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      <invstOrSec>
        <name>RIVER ISLANDS CA PUBLIC FING A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>RANCHO CUCAMONGA CA REDEV AGY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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          <isin value="US13032UUU05"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SYC24"/>
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        <curCd>USD</curCd>
        <valUSD>2313880.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QU751"/>
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        <curCd>USD</curCd>
        <valUSD>277875.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048VBT44"/>
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        <curCd>USD</curCd>
        <valUSD>1398175.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-31</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</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QV90</cusip>
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          <isin value="US74526QV908"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43225.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REGL ARPT AU</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority</title>
        <cusip>79739GJQ0</cusip>
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          <isin value="US79739GJQ01"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>442996.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LEE LAKE CA PUB FING AUTH REVE</name>
        <lei>N/A</lei>
        <title>Lee Lake Public Financing Authority</title>
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          <isin value="US523831BE41"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>330879.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SUQ55"/>
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        <curCd>USD</curCd>
        <valUSD>379197.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOS ANGELES CA DEPT OF ARPTS A</name>
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        <title>City of Los Angeles Department of Airports</title>
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          <isin value="US544445ND75"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST POLL CONTROL FIN</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority</title>
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          <isin value="US13054WAN74"/>
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        <name>SACRAMENTO CNTY CA ARPT SYS RE</name>
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        <name>STOCKTON CA PUBLIC FING AUTH P</name>
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        <name>STOCKTON CA PUBLIC FING AUTH W</name>
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      <invstOrSec>
        <name>SAN MATEO FOSTER CITY CA PUBLI</name>
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      <invstOrSec>
        <name>ALAMEDA CA CORRIDOR TRANSPRTN</name>
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        <name>LOS ANGELES CA HARBOR DEPT</name>
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          <isin value="US544552A695"/>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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          <isin value="US13048VBU17"/>
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        <name>CALIFORNIA ST STWD CMNTYS DEV</name>
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        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13081CAB46"/>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp;</name>
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          <isin value="US13034AHV52"/>
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        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
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        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13078RFZ82"/>
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      <invstOrSec>
        <name>FILLMORE CA WSTWTR REVENUE</name>
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        <title>City of Fillmore CA Wastewater Revenue</title>
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          <isin value="US317109AF35"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONTRA COSTA CA TRANSPRTN AUTH</name>
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        <title>Contra Costa Transportation Authority</title>
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          <isin value="US21221MFL90"/>
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          <maturityDt>2034-03-01</maturityDt>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH ST</name>
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        <name>TAHOE-TRUCKEE CA UNIF SCH DIST</name>
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        <name>TAHOE-TRUCKEE CA UNIF SCH DIST</name>
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        <name>STOCKTON CA PUBLIC FING AUTH W</name>
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        <name>TULARE CA SWR REVENUE</name>
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        <name>IRVINE CA IMPT BOND ACT 1915</name>
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        <title>City of Irvine CA</title>
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        <name>STOCKTON CA PUBLIC FING AUTH W</name>
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        <name>SAN DIEGO CA PUBLIC FACS FING</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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        <name>SAN DIEGO CNTY CA REGL ARPT AU</name>
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        <name>GOLDEN ST TOBACCO SECURITIZATI</name>
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        <name>SAN MATEO FOSTER CITY CA PUBLI</name>
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          <maturityDt>2029-11-01</maturityDt>
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        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
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        <name>SAN MATEO FOSTER CITY CA PUBLI</name>
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        <name>TOBACCO SECURITIZATION AUTH ST</name>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <name>BAY AREA CA TOLL AUTH TOLL BRI</name>
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        <name>STOCKTON CA PUBLIC FING AUTH W</name>
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        <name>LONG BEACH CA MARINA REVENUE</name>
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        <name>CALIFORNIA ST STWD CMNTYS DEV</name>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <cusip>74529JRQ0</cusip>
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          <isin value="US74529JRQ03"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1883394.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QK84</cusip>
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          <isin value="US74526QK844"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169812.50000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT WTR &amp; PWR</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water &amp; Power Power System Revenue</title>
        <cusip>5444953L6</cusip>
        <identifiers>
          <isin value="US5444953L62"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2505000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13059TBY4</cusip>
        <identifiers>
          <isin value="US13059TBY47"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1289388.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</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>
        <name>CALIFORNIA ST POLL CONTROL FIN</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority</title>
        <cusip>13054WAP2</cusip>
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          <isin value="US13054WAP23"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1105640.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEE LAKE CA PUB FING AUTH REVE</name>
        <lei>N/A</lei>
        <title>Lee Lake Public Financing Authority</title>
        <cusip>523831AJ4</cusip>
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          <isin value="US523831AJ47"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1092680.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STHRN CA PUBLIC PWR AUTH NATUR</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority</title>
