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      <regZipOrPostalCode>94403-1906</regZipOrPostalCode>
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        <name>City of Santa Clarita CA Community Facilities District No 2002-1</name>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REV</name>
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        <name>LATHROP CA CFD- MOSSDALE VLG-SER A</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>CARSON CALIF REDEV AGY</name>
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        <name>California Community Housing Agency</name>
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        <name>SIMI VALLEY 1915 ACT - MADERA 98-1</name>
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        <name>VAL VERDE CALIF UNI SCH DIST</name>
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        <name>State of California</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Santa Clara Valley Transportation Authority DV&amp;DP</name>
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        <name>ROSEVILLE CA CFD #1-WESTPARK</name>
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        <name>CALIFORNIA MUN FIN AUTH CHARTER SCHOOL REV</name>
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        <name>City of Beaumont CA</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>CALIFORNIA EDL FACS AUTH REV</name>
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      <invstOrSec>
        <name>PALOMAR HLTH CA REVENUE</name>
        <lei>N/A</lei>
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        <cusip>69752RAM7</cusip>
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          <other otherDesc="Internal Identifier" value="681426"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Electric Power Authority *DEFAULT*</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority *DEFAULT*</title>
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          <other otherDesc="Internal Identifier" value="988012"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-07-01</maturityDt>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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          <other otherDesc="Internal Identifier" value="1003370"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH NORCAL STTLMNT REV</name>
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          <other otherDesc="Internal Identifier" value="350155"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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          <other otherDesc="Internal Identifier" value="869209"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
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      <invstOrSec>
        <name>PICO RIVERA CA WTR AUTH SER A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="201554"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority **DEFAULT**</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <other otherDesc="Internal Identifier" value="988011"/>
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        <valUSD>540750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-01-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of American Canyon CA</name>
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          <other otherDesc="Internal Identifier" value="1040615"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>IRVINE CALIF UNI SCH DIST SPL TAX CFD #09-1</name>
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          <other otherDesc="Internal Identifier" value="668499"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
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        <name>SAN BERNARDINO CNTY CA CFD #2006-1 #1</name>
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          <other otherDesc="Internal Identifier" value="610888"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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        <name>INDEPENDENT CITIES CALIF FIN AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>CERES CALIF UNI SCH DIST GO</name>
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        <name>ROSEVILLE CA CFD #1-WESTPARK</name>
        <lei>549300OH100KESVPND17</lei>
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        <name>FOOTHILL/EASTERN CORRIDOR AGY CALIF TOLL RD REV</name>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>ROSEVILLE CALIF SPL TAX</name>
        <lei>549300OH100KESVPND17</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>California Statewide Communities Development Authority</name>
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        <name>California Municipal Finance Authority</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>RIVERSIDE CA PFA SALES TAX</name>
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        <name>TOBACCO SECURITIZATION AUTH NORCAL STTLMNT REV</name>
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        <name>SANTA PAULA CA UTIL AUTH WSTWTR ENTERPRISE REV</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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        <name>IMPERIAL CNTY CALIF CFD NO 98-1</name>
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        <name>SULPHUR SPRINGS CA UNION SCH DIST SPL TAX REV</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="684831"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Vista Unified School District</name>
        <lei>N/A</lei>
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          <maturityDt>2048-08-01</maturityDt>
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        <name>SAUGUS HART SCH FAC FIN AUTH CFD #2006-1</name>
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          <other otherDesc="Internal Identifier" value="624961"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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      <invstOrSec>
        <name>ROSEVILLE CALIF SPL TAX</name>
        <lei>549300OH100KESVPND17</lei>
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          <other otherDesc="Internal Identifier" value="593578"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOS ANGELES CA DEPT WTR &amp; PWR REVENUE DV&amp;DP</name>
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        <cusip>544495DL5</cusip>
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          <other otherDesc="Internal Identifier" value="643622"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RICHLAND CALIF SCH DIST</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="461612"/>
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        <curCd>USD</curCd>
        <valUSD>8926280.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rio Vista Community Facilities District</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="878977"/>
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        <valUSD>1397238.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Menifee Union School District</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1018810"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CORONA CA CFD #1-2</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="255600"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13078YKH7</cusip>
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          <other otherDesc="Internal Identifier" value="633443"/>
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        <name>California Statewide Communities Development Authority</name>
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        <name>SULPHUR SPRINGS CA UNION SCH DIST SPL TAX REV</name>
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        <name>CALIFORNIA ST STWD CMNTYS DEVAUTH STWD REVENUE</name>
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        <name>RNR SCH FING AUTH CALIF SPL TAX CFD 92-1</name>
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        <name>FONTANA CA SPL TAX</name>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>OAKLEY CA PFA REV #2006-1</name>
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        <name>RIVERSIDE CNTY CALIF REDEV AGY TAX ALLOC</name>
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        <name>San Jacinto Unified School District Financing Authority</name>
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        <name>FOOTHILL/EASTERN CORRIDOR AGY CALIF TOLL RD REV</name>
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        <name>California Educational Facilities Authority</name>
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        <name>OAKDALE CA PUBLIC FING AUTH REV</name>
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        <name>City of Roseville CA</name>
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        <name>Val Verde Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LONG BEACH CA MARINA REVENUE</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="604694"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-15</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <other otherDesc="Internal Identifier" value="1025548"/>
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        <lei>549300KTNI2GCJNX2U48</lei>
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          <other otherDesc="Internal Identifier" value="966026"/>
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        <name>SAN FRANCISCO CITY &amp; CNTY CA REDEV AGENCY</name>
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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>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>County of San Diego CA</name>
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          <other otherDesc="Internal Identifier" value="1039386"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <other otherDesc="Internal Identifier" value="993609"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-15</maturityDt>
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        <name>Riverside Unified School District</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>RIVERSIDE CNTY CALIF REDEV AGY TAX ALLOC</name>
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          <other otherDesc="Internal Identifier" value="585932"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>FREMONT CA CFD #1 PACIFIC COMMONS</name>
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          <other otherDesc="Internal Identifier" value="610265"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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      <invstOrSec>
        <name>California Community Housing Agency</name>
        <lei>N/A</lei>
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        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <cusip>130179PL2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA POLLUTION CTL FING AUTH WTR FACS REV</name>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>Rio Vista Community Facilities District</name>
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        <name>INDEPENDENT CITIES CALIF FIN AUTH</name>
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        <name>NORTH NATOMAS CMNTY FACS DIST CALIF - NO 4</name>
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        <name>ONTARIO COMMUNITY FACILITIES DISTRICT NO 28</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA MUN FIN AUTH CHARTER SCHOOL REV</name>
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        <name>ORANGE CNTY CA CMNTY FACS DIST</name>
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        <name>IRVINE CALIF UNI SCH DIST SPL TAX CFD #09-1</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV</name>
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        <name>Menifee Union School District</name>
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        <name>ROSEVILLE CALIF SPL TAX CFD NO 5 FIDDYMENT RANCH</name>
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        <name>ARTESIA CALIF REDEV AGY TAX AL TAX ALLOC</name>
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        <name>OAKLAND CALIF UNI SCH DIST ALAMEDA CNTY</name>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REV</title>
        <cusip>13049YAK7</cusip>
