<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>
      
      <filer>
        <issuerCredentials>
          <cik>0001474365</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      
      
      <seriesClassInfo>
        <seriesId>S000027396</seriesId>
        <classId>C000082664</classId>
      </seriesClassInfo>
      
      
    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>CAPITAL GROUP PRIVATE CLIENT SERVICES FUNDS</regName>
      <regFileNumber>811-22349</regFileNumber>
      <regCik>0001474365</regCik>
      <regLei>5493007CHP7108OPZR26</regLei>
      <regStreet1>6455 Irvine Center Drive</regStreet1>
      <regCity>Irvine</regCity>
      <regStateConditional regCountry="US" regState="US-CA"/>
      <regZipOrPostalCode>92618</regZipOrPostalCode>
      <regPhone>9499755000</regPhone>
      <seriesName>Capital Group California Core Municipal Fund</seriesName>
      <seriesId>S000027396</seriesId>
      <seriesLei>549300R7LDOSZGPYBW80</seriesLei>
      <repPdEnd>2026-10-31</repPdEnd>
      <repPdDate>2026-04-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>709503599.570000000000</totAssets>
      <totLiabs>3883863.340000000000</totLiabs>
      <netAssets>705619736.230000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>1181683.960000000000</cshNotRptdInCorD>
      <curMetrics>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="-77427.279972200000" period1Yr="-28400.578696100000" period30Yr="-4414.148409400000" period3Mon="-4988.669195700000" period5Yr="-107673.302523300000"/>
          <intrstRtRiskdv100 period10Yr="-8042192.341306500000" period1Yr="-2903979.264746100000" period30Yr="-483029.328277700000" period3Mon="-501089.774480100000" period5Yr="-10945586.403170000000"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="-113644.240000000000" period1Yr="-35744.470000000000" period30Yr="-6349.210000000000" period3Mon="-1614.440000000000" period5Yr="-135453.830000000000"/>
      <creditSprdRiskNonInvstGrade period10Yr="-2141.140000000000" period1Yr="-2669.960000000000" period30Yr="-82.373168800000" period3Mon="-405.957117000000" period5Yr="-7231.890000000000"/>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000082664" rtn1="0.9631040000000000" rtn2="-2.149852" rtn3="0.6144199900000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <interestRtContracts>
            <mon1 netRealizedGain="127146.01" netUnrealizedAppr="-35968.26"/>
            <mon2 netRealizedGain="N/A" netUnrealizedAppr="-80103.68"/>
            <mon3 netRealizedGain="4275.24" netUnrealizedAppr="-32159.69"/>
            <futureCategory>
              <instrMon1 netRealizedGain="127146.01" netUnrealizedAppr="-35968.26"/>
              <instrMon2 netRealizedGain="N/A" netUnrealizedAppr="-80103.68"/>
              <instrMon3 netRealizedGain="4275.24" netUnrealizedAppr="-32159.69"/>
            </futureCategory>
          </interestRtContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="137688.56" netUnrealizedAppr="4936440.89"/>
        <othMon2 netRealizedGain="-41354.25" netUnrealizedAppr="-16771773.24"/>
        <othMon3 netRealizedGain="172857.31" netUnrealizedAppr="2240143.54"/>
      </returnInfo>
      <mon1Flow redemption="3404799.0500" reinvestment="1426801.0600" sales="6137534.7900"/>
      <mon2Flow redemption="12707558.0100" reinvestment="1555766.1300" sales="8069549.0100"/>
      <mon3Flow redemption="7743676.1900" reinvestment="1594683.9900" sales="7694482.0700"/>
      
      <varInfo>
        
        <fundsDesignatedInfo>
          <nameDesignatedIndex>Bloomberg California Short-Intermediate Municipal Index</nameDesignatedIndex>
          <indexIdentifier>I00770US</indexIdentifier>
          
        </fundsDesignatedInfo>
        
      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-35</title>
        <cusip>544532KF0</cusip>
        <identifiers>
          <isin value="US544532KF05"/>
          <other otherDesc="CG Symbol" value="FXL161133"/>
        </identifiers>
        <balance>900000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001809.80</valUSD>
        <pctVal>0.1419758758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT 5.0% 07-01-30</title>
        <cusip>544647HM5</cusip>
        <identifiers>
          <isin value="US544647HM52"/>
          <other otherDesc="CG Symbol" value="FXL162696"/>
        </identifiers>
        <balance>765000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841740.21</valUSD>
        <pctVal>0.1192909108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE 5.0% 07-01-37</title>
        <cusip>544525X78</cusip>
        <identifiers>
          <isin value="US544525X784"/>
          <other otherDesc="CG Symbol" value="FXL163699"/>
        </identifiers>
        <balance>5035000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5555392.43</valUSD>
        <pctVal>0.7873068375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-32</title>
        <cusip>544532RU0</cusip>
        <identifiers>
          <isin value="US544532RU09"/>
          <other otherDesc="CG Symbol" value="FXL213372"/>
        </identifiers>
        <balance>3145000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3485009.10</valUSD>
        <pctVal>0.4938933708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ANTELOPE VLY CA CCD</name>
        <lei>N/A</lei>
        <title>ANTELOPE VALLEY COMMUNITY COLLEGE DISTRICT 0.0% 08-01-29</title>
        <cusip>03667PJC7</cusip>
        <identifiers>
          <isin value="US03667PJC77"/>
          <other otherDesc="CG Symbol" value="FXA144029"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>913184.00</valUSD>
        <pctVal>0.1294158813</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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>ANAHEIM CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>ANAHEIM UNION HIGH SCHOOL DISTRICT NATL 0.0% 08-01-28</title>
        <cusip>032591NQ8</cusip>
        <identifiers>
          <isin value="US032591NQ86"/>
          <other otherDesc="CG Symbol" value="FXA156448"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>944825.00</valUSD>
        <pctVal>0.1339000245</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>ALHAMBRA CALIF</name>
        <lei>N/A</lei>
        <title>ALHAMBRA CA ATHERTON CA MTG 5.0% 01-01-27</title>
        <cusip>016021BB2</cusip>
        <identifiers>
          <isin value="US016021BB23"/>
          <other otherDesc="CG Symbol" value="FXA19936"/>
        </identifiers>
        <balance>1130000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1144851.59</valUSD>
        <pctVal>0.1622476713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ANTELOPE VLY CA CCD</name>
        <lei>N/A</lei>
        <title>ANTELOPE VALLEY COMMUNITY COLLEGE DISTRICT 4.0% 08-01-46</title>
        <cusip>03667PFF4</cusip>
        <identifiers>
          <isin value="US03667PFF45"/>
          <other otherDesc="CG Symbol" value="FXA73640"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1012186.00</valUSD>
        <pctVal>0.1434463845</pctVal>
        <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>4.000000000000</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>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY (MPT) FRN 04-01-56</title>
        <cusip>072024XT4</cusip>
        <identifiers>
          <isin value="US072024XT43"/>
          <other otherDesc="CG Symbol" value="FXB132661"/>
        </identifiers>
        <balance>1895000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1888164.74</valUSD>
        <pctVal>0.2675895589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.390000000000</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>BURBANK CALIF UNI SCH DIST</name>
        <lei>54930068ZHOQ5PICU256</lei>
        <title>BURBANK UNIFIED SCHOOL DISTRICT NATL 0.0% 07-01-27</title>
        <cusip>12082SAZ7</cusip>
        <identifiers>
          <isin value="US12082SAZ74"/>
          <other otherDesc="CG Symbol" value="FXB147922"/>
        </identifiers>
        <balance>1500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1455123.00</valUSD>
        <pctVal>0.2062191468</pctVal>
        <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>0.000000000000</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>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY FRN 04-01-55</title>
        <cusip>072024YF3</cusip>
        <identifiers>
          <isin value="US072024YF30"/>
          <other otherDesc="CG Symbol" value="FXB155101"/>
        </identifiers>
        <balance>7225000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7225000.00</valUSD>
        <pctVal>1.0239226072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.100000000000</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>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY 5.0% 04-01-40</title>
        <cusip>072024A51</cusip>
        <identifiers>
          <isin value="US072024A513"/>
          <other otherDesc="CG Symbol" value="FXB164662"/>
        </identifiers>
        <balance>860000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>945175.26</valUSD>
        <pctVal>0.1339496632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY FRN 04-01-59</title>
        <cusip>072024YY2</cusip>
        <identifiers>
          <isin value="US072024YY29"/>
          <other otherDesc="CG Symbol" value="FXB202282"/>
        </identifiers>
        <balance>2400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2400000.00</valUSD>
        <pctVal>0.3401265408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.000000000000</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>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY (MPT) 5.0% 04-01-61</title>
        <cusip>072024L34</cusip>
        <identifiers>
          <isin value="US072024L346"/>
          <other otherDesc="CG Symbol" value="FXB210814"/>
        </identifiers>
        <balance>3845000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4373968.19</valUSD>
        <pctVal>0.6198761125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM</name>
        <lei>N/A</lei>
        <title>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM 5.5% 12-01-52</title>
        <cusip>130658ST5</cusip>
        <identifiers>
          <isin value="US130658ST56"/>
          <other otherDesc="CG Symbol" value="FXC143116"/>
        </identifiers>
        <balance>1965000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2075146.11</valUSD>
        <pctVal>0.2940884450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PALOMAR HEALTH OBLIGATED GROUP AG 5.0% 11-01-28</title>
        <cusip>130493CB3</cusip>
        <identifiers>
          <isin value="US130493CB38"/>
          <other otherDesc="CG Symbol" value="FXC143465"/>
        </identifiers>
        <balance>125000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129264.88</valUSD>
        <pctVal>0.0183193402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 12-01-53</title>
        <cusip>13013JBL9</cusip>
        <identifiers>
          <isin value="US13013JBL98"/>
          <other otherDesc="CG Symbol" value="FXC145123"/>
        </identifiers>
        <balance>3945000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4124217.41</valUSD>
        <pctVal>0.5844815838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 UNIVERSITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE UNIVERSITY (MPT) 0.55% 11-01-49</title>
        <cusip>13077C4K7</cusip>
        <identifiers>
          <isin value="US13077C4K77"/>
          <other otherDesc="CG Symbol" value="FXC16821"/>
        </identifiers>
        <balance>1980000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1954943.10</valUSD>
        <pctVal>0.2770533475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.550000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>AMERICAN HERITAGE 4.0% 06-01-26</title>
        <cusip>13049AAE3</cusip>
        <identifiers>
          <isin value="US13049AAE38"/>
          <other otherDesc="CG Symbol" value="FXC17307"/>
        </identifiers>
        <balance>45000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44983.85</valUSD>
        <pctVal>0.0063750839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-29</title>
        <cusip>13063EDB9</cusip>
        <identifiers>
          <isin value="US13063EDB92"/>
          <other otherDesc="CG Symbol" value="FXC181637"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>539332.50</valUSD>
        <pctVal>0.0764338740</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>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTHORITY 4.0% 04-01-31</title>
        <cusip>072024VE9</cusip>
        <identifiers>
          <isin value="US072024VE91"/>
          <other otherDesc="CG Symbol" value="FXB78799"/>
        </identifiers>
