        <cusip>79739GMD5</cusip>
        <identifiers>
          <isin value="US79739GMD50"/>
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        <balance>5050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4935011.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA REV 5% 10/1/2039</title>
        <cusip>13048TX32</cusip>
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          <isin value="US13048TX329"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
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        <title>ANTELOPE VL CCD 5% 8/1/2043</title>
        <cusip>03667PLP5</cusip>
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          <isin value="US03667PLP52"/>
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        <valUSD>2028587.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% MT</title>
        <cusip>13013JFX9</cusip>
        <identifiers>
          <isin value="US13013JFX90"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
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          <isin value="US74514L3J47"/>
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        <balance>4240000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5.25% 7/1/2037 @</title>
        <cusip>79739GRC2</cusip>
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          <isin value="US79739GRC23"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO CA UNI SCH DIST</name>
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          <isin value="US797355Q727"/>
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        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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        <title>SAN DIEGO CALI 5% 7/1/2038</title>
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        <name>CALIFORNIA ST</name>
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        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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        <title>SAN DIEGO CALI 5% 7/1/2031</title>
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          <isin value="US797257AP77"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5.75% 7/1/2053</title>
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          <isin value="US940204GY05"/>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2036@</title>
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          <isin value="US542424VA10"/>
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      <invstOrSec>
        <name>POWAY CALIF UNI SCH DIST PUB FING AUTH SPL TAX REV</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
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        <name>GOLDEN ST TOB SECURTZN CORP CALIF TOB SETTLEMENT REV</name>
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        <name>CALIFORNIA ST</name>
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        <name>UNIVERSITY CA REVS</name>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
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          <isin value="US13078RGJ32"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
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          <isin value="US13080SLL69"/>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US616871NR60"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532PL28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MUROC CALIF JT UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>626625BD8</cusip>
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          <isin value="US626625BD84"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
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          <isin value="US861419E397"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/2032 @</title>
        <cusip>798136XC6</cusip>
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          <isin value="US798136XC62"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>130179QE7</cusip>
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          <isin value="US130179QE71"/>
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        <balance>620000.00000000</balance>
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        <valUSD>634470.06000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
        <lei>N/A</lei>
        <title>SACRAMENTO TRAN 5% 6/1/2035</title>
        <cusip>786073AR7</cusip>
        <identifiers>
          <isin value="US786073AR70"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-01</maturityDt>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
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        <cusip>544525F29</cusip>
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          <isin value="US544525F294"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 4% 8/1/2044</title>
        <cusip>785870B70</cusip>
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          <isin value="US785870B705"/>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
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          <isin value="US46360RH268"/>
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        <name>GLENDORA CALIF UNI SCH DIST</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5.25% MT</title>
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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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          <isin value="US13080STE45"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST</name>
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        <title>WA TWP CA HC DI 5% 8/1/43</title>
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          <isin value="US940642CE94"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>ELK GROVE CA FI 5% 9/1/2029</title>
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          <isin value="US287254DT00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ONTAR CA 68304R 5% 11/1/2041</title>
        <cusip>68304RED8</cusip>
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          <isin value="US68304RED89"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2035</title>
        <cusip>13048VDT2</cusip>
        <identifiers>
          <isin value="US13048VDT26"/>
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        <curCd>USD</curCd>
        <valUSD>229750.34000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LOCAL PUB SCHS FDG AUTH SCH FACS IMPT DIST NO 2016-1 CALIF</name>
        <lei>N/A</lei>
        <title>LOCAL PUB SCHS 3% 8/1/2046</title>
        <cusip>53957RCE0</cusip>
        <identifiers>
          <isin value="US53957RCE09"/>
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        <balance>2235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1669523.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 5% 7/1/2035 @</title>
