<SEC-DOCUMENT>0001752724-24-093843.txt : 20240429
<SEC-HEADER>0001752724-24-093843.hdr.sgml : 20240429
<ACCEPTANCE-DATETIME>20240429123139
ACCESSION NUMBER:		0001752724-24-093843
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240229
FILED AS OF DATE:		20240429
DATE AS OF CHANGE:		20240429
PERIOD START:           	20240229

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco California Value Municipal Income Trust
		CENTRAL INDEX KEY:			0000895531
		ORGANIZATION NAME:           	
		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:		24888599

	BUSINESS ADDRESS:	
		STREET 1:		1331 SPRING STREET N.W.
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		404-439-3217

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING STREET N.W.
		STREET 2:		SUITE 2500
		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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)</name>
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        <title>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NHA5</cusip>
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          <isin value="US13016NHA54"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
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        <cusip>16876QBG3</cusip>
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          <isin value="US16876QBG38"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Irvine (City of), CA (Reassessment District No. 13-1)</name>
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        <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>353928.65000000</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>2028-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)</name>
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        <title>Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB</title>
        <cusip>88563DAD7</cusip>
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          <isin value="US88563DAD75"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2152174.75000000</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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          <isCashCollateral>N</isCashCollateral>
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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 2016 L, Ref. RB</title>
        <cusip>913366HL7</cusip>
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          <isin value="US913366HL75"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10275806.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Eisenhower Medical Centers)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048T4P5</cusip>
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          <isin value="US13048T4P51"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1516368.75000000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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>
        <identifiers>
          <isin value="US76911FTJ39"/>
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        <balance>2760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2792437.45000000</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>5.00000000</annualizedRt>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>1754053.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <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 2018, Ref. RB</title>
        <cusip>544445GY9</cusip>
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          <isin value="US544445GY95"/>
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        <balance>1625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1682375.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
        <cusip>801686SG2</cusip>
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          <isin value="US801686SG20"/>
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        <balance>2370000.00000000</balance>
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        <valUSD>1998843.31000000</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>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Torrance Unified School District (Election of 2008-Measure Z)</name>
        <lei>N/A</lei>
        <title>Torrance Unified School District (Election of 2008-Measure Z), Series 2009, GO Bonds</title>
        <cusip>891381G58</cusip>
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          <isin value="US891381G588"/>
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        <balance>1400000.00000000</balance>
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        <valUSD>835785.16000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Alameda (City of), CA Community Facilities District (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Alameda (City of), CA Community Facilities District (Green Bonds), Series 2023, RB</title>
        <cusip>010780DE1</cusip>
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          <isin value="US010780DE14"/>
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        <balance>750000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Commonspirit Health)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020 A, Ref. RB</title>
        <cusip>13032UXF0</cusip>
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          <isin value="US13032UXF01"/>
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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>4.00000000</annualizedRt>
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      <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>828641UE8</cusip>
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          <isin value="US828641UE82"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>4231224.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Educational Facilities Authority (Loma Linda University)</name>
        <lei>N/A</lei>
        <title>California (State of) Educational Facilities Authority (Loma Linda University), Series 2017 A, Ref. RB</title>
        <cusip>130179JE5</cusip>
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          <isin value="US130179JE54"/>
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        <balance>3285000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <name>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
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        <name>California (State of) Public Finance Authority (Henry Mayo Newhall Hospital)</name>
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        <title>California (State of) Public Finance Authority (Henry Mayo Newhall Hospital), Series 2017, Ref. RB</title>
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        <name>California (State of) School Finance Authority (KIPP SoCal Public Schools)</name>
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          <isin value="US13059TFT16"/>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
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        <name>Beverly Hills Unified School District (Election of 2008)</name>
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        <name>Irvine (City of), CA (Reassessment District No. 13-1)</name>
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        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>Independent Cities Finance Authority</name>
        <lei>549300ZZZYTBUL6FR983</lei>
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        <name>California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)</name>
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        <cusip>13058TRJ1</cusip>
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        <name>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
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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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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>Adelanto School District</name>
        <lei>N/A</lei>
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        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bold Program), Series 2022 B, Ref. RB</title>
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        <invCountry>US</invCountry>
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        <name>California (State of) School Finance Authority (New Designs Charter School)</name>
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        <name>California (State of) Statewide Communities Development Authority (Buck Institute for Research on Aging)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Buck Institute for Research on Aging), Series 2021, Ref. RB</title>
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          <isPaidKind>N</isPaidKind>
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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-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>6755097.00000000</valUSD>
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        <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>
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        <securityLending>
          <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>
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        <curCd>USD</curCd>
        <valUSD>4768723.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>1278575.88000000</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>2051-08-15</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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      <invstOrSec>
        <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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        <curCd>USD</curCd>
        <valUSD>801128.13000000</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>2051-09-01</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) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2017, RB</title>
        <cusip>13078YLB9</cusip>
        <identifiers>
          <isin value="US13078YLB91"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>677378.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-02</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) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bold Program), Series 2020 B, RB</title>
        <cusip>13051AAS7</cusip>
        <identifiers>
          <isin value="US13051AAS78"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275483.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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 2024, RB</title>
        <cusip>13032UL22</cusip>
        <identifiers>
          <isin value="US13032UL227"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1323425.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Greenfield Commons I) (Sustainable Bonds))</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Greenfield Commons I) (Sustainable Bonds)), Series 2023, RB</title>
        <cusip>130489AA5</cusip>
        <identifiers>
          <isin value="US130489AA52"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1168978.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.28000000</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>79770GAW6</cusip>
        <identifiers>
