<SEC-DOCUMENT>0001752724-21-228783.txt : 20211028
<SEC-HEADER>0001752724-21-228783.hdr.sgml : 20211028
<ACCEPTANCE-DATETIME>20211027175545
ACCESSION NUMBER:		0001752724-21-228783
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210831
FILED AS OF DATE:		20211028
PERIOD START:           	20220228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN CALIFORNIA MUNICIPAL VALUE FUND
		CENTRAL INDEX KEY:			0000818851
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05235
		FILM NUMBER:		211354201

	BUSINESS ADDRESS:	
		STREET 1:		333 W. WACKER DR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129178146

	MAIL ADDRESS:	
		STREET 1:		333 W. WACKER DR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN CALIFORNIA MUNICIPAL VALUE FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <regFileNumber>811-05235</regFileNumber>
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      <regLei>549300TMONWV3LX8YU60</regLei>
      <regStreet1>333 W. Wacker Dr</regStreet1>
      <regCity>Chicago</regCity>
      <regStateConditional regCountry="US" regState="US-IL"/>
      <regZipOrPostalCode>60606</regZipOrPostalCode>
      <regPhone>312-917-7700</regPhone>
      <seriesName>Nuveen California Municipal Value Fund</seriesName>
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      <repPdEnd>2022-02-28</repPdEnd>
      <repPdDate>2021-08-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totAssets>360485089.00</totAssets>
      <totLiabs>1082008.00</totLiabs>
      <netAssets>359403081.00</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
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        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>Sacramento, California, Wastewater Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Sacramento, California, Wastewater Revenue Bonds, Series 2019</title>
        <cusip>786087BR6</cusip>
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          <isin value="US786087BR65"/>
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        <name>San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds, Refunding Series 2012A</name>
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        <name>Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A</name>
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        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018A</name>
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        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018A</title>
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      <invstOrSec>
        <name>Port of Oakland, California, Revenue Bonds, Refunding Series 2012P</name>
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        <title>Port of Oakland, California, Revenue Bonds, Refunding Series 2012P</title>
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        <name>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series2019-1</name>
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        <name>Pittsburg Unified School District Financing Authority, Contra Costa County, California,  General Obligation Bonds, Pittsburg Unified School District B</name>
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        <lei>N/A</lei>
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        <name>Manhattan Beach Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2016 Measure C Series 2020B</name>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2018A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2018A</title>
        <cusip>13032URH3</cusip>
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        <name>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Center City Anaheim, Series 2020A</name>
        <lei>N/A</lei>
        <title>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Center City Anaheim, Series 2020A</title>
        <cusip>126292AB7</cusip>
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        <name>Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1</title>
        <cusip>5446466V9</cusip>
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        <name>Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1</title>
        <cusip>5446466U1</cusip>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2018E</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2018E</title>
        <cusip>79766DLJ6</cusip>
        <identifiers>
          <isin value="US79766DLJ62"/>
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      <invstOrSec>
        <name>Stockton Public Financing Authority, California, Revenue Bonds, Arch Road East Community Facility District 99-02, Series 2018A</name>
        <lei>N/A</lei>
        <title>Stockton Public Financing Authority, California, Revenue Bonds, Arch Road East Community Facility District 99-02, Series 2018A</title>
        <cusip>861395HU8</cusip>
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        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016B</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016B</title>
        <cusip>544495V92</cusip>
        <identifiers>
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        <name>San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay North Redevelopment Project, Refund</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay North Redevelopment Project, Refund</title>
        <cusip>79770GET9</cusip>
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        <invCountry>US</invCountry>

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        <name>Mesa Water District, California, Certificates of Participation, Series 2020</name>
        <lei>N/A</lei>
        <title>Mesa Water District, California, Certificates of Participation, Series 2020</title>
        <cusip>59059CAZ2</cusip>
        <identifiers>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2015A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2015A</title>
        <cusip>13032UAR9</cusip>
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        <invCountry>US</invCountry>

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          <isLoanByFund>N</isLoanByFund>
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        <name>Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011</name>
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        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Governmental Purpose Series 2016C</name>
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        <name>Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Subordinate Lien Series 2013B</name>
