<SEC-DOCUMENT>0000895531-25-000009.txt : 20251030
<SEC-HEADER>0000895531-25-000009.hdr.sgml : 20251030
<ACCEPTANCE-DATETIME>20251030132018
ACCESSION NUMBER:		0000895531-25-000009
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250831
FILED AS OF DATE:		20251030
DATE AS OF CHANGE:		20251030
PERIOD START:           	20260228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco California Value Municipal Income Trust
		CENTRAL INDEX KEY:			0000895531
		ORGANIZATION NAME:           	
		EIN:				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:		251433691

	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>
<XML>
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        <title>California (State of) Statewide Communities Development Authority, Series 2017, RB</title>
        <cusip>13078YLC7</cusip>
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          <isin value="US13078YLC74"/>
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        <balance>715000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>715191.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
        <title>Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB</title>
        <cusip>74529JQH1</cusip>
        <identifiers>
          <isin value="US74529JQH13"/>
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        <balance>13280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3099760.50000000</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>2051-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>13016NHA5</cusip>
        <identifiers>
          <isin value="US13016NHA54"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>385957.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>Children's Trust Fund</name>
        <lei>N/A</lei>
        <title>Children's Trust Fund, Series 2002, RB</title>
        <cusip>16876QBG3</cusip>
        <identifiers>
          <isin value="US16876QBG38"/>
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        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>685586.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Regents of the University of California Medical Center</name>
        <lei>N/A</lei>
        <title>Regents of the University of California Medical Center, Series 2016 L, Ref. RB</title>
        <cusip>913366HL7</cusip>
        <identifiers>
          <isin value="US913366HL75"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10004527.00000000</valUSD>
        <pctVal>2.130861256608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</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>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)</name>
        <lei>N/A</lei>
        <title>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith), Series 2015, RB</title>
        <cusip>76911FTJ3</cusip>
        <identifiers>
          <isin value="US76911FTJ39"/>
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        <balance>2760000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2709114.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Compton (City of), CA</name>
        <lei>N/A</lei>
        <title>Compton (City of), CA, Series 2009, RB</title>
        <cusip>204744AK2</cusip>
        <identifiers>
          <isin value="US204744AK21"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1781798.73000000</valUSD>
        <pctVal>0.379504786266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US801686SG20"/>
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        <balance>2370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1774765.49000000</valUSD>
        <pctVal>0.378006778551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
        <identifiers>
          <isin value="US891381G588"/>
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        <balance>1265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>823650.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</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>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>
        <identifiers>
          <isin value="US010780DE14"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>737408.78000000</valUSD>
        <pctVal>0.157060478679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>
        <identifiers>
          <isin value="US828641UE82"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4542207.00000000</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>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Moreno Valley Unified School District (Community Facilities District No. 2023-1)</name>
        <lei>N/A</lei>
        <title>Moreno Valley Unified School District (Community Facilities District No. 2023-1), Series 2025, RB</title>
        <cusip>616874WC3</cusip>
        <identifiers>
          <isin value="US616874WC30"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>967713.30000000</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>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
        <identifiers>
          <isin value="US130179JE54"/>
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        <balance>3285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3286349.15000000</valUSD>
        <pctVal>0.699958536712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (University of La Verne)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (University of La Verne), Series 2017 A, Ref. RB</title>
        <cusip>13048T2T9</cusip>
        <identifiers>
          <isin value="US13048T2T91"/>
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        <balance>1150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1126337.37000000</valUSD>
        <pctVal>0.239898264415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</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 (Bella Mente Montessori Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB</title>
        <cusip>130486BB8</cusip>
        <identifiers>
          <isin value="US130486BB87"/>
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        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>548498.55000000</valUSD>
        <pctVal>0.116824544478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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) 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-2, Ref. RB</title>
        <cusip>13016NFC3</cusip>
        <identifiers>
          <isin value="US13016NFC39"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1758077.00000000</valUSD>
        <pctVal>0.374452301986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enterprise Elementary School District</name>
        <lei>N/A</lei>
        <title>Enterprise Elementary School District, Series 2025 D, GO Bonds</title>
        <cusip>29368PFP9</cusip>
        <identifiers>
          <isin value="US29368PFP99"/>
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        <balance>2470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>752004.10000000</valUSD>
        <pctVal>0.160169131584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>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>California (State of) Public Finance Authority (Henry Mayo Newhall Hospital)</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group)</name>
        <lei>549300544P6FSHU1HB46</lei>
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        <cusip>13069ABD9</cusip>
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          <isin value="US13069ABD90"/>
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        <name>California (State of) School Finance Authority (KIPP SoCal Public Schools)</name>
        <lei>N/A</lei>
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        <cusip>13059TFT1</cusip>
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          <isin value="US13059TFT16"/>
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        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB</title>
        <cusip>38122NB84</cusip>
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          <isin value="US38122NB843"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Beverly Hills Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <cusip>088023HV1</cusip>
        <identifiers>
          <isin value="US088023HV12"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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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 2021 C, RB</title>
        <cusip>13051ADD7</cusip>
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          <isin value="US13051ADD72"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Independent Cities Finance Authority</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Independent Cities Finance Authority, Series 2021, RB</title>
        <cusip>45384PAN5</cusip>
        <identifiers>
          <isin value="US45384PAN50"/>
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        <balance>1825000.00000000</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>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Aspen Public Sschools Obligated Group), Series 2022 A, RB</title>
        <cusip>13058TRJ1</cusip>
        <identifiers>
          <isin value="US13058TRJ15"/>
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        <balance>1810000.00000000</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>2062-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB</title>
        <cusip>130486BC6</cusip>
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          <isin value="US130486BC60"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB</title>
        <cusip>13013JDG8</cusip>
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          <isin value="US13013JDG85"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)</name>
        <lei>N/A</lei>
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        <cusip>544445YG8</cusip>
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          <isin value="US544445YG87"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of)</name>
        <lei>N/A</lei>
        <title>California (State of), Series 2025, GO Bonds</title>
        <cusip>13063ELN4</cusip>
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          <isin value="US13063ELN49"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Adelanto School District (Community Facilities District No. 4)</name>
        <lei>N/A</lei>
        <title>Adelanto School District (Community Facilities District No. 4), Series 2023, RB</title>
        <cusip>006792CA1</cusip>
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          <isin value="US006792CA13"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
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        <name>Rancho Mirage Community Facilities District (Del Webb)</name>
        <lei>N/A</lei>
        <title>Rancho Mirage Community Facilities District (Del Webb), Series 2021, RB</title>
        <cusip>75213WBV5</cusip>
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          <isin value="US75213WBV54"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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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>
        <cusip>13051AFJ2</cusip>
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          <isin value="US13051AFJ25"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353017.71000000</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>6.30000000</annualizedRt>
