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        <name>California Health Facilities Financing Auth</name>
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        <name>Riverside Cnty Transportation Commission</name>
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          <isin value="US76912DAX66"/>
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      <invstOrSec>
        <name>California Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
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          <isin value="US13016NHU19"/>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US130493CL10"/>
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      <invstOrSec>
        <name>Los Angeles Development Auth</name>
        <lei>N/A</lei>
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          <isin value="US54467WAE21"/>
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      <invstOrSec>
        <name>Oxnard</name>
        <lei>N/A</lei>
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        <cusip>691875CT3</cusip>
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          <isin value="US691875CT37"/>
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      <invstOrSec>
        <name>San Joaquin Hills Transportation Corridor Agency Toll</name>
        <lei>N/A</lei>
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        <cusip>798111GN4</cusip>
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          <isin value="US798111GN44"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>South Placer Wastewater Auth</name>
        <lei>549300FGO2EDNXECW829</lei>
        <title>Wastewater Refunding RB Series 2020</title>
        <cusip>839423CT5</cusip>
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          <isin value="US839423CT54"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Osos Community Facilities Wastewater Assessment Distric</name>
        <lei>N/A</lei>
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        <cusip>54559PAS5</cusip>
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          <isin value="US54559PAS56"/>
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        <balance>675000.00000000</balance>
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      <invstOrSec>
        <name>Oakley Successor Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Tax Allocation Refunding Bonds Series 2018</title>
        <cusip>673638BA9</cusip>
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          <isin value="US673638BA92"/>
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        <balance>660000.00000000</balance>
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      <invstOrSec>
        <name>West Hills CCD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2016B</title>
        <cusip>95330PGY5</cusip>
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          <isin value="US95330PGY51"/>
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        <balance>320000.00000000</balance>
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        <name>Desert CCD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2018</title>
        <cusip>250375HU9</cusip>
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          <isin value="US250375HU96"/>
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        <balance>500000.00000000</balance>
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        <name>East Bay Municipal Utility District</name>
        <lei>549300IZZ5HKLDKRTF96</lei>
        <title>Water System Refunding Bonds Series 2015A</title>
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          <isin value="US271014ZC99"/>
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        <name>Rosedale-Rio Bravo Water Storage District</name>
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      <invstOrSec>
        <name>San Diego Unified Port District</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2013A</title>
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          <isin value="US797352BK67"/>
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        <balance>550000.00000000</balance>
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        <name>Palmdale SD</name>
        <lei>549300YBE1L2RGBY7L18</lei>
        <title>GO Bonds Series 2017B</title>
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          <isin value="US696735NT25"/>
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        <balance>2500000.00000000</balance>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Insured Refunding RB (Channing House) Series 2017A</title>
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          <isin value="US13048TZ480"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Oakland USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2015A</title>
        <cusip>672325XH5</cusip>
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          <isin value="US672325XH57"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lake Tahoe USD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2019</title>
        <cusip>511012ND4</cusip>
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          <isin value="US511012ND44"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>394488.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Health Facilities Financing Auth</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>Insured RB (Northern CA Presbyterian Home &amp; Services) Series 2015</title>
        <cusip>13033L7E1</cusip>
        <identifiers>
          <isin value="US13033L7E19"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175984.67000000</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>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>RB (Inland Christian Home) Series 2020</title>
        <cusip>13048VPS1</cusip>
        <identifiers>
          <isin value="US13048VPS15"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>493904.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Industrial, Tourist, Educational, Medical &amp; Env</name>
        <lei>N/A</lei>
        <title>Hospital Refunding RB Series 2021</title>
        <cusip>74527EFP8</cusip>
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          <isin value="US74527EFP88"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>847043.07000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Discovery Bay Public Financing Auth</name>
        <lei>N/A</lei>
        <title>Water &amp; Wastewater Enterprise RB Series 2022</title>
        <cusip>25471TCJ0</cusip>
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          <isin value="US25471TCJ07"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Independent Cities Finance Auth</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Mobile Home Park Refunding RB (Union City Tropics) Series 2019</title>
        <cusip>45385LMQ3</cusip>
        <identifiers>
          <isin value="US45385LMQ31"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2059230.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Reedley</name>
        <lei>N/A</lei>
        <title>Water Refunding RB Series 2017</title>
        <cusip>758334AJ5</cusip>
        <identifiers>
          <isin value="US758334AJ58"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>565475.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RB (Redlands Community Hospital) Series 2016</title>
        <cusip>13080SPD0</cusip>
        <identifiers>
          <isin value="US13080SPD08"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>834554.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bay Area Toll Auth</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Toll Bridge RB Series 2017H</title>
        <cusip>072024UR1</cusip>
        <identifiers>
          <isin value="US072024UR14"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2906853.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.13000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>Insured Health Facility Refunding RB (Los Angeles Jewish Home for the Aging) Series 2019A</title>
        <cusip>13080SXB5</cusip>
        <identifiers>
          <isin value="US13080SXB59"/>
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        <balance>735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>807090.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Diablo Water District</name>
        <lei>N/A</lei>
        <title>Water Revenue COP Series 2019</title>
        <cusip>25245ABZ1</cusip>
        <identifiers>
          <isin value="US25245ABZ12"/>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Truckee Donner Public Utility District</name>
        <lei>N/A</lei>
        <title>Water System Refunding RB Series 2015</title>
        <cusip>89781PAJ1</cusip>
        <identifiers>
          <isin value="US89781PAJ12"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Clovis</name>
        <lei>N/A</lei>
        <title>Wastewater Refunding RB Series 2015</title>
        <cusip>18934VBG8</cusip>
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          <isin value="US18934VBG86"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Inglewood Successor Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Sub Lien Tax Allocation RB Series 2017A</title>
        <cusip>34637QAJ1</cusip>
        <identifiers>
          <isin value="US34637QAJ13"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>525601.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ceres Successor Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Sub Tax Allocation Refunding Bonds Series 2020</title>
        <cusip>156747BJ5</cusip>
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          <isin value="US156747BJ55"/>
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        <balance>500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rosedale-Rio Bravo Water Storage District</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2020A</title>
        <cusip>77735ABB2</cusip>
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          <isin value="US77735ABB26"/>
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        <balance>855000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>945790.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oxnard SD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series D</title>
        <cusip>692020H94</cusip>
        <identifiers>
          <isin value="US692020H946"/>
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        <balance>1490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1561794.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Bay Area Toll Auth</name>
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      <invstOrSec>