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          <other otherDesc="Internal Identifier" value="606340"/>
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        <curCd>USD</curCd>
        <valUSD>3735322.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Menifee Union School District</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="871634"/>
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        <curCd>USD</curCd>
        <valUSD>1179890.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>TRUCKEE-DONNER CA PUB CFD 04-1</name>
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        <title>TRUCKEE-DONNER CA PUB CFD 04-1</title>
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          <other otherDesc="Internal Identifier" value="337907"/>
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        <curCd>USD</curCd>
        <valUSD>2954651.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Irvine Unified School District</name>
        <lei>549300BNIP4XNVC0X742</lei>
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          <other otherDesc="Internal Identifier" value="1006204"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4292892.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</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 Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SUG7</cusip>
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          <other otherDesc="Internal Identifier" value="873807"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1632345.00000000</valUSD>
        <pctVal>0.048086170215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Community College Financing Authority</name>
        <lei>N/A</lei>
        <title>California Community College Financing Authority</title>
        <cusip>13012RAV1</cusip>
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          <other otherDesc="Internal Identifier" value="931868"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5461785.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>COTATI-ROHNERT PARK CA UNIF SCH DIST</name>
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          <other otherDesc="Internal Identifier" value="615978"/>
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        <curCd>USD</curCd>
        <valUSD>4723880.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority **DEFAULT**</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority **DEFAULT**</title>
        <cusip>74526QU67</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="988013"/>
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        <balance>11735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9608031.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078YMU6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="934153"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3663720.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13059TFG9</cusip>
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          <other otherDesc="Internal Identifier" value="934124"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1227160.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAKE ELSINORE CA CFD #98-1 SUMMERHILL</name>
        <lei>549300C5MCDOVNPOX172</lei>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="552876"/>
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        <curCd>USD</curCd>
        <valUSD>8839840.00000000</valUSD>
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        <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>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>ROSEVILLE CA CFD #1-WESTPARK</name>
        <lei>549300OH100KESVPND17</lei>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="609757"/>
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        <curCd>USD</curCd>
        <valUSD>1455537.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SACRAMENTO CA SPL TAX</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="670212"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2181143.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Roseville CA</name>
        <lei>549300OH100KESVPND17</lei>
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          <other otherDesc="Internal Identifier" value="1018626"/>
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        <balance>440000.00000000</balance>
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        <valUSD>515675.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LAKE TAHOE CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="520539"/>
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        <balance>1140000.00000000</balance>
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        <valUSD>1179295.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PERRIS CFD 2001-2 (VILLAGES OF AVALON)</name>
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        <title>PERRIS CFD 2001-2 (VILLAGES OF AVALON)</title>
        <cusip>714368KX4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="570263"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5032035.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REV</title>
        <cusip>13049SBB9</cusip>
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          <other otherDesc="Internal Identifier" value="577856"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1145930.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</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>Puerto Rico Electric Power Authority *DEFAULT*</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority *DEFAULT*</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DALY CITY CALIF HSG DEV FIN AGY FRANCISCAN MOBIL</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-15</maturityDt>
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      <invstOrSec>
        <name>SAN DIEGO CALIF UNI SCH DIST</name>
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          <other otherDesc="Internal Identifier" value="475039"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Roseville CA</name>
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        <title>City of Roseville CA</title>
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          <other otherDesc="Internal Identifier" value="1011664"/>
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        <curCd>USD</curCd>
        <valUSD>1193150.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>RIVERSIDE CNTY CA COMMN TOLL REV SR91</name>
        <lei>5493003G0IESJS57M350</lei>
        <title>RIVERSIDE CNTY CA COMMN TOLL REV SR91</title>
        <cusip>76912DAT5</cusip>
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          <other otherDesc="Internal Identifier" value="553794"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4393725.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
        <title>California Public Finance Authority</title>
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          <other otherDesc="Internal Identifier" value="992494"/>
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        <curCd>USD</curCd>
        <valUSD>1084600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RANCHO CORDOVA CA CFD 2005-1</name>
        <lei>N/A</lei>
        <title>RANCHO CORDOVA CA CFD 2005-1</title>
        <cusip>75211RGD3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="614080"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1388496.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ST HELENA CALIF UNI SCH DIST</name>
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          <other otherDesc="Internal Identifier" value="496320"/>
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        <balance>10000000.00000000</balance>
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        <valUSD>12870900.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority *DEFAULT*</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority *DEFAULT*</title>
        <cusip>74526QG30</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="988017"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>540750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Rancho Cordova CA</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
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        <name>SAN MATEO CALIF SPL TAX CFD NO 08-01 BAY MEADOWS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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        <name>FOOTHILL/EASTERN CORRIDOR AGY CALIF TOLL RD REV</name>
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        <name>CALIFORNIA MUN FIN AUTH CHARTER SCHOOL REV</name>
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        <name>METROPOLITAN WTR DIST SOUTHN CALIF WTRWKS REV DV&amp;DP</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>City of Sacramento CA</name>
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        <name>VERNON CALIF ELEC SYS REV</name>
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          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Riverside Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Roseville CA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST STWD CMNTYS DEVAUTH SPL TAX REVENU</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREMONT CA CFD #1 PACIFIC COMMONS</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <name>CALIFORNIA POLLUTION CTL FING AUTH WTR FACS REV</name>
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        <name>LONG BEACH CA MARINA REVENUE</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE</name>
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        <name>County of San Diego CA</name>
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        <name>Tracy Community Facilities District/CA</name>
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        <name>WEST HOLLYWOOD CALIF CMNTY DEVCOMMN TAX ALLOCATI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Folsom Ranch Financing Authority</name>
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      <invstOrSec>
        <name>FULLERTON CA CFD #2- AMERIGE HEIGHTS</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="575886"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Menifee Union School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE</name>
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          <other otherDesc="Internal Identifier" value="676058"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CALIF SPL TAX</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="648904"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048TVV2</cusip>
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          <other otherDesc="Internal Identifier" value="605855"/>
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        <valUSD>5832950.00000000</valUSD>
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        <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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PALOMAR HLTH CA REVENUE</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="647810"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LONG BEACH CA MARINA REVENUE</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="604693"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2884425.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>YUCAIPA CA SPL TAX CFD NO 98-1</name>
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        <cusip>98839UDV3</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="507939"/>
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        <balance>1800000.00000000</balance>
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        <valUSD>1909062.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
        <lei>N/A</lei>
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        <cusip>13059TCD9</cusip>
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          <other otherDesc="Internal Identifier" value="613115"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Oroville CA</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="963554"/>
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        <balance>3500000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Clovis Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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        <name>SAN FRANCISCO CALIF CITY &amp; CNTY REDEV FING AUTH</name>