          <isin value="US79770GAW69"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002677.00000000</valUSD>
        <pctVal>0.184175574253</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>
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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>1165874.79000000</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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>
        <cusip>586810Z71</cusip>
        <identifiers>
          <isin value="US586810Z719"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>270789.59000000</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>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bold Program), Series 2022 C, RB</title>
        <cusip>13051AFS2</cusip>
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          <isin value="US13051AFS24"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <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>74529JQE8</cusip>
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        <balance>1500000.00000000</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>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <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 2022 B, Ref. RB</title>
        <cusip>13051AFH6</cusip>
        <identifiers>
          <isin value="US13051AFH68"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>895138.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Imperial (County of), CA Community college District (Election of 2022)</name>
        <lei>549300VO268A8SG7J029</lei>
        <title>Imperial (County of), CA Community college District (Election of 2022), Series 2023, GO Bonds</title>
        <cusip>452641LN1</cusip>
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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>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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 2016 A, RB</title>
        <cusip>13080SML5</cusip>
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          <isin value="US13080SML50"/>
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        <balance>3500000.00000000</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>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles (City of), CA Community Facilities District No. 11 (Ponte Vista)</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Community Facilities District No. 11 (Ponte Vista), Series 2021, RB</title>
        <cusip>544386DX0</cusip>
        <identifiers>
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        <balance>1650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1480148.51000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Clovis Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
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          <isin value="US189342US51"/>
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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>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Pollution Control Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US13054WAA53"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lake Elsniore (City of), CA Community Facilities District No. 2006-1</name>
        <lei>N/A</lei>
        <title>Lake Elsniore (City of), CA Community Facilities District No. 2006-1, Series 2021, RB</title>
        <cusip>50963NUD9</cusip>
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          <isin value="US50963NUD91"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
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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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      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District (Village of Esencia)</name>
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        <title>Orange (County of), CA Community Facilities District (Village of Esencia), Series 2020, RB</title>
        <cusip>68423PYT1</cusip>
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          <isin value="US68423PYT10"/>
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        <balance>355000.00000000</balance>
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        <valUSD>327261.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Beverly Hills Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <cusip>088023JA5</cusip>
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          <isin value="US088023JA56"/>
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        <balance>2010000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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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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        <curCd>USD</curCd>
        <valUSD>4325182.50000000</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>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>1548780.80000000</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>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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>1053870.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
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        <cusip>79766DSA8</cusip>
        <identifiers>
          <isin value="US79766DSA80"/>
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        <balance>10000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</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 2019 A-1, RB</title>
        <cusip>13033DAA3</cusip>
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          <isin value="US13033DAA37"/>
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        <balance>3075971.69000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>West Patterson Financing Authority (Community Facilities District No. 2018-1)</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority (Community Facilities District No. 2018-1), Series 2021, RB</title>
        <cusip>955232FC2</cusip>
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          <isin value="US955232FC22"/>
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        <balance>765000.00000000</balance>
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          <maturityDt>2051-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Series 2024, RB</title>
        <cusip>13058TTH3</cusip>
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          <isin value="US13058TTH31"/>
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        <balance>1500000.00000000</balance>
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          <maturityDt>2063-06-01</maturityDt>
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        <name>Palomar Health</name>
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          <isin value="US69752RAN52"/>
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      <invstOrSec>
        <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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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (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>
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          <isin value="US13013FAA21"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Poway Unified School District (Del Sur East II)</name>
        <lei>N/A</lei>
        <title>Poway Unified School District (Del Sur East II), Series 2020, RB</title>
        <cusip>738855G58</cusip>
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          <isin value="US738855G588"/>
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        <balance>2500000.00000000</balance>
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        <name>California (State of) Municipal Finance Authority (Community Medical Centers)</name>
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        <name>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
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        <name>California (State of) Public Finance Authority (Kendal at Ventura)</name>
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        <name>Jurupa Community Services District</name>
        <lei>N/A</lei>
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        <name>Marina (City of), CA Redevelopment Agency Successor Agency</name>
        <lei>N/A</lei>
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        <name>Placer (County of), CA Community Facilities District (Riolo Vineyard Specific Plan)</name>
        <lei>N/A</lei>
        <title>Placer (County of), CA Community Facilities District (Riolo Vineyard Specific Plan), Series 2023, RB</title>
        <cusip>726011CE7</cusip>
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        <invCountry>US</invCountry>
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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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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Health Facilities Financing Authority (Sutter Health)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <cusip>13032URN0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) School Finance Authority (KIPP LA)</name>
        <lei>N/A</lei>
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        <cusip>13059TBZ1</cusip>
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          <isin value="US13059TBZ12"/>
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        <fairValLevel>2</fairValLevel>
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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>
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        <cusip>79770GAQ9</cusip>
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          <isin value="US79770GAQ91"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lammersville Joint Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US513533FB00"/>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego (County of), CA Regional Airport Authority</name>
        <lei>N/A</lei>
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        <cusip>79739GNX0</cusip>
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        <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>13048VJF6</cusip>
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        <name>Riverside Unified School District (Community Facilities District No. 32)</name>
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        <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>
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        <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>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Pablo (County of), CA Joint Powers Financing Authority</name>
        <lei>N/A</lei>
        <title>San Pablo (County of), CA Joint Powers Financing Authority, Series 2022, Ref. RB</title>
        <cusip>799135CN6</cusip>
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        <name>El Centro (City of), CA Financing Authority (Police Station)</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Dry Creek Joint Elementary School District (Election of 2008-Measure E)</name>
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          <isin value="US262386FK68"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <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>55646MCQ6</cusip>