        <name>California Cnty Tobacco Securitization Agency</name>
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        <name>Kern CCD</name>
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        <name>Los Angeles Cnty Sanitation Districts Financing Auth</name>
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        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (Southwestern Law School) Series 2021</title>
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        <name>Truckee Donner Public Utility District</name>
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        <name>Los Angeles Harbor Dept</name>
        <lei>N/A</lei>
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          <isin value="US544552YE62"/>
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        <name>Independent Cities Finance Auth</name>
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        <name>Chino Valley USD</name>
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        <title>GO Bonds Series 2022C</title>
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        <name>Beverly Hills USD</name>
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        <name>Los Angeles Municipal Improvement Corp</name>
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        <title>Lease RB Series 2014A</title>
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        <name>Los Angeles Dept of Airports</name>
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        <name>California Municipal Finance Auth</name>
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        <name>Tobacco Securitization Auth of Northern California</name>
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        <name>Oxnard SD</name>
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        <name>Lake Tahoe USD</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <name>Cathedral City Successor Redevelopment Agency</name>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>California Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A</title>
        <cusip>13016NEV2</cusip>
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          <isin value="US13016NEV29"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Merced UHSD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2015</title>
        <cusip>587635FP3</cusip>
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          <isin value="US587635FP39"/>
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        <balance>2550000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Sierra View Healthcare District</name>
        <lei>N/A</lei>
        <title>RB Series 2019</title>
        <cusip>82650PCQ6</cusip>
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          <isin value="US82650PCQ63"/>
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        <balance>915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>929207.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco Public Utilities Commission</name>
        <lei>N/A</lei>
        <title>Water RB Series 2017A</title>
        <cusip>79765RS42</cusip>
        <identifiers>
          <isin value="US79765RS422"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2046849.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RB (Adventist Health System) Series 2007A</title>
        <cusip>13080SYC2</cusip>
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          <isin value="US13080SYC24"/>
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        <balance>1715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1803690.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Pleasant Hill Recreation &amp; Park District</name>
        <lei>N/A</lei>
        <title>Refunding GO Bonds Series 2017</title>
        <cusip>728343CZ5</cusip>
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          <isin value="US728343CZ58"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>840828.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (Institute of Aging) Series 2017</title>
        <cusip>13048T3L5</cusip>
        <identifiers>
          <isin value="US13048T3L56"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>273614.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</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 Community Choice Financing Auth</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>RB Series 2022A1</title>
        <cusip>13013JBJ4</cusip>
        <identifiers>
          <isin value="US13013JBJ43"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4995322.50000000</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>2053-05-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco Successor Redevelopment Agency</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>Subordinate Tax Allocation Refunding Bonds Series 2014C</title>
        <cusip>79770GBJ4</cusip>
        <identifiers>
          <isin value="US79770GBJ40"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169746.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Novato</name>
        <lei>N/A</lei>
        <title>Special Tax Refunding Bonds Series 2020</title>
        <cusip>669883GL8</cusip>
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          <isin value="US669883GL86"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100930.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A</title>
        <cusip>13016NGG3</cusip>
        <identifiers>
          <isin value="US13016NGG34"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180424.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco Airport Commission</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>RB 2nd Series 2019E</title>
        <cusip>79766DRX9</cusip>
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          <isin value="US79766DRX92"/>
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        <balance>2450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2552127.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Dept of Airports</name>
        <lei>N/A</lei>
        <title>Sr Refunding RB Series 2018B</title>
        <cusip>544445FC8</cusip>
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          <isin value="US544445FC84"/>
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        <balance>1675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1798468.10000000</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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Susanville Natural Gas</name>
        <lei>N/A</lei>
        <title>Natural Gas Refunding RB Series 2019</title>
        <cusip>869082AP2</cusip>
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          <isin value="US869082AP26"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>610314.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Discovery Bay Public Financing Auth</name>
        <lei>N/A</lei>
        <title>Water &amp; Wastewater RB Series 2017</title>
        <cusip>25471TBA0</cusip>
        <identifiers>
          <isin value="US25471TBA07"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258526.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Auth</name>
        <lei>N/A</lei>
        <title>Sr Lien Refunding RB Series 2022A</title>
        <cusip>010869JQ9</cusip>
        <identifiers>
          <isin value="US010869JQ91"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1461877.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Peralta CCD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2022B</title>
        <cusip>713575XT0</cusip>
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          <isin value="US713575XT03"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2518827.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Beverly Hills USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2009</title>
        <cusip>088023HV1</cusip>
        <identifiers>
          <isin value="US088023HV12"/>
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        <balance>555000.00000000</balance>
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        <valUSD>497909.81000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
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        <cusip>13016NGH1</cusip>
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          <isin value="US13016NGH17"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Santa Cruz Cnty Capital Financing Auth</name>
        <lei>N/A</lei>
        <title>Lease RB Series 2014</title>
        <cusip>80181PAK3</cusip>
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          <isin value="US80181PAK30"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern California Energy Auth</name>
        <lei>5493001ZIJGWU7HYLH34</lei>
        <title>Commodity Supply RB Series 2018</title>
        <cusip>664840AC9</cusip>
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          <isin value="US664840AC94"/>
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        <balance>3000000.00000000</balance>
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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>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Inglewood USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series B</title>
        <cusip>457110LH5</cusip>
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          <isin value="US457110LH56"/>
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        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>760980.02000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified Port District</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2013A</title>
        <cusip>797352BM2</cusip>
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          <isin value="US797352BM24"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Dept of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Power System RB Series 2001B6</title>
        <cusip>544495DL5</cusip>
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          <isin value="US544495DL50"/>
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        <balance>3000000.00000000</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>
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          <couponKind>Floating</couponKind>
          <annualizedRt>1.55000000</annualizedRt>
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      <invstOrSec>
        <name>California School Finance Auth</name>
        <lei>N/A</lei>
        <title>School Facility RB (Kipp LA) Series 2017A</title>
        <cusip>13059TEV7</cusip>
        <identifiers>