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        <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>955232FA6</cusip>
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          <isin value="US955232FA65"/>
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        <balance>375000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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 A, RB</title>
        <cusip>544445ET2</cusip>
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          <isin value="US544445ET29"/>
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        <balance>10000000.00000000</balance>
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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>5.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Tracy (City of), CA Community Facilities District No. 21-1(Hillview)</name>
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        <name>Dublin (City of), CA Community Facilities District No. 2015-1 (Improvement Area No. 5)</name>
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        <name>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
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        <name>Menifee Union School District (Community Facilities District No. 2006-2)</name>
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        <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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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 2022 C, RB</title>
        <cusip>13051AFS2</cusip>
        <identifiers>
          <isin value="US13051AFS24"/>
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        <balance>995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1045644.80000000</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>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
        <title>Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB</title>
        <cusip>74529JQE8</cusip>
        <identifiers>
          <isin value="US74529JQE81"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1206708.90000000</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>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>870638.92000000</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>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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 A, GO Bonds</title>
        <cusip>452641LN1</cusip>
        <identifiers>
          <isin value="US452641LN16"/>
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        <balance>4330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3766873.97000000</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>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Infrastructure &amp; Economic Development Bank (Brightline West Passenger Rail) (Green Bonds)</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California (State of) Infrastructure &amp; Economic Development Bank (Brightline West Passenger Rail) (Green Bonds), Series 2025 B, Ref. RB</title>
        <cusip>13034A6B1</cusip>
        <identifiers>
          <isin value="US13034A6B14"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1839076.80000000</valUSD>
        <pctVal>0.391704425511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (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>
        <identifiers>
          <isin value="US13080SML50"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3195298.05000000</valUSD>
        <pctVal>0.680565589763</pctVal>
        <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>
          <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>Ontario (City of), CA Community Facilities District No. 64</name>
        <lei>N/A</lei>
        <title>Ontario (City of), CA Community Facilities District No. 64, Series 2024, RB</title>
        <cusip>68305GAP8</cusip>
        <identifiers>
          <isin value="US68305GAP81"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1904615.60000000</valUSD>
        <pctVal>0.405663515203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2025, RB</title>
        <cusip>13050WAA9</cusip>
        <identifiers>
          <isin value="US13050WAA99"/>
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        <balance>2992446.12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2633217.93000000</valUSD>
        <pctVal>0.560848310694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.53700000</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>Clovis Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Clovis Unified School District (Election of 2004), Series 2004 A, GO Bonds</title>
        <cusip>189342US5</cusip>
        <identifiers>
          <isin value="US189342US51"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>565804.13000000</valUSD>
        <pctVal>0.120510454861</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>
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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 (Plant Bonds)</name>
        <lei>N/A</lei>
        <title>California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB</title>
        <cusip>13054WAA5</cusip>
        <identifiers>
          <isin value="US13054WAA53"/>
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        <balance>985000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>989795.97000000</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>2027-07-01</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>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>
        <identifiers>
          <isin value="US50963NUD91"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340210.08000000</valUSD>
        <pctVal>0.072461244652</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District No. 2017-1 (Village of Esencia))</name>
        <lei>N/A</lei>
        <title>Orange (County of), CA Community Facilities District No. 2017-1 (Village of Esencia)), Series 2020, RB</title>
        <cusip>68423PYT1</cusip>
        <identifiers>
          <isin value="US68423PYT10"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306877.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>088023JA5</cusip>
        <identifiers>
          <isin value="US088023JA56"/>
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        <balance>2010000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1720279.00000000</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>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>
        <identifiers>
          <isin value="US130923BM69"/>
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        <balance>17000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4037896.10000000</valUSD>
        <pctVal>0.860030300053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Moorpark Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Moorpark Unified School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>616259EZ6</cusip>
        <identifiers>
          <isin value="US616259EZ63"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1669339.80000000</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>2031-08-01</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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1118574.50000000</valUSD>
        <pctVal>0.238244853023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB</title>
        <cusip>79766DSA8</cusip>
        <identifiers>
          <isin value="US79766DSA80"/>
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        <name>California (State of) Public Finance Authority (Hazelden Betty Ford Foundation)</name>
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        <name>California (State of) Public Finance Authority (Kendal at Ventura)</name>
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        <name>Marina (City of), CA Redevelopment Agency Successor Agency</name>
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        <name>Placer (County of), CA Community Facilities District (Riolo Vineyard Specific Plan)</name>
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        <cusip>726011CE7</cusip>
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        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
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        <cusip>13059TBU2</cusip>
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        <name>California (State of) Health Facilities Financing Authority (Sutter Health)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>California State University</name>
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        <name>California (State of)</name>
        <lei>N/A</lei>
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        <name>San Diego (County of), CA Regional Airport Authority</name>
        <lei>N/A</lei>
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        <name>California (State of) Municipal Finance Authority (William Jessup University)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>Riverside Unified School District (Community Facilities District No. 32)</name>
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        <name>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)</name>
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        <name>Sulphur Springs Union School District</name>
        <lei>N/A</lei>
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          <isin value="US865483JH53"/>
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        <name>San Pablo (County of), CA Joint Powers Financing Authority</name>
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        <name>California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)</name>
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        <cusip>13032UB23</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Commonspirit Health)</name>
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          <isin value="US13032UY444"/>
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        <name>Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1)</name>
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        <cusip>344414EX1</cusip>
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        <name>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2016-02)</name>
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        <cusip>13077EHR4</cusip>
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        <name>Rancho Cordova (City of), CA (Community Facilities District No. 2014-1)</name>
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        <name>San Francisco (City &amp; County of), CA Public Utilities Commission (Green Bonds)</name>
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        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
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        <name>Rancho Cordova (City of), CA (Community Facilities District No. 2022-1)</name>
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        <name>El Centro (City of), CA Financing Authority (Police Station)</name>
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        <name>California (State of) Educational Facilities Authority (Art Center College of Design)</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch)</name>