        <cusip>358100FF7</cusip>
        <identifiers>
          <isin value="US358100FF74"/>
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        <balance>2060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2195652.24000000</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>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CALI 5% 7/1/2029</title>
        <cusip>797257AM4</cusip>
        <identifiers>
          <isin value="US797257AM47"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1722881.80000000</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>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
        <lei>N/A</lei>
        <title>LA DWAP CA WTR 5% 7/1/2035</title>
        <cusip>544525X52</cusip>
        <identifiers>
          <isin value="US544525X529"/>
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        <balance>2030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2192168.78000000</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>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>ONTARIO CALIF I 4% 5/15/2039 @</title>
        <cusip>683042BA2</cusip>
        <identifiers>
          <isin value="US683042BA26"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520963.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 8/1/2037</title>
        <cusip>13063EDK9</cusip>
        <identifiers>
          <isin value="US13063EDK91"/>
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        <balance>4685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5170836.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
        <title>UNIV CAL REV 5% 5/15/2038</title>
        <cusip>91412HUZ4</cusip>
        <identifiers>
          <isin value="US91412HUZ45"/>
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        <balance>7550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8283891.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTH BAYSIDE WASTE MGMT AUTH CALIF SOLID WASTE ENTERPRISE</name>
        <lei>N/A</lei>
        <title>SOUTH BAYSIDE 5% 9/1/2042</title>
        <cusip>83646ACJ0</cusip>
        <identifiers>
          <isin value="US83646ACJ07"/>
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        <balance>1255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1276149.89000000</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>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2041</title>
        <cusip>616871MX4</cusip>
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          <isin value="US616871MX48"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>846005.19000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV</name>
        <lei>N/A</lei>
        <title>CA ST MFA SW 4.375% MT @</title>
        <cusip>13048RAM9</cusip>
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          <isin value="US13048RAM97"/>
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        <valUSD>6936540.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
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      <invstOrSec>
        <name>CERRITOS CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CERRITOS CA CCD 0% 8/1/2035</title>
        <cusip>156792FK4</cusip>
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          <isin value="US156792FK45"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 4.25% 7/1/2044 @</title>
        <cusip>358100FQ3</cusip>
        <identifiers>
          <isin value="US358100FQ30"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
        <lei>N/A</lei>
        <title>MONTEBELLO HOME2 SUITES HILTON</title>
        <cusip>612286DQ4</cusip>
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          <isin value="US612286DQ46"/>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
        <lei>N/A</lei>
        <title>SAC CNTY ARPT 5% 7/1/35</title>
        <cusip>786107PD8</cusip>
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          <isin value="US786107PD87"/>
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        <balance>790000.00000000</balance>
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        <valUSD>797194.14000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
        <lei>N/A</lei>
        <title>LG BCH CA HBR 5% 5/15/2034@</title>
        <cusip>542424UY0</cusip>
        <identifiers>
          <isin value="US542424UY05"/>
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        <balance>1650000.00000000</balance>
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        <valUSD>1682511.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MENDOCINO CALIF UNI SCH DIST</name>
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        <name>SAN DIEGO CA UNI SCH DIST</name>
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        <name>SAN FRANCISCO CA CMNTY COLLEGE DIST</name>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
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      <invstOrSec>
        <name>MODESTO CALIF IRR DIST FING AUTH ELEC SYS REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <title>WA TWP CA HC 4% 7/1/2035</title>
        <cusip>940204GP9</cusip>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH SR LIVING HEALTH FAC REV</name>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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        <title>FRESNO CALIF UN 5% 8/1/2040</title>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5% 7/1/2036@</title>
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      <invstOrSec>
        <name>BAY AREA TOLL AU CA BRIDGE REV</name>
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        <name>STOCKTON CALIF PUB FING AUTH WTR REV</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>POWAY CALIF REDEV AGY SUCCESSOR AGY TAX ALLOCATION</name>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <name>UPLAND CA CTFS PARTN</name>
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        <name>PLACENTIA-YORBA LINDA CA USD</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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      <invstOrSec>
        <name>PORT OAKLAND CALIF REV</name>
        <lei>N/A</lei>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
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          <isin value="US702274DN83"/>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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      <invstOrSec>
        <name>LOS ANGELES CA UNI SCH DIST</name>
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        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <name>SACRAMENTO CNTY CA ARPT SYS RV</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
        <lei>N/A</lei>
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        <cusip>46360RH42</cusip>