          <isin value="US13059TEV70"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>603787.12000000</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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RB (Loma Linda Univ Medical Center) Series 2018A</title>
        <cusip>13080SVL5</cusip>
        <identifiers>
          <isin value="US13080SVL59"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2424906.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Chico</name>
        <lei>N/A</lei>
        <title>Sewer Refunding RB Series 2020</title>
        <cusip>168519AH9</cusip>
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          <isin value="US168519AH91"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>465678.83000000</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>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>Salinas Transportation Revenue COPs Series 2018B</title>
        <cusip>13079XBJ4</cusip>
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          <isin value="US13079XBJ46"/>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Oakland USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2019A</title>
        <cusip>672325G92</cusip>
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          <isin value="US672325G929"/>
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        <balance>1500000.00000000</balance>
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        <name>San Francisco Successor Redevelopment Agency</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>Subordinate Tax Allocation Refunding Bonds Series 2014C</title>
        <cusip>79770GBH8</cusip>
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          <isin value="US79770GBH83"/>
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        <name>Livermore Valley Joint USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2019</title>
        <cusip>538310J95</cusip>
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          <isin value="US538310J952"/>
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        <balance>430000.00000000</balance>
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        <name>Los Osos Community Facilities Wastewater Assessment Distric</name>
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        <cusip>54559PAU0</cusip>
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          <isin value="US54559PAU03"/>
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        <balance>740000.00000000</balance>
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          <maturityDt>2026-09-02</maturityDt>
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        <name>Guam Power Auth</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Refunding RB Series 2022A</title>
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          <isin value="US400653JX04"/>
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        <balance>2000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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        <name>San Francisco Successor Redevelopment Agency</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>Subordinate Tax Allocation Refunding Bonds Series 2014C</title>
        <cusip>79770GBM7</cusip>
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          <isin value="US79770GBM78"/>
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        <balance>430000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California School Finance Auth</name>
        <lei>N/A</lei>
        <title>School Facility RB (Kipp LA) Series 2017A</title>
        <cusip>13059TEQ8</cusip>
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          <isin value="US13059TEQ85"/>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Santa Cruz Cnty Capital Financing Auth</name>
        <lei>N/A</lei>
        <title>Lease RB Series 2014</title>
        <cusip>80181PAL1</cusip>
        <identifiers>
          <isin value="US80181PAL13"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>179413.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Health Facilities Financing Auth</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>Refunding RB (Marshall Medical Center) Series 2015</title>
        <cusip>13033L6P7</cusip>
        <identifiers>
          <isin value="US13033L6P74"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>831148.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sierra View Healthcare District</name>
        <lei>N/A</lei>
        <title>RB Series 2019</title>
        <cusip>82650PCR4</cusip>
        <identifiers>
          <isin value="US82650PCR47"/>
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        <balance>1270000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1275843.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novato</name>
        <lei>N/A</lei>
        <title>Special Tax Refunding Bonds Series 2020</title>
        <cusip>669883GT1</cusip>
        <identifiers>
          <isin value="US669883GT13"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298680.88000000</valUSD>
        <pctVal>0.073199997192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lancaster Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Tax Allocation Refunding Bonds Series 2017</title>
        <cusip>513802DT2</cusip>
        <identifiers>
          <isin value="US513802DT22"/>
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        <balance>820000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>879353.98000000</valUSD>
        <pctVal>0.215509974616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Oxnard</name>
        <lei>N/A</lei>
        <title>Lease Refunding RB Series 2018</title>
        <cusip>691875CU0</cusip>
        <identifiers>
          <isin value="US691875CU00"/>
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        <balance>1235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1362705.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oakley Successor Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Tax Allocation Refunding Bonds Series 2018</title>
        <cusip>673638BC5</cusip>
        <identifiers>
          <isin value="US673638BC58"/>
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        <balance>725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>801349.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Health Facilities Financing Auth</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>RB (Sutter Health) Series 2018A</title>
        <cusip>13032UQW1</cusip>
        <identifiers>
          <isin value="US13032UQW17"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1011343.50000000</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>2023-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Chico</name>
        <lei>N/A</lei>
        <title>Sewer Refunding RB Series 2020</title>
        <cusip>168519AJ5</cusip>
        <identifiers>
          <isin value="US168519AJ57"/>
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        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>503311.55000000</valUSD>
        <pctVal>0.123350393393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Sanger Public Financing Auth</name>
        <lei>N/A</lei>
        <title>Lease RB Series 2020A</title>
        <cusip>80083CBH7</cusip>
        <identifiers>
          <isin value="US80083CBH79"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>732800.78000000</valUSD>
        <pctVal>0.179593066147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Puerto Rico Industrial, Tourist, Educational, Medical &amp; Env</name>
        <lei>N/A</lei>
        <title>Hospital Refunding RB Series 2021</title>
        <cusip>74527EFJ2</cusip>
        <identifiers>
          <isin value="US74527EFJ29"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>748356.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>RB Series 2021B</title>
        <cusip>13035ACA5</cusip>
        <identifiers>
          <isin value="US13035ACA51"/>
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        <balance>630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>597304.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco Airport Commission</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>RB Series 2018G</title>
        <cusip>79766DRP6</cusip>
        <identifiers>
          <isin value="US79766DRP68"/>
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        <balance>2700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2840155.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (Institute of Aging) Series 2017</title>
        <cusip>13048T3N1</cusip>
        <identifiers>
          <isin value="US13048T3N13"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>630226.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Riverside Cnty</name>
        <lei>N/A</lei>
        <title>Lease Refunding RB Series 2015A</title>
        <cusip>76913DEW3</cusip>
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          <isin value="US76913DEW39"/>
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        <balance>1020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1073454.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Long Beach Harbor Dept</name>
        <lei>N/A</lei>
        <title>Sr Airport RB Series 2022C</title>
        <cusip>542403DR8</cusip>
        <identifiers>
          <isin value="US542403DR83"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1056353.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Guam Power Auth</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Refunding RB Series 2022A</title>
        <cusip>400653KE0</cusip>
        <identifiers>
          <isin value="US400653KE04"/>
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        <balance>1190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1252538.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>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>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>Refunding RB (Los Angeles Cnty Museum of Art) Series 2021A</title>
        <cusip>13034AN30</cusip>
        <identifiers>
          <isin value="US13034AN304"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2600677.50000000</valUSD>
        <pctVal>0.637367834522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Discovery Bay Public Financing Auth</name>
        <lei>N/A</lei>
        <title>Water &amp; Wastewater RB Series 2017</title>
        <cusip>25471TBB8</cusip>
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          <isin value="US25471TBB89"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275213.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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 Jacinto USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2017</title>