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        <title>Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch), Series 2022 A, RB</title>
        <cusip>68423PZK9</cusip>
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          <isin value="US68423PZK91"/>
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        <valUSD>988618.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Episcopal Communities &amp; Services)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Episcopal Communities &amp; Services), Series 2024, RB</title>
        <cusip>13032UL30</cusip>
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          <isin value="US13032UL300"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1211727.38000000</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>2058-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (William Jessup University)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (William Jessup University), Series 2019, Ref. RB</title>
        <cusip>13048VJE9</cusip>
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          <isin value="US13048VJE92"/>
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        <curCd>USD</curCd>
        <valUSD>405616.80000000</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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Educational Facilities Authority (University of Redlands)</name>
        <lei>N/A</lei>
        <title>California (State of) Educational Facilities Authority (University of Redlands), Series 2022 A, RB</title>
        <cusip>130179UR3</cusip>
        <identifiers>
          <isin value="US130179UR39"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1319253.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Golden Valley Unified School District Financing Authority</name>
        <lei>N/A</lei>
        <title>Golden Valley Unified School District Financing Authority, Series 2021 A, RB</title>
        <cusip>38131AAX7</cusip>
        <identifiers>
          <isin value="US38131AAX72"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408445.10000000</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>
      <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>13016NHY3</cusip>
        <identifiers>
          <isin value="US13016NHY31"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>241551.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dry Creek Joint Elementary School District (Election of 2008-Measure E)</name>
        <lei>N/A</lei>
        <title>Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds</title>
        <cusip>262386FK6</cusip>
        <identifiers>
          <isin value="US262386FK68"/>
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        <balance>2860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>918701.50000000</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>2048-08-01</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>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>
        <identifiers>
          <isin value="US55646MCQ69"/>
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        <balance>1470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1163052.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>El Segundo Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>284047HB6</cusip>
        <identifiers>
          <isin value="US284047HB62"/>
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        <balance>615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>476399.17000000</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>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Delta Coves)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Delta Coves), Series 2022, RB</title>
        <cusip>13077ELE8</cusip>
        <identifiers>
          <isin value="US13077ELE85"/>
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        <balance>1995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2028817.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>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>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (John Muir Health), Series 2018 A, Ref. RB</title>
        <cusip>13080STN4</cusip>
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          <isin value="US13080STN44"/>
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        <balance>1715000.00000000</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>2057-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Riverside Unified School District (Community Facilities District No. 33)</name>
        <lei>N/A</lei>
        <title>Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB</title>
        <cusip>769069Q32</cusip>
        <identifiers>
          <isin value="US769069Q322"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>363501.40000000</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>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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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>
        <cusip>573428NW5</cusip>
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          <isin value="US573428NW56"/>
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        <balance>8605000.00000000</balance>
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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>79770GAM8</cusip>
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          <isin value="US79770GAM87"/>
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        <balance>220000.00000000</balance>
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        <valUSD>220405.09000000</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>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Desert (City of), CA (University Park)</name>
        <lei>N/A</lei>
        <title>Palm Desert (City of), CA (University Park), Series 2021, Ref. RB</title>
        <cusip>696627ER5</cusip>
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          <isin value="US696627ER52"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>406658.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</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 (Caritas) (Social Bonds)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Caritas) (Social Bonds), Series 2024, Ref. RB</title>
        <cusip>13049SGB4</cusip>
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          <isin value="US13049SGB43"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>825779.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Menifee Union School District</name>
        <lei>N/A</lei>
        <title>Menifee Union School District, Series 2021, RB</title>
        <cusip>5868103N1</cusip>
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          <isin value="US5868103N10"/>
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        <balance>675000.00000000</balance>
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        <valUSD>559697.58000000</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>
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        <name>Gilroy Unified School District (Election of 2008)</name>
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        <name>San Diego (City of), CA Redevelopment Agency (Centre City Redevelopment)</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1)</name>
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        <name>California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <cusip>13032UYJ1</cusip>
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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>Menifee Union School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <cusip>586807DW6</cusip>
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        <name>Elsinore Valley Municipal Water District</name>
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        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
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        <name>North Orange County Community College District</name>
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        <name>Los Angeles (County of), CA Public Works Financing Authority</name>
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        <name>San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement)</name>
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        <name>California (State of) Municipal Finance Authority (California Baptist University)</name>
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        <name>California (State of) Statewide Communities Development Authority (Front Porch Communities &amp; Services)</name>
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        <name>California (State of) School Finance Authority (Green Dot Public Schools)</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>13057GAB5</cusip>
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          <isin value="US13057GAB59"/>
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        <balance>960000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
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          <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>
        <identifiers>
          <isin value="US40065FDF80"/>
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        <balance>1540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1469477.09000000</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>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>California (State of) Educational Facilities Authority, Series 2025 A, RB</title>
        <cusip>130179YE8</cusip>
        <identifiers>
          <isin value="US130179YE89"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2553539.50000000</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>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2017 A, Ref. RB</title>
        <cusip>13077DAY8</cusip>
        <identifiers>
          <isin value="US13077DAY85"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10032881.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</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 (American Heritage Education Foundation)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (American Heritage Education Foundation), Series 2016 A, Ref. RB</title>
        <cusip>13049AAG8</cusip>
        <identifiers>
          <isin value="US13049AAG85"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2614904.88000000</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>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Long Beach (City of), CA (Long Beach Towne Center)</name>
        <lei>549300XH3OUOL3JO1O51</lei>
        <title>Long Beach (City of), CA (Long Beach Towne Center), Series 2008, RB</title>
        <cusip>54243EDS9</cusip>
        <identifiers>
          <isin value="US54243EDS90"/>
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        <balance>1030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1032404.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB</title>
        <cusip>13013JEA0</cusip>
        <identifiers>
          <isin value="US13013JEA07"/>
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        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7832971.50000000</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>2032-12-01</maturityDt>
