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        <name>SAN FRANCISCO CALIF CITY &amp;CNTY ARPTS COMMN INTL ARPT REV</name>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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      <invstOrSec>
        <name>DEL MAR CA UNION SCH DIST SPL TAX</name>
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        <name>RIVER ISLANDS PUB FING AUTH CA LATHROP IRR DT ELEC REVENUE</name>
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        <name>LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE</name>
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        <title>City of Los Angeles Department of Airports</title>
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          <isin value="US544445CZ07"/>
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        <name>M-S-R CA ENERGY AUTH GAS REVENUE</name>
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        <cusip>55374SAC4</cusip>
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          <isin value="US55374SAC44"/>
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        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048VVB16"/>
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        <name>GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT</name>
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        <name>LOS ANGELES CA UNIF SCH DIST</name>
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        <name>CALIFORNIA ST</name>
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        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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        <name>CASITAS MUNI WTR DIST CA SPL TAX</name>
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        <name>FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE</name>
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        <name>SAN DIEGO CA UNIF SCH DIST</name>
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        <name>TRANSBAY JT POWERS AUTH CA</name>
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        <name>SAN FRANCISCO CITY &amp; CNTY CA PUBLIC UTILS COMMISSION WSTWTR</name>
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        <name>BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE</name>
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        <name>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</name>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE</name>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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          <isin value="US91412HBE27"/>
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        <name>SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV</name>
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          <isin value="US798111GC88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-15</maturityDt>
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        <name>SAN JOSE CA ARPT REVENUE</name>
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          <isin value="US798136VU88"/>
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          <maturityDt>2047-03-01</maturityDt>
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      <invstOrSec>
        <name>ANAHEIM CA PUBLIC FING AUTH LEASE REVENUE</name>
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          <isin value="US03255LHQ59"/>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REVENUE</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QV585"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE</name>
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          <isin value="US13016NFB55"/>
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        <name>IRVINE CA SPL TAX</name>
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        <name>RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX</name>
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        <name>N ORANGE CNTY CA CMNTY CLG DIST</name>
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        <name>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</name>
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        <name>W CONTRA COSTA CA UNIF SCH DIST</name>
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        <name>TEMECULA VLY UNIF SCH DIST FING AUTH CA SPL TAX REVENUE</name>
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        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048TVV24"/>
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        <name>INLAND EMPIRE CA TOBACCO SECURITIZATION AUTH TOB SETTLEMENT</name>
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        <name>TOBACCO SECURITIZATION AUTH NTHRN CA TOBACCO SETTLEMENT REVE</name>
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        <name>FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE</name>
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        <name>SAN DIEGO CA PUBLIC FACS FING AUTH LEASE REVENUE</name>
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        <name>LAKE ELSINORE CA PUBLIC FING AUTH LOCAL AGY REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR &amp; WSTWTR SYS REVENUE</name>
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          <isin value="US40065FBA12"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LONG BEACH CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US542433WN39"/>
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        <name>OCEANSIDE CA UNIF SCH DIST</name>
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        <name>CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE</name>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp; ECON DEV BANK REVENUE</name>
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        <name>CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE</name>
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        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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        <name>FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE</name>
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        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
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        <name>SAN FRANCISCO CA CITY &amp; CNTY DCNTY DEV SPL TAX DIST NO</name>
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      <invstOrSec>
        <name>IRVINE CA UNIF SCH DIST</name>
        <lei>549300BNIP4XNVC0X742</lei>
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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp;CNTY ARPTS COMMN INTL ARPT REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STHRN CA PUBLIC PWR AUTH NATURAL GAS PROJ REVENUE</name>
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          <isin value="US842471AZ79"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
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      <invstOrSec>
        <name>IMPERIAL CA UNIF SCH DIST</name>
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        <title>Imperial Unified School District</title>
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          <isin value="US452678HJ71"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-01</maturityDt>
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      <invstOrSec>
        <name>ALAMEDA CA CORRIDOR TRANSPRTN AUTH</name>
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        <title>Alameda Corridor Transportation Authority</title>
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          <isin value="US010869AT22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY HSG AGY WORKFORCE HSG REVENUE</name>
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        <title>California Community Housing Agency</title>
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          <isin value="US13013HAA86"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District/CA</title>
        <cusip>544647DC1</cusip>
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          <isin value="US544647DC17"/>