        <balance>2040000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2063549.76</valUSD>
        <pctVal>0.2924450173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-27</title>
        <cusip>13059TFQ7</cusip>
        <identifiers>
          <isin value="US13059TFQ76"/>
          <other otherDesc="CG Symbol" value="FXC100139"/>
        </identifiers>
        <balance>220000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223831.96</valUSD>
        <pctVal>0.0317213293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-29</title>
        <cusip>13063ECJ3</cusip>
        <identifiers>
          <isin value="US13063ECJ38"/>
          <other otherDesc="CG Symbol" value="FXC181661"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>539332.50</valUSD>
        <pctVal>0.0764338740</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>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>ESKATON PROPERTIES INC OBLIGATED GROUP 5.0% 11-15-30</title>
        <cusip>13048VY69</cusip>
        <identifiers>
          <isin value="US13048VY695"/>
          <other otherDesc="CG Symbol" value="FXC181901"/>
        </identifiers>
        <balance>1050000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1124454.45</valUSD>
        <pctVal>0.1593570010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>ESKATON PROPERTIES INC OBLIGATED GROUP 5.0% 11-15-31</title>
        <cusip>13048VY77</cusip>
        <identifiers>
          <isin value="US13048VY778"/>
          <other otherDesc="CG Symbol" value="FXC181903"/>
        </identifiers>
        <balance>1105000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1194794.51</valUSD>
        <pctVal>0.1693255515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 08-01-55</title>
        <cusip>13013JEB8</cusip>
        <identifiers>
          <isin value="US13013JEB89"/>
          <other otherDesc="CG Symbol" value="FXC183323"/>
        </identifiers>
        <balance>7795000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8133614.80</valUSD>
        <pctVal>1.1526909442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY COMMUNITY FACILITIES DISTRICT NO 2022-8 5.0% 09-01-39</title>
        <cusip>13051AJN9</cusip>
        <identifiers>
          <isin value="US13051AJN90"/>
          <other otherDesc="CG Symbol" value="FXC183885"/>
        </identifiers>
        <balance>680000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>707166.68</valUSD>
        <pctVal>0.1002192319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY COMMUNITY FACILITIES DISTRICT NO 2022-8 4.0% 09-01-34</title>
        <cusip>13051AJM1</cusip>
        <identifiers>
          <isin value="US13051AJM18"/>
          <other otherDesc="CG Symbol" value="FXC183886"/>
        </identifiers>
        <balance>350000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>351009.05</valUSD>
        <pctVal>0.0497447892</pctVal>
        <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>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-31</title>
        <cusip>13048V2G2</cusip>
        <identifiers>
          <isin value="US13048V2G27"/>
          <other otherDesc="CG Symbol" value="FXC183973"/>
        </identifiers>
        <balance>210000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225857.73</valUSD>
        <pctVal>0.0320084202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 86 4.0% 09-01-26</title>
        <cusip>344630VS4</cusip>
        <identifiers>
          <isin value="US344630VS45"/>
          <other otherDesc="CG Symbol" value="FXF108155"/>
        </identifiers>
        <balance>100000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100282.70</valUSD>
        <pctVal>0.0142120033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 86 4.0% 09-01-27</title>
        <cusip>344630VT2</cusip>
        <identifiers>
          <isin value="US344630VT28"/>
          <other otherDesc="CG Symbol" value="FXF108157"/>
        </identifiers>
        <balance>120000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121365.24</valUSD>
        <pctVal>0.0171998080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
        <lei>N/A</lei>
        <title>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY BAM 5.0% 05-01-27</title>
        <cusip>34637QAK8</cusip>
        <identifiers>
          <isin value="US34637QAK85"/>
          <other otherDesc="CG Symbol" value="FXF115465"/>
        </identifiers>
        <balance>650000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>664978.60</valUSD>
        <pctVal>0.0942403629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-26</title>
        <cusip>13059TFP9</cusip>
        <identifiers>
          <isin value="US13059TFP93"/>
          <other otherDesc="CG Symbol" value="FXC100140"/>
        </identifiers>
        <balance>315000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>315515.66</valUSD>
        <pctVal>0.0447146875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CARSON PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF CARSON CA REASSESSMENT DISTRICT NO 2001-1 5.0% 09-02-29</title>
        <cusip>14601GBV9</cusip>
        <identifiers>
          <isin value="US14601GBV95"/>
          <other otherDesc="CG Symbol" value="FXC100873"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1055858.00</valUSD>
        <pctVal>0.1496355538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FONTANA CALIF PUB FING AUTH</name>
        <lei>N/A</lei>
        <title>FONTANA PUBLIC FACILITIES FINANCING AUTHORITY 4.0% 09-01-27</title>
        <cusip>34461HAF0</cusip>
        <identifiers>
          <isin value="US34461HAF01"/>
          <other otherDesc="CG Symbol" value="FXF126346"/>
        </identifiers>
        <balance>625000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>630072.50</valUSD>
        <pctVal>0.0892934916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>FONTANA CALIF PUB FING AUTH</name>
        <lei>N/A</lei>
        <title>FONTANA PUBLIC FACILITIES FINANCING AUTHORITY 4.0% 09-01-29</title>
        <cusip>34461HAH6</cusip>
        <identifiers>
          <isin value="US34461HAH66"/>
          <other otherDesc="CG Symbol" value="FXF126347"/>
        </identifiers>
        <balance>390000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>397559.37</valUSD>
        <pctVal>0.0563418722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 109 5.0% 09-01-27</title>
        <cusip>344630L71</cusip>
        <identifiers>
          <isin value="US344630L714"/>
          <other otherDesc="CG Symbol" value="FXF183645"/>
        </identifiers>
        <balance>615000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>629962.34</valUSD>
        <pctVal>0.0892778798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 109 5.0% 09-01-26</title>
        <cusip>344630L63</cusip>
        <identifiers>
          <isin value="US344630L631"/>
          <other otherDesc="CG Symbol" value="FXF183652"/>
        </identifiers>
        <balance>585000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>588475.49</valUSD>
        <pctVal>0.0833983886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-27</title>
        <cusip>345105JN1</cusip>
        <identifiers>
          <isin value="US345105JN15"/>
          <other otherDesc="CG Symbol" value="FXF183879"/>
        </identifiers>
        <balance>350000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355740.35</valUSD>
        <pctVal>0.0504153061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-28</title>
        <cusip>345105JP6</cusip>
        <identifiers>
          <isin value="US345105JP62"/>
          <other otherDesc="CG Symbol" value="FXF183880"/>
        </identifiers>
        <balance>320000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>332953.60</valUSD>
        <pctVal>0.0471859818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-29</title>
        <cusip>345105JQ4</cusip>
        <identifiers>
          <isin value="US345105JQ46"/>
          <other otherDesc="CG Symbol" value="FXF183881"/>
        </identifiers>
        <balance>360000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>381774.24</valUSD>
        <pctVal>0.0541048132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>IRVINE CALIF UNI SCH DIST</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>IRVINE UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 09-1 5.0% 09-01-26</title>
        <cusip>463612HR5</cusip>
        <identifiers>
          <isin value="US463612HR51"/>
          <other otherDesc="CG Symbol" value="FXI76065"/>
        </identifiers>
        <balance>385000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>387209.90</valUSD>
        <pctVal>0.0548751516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>JURUPA CALIF PUB FING AUTH REV</name>
        <lei>N/A</lei>
        <title>JURUPA PUBLIC FINANCING AUTHORITY BAM 4.0% 09-01-27</title>
        <cusip>482085EN3</cusip>
        <identifiers>
          <isin value="US482085EN31"/>
          <other otherDesc="CG Symbol" value="FXJ111541"/>
        </identifiers>
        <balance>1615000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1649317.14</valUSD>
        <pctVal>0.2337402223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>JURUPA CALIF UNI SCH DIST FIN AUTH</name>
        <lei>N/A</lei>
        <title>JURUPA UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY BAM 4.0% 09-01-29</title>
        <cusip>482129AH6</cusip>
        <identifiers>
          <isin value="US482129AH64"/>
          <other otherDesc="CG Symbol" value="FXJ131998"/>
        </identifiers>
        <balance>335000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>349447.21</valUSD>
        <pctVal>0.0495234461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>JURUPA CALIF UNI SCH DIST FIN AUTH</name>
        <lei>N/A</lei>
        <title>JURUPA UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY BAM 4.0% 09-01-31</title>
        <cusip>482129AK9</cusip>
        <identifiers>
          <isin value="US482129AK93"/>
          <other otherDesc="CG Symbol" value="FXJ132004"/>
        </identifiers>
        <balance>375000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394983.75</valUSD>
        <pctVal>0.0559768569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>KERN COMMUNITY COLLEGE SCHOOL FACILITIES IMPROVEMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>KERN COMMUNITY COLLEGE SCHOOL FACILITIES IMPROVEMENT DISTRICT 5.0% 08-01-29</title>
        <cusip>49224RCT2</cusip>
        <identifiers>
          <isin value="US49224RCT23"/>
          <other otherDesc="CG Symbol" value="FXK202696"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>815367.00</valUSD>
        <pctVal>0.1155533155</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>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-28</title>
        <cusip>13048VKN7</cusip>
        <identifiers>
          <isin value="US13048VKN72"/>
          <other otherDesc="CG Symbol" value="FXC101862"/>
        </identifiers>
        <balance>1600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1604468.80</valUSD>
        <pctVal>0.2273843428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>CENTRAL VALLEY ENERGY AUTH CALIF</name>
        <lei>254900G5IPQ9MA3FRJ55</lei>
        <title>CENTRAL VALLEY ENERGY AUTHORITY (MPT) 5.0% 12-01-55</title>
        <cusip>15569DAA0</cusip>
        <identifiers>
          <isin value="US15569DAA00"/>
          <other otherDesc="CG Symbol" value="FXC187637"/>
        </identifiers>
        <balance>3585000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3827754.69</valUSD>
        <pctVal>0.5424670674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR</name>
        <lei>N/A</lei>
        <title>CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-39</title>
        <cusip>544445MW6</cusip>
        <identifiers>
          <isin value="US544445MW65"/>
          <other otherDesc="CG Symbol" value="FXL100747"/>
        </identifiers>
        <balance>1130000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1187658.25</valUSD>
        <pctVal>0.1683142051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE 5.0% 07-01-28</title>
        <cusip>544525YZ5</cusip>
        <identifiers>
          <isin value="US544525YZ53"/>
          <other otherDesc="CG Symbol" value="FXL111333"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>784368.75</valUSD>
        <pctVal>0.1111602624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>WILDOMAR FAMILY HOUSING LP (MPT) 3.05% 12-01-64</title>
        <cusip>130483HT0</cusip>
        <identifiers>
          <isin value="US130483HT01"/>
          <other otherDesc="CG Symbol" value="FXC190095"/>
        </identifiers>
        <balance>1075000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1077324.15</valUSD>