          <couponKind>Variable</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>Simi Valley Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds</title>
        <cusip>828641UF5</cusip>
        <identifiers>
          <isin value="US828641UF57"/>
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        <balance>1210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1063827.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Community Choice Financing Authority (Clean Energy) (Green Bonds)</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2025 A, RB</title>
        <cusip>13013JFX9</cusip>
        <identifiers>
          <isin value="US13013JFX90"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2585058.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Variable</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>Roseville (City of), CA Community Facilities District No. 1 (Improvement Area No. 2)</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville (City of), CA Community Facilities District No. 1 (Improvement Area No. 2), Series 2023, RB</title>
        <cusip>7778705G7</cusip>
        <identifiers>
          <isin value="US7778705G77"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501490.45000000</valUSD>
        <pctVal>0.106812303116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB</title>
        <cusip>79766DXP9</cusip>
        <identifiers>
          <isin value="US79766DXP94"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10089853.00000000</valUSD>
        <pctVal>2.149034816195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</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>Sweetwater Union High School District</name>
        <lei>N/A</lei>
        <title>Sweetwater Union High School District, Series 2016, Ref. GO Bonds</title>
        <cusip>870462TL2</cusip>
        <identifiers>
          <isin value="US870462TL27"/>
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        <balance>2505000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2174639.35000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Public Works Board (Various Capital)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Works Board (Various Capital), Series 2021 B, RB</title>
        <cusip>13068XBT5</cusip>
        <identifiers>
          <isin value="US13068XBT54"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8985925.00000000</valUSD>
        <pctVal>1.913909516890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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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 (Aspire Public School)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB</title>
        <cusip>13058TLZ1</cusip>
        <identifiers>
          <isin value="US13058TLZ11"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>949014.80000000</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>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)</name>
        <lei>N/A</lei>
        <title>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB</title>
        <cusip>68423PWC0</cusip>
        <identifiers>
          <isin value="US68423PWC03"/>
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        <balance>3555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3529070.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sacramento (County of), CA</name>
        <lei>N/A</lei>
        <title>Sacramento (County of), CA, Series 2024, RB</title>
        <cusip>786107VC3</cusip>
        <identifiers>
          <isin value="US786107VC31"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2068471.80000000</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>2054-07-01</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>
        <name>Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB</title>
        <cusip>888804CT6</cusip>
        <identifiers>
          <isin value="US888804CT68"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207736.63000000</valUSD>
        <pctVal>0.044245763587</pctVal>
        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles (County of), CA Public Works Financing Authority (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Los Angeles (County of), CA Public Works Financing Authority (Green Bonds), Series 2021 F, RB</title>
        <cusip>54473EWP5</cusip>
        <identifiers>
          <isin value="US54473EWP59"/>
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        <balance>15880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13810072.17000000</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>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building)</name>
        <lei>N/A</lei>
        <title>Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building), Series 2018, RB</title>
        <cusip>54531FAT8</cusip>
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          <isin value="US54531FAT84"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22008897.50000000</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>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Infrastructure &amp; Economic Development Bank (Green Bonds) (California Science Center Phase III)</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California (State of) Infrastructure &amp; Economic Development Bank (Green Bonds) (California Science Center Phase III), Series 2021 B, RB</title>
        <cusip>13034AV23</cusip>
        <identifiers>
          <isin value="US13034AV232"/>
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        <balance>2865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2415299.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Virgin Islands Transportation &amp; Infrastructure Corp. (Garvee)</name>
        <lei>N/A</lei>
        <title>Virgin Islands Transportation &amp; Infrastructure Corp. (Garvee), Series 2025, Ref. RB</title>
        <cusip>927686AT2</cusip>
        <identifiers>
          <isin value="US927686AT28"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1272658.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System), Series 2021 A, Ref. RB</title>
        <cusip>13032UB49</cusip>
        <identifiers>
          <isin value="US13032UB491"/>
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        <balance>7950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8103189.35000000</valUSD>
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        <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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        <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 2023 B, RB</title>
        <cusip>13051AGB8</cusip>
        <identifiers>
          <isin value="US13051AGB89"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>512266.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Enloe Medical Center)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Enloe Medical Center), Series 2022 A, RB</title>
        <cusip>13080SM84</cusip>
        <identifiers>
          <isin value="US13080SM848"/>
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        <balance>1680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1695952.27000000</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>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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 2024, RB</title>
        <cusip>13059TJS9</cusip>
        <identifiers>
          <isin value="US13059TJS96"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>540592.50000000</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>2064-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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>
        <cusip>13059TGL7</cusip>
        <identifiers>
          <isin value="US13059TGL70"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1742911.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB</title>
        <cusip>79770GAU0</cusip>
        <identifiers>
          <isin value="US79770GAU04"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>375282.64000000</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>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Caritas) (Social Bonds)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Caritas) (Social Bonds), Series 2024, Ref. RB</title>
        <cusip>13049SGD0</cusip>
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          <isin value="US13049SGD09"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>965162.60000000</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>2059-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Township Health Care District (Election of 2020)</name>
        <lei>N/A</lei>
        <title>Washington Township Health Care District (Election of 2020), Series 2023 B, GO Bonds</title>
        <cusip>940642GG0</cusip>
        <identifiers>
          <isin value="US940642GG07"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2255489.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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, Ref. RB</title>
        <cusip>13032UY36</cusip>
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          <isin value="US13032UY360"/>
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        <balance>195000.00000000</balance>
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        <valUSD>208911.73000000</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>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Palomar Health)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Palomar Health), Series 2022 A, Ref. COP</title>
        <cusip>130493CL1</cusip>
        <identifiers>
          <isin value="US130493CL10"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2105087.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Golden Valley Unified School District Financing Authority</name>
        <lei>N/A</lei>
        <title>Golden Valley Unified School District Financing Authority, Series 2021 A, RB</title>
        <cusip>38131AAW9</cusip>
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          <isin value="US38131AAW99"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214064.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>Moreno Valley Unified School District (Community Facilities District No. 2015-2)</name>
        <lei>N/A</lei>
        <title>Moreno Valley Unified School District (Community Facilities District No. 2015-2), Series 2019, RB</title>
        <cusip>616874RP0</cusip>
        <identifiers>
          <isin value="US616874RP08"/>
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        <balance>435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>436181.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Independent Cities Finance Authority</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Independent Cities Finance Authority, Series 2021, RB</title>
        <cusip>45384PAP0</cusip>
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          <isin value="US45384PAP09"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1095190.25000000</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>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South)</name>
        <lei>N/A</lei>
        <title>Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South), Series 2014, Ref. RB</title>
        <cusip>344630RB6</cusip>
        <identifiers>