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        <balance>1250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp;CNTY ARPTS COMMN INTL ARPT REV</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco City &amp; County Airport Comm-San Francisco International Airport</title>
        <cusip>79766DSB6</cusip>
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          <isin value="US79766DSB63"/>
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        <balance>2145000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE</name>
        <lei>N/A</lei>
        <title>California State Public Works Board</title>
        <cusip>1306852J8</cusip>
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          <isin value="US1306852J89"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048VBR87"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-31</maturityDt>
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      <invstOrSec>
        <name>LOCAL PUBLIC SCHS FUNDING AUTH SCH FACS IMPT DIST NO 2016-1</name>
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        <title>Local Public Schools Funding Authority School Improvement District No 2016-1</title>
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          <isin value="US53957RBM34"/>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH NTHRN CA TOBACCO SETTLEMENT REVE</name>
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          <isin value="US888794CA04"/>
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        <name>CALIFORNIA ST STWD CMNTYS DEV AUTH STUDENT HSG REVENUE</name>
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        <title>California Statewide Communities Development Authority</title>
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        <name>ANAHEIM CA UNION HIGH SCH DIST</name>
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        <title>Anaheim Union High School District</title>
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          <isin value="US032591TR06"/>
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        <name>GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT</name>
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        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
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          <isin value="US74529JPW98"/>
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        <name>WASHINGTON TWP CA HLTH CARE DIST REVENUE</name>
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      <invstOrSec>
        <name>SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE</name>
        <lei>N/A</lei>
        <title>San Diego Public Facilities Financing Authority</title>
        <cusip>79730CJB1</cusip>
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          <isin value="US79730CJB19"/>
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        <valUSD>1254882.00000000</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>2043-08-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Southern California</title>
        <cusip>888804CP4</cusip>
        <identifiers>
          <isin value="US888804CP47"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1286163.00000000</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>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
        <cusip>74529JPX7</cusip>
        <identifiers>
          <isin value="US74529JPX71"/>
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        <balance>1291000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1491255.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 HLTH CARE DIST REVENUE</name>
        <lei>N/A</lei>
        <title>Washington Township Health Care District</title>
        <cusip>940204GR5</cusip>
        <identifiers>
          <isin value="US940204GR53"/>
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        <balance>1440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1485105.12000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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 INFRASTRUCTURE &amp; ECON DEV BANK REVENUE</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California Infrastructure &amp; Economic Development Bank</title>
        <cusip>13034AE71</cusip>
        <identifiers>
          <isin value="US13034AE717"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2011919.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV</name>
        <lei>N/A</lei>
        <title>San Joaquin Hills Transportation Corridor Agency</title>
        <cusip>798111GD6</cusip>
        <identifiers>
          <isin value="US798111GD61"/>
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        <balance>1930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2175180.83000000</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>2049-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE</name>
        <lei>N/A</lei>
        <title>Territory of Guam</title>
        <cusip>40065NCQ8</cusip>
        <identifiers>
          <isin value="US40065NCQ88"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>872329.80000000</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>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UGK8</cusip>
        <identifiers>
          <isin value="US13032UGK88"/>
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        <balance>3475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3683515.64000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SVN1</cusip>
        <identifiers>
          <isin value="US13080SVN16"/>
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        <balance>1555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1850863.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports</title>
        <cusip>544445JN0</cusip>
        <identifiers>
          <isin value="US544445JN04"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6927804.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority</title>
        <cusip>130179RF3</cusip>
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          <isin value="US130179RF38"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1241250.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SANTA ANA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Santa Ana Unified School District</title>
        <cusip>801155YF3</cusip>
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          <isin value="US801155YF33"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>545017.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SAN DIEGO CNTY CA REGL ARPT AUTH</name>
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        <title>San Diego County Regional Airport Authority</title>
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          <isin value="US79739GEK85"/>
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        <curCd>USD</curCd>
        <valUSD>1088920.10000000</valUSD>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV</name>
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        <cusip>798111DG2</cusip>
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          <isin value="US798111DG20"/>
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          <maturityDt>2036-01-15</maturityDt>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports</title>
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          <isin value="US544445CC12"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE</name>
        <lei>N/A</lei>
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        <cusip>888804CQ2</cusip>
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          <isin value="US888804CQ20"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE</name>
        <lei>N/A</lei>
        <title>California State Public Works Board</title>
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          <isin value="US130685S844"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TMA5</cusip>
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          <isin value="US13058TMA50"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT</name>
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        <title>Golden State Tobacco Securitization Corp</title>