        <pctVal>0.1526777235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.050000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 01-01-56</title>
        <cusip>13013JFX9</cusip>
        <identifiers>
          <isin value="US13013JFX90"/>
          <other otherDesc="CG Symbol" value="FXC190508"/>
        </identifiers>
        <balance>3370000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3465374.37</valUSD>
        <pctVal>0.4911107488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LA HABRA CALIF CITY SCH DIST</name>
        <lei>N/A</lei>
        <title>LA HABRA CITY SCHOOL DISTRICT AG 0.0% 08-01-26</title>
        <cusip>503426PM4</cusip>
        <identifiers>
          <isin value="US503426PM48"/>
          <other otherDesc="CG Symbol" value="FXL95790"/>
        </identifiers>
        <balance>1010000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1003472.37</valUSD>
        <pctVal>0.1422114942</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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>LONG BEACH CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LONG BEACH COMMUNITY COLLEGE DISTRICT AG 0.0% 06-01-27</title>
        <cusip>542411JF1</cusip>
        <identifiers>
          <isin value="US542411JF16"/>
          <other otherDesc="CG Symbol" value="FXL96292"/>
        </identifiers>
        <balance>3865000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3758681.58</valUSD>
        <pctVal>0.5326780682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-33</title>
        <cusip>5444955V2</cusip>
        <identifiers>
          <isin value="US5444955V27"/>
          <other otherDesc="CG Symbol" value="FXL96351"/>
        </identifiers>
        <balance>935000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>971375.24</valUSD>
        <pctVal>0.1376627084</pctVal>
        <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>5.000000000000</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>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT 3.0% 01-01-34</title>
        <cusip>544647BB5</cusip>
        <identifiers>
          <isin value="US544647BB51"/>
          <other otherDesc="CG Symbol" value="FXL99661"/>
        </identifiers>
        <balance>4780000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4755641.12</valUSD>
        <pctVal>0.6739665681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>MADERA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MADERA UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-29</title>
        <cusip>556452DB3</cusip>
        <identifiers>
          <isin value="US556452DB32"/>
          <other otherDesc="CG Symbol" value="FXM108803"/>
        </identifiers>
        <balance>585000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533870.42</valUSD>
        <pctVal>0.0756597913</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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>MENIFEE CALIF UN SCH DIST</name>
        <lei>N/A</lei>
        <title>MENIFEE UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 2011-1 AREA NO 5 4.0% 09-01-28</title>
        <cusip>5868103V3</cusip>
        <identifiers>
          <isin value="US5868103V36"/>
          <other otherDesc="CG Symbol" value="FXM132515"/>
        </identifiers>
        <balance>275000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>279109.05</valUSD>
        <pctVal>0.0395551649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>MERCED CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>MERCED UNION HIGH SCHOOL DISTRICT 0.0% 08-01-33</title>
        <cusip>587635EU3</cusip>
        <identifiers>
          <isin value="US587635EU33"/>
          <other otherDesc="CG Symbol" value="FXM133153"/>
        </identifiers>
        <balance>615000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>497302.53</valUSD>
        <pctVal>0.0704774122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAIN VIEW LOS ALTOS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>MOUNTAIN VIEW LOS ALTOS UNION HIGH SCHOOL DISTRICT 4.0% 08-01-31</title>
        <cusip>624454MW1</cusip>
        <identifiers>
          <isin value="US624454MW14"/>
          <other otherDesc="CG Symbol" value="FXM138166"/>
        </identifiers>
        <balance>2465000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2653651.38</valUSD>
        <pctVal>0.3760738601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA</name>
        <lei>5493003GD0S0P56RLT45</lei>
        <title>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA 5.0% 07-01-34</title>
        <cusip>59266TVF5</cusip>
        <identifiers>
          <isin value="US59266TVF55"/>
          <other otherDesc="CG Symbol" value="FXM139961"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>571108.50</valUSD>
        <pctVal>0.0809371494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA</name>
        <lei>5493003GD0S0P56RLT45</lei>
        <title>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA 5.0% 07-01-33</title>
        <cusip>59266TVE8</cusip>
        <identifiers>
          <isin value="US59266TVE80"/>
          <other otherDesc="CG Symbol" value="FXM139963"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>573256.50</valUSD>
        <pctVal>0.0812415626</pctVal>
        <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>5.000000000000</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>MOUNT DIABLO UNIFIED SCHOOL DISTRICT/CA</name>
        <lei>N/A</lei>
        <title>MOUNT DIABLO UNIFIED SCHOOL DISTRICT 5.0% 06-01-31</title>
        <cusip>621196S54</cusip>
        <identifiers>
          <isin value="US621196S541"/>
          <other otherDesc="CG Symbol" value="FXM148427"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1125953.00</valUSD>
        <pctVal>0.1595693746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>MODESTO CALIF IRR DIST</name>
        <lei>S6U6XLZ7IOWYIG8C8H50</lei>
        <title>MODESTO IRRIGATION DISTRICT ELECTRIC SYSTEM REVENUE 5.0% 10-01-34</title>
        <cusip>607767CX6</cusip>
        <identifiers>
          <isin value="US607767CX61"/>
          <other otherDesc="CG Symbol" value="FXM148488"/>
        </identifiers>
        <balance>700000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>802394.60</valUSD>
        <pctVal>0.1137148749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>MODESTO CALIF IRR DIST</name>
        <lei>S6U6XLZ7IOWYIG8C8H50</lei>
        <title>MODESTO IRRIGATION DISTRICT ELECTRIC SYSTEM REVENUE 5.0% 10-01-31</title>
        <cusip>607767CU2</cusip>
        <identifiers>
          <isin value="US607767CU23"/>
          <other otherDesc="CG Symbol" value="FXM148490"/>
        </identifiers>
        <balance>900000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1012377.60</valUSD>
        <pctVal>0.1434735379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>MORENO VY CALIF UNI SCH DIST FING AUTH</name>
        <lei>N/A</lei>
        <title>MORENO VALLEY UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY AG 5.0% 09-01-35</title>
        <cusip>61687LCH6</cusip>
        <identifiers>
          <isin value="US61687LCH69"/>
          <other otherDesc="CG Symbol" value="FXM160081"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>570924.50</valUSD>
        <pctVal>0.0809110730</pctVal>
        <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>5.000000000000</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>MORENO VY CALIF UNI SCH DIST FING AUTH</name>
        <lei>N/A</lei>
        <title>MORENO VALLEY UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY AG 5.0% 09-01-34</title>
        <cusip>61687LCG8</cusip>
        <identifiers>
          <isin value="US61687LCG86"/>
          <other otherDesc="CG Symbol" value="FXM160083"/>
        </identifiers>
        <balance>1250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1436183.75</valUSD>
        <pctVal>0.2035350878</pctVal>
        <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>5.000000000000</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>MERCED CALIF IRR DIST</name>
        <lei>YNH41OTIRKLVV8VYX386</lei>
        <title>MERCED IRRIGATION DISTRICT AG 5.0% 10-01-28</title>
        <cusip>587616CJ0</cusip>
        <identifiers>
          <isin value="US587616CJ09"/>
          <other otherDesc="CG Symbol" value="FXM16219"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253597.25</valUSD>
        <pctVal>0.0359396481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA</name>
        <lei>5493003GD0S0P56RLT45</lei>
        <title>METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA (MPT) 5.0% 07-01-37</title>
        <cusip>59266TXR7</cusip>
        <identifiers>
          <isin value="US59266TXR75"/>
          <other otherDesc="CG Symbol" value="FXM164650"/>
        </identifiers>
        <balance>1875000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2050494.38</valUSD>
        <pctVal>0.2905948168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>MURRIETA VY CALIF UNI SCH DIST PUB FING AUTH</name>
        <lei>N/A</lei>
        <title>MURRIETA VALLEY UNIFIED SCHOOL DISTRICT PUBLIC FINANCING AUTHORITY 5.0% 09-01-30</title>
        <cusip>62719TCB2</cusip>
        <identifiers>
          <isin value="US62719TCB26"/>
          <other otherDesc="CG Symbol" value="FXM18188"/>
        </identifiers>
        <balance>525000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>527783.55</valUSD>
        <pctVal>0.0747971638</pctVal>
        <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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-29</title>
        <cusip>56453TAQ3</cusip>
        <identifiers>
          <isin value="US56453TAQ31"/>
          <other otherDesc="CG Symbol" value="FXM183861"/>
        </identifiers>
        <balance>65000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67667.21</valUSD>
        <pctVal>0.0095897559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-33</title>
        <cusip>56453TAU4</cusip>
        <identifiers>
          <isin value="US56453TAU43"/>
          <other otherDesc="CG Symbol" value="FXM183862"/>
        </identifiers>
        <balance>130000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138189.22</valUSD>
        <pctVal>0.0195840922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH SOUTHN CALIF</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY TOBACCO ASSET SECURITIZATION CORP 5.0% 06-01-32</title>
        <cusip>888804CH2</cusip>
        <identifiers>
          <isin value="US888804CH21"/>
          <other otherDesc="CG Symbol" value="FXT105098"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267439.75</valUSD>
        <pctVal>0.0379013988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH SOUTHN CALIF</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY TOBACCO ASSET SECURITIZATION CORP 5.0% 06-01-31</title>
        <cusip>888804CG4</cusip>
        <identifiers>
          <isin value="US888804CG48"/>
          <other otherDesc="CG Symbol" value="FXT105442"/>
        </identifiers>
        <balance>215000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>230519.78</valUSD>
        <pctVal>0.0326691231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-27</title>
        <cusip>89356CAD8</cusip>
        <identifiers>
          <isin value="US89356CAD83"/>
          <other otherDesc="CG Symbol" value="FXT111844"/>
        </identifiers>
        <balance>600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>613615.20</valUSD>
        <pctVal>0.0869611731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>BIOLA UNIVERSITY INC 5.0% 10-01-26</title>
        <cusip>13048TV75</cusip>
        <identifiers>
          <isin value="US13048TV752"/>
          <other otherDesc="CG Symbol" value="FXC105638"/>
        </identifiers>
        <balance>1050000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1058182.65</valUSD>
        <pctVal>0.1499650018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CHINO HILLS FINANCING AUTHORITY 5.0% 09-01-30</title>
        <cusip>16957RCH0</cusip>
        <identifiers>
          <isin value="US16957RCH03"/>
          <other otherDesc="CG Symbol" value="FXC105704"/>
        </identifiers>
        <balance>60000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63826.38</valUSD>
        <pctVal>0.0090454358</pctVal>
        <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>5.000000000000</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>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CHINO HILLS FINANCING AUTHORITY 5.0% 09-01-29</title>
        <cusip>16957RCG2</cusip>
        <identifiers>
          <isin value="US16957RCG20"/>
          <other otherDesc="CG Symbol" value="FXC105705"/>
        </identifiers>
        <balance>225000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>236759.18</valUSD>