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        <name>CALIFORNIA HEALTH FACS FING AUTH REV</name>
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        <name>LA VERNE CA COPS</name>
        <lei>54930008TF3OJRBUIJ91</lei>
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        <name>CALIFORNIA HEALTH FACS FING AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>COMPTON CALIF CMNTY REDEV AGY</name>
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        <name>Chula Vista Community Facilities District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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        <name>Long Beach Community College District</name>
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        <name>California Statewide Communities Development Authority</name>
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          <other otherDesc="Internal Identifier" value="1025549"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-02</maturityDt>
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        <name>SAN DIEGO CALIF UNI SCH DIST</name>
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          <other otherDesc="Internal Identifier" value="520665"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
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        <name>CALIFORNIA PUBLIC FINANCE AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Corona Community Facilities District</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>RIVERSIDE CNTY CA COMMN TOLL REV SR91</name>
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          <other otherDesc="Internal Identifier" value="553793"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TORRANCE CALIF UNI SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VICTOR CA ELEM SCH DIST</name>
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        <name>SANTA MARGARITA WTR DIST CFD 2013-1</name>
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        <name>INLAND VLY CA DEV AGY SUCCESSOR TAX ALLOCATION</name>
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        <name>TRUCKEE-DONNER CA PUB CFD 04-1</name>
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        <name>CALIFORNIA ST STWD CMNTYS DEVAUTH STWD REVENUE</name>
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        <name>IRVINE CA CFD #2013-3 GREAT PARK</name>
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        <name>Tracy Community Facilities District/CA</name>
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        <name>WOODLAND CALIF FIN AUTH REV</name>
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        <valUSD>1573725.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-01</maturityDt>
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      <invstOrSec>
        <name>Folsom Ranch Financing Authority</name>
        <lei>N/A</lei>
        <title>Folsom Ranch Financing Authority</title>
        <cusip>344414CS4</cusip>
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          <other otherDesc="Internal Identifier" value="1027095"/>
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        <curCd>USD</curCd>
        <valUSD>1182720.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH REV</title>
        <cusip>13049AAF0</cusip>
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          <other otherDesc="Internal Identifier" value="633611"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1178910.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>POWAY CALIF USD PFA SPL TAX</name>
        <lei>N/A</lei>
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        <cusip>738855YR0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="630671"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2351500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</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>SAN FRANCISCO CALIF CITY &amp; CNTY REDEV FING AUTH</name>
        <lei>5493001TPOZL3UK8DX25</lei>
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        <cusip>79772ABU0</cusip>
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          <other otherDesc="Internal Identifier" value="541625"/>
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        <curCd>USD</curCd>
        <valUSD>2825500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Corona Community Facilities District</name>
        <lei>N/A</lei>
        <title>Corona Community Facilities District</title>
        <cusip>219680EK7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="917172"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1390968.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Upland Community Facilities District</name>
        <lei>N/A</lei>
        <title>Upland Community Facilities District</title>
        <cusip>91535NDE9</cusip>
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          <other otherDesc="Internal Identifier" value="996780"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>617056.00000000</valUSD>
        <pctVal>0.018177444013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST STWD CMNTYS DEVAUTH SPL TAX REVENU</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA ST STWD CMNTYS DEVAUTH SPL TAX REVENU</title>
        <cusip>13077EFN5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="677108"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2399320.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</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 Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078YPV1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1006225"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2502280.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-02</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>ROSEVILLE CALIF SPL TAX</name>
        <lei>549300OH100KESVPND17</lei>
        <title>ROSEVILLE CALIF SPL TAX</title>
        <cusip>777870WE2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="629785"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2686170.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tracy Community Facilities District/CA</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="922159"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON TWP CALIF HEALTH CARE DIST</name>
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          <other otherDesc="Internal Identifier" value="668495"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>HARTNELL CALIF CMNTY COLLEGE DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <other otherDesc="Internal Identifier" value="577880"/>
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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>2049-08-15</maturityDt>
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        <name>EL RANCHO CA USD GO</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>UNIV OF CALIFORNIA CA REVENUES DV&amp;DP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Corona Community Facilities District</name>
        <lei>N/A</lei>
        <title>Corona Community Facilities District</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tracy Community Facilities District/CA</name>
        <lei>N/A</lei>
        <title>Tracy Community Facilities District/CA</title>
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        <balance>2385000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Azusa CA</name>
        <lei>N/A</lei>
        <title>City of Azusa CA</title>
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          <other otherDesc="Internal Identifier" value="1026665"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dublin Community Facilities District No 2015-1</name>
        <lei>N/A</lei>
        <title>Dublin Community Facilities District No 2015-1</title>
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          <other otherDesc="Internal Identifier" value="993167"/>
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        <curCd>USD</curCd>
        <valUSD>114199.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048TW90</cusip>
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          <other otherDesc="Internal Identifier" value="663660"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1355926.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE</name>
        <lei>N/A</lei>
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        <cusip>13058TFY1</cusip>
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          <other otherDesc="Internal Identifier" value="680101"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402080.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <other otherDesc="Internal Identifier" value="966027"/>
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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>2048-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COACHELLA VALLEY CALIF UNI SCH DIST GO</name>
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          <other otherDesc="Internal Identifier" value="525166"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVERSIDE CNTY CALIF REDEV AGY TAX ALLOC</name>
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          <other otherDesc="Internal Identifier" value="469585"/>
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        <curCd>USD</curCd>
        <valUSD>3093270.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Norco Financing Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1026890"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Roseville CA</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority *DEFAULT*</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <other otherDesc="Internal Identifier" value="988019"/>
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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>2021-01-01</maturityDt>
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      <invstOrSec>
        <name>PERRIS CA JPA CFD # 2014-1 A AVELINA</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Folsom Ranch Financing Authority</name>
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        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEV BK REV</name>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>Golden State Tobacco Securitization Corp</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>INDEPENDENT CITIES CALIF FIN AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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          <other otherDesc="Internal Identifier" value="613116"/>
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      <invstOrSec>
        <name>M-S-R ENERGY AUTH CALIF</name>
        <lei>549300UEMSS1JTK5YB98</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>City of Fontana CA</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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        <name>Irvine Unified School District</name>
        <lei>549300BNIP4XNVC0X742</lei>
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          <other otherDesc="Internal Identifier" value="877321"/>
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        <valUSD>2411640.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>LANCASTER CALIF REDEV AGY TAX ALLOCATION</name>
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          <other otherDesc="Internal Identifier" value="663348"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REV</name>
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          <other otherDesc="Internal Identifier" value="606342"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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          <other otherDesc="Internal Identifier" value="999476"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <other otherDesc="Internal Identifier" value="675235"/>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOS ANGELES CA DEPT WTR &amp; PWR REVENUE DV&amp;DP</name>
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        <cusip>544495DW1</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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      <invstOrSec>