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          <isin value="US38122NZU98"/>
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        <curCd>USD</curCd>
        <valUSD>1292332.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp;CNTY ARPTS COMMN INTL ARPT REV</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco City &amp; County Airport Comm-San Francisco International Airport</title>
        <cusip>79766DFE4</cusip>
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          <isin value="US79766DFE40"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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      <invstOrSec>
        <name>SAN LEANDRO CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>798458SC0</cusip>
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          <isin value="US798458SC02"/>
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        <curCd>USD</curCd>
        <valUSD>2175088.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048TS20</cusip>
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          <isin value="US13048TS204"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DXA1</cusip>
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          <isin value="US13063DXA17"/>
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        <balance>1920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2379501.12000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVER ISLANDS PUB FING AUTH CA LATHROP IRR DT ELEC REVENUE</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority</title>
        <cusip>76827WAQ3</cusip>
        <identifiers>
          <isin value="US76827WAQ33"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1615887.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN JOSE CA SPL HOTEL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>City of San Jose CA Hotel Tax Revenue</title>
        <cusip>798180AN5</cusip>
        <identifiers>
          <isin value="US798180AN53"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002834.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048TSH7</cusip>
        <identifiers>
          <isin value="US13048TSH76"/>
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        <balance>1085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1197759.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE</name>
        <lei>N/A</lei>
        <title>California Community Housing Agency</title>
        <cusip>13013FAF1</cusip>
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          <isin value="US13013FAF18"/>
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        <balance>1100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABAG CA FIN AUTH FOR NONPROFIT CORPS</name>
        <lei>549300EWVCCTI6O2KU84</lei>
        <title>Abag Finance Authority for Nonprofit Corps</title>
        <cusip>00037CVN7</cusip>
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          <isin value="US00037CVN72"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VDY1</cusip>
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          <isin value="US13048VDY11"/>
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        <balance>1420000.00000000</balance>
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          <maturityDt>2047-12-31</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PANAMA-BUENA VISTA CA UNION SCH DIST</name>
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        <title>Panama-Buena Vista Union School District/CA</title>
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          <isin value="US698118JU13"/>
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          <maturityDt>2037-08-01</maturityDt>
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      <invstOrSec>
        <name>FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE</name>
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        <name>SAN DIEGO CNTY CA REGL ARPT AUTH</name>
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          <isin value="US79739GGP54"/>
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        <name>PUERTO RICO ELEC PWR AUTH PWR REVENUE</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QN574"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALAMEDA CA CORRIDOR TRANSPRTN AUTH</name>
        <lei>N/A</lei>
        <title>Alameda Corridor Transportation Authority</title>
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          <isin value="US010869GQ29"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp</title>
        <cusip>38122NZS4</cusip>
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          <isin value="US38122NZS43"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3054212.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13049SCQ5</cusip>
        <identifiers>
          <isin value="US13049SCQ57"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1113592.30000000</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>2037-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>STHRN CA PUBLIC PWR AUTH REVENUE</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority</title>
        <cusip>84247PHP9</cusip>
        <identifiers>
          <isin value="US84247PHP99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1125798.50000000</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>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANNING CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Banning Unified School District</title>
        <cusip>066617KP5</cusip>
        <identifiers>
          <isin value="US066617KP54"/>
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        <balance>1115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1394953.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VCC0</cusip>
        <identifiers>
          <isin value="US13048VCC00"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1233488.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR REVENUE</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QU34</cusip>
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          <isin value="US74526QU348"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA HSG FIN AGY MUNI CTFS</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California Housing Finance</title>
        <cusip>13033DAE5</cusip>
        <identifiers>
          <isin value="US13033DAE58"/>
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        <balance>1295384.72000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1517903.58000000</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>2035-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWPORT MESA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Newport Mesa Unified School District</title>
        <cusip>652113XJ5</cusip>
        <identifiers>
          <isin value="US652113XJ53"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>879547.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH NTHRN CA TOBACCO SETTLEMENT REVE</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Northern California</title>
        <cusip>888794BR4</cusip>
        <identifiers>
          <isin value="US888794BR48"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>932885.55000000</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>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SCJ1</cusip>
        <identifiers>
          <isin value="US13080SCJ15"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>893963.28000000</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>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TLL2</cusip>
        <identifiers>
          <isin value="US13058TLL25"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100581.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority</title>
        <cusip>76827QCR2</cusip>
        <identifiers>
          <isin value="US76827QCR20"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>527057.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO CMWLTH AQUEDUCT &amp; SWR AUTH REVENUE</name>
        <lei>N/A</lei>
        <title>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</title>
        <cusip>745160RC7</cusip>