        <cusip>797848HR2</cusip>
        <identifiers>
          <isin value="US797848HR25"/>
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        <balance>925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002091.72000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oakland</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>GO Refunding Bonds Series 2015A</title>
        <cusip>672240SZ2</cusip>
        <identifiers>
          <isin value="US672240SZ21"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>654866.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</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 Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COP Series 2022A</title>
        <cusip>130493CD9</cusip>
        <identifiers>
          <isin value="US130493CD93"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108813.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Golden West Schools Financing Auth</name>
        <lei>N/A</lei>
        <title>GO RB (Rowland USD) Series 2005</title>
        <cusip>38134LAV4</cusip>
        <identifiers>
          <isin value="US38134LAV45"/>
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        <balance>1675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1727250.12000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Dept of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Power System RB Series 2015A</title>
        <cusip>544495M27</cusip>
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          <isin value="US544495M270"/>
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        <balance>3015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3134006.87000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</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>Hastings College of the Law</name>
        <lei>N/A</lei>
        <title>Refunding Bonds Series 2017</title>
        <cusip>418342CE9</cusip>
        <identifiers>
          <isin value="US418342CE94"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187430.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</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 Public Finance Auth</name>
        <lei>N/A</lei>
        <title>RB (Sharp Healthcare) Series 2017B</title>
        <cusip>13057EBD5</cusip>
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          <isin value="US13057EBD58"/>
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        <balance>1575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1575000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (Southwestern Law School) Series 2021</title>
        <cusip>13048VB56</cusip>
        <identifiers>
          <isin value="US13048VB560"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107541.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>RB (Academy of Motion Picture Arts &amp; Sciences) Series 2015A</title>
        <cusip>13034AHR4</cusip>
        <identifiers>
          <isin value="US13034AHR41"/>
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        <balance>1635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1655135.19000000</valUSD>
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        <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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pacifica</name>
        <lei>N/A</lei>
        <title>Wastewater RB Series 2017</title>
        <cusip>695103AL5</cusip>
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          <isin value="US695103AL57"/>
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        <balance>1030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1126966.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oceanside Successor Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Tax Allocation Refunding Bonds Series 2015A</title>
        <cusip>67537RAJ0</cusip>
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          <isin value="US67537RAJ05"/>
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        <balance>600000.00000000</balance>
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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>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COP Series 2022A</title>
        <cusip>130493CA5</cusip>
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          <isin value="US130493CA54"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fresno USD</name>
        <lei>549300WL4QIP65TFU882</lei>
        <title>GO Bonds Series 2016A</title>
        <cusip>3582324K9</cusip>
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          <isin value="US3582324K98"/>
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        <balance>1120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>761122.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sierra View Healthcare District</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2020</title>
        <cusip>82650PDH5</cusip>
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          <isin value="US82650PDH55"/>
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        <balance>630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>665861.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oxnard Financing Auth</name>
        <lei>N/A</lei>
        <title>Wastewater Refunding RB Series 2014</title>
        <cusip>691878BM3</cusip>
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          <isin value="US691878BM32"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1788201.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement (Gold Country) Sub Refunding Bonds Series 2020B1</title>
        <cusip>13016NJA3</cusip>
        <identifiers>
          <isin value="US13016NJA37"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187972.55000000</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>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>San Diego Assoc of Governments</name>
        <lei>N/A</lei>
        <title>Capital Grant Receipts RB (Mid Coast Corridor Transit) Series 2019A</title>
        <cusip>797258AC4</cusip>
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        <name>Perris Elementary SD</name>
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        <name>Hastings College of the Law</name>
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        <lei>N/A</lei>
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          <isin value="US778388AP38"/>
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        <name>Perris Elementary SD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2023</title>
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        <name>California Statewide Communities Development Auth</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Inglewood USD</name>
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        <name>American Canyon Finance Auth</name>
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        <name>Pico Rivera Public Financing Auth</name>
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        <name>California Health Facilities Financing Auth</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>Novato</name>
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        <name>Los Angeles Cnty Public Works Financing Auth</name>
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        <name>California Municipal Finance Auth</name>
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        <name>Corona-Norco USD</name>
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        <name>California</name>
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        <name>Ceres Successor Redevelopment Agency</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Mateo Cnty CCD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2018</title>
        <cusip>799038NK6</cusip>
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          <isin value="US799038NK61"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1260294.32000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A</title>
        <cusip>13016NEU4</cusip>
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          <isin value="US13016NEU46"/>
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        <balance>1510000.00000000</balance>
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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>2036-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (HumanGood California) Series 2019A</title>
        <cusip>13048VKP2</cusip>
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          <isin value="US13048VKP21"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hastings Campus Housing Financing Auth</name>
        <lei>N/A</lei>
        <title>Campus Housing RB Series 2020A</title>
        <cusip>418338AA7</cusip>
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          <isin value="US418338AA70"/>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2399451.32000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Cnty Regional Airport Auth</name>
        <lei>N/A</lei>
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        <cusip>79739GGF7</cusip>
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          <isin value="US79739GGF72"/>
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        <balance>1360000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>Rosedale-Rio Bravo Water Storage District</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2020A</title>
        <cusip>77735ABA4</cusip>
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          <isin value="US77735ABA43"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Industrial, Tourist, Educational, Medical &amp; Env</name>
        <lei>N/A</lei>
        <title>Hospital Refunding RB Series 2021</title>
        <cusip>74527EFL7</cusip>
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          <isin value="US74527EFL74"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fresno Jt Power Finance Auth</name>
        <lei>N/A</lei>
        <title>Lease Refunding RB Series 2017A</title>
        <cusip>358184PN3</cusip>
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          <isin value="US358184PN30"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>East Side UHSD</name>
        <lei>549300FHNKBG2V8ZLG85</lei>
        <title>GO Refunding Bonds Series 2013</title>
        <cusip>275282GC9</cusip>
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          <isin value="US275282GC98"/>
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        <balance>3000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COP Series 2022A</title>
        <cusip>130493CB3</cusip>