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          <isin value="US46360RH425"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T4Y68"/>
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          <couponKind>Fixed</couponKind>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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          <isin value="US797299QG21"/>
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        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
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          <isin value="US79739GGB68"/>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CALIFORNIA ST UNIV REV</name>
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        <title>CA ST UNIV REV 3% 11/1/2035</title>
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        <name>GILROY CALIF PUB FACS FING AUTH WASTEWATER REV</name>
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        <name>CALIFORNIA MUN FIN AUTH LEASEREV</name>
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          <isin value="US13049UCW71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</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 ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 3/1/2038</title>
        <cusip>13063EMD5</cusip>
        <identifiers>
          <isin value="US13063EMD57"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11041158.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2044</title>
        <cusip>702274DP3</cusip>
        <identifiers>
          <isin value="US702274DP32"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>437134.83000000</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>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN CA PUB PWR AUTH</name>
        <lei>N/A</lei>
        <title>SOUTHERN CA PUB 5% MT</title>
        <cusip>84247PND9</cusip>
        <identifiers>
          <isin value="US84247PND95"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7256080.30000000</valUSD>
        <pctVal>0.413142651015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POMONA CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>POMONA CA UNI 2.50% 8/1/2048</title>
        <cusip>732098NP9</cusip>
        <identifiers>
          <isin value="US732098NP98"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6348374.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>VERNON CA ELEC 5% 8/1/2039</title>
        <cusip>924397FF4</cusip>
        <identifiers>
          <isin value="US924397FF42"/>
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        <balance>1275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1308514.52000000</valUSD>
        <pctVal>0.074503469550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CNTY CA PUB WKS</name>
        <lei>N/A</lei>
        <title>LA PUB LEASE RV 2.625% 12/1/2051</title>
        <cusip>54473EWQ3</cusip>
        <identifiers>
          <isin value="US54473EWQ33"/>
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        <balance>1900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1219410.88000000</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>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCEANSIDE CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>OCEANSIDE CA SD 0% 8/1/2031</title>
        <cusip>675383WY5</cusip>
        <identifiers>
          <isin value="US675383WY59"/>
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        <balance>4875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3967086.83000000</valUSD>
        <pctVal>0.225875776175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2049 @</title>
        <cusip>544445JP5</cusip>
        <identifiers>
          <isin value="US544445JP51"/>
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        <balance>4950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4837672.13000000</valUSD>
        <pctVal>0.275444676174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
        <lei>N/A</lei>
        <title>FRESNO CALIF UN 5% 8/1/2041</title>
        <cusip>358233CX0</cusip>
        <identifiers>
          <isin value="US358233CX00"/>
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        <balance>435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>456872.41000000</valUSD>
        <pctVal>0.026013146332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 5% 8/1/2042</title>
        <cusip>95234ACT0</cusip>
        <identifiers>
          <isin value="US95234ACT07"/>
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        <balance>1265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1340274.46000000</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>2042-08-01</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>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2034</title>
        <cusip>359816CZ6</cusip>
        <identifiers>
          <isin value="US359816CZ68"/>
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        <balance>430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>433767.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</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>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2043</title>
        <cusip>616871MZ9</cusip>
        <identifiers>
          <isin value="US616871MZ95"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1285085.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <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% 2/1/2035</title>
        <cusip>13080SLK8</cusip>
        <identifiers>
          <isin value="US13080SLK86"/>
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        <balance>515250.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>437962.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2038</title>
        <cusip>544532PK4</cusip>
        <identifiers>
          <isin value="US544532PK45"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1066479.00000000</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>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SAN FRAN ARPT 5% 5/1/2036 @</title>
        <cusip>79766DLW7</cusip>
        <identifiers>
          <isin value="US79766DLW73"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10264725.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
        <title>STOCKTON CA USD 5% 8/1/2038</title>
        <cusip>861419G45</cusip>
        <identifiers>
          <isin value="US861419G459"/>
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        <balance>2835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3113759.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA PUB 4% 10/15/2028</title>
        <cusip>13057EDV3</cusip>
        <identifiers>
