<SEC-DOCUMENT>0001752724-22-243697.txt : 20221031
<SEC-HEADER>0001752724-22-243697.hdr.sgml : 20221031
<ACCEPTANCE-DATETIME>20221031164300
ACCESSION NUMBER:		0001752724-22-243697
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220831
FILED AS OF DATE:		20221031
DATE AS OF CHANGE:		20221031
PERIOD START:           	20230228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco California Value Municipal Income Trust
		CENTRAL INDEX KEY:			0000895531
		IRS NUMBER:				367017425
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07404
		FILM NUMBER:		221346587

	BUSINESS ADDRESS:	
		STREET 1:		1555 PEACHTREE STREET, N.E.
		STREET 2:		SUITE 1800
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		404-439-3217

	MAIL ADDRESS:	
		STREET 1:		1555 PEACHTREE STREET, N.E.
		STREET 2:		SUITE 1800
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Invesco Van Kampen California Value Municipal Income Trust
		DATE OF NAME CHANGE:	20100601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19981006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN AMERICAN CAPITAL CALIFORNIA VALUE MUNIC INC TRUST
		DATE OF NAME CHANGE:	19960102
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <invstOrSec>
        <name>Beverly Hills Unified School District (Election of 2008)</name>
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        <title>Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds</title>
        <cusip>088023JA5</cusip>
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          <isin value="US088023JA56"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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      <invstOrSec>
        <name>Corona Community Facilities District (Bedford Improvement Area No. 1)</name>
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          <isin value="US219680GA70"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Riverside (County of), CA Transportation Commission</name>
        <lei>5493003G0IESJS57M350</lei>
        <title>Riverside (County of), CA Transportation Commission, Series 2021 B1, Ref. RB</title>
        <cusip>76912DAZ1</cusip>
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          <isin value="US76912DAZ15"/>
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        <balance>2705000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (University of La Verne)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (University of La Verne), Series 2017 A, Ref. RB</title>
        <cusip>13048T2T9</cusip>
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          <isin value="US13048T2T91"/>
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        <curCd>USD</curCd>
        <valUSD>1200850.70000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB</title>
        <cusip>74526QPN6</cusip>
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          <isin value="US74526QPN69"/>
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          <maturityDt>2030-07-01</maturityDt>
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      <invstOrSec>
        <name>San Jose Evergreen Community College District (Election of 2004)</name>
        <lei>5493006H31JIFYW6Z091</lei>
        <title>San Jose Evergreen Community College District (Election of 2004), Series 2008 B, GO Bonds</title>
        <cusip>798189FT8</cusip>
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          <isin value="US798189FT87"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2013 A, RB</title>
        <cusip>13059TAG4</cusip>
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          <isin value="US13059TAG40"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>6.30000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Hunters Point Shipyard Phase One Improvements)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Hunters Point Shipyard Phase One Improvements), Series 2014, Ref. R</title>
        <cusip>79772ACT2</cusip>
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          <isin value="US79772ACT25"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clovis Unified School District (Election of 2004)</name>
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        <title>Clovis Unified School District (Election of 2004), Series 2004 A, GO Bonds</title>
        <cusip>189342US5</cusip>
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          <isin value="US189342US51"/>
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        <balance>625000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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      <invstOrSec>
        <name>Chula Vista (City of), CA Community Facilities District</name>
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        <title>Chula Vista (City of), CA Community Facilities District, Series 2021, RB</title>
        <cusip>171312KZ3</cusip>
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          <isin value="US171312KZ33"/>
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        <balance>300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 1</name>
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        <title>Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 1, Series 2021, RB</title>
        <cusip>776642AT7</cusip>
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        <balance>570000.00000000</balance>
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      <invstOrSec>
        <name>Murrieta Financing Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Community Medical Centers)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB</title>
        <cusip>13048TS20</cusip>
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          <maturityDt>2047-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports, Series 2022, RB</title>
        <cusip>544445C80</cusip>
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        <balance>8000000.00000000</balance>
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      <invstOrSec>
        <name>California (State of)</name>
        <lei>N/A</lei>
        <title>California (State of), Series 2017, Ref. GO Bonds</title>
        <cusip>13063C6S4</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Norman Y Mineta San Jose International Airport SJC</name>
        <lei>N/A</lei>
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        <cusip>798136VU8</cusip>
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        <balance>5000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (California Baptist University)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (California Baptist University), Series 2016 A, RB</title>
        <cusip>13048TG23</cusip>
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          <isin value="US13048TG233"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1233947.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Corona-Norco Unified School District (Community Facilities District No. 98-1)</name>
        <lei>N/A</lei>
        <title>Corona-Norco Unified School District (Community Facilities District No. 98-1), Series 2013, Ref. RB</title>
        <cusip>219766LD2</cusip>
        <identifiers>
          <isin value="US219766LD28"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1026466.50000000</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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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Orange (County of), CA Public Financing Authority (Ladera Ranch)</name>
        <lei>N/A</lei>
        <title>South Orange (County of), CA Public Financing Authority (Ladera Ranch), Series 2014 A, Ref. RB</title>
        <cusip>839100JS4</cusip>
        <identifiers>
          <isin value="US839100JS41"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1016647.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)</name>
        <lei>N/A</lei>
        <title>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities), Series 2022, RB</title>
        <cusip>54531MAT3</cusip>
        <identifiers>
          <isin value="US54531MAT36"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1009150.40000000</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>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (St. Joseph Health System)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (St. Joseph Health System), Series 2013 A, RB</title>
        <cusip>13033LY35</cusip>
        <identifiers>
          <isin value="US13033LY359"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5109018.50000000</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>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing), Series 2019, RB</title>
        <cusip>13049YEL1</cusip>
        <identifiers>
          <isin value="US13049YEL11"/>
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        <balance>2375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2449685.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</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>San Marcos Unified School District</name>
        <lei>N/A</lei>
        <title>San Marcos Unified School District, Series 2021, RB</title>
        <cusip>798762NQ9</cusip>
        <identifiers>
          <isin value="US798762NQ93"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>487962.75000000</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>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 (State of) Statewide Communities Development Authority (NCCD Hooper Street LLC California College of the Arts)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (NCCD Hooper Street LLC California College of the Arts), Series 2019, RB</title>
        <cusip>13081CAC2</cusip>
        <identifiers>
          <isin value="US13081CAC29"/>
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        <balance>910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>876461.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB</title>
        <cusip>89356CAT3</cusip>
        <identifiers>
          <isin value="US89356CAT36"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1056180.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
        <lei>N/A</lei>
        <title>Foothill-Eastern Transportation Corridor Agency, Series 2021 A, Ref. RB</title>
        <cusip>345105JH4</cusip>
        <identifiers>
          <isin value="US345105JH47"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>944601.50000000</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>2046-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
        <title>San Francisco Bay Area Rapid Transit District, Series 2022, GO Bonds</title>
        <cusip>797661C94</cusip>
        <identifiers>
          <isin value="US797661C942"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10097791.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Romoland School District (Community Facilities District No. 2004-1)</name>
        <lei>N/A</lei>
        <title>Romoland School District (Community Facilities District No. 2004-1), Series 2015, Ref. RB</title>
        <cusip>776192NS1</cusip>
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          <isin value="US776192NS14"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1713475.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fontana (City of), CA (The Meadows)</name>
        <lei>N/A</lei>
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        <cusip>344630WZ7</cusip>
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          <isin value="US344630WZ78"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Irvine Unified School District (Community Facilities District No. 09-1)</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>Irvine Unified School District (Community Facilities District No. 09-1), Series 2019 A, RB</title>
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          <isin value="US463612NB36"/>
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        <invCountry>US</invCountry>
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        <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>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB</title>
        <cusip>89356CAU0</cusip>
        <identifiers>
          <isin value="US89356CAU09"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Housing Finance Agency</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California (State of) Housing Finance Agency, Series 2021 A, RB</title>
        <cusip>13033DAJ4</cusip>
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          <isin value="US13033DAJ46"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
        <title>Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB</title>
        <cusip>74529JQE8</cusip>
        <identifiers>
          <isin value="US74529JQE81"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1039170.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>San Diego (County of), CA Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego (County of), CA Regional Airport Authority, Series 2019 A, Ref. RB</title>
        <cusip>79739GLF1</cusip>
        <identifiers>
          <isin value="US79739GLF18"/>
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        <balance>2740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2915240.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB</title>
        <cusip>777870N93</cusip>
        <identifiers>
          <isin value="US777870N932"/>
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        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>409025.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB</title>
        <cusip>89356CBK1</cusip>
        <identifiers>
          <isin value="US89356CBK18"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>322036.02000000</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>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Guam (Territory of) Power Authority</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam (Territory of) Power Authority, Series 2012 A, Ref. RB</title>
        <cusip>400653GN5</cusip>
        <identifiers>
          <isin value="US400653GN58"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1503038.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (California Baptist University)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (California Baptist University), Series 2017 A, Ref. RB</title>
        <cusip>13080SSJ4</cusip>
        <identifiers>
          <isin value="US13080SSJ41"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1040503.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Riverside Unified School District (Community Facilities District No. 32)</name>
        <lei>N/A</lei>
        <title>Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB</title>
        <cusip>769069M44</cusip>
        <identifiers>
          <isin value="US769069M446"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110589.95000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fontana (City of), CA Community Facilities District No. 89 (Belrose)</name>
        <lei>N/A</lei>
        <title>Fontana (City of), CA Community Facilities District No. 89 (Belrose), Series 2020, RB</title>
        <cusip>344630YJ1</cusip>
        <identifiers>
          <isin value="US344630YJ19"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>903698.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>Long Beach (City of), CA Bond Finance Authority</name>
        <lei>549300BKBZ5U7OZH3S21</lei>
        <title>Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB</title>
        <cusip>54241AAZ6</cusip>
        <identifiers>
          <isin value="US54241AAZ66"/>
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        <balance>1480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1650486.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bay Area Toll Authority (San Francisco Bay Area)</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB</title>
        <cusip>072024VS8</cusip>
        <identifiers>
          <isin value="US072024VS87"/>
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        <balance>1240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1194481.96000000</valUSD>
        <pctVal>0.224773043349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gilroy Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Gilroy Unified School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>376087DG4</cusip>
        <identifiers>
          <isin value="US376087DG41"/>
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        <balance>665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>532864.63000000</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>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Contra Costa Unified School District</name>
        <lei>N/A</lei>
        <title>West Contra Costa Unified School District, Series 2005, GO Bonds</title>
        <cusip>952347RP9</cusip>
        <identifiers>
          <isin value="US952347RP97"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4635303.50000000</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>2025-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chino Community Facilities District</name>
        <lei>N/A</lei>
        <title>Chino Community Facilities District, Series 2020, RB</title>
        <cusip>169511VX7</cusip>
        <identifiers>
          <isin value="US169511VX76"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69698.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Inland Empire Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Inland Empire Tobacco Securitization Corp., Series 2007 C-1, RB</title>
        <cusip>45734TAD6</cusip>
        <identifiers>
          <isin value="US45734TAD63"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6123940.50000000</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>2036-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Housing Finance Agency</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California (State of) Housing Finance Agency, Series 2021-1, Class A, Ctfs.</title>