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          <isin value="US130493CB38"/>
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        <balance>115000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>East Bay Regional Park District</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2022A1</title>
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        <name>Riverside Cnty</name>
        <lei>N/A</lei>
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          <isin value="US76913DEG88"/>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>RB Series 2021B</title>
        <cusip>13035ABX6</cusip>
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          <isin value="US13035ABX63"/>
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        <balance>360000.00000000</balance>
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        <name>Alameda Corridor Transportation Auth</name>
        <lei>N/A</lei>
        <title>2nd Sub Lien Refunding RB Series 2022C</title>
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          <isin value="US010869JS57"/>
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      <invstOrSec>
        <name>Cucamonga Valley Water District Financing Auth</name>
        <lei>N/A</lei>
        <title>Water Refunding RB Series 2021B</title>
        <cusip>22972PDC3</cusip>
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          <isin value="US22972PDC32"/>
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        <balance>150000.00000000</balance>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>San Francisco Successor Redevelopment Agency</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>Subordinate Tax Allocation Refunding Bonds Series 2014C</title>
        <cusip>79770GBL9</cusip>
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        <balance>305000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Los Angeles Harbor Dept</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2015A</title>
        <cusip>544552YY2</cusip>
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          <isin value="US544552YY27"/>
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        <balance>850000.00000000</balance>
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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>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Diablo Water District</name>
        <lei>N/A</lei>
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        <name>Oakland USD</name>
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        <name>California Public Finance Auth</name>
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        <name>Rosedale-Rio Bravo Water Storage District</name>
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        <name>Val Verde USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2021B</title>
        <cusip>91882RJD5</cusip>
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          <isin value="US91882RJD52"/>
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        <name>Compton USD</name>
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        <name>California</name>
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        <title>GO Refunding Bonds Series 2017</title>
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        <name>Madera Irrigation District</name>
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        <name>San Francisco Airport Commission</name>
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        <name>Greenfield Redevelopment Agency</name>
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        <name>Lancaster Redevelopment Agency</name>
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        <name>Inglewood USD</name>
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      <invstOrSec>
        <name>Indian Wells Successor Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Consolidated Whitewater Redevelopment Sub Tax Allocation Refunding Bonds Series 2015A</title>
        <cusip>45454RAM8</cusip>
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          <isin value="US45454RAM88"/>
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      <invstOrSec>
        <name>Los Angeles Cnty Redevelopment Refunding Auth</name>
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          <isin value="US54465ADG40"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Goleta Water District</name>
        <lei>N/A</lei>
        <title>Refunding COP Series 2014A</title>
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          <isin value="US38162EDL48"/>
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        <curCd>USD</curCd>
        <valUSD>912380.49000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Hastings College of the Law</name>
        <lei>N/A</lei>
        <title>Refunding Bonds Series 2017</title>
        <cusip>418342CM1</cusip>
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          <isin value="US418342CM11"/>
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        <balance>1115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1206999.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California</name>
        <lei>N/A</lei>
        <title>GO Bonds</title>
        <cusip>13063CEQ9</cusip>
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          <isin value="US13063CEQ96"/>
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        <balance>1815000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1834182.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A</title>
        <cusip>13016NEW0</cusip>
        <identifiers>
          <isin value="US13016NEW02"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326819.15000000</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>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>M/F Housing Refunding RB (Kelvin Court) Series 2012B</title>
        <cusip>13079PTU7</cusip>
        <identifiers>
          <isin value="US13079PTU74"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.92000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco Airport Commission</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>RB 2nd Series 2019E</title>
        <cusip>79766DRY7</cusip>
        <identifiers>
          <isin value="US79766DRY75"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>441042.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kern Cnty</name>
        <lei>N/A</lei>
        <title>Refunding COP Series 2016A</title>
        <cusip>49225HKU1</cusip>
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          <isin value="US49225HKU13"/>
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        <balance>3020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3054385.72000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Public Finance Auth</name>
        <lei>N/A</lei>
        <title>RB (Sharp Healthcare) Series 2017C</title>
        <cusip>13057EBE3</cusip>
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          <isin value="US13057EBE32"/>
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        <balance>3260000.00000000</balance>
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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>2052-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.55000000</annualizedRt>
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      <invstOrSec>
        <name>Greenfield Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Tax Allocation Refunding Bonds Series 2016</title>
        <cusip>394849AN3</cusip>
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          <isin value="US394849AN39"/>
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        <balance>730000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Compton USD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2016F</title>
        <cusip>204736EN8</cusip>
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          <isin value="US204736EN81"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Southern California Public Power Auth</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Refunding RB Series 2020-1</title>
        <cusip>84247PLL3</cusip>
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          <isin value="US84247PLL30"/>
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        <balance>3000000.00000000</balance>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>West Hills CCD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2016B</title>
        <cusip>95330PGZ2</cusip>
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          <isin value="US95330PGZ27"/>
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        <balance>450000.00000000</balance>
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          <maturityDt>2026-08-01</maturityDt>
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      <invstOrSec>
        <name>Lynwood USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series E</title>
        <cusip>551800KH7</cusip>
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          <isin value="US551800KH78"/>
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        <balance>2290000.00000000</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>2043-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>East Side UHSD</name>
        <lei>549300FHNKBG2V8ZLG85</lei>
        <title>Refunding GO Bonds Series 2020</title>
        <cusip>275282PL9</cusip>
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          <isin value="US275282PL96"/>
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        <balance>1200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>Refunding RB (Walt Disney Family Museum) Series 2016</title>
        <cusip>13034AKV1</cusip>
        <identifiers>
          <isin value="US13034AKV16"/>
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        <balance>350000.00000000</balance>
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      <invstOrSec>
        <name>Oakley Successor Redevelopment Agency</name>
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        <name>Diablo Water District</name>
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          <isin value="US25245ACA51"/>
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        <name>San Francisco Airport Commission</name>
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          <isin value="US79766DTB54"/>
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          <isin value="US79766DUD91"/>
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        <name>California Health Facilities Financing Auth</name>
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      <invstOrSec>