        <identifiers>
          <isin value="US745160RC78"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA BOND FIN AUTH NATURAL GAS PURCHASE REVENUE</name>
        <lei>549300BKBZ5U7OZH3S21</lei>
        <title>Long Beach Bond Finance Authority</title>
        <cusip>54241AAZ6</cusip>
        <identifiers>
          <isin value="US54241AAZ66"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2855904.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency</title>
        <cusip>13016NGY4</cusip>
        <identifiers>
          <isin value="US13016NGY40"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1717585.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports</title>
        <cusip>544445GX1</cusip>
        <identifiers>
          <isin value="US544445GX13"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1247929.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALAMEDA CA CORRIDOR TRANSPRTN AUTH</name>
        <lei>N/A</lei>
        <title>Alameda Corridor Transportation Authority</title>
        <cusip>010869HA6</cusip>
        <identifiers>
          <isin value="US010869HA67"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1772943.60000000</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>5.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency</title>
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          <isin value="US13016NEY67"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUERTO RICO CMWLTH</name>
        <lei>549300X44HXPLJU48U63</lei>
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          <isin value="US74514LWA15"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>SANTA MARIA CA WTR &amp; WSTWTR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Santa Maria CA Water &amp; Wastewater Revenue</title>
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          <isin value="US80234TAK25"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SAN BENITO CA HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>San Benito High School District</title>
        <cusip>796472DE5</cusip>
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          <isin value="US796472DE52"/>
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        <balance>2600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1205893.52000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST EDUCTNL FACS AUTH</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority</title>
        <cusip>130175SH6</cusip>
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          <isin value="US130175SH62"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVERSIDE CNTY CA TRANSPRTN COMMISSION TOLL REVENUE</name>
        <lei>5493003G0IESJS57M350</lei>
        <title>Riverside County Transportation Commission</title>
        <cusip>76912DAJ7</cusip>
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          <isin value="US76912DAJ72"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>886938.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>M-S-R CA ENERGY AUTH GAS REVENUE</name>
        <lei>549300UEMSS1JTK5YB98</lei>
        <title>M-S-R Energy Authority</title>
        <cusip>55374SAD2</cusip>
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          <isin value="US55374SAD27"/>
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        <balance>2030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2579785.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
        <cusip>74529JRJ6</cusip>
        <identifiers>
          <isin value="US74529JRJ69"/>
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        <balance>3971000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.32900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063CVV9</cusip>
        <identifiers>
          <isin value="US13063CVV98"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2979607.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN BERNARDINO CITY CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>San Bernardino City Unified School District</title>
        <cusip>796714DW0</cusip>
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          <isin value="US796714DW09"/>
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        <balance>860000.00000000</balance>
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        <valUSD>1079218.39000000</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>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SEV2</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SGV0</cusip>
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          <maturityDt>2045-10-01</maturityDt>
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      <invstOrSec>
        <name>LONG BEACH CA BOND FIN AUTH NATURAL GAS PURCHASE REVENUE</name>
        <lei>549300BKBZ5U7OZH3S21</lei>
        <title>Long Beach Bond Finance Authority</title>
        <cusip>54241AAV5</cusip>
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          <isin value="US54241AAV52"/>
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          <maturityDt>2029-11-15</maturityDt>
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      <invstOrSec>
        <name>ORANGE CNTY CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>County of Orange CA Airport Revenue</title>
        <cusip>684212FW8</cusip>
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          <isin value="US684212FW85"/>
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        <balance>575000.00000000</balance>
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          <maturityDt>2029-07-01</maturityDt>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
        <cusip>74529JPV1</cusip>
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          <isin value="US74529JPV16"/>
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        <balance>213000.00000000</balance>
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        <invCountry>PR</invCountry>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE</name>
        <lei>N/A</lei>
        <title>California Community Housing Agency</title>
        <cusip>13013FAG9</cusip>
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          <isin value="US13013FAG90"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2056-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT WTR &amp; PWR REVENUE</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water &amp; Power Power System Revenue</title>
        <cusip>5444952R4</cusip>
        <identifiers>
          <isin value="US5444952R42"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1853084.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp;CNTY ARPTS COMMN INTL ARPT REV</name>
        <lei>54930055TIDYHNDP4F84</lei>
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      <invstOrSec>
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        <name>VLY CNTY CA WTR DIST FING AUTH REVENUE</name>
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        <name>PERRIS CA UNION HIGH SCH DIST</name>
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        <name>CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE</name>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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        <name>SAN CLEMENTE CA SPL TAX</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GROSSMONT CA UNION HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>Grossmont Union High School District</title>
        <cusip>399262KH6</cusip>
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          <isin value="US399262KH65"/>
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        <curCd>USD</curCd>
        <valUSD>882338.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>STHRN CA PUBLIC PWR AUTH NATURAL GAS PROJ REVENUE</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority</title>
        <cusip>842471AY0</cusip>
        <identifiers>
          <isin value="US842471AY05"/>
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        <balance>5465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7439289.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13049YAK7</cusip>
        <identifiers>