        <pctVal>0.0335533670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CHINO HILLS FINANCING AUTHORITY 5.0% 09-01-27</title>
        <cusip>16957RCE7</cusip>
        <identifiers>
          <isin value="US16957RCE71"/>
          <other otherDesc="CG Symbol" value="FXC105706"/>
        </identifiers>
        <balance>430000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>438933.68</valUSD>
        <pctVal>0.0622054143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 5.0% 06-01-32</title>
        <cusip>54466HJV9</cusip>
        <identifiers>
          <isin value="US54466HJV96"/>
          <other otherDesc="CG Symbol" value="FXL113960"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1095809.00</valUSD>
        <pctVal>0.1552973852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE 4.0% 07-01-30</title>
        <cusip>544525ZQ4</cusip>
        <identifiers>
          <isin value="US544525ZQ46"/>
          <other otherDesc="CG Symbol" value="FXL114171"/>
        </identifiers>
        <balance>1465000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1523575.10</valUSD>
        <pctVal>0.2159201368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE 5.0% 07-01-36</title>
        <cusip>544525ZW1</cusip>
        <identifiers>
          <isin value="US544525ZW14"/>
          <other otherDesc="CG Symbol" value="FXL117781"/>
        </identifiers>
        <balance>805000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>854809.38</valUSD>
        <pctVal>0.1211430656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR</name>
        <lei>N/A</lei>
        <title>CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS 5.0% 05-15-31</title>
        <cusip>544445TF6</cusip>
        <identifiers>
          <isin value="US544445TF69"/>
          <other otherDesc="CG Symbol" value="FXL119057"/>
        </identifiers>
        <balance>420000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>472531.92</valUSD>
        <pctVal>0.0669669364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN DIEGO REG AIRPORT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 5.0% 07-01-28</title>
        <cusip>79739GKS4</cusip>
        <identifiers>
          <isin value="US79739GKS48"/>
          <other otherDesc="CG Symbol" value="FXS105700"/>
        </identifiers>
        <balance>320000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>338752.96</valUSD>
        <pctVal>0.0480078635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN DIEGO REG AIRPORT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 5.0% 07-01-29</title>
        <cusip>79739GKT2</cusip>
        <identifiers>
          <isin value="US79739GKT21"/>
          <other otherDesc="CG Symbol" value="FXS105701"/>
        </identifiers>
        <balance>585000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>634050.50</valUSD>
        <pctVal>0.0898572514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 4.0% 08-01-27</title>
        <cusip>785870ZD1</cusip>
        <identifiers>
          <isin value="US785870ZD17"/>
          <other otherDesc="CG Symbol" value="FXS106109"/>
        </identifiers>
        <balance>585000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>596407.50</valUSD>
        <pctVal>0.0845225083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 4.0% 08-01-28</title>
        <cusip>785870ZE9</cusip>
        <identifiers>
          <isin value="US785870ZE99"/>
          <other otherDesc="CG Symbol" value="FXS106110"/>
        </identifiers>
        <balance>610000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>630618.61</valUSD>
        <pctVal>0.0893708860</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-29</title>
        <cusip>13048VKP2</cusip>
        <identifiers>
          <isin value="US13048VKP21"/>
          <other otherDesc="CG Symbol" value="FXC101863"/>
        </identifiers>
        <balance>1135000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1138106.50</valUSD>
        <pctVal>0.1612917612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CHINO HILLS FINANCING AUTHORITY 5.0% 09-01-28</title>
        <cusip>16957RCF4</cusip>
        <identifiers>
          <isin value="US16957RCF47"/>
          <other otherDesc="CG Symbol" value="FXC105707"/>
        </identifiers>
        <balance>355000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>368450.95</valUSD>
        <pctVal>0.0522166446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CHINO HILLS FINANCING AUTHORITY 5.0% 09-01-26</title>
        <cusip>16957RCD9</cusip>
        <identifiers>
          <isin value="US16957RCD98"/>
          <other otherDesc="CG Symbol" value="FXC105708"/>
        </identifiers>
        <balance>780000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>783617.64</valUSD>
        <pctVal>0.1110538155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-35</title>
        <cusip>13048VKV9</cusip>
        <identifiers>
          <isin value="US13048VKV98"/>
          <other otherDesc="CG Symbol" value="FXC101864"/>
        </identifiers>
        <balance>1175000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1175753.18</valUSD>
        <pctVal>0.1666270258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-31</title>
        <cusip>13048VKR8</cusip>
        <identifiers>
          <isin value="US13048VKR86"/>
          <other otherDesc="CG Symbol" value="FXC101875"/>
        </identifiers>
        <balance>610000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>611452.41</valUSD>
        <pctVal>0.0866546638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-30</title>
        <cusip>13048VKQ0</cusip>
        <identifiers>
          <isin value="US13048VKQ04"/>
          <other otherDesc="CG Symbol" value="FXC101876"/>
        </identifiers>
        <balance>2510000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2516387.95</valUSD>
        <pctVal>0.3566209703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>COMPTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>COMPTON UNIFIED SCHOOL DISTRICT BAM 0.0% 06-01-33</title>
        <cusip>204736FE7</cusip>
        <identifiers>
          <isin value="US204736FE73"/>
          <other otherDesc="CG Symbol" value="FXC102313"/>
        </identifiers>
        <balance>1750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1369252.50</valUSD>
        <pctVal>0.1940496318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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 INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-30</title>
        <cusip>13035AAL3</cusip>
        <identifiers>
          <isin value="US13035AAL35"/>
          <other otherDesc="CG Symbol" value="FXC102361"/>
        </identifiers>
        <balance>340000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>356804.16</valUSD>
        <pctVal>0.0505660686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-29</title>
        <cusip>13035AAK5</cusip>
        <identifiers>
          <isin value="US13035AAK51"/>
          <other otherDesc="CG Symbol" value="FXC102362"/>
        </identifiers>
        <balance>140000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>147155.54</valUSD>
        <pctVal>0.0208547937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-27</title>
        <cusip>13035AAH2</cusip>
        <identifiers>
          <isin value="US13035AAH23"/>
          <other otherDesc="CG Symbol" value="FXC102363"/>
        </identifiers>
        <balance>110000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113090.01</valUSD>
        <pctVal>0.0160270475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-28</title>
        <cusip>13035AAJ8</cusip>
        <identifiers>
          <isin value="US13035AAJ88"/>
          <other otherDesc="CG Symbol" value="FXC102365"/>
        </identifiers>
        <balance>375000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394679.63</valUSD>
        <pctVal>0.0559337572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 11-01-32</title>
        <cusip>13063DSD1</cusip>
        <identifiers>
          <isin value="US13063DSD11"/>
          <other otherDesc="CG Symbol" value="FXC105770"/>
        </identifiers>
        <balance>1270000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1343097.39</valUSD>
        <pctVal>0.1903429455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CLOVIS CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>CLOVIS UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-30</title>
        <cusip>189342WE4</cusip>
        <identifiers>
          <isin value="US189342WE48"/>
          <other otherDesc="CG Symbol" value="FXC106776"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>890198.00</valUSD>
        <pctVal>0.1261583193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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 INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>EQUITABLE SCHOOL REVOLVING FUND LLC OBLIGATED GROUP 5.0% 11-01-26</title>
        <cusip>13035AAG4</cusip>
        <identifiers>
          <isin value="US13035AAG40"/>
          <other otherDesc="CG Symbol" value="FXC102366"/>
        </identifiers>
        <balance>125000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126162.88</valUSD>
        <pctVal>0.0178797266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>LUCILE SALTER PACKARD CHILDREN'S HOSPITAL AT STANFORD OBLIGATED GROUP 5.0% 05-15-26</title>
        <cusip>13032UYP7</cusip>
        <identifiers>
          <isin value="US13032UYP73"/>
          <other otherDesc="CG Symbol" value="FXC121627"/>
        </identifiers>
        <balance>830000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>830765.26</valUSD>
        <pctVal>0.1177355475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>J PAUL GETTY TRUST 4.0% 04-01-30</title>
        <cusip>13034AF88</cusip>
        <identifiers>
          <isin value="US13034AF888"/>
          <other otherDesc="CG Symbol" value="FXC109166"/>
        </identifiers>
        <balance>825000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>876713.48</valUSD>
        <pctVal>0.1242473013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 4.0% 03-01-28</title>
        <cusip>13063DTB4</cusip>
        <identifiers>
          <isin value="US13063DTB46"/>
          <other otherDesc="CG Symbol" value="FXC109295"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>772478.25</valUSD>
        <pctVal>0.1094751479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>O'CONNOR WOODS HOUSING CORP CA MTG INS 4.0% 01-01-28</title>
        <cusip>13057EES9</cusip>
        <identifiers>
          <isin value="US13057EES90"/>
          <other otherDesc="CG Symbol" value="FXC128530"/>
        </identifiers>
        <balance>450000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>458724.15</valUSD>
        <pctVal>0.0650101076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>O'CONNOR WOODS HOUSING CORP CA MTG INS 4.0% 01-01-31</title>
        <cusip>13057EEV2</cusip>
        <identifiers>
          <isin value="US13057EEV20"/>
          <other otherDesc="CG Symbol" value="FXC128531"/>
        </identifiers>
        <balance>520000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>543467.08</valUSD>
        <pctVal>0.0770198241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 CNTY CALIF TOB SEC</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY SECURITIZATION CORP 5.0% 06-01-26</title>
        <cusip>13016NEJ9</cusip>
        <identifiers>
          <isin value="US13016NEJ90"/>
          <other otherDesc="CG Symbol" value="FXC111267"/>
        </identifiers>
        <balance>600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>600991.80</valUSD>
        <pctVal>0.0851721925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY (MPT) 3.3% 02-01-39</title>
        <cusip>13048RAC1</cusip>
        <identifiers>
          <isin value="US13048RAC16"/>
          <other otherDesc="CG Symbol" value="FXC111548"/>
        </identifiers>
        <balance>1845000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1848802.55</valUSD>
        <pctVal>0.2620111733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.300000000000</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</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>CALIFORNIA HOUSING FINANCE AGENCY FHA 542(C) (MPT) 3.25% 08-01-64</title>
        <cusip>13032WCF9</cusip>
        <identifiers>
          <isin value="US13032WCF95"/>
          <other otherDesc="CG Symbol" value="FXC184645"/>
        </identifiers>
        <balance>1920000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1928839.68</valUSD>
        <pctVal>0.2733539867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 02-01-55</title>
        <cusip>13013JFD3</cusip>
        <identifiers>