        <name>Riverside Cnty Transportation Commission</name>
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          <isin value="US769125ED35"/>
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        <name>Cordova Recreation &amp; Park District</name>
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        <name>California Statewide Communities Development Auth</name>
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        <cusip>13078RGE4</cusip>
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          <isin value="US13078RGE45"/>
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        <name>California Statewide Communities Development Auth</name>
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        <name>Puerto Rico Industrial, Tourist, Educational, Medical &amp; Env</name>
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        <name>Oxnard Financing Auth</name>
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        <name>Long Beach CCD</name>
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        <name>California</name>
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        <name>Livermore Valley Joint USD</name>
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        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <isin value="US13078RGC88"/>
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      <invstOrSec>
        <name>California</name>
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        <title>GO Refunding Bonds</title>
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      <invstOrSec>
        <name>Santa Cruz Cnty Capital Financing Auth</name>
        <lei>N/A</lei>
        <title>Lease RB Series 2014</title>
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          <isin value="US80181PAM95"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (HumanGood California) Series 2019A</title>
        <cusip>13048VKR8</cusip>
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          <isin value="US13048VKR86"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502499.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RB (Montage Health) Series 2021A</title>
        <cusip>13080SG24</cusip>
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          <isin value="US13080SG246"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Springs USD</name>
        <lei>549300VO66CCEHGE5291</lei>
        <title>GO Refunding Bonds Series 2016</title>
        <cusip>6966673C6</cusip>
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          <isin value="US6966673C63"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Richmond Jt Powers Financing Auth</name>
        <lei>549300O54N3JTBY74Q35</lei>
        <title>Refunding RB Series 2019B</title>
        <cusip>764440JZ7</cusip>
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          <isin value="US764440JZ74"/>
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        <balance>1000000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Compton USD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2016F</title>
        <cusip>204736EL2</cusip>
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          <isin value="US204736EL26"/>
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        <balance>250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>California Health Facilities Financing Auth</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>RB (Adventist Health System) Series 2011A</title>
        <cusip>13032UUX4</cusip>
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          <isin value="US13032UUX44"/>
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        <balance>2625000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Susanville Natural Gas</name>
        <lei>N/A</lei>
        <title>Natural Gas Refunding RB Series 2019</title>
        <cusip>869082AL1</cusip>
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          <isin value="US869082AL12"/>
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        <balance>680000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chico</name>
        <lei>N/A</lei>
        <title>Sewer Refunding RB Series 2020</title>
        <cusip>168519AD8</cusip>
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          <isin value="US168519AD87"/>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>790672.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Carpinteria Valley Water District</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2020A</title>
        <cusip>14440RBC2</cusip>
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          <isin value="US14440RBC25"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2016</title>
        <cusip>13063CX39</cusip>
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          <isin value="US13063CX399"/>
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        <balance>1290000.00000000</balance>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Contra Costa USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2002C</title>
        <cusip>952347QD7</cusip>
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          <isin value="US952347QD76"/>
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        <balance>2885000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Oxnard SD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series D</title>
        <cusip>692020H86</cusip>
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          <isin value="US692020H862"/>
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        <balance>1365000.00000000</balance>
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        <name>Inglewood USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series A</title>
        <cusip>457110KM5</cusip>
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          <isin value="US457110KM50"/>
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        <balance>685000.00000000</balance>
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          <maturityDt>2037-08-01</maturityDt>
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      <invstOrSec>
        <name>Ross Valley Public Financing Auth</name>
        <lei>N/A</lei>
        <title>RB (Marin Cnty Sanitary District #1) Series 2013</title>
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          <isin value="US778388AT59"/>
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        <balance>1000000.00000000</balance>
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          <maturityDt>2043-10-01</maturityDt>
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        <name>Pomona</name>
        <lei>N/A</lei>
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        <cusip>732095BJ2</cusip>
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          <isin value="US732095BJ28"/>
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        <balance>55000.00000000</balance>
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          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Fresno Jt Power Finance Auth</name>
        <lei>N/A</lei>
        <title>Lease Refunding RB Series 2017A</title>
        <cusip>358184PQ6</cusip>
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          <isin value="US358184PQ60"/>
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        <balance>1415000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Hills CCD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2016B</title>
        <cusip>95330PHE8</cusip>
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          <isin value="US95330PHE88"/>
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        <balance>635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>682841.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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          <isin value="US92642CAJ36"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Foothill Eastern Transportation Corridor Agency</name>
        <lei>N/A</lei>
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          <isin value="US345105JH47"/>
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      <invstOrSec>
        <name>Oceanside Successor Redevelopment Agency</name>
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        <name>Sacramento Cnty</name>
        <lei>549300OXI5MD45L13R20</lei>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>Refunding RB (Los Angeles Cnty Museum of Natural History) Series 2020</title>
        <cusip>13034AK82</cusip>
        <identifiers>
          <isin value="US13034AK821"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Educational Facilities Auth</name>
        <lei>N/A</lei>
        <title>RB (Art Center College of Design) Series 2018A</title>
        <cusip>130179PF5</cusip>
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          <isin value="US130179PF55"/>
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        <balance>1250000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (Institute of Aging) Series 2017</title>
        <cusip>13048T3P6</cusip>
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          <isin value="US13048T3P60"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018</title>
        <cusip>13081KAE0</cusip>
        <identifiers>
          <isin value="US13081KAE01"/>
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        <balance>870000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RB (Adventist Health System West) Series 2018A</title>
        <cusip>13080SWJ9</cusip>
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          <isin value="US13080SWJ94"/>
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        <balance>1765000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Cnty Regional Airport Auth</name>
        <lei>N/A</lei>
        <title>Sub Airport RB Series 2017B</title>
        <cusip>79739GGD2</cusip>
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          <isin value="US79739GGD25"/>
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        <balance>1980000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018</title>
        <cusip>13081KAP5</cusip>
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          <isin value="US13081KAP57"/>
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        <balance>1355000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Desert CCD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2018</title>
        <cusip>250375HT2</cusip>
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          <isin value="US250375HT24"/>
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        <balance>415000.00000000</balance>