        <name>YUCAIPA CA SPL TAX CFD NO 98-1</name>
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          <other otherDesc="Internal Identifier" value="507944"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>YORBA LINDA CALIF REDEV AGY TAX ALLOCATION REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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        <name>State of California</name>
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        <name>City of Dixon CA</name>
        <lei>N/A</lei>
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        <name>Puerto Rico Electric Power Authority **DEFAULT**</name>
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        <assetCat>DBT</assetCat>
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        <name>San Jacinto Unified School District Financing Authority</name>
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        <name>City of Woodland CA</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>LOS ALAMITOS CALIF UNI SCH DIS COPS</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTH CALIF TOLL BRDG REV</name>
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        <name>IMPERIAL CALIF CMNTY COLLEGE DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>IRVINE CA CFD #2013-3 GREAT PARK</name>
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          <other otherDesc="Internal Identifier" value="583320"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SUSANVILLE CALIF SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REV</name>
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        <cusip>13049SAN4</cusip>
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          <other otherDesc="Internal Identifier" value="565813"/>
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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>2048-11-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Azusa CA</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1026666"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <other otherDesc="Internal Identifier" value="608690"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
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        <name>Dublin Community Facilities District No 2015-1</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>INDEPENDENT CITIES CALIF FIN AUTH</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>COMPTON CALIF CMNTY REDEV AGY</name>
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        <name>GUAM GOVT WTRWKS AUTH WTR &amp; WSTWTR SYS REVENUE</name>
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        <name>CENTINELA VALLEY CA USD GO</name>
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        <name>Menifee Union School District</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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        <name>Fairfield Community Facilities District</name>
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          <other otherDesc="Internal Identifier" value="993610"/>
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          <maturityDt>2049-11-15</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <other otherDesc="Internal Identifier" value="983668"/>
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      <invstOrSec>
        <name>DUBLIN CA CMNTY FACS DIST IMPT AREA NO 1 SPL TAX</name>
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          <other otherDesc="Internal Identifier" value="672349"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH MOBILE HOME PARK REV</name>
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          <other otherDesc="Internal Identifier" value="667948"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
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          <other otherDesc="Internal Identifier" value="978834"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tobacco Securitization Authority of Southern California</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1019324"/>
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        <name>CHINO CA CFD #2003-3 IMPROVE AREA # 6</name>
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        <name>CENTINELA VALLEY CA USD GO</name>
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        <name>SAN FRANCISCO CITY &amp; CNTY CA REDEV AGENCY</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
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        <name>Corona-Norco Unified School District</name>
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        <name>California Housing Finance</name>
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        <name>City of Roseville CA</name>
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      <invstOrSec>
        <name>Dublin Community Facilities District No 2015-1</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CENTRAL CA SCH DIST SAN BERNARDINO CNTY</name>
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          <other otherDesc="Internal Identifier" value="602857"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Los Angeles Department of Airports</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>LAMMERSVILLE CA JT USD CFD #2014-1</name>
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          <maturityDt>2047-09-01</maturityDt>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1046110"/>
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      <invstOrSec>
        <name>Menifee Union School District</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAUGUS CA USD CFD #2006-1 IMPT AREA 3 SENIOR LIE</name>
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          <other otherDesc="Internal Identifier" value="585223"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA CNTY TOB STL - LOS ANGELES CNTY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>City of Irvine CA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>Eastern Municipal Water District DV&amp;DP</name>
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        <name>CALIFORNIA ST DV&amp;DP</name>
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        <name>California School Finance Authority</name>
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        <name>FONTANA CA SPL TAX</name>
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        <name>CALIFORNIA EDL FACS AUTH REV</name>
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        <name>CORONA CALIF CFD 2003-2 - HIGHLANDS</name>
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        <name>COACHELLA VALLEY CALIF UNI SCH DIST GO</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Murrieta Community Facilities District</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="932932"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-01</maturityDt>
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      <invstOrSec>
        <name>SAN DIEGO CA TOBACCO SETTLEMENT REVENUE FUNDING</name>
        <lei>N/A</lei>
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        <cusip>797330AP2</cusip>
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          <other otherDesc="Internal Identifier" value="686394"/>
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        <valUSD>992232.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
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      <invstOrSec>
        <name>Folsom Ranch Financing Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="875685"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>726750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chula Vista Community Facilities District</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="877200"/>
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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>2048-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VCE6</cusip>
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          <other otherDesc="Internal Identifier" value="1016556"/>
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        <curCd>USD</curCd>
        <valUSD>8226360.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VKK3</cusip>
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          <other otherDesc="Internal Identifier" value="996784"/>
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        <curCd>USD</curCd>
        <valUSD>4834279.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority **DEFAULT**</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority **DEFAULT**</title>
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          <other otherDesc="Internal Identifier" value="988008"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20531250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LATHROP CA CFD- MOSSDALE VLG-SER A</name>
        <lei>N/A</lei>
        <title>LATHROP CA CFD- MOSSDALE VLG-SER A</title>
        <cusip>518251BQ5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="562930"/>
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        <balance>3670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3944589.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CALIF REDEV AGY TAX ALLOC</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CALIF REDEV AGY TAX ALLOC</title>
        <cusip>79730PBT1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="475582"/>
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        <balance>2315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2371879.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST UNIV REV</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="609339"/>
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        <balance>14980000.00000000</balance>
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        <valUSD>18124302.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13059TFU8</cusip>
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          <other otherDesc="Internal Identifier" value="987081"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1240890.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>CAPISTRANO CA UNIF SCH DIST CMNTY FACS DIST #2005-1</name>
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        <cusip>139705LG0</cusip>
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          <other otherDesc="Internal Identifier" value="562990"/>
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        <balance>4955000.00000000</balance>
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        <valUSD>5530225.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
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          <other otherDesc="Internal Identifier" value="1019629"/>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST EDUCTNL FACS AUTH REVENUE</name>
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          <other otherDesc="Internal Identifier" value="682021"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2036-10-01</maturityDt>
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        <name>SAN FRANCISCO CALIF CITY &amp; CNTY REDEV FING AUTH</name>
        <lei>5493001TPOZL3UK8DX25</lei>
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        <cusip>79770GAW6</cusip>
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          <other otherDesc="Internal Identifier" value="571234"/>
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        <valUSD>2873400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Menifee Union School District</name>
        <lei>N/A</lei>
        <title>Menifee Union School District</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>ONTARIO COMMUNITY FACILITIES DISTRICT NO 28</name>
        <lei>N/A</lei>
        <title>ONTARIO COMMUNITY FACILITIES DISTRICT NO 28</title>
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          <other otherDesc="Internal Identifier" value="662186"/>
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        <balance>500000.00000000</balance>
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        <valUSD>574920.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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      <invstOrSec>