          <isin value="US13049YAK73"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>554001.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports</title>
        <cusip>544445ET2</cusip>
        <identifiers>
          <isin value="US544445ET29"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2498370.40000000</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>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>SANTA BARBARA CA UNIF SCH DIST</name>
        <lei>549300PQRSK15XOJN302</lei>
        <title>Santa Barbara Unified School District</title>
        <cusip>801315FR8</cusip>
        <identifiers>
          <isin value="US801315FR88"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>867940.05000000</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>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
        <cusip>74529JQF5</cusip>
        <identifiers>
          <isin value="US74529JQF56"/>
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        <balance>134000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100790.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>None</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>CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority</title>
        <cusip>13054WAC1</cusip>
        <identifiers>
          <isin value="US13054WAC10"/>
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        <balance>4410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4663698.92000000</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>2045-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARIN CA HLTHCARE DIST</name>
        <lei>N/A</lei>
        <title>Marin Healthcare District</title>
        <cusip>56782TAT9</cusip>
        <identifiers>
          <isin value="US56782TAT97"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1122677.10000000</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>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR &amp; WSTWTR SYS REVENUE</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority</title>
        <cusip>40065FDF8</cusip>
        <identifiers>
          <isin value="US40065FDF80"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>738227.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Bay Area Toll Authority</title>
        <cusip>072024VP4</cusip>
        <identifiers>
          <isin value="US072024VP49"/>
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        <balance>1635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1888922.69000000</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>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MIDDLE FORK PROJ FIN AUTH CA</name>
        <lei>N/A</lei>
        <title>Middle Fork Project Finance Authority</title>
        <cusip>59572CAS6</cusip>
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          <isin value="US59572CAS61"/>
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        <balance>1950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2467020.66000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority</title>
        <cusip>130179BR4</cusip>
        <identifiers>
          <isin value="US130179BR40"/>
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        <valUSD>1153282.80000000</valUSD>
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          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANTA RITA CA UNION SCH DIST</name>
        <lei>N/A</lei>
        <title>Santa Rita Union School District</title>
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          <isin value="US802564GF53"/>
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        <curCd>USD</curCd>
        <valUSD>1309735.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority</title>
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          <isin value="US13054WAP23"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2039-07-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048T2T9</cusip>
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          <isin value="US13048T2T91"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2043-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports</title>
        <cusip>544445NU9</cusip>
        <identifiers>
          <isin value="US544445NU90"/>
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        <curCd>USD</curCd>
        <valUSD>2603478.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
        <cusip>74529JQD0</cusip>
        <identifiers>
          <isin value="US74529JQD09"/>
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        <balance>352000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307444.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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          <isin value="US13032UMP02"/>
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      <invstOrSec>
        <name>TRANSBAY JT POWERS AUTH CA</name>
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        <title>Transbay Joint Powers Authority</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNION CITY CA CMNTY REDEV AGY</name>
        <lei>N/A</lei>
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          <isin value="US90565LGP04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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      <invstOrSec>
        <name>SANTA BARBARA CA UNIF SCH DIST</name>
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        <title>Santa Barbara Unified School District</title>
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          <isin value="US801315JR43"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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      <invstOrSec>
        <name>IRVINE CA UNIF SCH DIST SPL TAX</name>
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        <title>Irvine Unified School District</title>
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          <isin value="US463612HH79"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIPON CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Ripon Unified School District</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>SAN RAFAEL CA ELEM SCH DIST</name>
        <lei>N/A</lei>
        <title>San Rafael City Elementary School District</title>
        <cusip>799306QE8</cusip>
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          <isin value="US799306QE87"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CA ARPT SYS REVENUE</name>
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        <title>County of Sacramento CA Airport System Revenue</title>
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          <isin value="US786107PF36"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VBY3</cusip>
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          <isin value="US13048VBY39"/>
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        <name>SAN FRANCISCO CITY &amp; CNTY CA PORT COMMISSION REVENUE</name>
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        <title>Port Commission of the City &amp; County of San Francisco</title>
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          <isin value="US797679BA40"/>
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        <name>CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE</name>
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        <title>California State Public Works Board</title>
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        <name>STOCKTON CA PUBLIC FING AUTH WSTWTR REVENUE</name>
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          <isin value="US86139QAQ82"/>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
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        <name>ANTELOPE VLY CA HLTHCARE DIST</name>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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        <title>California School Finance Authority</title>
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          <isin value="US13059TAQ22"/>
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      <invstOrSec>