        <cusip>13033DAE5</cusip>
        <identifiers>
          <isin value="US13033DAE58"/>
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        <balance>1562190.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1456128.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB</title>
        <cusip>777870K62</cusip>
        <identifiers>
          <isin value="US777870K623"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136539.41000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Etiwanda School District Community Facilities District No. 2018-1 (Day Creek Square Public Facilities)</name>
        <lei>N/A</lei>
        <title>Etiwanda School District Community Facilities District No. 2018-1 (Day Creek Square Public Facilities), Series 2020, RB</title>
        <cusip>29767UAS4</cusip>
        <identifiers>
          <isin value="US29767UAS42"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246824.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Regents of the University of California Medical Center</name>
        <lei>N/A</lei>
        <title>Regents of the University of California Medical Center, Series 2022 P, RB</title>
        <cusip>913366KT6</cusip>
        <identifiers>
          <isin value="US913366KT64"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19368800.00000000</valUSD>
        <pctVal>3.644746649867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing)</name>
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      <invstOrSec>
        <name>Chino Community Facilities District</name>
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        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
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        <name>San Francisco (City &amp; County of), CA Community Facilities District No. 2016-1</name>
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        <name>California (State of) Statewide Communities Development Authority (California Baptist University)</name>
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        <cusip>13080SBY9</cusip>
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        <name>Corona Community Facilities District (Bedford Improvement Area No. 1)</name>
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        <name>Lincoln (City of), CA Community Facilities District No. 2006-1 (Improvement Area No. 1)</name>
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        <name>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)</name>
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        <name>Orange (County of), CA Community Facilities District No. 2004-1 (Ladera Ranch)</name>
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        <name>South Orange (County of), CA Public Financing Authority (Ladera Ranch)</name>
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        <name>La Quinta (City of), CA Successor Agency to the Redevelopment Agency (Areas No. 1 and 2)</name>
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        <name>Irvine (City of), CA (Reassessment District No. 13-1)</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
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        <name>San Diego County Regional Transportation Commission</name>
        <lei>W4FR340A6EQ2SSI17B56</lei>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eastern Municipal Water District (Community Facilities District No. 2012-61)</name>
        <lei>549300ZCFVRFDIRWK089</lei>
        <title>Eastern Municipal Water District (Community Facilities District No. 2012-61), Series 2020, RB</title>
        <cusip>27627MXY8</cusip>
        <identifiers>
          <isin value="US27627MXY82"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96827.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mountain House Public Financing Authority (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Mountain House Public Financing Authority (Green Bonds), Series 2020 B, RB</title>
        <cusip>62412PCK0</cusip>
        <identifiers>
          <isin value="US62412PCK03"/>
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        <balance>3560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3471838.74000000</valUSD>
        <pctVal>0.653317325621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Bay Area Toll Authority, Series 2017, RB</title>
        <cusip>072024UH3</cusip>
        <identifiers>
          <isin value="US072024UH32"/>
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        <balance>6600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7339520.76000000</valUSD>
        <pctVal>1.381122924582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
        <title>Children's Trust Fund, Series 2002, RB</title>
        <cusip>16876QBG3</cusip>
        <identifiers>
          <isin value="US16876QBG38"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305386.44000000</valUSD>
        <pctVal>0.057466451411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oakland Unified School District (County of Alameda)</name>
        <lei>N/A</lei>
        <title>Oakland Unified School District (County of Alameda), Series 2015 A, GO Bonds</title>
        <cusip>672325XT9</cusip>
        <identifiers>
          <isin value="US672325XT95"/>
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        <balance>2430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2614121.83000000</valUSD>
        <pctVal>0.491915440411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020, RB</title>
        <cusip>13077EHR4</cusip>
        <identifiers>
          <isin value="US13077EHR45"/>
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        <balance>1035000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>897691.83000000</valUSD>
        <pctVal>0.168924212651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jefferson Union High School District (Teacher and Staff Housing)</name>
        <lei>549300S1EAFO90X8HQ88</lei>
        <title>Jefferson Union High School District (Teacher and Staff Housing), Series 2020, COP</title>
        <cusip>472467AW9</cusip>
        <identifiers>
          <isin value="US472467AW90"/>
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        <balance>2280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2058021.48000000</valUSD>
        <pctVal>0.387270605023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children's Hospital at Stanford)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children's Hospital at Stanford), Series 2017, RB</title>
        <cusip>13032UPW2</cusip>
        <identifiers>
          <isin value="US13032UPW26"/>
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        <balance>1090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1050884.37000000</valUSD>
        <pctVal>0.197751398483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Community Medical Centers)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB</title>
        <cusip>13048TS38</cusip>
        <identifiers>
          <isin value="US13048TS386"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395262.08000000</valUSD>
        <pctVal>0.074378905347</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Compton (City of), CA</name>
        <lei>N/A</lei>
        <title>Compton (City of), CA, Series 2009, RB</title>
        <cusip>204744AK2</cusip>
        <identifiers>
          <isin value="US204744AK21"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1753107.83000000</valUSD>
        <pctVal>0.329893121424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB</title>
        <cusip>38122NB84</cusip>
        <identifiers>
          <isin value="US38122NB843"/>
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        <balance>14000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1655665.20000000</valUSD>
        <pctVal>0.311556740273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB</title>
        <cusip>79770GAW6</cusip>
        <identifiers>
          <isin value="US79770GAW69"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1037330.90000000</valUSD>
        <pctVal>0.195200958375</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Calimesa (City of), CA Community Facilities District No. 2018-1 (Summerwind Trails)</name>
        <lei>N/A</lei>
        <title>Calimesa (City of), CA Community Facilities District No. 2018-1 (Summerwind Trails), Series 2020, RB</title>
        <cusip>13083UDQ6</cusip>
        <identifiers>
          <isin value="US13083UDQ67"/>
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        <balance>260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>234961.64000000</valUSD>
        <pctVal>0.044214182098</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority, Series 2022, RB</title>
        <cusip>130179UR3</cusip>
        <identifiers>
          <isin value="US130179UR39"/>
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        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1426215.84000000</valUSD>
        <pctVal>0.268379837926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Aspire Public School)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Aspire Public School), Series 2015 A, Ref. RB</title>
        <cusip>13058TCK4</cusip>
        <identifiers>
          <isin value="US13058TCK43"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>607287.12000000</valUSD>
        <pctVal>0.114276965848</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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Norwalk-La Mirada Unified School District</name>
        <lei>N/A</lei>
        <title>Norwalk-La Mirada Unified School District, Series 2005 B, GO Bonds</title>
        <cusip>669096QC6</cusip>
        <identifiers>
          <isin value="US669096QC62"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4804531.20000000</valUSD>
        <pctVal>0.904098291860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Palomar Community College District</name>
        <lei>N/A</lei>
        <title>Palomar Community College District, Series 2010, GO Bonds</title>
        <cusip>697511BY8</cusip>
        <identifiers>
          <isin value="US697511BY87"/>
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        <balance>6670000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5716614.88000000</valUSD>
        <pctVal>1.075730707760</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>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB</title>
        <cusip>89356CBM7</cusip>
        <identifiers>
          <isin value="US89356CBM73"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>315202.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Mountain House Public Financing Authority (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB</title>
        <cusip>62412PBQ8</cusip>
        <identifiers>
          <isin value="US62412PBQ81"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5383286.40000000</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>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020, RB</title>
        <cusip>13077EJC5</cusip>
        <identifiers>
          <isin value="US13077EJC57"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>537814.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eastern Municipal Water District (Community Facilities District No. 2012-61)</name>
        <lei>549300ZCFVRFDIRWK089</lei>
        <title>Eastern Municipal Water District (Community Facilities District No. 2012-61), Series 2020, RB</title>
        <cusip>27627MYP6</cusip>
        <identifiers>
          <isin value="US27627MYP66"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304531.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Pablo Joint Powers Financing Authority</name>
        <lei>N/A</lei>
        <title>San Pablo Joint Powers Financing Authority, Series 2022, RB</title>
        <cusip>799135CN6</cusip>
        <identifiers>
          <isin value="US799135CN63"/>
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        <balance>10135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9565139.36000000</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>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Green Dot Public Schools)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Green Dot Public Schools), Series 2018 A, RB</title>
        <cusip>13059TFH7</cusip>
        <identifiers>
          <isin value="US13059TFH77"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1770205.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>South Orange (County of), CA Public Financing Authority (Ladera Ranch)</name>
        <lei>N/A</lei>
        <title>South Orange (County of), CA Public Financing Authority (Ladera Ranch), Series 2014 A, Ref. RB</title>
        <cusip>839100JQ8</cusip>
        <identifiers>
          <isin value="US839100JQ84"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>915113.70000000</valUSD>
        <pctVal>0.172202593465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Irvine (City of), CA (Reassessment District No. 13-1)</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>Irvine (City of), CA (Reassessment District No. 13-1), Series 2013, RB</title>
        <cusip>46360RQL4</cusip>
        <identifiers>
          <isin value="US46360RQL41"/>
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        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>333051.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-02</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>
      <invstOrSec>
        <name>Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon Industrial Complex Public Improvements)</name>
        <lei>N/A</lei>
        <title>Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon Industrial Complex Public Improvements), Series 2012</title>
        <cusip>879083EH2</cusip>
        <identifiers>
          <isin value="US879083EH20"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1509046.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fremont Community Facilities District No. 1 (Pacific Commons)</name>
        <lei>N/A</lei>
        <title>Fremont Community Facilities District No. 1 (Pacific Commons), Series 2015, Ref. RB</title>
        <cusip>357129CK9</cusip>
        <identifiers>
          <isin value="US357129CK95"/>
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        <balance>2095000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2147148.95000000</valUSD>
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        <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>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2013 AI, RB</title>
        <cusip>91412GSS5</cusip>
        <identifiers>
          <isin value="US91412GSS56"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6100101.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College)</name>
        <lei>N/A</lei>
        <title>California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College), Series 2018, RB</title>
        <cusip>13012RAV1</cusip>
        <identifiers>
          <isin value="US13012RAV15"/>
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        <balance>1335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1343994.30000000</valUSD>
        <pctVal>0.252907703232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Elsinore Valley Municipal Water District</name>
        <lei>N/A</lei>
        <title>Elsinore Valley Municipal Water District, Series 2021 A, RB</title>
        <cusip>290322DZ6</cusip>
        <identifiers>
          <isin value="US290322DZ61"/>
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        <balance>990000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>845679.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rancho Cordova (City of), CA</name>
        <lei>N/A</lei>
        <title>Rancho Cordova (City of), CA, Series 2022, RB</title>
        <cusip>75211RPR2</cusip>
        <identifiers>
          <isin value="US75211RPR20"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1217110.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (County of), CA Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.)</name>
        <lei>N/A</lei>
        <title>California (County of), CA Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.), Series 2006 A, RB</title>
        <cusip>13016NCT9</cusip>
        <identifiers>
          <isin value="US13016NCT90"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2479184.00000000</valUSD>
        <pctVal>0.466523356036</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020, RB</title>
        <cusip>13077EJD3</cusip>
        <identifiers>
          <isin value="US13077EJD31"/>
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        <balance>585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506588.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>West Patterson Financing Authority</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority, Series 2021, RB</title>
        <cusip>955232FC2</cusip>
        <identifiers>
          <isin value="US955232FC22"/>
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        <balance>765000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>653237.10000000</valUSD>
        <pctVal>0.122923657211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
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          <isin value="US797661WR20"/>
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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>
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          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <isin value="US13078YLB91"/>
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        <curCd>USD</curCd>
        <valUSD>684349.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Woodland (City of), CA Community Facilities District 1</name>
        <lei>N/A</lei>
        <title>Woodland (City of), CA Community Facilities District 1, Series 2019, RB</title>
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          <isin value="US979568GT34"/>