        <name>City of Roseville CA</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>INDEPENDENT CITIES CALIF FIN AUTH</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Victor Elementary School District Community Facility District</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="879149"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rocklin CA</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="978588"/>
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        <valUSD>2315280.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>IRVINE CALIF UNI SCH DIST SPL TAX CFD #09-1</name>
        <lei>549300BNIP4XNVC0X742</lei>
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        <cusip>463612JD4</cusip>
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          <other otherDesc="Internal Identifier" value="668509"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>845859.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABAG FIN AUTH FOR NONPROFIT CORPS CALIF</name>
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        <cusip>00037CRW2</cusip>
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          <other otherDesc="Internal Identifier" value="504319"/>
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        <balance>7500000.00000000</balance>
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        <valUSD>7980150.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>LEMON GROVE CALIF SCH DIST</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="478188"/>
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        <balance>6500000.00000000</balance>
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        <valUSD>7226635.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1009064"/>
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        <balance>1950000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <other otherDesc="Internal Identifier" value="675236"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PORTERVILLE CALIF PUB FING AUTH SWR REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
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      <invstOrSec>
        <name>City of Roseville CA</name>
        <lei>549300OH100KESVPND17</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Dublin Community Facilities District No 2015-1</name>
        <lei>N/A</lei>
        <title>Dublin Community Facilities District No 2015-1</title>
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        <name>LONG BEACH CALIF FIN AUTH NAT GAS PUR  REV</name>
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        <cusip>54241AAV5</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARAMOUNT CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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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>2051-08-01</maturityDt>
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      <invstOrSec>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>KAWEAH DELTA CA HLTH CARE DIST</name>
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        <name>CLOVIS CALIF UNI SCH DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>University of California DV&amp;DP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Tracy Community Facilities District/CA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IRVINE CALIF UNI SCH DIST SPL TAX CFD #09-1</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp; CNTY REDEV FING AUTH</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
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        <name>SAN MATEO CALIF SPL TAX CFD NO 08-01 BAY MEADOWS</name>
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        <name>California Municipal Finance Authority</name>
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      <invstOrSec>
        <name>Dublin Community Facilities District No 2015-1</name>
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        <name>SACRAMENTO CA SPL TAX</name>
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        <name>CASITAS MUNICIPAL WATER DISTRICT</name>
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        <name>DUBLIN CA CMNTY FACS DIST IMPT AREA NO 1 SPL TAX</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>ORANGE CNTY CA CMNTY FACS DIST</name>
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        <name>SAN CLEMENTE CFD 2006-1</name>
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        <name>MENDOCINO-LAKE CMNTY COLLEGE DIST CALIF</name>
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        <name>SAN BUENAVENTURA CALIF REV</name>
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        <name>IRVINE CALIF UNI SCH DIST SPL TAX CFD #09-1</name>
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        <name>UNIVERSITY CALIF REGENTS DV&amp;DP</name>
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        <name>SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL</name>
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        <name>MORELAND CA SCH DIST GO</name>
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        <name>RIVERSIDE CNTY CALIF REDEV AGY TAX ALLOC</name>
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        <name>MERCED CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>ONTARIO CA CMNTY FACS DIST #31SPL TAX</name>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2039-11-01</maturityDt>
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        <name>LA VERNE CA MOBILE HOME REV</name>
        <lei>54930008TF3OJRBUIJ91</lei>
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          <other otherDesc="Internal Identifier" value="578913"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-15</maturityDt>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>13059TFH7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SAN JOSE CALIF ARPT REV</name>
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          <maturityDt>2042-03-01</maturityDt>
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        <name>ROSEVILLE CALIF SPL TAX</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>Irvine Unified School District</name>
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        <name>LOMA LINDA CALIF HOSP REV</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>Dublin Community Facilities District No 2015-1</name>
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        <name>ARTESIA CALIF REDEV AGY TAX AL TAX ALLOC</name>
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        <name>California School Finance Authority</name>
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        <name>ROWLAND CALIF UNI SCH DIST</name>
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        <name>CALIFORNIA HEALTH FACS FING AUTH REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Lammersville Joint Unified School District</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="963543"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SANTA BARBARA CALIF ELEM SCH DIST</name>
        <lei>549300PQRSK15XOJN302</lei>
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        <cusip>801257LU8</cusip>
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          <other otherDesc="Internal Identifier" value="493804"/>
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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>2036-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>ROMOLAND SCH DIST CALIF CFD #1 - IMPT AREA 3</name>
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        <cusip>776192LH7</cusip>
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          <other otherDesc="Internal Identifier" value="548433"/>
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        <curCd>USD</curCd>
        <valUSD>1659690.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Beaumont CA</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="966786"/>
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        <curCd>USD</curCd>
        <valUSD>469412.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tracy Community Facilities District/CA</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="999312"/>
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        <curCd>USD</curCd>
        <valUSD>1516364.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
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          <other otherDesc="Internal Identifier" value="987077"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INDEPENDENT CITIES CALIF FIN AUTH</name>
        <lei>549300ZZZYTBUL6FR983</lei>
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        <cusip>45385LHZ9</cusip>
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          <other otherDesc="Internal Identifier" value="608839"/>
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        <balance>4900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5680374.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-15</maturityDt>
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          <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 EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA EDL FACS AUTH REV</title>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="608350"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5907150.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TJL5</cusip>
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          <other otherDesc="Internal Identifier" value="1046112"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>873172.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BALDWIN PARK CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="566661"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2692900.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
        <lei>N/A</lei>
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        <cusip>13058TEU0</cusip>
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          <other otherDesc="Internal Identifier" value="659951"/>
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        <balance>845000.00000000</balance>
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        <valUSD>931342.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TURLOCK CALIF PUB FING AUTH TAX ALLOC REV</name>
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          <other otherDesc="Internal Identifier" value="487074"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
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          <other otherDesc="Internal Identifier" value="1045875"/>
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          <maturityDt>2040-09-01</maturityDt>
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        <name>OAKLEY CA PFA REV AD #2004-1</name>
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        <title>OAKLEY CA PFA REV AD #2004-1</title>
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          <other otherDesc="Internal Identifier" value="517189"/>
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        <name>CALIFORNIA MUN FIN AUTH CHARTER SCHOOL REV</name>
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          <other otherDesc="Internal Identifier" value="635961"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>RANCHO CORDOVA CA CFD 2005-1</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="614078"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Rancho Cordova CA</name>
        <lei>N/A</lei>
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        <balance>415000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Irvine Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <other otherDesc="Internal Identifier" value="874970"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Folsom Ranch Financing Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="999649"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Department of Water DV&amp;DP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1027988"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LEASE REVENUE</name>
        <lei>N/A</lei>
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        <cusip>130685J27</cusip>