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          <isin value="US55646MCQ69"/>
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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>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <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>
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          <isin value="US345105JH47"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>972958.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>El Segundo Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <cusip>284047HB6</cusip>
        <identifiers>
          <isin value="US284047HB62"/>
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        <balance>615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>452942.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Delta Coves)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13077ELE8</cusip>
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          <isin value="US13077ELE85"/>
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        <balance>2000000.00000000</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>
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          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (John Muir Health)</name>
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        <cusip>13080STN4</cusip>
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          <isin value="US13080STN44"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Riverside Unified School District (Community Facilities District No. 33)</name>
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        <cusip>769069Q32</cusip>
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          <isin value="US769069Q322"/>
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        <balance>425000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Martinez Unified School District (Election of 2016)</name>
        <lei>N/A</lei>
        <title>Martinez Unified School District (Election of 2016), Series 2021, GO Bonds</title>
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          <isin value="US573428NW56"/>
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        <balance>8605000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
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        <cusip>79766DSB6</cusip>
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          <isin value="US79766DSB63"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1868414.40000000</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>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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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>
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        <cusip>79770GAM8</cusip>
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          <isin value="US79770GAM87"/>
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        <balance>220000.00000000</balance>
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        <valUSD>221142.15000000</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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      <invstOrSec>
        <name>Palm Desert (City of), CA (University Park)</name>
        <lei>N/A</lei>
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        <cusip>696627ER5</cusip>
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          <isin value="US696627ER52"/>
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        <balance>450000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
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        <cusip>16876QBF5</cusip>
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          <isin value="US16876QBF54"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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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>
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          <isin value="US376087DC37"/>
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        <balance>85000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <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>
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          <isin value="US27627MXZ57"/>
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        <balance>95000.00000000</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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          <annualizedRt>4.00000000</annualizedRt>
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        <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>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>San Diego (City of), CA Redevelopment Agency (Centre City Redevelopment)</name>
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        <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>815000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.40000000</annualizedRt>
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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>13080SJM7</cusip>
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        <balance>5585000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1), Series 2020, RB</title>
        <cusip>13077EJC5</cusip>
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          <isin value="US13077EJC57"/>
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        <balance>625000.00000000</balance>
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        <valUSD>551605.25000000</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>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>Los Angeles (City of), CA Department of Airports (Los Angeles International Airport) (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Department of Airports (Los Angeles International Airport) (Green Bonds), Series 2023, Ref. RB</title>
        <cusip>544445Y78</cusip>
        <identifiers>
          <isin value="US544445Y783"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3260831.10000000</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>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Anaheim (City of), CA School District (Election of 2002)</name>
        <lei>N/A</lei>
        <title>Anaheim (City of), CA 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>
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        <curCd>USD</curCd>
        <valUSD>4902360.29000000</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>
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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>
        <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>
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        <curCd>USD</curCd>
        <valUSD>174541.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Menifee Union School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Menifee Union School District (Election of 2008), Series 2009 C, GO Bonds</title>
        <cusip>586807DW6</cusip>
        <identifiers>
          <isin value="US586807DW69"/>
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        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>601553.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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>870901.71000000</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>
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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>79770GAP1</cusip>
        <identifiers>
          <isin value="US79770GAP19"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>372109.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Orange County Community College District</name>
        <lei>N/A</lei>
        <title>North Orange County Community College District, Series 2022 C, GO Bonds</title>
        <cusip>661334GN6</cusip>
        <identifiers>
          <isin value="US661334GN60"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10146554.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>2503254.25000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1), 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>508381.91000000</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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      <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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        <valUSD>2062366.94000000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
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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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <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>
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          <isin value="US726011BW81"/>
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        <balance>1920000.00000000</balance>
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          <maturityDt>2041-09-01</maturityDt>
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      <invstOrSec>
        <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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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Green Dot Public Schools)</name>
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        <cusip>13059TCD9</cusip>
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          <isin value="US13059TCD90"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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>13057GAB5</cusip>
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          <isin value="US13057GAB59"/>
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        <balance>960000.00000000</balance>
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        <valUSD>838512.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Guam (Territory of) Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam (Territory of) Waterworks Authority, Series 2020 A, RB</title>
        <cusip>40065FDF8</cusip>
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          <isin value="US40065FDF80"/>
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        <balance>1540000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
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          <maturityDt>2047-11-01</maturityDt>
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        <name>California (State of) Municipal Finance Authority (American Heritage Education Foundation)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US54243EDS90"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Simi Valley Unified School District (Election of 2004)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Roseville (City of), CA Community Facilities District No. 1 (Improvement Area No. 2)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sweetwater Union High School District</name>
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        <name>California (State of) Public Works Board (Various Capital)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-01</maturityDt>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US13058TLZ11"/>