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        <balance>1620000.00000000</balance>
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        <curCd>USD</curCd>
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        <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>Long Beach (City of), CA</name>
        <lei>N/A</lei>
        <title>Long Beach (City of), CA, Series 2015, RB</title>
        <cusip>542426DA6</cusip>
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          <isin value="US542426DA69"/>
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        <balance>4185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4241800.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>California (State of) Housing Finance Agency</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California (State of) Housing Finance Agency, Series 2019 A-1, RB</title>
        <cusip>13033DAA3</cusip>
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          <isin value="US13033DAA37"/>
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        <balance>3157790.30000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>La Quinta (City of), CA Successor Agency to the Redevelopment Agency (Areas No. 1 and 2)</name>
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        <title>La Quinta (City of), CA Successor Agency to the Redevelopment Agency (Areas No. 1 and 2), Series 2013 A, Ref. RB</title>
        <cusip>50420BAQ5</cusip>
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          <isin value="US50420BAQ59"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lincoln (City of), CA Community Facilities District No. 2006-1 (Improvement Area No. 1)</name>
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        <title>Lincoln (City of), CA Community Facilities District No. 2006-1 (Improvement Area No. 1), Series 2021, Ref. RB</title>
        <cusip>533042KP1</cusip>
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          <isin value="US533042KP17"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223884.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Aspire Public School)</name>
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        <title>California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB</title>
        <cusip>13058TLL2</cusip>
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          <isin value="US13058TLL25"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139469.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)</name>
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        <title>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB</title>
        <cusip>68423PWA4</cusip>
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          <isin value="US68423PWA47"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2022, RB</title>
        <cusip>13077ELR9</cusip>
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          <isin value="US13077ELR98"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
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        <name>California (State of) Statewide Communities Development Authority (Adventist Health System)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2015, Ref. RB</title>
        <cusip>13080SJM7</cusip>
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          <isin value="US13080SJM70"/>
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        <balance>5585000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)</name>
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        <title>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith), Series 2015, RB</title>
        <cusip>76911FTJ3</cusip>
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          <isin value="US76911FTJ39"/>
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        <balance>2760000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Municipal Finance Authority (Caritas)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Caritas), Series 2021 B, Ref. RB</title>
        <cusip>13049SES9</cusip>
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          <isin value="US13049SES95"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-08-15</maturityDt>
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      <invstOrSec>
        <name>Simi Valley Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
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        <cusip>828641UE8</cusip>
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        <balance>5000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Public Works Board (Judicial Council of California)</name>
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      <invstOrSec>
        <name>San Francisco (City of), CA Bay Area Rapid Transit District (Election of 2004)</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
        <title>San Francisco (City of), CA Bay Area Rapid Transit District (Election of 2004), Series 2013 C, GO Bonds</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Guam (Territory of) Power Authority</name>
        <lei>549300IPOV320QCKW060</lei>
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        <cusip>400653GQ8</cusip>
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          <isin value="US400653GQ89"/>
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        <balance>4000000.00000000</balance>
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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>
      <invstOrSec>
        <name>Moreno Valley Unified School District (Community Facilities District No. 2015-2)</name>
        <lei>N/A</lei>
        <title>Moreno Valley Unified School District (Community Facilities District No. 2015-2), Series 2019, RB</title>
        <cusip>616874RQ8</cusip>
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          <isin value="US616874RQ80"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Commonspirit Health)</name>
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        <cusip>13032UXF0</cusip>
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          <isin value="US13032UXF01"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2017, RB</title>
        <cusip>13078YLC7</cusip>
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          <isin value="US13078YLC74"/>
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        <curCd>USD</curCd>
        <valUSD>739877.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Gilroy Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <cusip>376087DC3</cusip>
        <identifiers>
          <isin value="US376087DC37"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>California (State of) Housing Finance Agency</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California (State of) Housing Finance Agency, Series 2019 A-2, RB</title>
        <cusip>13033DAC9</cusip>
        <identifiers>
          <isin value="US13033DAC92"/>
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        <balance>3515928.55000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3487129.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bold Program), Series 2021 C, RB</title>
        <cusip>13051ADD7</cusip>
        <identifiers>
          <isin value="US13051ADD72"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1166282.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</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>Lammersville Joint Unified School District</name>
        <lei>N/A</lei>
        <title>Lammersville Joint Unified School District, Series 2020, RB</title>
        <cusip>513533FA2</cusip>
        <identifiers>
          <isin value="US513533FA27"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119050.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Community Housing Agency (Serenity at Larkspur)</name>
        <lei>N/A</lei>
        <title>California (State of) Community Housing Agency (Serenity at Larkspur), Series 2020 A, RB</title>
        <cusip>13013FAC8</cusip>
        <identifiers>
          <isin value="US13013FAC86"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1414603.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Town and Country Manor)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Town and Country Manor), Series 2019, Ref. RB</title>
        <cusip>13048VJY5</cusip>
        <identifiers>
          <isin value="US13048VJY56"/>
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        <balance>2035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2186597.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
        <lei>N/A</lei>
        <title>Foothill-Eastern Transportation Corridor Agency, Series 2015, Ref. RB</title>
        <cusip>345105HZ6</cusip>
        <identifiers>
          <isin value="US345105HZ62"/>
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        <balance>6245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3801743.67000000</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>2035-01-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (University of California-Irvine East Campus Apartments, Phase IV-A-CHF-Irvine LLC)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (University of California-Irvine East Campus Apartments, Phase IV-A-CHF-Irvine LLC),</title>
        <cusip>13078RHG8</cusip>
        <identifiers>
          <isin value="US13078RHG83"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3579154.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Patterson Financing Authority</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority, Series 2021, RB</title>
        <cusip>955232FB4</cusip>
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          <isin value="US955232FB49"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>481344.66000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Modesto (City of), CA (Community Center Refinancing)</name>
        <lei>549300PM1CEUCI5R7951</lei>
        <title>Modesto (City of), CA (Community Center Refinancing), Series 1993 A, COP</title>
        <cusip>607715FE4</cusip>
        <identifiers>
          <isin value="US607715FE49"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Public Finance Authority (Henry Mayo Newhall Hospital)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Finance Authority (Henry Mayo Newhall Hospital), Series 2017, Ref. RB</title>
        <cusip>13057EAL8</cusip>
        <identifiers>
          <isin value="US13057EAL83"/>
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        <balance>2750000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego (City of), CA Redevelopment Agency (Centre City Redevelopment)</name>
        <lei>N/A</lei>
        <title>San Diego (City of), CA Redevelopment Agency (Centre City Redevelopment), Series 1999 A, RB</title>
        <cusip>797300PP9</cusip>
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          <isin value="US797300PP93"/>
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        <balance>1185000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of)</name>
        <lei>N/A</lei>
        <title>California (State of), Series 2016, GO Bonds</title>
        <cusip>13063CZU7</cusip>
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          <isin value="US13063CZU79"/>
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        <balance>6600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7037646.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Long Beach (City of), CA</name>
        <lei>N/A</lei>
        <title>Long Beach (City of), CA, Series 2015, RB</title>
        <cusip>542426CP4</cusip>
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          <isin value="US542426CP48"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South)</name>
        <lei>N/A</lei>
        <title>Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South), Series 2014, Ref. RB</title>
        <cusip>344630RB6</cusip>
        <identifiers>
          <isin value="US344630RB65"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1026572.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tracy (City of), CA Community Facilities District</name>
        <lei>N/A</lei>
        <title>Tracy (City of), CA Community Facilities District, Series 2022, RB</title>
        <cusip>892376TM6</cusip>
        <identifiers>
          <isin value="US892376TM66"/>
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        <balance>1645000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1671767.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
        <title>Children's Trust Fund, Series 2005 A, RB</title>
        <cusip>16876QBJ7</cusip>
        <identifiers>
          <isin value="US16876QBJ76"/>
        </identifiers>
        <balance>4325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>737882.63000000</valUSD>
        <pctVal>0.138851929065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles County Schools Regionalized Business Services Corp. (Los Angeles County Schools Pooled Financing Program)</name>
        <lei>N/A</lei>
        <title>Los Angeles County Schools Regionalized Business Services Corp. (Los Angeles County Schools Pooled Financing Program), Series 1999 A, COP</title>
        <cusip>545152HM5</cusip>
        <identifiers>
          <isin value="US545152HM56"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1049841.48000000</valUSD>
        <pctVal>0.197555151435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Silicon Valley Tobacco Securitization Authority (Santa Clara)</name>
        <lei>N/A</lei>
        <title>Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB</title>
        <cusip>82706TAA9</cusip>
        <identifiers>
          <isin value="US82706TAA97"/>
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        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3776608.80000000</valUSD>
        <pctVal>0.710667789004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (County of), CA Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (County of), CA Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2006 C, RB</title>
        <cusip>13016NCK8</cusip>
        <identifiers>
          <isin value="US13016NCK81"/>
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        <balance>22950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2026652.54000000</valUSD>
        <pctVal>0.381367717959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lake Elsinore (City of), CA</name>
        <lei>N/A</lei>
        <title>Lake Elsinore (City of), CA, Series 2021, RB</title>
        <cusip>50963NUE7</cusip>
        <identifiers>
          <isin value="US50963NUE74"/>
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        <balance>120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100705.33000000</valUSD>
        <pctVal>0.018950343549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M-S-R Energy Authority</name>
        <lei>549300UEMSS1JTK5YB98</lei>
        <title>M-S-R Energy Authority, Series 2009 B, RB</title>
        <cusip>55374SAD2</cusip>
        <identifiers>
          <isin value="US55374SAD27"/>
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        <balance>950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1054988.30000000</valUSD>
        <pctVal>0.198523660323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Improvement Area No. 1)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Improvement Area No. 1), Series 2021, RB</title>
        <cusip>13077EKP4</cusip>
        <identifiers>
          <isin value="US13077EKP42"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183137.50000000</valUSD>
        <pctVal>0.034462113790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Public Finance Authority (California Crosspoint Academy)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Finance Authority (California Crosspoint Academy), Series 2020 A, RB</title>
        <cusip>13057KAF7</cusip>
        <identifiers>
          <isin value="US13057KAF75"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1757784.80000000</valUSD>
        <pctVal>0.330773215738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Glendale Community College District</name>
        <lei>N/A</lei>
        <title>Glendale Community College District, Series 2020 B, GO Bonds</title>
        <cusip>378394JQ4</cusip>
        <identifiers>
          <isin value="US378394JQ47"/>
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        <balance>1285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>448796.92000000</valUSD>
        <pctVal>0.084452886634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-1, Ref. RB</title>
        <cusip>13016NFB5</cusip>
        <identifiers>
          <isin value="US13016NFB55"/>
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        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>408032.00000000</valUSD>
        <pctVal>0.076781900016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Diego (County of), CA Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB</title>
        <cusip>79739GNZ5</cusip>
        <identifiers>
          <isin value="US79739GNZ53"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1797178.80000000</valUSD>
        <pctVal>0.338186227877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)</name>
        <lei>N/A</lei>
        <title>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB</title>
        <cusip>68423PWC0</cusip>
        <identifiers>
          <isin value="US68423PWC03"/>
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        <balance>3555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3675652.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Murrieta Financing Authority</name>
        <lei>N/A</lei>
        <title>Murrieta Financing Authority, Series 2012, RB</title>
        <cusip>62719DAP8</cusip>
        <identifiers>
          <isin value="US62719DAP87"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB</title>
        <cusip>13016NHY3</cusip>
        <identifiers>