          <isin value="US13013JFD37"/>
          <other otherDesc="CG Symbol" value="FXC185106"/>
        </identifiers>
        <balance>8000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8624832.00</valUSD>
        <pctVal>1.2223059471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CHABOT-LAS POSITAS CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CHABOT-LAS POSITAS CA CCD 4.0% 08-01-33</title>
        <cusip>15722TGL9</cusip>
        <identifiers>
          <isin value="US15722TGL98"/>
          <other otherDesc="CG Symbol" value="FXC18531"/>
        </identifiers>
        <balance>1580000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1583433.34</valUSD>
        <pctVal>0.2244032102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA AG 5.25% 08-01-32</title>
        <cusip>13062TH72</cusip>
        <identifiers>
          <isin value="US13062TH729"/>
          <other otherDesc="CG Symbol" value="FXC41820"/>
        </identifiers>
        <balance>2000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2263362.00</valUSD>
        <pctVal>0.3207622865</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>5.250000000000</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>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM</name>
        <lei>N/A</lei>
        <title>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM 3.0% 12-01-50</title>
        <cusip>130658QW0</cusip>
        <identifiers>
          <isin value="US130658QW04"/>
          <other otherDesc="CG Symbol" value="FXC114709"/>
        </identifiers>
        <balance>2985000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2962436.39</valUSD>
        <pctVal>0.4198346840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 3.0% 12-01-50</title>
        <cusip>13063DYS1</cusip>
        <identifiers>
          <isin value="US13063DYS16"/>
          <other otherDesc="CG Symbol" value="FXC115082"/>
        </identifiers>
        <balance>2120000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2105670.92</valUSD>
        <pctVal>0.2984144025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-27</title>
        <cusip>13059TEU9</cusip>
        <identifiers>
          <isin value="US13059TEU97"/>
          <other otherDesc="CG Symbol" value="FXC117757"/>
        </identifiers>
        <balance>730000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>742966.99</valUSD>
        <pctVal>0.1052928301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-26</title>
        <cusip>13059TGT0</cusip>
        <identifiers>
          <isin value="US13059TGT07"/>
          <other otherDesc="CG Symbol" value="FXC118077"/>
        </identifiers>
        <balance>220000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>220360.14</valUSD>
        <pctVal>0.0312293051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 DEPARTMENT OF WATER RESOURCES</name>
        <lei>549300X618YEC5LGBQ98</lei>
        <title>STATE OF CALIFORNIA DEPARTMENT OF WATER RESOURCES 4.0% 12-01-33</title>
        <cusip>13067WCX8</cusip>
        <identifiers>
          <isin value="US13067WCX83"/>
          <other otherDesc="CG Symbol" value="FXC56643"/>
        </identifiers>
        <balance>3260000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3262816.64</valUSD>
        <pctVal>0.4624043904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 PUBLIC WORKS BOARD</name>
        <lei>N/A</lei>
        <title>STATE OF CALIFORNIA 5.0% 04-01-28</title>
        <cusip>13068LA39</cusip>
        <identifiers>
          <isin value="US13068LA397"/>
          <other otherDesc="CG Symbol" value="FXC59213"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>404367.20</valUSD>
        <pctVal>0.0573066737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-27</title>
        <cusip>13059TGU7</cusip>
        <identifiers>
          <isin value="US13059TGU79"/>
          <other otherDesc="CG Symbol" value="FXC118078"/>
        </identifiers>
        <balance>100000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101753.30</valUSD>
        <pctVal>0.0144204158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-28</title>
        <cusip>13059TGV5</cusip>
        <identifiers>
          <isin value="US13059TGV52"/>
          <other otherDesc="CG Symbol" value="FXC118079"/>
        </identifiers>
        <balance>200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207114.60</valUSD>
        <pctVal>0.0293521552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-29</title>
        <cusip>13059TGW3</cusip>
        <identifiers>
          <isin value="US13059TGW36"/>
          <other otherDesc="CG Symbol" value="FXC118080"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>419639.60</valUSD>
        <pctVal>0.0594710690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-30</title>
        <cusip>13059TGX1</cusip>
        <identifiers>
          <isin value="US13059TGX19"/>
          <other otherDesc="CG Symbol" value="FXC118081"/>
        </identifiers>
        <balance>300000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>318106.80</valUSD>
        <pctVal>0.0450819023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRG - POTRERO PROPERTIES LLC 5.0% 09-01-33</title>
        <cusip>13048V5V6</cusip>
        <identifiers>
          <isin value="US13048V5V66"/>
          <other otherDesc="CG Symbol" value="FXC213591"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1127266.00</valUSD>
        <pctVal>0.1597554521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>MUSEUM ASSOCIATES 3.25% 06-01-33</title>
        <cusip>13034SAL5</cusip>
        <identifiers>
          <isin value="US13034SAL51"/>
          <other otherDesc="CG Symbol" value="FXC213923"/>
        </identifiers>
        <balance>2495000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2488076.38</valUSD>
        <pctVal>0.3526086718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</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>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM</name>
        <lei>N/A</lei>
        <title>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM 6.25% 12-01-56</title>
        <cusip>130658VF1</cusip>
        <identifiers>
          <isin value="US130658VF16"/>
          <other otherDesc="CG Symbol" value="FXC213971"/>
        </identifiers>
        <balance>3150000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3582236.70</valUSD>
        <pctVal>0.5076724071</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>6.250000000000</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>DAVIS CALIF JT UNI SCH DIST YOLO CNTY</name>
        <lei>N/A</lei>
        <title>DAVIS JOINT UNIFIED SCHOOL DISTRICT BAM 3.0% 08-01-34</title>
        <cusip>238848DW2</cusip>
        <identifiers>
          <isin value="US238848DW27"/>
          <other otherDesc="CG Symbol" value="FXD147504"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>736374.75</valUSD>
        <pctVal>0.1043585819</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>ETIWANDA CALIF SCH DIST</name>
        <lei>N/A</lei>
        <title>ETIWANDA SCHOOL DISTRICT 4.0% 08-01-29</title>
        <cusip>297667BK2</cusip>
        <identifiers>
          <isin value="US297667BK27"/>
          <other otherDesc="CG Symbol" value="FXE110390"/>
        </identifiers>
        <balance>570000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>593723.97</valUSD>
        <pctVal>0.0841422000</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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>EASTERN MUN WTR FING AUTH CALIF</name>
        <lei>N/A</lei>
        <title>EASTERN MUNICIPAL WATER DISTRICT 2.75% 07-01-28</title>
        <cusip>27677SBB8</cusip>
        <identifiers>
          <isin value="US27677SBB88"/>
          <other otherDesc="CG Symbol" value="FXE110984"/>
        </identifiers>
        <balance>535000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>535061.53</valUSD>
        <pctVal>0.0758285947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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>ELK GROVE CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>ELK GROVE UNIFIED SCHOOL DISTRICT 2.0% 08-01-39</title>
        <cusip>287281XU8</cusip>
        <identifiers>
          <isin value="US287281XU83"/>
          <other otherDesc="CG Symbol" value="FXE121603"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>383625.50</valUSD>
        <pctVal>0.0543671726</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>2.000000000000</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>EAST SIDE UN HIGH SCH DIST CALIF</name>
        <lei>549300FHNKBG2V8ZLG85</lei>
        <title>EAST SIDE UNION HIGH SCHOOL DISTRICT 5.0% 08-01-30</title>
        <cusip>275282RG8</cusip>
        <identifiers>
          <isin value="US275282RG83"/>
          <other otherDesc="CG Symbol" value="FXE149420"/>
        </identifiers>
        <balance>570000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>632010.87</valUSD>
        <pctVal>0.0895681962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>EL RANCHO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>EL RANCHO UNIFIED SCHOOL DISTRICT BAM 5.5% 08-01-28</title>
        <cusip>283839D62</cusip>
        <identifiers>
          <isin value="US283839D620"/>
          <other otherDesc="CG Symbol" value="FXE156651"/>
        </identifiers>
        <balance>235000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251199.02</valUSD>
        <pctVal>0.0355997724</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>5.500000000000</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>ESCONDIDO CALIF UNION HIGH SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>ESCONDIDO UNION HIGH SCHOOL DISTRICT AG 0.0% 08-01-27</title>
        <cusip>296353KS3</cusip>
        <identifiers>
          <isin value="US296353KS37"/>
          <other otherDesc="CG Symbol" value="FXE160968"/>
        </identifiers>
        <balance>3000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2906475.00</valUSD>
        <pctVal>0.4119038699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>EASTERN MUNICIPAL WATER DISTRICT COMMUNITY FACILITIES DISTRICT</name>
        <lei>N/A</lei>
        <title>EASTERN MUNICIPAL WATER DISTRICT CMNTY FACS DIST NO 2022-97 IMPROVEMENT AREA A 5.0% 09-01-41</title>
        <cusip>27627M7L5</cusip>
        <identifiers>
          <isin value="US27627M7L52"/>
          <other otherDesc="CG Symbol" value="FXE210481"/>
        </identifiers>
        <balance>570000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>594977.97</valUSD>
        <pctVal>0.0843199162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>EASTERN MUNICIPAL WATER DISTRICT COMMUNITY FACILITIES DISTRICT</name>
        <lei>N/A</lei>
        <title>EASTERN MUNICIPAL WATER DISTRICT CMNTY FACS DIST NO 2022-97 IMPROVEMENT AREA B 5.0% 09-01-41</title>
        <cusip>27627M8A8</cusip>
        <identifiers>
          <isin value="US27627M8A88"/>
          <other otherDesc="CG Symbol" value="FXE210494"/>
        </identifiers>
        <balance>550000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>574101.55</valUSD>
        <pctVal>0.0813613226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>EL CENTRO CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CITY OF EL CENTRO CA WASTEWATER REVENUE AG 5.0% 10-01-27</title>
        <cusip>28282QCJ9</cusip>
        <identifiers>
          <isin value="US28282QCJ94"/>
          <other otherDesc="CG Symbol" value="FXE9691"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500685.50</valUSD>
        <pctVal>0.0709568446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>EL CENTRO CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CITY OF EL CENTRO CA WASTEWATER REVENUE AG 5.0% 10-01-26</title>
        <cusip>28282QCH3</cusip>
        <identifiers>
          <isin value="US28282QCH39"/>
          <other otherDesc="CG Symbol" value="FXE9692"/>
        </identifiers>
        <balance>530000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>530739.88</valUSD>
        <pctVal>0.0752161331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>EL CENTRO CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>CITY OF EL CENTRO CA WASTEWATER REVENUE AG 5.0% 10-01-30</title>
        <cusip>28282QCM2</cusip>
        <identifiers>
          <isin value="US28282QCM24"/>
          <other otherDesc="CG Symbol" value="FXE9759"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1001129.00</valUSD>
        <pctVal>0.1418793932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FREDDIE MAC MULTIFAMILY PASS THROUGH CERTIFICATES</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MULTIFAMILY ML CERTIFICATES 3.35% 11-25-33</title>
        <cusip>30309HAA5</cusip>
        <identifiers>
          <isin value="US30309HAA59"/>