        <name>NEWPORT MESA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Newport Mesa Unified School District</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
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      <invstOrSec>
        <name>GUAM PWR AUTH REVENUE</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam Power Authority</title>
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      <invstOrSec>
        <name>LOCAL PUBLIC SCHS FUNDING AUTH SCH FACS IMPT DIST NO 2016-1</name>
        <lei>N/A</lei>
        <title>Local Public Schools Funding Authority School Improvement District No 2016-1</title>
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          <isin value="US53957RAQ56"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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          <isin value="US13032UUM88"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ALAMEDA CA CORRIDOR TRANSPRTN AUTH</name>
        <lei>N/A</lei>
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          <isin value="US010869HB41"/>
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          <maturityDt>2037-10-01</maturityDt>
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      <invstOrSec>
        <name>ONTARIO CA INTERNATIONAL ARPT AUTH REVENUE</name>
        <lei>N/A</lei>
        <title>Ontario International Airport Authority</title>
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          <isin value="US683042AM72"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-15</maturityDt>
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        <name>IRVINE CA IMPT BOND ACT 1915</name>
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          <isin value="US46360RTM96"/>
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        <name>CALIFORNIA ST ENTERPRISE DEV AUTH STUDENT HSG REVENUE</name>
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          <isin value="US13069BAN64"/>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH CHARTER SCH REVENUE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048DBB38"/>
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      <invstOrSec>
        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
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        <title>California Educational Facilities Authority</title>
        <cusip>130179RE6</cusip>
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          <isin value="US130179RE62"/>
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          <maturityDt>2048-10-01</maturityDt>
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        <name>INGLEWOOD CA UNIF SCH DIST</name>
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          <isin value="US457110MC50"/>
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        <name>FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE</name>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp; ECON DEV BANK REVENUE</name>
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          <isin value="US13034AG530"/>
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        <name>FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE</name>
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        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
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          <isin value="US1301787Y65"/>
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        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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        <name>CALIFORNIA ST EDUCTNL FACS AUTH</name>
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        <name>GILROY CA PUBLIC FACS FING AUTH WSTWTR REVENUE</name>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048VCA44"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-31</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IRVINE CA UNIF SCH DIST</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>Irvine Unified School District</title>
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          <isin value="US463610JZ93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN RAFAEL CA ELEM SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US799306PG45"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1380449.54000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority</title>
        <cusip>130179RL0</cusip>
        <identifiers>
          <isin value="US130179RL06"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CA TRANSIENT OCCUPAPANCY TAX REVENUE</name>
        <lei>N/A</lei>
        <title>City of Sacramento CA Transient Occupancy Tax Revenue</title>
        <cusip>786073AW6</cusip>
        <identifiers>
          <isin value="US786073AW65"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1192197.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13049YFP1</cusip>
        <identifiers>
          <isin value="US13049YFP16"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE</name>
        <lei>N/A</lei>
        <title>CSCDA Community Improvement Authority</title>
        <cusip>126292AR2</cusip>
        <identifiers>
          <isin value="US126292AR25"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020659.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UXD5</cusip>
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          <isin value="US13032UXD52"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1474180.63000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>RIVER ISLANDS PUB FING AUTH CA LATHROP IRR DT ELEC REVENUE</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority</title>
        <cusip>76827WAN0</cusip>
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          <isin value="US76827WAN02"/>
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        <balance>1000000.00000000</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>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority</title>
        <cusip>130179PA6</cusip>
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          <isin value="US130179PA68"/>
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        <balance>525000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VMJ4</cusip>
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          <isin value="US13048VMJ43"/>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE</name>
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        <title>California County Tobacco Securitization Agency</title>
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          <isin value="US13016NEW02"/>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
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          <isin value="US74529JQE81"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</name>
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        <title>California Statewide Communities Development Authority</title>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports</title>
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          <isin value="US544445RG60"/>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
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          <isin value="US13059TCD90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SAN LEANDRO CA UNIF SCH DIST</name>
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        <name>CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
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          <isin value="US13048TW586"/>
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        <name>SWEETWATER CA UNION HIGH SCH DIST</name>
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        <name>SAN DIEGO CA TOBACCO SETTLEMENT REVENUE FUNDING CORP</name>
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        <name>TRANSBAY JT POWERS AUTH CA</name>
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        <title>Transbay Joint Powers Authority</title>
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          <isin value="US89356CBK18"/>
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        <name>SIMI VLY CA UNIF SCH DIST</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