          <isin value="US13016NHY31"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>272720.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>West Sacramento (City of), CA</name>
        <lei>N/A</lei>
        <title>West Sacramento (City of), CA, Series 2019, RB</title>
        <cusip>955656RQ8</cusip>
        <identifiers>
          <isin value="US955656RQ86"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1050379.70000000</valUSD>
        <pctVal>0.197656431614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Granada Hills Charter Obligated Group)</name>
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        <name>California (State of) Municipal Finance Authority (Albert Einstein Academies)</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Mt. San Antonio Community College District (Election of 2008)</name>
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        <cusip>623040FW7</cusip>
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          <isin value="US623040FW73"/>
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        <name>Alameda Corridor Transportation Authority</name>
        <lei>N/A</lei>
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          <isin value="US010869JU04"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
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        <title>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB</title>
        <cusip>13016NEY6</cusip>
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          <isin value="US13016NEY67"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>Chino (City of), CA Community Facilities District (Improvement Area No. 8)</name>
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        <cusip>169511WM0</cusip>
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          <isin value="US169511WM03"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Los Angeles (City of), CA Department of Water &amp; Power</name>
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        <cusip>544525QC5</cusip>
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          <isin value="US544525QC50"/>
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        <curCd>USD</curCd>
        <valUSD>5250000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Statewide Communities Development Authority (Front Porch Communities &amp; Services)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Front Porch Communities &amp; Services), Series 2017, Ref. RB</title>
        <cusip>13080SSE5</cusip>
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          <isin value="US13080SSE53"/>
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        <balance>4580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4719025.44000000</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>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Independent Cities Finance Authority</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Independent Cities Finance Authority, Series 2021, RB</title>
        <cusip>45384PAN5</cusip>
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          <isin value="US45384PAN50"/>
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        <balance>1825000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Aspire Public School)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB</title>
        <cusip>13058TMA5</cusip>
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          <isin value="US13058TMA50"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Public Works Board (Various State Universities)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Works Board (Various State Universities), Series 2013 H, RB</title>
        <cusip>13068LKE4</cusip>
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          <isin value="US13068LKE47"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Corona-Norco Unified School District (Community Facilities District No. 98-1)</name>
        <lei>N/A</lei>
        <title>Corona-Norco Unified School District (Community Facilities District No. 98-1), Series 2013, Ref. RB</title>
        <cusip>219766LA8</cusip>
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          <isin value="US219766LA88"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles (City of), CA Community Facilities District No. 4 (Playa Vista - Phase 1)</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Community Facilities District No. 4 (Playa Vista - Phase 1), Series 2014, Ref. RB</title>
        <cusip>544386DH5</cusip>
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          <isin value="US544386DH58"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oceanside (City of), CA Public Financing Authority (El Corazon Aquatics Center)</name>
        <lei>N/A</lei>
        <title>Oceanside (City of), CA Public Financing Authority (El Corazon Aquatics Center), Series 2019, RB</title>
        <cusip>67537MAX0</cusip>
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          <isin value="US67537MAX02"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Temescal Valley Water District</name>
        <lei>N/A</lei>
        <title>Temescal Valley Water District, Series 2021, RB</title>
        <cusip>87975CBK6</cusip>
        <identifiers>
          <isin value="US87975CBK62"/>
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        <balance>930000.00000000</balance>
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        <valUSD>802516.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)</name>
        <lei>N/A</lei>
        <title>California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 A, RB</title>
        <cusip>130923BM6</cusip>
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          <isin value="US130923BM69"/>
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        <balance>17000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Long Beach (City of), CA (Long Beach Towne Center)</name>
        <lei>549300XH3OUOL3JO1O51</lei>
        <title>Long Beach (City of), CA (Long Beach Towne Center), Series 2008, RB</title>
        <cusip>54243EDS9</cusip>
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          <isin value="US54243EDS90"/>
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        <balance>2000000.00000000</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>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California (State of) School Finance Authority (KIPP LA)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (KIPP LA), Series 2014 A, RB</title>
        <cusip>13059TAR0</cusip>
        <identifiers>
          <isin value="US13059TAR05"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>758282.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>San Marcos Unified School District</name>
        <lei>N/A</lei>
        <title>San Marcos Unified School District, Series 2021, RB</title>
        <cusip>798762NR7</cusip>
        <identifiers>
          <isin value="US798762NR76"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>853904.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California (State of)</name>
        <lei>N/A</lei>
        <title>California (State of), Series 2020, Ref. GO Bonds</title>
        <cusip>13063DXF0</cusip>
        <identifiers>
          <isin value="US13063DXF04"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1283295.45000000</valUSD>
        <pctVal>0.241485625964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Public Finance Authority (Sharp HealthCare)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Finance Authority (Sharp HealthCare), Series 2017 B, VRD RB</title>
        <cusip>13057EBD5</cusip>
        <identifiers>
          <isin value="US13057EBD58"/>
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        <balance>7265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7265000.00000000</valUSD>
        <pctVal>1.367099893193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Folsom Ranch Financing Authority</name>
        <lei>N/A</lei>
        <title>Folsom Ranch Financing Authority, Series 2022, RB</title>
        <cusip>344414EX1</cusip>
        <identifiers>
          <isin value="US344414EX17"/>
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        <balance>2860000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2904266.51000000</valUSD>
        <pctVal>0.546513755764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Riverside Unified School District (Community Facilities District No. 32)</name>
        <lei>N/A</lei>
        <title>Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB</title>
        <cusip>769069M51</cusip>
        <identifiers>
          <isin value="US769069M511"/>
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        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228686.68000000</valUSD>
        <pctVal>0.043033384143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California), Series 2018; RB</title>
        <cusip>13081KAX8</cusip>
        <identifiers>
          <isin value="US13081KAX81"/>
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        <balance>1005000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1025044.73000000</valUSD>
        <pctVal>0.192888993930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Martinez Unified School District</name>
        <lei>N/A</lei>
        <title>Martinez Unified School District, Series 2021, GO Bonds</title>
        <cusip>573428NW5</cusip>
        <identifiers>
          <isin value="US573428NW56"/>
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        <balance>8605000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8188127.33000000</valUSD>
        <pctVal>1.540810460880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Garden Grove (City of), CA Agency for Community Development</name>
        <lei>N/A</lei>
        <title>Garden Grove (City of), CA Agency for Community Development, Series 2008, RN</title>
        <cusip>365245AA7</cusip>
        <identifiers>
          <isin value="US365245AA75"/>
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        <balance>890000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>890917.23000000</valUSD>
        <pctVal>0.167649394353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Educational Facilities Authority (Art Center College of Design)</name>
        <lei>N/A</lei>
        <title>California (State of) Educational Facilities Authority (Art Center College of Design), Series 2018 A, Ref. RB</title>
        <cusip>130179PK4</cusip>
        <identifiers>
          <isin value="US130179PK41"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2576002.50000000</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>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Anaheim City School District (Election of 2002)</name>
        <lei>N/A</lei>
        <title>Anaheim City School District (Election of 2002), Series 2007, GO Bonds</title>
        <cusip>03254CDR8</cusip>
        <identifiers>
          <isin value="US03254CDR88"/>
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        <balance>4970000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4719295.31000000</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>2024-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Regents of the University of California Medical Center Pooled Revenue</name>
        <lei>N/A</lei>
        <title>Regents of the University of California Medical Center Pooled Revenue, Series 2016, RB</title>
        <cusip>913366HK9</cusip>
        <identifiers>
          <isin value="US913366HK92"/>
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        <balance>6580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6967866.00000000</valUSD>
        <pctVal>1.311186354354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Public Finance Authority (Enso Village) (Green Bonds)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB</title>
        <cusip>13057GAD1</cusip>
        <identifiers>
          <isin value="US13057GAD16"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>897825.40000000</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>2056-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bay Area Toll Authority (San Francisco Bay Area)</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB</title>
        <cusip>072024VM1</cusip>
        <identifiers>
          <isin value="US072024VM18"/>
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        <balance>3365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3419391.86000000</valUSD>
        <pctVal>0.643448072483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) School Finance Authority (New Designs Charter School)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (New Designs Charter School), Series 2012, RB</title>
        <cusip>130591AJ9</cusip>
        <identifiers>
          <isin value="US130591AJ90"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450320.00000000</valUSD>
        <pctVal>0.084739493999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Planada Elementary School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Planada Elementary School District (Election of 2008), Series 2009 B, GO Bonds</title>
        <cusip>727016CG0</cusip>
        <identifiers>
          <isin value="US727016CG00"/>
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        <balance>8440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2260143.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chino Valley Unified School District</name>
        <lei>N/A</lei>
        <title>Chino Valley Unified School District, Series 2020 B, GO Bonds</title>
        <cusip>169583HB0</cusip>
        <identifiers>
          <isin value="US169583HB08"/>
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        <balance>10385000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11338410.50000000</valUSD>
        <pctVal>2.133618690094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Diego County Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority, Series 2021, RB</title>
        <cusip>79739GNX0</cusip>
        <identifiers>
          <isin value="US79739GNX06"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10380427.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Palm Desert (City of), CA (University Park)</name>
        <lei>N/A</lei>
        <title>Palm Desert (City of), CA (University Park), Series 2021, Ref. RB</title>
        <cusip>696627ER5</cusip>
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          <isin value="US696627ER52"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>417959.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Simi Valley Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds</title>
        <cusip>828641UF5</cusip>
        <identifiers>
          <isin value="US828641UF57"/>
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        <balance>1210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>925699.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing), Series 2019, RB</title>
        <cusip>13049YDF5</cusip>
        <identifiers>
          <isin value="US13049YDF51"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521204.20000000</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>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2016, Ref. RB</title>
        <cusip>13080SNN0</cusip>
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          <isin value="US13080SNN08"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1956321.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guam (Territory of) International Airport Authority</name>
        <lei>N/A</lei>
        <title>Guam (Territory of) International Airport Authority, Series 2013 C, RB</title>
        <cusip>40064RER6</cusip>
        <identifiers>
          <isin value="US40064RER66"/>
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        <balance>1440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1481036.54000000</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>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eastern Municipal Water District (Community Facilities District No. 2012-61)</name>
        <lei>549300ZCFVRFDIRWK089</lei>
        <title>Eastern Municipal Water District (Community Facilities District No. 2012-61), Series 2020, RB</title>
        <cusip>27627MXZ5</cusip>
        <identifiers>
          <isin value="US27627MXZ57"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96653.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</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>Irvine (City of), CA (Reassessment District No. 13-1)</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>Irvine (City of), CA (Reassessment District No. 13-1), Series 2013, RB</title>
        <cusip>46360RQK6</cusip>
        <identifiers>
          <isin value="US46360RQK67"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>409872.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (John Muir Health)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (John Muir Health), Series 2016 A, Ref. RB</title>
        <cusip>13080SMT8</cusip>
        <identifiers>
          <isin value="US13080SMT86"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1291429.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Public Works Board (Various State Universities)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Works Board (Various State Universities), Series 2013 H, RB</title>
        <cusip>13068LKD6</cusip>
        <identifiers>
          <isin value="US13068LKD63"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2053933.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Joaquin Hills Transportation Corridor Agency</name>
        <lei>N/A</lei>
        <title>San Joaquin Hills Transportation Corridor Agency, Series 2021 A, Ref. RB</title>
        <cusip>798111GM6</cusip>
        <identifiers>
          <isin value="US798111GM60"/>
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        <balance>3227000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3016856.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Series 2017, RB</title>