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          <other otherDesc="Internal Identifier" value="504920"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS REVENUE</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS REVENUE</title>
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          <other otherDesc="Internal Identifier" value="681055"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALAMEDA CFD 13-1(ALAMEDA LANDING)SER 2016</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="628598"/>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <other otherDesc="Internal Identifier" value="645762"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="598828"/>
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          <maturityDt>2045-03-01</maturityDt>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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          <other otherDesc="Internal Identifier" value="1001336"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ORANGE CNTY CA CMNTY FACS DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Oroville CA</name>
        <lei>N/A</lei>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>LEE LAKE CA PUB FING AUTH REVENUE</name>
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          <other otherDesc="Internal Identifier" value="555383"/>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="680103"/>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS REVENUE</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SAN FRANCISCO CALIF CITY &amp; CNTY REDEV FING AUTH</name>
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      <invstOrSec>
        <name>SACRAMENTO CALIF AREA FLOOD CTL AGY</name>
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      <invstOrSec>
        <name>City of Sacramento CA</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETT</name>
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          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>TULARE CALIF REDEV AGY TAX ALLOCATION</name>
        <lei>N/A</lei>
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        <cusip>899116AB3</cusip>
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          <other otherDesc="Internal Identifier" value="471469"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>LAKE ELSINORE CA SPECIAL ASSESS DIST 93-1</name>
        <lei>549300C5MCDOVNPOX172</lei>
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        <cusip>509632GV1</cusip>
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          <other otherDesc="Internal Identifier" value="536142"/>
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        <curCd>USD</curCd>
        <valUSD>5436367.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FULLERTON CA CFD #2- AMERIGE HEIGHTS</name>
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          <other otherDesc="Internal Identifier" value="575890"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHERN MARIANA ISLANDS COMWLTH PORTS AUTH SEAP</name>
        <lei>N/A</lei>
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        <cusip>66537RAP8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="156860"/>
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        <balance>5350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5470375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority DV&amp;DP</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <other otherDesc="Internal Identifier" value="876235"/>
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        <curCd>USD</curCd>
        <valUSD>9700000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.05000000</annualizedRt>
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      <invstOrSec>
        <name>Folsom Ranch Financing Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="875689"/>
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        <curCd>USD</curCd>
        <valUSD>1967656.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of West Sacramento CA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
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        <name>CALIFORNIA ST STWD CMNTYS DEV AUTH REVENUE</name>
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        <name>TUSTIN CFD # 2014-1</name>
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        <name>CASITAS MUNICIPAL WATER DISTRICT</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>CUDAHY CALIF CMNTY DEV COMMN TAX ALLOCATION</name>
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        <name>OAK PARK CALIF UNI SCH DIST</name>
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        <name>ROWLAND CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13077EFG0</cusip>
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          <other otherDesc="Internal Identifier" value="630115"/>
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        <valUSD>1727475.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DUARTE CALIF REDEV AGY TAX ALLOCATION</name>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="179282"/>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>PALOMAR HLTH CA REVENUE</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="681425"/>
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        <curCd>USD</curCd>
        <valUSD>6545760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVERBANK CALIF UNI SCH DIST GO</name>
        <lei>N/A</lei>
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        <cusip>768569CG8</cusip>
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          <other otherDesc="Internal Identifier" value="425874"/>
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        <balance>6690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4210686.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <other otherDesc="Internal Identifier" value="876929"/>
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        <balance>15500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19021445.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA PUBLIC FINANCE AUTHORITY</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="663304"/>
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        <balance>11210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10455342.80000000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SWN0</cusip>
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          <other otherDesc="Internal Identifier" value="983670"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>578146.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTRAL CA SCH DIST SAN BERNARDINO CNTY</name>
        <lei>N/A</lei>
        <title>CENTRAL CA SCH DIST SAN BERNARDINO CNTY</title>
        <cusip>155105LQ0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="602860"/>
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        <balance>7375000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority *DEFAULT*</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority *DEFAULT*</title>
        <cusip>74526QE57</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="988015"/>
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        <balance>1768493.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1593854.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>HANFORD CALIF JT UN HIGH SCH D</name>
        <lei>N/A</lei>
        <title>HANFORD CALIF JT UN HIGH SCH D</title>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="425789"/>
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        <balance>3635000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>LEE LAKE CA PUB FING AUTH REVENUE</name>
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          <other otherDesc="Internal Identifier" value="555386"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>JURUPA PFA SER 2014A</name>
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          <other otherDesc="Internal Identifier" value="582665"/>
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        <balance>2220000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2042-09-01</maturityDt>
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        <name>PALOMAR POMERADO HEALTH CARE DIST CALIF CTFS PAR</name>
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        <name>SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL</name>
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        <name>Dublin Community Facilities District No 2015-1</name>
        <lei>N/A</lei>
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        <name>Folsom Ranch Financing Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="875686"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Rio Vista Community Facilities District</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ROSEVILLE CALIF SPL TAX</name>
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      <invstOrSec>
        <name>City of Roseville CA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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        <name>SAUGUS HART SCH FAC FIN AUTH CFD #2006-1</name>
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          <other otherDesc="Internal Identifier" value="624962"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
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        <name>JURUPA PFA SER 2015B</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="605951"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <other otherDesc="Internal Identifier" value="931855"/>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>VICTOR VALLEY CALIF CMNTY COLLEGE DIST</name>
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          <other otherDesc="Internal Identifier" value="461071"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Norco Financing Authority</name>
        <lei>N/A</lei>
        <title>Norco Financing Authority</title>
        <cusip>65552PBR9</cusip>
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          <other otherDesc="Internal Identifier" value="1026883"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Irvine CA</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
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          <other otherDesc="Internal Identifier" value="931084"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WEST HOLLYWOOD CALIF CMNTY DEVCOMMN TAX ALLOCATI</name>
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        <cusip>953322BM5</cusip>
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          <other otherDesc="Internal Identifier" value="489299"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5520200.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>CALIFORNIA ST STWD CMNTYS DEVAUTH SPL TAX REVENU</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13077EFM7</cusip>
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          <other otherDesc="Internal Identifier" value="677117"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
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        <name>Tobacco Securitization Authority of Southern California</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Fairfield Community Facilities District</name>
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        <name>TUSTIN CFD # 06-01</name>
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          <other otherDesc="Internal Identifier" value="617803"/>
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        <balance>1000000.00000000</balance>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>LATHROP CA CFD- MOSSDALE VLG-SER A</name>
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        <name>CORONA-NORCO CA USD CFD 2005-01 SER 2016</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <other otherDesc="Internal Identifier" value="1009093"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TUSTIN CFD # 07-01</name>
        <lei>N/A</lei>
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        <cusip>901047HL7</cusip>
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          <other otherDesc="Internal Identifier" value="618695"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Santa Clarita CA Community Facilities District No 2002-1</name>