          <isin value="US13057EDV39"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>363213.61000000</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>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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      <invstOrSec>
        <name>SAN DIEGO CA UNI SCH DIST</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <title>CA ST MFA REV 5% 8/15/27</title>
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          <isin value="US13048T3J01"/>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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          <isin value="US797299QH04"/>
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          <couponKind>Fixed</couponKind>
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        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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          <isin value="US68304RDZ01"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>FULLERTON PUBLI 4% 2/1/2041</title>
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          <isin value="US359816DC64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>SAN DIEGO CA PUB FACS FING AUT</name>
        <lei>N/A</lei>
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          <isin value="US797299QL16"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 4% 7/1/2033</title>
        <cusip>940204GM6</cusip>
        <identifiers>
          <isin value="US940204GM66"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>SANTA CLARITA CA CMNTY COLL</name>
        <lei>N/A</lei>
        <title>SANTA CLARITA 3% 8/1/2049</title>
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          <isin value="US801686SH03"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
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          <isin value="US798136XB89"/>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5% 7/1/2045</title>
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          <isin value="US544532MT80"/>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
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          <isin value="US13049YCJ82"/>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5.25% 7/1/2044</title>
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          <isin value="US544532PR97"/>
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        <name>HESPERIA CALIF CMNTY REDEV AGYSUCCESSOR AGY TAX ALLOCATION</name>
        <lei>N/A</lei>
        <title>HESPERIA CALI 3.375% 9/1/2037</title>
        <cusip>42806KAM5</cusip>
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          <isin value="US42806KAM53"/>
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        <balance>1475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1370846.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03375000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA EDL FACS AUTH REV POMONA COLLEGE-A</title>
        <cusip>130175W57</cusip>
        <identifiers>
          <isin value="US130175W574"/>
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        <balance>3155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1874298.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</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>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>ANTELOPE VL CCD 5% 8/1/2037</title>
        <cusip>03667PLH3</cusip>
        <identifiers>
          <isin value="US03667PLH37"/>
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        <balance>1360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1454473.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST 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>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4847596.00000000</valUSD>
        <pctVal>0.276009715946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.01600000</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>MORENO VALLEY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MORENO VLY USD 5.25% 8/1/2045</title>
        <cusip>616871NB1</cusip>
        <identifiers>
          <isin value="US616871NB19"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2123101.80000000</valUSD>
        <pctVal>0.120883985535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CA UNIF SCH DIST CABS-SER R-1</title>
        <cusip>797355Q23</cusip>
        <identifiers>
          <isin value="US797355Q230"/>
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        <balance>1680000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1424068.13000000</valUSD>
        <pctVal>0.081082796514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2036</title>
        <cusip>544532PH1</cusip>
        <identifiers>
          <isin value="US544532PH16"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1085181.30000000</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>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>ELK GROVE CA FI 5% 9/1/2030</title>
        <cusip>287254DU7</cusip>
        <identifiers>
          <isin value="US287254DU72"/>
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        <balance>1720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1747258.39000000</valUSD>
        <pctVal>0.099484423188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5% 7/1/2028 @</title>
        <cusip>79739GLQ7</cusip>
        <identifiers>
          <isin value="US79739GLQ72"/>
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        <balance>820000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>854411.71000000</valUSD>
        <pctVal>0.048648017157</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>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/37</title>
        <cusip>13080STF1</cusip>
        <identifiers>
          <isin value="US13080STF10"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>669053.84000000</valUSD>
        <pctVal>0.038094214190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WISEBURN CA SCH DIST</name>
        <lei>N/A</lei>
        <title>WISEBURN CA SD 0% 8/1/2037</title>
        <cusip>977266JN6</cusip>
        <identifiers>
          <isin value="US977266JN69"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>625152.20000000</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>2037-08-01</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>
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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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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5633723.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5% 7/1/2031@</title>
        <cusip>79739GGF7</cusip>
        <identifiers>
          <isin value="US79739GGF72"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1275583.75000000</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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 2018 5% 07/01/33</title>