        <cusip>13049UCY3</cusip>
        <identifiers>
          <isin value="US13049UCY38"/>
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        <balance>10380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11119619.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Riverside Unified School District</name>
        <lei>N/A</lei>
        <title>Riverside Unified School District, Series 2021, RB</title>
        <cusip>769069Q32</cusip>
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          <isin value="US769069Q322"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>376005.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>El Segundo Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>284047HB6</cusip>
        <identifiers>
          <isin value="US284047HB62"/>
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        <balance>615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>414573.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ontario (City of), CA Community Facilities District No. 45</name>
        <lei>N/A</lei>
        <title>Ontario (City of), CA Community Facilities District No. 45, Series 2020, RB</title>
        <cusip>68305FAS4</cusip>
        <identifiers>
          <isin value="US68305FAS48"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>392796.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB</title>
        <cusip>89356CAQ9</cusip>
        <identifiers>
          <isin value="US89356CAQ96"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1092017.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jurupa Community Services District</name>
        <lei>N/A</lei>
        <title>Jurupa Community Services District, Series 2020 A, RB</title>
        <cusip>48210CBM9</cusip>
        <identifiers>
          <isin value="US48210CBM91"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>449631.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dry Creek Joint Elementary School District (Election of 2008-Measure E)</name>
        <lei>N/A</lei>
        <title>Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds</title>
        <cusip>262386FK6</cusip>
        <identifiers>
          <isin value="US262386FK68"/>
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        <balance>2860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>886190.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oak Grove School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Oak Grove School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>671205ZK1</cusip>
        <identifiers>
          <isin value="US671205ZK16"/>
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        <balance>670000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>559860.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Temescal Valley Water District</name>
        <lei>N/A</lei>
        <title>Temescal Valley Water District, Series 2021, RB</title>
        <cusip>87975CBJ9</cusip>
        <identifiers>
          <isin value="US87975CBJ99"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>441207.65000000</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>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Inland Empire Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Inland Empire Tobacco Securitization Corp., Series 2007 C-2, RB</title>
        <cusip>45734TAE4</cusip>
        <identifiers>
          <isin value="US45734TAE47"/>
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        <balance>35000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6770823.50000000</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>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California (State of) Infrastructure &amp; Economic Development Bank, Series 2003 A, RB</title>
        <cusip>13033WKZ5</cusip>
        <identifiers>
          <isin value="US13033WKZ58"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1664330.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mountain House Public Financing Authority (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB</title>
        <cusip>62412PBN5</cusip>
        <identifiers>
          <isin value="US62412PBN50"/>
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        <balance>1175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1111087.99000000</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>2045-12-01</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>San Diego (County of), CA Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB</title>
        <cusip>79739GNU6</cusip>
        <identifiers>
          <isin value="US79739GNU66"/>
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        <balance>1850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1928894.73000000</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>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Etiwanda School District Community Facilities District No. 2018-1 (Day Creek Square Public Facilities)</name>
        <lei>N/A</lei>
        <title>Etiwanda School District Community Facilities District No. 2018-1 (Day Creek Square Public Facilities), Series 2020, RB</title>
        <cusip>29767UAR6</cusip>
        <identifiers>
          <isin value="US29767UAR68"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183894.49000000</valUSD>
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        <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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      <invstOrSec>
        <name>Los Angeles (City of), CA Community Facilities District No. 4 (Playa Vista - Phase 1)</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Community Facilities District No. 4 (Playa Vista - Phase 1), Series 2014, Ref. RB</title>
        <cusip>544386DJ1</cusip>
        <identifiers>
          <isin value="US544386DJ15"/>
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        <balance>985000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1035454.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dry Creek Joint Elementary School District (Election of 2008-Measure E)</name>
        <lei>N/A</lei>
        <title>Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds</title>
        <cusip>262386FC4</cusip>
        <identifiers>
          <isin value="US262386FC43"/>
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        <balance>4420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2178935.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB</title>
        <cusip>79770GAT3</cusip>
        <identifiers>
          <isin value="US79770GAT31"/>
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        <balance>785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>818730.67000000</valUSD>
        <pctVal>0.154065603786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Guam (Territory of) Power Authority</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam (Territory of) Power Authority, Series 2012 A, Ref. RB</title>
        <cusip>400653GM7</cusip>
        <identifiers>
          <isin value="US400653GM75"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2505063.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Alliance for College-Ready Public Schools - 47th and Main)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Alliance for College-Ready Public Schools - 47th and Main), Series 2012 A, RB</title>
        <cusip>13080KAN1</cusip>
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          <isin value="US13080KAN19"/>
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        <balance>2060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2063900.20000000</valUSD>
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        <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>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Eisenhower Medical Centers)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Eisenhower Medical Centers), Series 2017 A, Ref. RB</title>
        <cusip>13048T4P5</cusip>
        <identifiers>
          <isin value="US13048T4P51"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1529364.00000000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orange County Community Facilities District</name>
        <lei>N/A</lei>
        <title>Orange County Community Facilities District, Series 2022, RB</title>
        <cusip>68423PZK9</cusip>
        <identifiers>
          <isin value="US68423PZK91"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2261843.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guam (Territory of) International Airport Authority</name>
        <lei>N/A</lei>
        <title>Guam (Territory of) International Airport Authority, Series 2013 C, RB</title>
        <cusip>40064REM7</cusip>
        <identifiers>
          <isin value="US40064REM79"/>
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        <balance>1560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1622919.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Irvine (City of), CA (Reassessment District No. 12-1)</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>Irvine (City of), CA (Reassessment District No. 12-1), Series 2012, RB</title>
        <cusip>46360RLW5</cusip>
        <identifiers>
          <isin value="US46360RLW50"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506255.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US13051ABJ60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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      </invstOrSec>
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        <name>Ontario (City of), CA Community Facilities District No. 45</name>
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          <isin value="US68305FAQ81"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13049YBK6</cusip>
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          <isin value="US13049YBK64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (American Heritage Education Foundation)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (American Heritage Education Foundation), Series 2016 A, Ref. RB</title>
        <cusip>13049AAG8</cusip>
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          <isin value="US13049AAG85"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chino (City of), CA Community Facilities District (Improvement Area No. 8)</name>
        <lei>N/A</lei>
        <title>Chino (City of), CA Community Facilities District (Improvement Area No. 8), Series 2021, RB</title>
        <cusip>169511WL2</cusip>
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          <isin value="US169511WL20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Poway Unified School District (Del Sur East II)</name>
        <lei>N/A</lei>
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        <cusip>738855G58</cusip>
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          <isin value="US738855G588"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2400865.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB</title>
        <cusip>13016NEZ3</cusip>
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          <isin value="US13016NEZ33"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fremont Community Facilities District No. 1 (Pacific Commons)</name>
        <lei>N/A</lei>
        <title>Fremont Community Facilities District No. 1 (Pacific Commons), Series 2015, Ref. RB</title>
        <cusip>357129CM5</cusip>
        <identifiers>
          <isin value="US357129CM51"/>
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        <balance>1880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1950004.06000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rancho Cordova CA</name>
        <lei>N/A</lei>
        <title>City of Rancho Cordova CA, Series 2012, RB</title>
        <cusip>75211REL7</cusip>
        <identifiers>
          <isin value="US75211REL78"/>
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        <balance>1425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1425000.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) School Finance Authority (KIPP LA)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (KIPP LA), Series 2014 A, RB</title>
        <cusip>13059TAQ2</cusip>
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          <isin value="US13059TAQ22"/>
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        <balance>600000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)</name>
        <lei>N/A</lei>
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        <cusip>544445CX5</cusip>
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          <isin value="US544445CX58"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1572246.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Beverly Hills Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds</title>
        <cusip>088023JB3</cusip>
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          <isin value="US088023JB30"/>
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        <balance>430000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
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        <name>Fontana (City of), CA (The Meadows)</name>
        <lei>N/A</lei>
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        <cusip>344630WY0</cusip>
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          <isin value="US344630WY04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California (State of) Municipal Finance Authority (Mt. San Antonio Gardens)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Mt. San Antonio Gardens), Series 2019, Ref. RB</title>
        <cusip>13049RBG0</cusip>
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          <isin value="US13049RBG02"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Orange County Community College District (Election of 2014)</name>
        <lei>N/A</lei>
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          <isin value="US661334FT40"/>
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        <name>Lake Elsinore Unified School District Community Facilities District No. 2006-2 (Improvement Area No. C)</name>
        <lei>N/A</lei>
        <title>Lake Elsinore Unified School District Community Facilities District No. 2006-2 (Improvement Area No. C), Series 2020, RB</title>
        <cusip>509640YP7</cusip>
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          <isin value="US509640YP74"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB</title>
        <cusip>79770GAP1</cusip>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US68304NBH17"/>
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          <maturityDt>2045-09-01</maturityDt>
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        <name>Corona-Norco Unified School District (Community Facilities District No. 98-1)</name>
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        <name>California (State of)</name>
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          <isin value="US13063CEW64"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 1)</name>
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        <cusip>46360TDF7</cusip>
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          <isin value="US46360TDF75"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13080SWN0</cusip>
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          <isin value="US13080SWN07"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <cusip>74529JQH1</cusip>
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          <isin value="US74529JQH13"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
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      <invstOrSec>
        <name>Los Alamitos Unified School District</name>
        <lei>549300YJXGV6HPEZKU12</lei>
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        <cusip>544203CE0</cusip>
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          <isin value="US544203CE04"/>
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        <balance>3340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3141430.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Community Housing Agency (Annadel Apartments)</name>
        <lei>N/A</lei>
        <title>California (State of) Community Housing Agency (Annadel Apartments), Series 2019 A, RB</title>
        <cusip>13013HAA8</cusip>
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          <isin value="US13013HAA86"/>
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        <balance>4145000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526QPR7</cusip>
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          <isin value="US74526QPR73"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2026829.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Pacific Highlands Ranch)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Pacific Highlands Ranch), Series 2019, RB</title>
        <cusip>13078YPP4</cusip>
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          <isin value="US13078YPP42"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1050398.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-02</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2019, RB</title>
        <cusip>13080SWP5</cusip>
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          <isin value="US13080SWP54"/>
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        <balance>1145000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Orange (County of), CA Community Facilities District No. 2004-1 (Ladera Ranch)</name>
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        <cusip>68423PVE7</cusip>
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          <isin value="US68423PVE77"/>
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        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13078YRH0</cusip>
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          <isin value="US13078YRH08"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Escondido Union School District (Election of 2014)</name>