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          <other otherDesc="Internal Identifier" value="1046245"/>
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        <valUSD>2165971.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE</title>
        <cusip>13058TGL8</cusip>
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          <other otherDesc="Internal Identifier" value="681438"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Woodland CA</name>
        <lei>N/A</lei>
        <title>City of Woodland CA</title>
        <cusip>979568GT3</cusip>
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          <other otherDesc="Internal Identifier" value="955669"/>
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        <balance>1755000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA ST HLTH FACS FING AUTH REVENUE</title>
        <cusip>13032UNH7</cusip>
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          <other otherDesc="Internal Identifier" value="666277"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JURUPA PFA SER 2015A</name>
        <lei>N/A</lei>
        <title>JURUPA PFA SER 2015A</title>
        <cusip>482085CP0</cusip>
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          <other otherDesc="Internal Identifier" value="605793"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4789160.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CERES CALIF UNI SCH DIST GO</name>
        <lei>N/A</lei>
        <title>CERES CALIF UNI SCH DIST GO</title>
        <cusip>156753KL8</cusip>
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          <other otherDesc="Internal Identifier" value="467470"/>
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        <curCd>USD</curCd>
        <valUSD>1647910.50000000</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>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moreno Valley Unified School District Community Facilities District</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="1041606"/>
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        <balance>1440000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moreno Valley Unified School District Community Facilities District</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="967148"/>
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        <balance>870000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>HANFORD CALIF JT UN HIGH SCH D</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="425790"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DANA POINT CA CFD #2006-1</name>
        <lei>N/A</lei>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="571585"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TRUCKEE-DONNER CA PUB CFD 04-1</name>
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          <other otherDesc="Internal Identifier" value="313729"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ROSEVILLE CALIF SPL TAX</name>
        <lei>549300OH100KESVPND17</lei>
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          <other otherDesc="Internal Identifier" value="593582"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <other otherDesc="Internal Identifier" value="1045878"/>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-02</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
        <lei>N/A</lei>
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        <name>RIVERBANK CALIF UNI SCH DIST GO</name>
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        <name>ARTESIA CALIF REDEV AGY TAX AL TAX ALLOC</name>
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        <name>SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL JR LIEN CABS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TUSTIN CFD # 2014-1</name>
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        <name>SAN MATEO CALIF SPL TAX CFD NO 08-01 BAY MEADOWS</name>
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        <name>California School Finance Authority</name>
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        <name>TUSTIN CALIF UNI SCH DIST SPL TAX CFD 06-01</name>
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        <name>PERRIS CALIF PUB FING AUTH REV</name>
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        <name>City of Porterville CA Sewer Revenue</name>
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        <name>Murrieta Valley Unified School District</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Dublin Community Facilities District No 2015-1</name>
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      <invstOrSec>
        <name>San Rafael City Elementary School District</name>
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        <name>California Community Housing Agency</name>
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        <name>TEMECULA CALIF REDEV AGY PJ NO 1</name>
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          <other otherDesc="Internal Identifier" value="489218"/>
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          <maturityDt>2039-08-01</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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          <other otherDesc="Internal Identifier" value="955370"/>
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        <name>ORANGE CNTY CA CMNTY FACS DIST</name>
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        <name>ROSEVILLE CALIF SPL TAX CFD NO 5 FIDDYMENT RANCH</name>
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        <name>CALIFORNIA EDL FACS AUTH REV</name>
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        <name>SAN BERNARDINO CALIF CMNTY COLLEGE DIST</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Metropolitan Water District of Southern California DV&amp;DP</name>
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        <name>GUAM PWR AUTH REVENUE</name>
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        <name>PITTSBURG CALIF UNI SCH DIST</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>TUSTIN CALIF UNI SCH DIST SPL TAX CFD 06-01</name>
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        <name>PITTSBURG CALIF UNI SCH DIST</name>
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        <name>California Statewide Communities Development Authority</name>
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          <maturityDt>2039-07-01</maturityDt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <other otherDesc="Internal Identifier" value="997435"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-15</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST STWD CMNTYS DEV AUTH REVENUE</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <cusip>79766DRM3</cusip>
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          <other otherDesc="Internal Identifier" value="1011563"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078YNJ0</cusip>
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          <other otherDesc="Internal Identifier" value="948409"/>
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        <balance>6605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7979500.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANTEE CALIF CMNTY DEV COMMN TAX ALLOCATION</name>
        <lei>N/A</lei>
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        <cusip>802833BM4</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="489225"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1903986.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH CHRT SCH LEASE REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>130486AS2</cusip>
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          <other otherDesc="Internal Identifier" value="612693"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>512662.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REDONDO BEACH CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>757710LT3</cusip>
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          <other otherDesc="Internal Identifier" value="496328"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3543210.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp</title>
        <cusip>38122NZV7</cusip>
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          <other otherDesc="Internal Identifier" value="878498"/>
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        <balance>63500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67745610.00000000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST PUB WKS BRD LEASE REVENUE</name>
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        <cusip>130685P20</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="504918"/>
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        <balance>4640000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sierra Joint Community College District</name>
        <lei>N/A</lei>
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        <cusip>826239FT7</cusip>
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          <other otherDesc="Internal Identifier" value="963560"/>
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        <balance>3500000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN BERNARDINO CNTY CA CFD #2006-1 #1</name>
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          <other otherDesc="Internal Identifier" value="610890"/>
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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>2045-09-01</maturityDt>
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      <invstOrSec>
        <name>GOLETA CALIF REDEV AGY TAX ALLOCATION</name>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="489385"/>
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        <balance>5000000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>INLAND VLY CA DEV AGY SUCCESSOR TAX ALLOCATION</name>
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          <other otherDesc="Internal Identifier" value="576300"/>
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        <fairValLevel>2</fairValLevel>
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        <name>RIO HONDO CALIF CMNTY COLLEGE  DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tracy Community Facilities District/CA</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA PUBLIC FINANCE AUTHORITY</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>LEMON GROVE CA CMNTY DEV AGY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-01</maturityDt>
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        <name>California School Finance Authority</name>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>Tracy Community Facilities District/CA</name>
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        <name>CALIFORNIA ST DV&amp;DP</name>
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        <name>POWAY CALIF REDEV SUCCESSOR AGY TAX ALLOCATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dublin Community Facilities District No 2015-1</name>
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        <name>IRVINE RANCH CALIF WTR DIST DV&amp;DP</name>
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        <name>Long Beach Community College District</name>
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        <name>EL DORADO CNTY CA SPL TAX CFD #2014-1</name>
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        <name>SAN BERNARDINO CALIF CMNTY COLLEGE DIST</name>
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        <name>Puerto Rico Electric Power Authority **DEFAULT**</name>
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        <name>CALIFORNIA MUN FIN AUTH CHARTER SCHOOL REV</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH CHRT SCH LEASE REV</name>
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        <name>DANA POINT CA CFD #2006-1</name>
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        <name>SONOMA CALIF CMNTY DEV AGY</name>
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        <name>ROMOLAND CA SCH DIST SPL TAX</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV</name>