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        <name>Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Series 2019E-1</name>
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        <name>California State, General Obligation Bonds, Various Purpose Refunding Series 2015</name>
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      <invstOrSec>
        <name>Mount San Jacinto Community College District, Riverside County, California, General Obligation Bonds, Election 2014, Series 2018B</name>
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        <cusip>623053BW4</cusip>
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      <invstOrSec>
        <name>California Community Housing Agency, California, Essential Housing Revenue Bonds, Serenity at Larkspur Apartments, Series 2020A</name>
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        <title>California Community Housing Agency, California, Essential Housing Revenue Bonds, Serenity at Larkspur Apartments, Series 2020A</title>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Altana Glendale, Series 2021A-2</name>
        <lei>N/A</lei>
        <title>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Altana Glendale, Series 2021A-2</title>
        <cusip>126292AM3</cusip>
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        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B</title>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Refunding Series 2014A</name>
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        <name>Anaheim Union High School District, Orange County, California, General Obligation Bonds, 2014 Election Series 2019</name>
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        <cusip>032591TT6</cusip>
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        <name>California State Public Works Board, Lease Revenue Bonds, Department of Corrections &amp; Rehabilitation, Various Correctional Facilities Series 2013F</name>
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        <title>California State Public Works Board, Lease Revenue Bonds, Department of Corrections &amp; Rehabilitation, Various Correctional Facilities Series 2013F</title>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Union South Bay, Series 2021A-2</name>
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        <title>CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Union South Bay, Series 2021A-2</title>
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        <name>Irvine Ranch Water District, California, Certificates of Participation, Irvine Ranch Water District Series 2016</name>
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      <invstOrSec>
        <name>San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011</name>
        <lei>N/A</lei>
        <title>San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011</title>
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      <invstOrSec>
        <name>California State Public Works Board, Lease Revenue Bonds, Department of Corrections &amp; Rehabilitation, Various Correctional Facilities Series 2014A</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Lease Revenue Bonds, Department of Corrections &amp; Rehabilitation, Various Correctional Facilities Series 2014A</title>
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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2019F</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Special Facility Revenue Bonds, United Airlines, Inc Los Angeles International Airport Project, Series 2019</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Special Facility Revenue Bonds, United Airlines, Inc Los Angeles International Airport Project, Series 2019</title>
        <cusip>13050RAA0</cusip>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017C</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017C</title>
        <cusip>5444953Q5</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2012G</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2012G</title>
        <cusip>13068LAU9</cusip>
        <identifiers>
          <isin value="US13068LAU98"/>
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        <name>California Statewide Communities Development Authority, Revenue Bonds, Kaiser Permanente, Series 2012A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Revenue Bonds, Kaiser Permanente, Series 2012A</title>
        <cusip>1307955E3</cusip>
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        <invCountry>US</invCountry>

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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
        <lei>N/A</lei>
        <title>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</title>
        <cusip>745160RS2</cusip>
        <identifiers>
          <isin value="US745160RS21"/>
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        <balance>635000.00000000</balance>
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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>2037-07-01</maturityDt>
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        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</name>
        <lei>N/A</lei>
        <title>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</title>
        <cusip>345105HB9</cusip>
        <identifiers>
          <isin value="US345105HB94"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A</title>
        <cusip>13080SMK7</cusip>
        <identifiers>
          <isin value="US13080SMK77"/>
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        <balance>2390000.00000000</balance>
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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>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Mateo County Community College District, California, General Obligation Bonds, Election 2014 Series 2018B</name>
        <lei>N/A</lei>
        <title>San Mateo County Community College District, California, General Obligation Bonds, Election 2014 Series 2018B</title>
        <cusip>799038NA8</cusip>
        <identifiers>
          <isin value="US799038NA89"/>
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        <balance>5000000.00000000</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>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Transbay Joint Powers Authority, California, Tax Allocation Bonds, Senior Green Series 2020A</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority, California, Tax Allocation Bonds, Senior Green Series 2020A</title>
        <cusip>89356CAT3</cusip>
        <identifiers>