        <lei>N/A</lei>
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        <cusip>296371UD7</cusip>
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          <isin value="US296371UD71"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>Port Authority of Guam</name>
        <lei>N/A</lei>
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          <isin value="US400652AA19"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020, RB</title>
        <cusip>13077EHD5</cusip>
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          <isin value="US13077EHD58"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2020, RB</title>
        <cusip>91412HHG1</cusip>
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          <isin value="US91412HHG11"/>
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        <name>California (State of) Statewide Communities Development Authority (Eskaton Properties, Inc.)</name>
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        <name>California (State of) Statewide Communities Development Authority (Henry Mayo Newhall Memorial Hospital)</name>
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        <name>Jefferson Union High School District (Teacher and Staff Housing)</name>
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        <cusip>472467AU3</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>ABAG Finance Authority for Nonprofit Corps. (Sharp Healthcare)</name>
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          <isin value="US00037CVN72"/>
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        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020, RB</title>
        <cusip>13078YQV0</cusip>
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          <isin value="US13078YQV01"/>
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        <fairValLevel>2</fairValLevel>
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        <name>South Orange (County of), CA Public Financing Authority (Ladera Ranch)</name>
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        <cusip>839100JN5</cusip>
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          <isin value="US839100JN53"/>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Statewide Communities Development Authority (Delta Coves)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Delta Coves), Series 2022, RB</title>
        <cusip>13077ELE8</cusip>
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          <isin value="US13077ELE85"/>
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        <valUSD>2022498.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Guam (Territory of) Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam (Territory of) Waterworks Authority, Series 2020 A, RB</title>
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          <isin value="US40065FDF80"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Santa Clarita Community College District</name>
        <lei>N/A</lei>
        <title>Santa Clarita Community College District, Series 2019, GO Bonds</title>
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          <isin value="US801686SG20"/>
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        <name>California (State of) School Finance Authority (Classical Academies Oceanside)</name>
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        <title>California (State of) School Finance Authority (Classical Academies Oceanside), Series 2022 A, RB</title>
        <cusip>13058TQC7</cusip>
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        <name>Menifee Union School District (Community Facilities District No. 2006-2)</name>
        <lei>N/A</lei>
        <title>Menifee Union School District (Community Facilities District No. 2006-2), Series 2020, Ref. RB</title>
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          <isin value="US586810Z719"/>
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          <maturityDt>2045-09-01</maturityDt>
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        <name>California (State of) Municipal Finance Authority (Touro College and University System)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Touro College and University System), Series 2014 A, RB</title>
        <cusip>13048TSH7</cusip>
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          <isin value="US13048TSH76"/>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Corona-Norco Unified School District (Community Facilities District No. 17-1)</name>
        <lei>N/A</lei>
        <title>Corona-Norco Unified School District (Community Facilities District No. 17-1), Series 2020, RB</title>
        <cusip>219766QJ4</cusip>
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          <isin value="US219766QJ43"/>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Series 2013 A, RB</title>
        <cusip>38122NXS6</cusip>
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          <isin value="US38122NXS60"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Emanate Health)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Emanate Health), Series 2020 A, RB</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village)</name>
        <lei>N/A</lei>
        <title>Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village), Series 2016 A, RB</title>
        <cusip>68423PXA3</cusip>
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          <isin value="US68423PXA38"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of California (Limited)</name>
        <lei>N/A</lei>
        <title>University of California (Limited), Series 2018 O, Ref. RB</title>
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        <name>Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo)</name>
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        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
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        <name>Virgin Islands (Government of) Public Finance Authority</name>
        <lei>N/A</lei>
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        <name>Irvine (City of), CA (Reassessment District No. 13-1)</name>
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        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
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        <name>San Diego (County of), CA Regional Airport Authority</name>
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        <name>California (State of) Statewide Communities Development Authority (Improvement Area No. 1)</name>
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        <name>California (State of) School Finance Authority (Classical Academies)</name>
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        <lei>N/A</lei>
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        <name>California (County of), CA Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
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        <name>Los Angeles County Facilities Inc.</name>
        <lei>N/A</lei>
        <title>Los Angeles County Facilities Inc., Series 2018, RB</title>
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        <name>Irvine Ranch Water District</name>
        <lei>2ZRS7W19IBMY48SFBI68</lei>
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        <name>California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The))</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The)), Series 2018 A, RB</title>
        <cusip>13048DCQ9</cusip>
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        <name>Santa Margarita Water District (Community Facilities District No. 2013-1)</name>
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        <cusip>802242EQ6</cusip>
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        <name>Lake Elsinore (City of), CA</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <name>California (State of) Municipal Finance Authority (Santa Rosa Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US130486BF91"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (William Jessup University)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US13048VJF67"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2019 F, RB</title>
        <cusip>544445NU9</cusip>
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          <isin value="US544445NU90"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
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        <cusip>16876QBF5</cusip>
        <identifiers>
          <isin value="US16876QBF54"/>
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        <balance>1860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1889061.38000000</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>2039-05-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Community Housing Agency (Verdant at Green Valley)</name>
        <lei>N/A</lei>
        <title>California (State of) Community Housing Agency (Verdant at Green Valley), Series 2019 A, RB</title>
        <cusip>13013FAA2</cusip>
        <identifiers>
          <isin value="US13013FAA21"/>
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        <balance>2640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2490927.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</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>Three Rivers Levee Improvement Authority</name>
        <lei>N/A</lei>
        <title>Three Rivers Levee Improvement Authority, Series 2021, Ref. RB</title>
        <cusip>88563DAD7</cusip>
        <identifiers>
          <isin value="US88563DAD75"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2159543.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3)</name>
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        <title>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3), Series 2020, RB</title>
        <cusip>794895CC4</cusip>
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          <isin value="US794895CC42"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335103.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Marin Water District Financing Authority</name>
        <lei>N/A</lei>
        <title>Marin Water District Financing Authority, Series 2017, RB</title>
        <cusip>56782UBH1</cusip>
        <identifiers>
          <isin value="US56782UBH14"/>
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        <balance>6035000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Educational Facilities Authority (Chapman University)</name>
        <lei>N/A</lei>
        <title>California (State of) Educational Facilities Authority (Chapman University), Series 2015, RB</title>
        <cusip>1301787X8</cusip>
        <identifiers>
          <isin value="US1301787X82"/>
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        <balance>2180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2248057.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Educational Facilities Authority (Loma Linda University)</name>
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        <title>California (State of) Educational Facilities Authority (Loma Linda University), Series 2017 A, Ref. RB</title>
        <cusip>130179JE5</cusip>
        <identifiers>
          <isin value="US130179JE54"/>
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        <valUSD>3475767.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Calimesa (City of), CA Community Facilities District No. 2018-1 (Summerwind Trails)</name>
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        <title>Calimesa (City of), CA Community Facilities District No. 2018-1 (Summerwind Trails), Series 2020, RB</title>
        <cusip>13083UDR4</cusip>
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          <isin value="US13083UDR41"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>South San Francisco (City of), CA</name>
        <lei>N/A</lei>
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        <cusip>840000AP8</cusip>
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          <isin value="US840000AP83"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB</title>
        <cusip>777870M45</cusip>
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          <isin value="US777870M454"/>
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        <balance>1520000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Alhambra Unified School District (Election of 2004)</name>
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        <cusip>016059DM6</cusip>
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          <isin value="US016059DM64"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport), Series 2018 D, RB</title>
        <cusip>79766DLH0</cusip>
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          <isin value="US79766DLH07"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rancho Cordova CA</name>
        <lei>N/A</lei>
        <title>City of Rancho Cordova CA, Series 2012, RB</title>
        <cusip>75211REM5</cusip>
        <identifiers>
          <isin value="US75211REM51"/>
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        <balance>1495000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo)</name>
        <lei>N/A</lei>
        <title>Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo), Series 2020, RB</title>
        <cusip>55646MCP8</cusip>
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          <isin value="US55646MCP86"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Irvine Unified School District (Community Facilities District No. 09-1)</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>Irvine Unified School District (Community Facilities District No. 09-1), Series 2018 A, Ref. RB</title>
        <cusip>463612MH1</cusip>
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          <isin value="US463612MH15"/>
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        <balance>1575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1645509.60000000</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>2049-09-01</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>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
        <title>Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB</title>
        <cusip>74529JQG3</cusip>
        <identifiers>
          <isin value="US74529JQG30"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2863933.00000000</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>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Beverly Hills Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds</title>
        <cusip>088023HV1</cusip>
        <identifiers>
          <isin value="US088023HV12"/>
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        <balance>1245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1116839.45000000</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>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bold Program), Series 2020 B, RB</title>
        <cusip>13051AAT5</cusip>
        <identifiers>
          <isin value="US13051AAT51"/>
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        <balance>455000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>403528.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB</title>
        <cusip>130486BC6</cusip>
        <identifiers>
          <isin value="US130486BC60"/>
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        <balance>1340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1300247.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Placer (County of), CA Community Facilities District</name>
        <lei>N/A</lei>
        <title>Placer (County of), CA Community Facilities District, Series 2021, RB</title>
        <cusip>726011BW8</cusip>
        <identifiers>
          <isin value="US726011BW81"/>
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        <balance>1920000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1373203.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bay Area Water Supply &amp; Conservation Agency</name>
        <lei>N/A</lei>
        <title>Bay Area Water Supply &amp; Conservation Agency, Series 2013 A, RB</title>
        <cusip>072031BP1</cusip>
        <identifiers>
          <isin value="US072031BP10"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3553178.65000000</valUSD>
        <pctVal>0.668623558556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Palomar Health</name>
        <lei>N/A</lei>
        <title>Palomar Health, Series 2017, COP</title>
        <cusip>69752RAN5</cusip>
        <identifiers>
          <isin value="US69752RAN52"/>
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        <balance>1240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1082362.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</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>
      <invstOrSec>
        <name>Beverly Hills Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds</title>
        <cusip>088023HX7</cusip>
        <identifiers>
          <isin value="US088023HX77"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2525898.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB</title>
        <cusip>777870P26</cusip>
        <identifiers>
          <isin value="US777870P267"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>889718.40000000</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>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Infrastructure &amp; Economic Development Bank (Independent System Operator Corp.)</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California (State of) Infrastructure &amp; Economic Development Bank (Independent System Operator Corp.), Series 2013, Ref. RB</title>
        <cusip>13034ADM9</cusip>
        <identifiers>
          <isin value="US13034ADM99"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3034017.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santa Ana Unified School District (Financing Project)</name>