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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>
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          <isin value="US68423PWC03"/>
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      <invstOrSec>
        <name>Los Angeles (County of), CA Public Works Financing Authority (Green Bonds)</name>
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        <title>Los Angeles (County of), CA Public Works Financing Authority (Green Bonds), Series 2021 F, RB</title>
        <cusip>54473EWP5</cusip>
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          <isin value="US54473EWP59"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles County Facilities Inc.</name>
        <lei>N/A</lei>
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        <cusip>54531FAT8</cusip>
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          <isin value="US54531FAT84"/>
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        <balance>25000000.00000000</balance>
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        <name>California (State of) Health Facilities Financing Authority (Sustainability Bonds) (California Science Center Phase III)</name>
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        <cusip>13034AV23</cusip>
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        <name>California (State of) Statewide Communities Development Authority</name>
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        <name>California (State of) Educational Facilities Authority (Chapman University)</name>
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        <cusip>1301787X8</cusip>
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          <isin value="US1301787X82"/>
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        <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, Ref. RB</title>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Enloe Medical Center)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>California (State of) School Finance Authority (Granada Hills Charter Obligated Group)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2019, RB</title>
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        <name>California (State of) School Finance Authority (Aspire Public School)</name>
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        <name>Irvine Unified School District (Community Facilities District No. 01-1)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon Industrial Complex Public Improvements)</name>
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        <name>Washington Township Health Care District (Election of 2012)</name>
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        <name>California (State of) Municipal Finance Authority (Palomar Health)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Moreno Valley Unified School District (Community Facilities District No. 2015-2)</name>
        <lei>N/A</lei>
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        <cusip>616874RP0</cusip>
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        <balance>435000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Independent Cities Finance Authority</name>
        <lei>549300ZZZYTBUL6FR983</lei>
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          <isin value="US45384PAP09"/>
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        <balance>1250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South)</name>
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        <title>Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South), Series 2014, Ref. RB</title>
        <cusip>344630RB6</cusip>
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        <name>Fremont Community Facilities District No. 1 (Pacific Commons)</name>
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        <cusip>357129CM5</cusip>
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        <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>
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        <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>
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          <isin value="US13016NGB47"/>
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        <invCountry>US</invCountry>
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        <name>Lake Elsniore (City of), CA Community Facilities District No. 2006-1</name>
        <lei>N/A</lei>
        <title>Lake Elsniore (City of), CA Community Facilities District No. 2006-1, Series 2021, RB</title>
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          <isin value="US50963NUE74"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.00000000</annualizedRt>
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        <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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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Township Health Care District (Election of 2012)</name>
        <lei>N/A</lei>
        <title>Washington Township Health Care District (Election of 2012), Series 2023, RB</title>
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          <isin value="US940204GX22"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2006 C, RB</title>
        <cusip>13016NCK8</cusip>
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          <isin value="US13016NCK81"/>
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        <balance>22950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2266016.45000000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority, Series 2020 A, RB</title>
        <cusip>13051AAD0</cusip>
        <identifiers>
          <isin value="US13051AAD00"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1381042.35000000</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>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
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        <curCd>USD</curCd>
        <valUSD>2650373.40000000</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>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>South San Francisco (City of), CA (Community Facilities District No. 2021-01)</name>
        <lei>N/A</lei>
        <title>South San Francisco (City of), CA (Community Facilities District No. 2021-01), Series 2022, RB</title>
        <cusip>840000AP8</cusip>
        <identifiers>
          <isin value="US840000AP83"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>932662.60000000</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>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>
      <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>
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        <curCd>USD</curCd>
        <valUSD>1183075.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virgin Islands (Government of) Public Finance Authority (Garvee)</name>
        <lei>N/A</lei>
        <title>Virgin Islands (Government of) Public Finance Authority (Garvee), Series 2015, RB</title>
        <cusip>927676UF1</cusip>
        <identifiers>
          <isin value="US927676UF14"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2026265.80000000</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>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>759065.44000000</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>2035-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>544386DH5</cusip>
        <identifiers>
          <isin value="US544386DH58"/>
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        <balance>985000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>993927.35000000</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>2029-09-01</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 (Samuel Merritt University)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Samuel Merritt University), Series 2022, RB</title>
        <cusip>13048VF37</cusip>
        <identifiers>
          <isin value="US13048VF371"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4308903.60000000</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>2053-06-01</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>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>410200.11000000</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>
        <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>311628.66000000</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>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
        <identifiers>
          <isin value="US46360TDE01"/>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1058706.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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>3127299.90000000</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>
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      <invstOrSec>
        <name>Woodland (City of), CA Community Facilities District 2004-1</name>
        <lei>N/A</lei>
        <title>Woodland (City of), CA Community Facilities District 2004-1, Series 2019, RB</title>
        <cusip>979568GT3</cusip>
        <identifiers>
          <isin value="US979568GT34"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1633202.88000000</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>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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-2, RB</title>
        <cusip>45734TAE4</cusip>
        <identifiers>
          <isin value="US45734TAE47"/>
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        <balance>35000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7481498.50000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Humangood - California Obligated Group)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Humangood - California Obligated Group), Series 2019 A, Ref. RB</title>
        <cusip>13048VLB2</cusip>
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          <isin value="US13048VLB26"/>
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        <balance>3305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3382014.76000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Palomar Community College District (Election of 2006)</name>
        <lei>N/A</lei>
        <title>Palomar Community College District (Election of 2006), Series 2010, GO Bonds</title>
        <cusip>697511BY8</cusip>
        <identifiers>
          <isin value="US697511BY87"/>
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        <balance>6670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6226716.47000000</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>2045-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3)</name>
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        <name>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)</name>
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        <name>University of California (Limited)</name>
        <lei>N/A</lei>
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        <name>California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)</name>
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        <name>California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College)</name>