        <cusip>13080STB0</cusip>
        <identifiers>
          <isin value="US13080STB06"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>883218.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 4% 10/1/2033</title>
        <cusip>13048VWM6</cusip>
        <identifiers>
          <isin value="US13048VWM61"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244476.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</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>MERCED CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>MERCED CALIF UN HIGH SCH DIST CAP APPREC-SER A</title>
        <cusip>587635DN0</cusip>
        <identifiers>
          <isin value="US587635DN09"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>841280.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2034</title>
        <cusip>785870K47</cusip>
        <identifiers>
          <isin value="US785870K474"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>449650.80000000</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>2034-08-01</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>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2040</title>
        <cusip>544532PM0</cusip>
        <identifiers>
          <isin value="US544532PM01"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1045964.20000000</valUSD>
        <pctVal>0.059554525940</pctVal>
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        <name>SAN JOSE CALIF ARPT REV</name>
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      <invstOrSec>
        <name>LONG BEACH CA HBR REV</name>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV</name>
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        <name>ESCONDIDO CA UN HIGH SCH DIST</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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      <invstOrSec>
        <name>SAN JACINTO CA UNI SCH DIST</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>OAKLAND CA UNI SCH D ALAM CNTY</name>
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        <name>PALM SPRINGS CA UNI SCH DIST</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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      <invstOrSec>
        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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        <name>POWAY CA UNIFIED SCH DIST</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>POWAY CA UNIFIED SCH DIST</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
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          <isin value="US786073AU00"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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          <isin value="US544532NT71"/>
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        <name>LINDSAY CALIF UNI SCH DIST</name>
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        <name>FOOTHILL/ESTRN TRANSN CA TOLL</name>
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        <name>PALMDALE CA ELEM SCH DIST</name>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>MONTEREY PENINSULA CA CMNTY COLLEGE DIST</name>
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        <title>MONTEREY PENSLA 3% 8/1/2034</title>
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          <isin value="US612574EN98"/>
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        <name>UNIVERSITY CA REVS</name>
        <lei>N/A</lei>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048V2T48"/>
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        <name>SAN MARCOS CA REDEVELOPMENT and SUCCESSOR AGENCY</name>
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        <name>ESCONDIDO CA UN HIGH SCH DIST</name>
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      <invstOrSec>
        <name>EASTERN MUN WTR DIST FING AUTH CA WTR and WASTEWATER REV</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>Fidelity Revere Street Trust</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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          <isin value="US798136VM62"/>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>BAY AREA TOLL AU CA BRIDGE REV</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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        <name>POWAY CALIF UNI SCH DIST PUB FING AUTH SPL TAX REV</name>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
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        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>LOS ANGELES CA DEP WTR and PWR WTRWKS REV</name>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
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        <name>FULLERTON PUBLIC FINANCING AUTHORITY</name>
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        <name>POWAY CALIF UNI SCH DIST PUB FING AUTH SPL TAX REV</name>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
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        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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        <title>ONTAR CA 68304R 5% 11/1/2045</title>
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        <name>SANTA MONICA CALIF PUB FING AUTH LEASE REV</name>
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          <isin value="US802437FW82"/>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
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        <name>CALIFORNIA ST</name>
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        <name>MONTEBELLO CALIF PUB FING AUTHREV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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        <name>BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV</name>
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        <name>ONTARIO CALIF INTL ARPT AUTH REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
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          <isin value="US802498QW85"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
        <lei>N/A</lei>
        <title>CA STWD 5% 11/1/2032</title>
        <cusip>13080SSH8</cusip>
        <identifiers>
          <isin value="US13080SSH84"/>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE and ECONOMIC DEV BK LEASE REV</name>
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        <cusip>13034RAU7</cusip>
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          <isin value="US13034RAU77"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
        <lei>N/A</lei>
        <title>LA CA DWAP 5% 7/1/2039</title>
        <cusip>544532LW2</cusip>
        <identifiers>
          <isin value="US544532LW29"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>825232.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UPLAND CA CTFS PARTN</name>