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          <isin value="US13048TPX53"/>
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        <name>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REVENUE</name>
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          <isin value="US13049SBB97"/>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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        <name>M-S-R CA ENERGY AUTH GAS REVENUE</name>
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        <name>TRANSBAY JT POWERS AUTH CA</name>
        <lei>549300WC0UP8WU8GYU95</lei>
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        <name>CALIFORNIA ST</name>
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        <name>W CONTRA COSTA CA UNIF SCH DIST</name>
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        <name>CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE</name>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp; ECON DEV BANK REVENUE</name>
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      <invstOrSec>
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        <name>OROVILLE CA REVENUE</name>
        <lei>N/A</lei>
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        <name>ALAMEDA CA CORRIDOR TRANSPRTN AUTH</name>
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          <isin value="US010869HF54"/>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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          <isin value="US13032UXE36"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp; ECON DEV BANK REVENUE</name>
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        <title>California Infrastructure &amp; Economic Development Bank</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST STWD CMNTYS DEV AUTH</name>
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        <title>California Statewide Communities Development Authority</title>
        <cusip>130911B33</cusip>
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          <isin value="US130911B337"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN BENITO CA HIGH SCH DIST</name>
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        <title>San Benito High School District</title>
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        <name>NRTHRN CA ENERGY AUTH COMMODITY SPLY REVENUE</name>
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        <name>RIVERSIDE CNTY CA TRANSPRTN COMMISSION TOLL REVENUE</name>
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        <title>Riverside County Transportation Commission</title>
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        <name>SAN BENITO CA HIGH SCH DIST</name>
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        <name>TOBACCO SECURITIZATION AUTH NTHRN CA TOBACCO SETTLEMENT REVE</name>
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        <name>ABAG CA FIN AUTH FOR NONPROFIT CORPS</name>
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        <title>Abag Finance Authority for Nonprofit Corps</title>
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        <name>PUERTO RICO CMWLTH AQUEDUCT &amp; SWR AUTH REVENUE</name>
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        <invCountry>PR</invCountry>
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        <name>GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
        <cusip>74529JQH1</cusip>
        <identifiers>
          <isin value="US74529JQH13"/>
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        <curCd>USD</curCd>
        <valUSD>119964.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST INFRASTRUCTURE &amp; ECON DEV BANK NATIONAL CHARTR</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California Infrastructure &amp; Economic Development Bank</title>
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          <isin value="US13035AAS87"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
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      <invstOrSec>
        <name>ORANGE CA UNIF SCH DIST ORANGE CNTY</name>
        <lei>N/A</lei>
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        <cusip>684133KX8</cusip>
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          <isin value="US684133KX83"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH SPL FAC REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13050RAA0</cusip>
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          <isin value="US13050RAA05"/>
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        <balance>3430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4009501.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REGL ARPT AUTH</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority</title>
        <cusip>79739GMC7</cusip>
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          <isin value="US79739GMC77"/>
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        <balance>5555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6378115.46000000</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>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048T7N7</cusip>
        <identifiers>
          <isin value="US13048T7N76"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2337957.00000000</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>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO CMWLTH</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514LE86</cusip>
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          <isin value="US74514LE869"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1660000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE</name>
        <lei>N/A</lei>
        <title>CSCDA Community Improvement Authority</title>
        <cusip>126292AD3</cusip>
        <identifiers>
          <isin value="US126292AD39"/>
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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>2056-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA HARBOR DEPT</name>
        <lei>N/A</lei>
        <title>Port of Los Angeles</title>
        <cusip>544552WH1</cusip>
        <identifiers>
          <isin value="US544552WH12"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1122932.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN BUENAVENTURA CA</name>
        <lei>N/A</lei>
        <title>City of San Buenaventura CA</title>
        <cusip>797049AH6</cusip>
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          <isin value="US797049AH62"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2062956.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048T4F7</cusip>
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          <isin value="US13048T4F79"/>
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        <balance>1055000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE</name>
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        <title>California County Tobacco Securitization Agency</title>
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          <isin value="US13016NFC39"/>
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        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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        <title>California School Finance Authority</title>
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          <isin value="US13059TBZ12"/>
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        <name>CALIFORNIA ST</name>
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        <name>PUERTO RICO CMWLTH AQUEDUCT &amp; SWR AUTH REVENUE</name>
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        <title>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</title>
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          <isin value="US745160SG73"/>
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        <invCountry>PR</invCountry>
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        <name>HUNTINGTON BEACH CA CITY SCH DIST</name>
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        <title>Huntington Beach City School District</title>