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        <name>Virgin Islands (Government of) Port Authority</name>
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        <name>Alameda (City of), CA Corridor Transportation Authority</name>
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        <name>Garden Grove (City of), CA Agency for Community Development</name>
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        <name>El Segundo Unified School District (Election of 2008)</name>
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        <name>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2020-02)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2020-02), Series 2022, RB</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>79739GNY8</cusip>
        <identifiers>
          <isin value="US79739GNY88"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2067381.40000000</valUSD>
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        <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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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 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>295629.18000000</valUSD>
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        <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>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>West Patterson Financing Authority (Community Facilities District No. 2018-1)</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority (Community Facilities District No. 2018-1), Series 2021, RB</title>
        <cusip>955232FB4</cusip>
        <identifiers>
          <isin value="US955232FB49"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>501906.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>798762NR7</cusip>
        <identifiers>
          <isin value="US798762NR76"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>861428.10000000</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>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Kaiser Permanente)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB</title>
        <cusip>13032UMP0</cusip>
        <identifiers>
          <isin value="US13032UMP02"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8315232.80000000</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>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>794895CD2</cusip>
        <identifiers>
          <isin value="US794895CD25"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>194977.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>
      <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>
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        <curCd>USD</curCd>
        <valUSD>2114889.93000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>016059DM6</cusip>
        <identifiers>
          <isin value="US016059DM64"/>
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        <balance>1805000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1165174.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>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>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>
        <identifiers>
          <isin value="US777870M454"/>
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        <balance>1520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1548076.53000000</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>2050-09-01</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>South Tahoe Joint Powers Financing Authority</name>
        <lei>N/A</lei>
        <title>South Tahoe Joint Powers Financing Authority, Series 2023, RB</title>
        <cusip>84049MCC0</cusip>
        <identifiers>
          <isin value="US84049MCC01"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4490768.80000000</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>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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 (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>2860000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2862022.88000000</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>2032-06-01</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>River Islands Public Financing Authority</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority, Series 2022 A-1, Ref. RB</title>
        <cusip>76827QGR8</cusip>
        <identifiers>
          <isin value="US76827QGR83"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1527856.68000000</valUSD>
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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>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>927265.79000000</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>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>504209.59000000</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>2045-02-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <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>3255664.00000000</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>
          <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>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>
        <identifiers>
          <isin value="US399262CF91"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2958217.80000000</valUSD>
        <pctVal>0.543376842276</pctVal>
        <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>Lincoln (City of), CA Community Facilities District No. 2019-1</name>
        <lei>N/A</lei>
        <title>Lincoln (City of), CA Community Facilities District No. 2019-1, Series 2022, RB</title>
        <cusip>533042LK1</cusip>
        <identifiers>
          <isin value="US533042LK11"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1987911.80000000</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>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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>13051ADE5</cusip>
        <identifiers>
          <isin value="US13051ADE55"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1594094.76000000</valUSD>
        <pctVal>0.292809466895</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>649336.60000000</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>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>
        </securityLending>
      </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>5085588.00000000</valUSD>
        <pctVal>0.934140396477</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>
        </securityLending>
      </invstOrSec>
      <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 A, RB</title>
        <cusip>13051ABJ6</cusip>
        <identifiers>
          <isin value="US13051ABJ60"/>
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        <balance>1095000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>985082.04000000</valUSD>
        <pctVal>0.180943664215</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>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2445949.33000000</valUSD>
        <pctVal>0.449281396151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</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>1735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1448843.67000000</valUSD>
        <pctVal>0.266129187092</pctVal>
        <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>
      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Caritas)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Caritas), Series 2017 A, Ref. RB</title>
        <cusip>13049SCR3</cusip>
        <identifiers>
          <isin value="US13049SCR31"/>
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        <balance>2055000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1984230.32000000</valUSD>
        <pctVal>0.364471069584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</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>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>1093702.80000000</valUSD>
        <pctVal>0.200895543882</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>
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      </invstOrSec>
      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco City &amp; County Airport Comm-San Francisco International Airport, Series 2017, RB</title>
        <cusip>79766DRK7</cusip>
        <identifiers>
          <isin value="US79766DRK71"/>
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        <balance>1630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1662308.07000000</valUSD>
        <pctVal>0.305339150473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</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>
      <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>13049SBC7</cusip>
        <identifiers>
          <isin value="US13049SBC70"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>804486.64000000</valUSD>
        <pctVal>0.147771205384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>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>351390.36000000</valUSD>
        <pctVal>0.064544735084</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>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>219680GA7</cusip>
        <identifiers>
          <isin value="US219680GA70"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175629.29000000</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>
          <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>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>
        <identifiers>
          <isin value="US13049SES95"/>
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        <balance>995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>842403.12000000</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>2056-08-15</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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2506568.59000000</valUSD>
        <pctVal>0.460416175368</pctVal>
        <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>
        <name>California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB</title>
        <cusip>130791AB2</cusip>
        <identifiers>
          <isin value="US130791AB21"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1014966.40000000</valUSD>
        <pctVal>0.186432938591</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>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>
        <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>
        <identifiers>
          <isin value="US13080SWP54"/>
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        <balance>1145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1114999.86000000</valUSD>
        <pctVal>0.204807469911</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>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) 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>
        <identifiers>
          <isin value="US13049RBG02"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <name>California (State of) School Finance Authority (Classical Academies Oceanside)</name>
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        <name>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)</name>