        <lei>N/A</lei>
        <title>Santa Ana Unified School District (Financing Project), Series 1999, COP</title>
        <cusip>801163DM5</cusip>
        <identifiers>
          <isin value="US801163DM54"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>565857.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Caritas Affordable Housing, Inc.)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Caritas Affordable Housing, Inc.), Series 2014 B, RB</title>
        <cusip>13049SBH6</cusip>
        <identifiers>
          <isin value="US13049SBH67"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297771.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
        <title>Long Beach Unified School District, Series 2012, GO Bonds</title>
        <cusip>542433NV5</cusip>
        <identifiers>
          <isin value="US542433NV55"/>
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        <balance>11625000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB</title>
        <cusip>79770GAM8</cusip>
        <identifiers>
          <isin value="US79770GAM87"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>229854.33000000</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>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Moreland School District (Crossover Series 14)</name>
        <lei>N/A</lei>
        <title>Moreland School District (Crossover Series 14), Series 2006 C, Ref. GO Bonds</title>
        <cusip>616794QH9</cusip>
        <identifiers>
          <isin value="US616794QH97"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1016739.38000000</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>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (United Airlines, Inc.)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (United Airlines, Inc.), Series 2019, RB</title>
        <cusip>13050RAA0</cusip>
        <identifiers>
          <isin value="US13050RAA05"/>
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        <balance>7120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7056302.34000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
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        <name>California (State of) Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13051AAD0</cusip>
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      </invstOrSec>
      <invstOrSec>
        <name>Simi Valley Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds</title>
        <cusip>828641UD0</cusip>
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          <isin value="US828641UD00"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I Student Housing)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I Student Housing), Series 2019, RB</title>
        <cusip>13049YEE7</cusip>
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          <isin value="US13049YEE77"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (KIPP LA)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (KIPP LA), Series 2015 A, RB</title>
        <cusip>13059TBZ1</cusip>
        <identifiers>
          <isin value="US13059TBZ12"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1161739.32000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Menifee Union School District (Community Facilities District No. 2014-3)</name>
        <lei>N/A</lei>
        <title>Menifee Union School District (Community Facilities District No. 2014-3), Series 2019, RB</title>
        <cusip>586810W25</cusip>
        <identifiers>
          <isin value="US586810W252"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</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>Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 1)</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 1), Series 2014, RB</title>
        <cusip>46360TDE0</cusip>
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          <isin value="US46360TDE01"/>
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        <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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      </invstOrSec>
      <invstOrSec>
        <name>William S. Hart Union High School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>William S. Hart Union High School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>969275QR0</cusip>
        <identifiers>
          <isin value="US969275QR05"/>
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        <balance>9370000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement)</name>
        <lei>N/A</lei>
        <title>San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement), Series 2011 A, Ref. RB</title>
        <cusip>798693CX3</cusip>
        <identifiers>
          <isin value="US798693CX34"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2505516.00000000</valUSD>
        <pctVal>0.471478411011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2017 A, RB</title>
        <cusip>544445CY3</cusip>
        <identifiers>
          <isin value="US544445CY32"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1038847.40000000</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>2042-05-15</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>California (State of) School Finance Authority (KIPP SoCal Public Schools)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (KIPP SoCal Public Schools), Series 2019 A, RB</title>
        <cusip>13059TFT1</cusip>
        <identifiers>
          <isin value="US13059TFT16"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>773763.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
        <lei>N/A</lei>
        <title>Foothill-Eastern Transportation Corridor Agency, Series 1995 A, RB</title>
        <cusip>345105BB5</cusip>
        <identifiers>
          <isin value="US345105BB58"/>
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        <balance>2950000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grossmont Union High School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Grossmont Union High School District (Election of 2004), Series 2006, GO Bonds</title>
        <cusip>399262CF9</cusip>
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          <isin value="US399262CF91"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB</title>
        <cusip>130486BB8</cusip>
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          <isin value="US130486BB87"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2014, RB</title>
        <cusip>13080SEX8</cusip>
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          <isin value="US13080SEX80"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2012, RB</title>
        <cusip>13077CYE8</cusip>
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          <isin value="US13077CYE82"/>
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        <balance>2010000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2015, RB</title>
        <cusip>13059TBU2</cusip>
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          <isin value="US13059TBU25"/>
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        <balance>2635000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Pollution Control Finance Authority</name>
        <lei>N/A</lei>
        <title>California (State of) Pollution Control Finance Authority, Series 2012, RB</title>
        <cusip>13054WAA5</cusip>
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          <isin value="US13054WAA53"/>
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        <balance>1995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004189.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>South Orange (County of), CA Public Financing Authority (Ladera Ranch)</name>
        <lei>N/A</lei>
        <title>South Orange (County of), CA Public Financing Authority (Ladera Ranch), Series 2014 A, Ref. RB</title>
        <cusip>839100JW5</cusip>
        <identifiers>
          <isin value="US839100JW52"/>
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        <balance>1680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1708858.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</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>
      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Linxs APM)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB</title>
        <cusip>13048VBX5</cusip>
        <identifiers>
          <isin value="US13048VBX55"/>
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        <balance>3995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4108193.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jurupa Community Services District</name>
        <lei>N/A</lei>
        <title>Jurupa Community Services District, Series 2021 A, RB</title>
        <cusip>48210CDE5</cusip>
        <identifiers>
          <isin value="US48210CDE57"/>
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        <balance>290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>257949.06000000</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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      </invstOrSec>
      <invstOrSec>
        <name>Marina (City of), CA Redevelopment Agency Successor Agency</name>
        <lei>N/A</lei>
        <title>Marina (City of), CA Redevelopment Agency Successor Agency, Series 2020 B, RB</title>
        <cusip>568061CJ2</cusip>
        <identifiers>
          <isin value="US568061CJ25"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>272899.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (NCCD Hooper Street LLC California College of the Arts)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (NCCD Hooper Street LLC California College of the Arts), Series 2019, RB</title>
        <cusip>13081CAD0</cusip>
        <identifiers>
          <isin value="US13081CAD02"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2310657.75000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Caritas Affordable Housing, Inc.)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Caritas Affordable Housing, Inc.), Series 2014 A, RB</title>
        <cusip>13049SBE3</cusip>
        <identifiers>
          <isin value="US13049SBE37"/>
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        <balance>3700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3763510.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NHB3</cusip>
        <identifiers>
          <isin value="US13016NHB38"/>
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        <balance>2950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>608307.70000000</valUSD>
        <pctVal>0.114469014686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Irvine Unified School District (Community Facilities District No. 01-1)</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>Irvine Unified School District (Community Facilities District No. 01-1), Series 2015, Ref. RB</title>
        <cusip>463612HH7</cusip>
        <identifiers>
          <isin value="US463612HH79"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1570495.95000000</valUSD>
        <pctVal>0.295529916793</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles), Series 2017 A, Ref. RB</title>
        <cusip>13032UNG9</cusip>
        <identifiers>
          <isin value="US13032UNG93"/>
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        <balance>3285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3369930.39000000</valUSD>
        <pctVal>0.634140602372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB</title>
        <cusip>79766DSA8</cusip>
        <identifiers>
          <isin value="US79766DSA80"/>
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        <balance>3515000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3640931.20000000</valUSD>
        <pctVal>0.685136497542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3)</name>
        <lei>549300MQT95KWXC3XG68</lei>
        <title>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3), Series 2020, RB</title>
        <cusip>794895CE0</cusip>
        <identifiers>
          <isin value="US794895CE08"/>
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        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>169278.26000000</valUSD>
        <pctVal>0.031854135053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Independent Cities Finance Authority</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Independent Cities Finance Authority, Series 2021, RB</title>
        <cusip>45384PAP0</cusip>
        <identifiers>
          <isin value="US45384PAP09"/>
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        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1174507.00000000</valUSD>
        <pctVal>0.221014231831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Virgin Islands (Government of) Port Authority</name>
        <lei>N/A</lei>
        <title>Virgin Islands (Government of) Port Authority, Series 2014 B, Ref. RB</title>
        <cusip>927674BC4</cusip>
        <identifiers>
          <isin value="US927674BC46"/>
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        <balance>1720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1579592.44000000</valUSD>
        <pctVal>0.297241659465</pctVal>
        <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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>El Segundo Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>284047GZ4</cusip>
        <identifiers>
          <isin value="US284047GZ40"/>
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        <balance>2735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2017854.28000000</valUSD>
        <pctVal>0.379712095067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles (City of), CA Department of Airports</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Department of Airports, Series 2022 A, RB</title>
        <cusip>544445WS4</cusip>
        <identifiers>
          <isin value="US544445WS44"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1844621.80000000</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>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mountain House Public Financing Authority (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Mountain House Public Financing Authority (Green Bonds), Series 2020 B, RB</title>
        <cusip>62412PCL8</cusip>
        <identifiers>
          <isin value="US62412PCL85"/>
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        <balance>1165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1112297.15000000</valUSD>
        <pctVal>0.209307820366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sanger Unified School District</name>
        <lei>N/A</lei>
        <title>Sanger Unified School District, Series 1999, Ref. GO Bonds</title>
        <cusip>800851KJ5</cusip>
        <identifiers>
          <isin value="US800851KJ59"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55831.55000000</valUSD>
        <pctVal>0.010506167383</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>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eastern Municipal Water District (Community Facilities District No. 2016-75)</name>
        <lei>549300ZCFVRFDIRWK089</lei>
        <title>Eastern Municipal Water District (Community Facilities District No. 2016-75), Series 2021, RB</title>
        <cusip>27627MZM2</cusip>
        <identifiers>
          <isin value="US27627MZM27"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134863.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alhambra Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Alhambra Unified School District (Election of 2004), Series 2009 B, GO Bonds</title>
        <cusip>016059DL8</cusip>
        <identifiers>
          <isin value="US016059DL81"/>
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        <balance>1120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>689382.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>West Patterson Financing Authority</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority, Series 2021, RB</title>
        <cusip>955232FA6</cusip>
        <identifiers>
          <isin value="US955232FA65"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340035.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jurupa Community Services District</name>
        <lei>N/A</lei>
        <title>Jurupa Community Services District, Series 2020 A, RB</title>
        <cusip>48210CBL1</cusip>
        <identifiers>
          <isin value="US48210CBL19"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266736.54000000</valUSD>
        <pctVal>0.050193461162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glendale Community College District</name>
        <lei>N/A</lei>
        <title>Glendale Community College District, Series 2020 B, GO Bonds</title>
        <cusip>378394JA9</cusip>
        <identifiers>
          <isin value="US378394JA94"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9842397.00000000</valUSD>
        <pctVal>1.852104595659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB</title>
        <cusip>79770GAU0</cusip>
        <identifiers>
          <isin value="US79770GAU04"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>390929.10000000</valUSD>
        <pctVal>0.073563541755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Moreno Valley Unified School District (Community Facilities District No. 2015-2)</name>
        <lei>N/A</lei>
        <title>Moreno Valley Unified School District (Community Facilities District No. 2015-2), Series 2019, RB</title>
        <cusip>616874RP0</cusip>
        <identifiers>
          <isin value="US616874RP08"/>
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        <balance>435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>455953.65000000</valUSD>
        <pctVal>0.085799612693</pctVal>
        <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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District (Village of Esencia)</name>
        <lei>N/A</lei>