          <other otherDesc="CG Symbol" value="FXF100097"/>
        </identifiers>
        <balance>1788154.66</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1738715.76</valUSD>
        <pctVal>0.2464097404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.350000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2021-1 5.0% 08-15-31</title>
        <cusip>68423PZD5</cusip>
        <identifiers>
          <isin value="US68423PZD58"/>
          <other otherDesc="CG Symbol" value="FXO140839"/>
        </identifiers>
        <balance>1025000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1102082.05</valUSD>
        <pctVal>0.1561863981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2021-1 5.0% 08-15-33</title>
        <cusip>68423PZF0</cusip>
        <identifiers>
          <isin value="US68423PZF07"/>
          <other otherDesc="CG Symbol" value="FXO140842"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533607.50</valUSD>
        <pctVal>0.0756225305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2021-1 5.0% 08-15-32</title>
        <cusip>68423PZE3</cusip>
        <identifiers>
          <isin value="US68423PZE32"/>
          <other otherDesc="CG Symbol" value="FXO140843"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1069642.00</valUSD>
        <pctVal>0.1515890139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2023-1 5.0% 08-15-30</title>
        <cusip>68423PA26</cusip>
        <identifiers>
          <isin value="US68423PA266"/>
          <other otherDesc="CG Symbol" value="FXO157158"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533494.00</valUSD>
        <pctVal>0.0756064453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2023-1 5.0% 08-15-33</title>
        <cusip>68423PA59</cusip>
        <identifiers>
          <isin value="US68423PA597"/>
          <other otherDesc="CG Symbol" value="FXO157159"/>
        </identifiers>
        <balance>440000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>477884.88</valUSD>
        <pctVal>0.0677255546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2023-1 5.0% 08-15-32</title>
        <cusip>68423PA42</cusip>
        <identifiers>
          <isin value="US68423PA423"/>
          <other otherDesc="CG Symbol" value="FXO157160"/>
        </identifiers>
        <balance>495000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>538565.45</valUSD>
        <pctVal>0.0763251681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 UNIVERSITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE UNIVERSITY 5.0% 11-01-28</title>
        <cusip>13077C4A9</cusip>
        <identifiers>
          <isin value="US13077C4A95"/>
          <other otherDesc="CG Symbol" value="FXC67462"/>
        </identifiers>
        <balance>2705000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2710764.36</valUSD>
        <pctVal>0.3841678769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 4.0% 08-01-31</title>
        <cusip>13063C6G0</cusip>
        <identifiers>
          <isin value="US13063C6G06"/>
          <other otherDesc="CG Symbol" value="FXC73567"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500454.00</valUSD>
        <pctVal>0.0709240366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2023-1 5.0% 08-15-31</title>
        <cusip>68423PA34</cusip>
        <identifiers>
          <isin value="US68423PA340"/>
          <other otherDesc="CG Symbol" value="FXO157161"/>
        </identifiers>
        <balance>325000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>351427.70</valUSD>
        <pctVal>0.0498041200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2023-1 5.0% 08-15-29</title>
        <cusip>68423PZZ6</cusip>
        <identifiers>
          <isin value="US68423PZZ60"/>
          <other otherDesc="CG Symbol" value="FXO157165"/>
        </identifiers>
        <balance>280000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>295897.28</valUSD>
        <pctVal>0.0419343826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>ONTARIO CALIF</name>
        <lei>254900FN91TH1F225693</lei>
        <title>CITY OF ONTARIO CA COMMUNITY FACILITIES DISTRICT NO 66 5.0% 09-01-34</title>
        <cusip>68304NGK9</cusip>
        <identifiers>
          <isin value="US68304NGK90"/>
          <other otherDesc="CG Symbol" value="FXO165848"/>
        </identifiers>
        <balance>245000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261490.46</valUSD>
        <pctVal>0.0370582690</pctVal>
        <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>5.000000000000</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>OXNARD CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>OXNARD UNION HIGH SCHOOL DISTRICT 6.0% 02-01-30</title>
        <cusip>692039TX8</cusip>
        <identifiers>
          <isin value="US692039TX82"/>
          <other otherDesc="CG Symbol" value="FXO190133"/>
        </identifiers>
        <balance>2100000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2367995.70</valUSD>
        <pctVal>0.3355909109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.000000000000</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>ROWLAND CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>ROWLAND UNIFIED SCHOOL DISTRICT 0.0% 08-01-34</title>
        <cusip>779631EJ5</cusip>
        <identifiers>
          <isin value="US779631EJ50"/>
          <other otherDesc="CG Symbol" value="FXR149574"/>
        </identifiers>
        <balance>2420000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1782545.38</valUSD>
        <pctVal>0.2526212475</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>RIO ELEMENTARY SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT</name>
        <lei>N/A</lei>
        <title>RIO CA ELEM SD CFD 2016 SPL TAX BAM 5.0% 09-01-32</title>
        <cusip>767027DB8</cusip>
        <identifiers>
          <isin value="US767027DB80"/>
          <other otherDesc="CG Symbol" value="FXR17604"/>
        </identifiers>
        <balance>240000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>242009.04</valUSD>
        <pctVal>0.0342973740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-30</title>
        <cusip>13063C8T0</cusip>
        <identifiers>
          <isin value="US13063C8T09"/>
          <other otherDesc="CG Symbol" value="FXC74856"/>
        </identifiers>
        <balance>1335000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1376478.45</valUSD>
        <pctVal>0.1950736890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>HEBREW HOME FOR AGED DISABLED CA MTG INS 5.0% 11-01-26</title>
        <cusip>13080SPV0</cusip>
        <identifiers>
          <isin value="US13080SPV06"/>
          <other otherDesc="CG Symbol" value="FXC81128"/>
        </identifiers>
        <balance>575000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>581637.80</valUSD>
        <pctVal>0.0824293554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-29</title>
        <cusip>75211RRD1</cusip>
        <identifiers>
          <isin value="US75211RRD16"/>
          <other otherDesc="CG Symbol" value="FXR185323"/>
        </identifiers>
        <balance>140000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146281.38</valUSD>
        <pctVal>0.0207309082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-27</title>
        <cusip>75211RRB5</cusip>
        <identifiers>
          <isin value="US75211RRB59"/>
          <other otherDesc="CG Symbol" value="FXR185324"/>
        </identifiers>
        <balance>90000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92130.30</valUSD>
        <pctVal>0.0130566501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-28</title>
        <cusip>75211RRC3</cusip>
        <identifiers>
          <isin value="US75211RRC33"/>
          <other otherDesc="CG Symbol" value="FXR185325"/>
        </identifiers>
        <balance>115000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119252.47</valUSD>
        <pctVal>0.0169003875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-30</title>
        <cusip>75211RRE9</cusip>
        <identifiers>
          <isin value="US75211RRE98"/>
          <other otherDesc="CG Symbol" value="FXR185326"/>
        </identifiers>
        <balance>165000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>174024.68</valUSD>
        <pctVal>0.0246626718</pctVal>
        <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>5.000000000000</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</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>STANFORD HEALTH CARE OBLIGATED GROUP 5.0% 11-15-32</title>
        <cusip>13032UQK7</cusip>
        <identifiers>
          <isin value="US13032UQK78"/>
          <other otherDesc="CG Symbol" value="FXC82458"/>
        </identifiers>
        <balance>4575000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4743048.90</valUSD>
        <pctVal>0.6721820063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 4.0% 12-01-47</title>
        <cusip>13063DEK0</cusip>
        <identifiers>
          <isin value="US13063DEK00"/>
          <other otherDesc="CG Symbol" value="FXC87361"/>
        </identifiers>
        <balance>190000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190253.46</valUSD>
        <pctVal>0.0269626047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>SUTTER HEALTH OBLIGATED GROUP 5.0% 11-15-26</title>
        <cusip>13032UQZ4</cusip>
        <identifiers>
          <isin value="US13032UQZ48"/>
          <other otherDesc="CG Symbol" value="FXC87669"/>
        </identifiers>
        <balance>2300000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2331746.90</valUSD>
        <pctVal>0.3304537530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>KIPP SOCAL PUBLIC SCHOOLS OBLIGATED GROUP 5.0% 07-01-26</title>
        <cusip>13059TET2</cusip>
        <identifiers>
          <isin value="US13059TET25"/>
          <other otherDesc="CG Symbol" value="FXC88688"/>
        </identifiers>
        <balance>505000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>505826.69</valUSD>
        <pctVal>0.0716854510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CERRITOS CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CERRITOS COMMUNITY COLLEGE DISTRICT 0.0% 08-01-27</title>
        <cusip>156792FB4</cusip>
        <identifiers>
          <isin value="US156792FB46"/>
          <other otherDesc="CG Symbol" value="FXC91849"/>
        </identifiers>
        <balance>830000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>804323.12</valUSD>
        <pctVal>0.1139881835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA LUTHERAN UNIVERSITY 5.0% 10-01-26</title>
        <cusip>13048VDJ4</cusip>
        <identifiers>
          <isin value="US13048VDJ44"/>
          <other otherDesc="CG Symbol" value="FXC92782"/>
        </identifiers>
        <balance>900000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>905966.10</valUSD>
        <pctVal>0.1283929649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-30</title>
        <cusip>13063DHP6</cusip>
        <identifiers>
          <isin value="US13063DHP69"/>
          <other otherDesc="CG Symbol" value="FXC93843"/>
        </identifiers>
        <balance>3535000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3722471.66</valUSD>
        <pctVal>0.5275464204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 4.0% 12-01-48</title>
        <cusip>13063DJT6</cusip>
        <identifiers>
          <isin value="US13063DJT63"/>
          <other otherDesc="CG Symbol" value="FXC94286"/>
        </identifiers>
        <balance>1085000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1089707.82</valUSD>
        <pctVal>0.1544327297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 10-01-30</title>
        <cusip>13063DKD9</cusip>
        <identifiers>
          <isin value="US13063DKD92"/>
          <other otherDesc="CG Symbol" value="FXC94790"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1056581.00</valUSD>
        <pctVal>0.1497380169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM</name>
        <lei>N/A</lei>
        <title>DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM &amp; HOME PURCHASE PROGRAM 4.0% 12-01-49</title>
        <cusip>130658PS0</cusip>
        <identifiers>
          <isin value="US130658PS01"/>
          <other otherDesc="CG Symbol" value="FXC98511"/>
        </identifiers>
        <balance>1660000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1667232.62</valUSD>
        <pctVal>0.2362791932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 4.0% 12-01-49</title>
        <cusip>13063DND6</cusip>
        <identifiers>
          <isin value="US13063DND65"/>
          <other otherDesc="CG Symbol" value="FXC98865"/>
        </identifiers>
        <balance>670000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>672633.77</valUSD>