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        <name>California (State of) Statewide Communities Development Authority (Eskaton Properties, Inc.)</name>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
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        <name>Palm Desert (City of), CA (University Park)</name>
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        <name>California (State of) Municipal Finance Authority (Humangood - California Obligated Group)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>City &amp; County of San Francisco CA Special Tax District No 2020-1</name>
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        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
        <lei>N/A</lei>
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        <cusip>13059TAG4</cusip>
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        <name>California (State of) Community Housing Agency (Serenity at Larkspur)</name>
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        <name>California (State of) Municipal Finance Authority (Aldersly)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>Chino (City of), CA Community Facilities District</name>
        <lei>N/A</lei>
        <title>Chino (City of), CA Community Facilities District, Series 2020, RB</title>
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        <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>
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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>
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        <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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        <name>California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The))</name>
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        <name>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)</name>
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        <name>Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition)</name>
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        <name>Mountain House Public Financing Authority (Green Bonds)</name>
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        <name>California (State of) Enterprise Development Authority (Heights Christian Schools)</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13049YDF5</cusip>
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        <name>Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
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        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
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        <name>Lake Elsinore Unified School District Community Facilities District</name>
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        <name>Fontana (City of), CA (Community Facilities District No. 99)</name>
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        <name>California (State of) Community Choice Financing Authority (Green Bonds)</name>
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        <name>Romoland School District Community Facilities No. 2004-1</name>
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        <name>California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)</name>
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        <name>Long Beach Unified School District</name>
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        <name>Long Beach (City of), CA (Alamitos Bay Marina)</name>
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        <name>Los Angeles (City of), CA Department of Airports (Green Bonds)</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Oak Grove School District (Election of 2008)</name>
        <lei>N/A</lei>
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          <isin value="US671205ZK16"/>
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        <balance>670000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
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        <cusip>79766DUF4</cusip>
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          <isin value="US79766DUF40"/>
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        <curCd>USD</curCd>
        <valUSD>7069530.93000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Stockton (City of), CA Community Facilities District (Westlake Villages II)</name>
        <lei>N/A</lei>
        <title>Stockton (City of), CA Community Facilities District (Westlake Villages II), 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>702618.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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 2020, RB</title>
        <cusip>13078YQV0</cusip>
        <identifiers>
          <isin value="US13078YQV01"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>818072.80000000</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>2050-09-02</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>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Series 2024, RB</title>
        <cusip>13058TTM2</cusip>
        <identifiers>
          <isin value="US13058TTM26"/>
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        <balance>1180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1187986.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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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>562153.76000000</valUSD>
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        <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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          <isLoanByFund>N</isLoanByFund>
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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>620947.50000000</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>2036-04-01</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>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>3420244.83000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3427540.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
        <identifiers>
          <isin value="US13013HAA86"/>
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        <balance>4145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3447363.34000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Jose (City of), CA</name>
        <lei>N/A</lei>
        <title>San Jose (City of), CA, Series 2017 A, Ref. RB</title>
        <cusip>798136VU8</cusip>
        <identifiers>
          <isin value="US798136VU88"/>
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        <balance>8395000.00000000</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>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Alamitos Unified School District</name>
        <lei>549300YJXGV6HPEZKU12</lei>
        <title>Los Alamitos Unified School District, Series 2013, GO Bonds</title>
        <cusip>544203CE0</cusip>
        <identifiers>
          <isin value="US544203CE04"/>
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        <balance>3340000.00000000</balance>
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        <valUSD>3476807.74000000</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>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <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>
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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>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County 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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        <curCd>USD</curCd>
        <valUSD>975091.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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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 B-1, Ref. RB</title>
        <cusip>76912DAZ1</cusip>
        <identifiers>
          <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>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <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>
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          <isin value="US13081CAD02"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2513636.50000000</valUSD>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Roseville CA</name>
        <lei>549300OH100KESVPND17</lei>
        <title>City of Roseville CA, Series 2023, RB</title>
        <cusip>7778705Z5</cusip>
        <identifiers>
          <isin value="US7778705Z58"/>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>525595.16000000</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>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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>
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          <isin value="US13081KAX81"/>
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        <balance>1005000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1017319.29000000</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>2048-01-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Etiwanda School District (Election of 2016)</name>
        <lei>N/A</lei>
        <title>Etiwanda School District (Election of 2016), Series 2020 A, GO Bonds</title>
        <cusip>297667BP1</cusip>
        <identifiers>
          <isin value="US297667BP14"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3019248.90000000</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>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Providence Health &amp; Services)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Providence Health &amp; Services), Series 2014, RB</title>
        <cusip>13033L4N4</cusip>
        <identifiers>
          <isin value="US13033L4N45"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2007966.00000000</valUSD>
        <pctVal>0.368830930730</pctVal>
        <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>
          <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 (Classical Academies Oceanside)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Classical Academies Oceanside), Series 2020 A, RB</title>
        <cusip>13058TKA7</cusip>
        <identifiers>
          <isin value="US13058TKA78"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>988821.20000000</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>2050-10-01</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>
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          <isLoanByFund>N</isLoanByFund>
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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>
        <identifiers>
          <isin value="US828641UD00"/>
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        <balance>1520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1327198.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</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>Guam (Territory of) Port Authority</name>
        <lei>N/A</lei>
        <title>Guam (Territory of) Port Authority, Series 2018 A, RB</title>
        <cusip>400652AA1</cusip>
        <identifiers>
          <isin value="US400652AA19"/>