          <isin value="US89356CAT36"/>
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        <balance>185000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education?Multiple Projects, Series 2014A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education?Multiple Projects, Series 2014A</title>
        <cusip>13048DAP3</cusip>
        <identifiers>
          <isin value="US13048DAP33"/>
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        <balance>550000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
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      <invstOrSec>
        <name>East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Green Series 2017A</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Green Series 2017A</title>
        <cusip>271014D58</cusip>
        <identifiers>
          <isin value="US271014D582"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A</name>
        <lei>N/A</lei>
        <title>California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A</title>
        <cusip>13013HAA8</cusip>
        <identifiers>
          <isin value="US13013HAA86"/>
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        <balance>1115000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority, California, Measure R Sales Tax Revenue Bonds, Senior Series 2016A</name>
        <lei>54930051IHTXE1N9RB42</lei>
        <title>Los Angeles County Metropolitan Transportation Authority, California, Measure R Sales Tax Revenue Bonds, Senior Series 2016A</title>
        <cusip>54466HED4</cusip>
        <identifiers>
          <isin value="US54466HED44"/>
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        <balance>4000000.00000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018A</title>
        <cusip>544445ET2</cusip>
        <identifiers>
          <isin value="US544445ET29"/>
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        <balance>5610000.00000000</balance>
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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>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1</title>
        <cusip>38122NZV7</cusip>
        <identifiers>
          <isin value="US38122NZV71"/>
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        <balance>3550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3676344.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>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>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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      <invstOrSec>
        <name>Long Beach, California, Harbor Revenue Bonds, Series 2017C</name>
        <lei>N/A</lei>
        <title>Long Beach, California, Harbor Revenue Bonds, Series 2017C</title>
        <cusip>542424VE3</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Health Facilities Financing Authority, Revenue Bonds, CommonSpirit Health,  Series 2020A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, Revenue Bonds, CommonSpirit Health,  Series 2020A</title>
        <cusip>13032UXD5</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Series 2014B</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Series 2014B</title>
        <cusip>13033L4N4</cusip>
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          <isin value="US13033L4N45"/>
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        <balance>840000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009C</name>
        <lei>549300UEMSS1JTK5YB98</lei>
        <title>M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009C</title>
        <cusip>55374SAJ9</cusip>
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          <isin value="US55374SAJ96"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</title>
        <cusip>74529JQG3</cusip>
        <identifiers>
          <isin value="US74529JQG30"/>
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        <balance>4795000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Senior Series 2014A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Senior Series 2014A</title>
        <cusip>13049SBC7</cusip>
        <identifiers>
          <isin value="US13049SBC70"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87476.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area, Series 2003</name>
        <lei>N/A</lei>
        <title>Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area, Series 2003</title>
        <cusip>077874CR4</cusip>
        <identifiers>
          <isin value="US077874CR40"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1020490.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015D</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015D</title>
        <cusip>5444357P9</cusip>
        <identifiers>
          <isin value="US5444357P94"/>
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        <balance>5665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6531121.85000000</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>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Silicon Valley Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Santa Clara County Tobacco Securitization Corporat</name>
        <lei>N/A</lei>
        <title>Silicon Valley Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Santa Clara County Tobacco Securitization Corporat</title>
        <cusip>82706TAE1</cusip>
        <identifiers>
          <isin value="US82706TAE10"/>
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        <balance>4895000.00000000</balance>
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        <valUSD>1620734.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A</title>
        <cusip>544495Z64</cusip>
        <identifiers>
          <isin value="US544495Z645"/>
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        <balance>4850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5855114.00000000</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>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</name>
        <lei>N/A</lei>
        <title>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</title>
        <cusip>345105GZ7</cusip>
        <identifiers>
          <isin value="US345105GZ71"/>
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        <balance>4875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5550480.00000000</valUSD>
        <pctVal>1.544360717375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax Bonds, Community Facilities District 7, Hunters Point Shi</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>San Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax Bonds, Community Facilities District 7, Hunters Point Shi</title>