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      <invstOrSec>
        <name>NEW HAVEN CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>New Haven Unified School District</title>
        <cusip>645002G67</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2044-08-01</maturityDt>
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        <name>PALOMAR HLTH CA REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US697528AT45"/>
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        <balance>3750000.00000000</balance>
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        <name>LONG BEACH CA HARBOR REVENUE</name>
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      <invstOrSec>
        <name>PALOMAR HLTH CA REVENUE</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>LA VERNE CA COPS</name>
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          <isin value="US505194DT40"/>
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      <invstOrSec>
        <name>NEW HAVEN CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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          <maturityDt>2050-08-15</maturityDt>
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        <name>SAN FRANCISCO CALIF CITY &amp;CNTY ARPTS COMMN INTL ARPT REV</name>
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          <maturityDt>2042-05-01</maturityDt>
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      <invstOrSec>
        <name>SILICON VLY CA CLEAN WTR WSTWTR REVENUE</name>
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        <title>Silicon Valley Clean Water</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
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        <name>CALIFORNIA ST</name>
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        <name>POWAY CA UNIF SCH DIST PUBLIC FING AUTH SPL TAX REVENUE</name>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH EDUCTNL FACS REVENUE</name>
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          <isin value="US130497AL42"/>
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        <name>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</name>
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        <name>TOBACCO SECURITIZATION AUTH NTHRN CA TOBACCO SETTLEMENT REVE</name>
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        <name>S WSTRN CA CMNTY CLG DIST</name>
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        <name>CALIFORNIA ST UNIV REVENUE</name>
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        <name>IRVINE CA IMPT BOND ACT 1915</name>
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        <name>TRANSBAY JT POWERS AUTH CA</name>
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      <invstOrSec>
        <name>EL DORADO CA IRR DIST REVENUE</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048TW74</cusip>
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          <isin value="US13048TW743"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GROSSMONT CA UNION HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>Grossmont Union High School District</title>
        <cusip>399262JG0</cusip>
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          <isin value="US399262JG02"/>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE</name>
        <lei>N/A</lei>
        <title>California Community Housing Agency</title>
        <cusip>13013FAA2</cusip>
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          <isin value="US13013FAA21"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV</name>
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        <title>San Joaquin Hills Transportation Corridor Agency</title>
        <cusip>798111GG9</cusip>
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          <isin value="US798111GG92"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV</name>
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          <isin value="US798111GK05"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UTR9</cusip>
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          <isin value="US13032UTR94"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
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          <isin value="US13032UPX09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-11-15</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UFP8</cusip>
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          <isin value="US13032UFP84"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
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        <name>CALIFORNIA ST MUNI FIN AUTH REVENUE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VCD8</cusip>
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          <isin value="US13048VCD82"/>
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        <balance>1005000.00000000</balance>
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          <maturityDt>2047-12-31</maturityDt>
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        <name>TUSTIN CA CMNTY FACS DIST SPLTAX</name>
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        <title>Tustin Community Facilities District</title>
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          <isin value="US901047GD60"/>
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        <invCountry>US</invCountry>
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        <name>TRANSBAY JT POWERS AUTH CA</name>
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        <title>Transbay Joint Powers Authority</title>
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        <name>CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE</name>
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        <title>California Pollution Control Financing Authority</title>
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          <isin value="US130536QT56"/>
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        <name>IRVINE CA UNIF SCH DIST SPL TAX</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>Irvine Unified School District</title>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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        <title>California Health Facilities Financing Authority</title>
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        <name>LOS ANGELES CA DEPT WTR &amp; PWR REVENUE</name>
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        <name>CALIFORNIA ST STWD CMNTYS DEVAUTH STUDENT HSG REVENUE</name>
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        <title>California Statewide Communities Development Authority</title>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063CE22</cusip>
        <identifiers>
          <isin value="US13063CE225"/>
        </identifiers>
        <balance>1145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1322885.83000000</valUSD>
        <pctVal>0.223540842249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Southern California</title>
        <cusip>888804CU3</cusip>
        <identifiers>
          <isin value="US888804CU32"/>
        </identifiers>
        <balance>4800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>944811.36000000</valUSD>
        <pctVal>0.159653934143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DFQ6</cusip>
        <identifiers>
          <isin value="US13063DFQ60"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>603671.60000000</valUSD>
        <pctVal>0.102008242016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST STWD FING AUTH TOBACCO SETTLEMENT</name>
        <lei>N/A</lei>
        <title>California Statewide Financing Authority</title>
        <cusip>130923BQ7</cusip>
        <identifiers>
          <isin value="US130923BQ73"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>710934.00000000</valUSD>
        <pctVal>0.120133409505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>LORD ABBETT MUNICIPAL INCOME FUND INC</ncom:nameOfApplicant>
      <ncom:signature>Vito Fronda</ncom:signature>
      <ncom:signerName>Vito Fronda</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