        <lei>N/A</lei>
        <title>UPLAND CA COP 4% 1/1/2036</title>
        <cusip>915346FZ8</cusip>
        <identifiers>
          <isin value="US915346FZ89"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>981519.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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        <title>LA CA DWAP 5% 7/1/2044</title>
        <cusip>544532MS0</cusip>
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          <isin value="US544532MS08"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SAN JUAN CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN JUAN CA USD 2.25% 8/1/2039</title>
        <cusip>798306YB6</cusip>
        <identifiers>
          <isin value="US798306YB66"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1459052.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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      <invstOrSec>
        <name>CENTER JOINT CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>CENT JT CA USD 3% 8/1/2051</title>
        <cusip>151488CG6</cusip>
        <identifiers>
          <isin value="US151488CG69"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2497499.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>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>544525N53</cusip>
        <identifiers>
          <isin value="US544525N538"/>
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        <balance>1380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1473543.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>PORT OAKLAND CALIF REV</name>
        <lei>N/A</lei>
        <title>PORT OAKLAND CA 5% 11/1/2029 @</title>
        <cusip>735000VE8</cusip>
        <identifiers>
          <isin value="US735000VE83"/>
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        <balance>4125000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CA MUN FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>CA MUN FIN AUT 4% 5/15/2046</title>
        <cusip>13049YFP1</cusip>
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          <isin value="US13049YFP16"/>
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        <balance>2000000.00000000</balance>
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        <name>SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE</name>
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        <cusip>79766DLF4</cusip>
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          <isin value="US79766DLF41"/>
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        <name>ELK GROVE CA FIN AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>ELK GROVE CA FI 5% 09/01/41</title>
        <cusip>287254EC6</cusip>
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          <isin value="US287254EC65"/>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/2035 @</title>
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          <isin value="US544445S264"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC DI 4.50% 8/1/2053</title>
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          <isin value="US940642GG07"/>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST UNREFUNDED BALANCE-2007</title>
        <cusip>13062TU44</cusip>
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          <isin value="US13062TU441"/>
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        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVATO CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NOVATO CA USD 2% 8/1/2039</title>
        <cusip>669878HK9</cusip>
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          <isin value="US669878HK91"/>
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        <balance>5810000.00000000</balance>
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        <valUSD>4169247.87000000</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>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DRY CREEK CALIF JT ELEM SCH DIST</name>
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      <invstOrSec>
        <name>CARLSBAD CA UNIFIED SCHOOL DIS</name>
        <lei>N/A</lei>
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          <isin value="US142665EV62"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048VGF94"/>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US130179TK05"/>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
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        <name>ANTELOPE VALLEY CA CMNTY COLLEGE DIST</name>
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          <isin value="US03667PLL49"/>
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        <fairValLevel>2</fairValLevel>
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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>
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          <isin value="US13048T4W03"/>
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        <fairValLevel>2</fairValLevel>
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        <name>WALNUT VLY CA USD BAN</name>
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        <title>WALNUT VALLEY CA UNI SCH DIST CAP APPREC BD-SER D FGIC</title>
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          <isin value="US932889PR36"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
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        <name>UPLAND CA CTFS PARTN</name>
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        <name>IRVINE CALIF IMPT BD ACT 1915</name>
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        <name>PORT OAKLAND CALIF REV</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>PUERTO RICO COMWLTH</name>
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        <name>CALIFORNIA ST</name>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH SR LIVING HEALTH FAC REV</name>
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      <invstOrSec>
        <name>MORENO VALLEY CA UNI SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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          <isin value="US785870K961"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T4D22"/>
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      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>FRESNO CA ARPT 5% 7/1/2036 @</title>
        <cusip>358100FG5</cusip>
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          <isin value="US358100FG57"/>
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        <valUSD>2277855.22000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MIRACOSTA CA CMNTY CLG DIST</name>
        <lei>N/A</lei>
        <title>MIRACOSTA CCD 2% 8/1/2040</title>
        <cusip>604617BX7</cusip>