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        <balance>3675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3742695.34000000</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>2048-07-01</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>
      <invstOrSec>
        <name>California (State of) Community Choice Financing Authority (Green Bonds)</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB</title>
        <cusip>13013JDB9</cusip>
        <identifiers>
          <isin value="US13013JDB98"/>
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        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1705798.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Variable</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) Pollution Control Financing Authority</name>
        <lei>N/A</lei>
        <title>California (State of) Pollution Control Financing Authority, Series 2012, RB</title>
        <cusip>13054WAC1</cusip>
        <identifiers>
          <isin value="US13054WAC10"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2001075.80000000</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>2045-11-21</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>
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      </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>4097915.20000000</valUSD>
        <pctVal>0.752720851484</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>
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          <isLoanByFund>N</isLoanByFund>
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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>
        <identifiers>
          <isin value="US798189FT87"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>762097.80000000</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>2032-09-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County 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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2749642.00000000</valUSD>
        <pctVal>0.505064835777</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>
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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>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020 B, RB</title>
        <cusip>13078YRH0</cusip>
        <identifiers>
          <isin value="US13078YRH08"/>
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        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>160861.40000000</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>2050-09-02</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>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>46360TDF7</cusip>
        <identifiers>
          <isin value="US46360TDF75"/>
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        <balance>1055000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1059532.81000000</valUSD>
        <pctVal>0.194619068476</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>
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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 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>462630.68000000</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>
          <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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2440430.51000000</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>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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 2014 A, RB</title>
        <cusip>13059TAQ2</cusip>
        <identifiers>
          <isin value="US13059TAQ22"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>601862.58000000</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>2034-07-01</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>Menifee Union School District (Community Facilities District No. 2018-2)</name>
        <lei>N/A</lei>
        <title>Menifee Union School District (Community Facilities District No. 2018-2), Series 2019, RB</title>
        <cusip>586810T60</cusip>
        <identifiers>
          <isin value="US586810T605"/>
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        <balance>1035000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1058477.84000000</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>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Improvement Area No. 1)</name>
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          <isin value="US13077EKP42"/>
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        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US79773JAR86"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US13059TBS78"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles (City of), CA Department of Airports (Green Bonds)</name>
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        <title>Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2022 G, RB</title>
        <cusip>544445C80</cusip>
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          <isin value="US544445C805"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <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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        <balance>4590000.00000000</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>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Mateo (City of), CA Joint Powers Financing Authority</name>
        <lei>N/A</lei>
        <title>San Mateo (City of), CA Joint Powers Financing Authority, Series 2018 A, RB</title>
        <cusip>79904NGQ7</cusip>
        <identifiers>
          <isin value="US79904NGQ79"/>
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        <balance>13565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13474402.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
        <title>Children's Trust Fund, Series 2005 A, RB</title>
        <cusip>16876QBJ7</cusip>
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          <isin value="US16876QBJ76"/>
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        <balance>4325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>813636.30000000</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>2050-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>
        <valUSD>1644121.44000000</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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB</title>
        <cusip>13078YUT0</cusip>
        <identifiers>
          <isin value="US13078YUT09"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>983043.70000000</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>2053-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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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>445680.10000000</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>2046-09-01</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 (Statewide Community Infrastructure Program)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB</title>
        <cusip>13078YUX1</cusip>
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          <isin value="US13078YUX11"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>385267.09000000</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>2043-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Irvine (City of), CA (Reassessment District No. 12-1)</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
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        <cusip>46360RLW5</cusip>
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        <balance>500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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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        <valUSD>115062.15000000</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>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County 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>270000.00000000</balance>
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        <valUSD>279634.49000000</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>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <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>13048VBY3</cusip>
        <identifiers>
          <isin value="US13048VBY39"/>
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        <balance>3995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3995317.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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>219680FZ3</cusip>
        <identifiers>
          <isin value="US219680FZ31"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110051.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <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>79773JAS6</cusip>
        <identifiers>
          <isin value="US79773JAS69"/>
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        <balance>425000.00000000</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>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>West Sacramento (City of), CA (Port Towne Infrasctructure)</name>
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          <isin value="US955656RQ86"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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      <invstOrSec>
        <name>Beverly Hills Unified School District (Election of 2008)</name>
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          <isin value="US088023JB30"/>
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        <fairValLevel>2</fairValLevel>
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        <name>San Marcos Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US798762NQ93"/>
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        <name>Irvine (City of), CA (Reassessment District No. 13-1)</name>
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          <isin value="US46360RQJ94"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) School Finance Authority (Green Dot Public Schools)</name>
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        <cusip>13059TFH7</cusip>
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          <isin value="US13059TFH77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-01</maturityDt>
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        <name>Long Beach (City of), CA Bond Finance Authority</name>
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        <cusip>54241AAZ6</cusip>
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          <isin value="US54241AAZ66"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
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        <name>Alameda (City of), CA Community Facilities District (Green Bonds)</name>
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        <cusip>010780DF8</cusip>
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          <isin value="US010780DF88"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
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        <name>Lammersville Joint Unified School District</name>
        <lei>N/A</lei>
        <title>Lammersville Joint Unified School District, Series 2020, RB</title>
        <cusip>513533FA2</cusip>
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          <isin value="US513533FA27"/>