        <pctVal>0.0953252489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 04-01-28</title>
        <cusip>13063DPG7</cusip>
        <identifiers>
          <isin value="US13063DPG78"/>
          <other otherDesc="CG Symbol" value="FXC99110"/>
        </identifiers>
        <balance>1675000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1758830.40</valUSD>
        <pctVal>0.2492603749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>DEL MAR UN SCH DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 4.0% 09-01-26</title>
        <cusip>245157DT6</cusip>
        <identifiers>
          <isin value="US245157DT63"/>
          <other otherDesc="CG Symbol" value="FXD105327"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400957.60</valUSD>
        <pctVal>0.0568234673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>OXNARD CALIF WASTEWTR REV</name>
        <lei>N/A</lei>
        <title>CITY OF OXNARD CA WASTEWATER REVENUE BAM 5.0% 06-01-32</title>
        <cusip>692051AY1</cusip>
        <identifiers>
          <isin value="US692051AY10"/>
          <other otherDesc="CG Symbol" value="FXO202166"/>
        </identifiers>
        <balance>900000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1028638.80</valUSD>
        <pctVal>0.1457780653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-33</title>
        <cusip>75211RRH2</cusip>
        <identifiers>
          <isin value="US75211RRH20"/>
          <other otherDesc="CG Symbol" value="FXR185330"/>
        </identifiers>
        <balance>255000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>271397.01</valUSD>
        <pctVal>0.0384622192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RANCHO CORDOVA CMNTY FACS DIST CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF RANCHO CORDOVA CA GRANTLINE 220 CMNTY FACS DIST NO 2023-1 IMPT AREA 2 5.0% 09-01-34</title>
        <cusip>75211RRJ8</cusip>
        <identifiers>
          <isin value="US75211RRJ85"/>
          <other otherDesc="CG Symbol" value="FXR185331"/>
        </identifiers>
        <balance>290000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>309307.91</valUSD>
        <pctVal>0.0438349289</pctVal>
        <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>5.000000000000</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>RIO HONDO CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>RIO HONDO COMMUNITY COLLEGE DISTRICT 0.0% 08-01-31</title>
        <cusip>767121CT1</cusip>
        <identifiers>
          <isin value="US767121CT11"/>
          <other otherDesc="CG Symbol" value="FXR195107"/>
        </identifiers>
        <balance>770000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>664178.90</valUSD>
        <pctVal>0.0941270299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>SWEETWATER CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>SWEETWATER UNION HIGH SCHOOL DISTRICT 4.0% 08-01-26</title>
        <cusip>870462SQ2</cusip>
        <identifiers>
          <isin value="US870462SQ23"/>
          <other otherDesc="CG Symbol" value="FXS100095"/>
        </identifiers>
        <balance>515000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>515505.22</valUSD>
        <pctVal>0.0730570863</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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT 5.0% 08-01-27</title>
        <cusip>785870XK7</cusip>
        <identifiers>
          <isin value="US785870XK77"/>
          <other otherDesc="CG Symbol" value="FXS100105"/>
        </identifiers>
        <balance>555000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>572404.25</valUSD>
        <pctVal>0.0811207823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN JACINTO CALIF FING AUTH</name>
        <lei>N/A</lei>
        <title>SAN JACINTO UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 2003-2 5.0% 09-01-26</title>
        <cusip>797860BC6</cusip>
        <identifiers>
          <isin value="US797860BC62"/>
          <other otherDesc="CG Symbol" value="FXS100114"/>
        </identifiers>
        <balance>155000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156071.36</valUSD>
        <pctVal>0.0221183382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>OXNARD CALIF WASTEWTR REV</name>
        <lei>N/A</lei>
        <title>CITY OF OXNARD CA WASTEWATER REVENUE BAM 5.0% 06-01-31</title>
        <cusip>692051AX3</cusip>
        <identifiers>
          <isin value="US692051AX37"/>
          <other otherDesc="CG Symbol" value="FXO202167"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1124422.00</valUSD>
        <pctVal>0.1593524022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>OAKLAND CALIF</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>CITY OF OAKLAND CA 5.0% 07-15-33</title>
        <cusip>672240C71</cusip>
        <identifiers>
          <isin value="US672240C713"/>
          <other otherDesc="CG Symbol" value="FXO207274"/>
        </identifiers>
        <balance>2000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2297898.00</valUSD>
        <pctVal>0.3256567074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>OAKLAND CALIF</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>CITY OF OAKLAND CA 5.0% 07-15-32</title>
        <cusip>672240C63</cusip>
        <identifiers>
          <isin value="US672240C630"/>
          <other otherDesc="CG Symbol" value="FXO207275"/>
        </identifiers>
        <balance>2500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2834805.00</valUSD>
        <pctVal>0.4017468410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>OXNARD CALIF SCH DIST</name>
        <lei>N/A</lei>
        <title>OXNARD SCHOOL DISTRICT 0.0% 02-01-31</title>
        <cusip>692020Z94</cusip>
        <identifiers>
          <isin value="US692020Z948"/>
          <other otherDesc="CG Symbol" value="FXO210026"/>
        </identifiers>
        <balance>1430000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1238158.35</valUSD>
        <pctVal>0.1754710486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HIGH SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 92-1 5.0% 09-01-28</title>
        <cusip>71440PBM4</cusip>
        <identifiers>
          <isin value="US71440PBM41"/>
          <other otherDesc="CG Symbol" value="FXP10883"/>
        </identifiers>
        <balance>450000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450609.30</valUSD>
        <pctVal>0.0638600760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HIGH SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 92-1 5.0% 09-01-32</title>
        <cusip>71440PBR3</cusip>
        <identifiers>
          <isin value="US71440PBR38"/>
          <other otherDesc="CG Symbol" value="FXP10884"/>
        </identifiers>
        <balance>2675000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2678621.95</valUSD>
        <pctVal>0.3796126741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SANTA MONICA-MALIBU UNI SCH DIST CALIF</name>
        <lei>N/A</lei>
        <title>SANTA MONICA-MALIBU UNIFIED SCHOOL DISTRICT 3.0% 08-01-33</title>
        <cusip>802498VK8</cusip>
        <identifiers>
          <isin value="US802498VK82"/>
          <other otherDesc="CG Symbol" value="FXS104978"/>
        </identifiers>
        <balance>1785000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1771926.66</valUSD>
        <pctVal>0.2511163689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>SAN DIEGO REG AIRPORT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 5.0% 07-01-27</title>
        <cusip>79739GKR6</cusip>
        <identifiers>
          <isin value="US79739GKR64"/>
          <other otherDesc="CG Symbol" value="FXS105699"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>412585.60</valUSD>
        <pctVal>0.0584713804</pctVal>
        <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>5.000000000000</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>PLEASANT VALLEY CALIF SCH DIST</name>
        <lei>N/A</lei>
        <title>PLEASANT VALLEY SCHOOL DISTRICT 5.0% 08-01-29</title>
        <cusip>72869BHQ0</cusip>
        <identifiers>
          <isin value="US72869BHQ05"/>
          <other otherDesc="CG Symbol" value="FXP113686"/>
        </identifiers>
        <balance>645000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>649178.96</valUSD>
        <pctVal>0.0920012475</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>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HIGH SCHOOL DISTRICT 4.0% 09-01-28</title>
        <cusip>714398KN3</cusip>
        <identifiers>
          <isin value="US714398KN31"/>
          <other otherDesc="CG Symbol" value="FXP127314"/>
        </identifiers>
        <balance>185000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192282.53</valUSD>
        <pctVal>0.0272501632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HIGH SCHOOL DISTRICT 4.0% 09-01-31</title>
        <cusip>714398KR4</cusip>
        <identifiers>
          <isin value="US714398KR45"/>
          <other otherDesc="CG Symbol" value="FXP127315"/>
        </identifiers>
        <balance>350000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>366414.65</valUSD>
        <pctVal>0.0519280614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HIGH SCHOOL DISTRICT 4.0% 09-01-29</title>
        <cusip>714398KP8</cusip>
        <identifiers>
          <isin value="US714398KP88"/>
          <other otherDesc="CG Symbol" value="FXP127316"/>
        </identifiers>
        <balance>200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210785.20</valUSD>
        <pctVal>0.0298723504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>PERRIS CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>PERRIS UNION HIGH SCHOOL DISTRICT 4.0% 09-01-30</title>
        <cusip>714398KQ6</cusip>
        <identifiers>
          <isin value="US714398KQ61"/>
          <other otherDesc="CG Symbol" value="FXP127317"/>
        </identifiers>
        <balance>215000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225926.73</valUSD>
        <pctVal>0.0320181988</pctVal>
        <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>4.000000000000</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>PERALTA CALIF CMNTY COLLEGE DIST</name>
        <lei>254900VWMA3IHACOBO19</lei>
        <title>PERALTA COMMUNITY COLLEGE DISTRICT 5.0% 08-01-32</title>
        <cusip>713575ZJ0</cusip>
        <identifiers>
          <isin value="US713575ZJ03"/>
          <other otherDesc="CG Symbol" value="FXP191489"/>
        </identifiers>
        <balance>2810000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3231890.59</valUSD>
        <pctVal>0.4580215694</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>5.000000000000</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>PENINSULA CORRIDOR JT PWRS BRD CALIF</name>
        <lei>549300EWZ3063STMF882</lei>
        <title>PENINSULA CORRIDOR JOINT POWERS BOARD 5.0% 10-01-28</title>
        <cusip>707120CC3</cusip>
        <identifiers>
          <isin value="US707120CC33"/>
          <other otherDesc="CG Symbol" value="FXP97591"/>
        </identifiers>
        <balance>285000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>302778.87</valUSD>
        <pctVal>0.0429096374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>PENINSULA CORRIDOR JT PWRS BRD CALIF</name>
        <lei>549300EWZ3063STMF882</lei>
        <title>PENINSULA CORRIDOR JOINT POWERS BOARD 5.0% 10-01-26</title>
        <cusip>707120CA7</cusip>
        <identifiers>
          <isin value="US707120CA76"/>
          <other otherDesc="CG Symbol" value="FXP97592"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>252616.25</valUSD>
        <pctVal>0.0358006214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>PENINSULA CORRIDOR JT PWRS BRD CALIF</name>
        <lei>549300EWZ3063STMF882</lei>
        <title>PENINSULA CORRIDOR JOINT POWERS BOARD 5.0% 10-01-27</title>
        <cusip>707120CB5</cusip>
        <identifiers>
          <isin value="US707120CB59"/>
          <other otherDesc="CG Symbol" value="FXP97593"/>
        </identifiers>
        <balance>200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>207325.40</valUSD>
        <pctVal>0.0293820296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>PENINSULA CORRIDOR JT PWRS BRD CALIF</name>
        <lei>549300EWZ3063STMF882</lei>
        <title>PENINSULA CORRIDOR JOINT POWERS BOARD 5.0% 10-01-29</title>
        <cusip>707120CD1</cusip>
        <identifiers>
          <isin value="US707120CD16"/>
          <other otherDesc="CG Symbol" value="FXP97594"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>434420.40</valUSD>
        <pctVal>0.0615657950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RIALTO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>RIALTO UNIFIED SCHOOL DISTRICT 3.0% 08-01-27</title>