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          <isin value="US604617BX79"/>
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        <balance>1050000.00000000</balance>
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        <valUSD>727717.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV</name>
        <lei>N/A</lei>
        <title>SACRAMENTO TRAN 5% 6/1/2034</title>
        <cusip>786073AQ9</cusip>
        <identifiers>
          <isin value="US786073AQ97"/>
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        <balance>700000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 10/1/2036</title>
        <cusip>130179QC1</cusip>
        <identifiers>
          <isin value="US130179QC16"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>870510.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</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 18C 5% 07/01/36@</title>
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          <isin value="US786107RV67"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
        <lei>N/A</lei>
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        <cusip>13068XPQ6</cusip>
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          <isin value="US13068XPQ69"/>
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      <invstOrSec>
        <name>GATEWAY CA UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>GATEWAY CA USCD 0% I=FGIC 8/1/2036</title>
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        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/2029 @</title>
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          <isin value="US798136WZ66"/>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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          <isin value="US358233CQ58"/>
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        <name>STOCKTON CA UNIFIED SCHOOL DIS</name>
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      <invstOrSec>
        <name>CA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CA EDL FACS 5% 4/1/2030</title>
        <cusip>130179MV3</cusip>
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      <invstOrSec>
        <name>CALIFORNIA EDL FACS AUTH REV</name>
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        <title>CA SANTA CLARA 5.25 9/1/26</title>
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      </invstOrSec>
      <invstOrSec>
        <name>POMONA CA UNI SCH DIST</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONICA CA 5% 7/1/2031</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FRESNO CALIF ARPT REV</name>
        <lei>N/A</lei>
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          <isin value="US358100FH31"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% MT</title>
        <cusip>13013JEB8</cusip>
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          <isin value="US13013JEB89"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMY 5% 12/1/2030</title>
        <cusip>13013JDX1</cusip>
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          <isin value="US13013JDX19"/>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>13048VWR5</cusip>
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          <isin value="US13048VWR58"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <cusip>927686AD7</cusip>
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          <isin value="US927686AD75"/>
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        <balance>1000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 10/1/2031</title>
        <cusip>13048VDP0</cusip>
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          <isin value="US13048VDP04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LONG BEACH CA CMNTY COLLEGE</name>
        <lei>N/A</lei>
        <title>LONGBEACH CA CC 0% 6/1/2033</title>
        <cusip>542411JM6</cusip>
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          <isin value="US542411JM66"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/2031</title>
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          <isin value="US940204GK01"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SAN JOSE CALIF ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN JOSE ARPT 5% 3/1/2029 @</title>
        <cusip>798136VH7</cusip>
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          <isin value="US798136VH77"/>
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          <couponKind>Fixed</couponKind>
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        <name>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WEST CONTRA CS 5% 8/1/2039</title>
        <cusip>95234ACQ6</cusip>
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          <isin value="US95234ACQ67"/>
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        <balance>1600000.00000000</balance>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <title>SAN JOSE ARPT 5% 3/1/2027 @</title>
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          <isin value="US798136WX19"/>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
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        <title>PASADENA CALIF 0% 6/1/2041</title>
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          <isin value="US702274DL28"/>
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        <name>OCEANSIDE CALIF UNI SCH DIST</name>
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        <title>OCEANSIDE CA SD 0% 8/1/2031</title>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CA ST 5% 3/1/2037</title>
        <cusip>13063EMB9</cusip>
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        <name>SANTA MONICA-MALIBU UNSHDS CA</name>
        <lei>N/A</lei>
        <title>SANTA-MONICA CA 5% 7/1/2034</title>
        <cusip>802498RA5</cusip>
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          <isin value="US802498RA56"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>SAN MATEO CNTY CALIF CMNTY COL DIST</name>
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          <isin value="US799038NH33"/>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <cusip>13080SSV7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>13048TY98</cusip>
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          <isin value="US13048TY988"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>13048T2K8</cusip>
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          <isin value="US13048T2K82"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>SAN DIEGO CA PUB FACS FING AUT</name>
        <lei>N/A</lei>
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        <cusip>797299QK3</cusip>
        <identifiers>
          <isin value="US797299QK33"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>RICHMOND CALIF WASTEWATER REV</name>