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        <balance>135000.00000000</balance>
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        <invCountry>US</invCountry>
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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) Statewide Communities Development Authority (California Baptist University)</name>
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        <cusip>13080SSJ4</cusip>
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          <isin value="US13080SSJ41"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <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>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
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        <name>Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. 2)</name>
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        <cusip>074447AW3</cusip>
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        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
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        <cusip>74526QPR7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles (City of), CA Department of Airports</name>
        <lei>N/A</lei>
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        <cusip>544445CZ0</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Eastern Municipal Water District (Community Facilities District No. 2012-61)</name>
        <lei>549300ZCFVRFDIRWK089</lei>
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        <cusip>27627MXY8</cusip>
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        <name>San Diego (County of), CA Regional Airport Authority</name>
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        <name>Fresno (City of), CA</name>
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        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
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        <title>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport), Second Series 2022 B, Ref. RB</title>
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        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>Corona-Norco Unified School District (Community Facilities District No. 17-1)</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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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>
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          <isin value="US913366KT64"/>
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        <valUSD>29645805.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (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>
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          <isin value="US13057KAF75"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>1704262.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>California (State of) Housing Finance Agency</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs.</title>
        <cusip>13033DAE5</cusip>
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          <isin value="US13033DAE58"/>
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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>2035-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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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 A, RB</title>
        <cusip>13049SBE3</cusip>
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          <isin value="US13049SBE37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-15</maturityDt>
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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>
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          <isin value="US89356CAT36"/>
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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>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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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        <balance>2840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2933720.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>13077EHE3</cusip>
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          <isin value="US13077EHE32"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>318217.86000000</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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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Sheldon Farms)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Sheldon Farms), Series 2023, RB</title>
        <cusip>13077ENR7</cusip>
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          <isin value="US13077ENR70"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <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)</title>
        <cusip>79772ACT2</cusip>
        <identifiers>
          <isin value="US79772ACT25"/>
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        <balance>1510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1514447.10000000</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>2044-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <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>
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          <isin value="US626905JE45"/>
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        <balance>6670000.00000000</balance>
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        <valUSD>5267461.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>M-S-R Energy Authority</name>
        <lei>549300UEMSS1JTK5YB98</lei>
        <title>M-S-R Energy Authority, Series 2009 B, RB</title>
        <cusip>55374SAD2</cusip>
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          <isin value="US55374SAD27"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>891920.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority, Series 2023, RB</title>
        <cusip>130179VH4</cusip>
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          <isin value="US130179VH48"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>2120881.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>California (State of) School Finance Authority (Orange County Educational Arts Academy)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Orange County Educational Arts Academy), Series 2023, Ref. RB</title>
        <cusip>13058TSA9</cusip>
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          <isin value="US13058TSA96"/>
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        <balance>560000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District (Green Bonds) (Election of 2016)</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
        <title>San Francisco Bay Area Rapid Transit District (Green Bonds) (Election of 2016), Series 2022, GO Bonds</title>
        <cusip>797661C94</cusip>
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          <isin value="US797661C942"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-08-01</maturityDt>
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      <invstOrSec>
        <name>Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)</name>
        <lei>N/A</lei>
        <title>Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB</title>
        <cusip>88563DAC9</cusip>
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          <isin value="US88563DAC92"/>
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        <balance>1290000.00000000</balance>
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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>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>Bay Area Toll Authority, Series 2023, RB</title>
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          <isin value="US072024YE64"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2000000.00000000</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>2055-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.45000000</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>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>
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        <curCd>USD</curCd>
        <valUSD>263616.44000000</valUSD>
        <pctVal>0.048422083302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <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>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>
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        <curCd>USD</curCd>
        <valUSD>788564.84000000</valUSD>
        <pctVal>0.144846627820</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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          <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 (California Baptist University)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (California Baptist University), Series 2014 A, RB</title>
        <cusip>13080SBY9</cusip>
        <identifiers>
          <isin value="US13080SBY90"/>
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        <balance>4035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4040132.52000000</valUSD>
        <pctVal>0.742107106209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</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>Romoland School District Community Facilities No. 2004-1</name>
        <lei>N/A</lei>
        <title>Romoland School District Community Facilities No. 2004-1, Series 2015, Ref. RB</title>
        <cusip>776192NS1</cusip>
        <identifiers>
          <isin value="US776192NS14"/>
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        <balance>1660000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1684248.45000000</valUSD>
        <pctVal>0.309369243998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US68423PXA38"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3044052.00000000</valUSD>
        <pctVal>0.559143198815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-15</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>
      <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"/>
        </identifiers>
        <balance>420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>374732.90000000</valUSD>
        <pctVal>0.068832382760</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>
        </securityLending>
      </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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7127383.26000000</valUSD>
        <pctVal>1.309185216014</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>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 (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 2020 C, RB</title>
        <cusip>544445RF8</cusip>
        <identifiers>
          <isin value="US544445RF87"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5270199.50000000</valUSD>
        <pctVal>0.968050548027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</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>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco California Value Municipal Income Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Principal Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