          <isin value="US344630RB65"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1006501.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fremont Community Facilities District No. 1 (Pacific Commons)</name>
        <lei>N/A</lei>
        <title>Fremont Community Facilities District No. 1 (Pacific Commons), Series 2015, Ref. RB</title>
        <cusip>357129CM5</cusip>
        <identifiers>
          <isin value="US357129CM51"/>
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        <balance>1880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1885640.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</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>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB</title>
        <cusip>89356CBK1</cusip>
        <identifiers>
          <isin value="US89356CBK18"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>309504.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <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) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NGB4</cusip>
        <identifiers>
          <isin value="US13016NGB47"/>
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        <balance>1065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>966585.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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 (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>
        <identifiers>
          <isin value="US13058TMA50"/>
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        <balance>1370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1255853.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Washington Township Health Care District</name>
        <lei>N/A</lei>
        <title>Washington Township Health Care District, Series 2023 A, RB</title>
        <cusip>940204GX2</cusip>
        <identifiers>
          <isin value="US940204GX22"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>518274.00000000</valUSD>
        <pctVal>0.110387026483</pctVal>
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        <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>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
        <identifiers>
          <isin value="US13016NCK81"/>
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        <balance>22950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2060040.20000000</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>2055-06-01</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>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports, Series 2022, RB</title>
        <cusip>544445C64</cusip>
        <identifiers>
          <isin value="US544445C649"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4955225.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bold Program), 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>1328690.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</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>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>2818503.90000000</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>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>859355.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <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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      <invstOrSec>
        <name>West Patterson Financing Authority (Community Facilities District No. 2005-1)</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority (Community Facilities District No. 2005-1), Series 2021, RB</title>
        <cusip>955232FE8</cusip>
        <identifiers>
          <isin value="US955232FE87"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508155.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mountain House Public Financing Authority (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Mountain House Public Financing Authority (Green Bonds), Series 2020 B, RB</title>
        <cusip>62412PCL8</cusip>
        <identifiers>
          <isin value="US62412PCL85"/>
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        <balance>1165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1084286.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <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)</title>
        <cusip>927676UF1</cusip>
        <identifiers>
          <isin value="US927676UF14"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999999.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>777882.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</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 (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>
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        <curCd>USD</curCd>
        <valUSD>4104195.20000000</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>2053-06-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB</title>
        <cusip>89356CBM7</cusip>
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        <name>Woodland (City of), CA Community Facilities District 2004-1</name>
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        <name>California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village)</name>
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        <name>Palomar Community College District (Election of 2006)</name>
        <lei>N/A</lei>
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        <name>California (State of) Municipal Finance Authority (Santa Rosa Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>130486BF9</cusip>
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          <isin value="US130486BF91"/>
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        <name>California (State of) School Finance Authority (Aspire Public School)</name>
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        <cusip>13058TCK4</cusip>
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          <isin value="US13058TCK43"/>
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        <name>Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 5)</name>
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        <title>Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 5), Series 2021, RB</title>
        <cusip>5868104B6</cusip>
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          <isin value="US5868104B62"/>
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        <name>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)</name>
        <lei>N/A</lei>
        <title>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB</title>
        <cusip>68423PWA4</cusip>
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          <isin value="US68423PWA47"/>
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        <name>California (State of) Health Facilities Financing Authority (Sutter Health)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 B, Ref. RB</title>
        <cusip>13032UXH6</cusip>
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          <isin value="US13032UXH66"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
        <lei>N/A</lei>
        <title>Foothill-Eastern Transportation Corridor Agency, Series 2015, Ref. RB</title>
        <cusip>345105HZ6</cusip>
        <identifiers>
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        <fairValLevel>2</fairValLevel>
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        <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>794895CC4</cusip>
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          <isin value="US794895CC42"/>
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        <name>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)</name>
        <lei>N/A</lei>
        <title>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities), Series 2022, RB</title>
        <cusip>54531MAT3</cusip>
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          <isin value="US54531MAT36"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>University of California (Limited)</name>
        <lei>N/A</lei>
        <title>University of California (Limited), Series 2018 O, Ref. RB</title>
        <cusip>91412HDE0</cusip>
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          <isin value="US91412HDE09"/>
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        <balance>10000000.00000000</balance>
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        <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>13078YUY9</cusip>
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        <balance>625000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing), Series 2018, RB</title>
        <cusip>13049YBK6</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College)</name>
        <lei>N/A</lei>
        <title>California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College), Series 2018, RB</title>
        <cusip>13012RAV1</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Alameda (City of), CA Corridor Transportation Authority</name>
        <lei>N/A</lei>
        <title>Alameda (City of), CA Corridor Transportation Authority, Series 2022 C, RB</title>
        <cusip>010869JU0</cusip>
        <identifiers>
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        <balance>2000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eastern Municipal Water District</name>
        <lei>549300ZCFVRFDIRWK089</lei>
        <title>Eastern Municipal Water District, Series 2025, RB</title>
        <cusip>27627M5Q6</cusip>
        <identifiers>
          <isin value="US27627M5Q67"/>
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        <balance>525000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533431.40000000</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>2040-09-01</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>Garden Grove (City of), CA Agency for Community Development</name>
        <lei>N/A</lei>
        <title>Garden Grove (City of), CA Agency for Community Development, Series 2008, RN</title>
        <cusip>365245AA7</cusip>
        <identifiers>
          <isin value="US365245AA75"/>
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        <balance>480000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>480728.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>El Segundo Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>284047GZ4</cusip>
        <identifiers>
          <isin value="US284047GZ40"/>
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        <balance>2735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2306891.00000000</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>2031-08-01</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>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>
        <cusip>13077ELR9</cusip>
        <identifiers>
          <isin value="US13077ELR98"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>507190.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>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>4165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4081338.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>467161.59000000</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>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>West Patterson Financing Authority (Community Facilities District No. 2005-1)</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority (Community Facilities District No. 2005-1), Series 2021, RB</title>