        <lei>N/A</lei>
        <title>RICHMOND CA WTR 5% 8/1/2039</title>
        <cusip>764507DA4</cusip>
        <identifiers>
          <isin value="US764507DA46"/>
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        <balance>390000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FN AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA MN A 5% 4/1/2044</title>
        <cusip>13048V2S6</cusip>
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          <isin value="US13048V2S64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA INFR 3.25% 8/1/2029</title>
        <cusip>13034A5B2</cusip>
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          <isin value="US13034A5B23"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.03250000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH LEASEREV</name>
        <lei>N/A</lei>
        <title>CALIF CA 13049U 5% 6/1/2032</title>
        <cusip>13049UCS6</cusip>
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          <isin value="US13049UCS69"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>PASADENA CALIF PUB FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>PASADENA CALIF 0% 6/1/2045</title>
        <cusip>702274DQ1</cusip>
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          <isin value="US702274DQ15"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <title>LA CA AIRPT 5% 5/15/41@</title>
        <cusip>544445CB3</cusip>
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          <isin value="US544445CB39"/>
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        <debtSec>
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        <name>CALIFORNIA MUN FN AUTH REV</name>
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          <isin value="US13048VGD47"/>
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        <name>CALIFORNIA ST PUB WKS BRD LSE</name>
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        <name>CALIFORNIA HSG FIN AGY MUN CTFS</name>
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          <isin value="US13033DAL91"/>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
        <lei>N/A</lei>
        <title>LA CA AIRPT 5% 5/15/34@</title>
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          <isin value="US544445NN57"/>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
        <lei>N/A</lei>
        <title>SACRAMENTO USD 5% 8/1/2035</title>
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          <isin value="US785870K540"/>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>CENTRAL VALLEY ENERGY AUTHORITY</name>
        <lei>N/A</lei>
        <title>CENTRAL VALLEY ENERGY AUTHORITY 5% MT</title>
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          <isin value="US15569DAA00"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>N/A</lei>
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        <name>CA EDL FACS AUTH REV</name>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <name>GLENDALE CA WTR REV</name>
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        <name>FRESNO CALIF ARPT REV</name>
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        <name>SACRAMENTO CA CITY UNI SCH DIS</name>
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        <name>PORT OAKLAND CALIF REV</name>
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        <name>SANTA BARBARA CALIF FING AUTHREV</name>
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        <name>CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV</name>
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        <name>CALIFORNIA CA TOB SECURITAZTN</name>
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        <name>LOS ANGELES CA DEPT ARPTS REV</name>
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        <name>RICHMOND CALIF WASTEWATER REV</name>
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        <name>MONROVIA CALIF UNI SCH DIST</name>
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        <name>SAN JOSE CALIF ARPT REV</name>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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      <invstOrSec>
        <name>SANTEE CA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US802853JK87"/>
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      <invstOrSec>
        <name>SAN DIEGO CALIF ASSN GOVTS SOUTH BAY EXPWY TOLL REV</name>
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          <isin value="US797257AX02"/>
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          <maturityDt>2042-07-01</maturityDt>
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        <name>CALIFORNIA STWD CMNTY DV AU RV</name>
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        <cusip>13080SC28</cusip>
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          <isin value="US13080SC286"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST</name>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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          <isin value="US13063DLG15"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FNG AUTH REV</name>
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        <name>LOS ANGELES CALIF WTR and PWR RE</name>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH MULTIFAMILY HSG REV</name>
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        <name>BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV</name>
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        <title>BURBANK CA ARPT 5% 7/1/2036 @</title>
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          <isin value="US120827DU16"/>
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        <name>SAN JOSE CALIF ARPT REV</name>
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          <isin value="US798136VR59"/>
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        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
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        <name>CITY OF FRESNO UNIFIED SCHOOL</name>
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        <name>VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP</name>
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        <name>SANTA CLARA CA UNI SCH DIST</name>
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        <name>ONTARIO CALIF PUB FING AUTH LEASE REV</name>
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        <title>ONTAR CA 68304R 5% 11/1/2042</title>
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          <isin value="US68304REE62"/>
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        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>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>