        <title>Orange (County of), CA Community Facilities District (Village of Esencia), Series 2020, RB</title>
        <cusip>68423PYT1</cusip>
        <identifiers>
          <isin value="US68423PYT10"/>
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        <balance>355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>317701.43000000</valUSD>
        <pctVal>0.059783839094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Infrastructure &amp; Economic Development Bank (Sustainability Bonds)</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California (State of) Infrastructure &amp; Economic Development Bank (Sustainability Bonds), Series 2021 B, RB</title>
        <cusip>13034AU99</cusip>
        <identifiers>
          <isin value="US13034AU994"/>
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        <balance>1210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1135247.41000000</valUSD>
        <pctVal>0.213626512451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Series 2020, GO Bonds</title>
        <cusip>13063DUT3</cusip>
        <identifiers>
          <isin value="US13063DUT35"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6828056.90000000</valUSD>
        <pctVal>1.284877613036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Pollution Control Finance Authority</name>
        <lei>N/A</lei>
        <title>California (State of) Pollution Control Finance Authority, Series 2012, RB</title>
        <cusip>13054WAB3</cusip>
        <identifiers>
          <isin value="US13054WAB37"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6014162.40000000</valUSD>
        <pctVal>1.131722061209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB</title>
        <cusip>89356CAR7</cusip>
        <identifiers>
          <isin value="US89356CAR79"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1082759.60000000</valUSD>
        <pctVal>0.203749557262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)</name>
        <lei>N/A</lei>
        <title>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith), Series 2015, RB</title>
        <cusip>76911FTK0</cusip>
        <identifiers>
          <isin value="US76911FTK02"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1538723.25000000</valUSD>
        <pctVal>0.289551051717</pctVal>
        <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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of)</name>
        <lei>N/A</lei>
        <title>California (State of), Series 2020, GO Bonds</title>
        <cusip>13063DUR7</cusip>
        <identifiers>
          <isin value="US13063DUR78"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1981635.60000000</valUSD>
        <pctVal>0.372896602492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles (City of), CA Community Facilities District No. 11</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Community Facilities District No. 11, Series 2021, RB</title>
        <cusip>544386DX0</cusip>
        <identifiers>
          <isin value="US544386DX09"/>
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        <balance>1650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1446411.95000000</valUSD>
        <pctVal>0.272180264605</pctVal>
        <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>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redev Agency Community Facilities District No. 6 (Mission Bay South Public Improvements)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redev Agency Community Facilities District No. 6 (Mission Bay South Public Improvements),</title>
        <cusip>79772AAV9</cusip>
        <identifiers>
          <isin value="US79772AAV98"/>
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        <balance>1635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1636771.20000000</valUSD>
        <pctVal>0.308001339669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Redlands Unified School District (Community Facilities District No. 2006-1)</name>
        <lei>N/A</lei>
        <title>Redlands Unified School District (Community Facilities District No. 2006-1), Series 2020, RB</title>
        <cusip>757619CH2</cusip>
        <identifiers>
          <isin value="US757619CH23"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>342806.36000000</valUSD>
        <pctVal>0.064507988732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Public Works Board (Various Capital)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Works Board (Various Capital), Series 2012 G, Ref. RB</title>
        <cusip>13068LAV7</cusip>
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          <isin value="US13068LAV71"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1506956.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Torrance Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Torrance Unified School District (Election of 2008), Series 2009, GO Bonds</title>
        <cusip>891381G58</cusip>
        <identifiers>
          <isin value="US891381G588"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>804883.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB</title>
        <cusip>79770GAQ9</cusip>
        <identifiers>
          <isin value="US79770GAQ91"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470802.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>River Islands Public Financing Authority</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority, Series 2022, RB</title>
        <cusip>76827QGR8</cusip>
        <identifiers>
          <isin value="US76827QGR83"/>
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        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1529306.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of)</name>
        <lei>N/A</lei>
        <title>California (State of), Series 2013, GO Bonds</title>
        <cusip>13063B3W0</cusip>
        <identifiers>
          <isin value="US13063B3W01"/>
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        <balance>11080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11236103.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Imperial (County of), CA Local Transportation Authority</name>
        <lei>N/A</lei>
        <title>Imperial (County of), CA Local Transportation Authority, Series 2022 E, Ref. RB</title>
        <cusip>45272EFL4</cusip>
        <identifiers>
          <isin value="US45272EFL48"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5535135.00000000</valUSD>
        <pctVal>1.041580518556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Humangood Obligation Group)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Humangood Obligation Group), Series 2019 A, Ref. RB</title>
        <cusip>13048VLB2</cusip>
        <identifiers>
          <isin value="US13048VLB26"/>
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        <balance>3305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3399819.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Moorpark Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Moorpark Unified School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>616259EZ6</cusip>
        <identifiers>
          <isin value="US616259EZ63"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1449955.40000000</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>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Daly City (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition)</name>
        <lei>N/A</lei>
        <title>Daly City (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition), Series 2007 C, Ref. RB</title>
        <cusip>235669FK9</cusip>
        <identifiers>
          <isin value="US235669FK96"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1750255.85000000</valUSD>
        <pctVal>0.329356446744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority, Series 2010, RB</title>
        <cusip>130178VU7</cusip>
        <identifiers>
          <isin value="US130178VU75"/>
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        <balance>8940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10834756.12000000</valUSD>
        <pctVal>2.038842936604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NGB4</cusip>
        <identifiers>
          <isin value="US13016NGB47"/>
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        <balance>730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>746280.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lake Elsinore Unified School District Community Facilities District</name>
        <lei>N/A</lei>
        <title>Lake Elsinore Unified School District Community Facilities District, Series 2021, RB</title>
        <cusip>509640ZG6</cusip>
        <identifiers>
          <isin value="US509640ZG66"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257104.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (New Designs Charter School)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (New Designs Charter School), Series 2012 A, RB</title>
        <cusip>130591AH3</cusip>
        <identifiers>
          <isin value="US130591AH35"/>
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        <balance>3080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3082747.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cerritos Community College District (Election of 2012)</name>
        <lei>N/A</lei>
        <title>Cerritos Community College District (Election of 2012), Series 2018 B, GO Bonds</title>
        <cusip>156792JF1</cusip>
        <identifiers>
          <isin value="US156792JF14"/>
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        <balance>3665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3655896.51000000</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>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NGY4</cusip>
        <identifiers>
          <isin value="US13016NGY40"/>
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        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>347953.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Stockton Community Facilities District</name>
        <lei>N/A</lei>
        <title>Stockton Community Facilities District, Series 2022, RB</title>
        <cusip>861341SH9</cusip>
        <identifiers>
          <isin value="US861341SH95"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>699124.37000000</valUSD>
        <pctVal>0.131558548046</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Marina (City of), CA Redevelopment Agency Successor Agency</name>
        <lei>N/A</lei>
        <title>Marina (City of), CA Redevelopment Agency Successor Agency, Series 2020 A, RB</title>
        <cusip>568061BS3</cusip>
        <identifiers>
          <isin value="US568061BS33"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>275719.11000000</valUSD>
        <pctVal>0.051883766804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Murrieta Valley Unified School District (Election of 2006)</name>
        <lei>N/A</lei>
        <title>Murrieta Valley Unified School District (Election of 2006), Series 2008, GO Bonds</title>
        <cusip>626905JE4</cusip>
        <identifiers>
          <isin value="US626905JE45"/>
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        <balance>6670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4916927.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB</title>
        <cusip>777870K70</cusip>
        <identifiers>
          <isin value="US777870K706"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>177943.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Adventist Health System)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2015, Ref. RB</title>
        <cusip>13080SJK1</cusip>
        <identifiers>
          <isin value="US13080SJK15"/>
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        <balance>1730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1812720.64000000</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>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Palm Desert (City of), CA (University Park)</name>
        <lei>N/A</lei>
        <title>Palm Desert (City of), CA (University Park), Series 2021, Ref. RB</title>
        <cusip>696627ES3</cusip>
        <identifiers>
          <isin value="US696627ES36"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>571545.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</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 (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020, RB</title>
        <cusip>13077EHE3</cusip>
        <identifiers>
          <isin value="US13077EHE32"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312735.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lammersville Joint Unified School District</name>
        <lei>N/A</lei>
        <title>Lammersville Joint Unified School District, Series 2020, RB</title>
        <cusip>513533FB0</cusip>
        <identifiers>
          <isin value="US513533FB00"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>277687.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <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>
      <invstOrSec>
        <name>Corona Community Facilities District (Bedford Improvement Area No. 1)</name>
        <lei>N/A</lei>
        <title>Corona Community Facilities District (Bedford Improvement Area No. 1), Series 2020, RB</title>
        <cusip>219680GB5</cusip>
        <identifiers>
          <isin value="US219680GB53"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>364974.88000000</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>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Santa Margarita Water District (Community Facilities District No. 2013-1)</name>
        <lei>N/A</lei>
        <title>Santa Margarita Water District (Community Facilities District No. 2013-1), Series 2013, RB</title>
        <cusip>802242EP8</cusip>
        <identifiers>
          <isin value="US802242EP87"/>
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        <balance>1915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1950986.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Mateo &amp; Foster (Cities of), CA Public Financing Authority (Clean Water Program)</name>
        <lei>N/A</lei>
        <title>San Mateo &amp; Foster (Cities of), CA Public Financing Authority (Clean Water Program), Series 2019, RB</title>
        <cusip>79905VAX9</cusip>
        <identifiers>
          <isin value="US79905VAX91"/>
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        <balance>3330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3629459.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, Series 2020, RB</title>
        <cusip>13032UVN5</cusip>
        <identifiers>
          <isin value="US13032UVN52"/>
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        <balance>12000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11262574.80000000</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>2050-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (William Jessup University)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (William Jessup University), Series 2019, Ref. RB</title>
        <cusip>13048VJE9</cusip>
        <identifiers>
          <isin value="US13048VJE92"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>497230.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Irvine Unified School District (Community Facilities District No. 09-1)</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>Irvine Unified School District (Community Facilities District No. 09-1), Series 2017 B, RB</title>
        <cusip>463612JZ5</cusip>
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          <isin value="US463612JZ59"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523767.90000000</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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      <invstOrSec>
        <name>Irvine (City of), CA (Reassessment District No. 13-1)</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>Irvine (City of), CA (Reassessment District No. 13-1), Series 2013, RB</title>
        <cusip>46360RQM2</cusip>
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          <isin value="US46360RQM24"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358643.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sacramento (City of), CA (Convention Center Complex)</name>
        <lei>N/A</lei>
        <title>Sacramento (City of), CA (Convention Center Complex), Series 2018 A, RB</title>
        <cusip>786073AW6</cusip>
        <identifiers>
          <isin value="US786073AW65"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3147342.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds), Series 2020, Ref. RB</title>
        <cusip>13032UYK8</cusip>
        <identifiers>
          <isin value="US13032UYK86"/>
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        <balance>1130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1170026.18000000</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>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Community Facilities District No. 2016-1</name>
        <lei>N/A</lei>
        <title>San Francisco (City &amp; County of), CA Community Facilities District No. 2016-1, Series 2020, RB</title>
        <cusip>79773JAR8</cusip>
        <identifiers>
          <isin value="US79773JAR86"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207407.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Cedars Sinai Health System)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Cedars Sinai Health System), Series 2021 A, Ref. RB</title>
        <cusip>13032UB23</cusip>
        <identifiers>
          <isin value="US13032UB236"/>
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        <balance>2610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2538880.11000000</valUSD>
        <pctVal>0.477756741529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco California Value Municipal Income Trust</ncom:nameOfApplicant>
      <ncom:signature>Sheri Morris</ncom:signature>
      <ncom:signerName>Sheri Morris</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