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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>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>West Hills CCD</name>
        <lei>N/A</lei>
        <title>GO Refunding Bonds Series 2016B</title>
        <cusip>95330PHD0</cusip>
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          <isin value="US95330PHD06"/>
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        <name>California Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A</title>
        <cusip>13016NGJ7</cusip>
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        <balance>100000.00000000</balance>
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        <name>California Health Facilities Financing Auth</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>RB (CommonSpirit Health) Series 2020A</title>
        <cusip>13032UXE3</cusip>
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          <isin value="US13032UXE36"/>
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        <issuerCat>MUN</issuerCat>
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        <name>Chico</name>
        <lei>N/A</lei>
        <title>Sewer Refunding RB Series 2020</title>
        <cusip>168519AK2</cusip>
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          <isin value="US168519AK21"/>
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        <balance>50000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>Refunding RB (Walt Disney Family Museum) Series 2016</title>
        <cusip>13034AKU3</cusip>
        <identifiers>
          <isin value="US13034AKU33"/>
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        <balance>330000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <name>Fort Bragg USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series B</title>
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          <isin value="US347028LL47"/>
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      <invstOrSec>
        <name>Inglewood USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series B</title>
        <cusip>457110LD4</cusip>
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          <isin value="US457110LD43"/>
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        <name>Pasadena</name>
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          <isin value="US702204NK06"/>
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        <name>Inglewood USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series B</title>
        <cusip>457110LF9</cusip>
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          <isin value="US457110LF90"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (Eisenhower Medical Center) Series 2017B</title>
        <cusip>13048T4X8</cusip>
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          <isin value="US13048T4X85"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oakland USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2019A</title>
        <cusip>672325H34</cusip>
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          <isin value="US672325H349"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Truckee Donner Public Utility District</name>
        <lei>N/A</lei>
        <title>Water System Refunding RB Series 2015</title>
        <cusip>89781PAL6</cusip>
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          <isin value="US89781PAL67"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Independent Cities Finance Auth</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Mobile Home Park Refunding RB (Union City Tropics) Series 2019</title>
        <cusip>45385LMD2</cusip>
        <identifiers>
          <isin value="US45385LMD28"/>
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        <balance>810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>821894.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Health Facilities Financing Auth</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>RB (Childrens Hospital of Orange Cnty) Series 2019A</title>
        <cusip>13032UTL2</cusip>
        <identifiers>
          <isin value="US13032UTL25"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570361.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Diablo Water District</name>
        <lei>N/A</lei>
        <title>Water Revenue COP Series 2019</title>
        <cusip>25245ABY4</cusip>
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          <isin value="US25245ABY47"/>
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        <balance>490000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Novato</name>
        <lei>N/A</lei>
        <title>Special Tax Refunding Bonds Series 2020</title>
        <cusip>669883GS3</cusip>
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          <isin value="US669883GS30"/>
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        <balance>140000.00000000</balance>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Insured Refunding RB (Channing House) Series 2017A</title>
        <cusip>13048TY49</cusip>
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          <isin value="US13048TY491"/>
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        <balance>360000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Susanville Natural Gas</name>
        <lei>N/A</lei>
        <title>Natural Gas Refunding RB Series 2019</title>
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          <isin value="US869082AJ65"/>
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        <balance>615000.00000000</balance>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>San Francisco Successor Redevelopment Agency</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>Subordinate Tax Allocation Refunding Bonds Series 2014C</title>
        <cusip>79770GBF2</cusip>
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          <isin value="US79770GBF28"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-01</maturityDt>
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      <invstOrSec>
        <name>Carpinteria Valley Water District</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2020A</title>
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        <balance>150000.00000000</balance>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>RB Series 2021</title>
        <cusip>13048VXH6</cusip>
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          <isin value="US13048VXH67"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hastings College of the Law</name>
        <lei>N/A</lei>
        <title>Refunding Bonds Series 2017</title>
        <cusip>418342CK5</cusip>
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          <isin value="US418342CK54"/>
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        <balance>1100000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
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        <name>California School Finance Auth</name>
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          <isin value="US13059TER68"/>
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        <name>Los Angeles Dept of Airports</name>
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          <isin value="US544445FD67"/>
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        <name>Chico</name>
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          <isin value="US168519AF36"/>
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        <name>Lake Tahoe USD</name>
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        <title>GO Refunding Bonds Series 2019</title>
        <cusip>511012NE2</cusip>
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          <isin value="US511012NE27"/>
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        <name>Santa Cruz Cnty Capital Financing Auth</name>
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          <isin value="US80181PAN78"/>
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        <name>Franklin-McKinley SD</name>
        <lei>N/A</lei>
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          <isin value="US353856H349"/>
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        <name>California Statewide Communities Development Auth</name>
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        <name>Port of Oakland</name>
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        <name>California Municipal Finance Auth</name>
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        <name>Fresno USD</name>
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        <title>GO Bonds Series 2016A</title>
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        <name>Los Angeles Community Facilities District #4</name>
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        <name>Kern Cnty Water Agency Improvement District #4</name>
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        <name>San Mateo Foster City Public Finance Auth</name>
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        <name>Cotati-Rohnert Park USD</name>
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        <title>GO Refunding Bonds Series 2014B</title>
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        <name>California Municipal Finance Auth</name>
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        <cusip>13048VFX1</cusip>
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          <isin value="US13048VFX10"/>
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      <invstOrSec>
        <name>Richmond California Redevelopment Agency</name>
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        <name>Discovery Bay Public Financing Auth</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>California Community Choice Finance Auth</name>
        <lei>549300X8VKJ215S2R571</lei>
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          <isin value="US13013JAP12"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Novato</name>
        <lei>N/A</lei>
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        <cusip>669883GN4</cusip>
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          <isin value="US669883GN43"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>American Canyon Finance Auth</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2015</title>
        <cusip>024885AL9</cusip>
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          <isin value="US024885AL96"/>
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        <curCd>USD</curCd>
        <valUSD>722432.00000000</valUSD>