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        <name>DEL PASO MANOR WTR DIST CALIF REV CTFS PARTN</name>
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        <name>INDIO CA CFD #2004-3 IA1</name>
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        <name>CALIFORNIA PUBLIC FINANCE AUTHORITY</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>FOLSOM RANCH FIN AUTH SER2017</name>
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        <name>FOOTHILL/EASTERN CORRIDOR AGY CALIF TOLL RD REV</name>
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        <name>California Public Finance Authority</name>
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        <name>Del Mar Union School District</name>
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        <name>SAN DIEGO CALIF UNI SCH DIST</name>
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        <name>CALIFORNIA ST STWD CMNTYS DEVAUTH STWD REVENUE</name>
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        <cusip>13078YLU7</cusip>
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          <other otherDesc="Internal Identifier" value="680573"/>
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        <curCd>USD</curCd>
        <valUSD>5844372.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED &amp; ENVIRONMENTAL</name>
        <lei>N/A</lei>
        <title>PUERTO RICO INDL TOURIST EDL MED &amp; ENVIRONMENTAL</title>
        <cusip>74527JAC1</cusip>
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          <other otherDesc="Internal Identifier" value="188232"/>
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        <curCd>USD</curCd>
        <valUSD>4657500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078YNH4</cusip>
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          <other otherDesc="Internal Identifier" value="948408"/>
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        <curCd>USD</curCd>
        <valUSD>7327440.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-02</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN DIEGO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>797355L44</cusip>
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          <other otherDesc="Internal Identifier" value="444404"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12255300.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR &amp; WASTEWTR SYS REV</name>
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        <cusip>40065FCH5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="626264"/>
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        <balance>13000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15095990.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</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 Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13051AAE8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1045877"/>
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        <balance>1315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1471550.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</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 SCH FIN AUTH SCH FAC REVENUE</name>
        <lei>N/A</lei>
        <title>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</title>
        <cusip>13058TEV8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="659949"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1081175.20000000</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>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACS FING AUTH REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA HEALTH FACS FING AUTH REV</title>
        <cusip>13048TVG5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="602368"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1175055.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH REV</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH REV</title>
        <cusip>13048TQN6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="556129"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8035440.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IRVINE CA CFD #2013-3 GREAT PARK</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>IRVINE CA CFD #2013-3 GREAT PARK</title>
        <cusip>46360TDF7</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="583319"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1692030.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHINO CA CMNTY FACS DIST SPL TAX</name>
        <lei>N/A</lei>
        <title>CHINO CA CMNTY FACS DIST SPL TAX</title>
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        <identifiers>
          <other otherDesc="Internal Identifier" value="671187"/>
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        <balance>1535000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SAN BUENAVENTURA CALIF REV</name>
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          <other otherDesc="Internal Identifier" value="500236"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</name>
        <lei>N/A</lei>
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        <cusip>13059TDE6</cusip>
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          <other otherDesc="Internal Identifier" value="654488"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>RIVERSIDE CNTY CALIF REDEV AGY TAX ALLOC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="490210"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST STWD CMNTYS DEV AUTH REVENUE</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13078YJQ9</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN DIEGO CALIF REDEV AGY TAX ALLOC</name>
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          <other otherDesc="Internal Identifier" value="475579"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Electric Power Authority *DEFAULT*</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority *DEFAULT*</title>
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        <balance>1601765.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-07-01</maturityDt>
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      <invstOrSec>
        <name>SAN FRANCISCO CITY &amp; CNTY CA REDEV AGENCY</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>SAN FRANCISCO CITY &amp; CNTY CA REDEV AGENCY</title>
        <cusip>79770GFA9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="644480"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1762940.00000000</valUSD>
        <pctVal>0.051933281824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Dixon CA</name>
        <lei>N/A</lei>
        <title>City of Dixon CA</title>
        <cusip>255650DN0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1030186"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1432584.00000000</valUSD>
        <pctVal>0.042201543222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</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>City of Irvine CA</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>City of Irvine CA</title>
        <cusip>46360TFW8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="931086"/>
        </identifiers>
        <balance>3250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3823462.50000000</valUSD>
        <pctVal>0.112632849419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</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 HEALTH FACS FING AUTH REV</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>CALIFORNIA HEALTH FACS FING AUTH REV</title>
        <cusip>13032UMH8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="662164"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6083550.00000000</valUSD>
        <pctVal>0.179211270173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</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>City of West Sacramento CA</name>
        <lei>N/A</lei>
        <title>City of West Sacramento CA</title>
        <cusip>955656RQ8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1006127"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1193820.00000000</valUSD>
        <pctVal>0.035167952685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</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>ROMOLAND SCH DIST CALIF CFD #1-IMPT AREA 1 &amp; 2</name>
        <lei>N/A</lei>
        <title>ROMOLAND SCH DIST CALIF CFD #1-IMPT AREA 1 &amp; 2</title>
        <cusip>776192NS1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="605813"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3481590.00000000</valUSD>
        <pctVal>0.102561853872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</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 SCH FIN AUTH SCH FAC REVENUE</name>
        <lei>N/A</lei>
        <title>CALIFORNIA SCH FIN AUTH SCH FAC REVENUE</title>
        <cusip>13058TCH1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="619482"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1151020.00000000</valUSD>
        <pctVal>0.033907135832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>TOBACCO SECURITIZATION AUTH SOCAL STTLMNT REV</name>
        <lei>N/A</lei>
        <title>TOBACCO SECURITIZATION AUTH SOCAL STTLMNT REV</title>
        <cusip>888804BA8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="362453"/>
        </identifiers>
        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4395750.00000000</valUSD>
        <pctVal>0.129491487842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA PUBLIC FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA PUBLIC FINANCE AUTHORITY</title>
        <cusip>13058BAB5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="663302"/>
        </identifiers>
        <balance>3305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3079268.50000000</valUSD>
        <pctVal>0.090710131270</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>RIVERSIDE CNTY CALIF REDEV AGY TAX ALLOC</name>
        <lei>N/A</lei>
        <title>RIVERSIDE CNTY CALIF REDEV AGY TAX ALLOC</title>
        <cusip>769123JF8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="489293"/>
        </identifiers>
        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1925227.50000000</valUSD>
        <pctVal>0.056714001799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS REVENUE</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS REVENUE</title>
        <cusip>130591BB5</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="681059"/>
        </identifiers>
        <balance>1975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2246957.50000000</valUSD>
        <pctVal>0.066191632780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</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>SISKIYOU CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>SISKIYOU CALIF UN HIGH SCH DIST</title>
        <cusip>829693EL0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="461505"/>
        </identifiers>
        <balance>15015000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5909753.85000000</valUSD>
        <pctVal>0.174091524500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078YMW2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="934154"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6040500.00000000</valUSD>
        <pctVal>0.177943088736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-02</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 ST STWD CMNTYS DEVAUTH SPL TAX REVENU</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA ST STWD CMNTYS DEVAUTH SPL TAX REVENU</title>
        <cusip>13077EFL9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="677107"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1030932.00000000</valUSD>
        <pctVal>0.030369542977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</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>Riverside Unified School District</name>
        <lei>N/A</lei>
        <title>Riverside Unified School District</title>
        <cusip>769059ZV1</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1026667"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5884800.00000000</valUSD>
        <pctVal>0.173356425560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