        <cusip>79772ACS4</cusip>
        <identifiers>
          <isin value="US79772ACS42"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Francisco Municipal Transportation Agency, California, Revenue Bonds, Green Series 2021C</name>
        <lei>N/A</lei>
        <title>San Francisco Municipal Transportation Agency, California, Revenue Bonds, Green Series 2021C</title>
        <cusip>797686FD9</cusip>
        <identifiers>
          <isin value="US797686FD93"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2592740.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A</name>
        <lei>N/A</lei>
        <title>Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A</title>
        <cusip>927676RL2</cusip>
        <identifiers>
          <isin value="US927676RL29"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</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 Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012</title>
        <cusip>13054WAB3</cusip>
        <identifiers>
          <isin value="US13054WAB37"/>
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        <balance>2875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3014926.25000000</valUSD>
        <pctVal>0.838870451975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B</name>
        <lei>N/A</lei>
        <title>San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B</title>
        <cusip>798111GC8</cusip>
        <identifiers>
          <isin value="US798111GC88"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280725.00000000</valUSD>
        <pctVal>0.078108679318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Senior Convertible Series 2007A-2</name>
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        <cusip>38122NPC0</cusip>
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      <invstOrSec>
        <name>Yosemite Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2004, Series 2010D</name>
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        <title>Yosemite Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2004, Series 2010D</title>
        <cusip>987388DT9</cusip>
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        <name>San Benito High School District, San Benito and Santa Clara Counties, California, General Obligation Bonds, 2016 Election Series 2017</name>
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        <title>San Benito High School District, San Benito and Santa Clara Counties, California, General Obligation Bonds, 2016 Election Series 2017</title>
        <cusip>796472CD8</cusip>
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      <invstOrSec>
        <name>Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project Area, Series 2011B</name>
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        <title>Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project Area, Series 2011B</title>
        <cusip>769123JZ4</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012A</title>
        <cusip>13049SAF1</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A</title>
        <cusip>13080SML5</cusip>
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        <invCountry>US</invCountry>

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        <name>California Statewide Communities Development Authority, California, Redlands Community Hospital, Revenue Bonds, Series 2016</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, California, Redlands Community Hospital, Revenue Bonds, Series 2016</title>
        <cusip>13080SPM0</cusip>
        <identifiers>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Southern California Public Power Authority, Natural Gas Project 1 Revenue Bonds, Series 2007A</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority, Natural Gas Project 1 Revenue Bonds, Series 2007A</title>
        <cusip>842471AS3</cusip>
        <identifiers>
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        <balance>2400000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Multiple Capital Facilities Project II, Series 2012</name>
        <lei>N/A</lei>
        <title>Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Multiple Capital Facilities Project II, Series 2012</title>
        <cusip>54473EPX6</cusip>
        <identifiers>
          <isin value="US54473EPX66"/>
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        <balance>3520000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Election 2010 Series 2011A</name>
        <lei>N/A</lei>
        <title>San Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Election 2010 Series 2011A</title>
        <cusip>799017GU6</cusip>
        <identifiers>
          <isin value="US799017GU63"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>California State University, Systemwide Revenue Bonds, Series 2016A</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide Revenue Bonds, Series 2016A</title>
        <cusip>13077C4H4</cusip>
        <identifiers>
          <isin value="US13077C4H49"/>
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        <balance>690000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2021-1</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2021-1</title>
        <cusip>13033DAE5</cusip>
        <identifiers>
          <isin value="US13033DAE58"/>
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        <invCountry>US</invCountry>

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        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A</title>
        <cusip>13080SVM3</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2013C</name>
        <lei>N/A</lei>
        <title>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2013C</title>
        <cusip>345105GX2</cusip>
        <identifiers>
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        <balance>2215000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</name>
        <lei>N/A</lei>
        <title>Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A</title>
        <cusip>345105HA1</cusip>
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        <balance>4875000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Governmental Purpose Second Series 2017B</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Governmental Purpose Second Series 2017B</title>
        <cusip>79766DKK4</cusip>
        <identifiers>
          <isin value="US79766DKK45"/>