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          <maturityDt>2025-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Tobacco Securitization Auth of Northern California</name>
        <lei>N/A</lei>
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        <cusip>888794BZ6</cusip>
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          <isin value="US888794BZ63"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Peralta CCD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2022B</title>
        <cusip>713575XU7</cusip>
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          <isin value="US713575XU75"/>
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        <balance>1500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>RB (Community Health System) Series 2021A</title>
        <cusip>13048VZA9</cusip>
        <identifiers>
          <isin value="US13048VZA96"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port of Oakland</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2017D</title>
        <cusip>735000RP8</cusip>
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          <isin value="US735000RP86"/>
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        <balance>1895000.00000000</balance>
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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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Centinela Valley UHSD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2013B</title>
        <cusip>152339MT1</cusip>
        <identifiers>
          <isin value="US152339MT12"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indian Wells Successor Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Consolidated Whitewater Redevelopment Sub Tax Allocation Refunding Bonds Series 2015A</title>
        <cusip>45454RAH9</cusip>
        <identifiers>
          <isin value="US45454RAH93"/>
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        <balance>1075000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Novato</name>
        <lei>N/A</lei>
        <title>Special Tax Refunding Bonds Series 2020</title>
        <cusip>669883GP9</cusip>
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          <isin value="US669883GP90"/>
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        <balance>200000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>California</name>
        <lei>N/A</lei>
        <title>GO Bonds</title>
        <cusip>13063B5C2</cusip>
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          <isin value="US13063B5C29"/>
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        <balance>7000000.00000000</balance>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>California Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RB (Redlands Community Hospital) Series 2016</title>
        <cusip>13080SPF5</cusip>
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          <isin value="US13080SPF55"/>
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        <balance>700000.00000000</balance>
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        <name>Livermore Valley Joint USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2019</title>
        <cusip>538310K36</cusip>
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          <isin value="US538310K364"/>
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        <balance>335000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Santa Monica Public Financing Auth</name>
        <lei>N/A</lei>
        <title>Lease RB Series 2018</title>
        <cusip>802437GP2</cusip>
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          <isin value="US802437GP23"/>
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        <balance>575000.00000000</balance>
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        <name>San Diego Cnty</name>
        <lei>254900MKIGRAYVDUZ926</lei>
        <title>RB (Sanford Burnham Institute) Series 2015A</title>
        <cusip>79742YAL6</cusip>
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          <isin value="US79742YAL65"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>Carpinteria Valley Water District</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2020A</title>
        <cusip>14440RBE8</cusip>
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          <isin value="US14440RBE80"/>
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        <balance>145000.00000000</balance>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>California Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>Refunding RB (Eisenhower Medical Center) Series 2017B</title>
        <cusip>13048T4U4</cusip>
        <identifiers>
          <isin value="US13048T4U47"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>630464.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Truckee Donner Public Utility District</name>
        <lei>N/A</lei>
        <title>Water System Refunding RB Series 2015</title>
        <cusip>89781PAK8</cusip>
        <identifiers>
          <isin value="US89781PAK84"/>
        </identifiers>
        <balance>680000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>689114.31000000</valUSD>
        <pctVal>0.168886490348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</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>California Public Works Board</name>
        <lei>N/A</lei>
        <title>Lease Refunding RB Series 2022A</title>
        <cusip>13068XAM1</cusip>
        <identifiers>
          <isin value="US13068XAM11"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2337903.60000000</valUSD>
        <pctVal>0.572967834287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Cathedral City Successor Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Tax Allocation Refunding RB Series 2021A</title>
        <cusip>14916YCT4</cusip>
        <identifiers>
          <isin value="US14916YCT47"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>256713.63000000</valUSD>
        <pctVal>0.062914763728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>Banning Financing Auth</name>
        <lei>N/A</lei>
        <title>Electric System Refunding RB Series 2015</title>
        <cusip>066614BH0</cusip>
        <identifiers>
          <isin value="US066614BH09"/>
        </identifiers>
        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>679661.45000000</valUSD>
        <pctVal>0.166569805981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Victorville</name>
        <lei>N/A</lei>
        <title>Electric RB Series 2022A</title>
        <cusip>92642CAL8</cusip>
        <identifiers>
          <isin value="US92642CAL81"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>550969.50000000</valUSD>
        <pctVal>0.135030290031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RB (Viamonte Sr Living 1) Series 2018A</title>
        <cusip>13080SUN2</cusip>
        <identifiers>
          <isin value="US13080SUN25"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>333022.29000000</valUSD>
        <pctVal>0.081616307990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 Public Finance Auth</name>
        <lei>N/A</lei>
        <title>RB (Hoag Memorial Hospital Presbyterian) Series 2022B1</title>
        <cusip>13057EFQ2</cusip>
        <identifiers>
          <isin value="US13057EFQ26"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25000.00000000</valUSD>
        <pctVal>0.006126940331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.55000000</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 Public Finance Auth</name>
        <lei>N/A</lei>
        <title>RB (Henry Mayo Newhall Hospital) Series 2017</title>
        <cusip>13057EAR5</cusip>
        <identifiers>
          <isin value="US13057EAR53"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>440759.51000000</valUSD>
        <pctVal>0.108020288726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>San Jacinto USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2017</title>
        <cusip>797848HP6</cusip>
        <identifiers>
          <isin value="US797848HP68"/>
        </identifiers>
        <balance>1155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1268249.60000000</valUSD>
        <pctVal>0.310819584968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Los Angeles Cnty Public Works Financing Auth</name>
        <lei>N/A</lei>
        <title>Lease RB Series 2021F</title>
        <cusip>54473EVY7</cusip>
        <identifiers>
          <isin value="US54473EVY75"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276622.18000000</valUSD>
        <pctVal>0.067793903645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 Municipal Finance Auth</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COP Series 2022A</title>
        <cusip>130493CC1</cusip>
        <identifiers>
          <isin value="US130493CC11"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134675.44000000</valUSD>
        <pctVal>0.033005935398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 Cnty Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A</title>
        <cusip>13016NGK4</cusip>
        <identifiers>
          <isin value="US13016NGK46"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159067.53000000</valUSD>
        <pctVal>0.038983890597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 Statewide Communities Development Auth</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RB (Viamonte Sr Living 1) Series 2018A</title>
        <cusip>13080SUR3</cusip>
        <identifiers>
          <isin value="US13080SUR39"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>995431.41000000</valUSD>
        <pctVal>0.243957954112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>San Diego Cnty</name>
        <lei>254900MKIGRAYVDUZ926</lei>
        <title>RB (Sanford Burnham Institute) Series 2015A</title>
        <cusip>79742YAJ1</cusip>
        <identifiers>
          <isin value="US79742YAJ10"/>
        </identifiers>
        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>566029.75000000</valUSD>
        <pctVal>0.138721220156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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.  The fund does not have sales loads or redemption fees" noteItem="B.5.a"/>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees.  The fund does not have sales loads or redemption fees" noteItem="B.5.a"/>

      <explntrNote note="Item B.3.C, credit spread risk, for this fund has been amended from the previous filing." noteItem="B.3.c"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>SCHWAB INVESTMENTS</ncom:nameOfApplicant>
      <ncom:signature>Dana Smith</ncom:signature>
      <ncom:signerName>Dana Smith</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