        <cusip>955232FF5</cusip>
        <identifiers>
          <isin value="US955232FF52"/>
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        <balance>745000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>616636.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>7210648.20000000</valUSD>
        <pctVal>1.535793834572</pctVal>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181984.66000000</valUSD>
        <pctVal>0.038760859088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fremont Community Facilities District No. 1 (Pacific Commons)</name>
        <lei>N/A</lei>
        <title>Fremont Community Facilities District No. 1 (Pacific Commons), Series 2015, Ref. RB</title>
        <cusip>357129CK9</cusip>
        <identifiers>
          <isin value="US357129CK95"/>
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        <balance>2095000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2038341.35000000</valUSD>
        <pctVal>0.434145723276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>1185448.01000000</valUSD>
        <pctVal>0.252488222205</pctVal>
        <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1489609.73000000</valUSD>
        <pctVal>0.317271537287</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Long Beach (City of), CA (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Long Beach (City of), CA (Green Bonds), Series 2025, Ref. RB</title>
        <cusip>5444453B3</cusip>
        <identifiers>
          <isin value="US5444453B36"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3040056.60000000</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>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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 A, RB</title>
        <cusip>84049MCC0</cusip>
        <identifiers>
          <isin value="US84049MCC01"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4190544.80000000</valUSD>
        <pctVal>0.892542901668</pctVal>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>River Islands Public Financing Authority</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority, Series 2022 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>1435575.26000000</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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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>13081CAC2</cusip>
        <identifiers>
          <isin value="US13081CAC29"/>
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        <balance>910000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>913233.05000000</valUSD>
        <pctVal>0.194509238117</pctVal>
        <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>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Glendale Community College District</name>
        <lei>N/A</lei>
        <title>Glendale Community College District, Series 2020 B, GO Bonds</title>
        <cusip>378394JQ4</cusip>
        <identifiers>
          <isin value="US378394JQ47"/>
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        <balance>1285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>484932.27000000</valUSD>
        <pctVal>0.103285581239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
        <title>Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB</title>
        <cusip>74529JQG3</cusip>
        <identifiers>
          <isin value="US74529JQG30"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3160574.00000000</valUSD>
        <pctVal>0.673169724589</pctVal>
        <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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1934486.00000000</valUSD>
        <pctVal>0.412025602894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>1476990.90000000</valUSD>
        <pctVal>0.314583856405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NHB3</cusip>
        <identifiers>
          <isin value="US13016NHB38"/>
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        <balance>2950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>540047.06000000</valUSD>
        <pctVal>0.115024464115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </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>5404509.00000000</valUSD>
        <pctVal>1.151104778775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>8250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7866426.98000000</valUSD>
        <pctVal>1.675467963614</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>1735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1436659.81000000</valUSD>
        <pctVal>0.305993749435</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>
        </securityLending>
      </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 2023 B, RB</title>
        <cusip>79739GRL2</cusip>
        <identifiers>
          <isin value="US79739GRL22"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4926768.00000000</valUSD>
        <pctVal>1.049350864013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</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) 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"/>
        </identifiers>
        <balance>2055000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1845854.64000000</valUSD>
        <pctVal>0.393148035654</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>West Patterson Financing Authority (Community Facilities District No. 2005-1)</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority (Community Facilities District No. 2005-1), Series 2021, RB</title>
        <cusip>955232FG3</cusip>
        <identifiers>
          <isin value="US955232FG36"/>
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        <balance>1775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1424732.68000000</valUSD>
        <pctVal>0.303453393532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <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>1172451.96000000</valUSD>
        <pctVal>0.249720197346</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>
        <name>Los Angeles (City of), CA Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles (City of), CA Department of Water &amp; Power, Series 2025 A, Ref. RB</title>
        <cusip>544532PW8</cusip>
        <identifiers>
          <isin value="US544532PW82"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4005654.80000000</valUSD>
        <pctVal>0.853163235070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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) 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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>774225.12000000</valUSD>
        <pctVal>0.164901980083</pctVal>
        <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>
          <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>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>2440777.10000000</valUSD>
        <pctVal>0.519860395039</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>
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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>1003465.90000000</valUSD>
        <pctVal>0.213727906240</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>1018908.48000000</valUSD>
        <pctVal>0.217017016802</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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1108848.60000000</valUSD>
        <pctVal>0.236173336449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <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>San Diego (County of), CA Regional Airport Authority</name>
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          <isin value="US79739GNZ53"/>
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        <name>California State University</name>
        <lei>N/A</lei>
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          <isin value="US13077DWF58"/>
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        <invCountry>US</invCountry>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
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          <isin value="US74529JPX71"/>
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        <name>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)</name>
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        <cusip>76911FTK0</cusip>
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          <isin value="US76911FTK02"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Municipal Finance Authority (Caritas) (Social Bonds)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13049SFH2</cusip>
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          <isin value="US13049SFH22"/>
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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>2058-08-15</maturityDt>
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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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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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        <name>Burbank-Glendale-Pasadena Airport Authority</name>
        <lei>N/A</lei>
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        <cusip>120827EF3</cusip>
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          <isin value="US120827EF30"/>
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        <fairValLevel>2</fairValLevel>
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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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        <cusip>13048VXH6</cusip>
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          <isin value="US13048VXH67"/>
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        <name>San Francisco (City &amp; County of), CA Special Tax District No. 2020-1</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>
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        <issuerCat>MUN</issuerCat>
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          <maturityDt>2050-09-01</maturityDt>
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        <name>California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The))</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The)), Series 2018 A, RB</title>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)</name>
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      <invstOrSec>
        <name>Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition)</name>
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      <invstOrSec>
        <name>Mountain House Public Financing Authority (Green Bonds)</name>
        <lei>N/A</lei>
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        <name>Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 10)</name>
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        <cusip>46360TGR8</cusip>
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          <isin value="US46360TGR86"/>
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        <name>California (State of) Enterprise Development Authority (Heights Christian Schools)</name>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
        <lei>N/A</lei>
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          <isin value="US345105BB58"/>