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        <balance>2000000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</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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        <name>Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Senior Lien Series 2018B</name>
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        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Senior Series 2014A</name>
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        <name>California Municipal Finance Authority, Charter School Revenue Bonds, Partnerships to Uplift Communities Project, Series 2012A</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012B</name>
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        <title>California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012B</title>
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      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose Series 2013</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2013</title>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012</title>
        <cusip>13054WAC1</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C</name>
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        <title>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C</title>
        <cusip>13059TDF3</cusip>
        <identifiers>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A</title>
        <cusip>38122NZY1</cusip>
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          <isin value="US38122NZY11"/>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Refunding Series 2014A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, Revenue Bonds, Providence Health &amp; Services, Refunding Series 2014A</title>
        <cusip>13032UUT3</cusip>
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        <invCountry>US</invCountry>

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        <name>Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Series 2019S-H</name>
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        <title>Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Series 2019S-H</title>
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        <name>San Marcos Unified School District, San Diego County, California, General Obligation Bonds, 2010 Election, Series 2012B</name>
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        <cusip>798755DQ4</cusip>
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      <invstOrSec>
        <name>Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A</name>
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        <title>Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A</title>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</title>
        <cusip>74529JPX7</cusip>
        <identifiers>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <debtSec>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose Series 2013</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2013</title>
        <cusip>13063B3W0</cusip>
        <identifiers>
          <isin value="US13063B3W01"/>
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        <balance>2500000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Series 2014A</name>
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      <invstOrSec>
        <name>Los Angeles Harbors Department, California, Revenue Bonds, Series 2014C</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1</name>
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        <name>California Health Facilities Financing Authority, Insured Revenue Bonds, Community Program for Persons with Developmental Disabilities, Series 2011A</name>
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        <name>Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series 2007A</name>
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        <name>California Community Housing Agency, California, Essential Housing Revenue Bonds, Creekwood, Series 2021A</name>
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        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A</name>
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        <name>Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016A</name>
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        <name>California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>California State, General Obligation Bonds, Refunding Various Purpose Series 2013</name>
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        <name>Los Angeles, California, Wastewater System Revenue Bonds, Green Subordinate Series 2018A</name>
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        <name>San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Refunding Subordinate Lien Series 2016B</name>
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        <name>California Infrastructure and Economic Development Bank Clean Water State Revolving Fund Revenue Bonds, Green Series 2018</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <name>CMFA Special Finance Agency I, California, Essential Housing Revenue Bonds, The Mix at Center City, Series 2021A-2</name>
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        <cusip>12574TAB3</cusip>
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        <name>San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Refunding Subordinate Lien Series 2016B</name>
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        <name>California Community Housing Agency, California, Essential Housing Revenue Bonds, Glendale Properties, Junior Series 2021A-2</name>
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        <name>California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A</title>
        <cusip>13048TP49</cusip>
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      <invstOrSec>
        <name>San Bernardino County, California, GNMA Mortgage-Backed Securities Program Single Family Home Mortgage Revenue Bonds, Series 1988A</name>
        <lei>254900RTS8DDNPA7MX91</lei>
        <title>San Bernardino County, California, GNMA Mortgage-Backed Securities Program Single Family Home Mortgage Revenue Bonds, Series 1988A</title>
        <cusip>796842BC5</cusip>
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        <invCountry>US</invCountry>

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        <name>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A</title>
        <cusip>13080SEV2</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area, Series 2003</name>
        <lei>N/A</lei>