        <cusip>842471AS3</cusip>
        <identifiers>
          <isin value="US842471AS37"/>
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        <balance>2435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2795793.95000000</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>2024-11-01</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>
        <name>STHRN CA PUBLIC PWR AUTH NATUR</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority</title>
        <cusip>842471AU8</cusip>
        <identifiers>
          <isin value="US842471AU82"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2397080.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</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>CALIFORNIA ST UNIV REVENUE</name>
        <lei>N/A</lei>
        <title>California State University</title>
        <cusip>13077DAU6</cusip>
        <identifiers>
          <isin value="US13077DAU63"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1363252.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</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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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH SP</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13050RAA0</cusip>
        <identifiers>
          <isin value="US13050RAA05"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1924640.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STOCKTON CA PUBLIC FING AUTH W</name>
        <lei>N/A</lei>
        <title>Stockton Public Financing Authority</title>
        <cusip>861398BY0</cusip>
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          <isin value="US861398BY04"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2501040.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TULARE CA SWR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Tulare CA Sewer Revenue</title>
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          <isin value="US899124KF72"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1477752.00000000</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>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QV668"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>STOCKTON CA PUBLIC FING AUTH P</name>
        <lei>N/A</lei>
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          <isin value="US86139TAP49"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <curCd>USD</curCd>
        <valUSD>47591.33000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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        <name>SAN FRANCISCO CALIF CITY &amp;CNTY</name>
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          <isin value="US79766DHT90"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1424709.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CALIFORNIA ST UNIV REVENUE</name>
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          <isin value="US13077DAT90"/>
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        <name>SAN DIEGO CA PUBLIC FACS FING</name>
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        <name>SAN MATEO FOSTER CITY CA PUBLI</name>
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          <isin value="US799056AT31"/>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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          <isin value="US13032UUX44"/>
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        <name>RANCHO CUCAMONGA CA REDEV AGY</name>
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          <isin value="US75212CAN92"/>
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        <name>SAN MATEO FOSTER CITY CA PUBLI</name>
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          <isin value="US799056AS57"/>
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      <invstOrSec>
        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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          <isin value="US91412GSG19"/>
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        <name>SAN FRANCISCO CALIF CITY &amp;CNTY</name>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <name>ANAHEIM CA HSG &amp; PUBLIC IMPT A</name>
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        <name>LONG BEACH CA MARINA REVENUE</name>
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      <invstOrSec>
        <name>SAN DIEGO CNTY CA REGL ARPT AU</name>
        <lei>N/A</lei>
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          <isin value="US13034AD230"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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          <isin value="US74526QT365"/>
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        <curCd>USD</curCd>
        <valUSD>463125.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SCZ56"/>
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        <curCd>USD</curCd>
        <valUSD>1017440.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING COR</name>
        <lei>N/A</lei>
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          <isin value="US74529JPX71"/>
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        <curCd>USD</curCd>
        <valUSD>611988.60000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>M-S-R ENERGY AUTHORITY</name>
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          <isin value="US55374SAD27"/>
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        <balance>4985000.00000000</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>2029-11-01</maturityDt>
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        <name>SAN DIEGO CNTY CA REGL ARPT AU</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority</title>
        <cusip>79739GLL8</cusip>
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          <isin value="US79739GLL85"/>
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        <balance>500000.00000000</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>2024-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LONG BEACH CA BOND FIN AUTH NA</name>
        <lei>549300BKBZ5U7OZH3S21</lei>
        <title>Long Beach Bond Finance Authority</title>
        <cusip>54241AAS2</cusip>
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          <isin value="US54241AAS24"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3446310.00000000</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>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>STOCKTON CA PUBLIC FING AUTH W</name>
        <lei>N/A</lei>
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          <isin value="US86139QAL95"/>
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        <valUSD>1457200.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOS ANGELES CA DEPT WTR &amp; PWR</name>
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        <valUSD>1247930.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SUP7</cusip>
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          <isin value="US13080SUP72"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SAN BERNARDINO CITY CA UNIF SC</name>
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        <name>LOS ANGELES CA HARBOR DEPT</name>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp;</name>
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          <isin value="US13034AHY91"/>
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        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp;</name>
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          <isin value="US13034AHX19"/>
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        <name>SAN MATEO CNTY CA JT PWRS FING</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078RFG0</cusip>
        <identifiers>
          <isin value="US13078RFG02"/>
        </identifiers>
        <balance>640000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>648652.80000000</valUSD>
        <pctVal>0.387908211699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</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>2020-07-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Legg Mason Partners Income Trust</ncom:nameOfApplicant>
      <ncom:signature>Christopher Berarducci</ncom:signature>
      <ncom:signerName>Christopher Berarducci</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