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        <fairValLevel>2</fairValLevel>
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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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        <cusip>777870K70</cusip>
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          <isin value="US777870K706"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Fontana (City of), CA (Community Facilities District No. 99)</name>
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        <cusip>344630F29</cusip>
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          <isin value="US344630F294"/>
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        <name>Romoland School District (Underwood)</name>
        <lei>N/A</lei>
        <title>Romoland School District (Underwood), Series 2023, RB</title>
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          <isin value="US776192VP82"/>
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        <balance>510000.00000000</balance>
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        <name>California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)</name>
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        <cusip>13058TRH5</cusip>
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          <isin value="US13058TRH58"/>
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        <name>Los Angeles (City of), CA Department of Airports (Green Bonds)</name>
        <lei>N/A</lei>
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          <isin value="US544445C565"/>
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        <name>Oak Grove School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
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          <isin value="US79766DUF40"/>
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        <name>Stockton (City of), CA Community Facilities District (Westlake Villages II)</name>
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        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020, RB</title>
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        <issuerCat>MUN</issuerCat>
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        <name>California (State of) School Finance Authority (Harbor Springs Obligated Group)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Harbor Springs Obligated Group), Series 2024, RB</title>
        <cusip>13058TTM2</cusip>
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        <name>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)</name>
        <lei>N/A</lei>
        <title>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities), Series 2024, RB</title>
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          <isin value="US54531MBH88"/>
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        <fairValLevel>2</fairValLevel>
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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>
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          <isin value="US376087DG41"/>
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        <balance>665000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
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      </invstOrSec>
      <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>647383.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <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>3156574.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3201374.88000000</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>2033-03-20</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>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>3395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3312908.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3494065.52000000</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>
      <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>
        <valUSD>308186.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (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>
        <identifiers>
          <isin value="US13016NEZ33"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>823126.60000000</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>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
        <valUSD>2318625.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB</title>
        <cusip>13081CAD0</cusip>
        <identifiers>
          <isin value="US13081CAD02"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2374105.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>
        <name>Roseville (City of), CA</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville (City of), 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>519868.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>2626272.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rancho Mirage Community Facilities District (Del Webb)</name>
        <lei>N/A</lei>
        <title>Rancho Mirage Community Facilities District (Del Webb), Series 2021, RB</title>
        <cusip>75213WBW3</cusip>
        <identifiers>
          <isin value="US75213WBW38"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322333.56000000</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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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 B, RB</title>
        <cusip>13033L4N4</cusip>
        <identifiers>
          <isin value="US13033L4N45"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1993657.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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>912976.90000000</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>2050-10-01</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>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>1419427.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Pollution Control Financing Authority (Plant Bonds)</name>
        <lei>N/A</lei>
        <title>California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB</title>
        <cusip>13054WAC1</cusip>
        <identifiers>
          <isin value="US13054WAC10"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1899194.40000000</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>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>
          <isLoanByFund>N</isLoanByFund>
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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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        <fairValLevel>2</fairValLevel>
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        <name>San Jose Evergreen Community College District (Election of 2004)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Statewide Communities Development Authority</name>
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      <invstOrSec>
        <name>Dry Creek Joint Elementary School District (Election of 2008-Measure E)</name>
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        <balance>4420000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
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      <invstOrSec>
        <name>Menifee Union School District (Community Facilities District No. 2018-2)</name>
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        <cusip>586810T60</cusip>
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          <isin value="US586810T605"/>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Improvement Area No. 1)</name>
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        <title>California (State of) Statewide Communities Development Authority (Improvement Area No. 1), Series 2021, RB</title>
        <cusip>13077EKP4</cusip>
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          <isin value="US13077EKP42"/>
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        <balance>200000.00000000</balance>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Community Facilities District No. 2016-1</name>
        <lei>N/A</lei>
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          <isin value="US79773JAR86"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526QPP1</cusip>
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          <isin value="US74526QPP18"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2015, RB</title>
        <cusip>13059TBS7</cusip>
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          <isin value="US13059TBS78"/>
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        <balance>1130000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles (City of), CA Department of Airports (Green Bonds)</name>
        <lei>N/A</lei>
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        <cusip>544445C80</cusip>
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          <isin value="US544445C805"/>
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        <balance>8000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Modesto Irrigation District</name>
        <lei>S6U6XLZ7IOWYIG8C8H50</lei>
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        <cusip>607767DH0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
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        <cusip>89356CAU0</cusip>
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          <isin value="US89356CAU09"/>
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        <balance>3490000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <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>
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          <isin value="US79904NGQ79"/>
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        <balance>13565000.00000000</balance>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
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        <cusip>16876QBJ7</cusip>
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          <isin value="US16876QBJ76"/>
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        <balance>4325000.00000000</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>2050-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <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>
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          <isin value="US586810W252"/>
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        <balance>1600000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <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>
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        <balance>1000000.00000000</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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          <annualizedRt>5.25000000</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>13078YUX1</cusip>
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          <isin value="US13078YUX11"/>
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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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        <name>Irvine (City of), CA (Reassessment District No. 12-1)</name>
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        <name>Perris (City of), CA Joint Powers Authority (Green Valley West Elementary)</name>