        <title>Bell Community Redevelopment Agency, California, Tax Allocation Bonds, Bell Project Area, Series 2003</title>
        <cusip>077874CQ6</cusip>
        <identifiers>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017</name>
        <lei>N/A</lei>
        <title>Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017</title>
        <cusip>87972YFY7</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A</title>
        <cusip>13048VCD8</cusip>
        <identifiers>
          <isin value="US13048VCD82"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Carlsbad Unified School District, San Diego County, California, General Obligation Bonds, Series 2009B</name>
        <lei>N/A</lei>
        <title>Carlsbad Unified School District, San Diego County, California, General Obligation Bonds, Series 2009B</title>
        <cusip>142665CP1</cusip>
        <identifiers>
          <isin value="US142665CP13"/>
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        <balance>2100000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Artesia Redevelopment Agency, California, Tax Allocation Revenue Bonds, Artesia Redevelopment Project Area, Series 2007</name>
        <lei>N/A</lei>
        <title>Artesia Redevelopment Agency, California, Tax Allocation Revenue Bonds, Artesia Redevelopment Project Area, Series 2007</title>
        <cusip>04301TAM6</cusip>
        <identifiers>
          <isin value="US04301TAM62"/>
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        <balance>1000000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, Refunding Green Series 2017D</name>
        <lei>N/A</lei>
        <title>San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, Refunding Green Series 2017D</title>
        <cusip>79765R2P3</cusip>
        <identifiers>
          <isin value="US79765R2P32"/>
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        <balance>2090000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2018B</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2018B</title>
        <cusip>544525YG7</cusip>
        <identifiers>
          <isin value="US544525YG72"/>
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        <balance>4000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Senior Lien Series 2017A</name>
        <lei>54930051IHTXE1N9RB42</lei>
        <title>Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Senior Lien Series 2017A</title>
        <cusip>54466HFB7</cusip>
        <identifiers>
          <isin value="US54466HFB78"/>
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        <balance>2300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <pctVal>0.790056666208</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oxnard Union High School District, Ventura County, California, General Obligation Bonds, Election 2018 Series 2020B</name>
        <lei>N/A</lei>
        <title>Oxnard Union High School District, Ventura County, California, General Obligation Bonds, Election 2018 Series 2020B</title>
        <cusip>692039SA9</cusip>
        <identifiers>
          <isin value="US692039SA98"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>

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        <debtSec>
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      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose Series 2014</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2014</title>
        <cusip>13063CKX7</cusip>
        <identifiers>
          <isin value="US13063CKX73"/>
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        <balance>5000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <debtSec>
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      <invstOrSec>
        <name>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A</title>
        <cusip>544525WH7</cusip>
        <identifiers>
          <isin value="US544525WH73"/>
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        <balance>6000000.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A</name>
        <lei>N/A</lei>
        <title>Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A</title>
        <cusip>703380CJ2</cusip>
        <identifiers>
          <isin value="US703380CJ22"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016A</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016A</title>
        <cusip>13059TCR8</cusip>
        <identifiers>
          <isin value="US13059TCR86"/>
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        <balance>220000.00000000</balance>
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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>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California State, General Obligation Bonds, Various Purpose Series 2013</name>
        <lei>N/A</lei>
        <title>California State, General Obligation Bonds, Various Purpose Series 2013</title>
        <cusip>13063BQ88</cusip>
        <identifiers>
          <isin value="US13063BQ882"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2661850.00000000</valUSD>
        <pctVal>0.740630823918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B</title>
        <cusip>13032UXG8</cusip>
        <identifiers>
          <isin value="US13032UXG83"/>
        </identifiers>
        <balance>795000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>980338.35000000</valUSD>
        <pctVal>0.272768488036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</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 Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2019-2</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2019-2</title>
        <cusip>13033DAC9</cusip>
        <identifiers>
          <isin value="US13033DAC92"/>
        </identifiers>
        <balance>2260580.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2700761.18000000</valUSD>
        <pctVal>0.751457436726</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The International Organization for Standardization (ISO) country code included within Part C.5. of this filing may differ from that used for other purposes, such as for fund portfolio compliance purposes and for financial reporting purposes (i.e. the preparation of the fund's schedule of investments included within Part F of Form N-PORT and Form N-CSR." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen California Municipal Value Fund</ncom:nameOfApplicant>
      <ncom:signature>E. Scott Wickerham</ncom:signature>
      <ncom:signerName>E. Scott Wickerham</ncom:signerName>
      <ncom:title>Funds Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