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          <maturityDt>2043-12-31</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>San Francisco (City &amp; County of), CA Community Facilities District No. 2016-1</name>
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        <cusip>79773JAS6</cusip>
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          <isin value="US79773JAS69"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>West Sacramento (City of), CA (Port Towne Infrasctructure)</name>
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        <cusip>955656RQ8</cusip>
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          <isin value="US955656RQ86"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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        <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>California (State of) Statewide Communities Development Authority (John Muir Health)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>Cambrian School District</name>
        <lei>N/A</lei>
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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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        <name>Enterprise Elementary School District</name>
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          <isin value="US29368PFQ72"/>
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        <name>Long Beach (City of), CA Bond Finance Authority</name>
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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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        <name>California (State of) Statewide Communities Development Authority (California Baptist University)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (California Baptist University), Series 2017 A, Ref. RB</title>
        <cusip>13080SSJ4</cusip>
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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>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. 2)</name>
        <lei>N/A</lei>
        <title>Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. 2), Series 2023, RB</title>
        <cusip>074447AW3</cusip>
        <identifiers>
          <isin value="US074447AW32"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>656863.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-01</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>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2025 CC, RB</title>
        <cusip>91412HVY6</cusip>
        <identifiers>
          <isin value="US91412HVY60"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2558000.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB</title>
        <cusip>74526QPR7</cusip>
        <identifiers>
          <isin value="US74526QPR73"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1993836.60000000</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>2033-07-01</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>Eastern Municipal Water District (Community Facilities District No. 2012-61)</name>
        <lei>549300ZCFVRFDIRWK089</lei>
        <title>Eastern Municipal Water District (Community Facilities District No. 2012-61), Series 2020, RB</title>
        <cusip>27627MXY8</cusip>
        <identifiers>
          <isin value="US27627MXY82"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96457.35000000</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>2027-09-01</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>San Diego (County of), CA Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego (County of), CA Regional Airport Authority, Series 2021 A, RB</title>
        <cusip>79739GMZ6</cusip>
        <identifiers>
          <isin value="US79739GMZ62"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3029022.30000000</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>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fresno (City of), CA</name>
        <lei>N/A</lei>
        <title>Fresno (City of), CA, Series 2023 A, Ref. RB</title>
        <cusip>358100FS9</cusip>
        <identifiers>
          <isin value="US358100FS95"/>
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        <balance>3290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3227422.88000000</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>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB</title>
        <cusip>79766DWF2</cusip>
        <identifiers>
          <isin value="US79766DWF22"/>
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        <balance>1825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1515158.07000000</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>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Regents of the University of California Medical Center</name>
        <lei>N/A</lei>
        <title>Regents of the University of California Medical Center, Series 2022 P, RB</title>
        <cusip>913366KT6</cusip>
        <identifiers>
          <isin value="US913366KT64"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8488000.00000000</valUSD>
        <pctVal>1.807856617918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Public Finance Authority (California Crosspoint Academy)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Finance Authority (California Crosspoint Academy), Series 2020 A, RB</title>
        <cusip>13057KAF7</cusip>
        <identifiers>
          <isin value="US13057KAF75"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1545452.20000000</valUSD>
        <pctVal>0.329165408511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB</title>
        <cusip>89356CAT3</cusip>
        <identifiers>
          <isin value="US89356CAT36"/>
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        <balance>4600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4430785.32000000</valUSD>
        <pctVal>0.943711659205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) 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>
        <identifiers>
          <isin value="US13049YEE77"/>
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        <balance>2840000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2736668.30000000</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>2049-05-15</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>
        <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>
        <identifiers>
          <isin value="US13077ENR70"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>968010.50000000</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>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), Series 2014, Ref. R</title>
        <cusip>79772ACT2</cusip>
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          <isin value="US79772ACT25"/>
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        <balance>1420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1420099.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Murrieta Valley Unified School District (Election of 2006)</name>
        <lei>N/A</lei>
        <title>Murrieta Valley Unified School District (Election of 2006), Series 2008, GO Bonds</title>
        <cusip>626905JE4</cusip>
        <identifiers>
          <isin value="US626905JE45"/>
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        <balance>6670000.00000000</balance>
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        <valUSD>5567256.24000000</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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      <invstOrSec>
        <name>M-S-R Energy Authority</name>
        <lei>549300UEMSS1JTK5YB98</lei>
        <title>M-S-R Energy Authority, Series 2009 B, RB</title>
        <cusip>55374SAD2</cusip>
        <identifiers>
          <isin value="US55374SAD27"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>794656.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Educational Facilities Authority (Saint Mary's College of California)</name>
        <lei>N/A</lei>
        <title>California (State of) Educational Facilities Authority (Saint Mary's College of California), Series 2023, Ref. RB</title>
        <cusip>130179VH4</cusip>
        <identifiers>
          <isin value="US130179VH48"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1812580.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US13058TSA96"/>
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        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>544101.21000000</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>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds)</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
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        <cusip>797661C94</cusip>
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          <isin value="US797661C942"/>
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        <curCd>USD</curCd>
        <valUSD>9120100.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>88563DAC9</cusip>
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          <isin value="US88563DAC92"/>
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        <valUSD>3343982.69000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>California (State of) Public Works Board (Various Capital)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Works Board (Various Capital), Series 2025, RB</title>
        <cusip>13068XPW3</cusip>
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          <isin value="US13068XPW38"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2049968.80000000</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>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2024, Ref. RB</title>
        <cusip>13058TUF5</cusip>
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          <isin value="US13058TUF55"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>945479.00000000</valUSD>
        <pctVal>0.201377293502</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB</title>
        <cusip>79770GAT3</cusip>
        <identifiers>
          <isin value="US79770GAT31"/>
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        <balance>785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>785698.65000000</valUSD>
        <pctVal>0.167345723856</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>
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          <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>
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          <isin value="US776192NS14"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1660731.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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>
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          <isin value="US68423PXA38"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3001142.70000000</valUSD>
        <pctVal>0.639212498999</pctVal>
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        <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>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>7571790.18000000</valUSD>
        <pctVal>1.612713358435</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-09-30</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>
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</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