        <cusip>762494RQ7</cusip>
        <identifiers>
          <isin value="US762494RQ74"/>
          <other otherDesc="CG Symbol" value="FXR105314"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>751401.75</valUSD>
        <pctVal>0.1064881992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>RIALTO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>RIALTO UNIFIED SCHOOL DISTRICT 3.0% 08-01-26</title>
        <cusip>762494RP9</cusip>
        <identifiers>
          <isin value="US762494RP91"/>
          <other otherDesc="CG Symbol" value="FXR105318"/>
        </identifiers>
        <balance>600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>600576.60</valUSD>
        <pctVal>0.0851133506</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>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIVERSIDE CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>RIVERSIDE UNIFIED SCHOOL DISTRICT 4.0% 08-01-29</title>
        <cusip>769059ZJ8</cusip>
        <identifiers>
          <isin value="US769059ZJ83"/>
          <other otherDesc="CG Symbol" value="FXR106480"/>
        </identifiers>
        <balance>850000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>867097.75</valUSD>
        <pctVal>0.1228845659</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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 4.0% 08-01-29</title>
        <cusip>785870ZF6</cusip>
        <identifiers>
          <isin value="US785870ZF64"/>
          <other otherDesc="CG Symbol" value="FXS106112"/>
        </identifiers>
        <balance>635000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>663621.36</valUSD>
        <pctVal>0.0940480157</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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>COUNTY OF SAN DIEGO CA</name>
        <lei>254900MKIGRAYVDUZ926</lei>
        <title>COUNTY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT NO 2008-01 AREA NO 2 4.0% 09-01-26</title>
        <cusip>79743ABD4</cusip>
        <identifiers>
          <isin value="US79743ABD46"/>
          <other otherDesc="CG Symbol" value="FXS107598"/>
        </identifiers>
        <balance>255000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>255423.81</valUSD>
        <pctVal>0.0361985071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION</name>
        <lei>W4FR340A6EQ2SSI17B56</lei>
        <title>SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION 5.0% 04-01-28</title>
        <cusip>797400LX4</cusip>
        <identifiers>
          <isin value="US797400LX47"/>
          <other otherDesc="CG Symbol" value="FXS107923"/>
        </identifiers>
        <balance>850000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>897466.55</valUSD>
        <pctVal>0.1271884138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA WATER UTILITY REVENUE 5.0% 08-01-29</title>
        <cusip>79730CKB9</cusip>
        <identifiers>
          <isin value="US79730CKB99"/>
          <other otherDesc="CG Symbol" value="FXS110247"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>544563.50</valUSD>
        <pctVal>0.0771752081</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>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SOUTH PLACER WASTEWATER AUTH CALIF</name>
        <lei>549300FGO2EDNXECW829</lei>
        <title>SOUTH PLACER WASTEWATER AUTHORITY 5.0% 11-01-32</title>
        <cusip>839423CR9</cusip>
        <identifiers>
          <isin value="US839423CR98"/>
          <other otherDesc="CG Symbol" value="FXS110340"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>577909.00</valUSD>
        <pctVal>0.0819009121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN DIEGO CALIF HSG AUTH</name>
        <lei>549300X9H1ODNOOT1Q87</lei>
        <title>BERNARDO FAMILY HOUSING LP (MPT) 5.0% 05-01-57</title>
        <cusip>79728FLH2</cusip>
        <identifiers>
          <isin value="US79728FLH28"/>
          <other otherDesc="CG Symbol" value="FXS156214"/>
        </identifiers>
        <balance>1829000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1845742.67</valUSD>
        <pctVal>0.2615775290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SOUTHWESTERN CMNTY COLLEGE DIST CALIF</name>
        <lei>N/A</lei>
        <title>SOUTHWESTERN COMMUNITY COLLEGE DISTRICT NATL 0.0% 08-01-28</title>
        <cusip>845389BU8</cusip>
        <identifiers>
          <isin value="US845389BU85"/>
          <other otherDesc="CG Symbol" value="FXS156452"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>707517.75</valUSD>
        <pctVal>0.1002689854</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>SAN JOSE CALIF</name>
        <lei>549300QHIHSH68W22O38</lei>
        <title>ALLIED 1510 PARKMOOR LP HUD SECT 8 (MPT) 5.0% 06-01-27</title>
        <cusip>798165LF1</cusip>
        <identifiers>
          <isin value="US798165LF18"/>
          <other otherDesc="CG Symbol" value="FXS156501"/>
        </identifiers>
        <balance>1195000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1196958.61</valUSD>
        <pctVal>0.1696322465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 07-01-53</title>
        <cusip>13013JCB0</cusip>
        <identifiers>
          <isin value="US13013JCB08"/>
          <other otherDesc="CG Symbol" value="FXC146080"/>
        </identifiers>
        <balance>4470000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4665669.78</valUSD>
        <pctVal>0.6612158845</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>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 10-01-34</title>
        <cusip>13063D4A3</cusip>
        <identifiers>
          <isin value="US13063D4A36"/>
          <other otherDesc="CG Symbol" value="FXC148226"/>
        </identifiers>
        <balance>2920000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3304204.84</valUSD>
        <pctVal>0.4682699010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>SEGERSTROM CENTER FOR THE ARTS 5.0% 07-01-30</title>
        <cusip>13034A2S8</cusip>
        <identifiers>
          <isin value="US13034A2S84"/>
          <other otherDesc="CG Symbol" value="FXC149568"/>
        </identifiers>
        <balance>3855000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4184340.36</valUSD>
        <pctVal>0.5930021717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.5% 05-01-54</title>
        <cusip>13013JCS3</cusip>
        <identifiers>
          <isin value="US13013JCS33"/>
          <other otherDesc="CG Symbol" value="FXC150610"/>
        </identifiers>
        <balance>5000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5227800.00</valUSD>
        <pctVal>0.7408806375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</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 UNIVERSITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE UNIVERSITY 5.0% 11-01-26</title>
        <cusip>13077DSC7</cusip>
        <identifiers>
          <isin value="US13077DSC73"/>
          <other otherDesc="CG Symbol" value="FXC152061"/>
        </identifiers>
        <balance>920000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>932000.48</valUSD>
        <pctVal>0.1320825414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 UNIVERSITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE UNIVERSITY (MPT) 3.125% 11-01-51</title>
        <cusip>13077DSZ6</cusip>
        <identifiers>
          <isin value="US13077DSZ68"/>
          <other otherDesc="CG Symbol" value="FXC152064"/>
        </identifiers>
        <balance>100000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99805.70</valUSD>
        <pctVal>0.0141444031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>ODD FELLOWS HOME OF CALIFORNIA CA MTG INS 5.0% 04-01-27</title>
        <cusip>13080SN42</cusip>
        <identifiers>
          <isin value="US13080SN424"/>
          <other otherDesc="CG Symbol" value="FXC152379"/>
        </identifiers>
        <balance>425000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>434723.15</valUSD>
        <pctVal>0.0616087005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 02-01-54</title>
        <cusip>13013JDB9</cusip>
        <identifiers>
          <isin value="US13013JDB98"/>
          <other otherDesc="CG Symbol" value="FXC152973"/>
        </identifiers>
        <balance>5720000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6043700.52</valUSD>
        <pctVal>0.8565095631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 POLLUTION CONTROL FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY (MPT) 3.7% 08-01-40</title>
        <cusip>13055JAC9</cusip>
        <identifiers>
          <isin value="US13055JAC99"/>
          <other otherDesc="CG Symbol" value="FXC152977"/>
        </identifiers>
        <balance>3550000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3605692.40</valUSD>
        <pctVal>0.5109965347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 09-01-34</title>
        <cusip>13063D5A2</cusip>
        <identifiers>
          <isin value="US13063D5A27"/>
          <other otherDesc="CG Symbol" value="FXC154057"/>
        </identifiers>
        <balance>7000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7974512.00</valUSD>
        <pctVal>1.1301429921</pctVal>
        <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>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 09-01-31</title>
        <cusip>13063D7Q5</cusip>
        <identifiers>
          <isin value="US13063D7Q50"/>
          <other otherDesc="CG Symbol" value="FXC156739"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1115428.00</valUSD>
        <pctVal>0.1580777780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.25% 11-01-54</title>
        <cusip>13013JDG8</cusip>
        <identifiers>
          <isin value="US13013JDG85"/>
          <other otherDesc="CG Symbol" value="FXC157607"/>
        </identifiers>
        <balance>5465000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5788894.16</valUSD>
        <pctVal>0.8203985607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>EPISCOPAL COMMUNITIES &amp; SERVICES FOR SENIORS OBLIGATED GROUP 3.85% 11-15-27</title>
        <cusip>13032UJ82</cusip>
        <identifiers>
          <isin value="US13032UJ825"/>
          <other otherDesc="CG Symbol" value="FXC158915"/>
        </identifiers>
        <balance>1520000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1520427.12</valUSD>
        <pctVal>0.2154740070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.850000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 05-01-54</title>
        <cusip>13013JDR4</cusip>
        <identifiers>
          <isin value="US13013JDR41"/>
          <other otherDesc="CG Symbol" value="FXC158933"/>
        </identifiers>
        <balance>3000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3174603.00</valUSD>
        <pctVal>0.4499028070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PLACER 712 LP HUD SECT 8 (MPT) 3.2% 09-01-45</title>
        <cusip>130483GH7</cusip>
        <identifiers>
          <isin value="US130483GH71"/>
          <other otherDesc="CG Symbol" value="FXC159461"/>
        </identifiers>
        <balance>3420000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3420865.26</valUSD>
        <pctVal>0.4848029448</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>3.200000000000</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>CORONA-NORCO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>CORONA-NORCO UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 05-1 5.0% 09-01-36</title>
        <cusip>219766MU3</cusip>
        <identifiers>
          <isin value="US219766MU34"/>
          <other otherDesc="CG Symbol" value="FXC16010"/>
        </identifiers>
        <balance>2010000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2019079.17</valUSD>
        <pctVal>0.2861426724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COMPTON COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
        <title>COMPTON COMMUNITY COLLEGE DISTRICT BAM 5.0% 08-01-35</title>
        <cusip>204709KN8</cusip>
        <identifiers>
          <isin value="US204709KN86"/>
          <other otherDesc="CG Symbol" value="FXC160108"/>
        </identifiers>
        <balance>625000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>730931.88</valUSD>
        <pctVal>0.1035872216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COMPTON COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
        <title>COMPTON COMMUNITY COLLEGE DISTRICT BAM 5.0% 08-01-37</title>
        <cusip>204709KQ1</cusip>
        <identifiers>
          <isin value="US204709KQ18"/>
          <other otherDesc="CG Symbol" value="FXC160109"/>
        </identifiers>
        <balance>855000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>983957.09</valUSD>
        <pctVal>0.1394458005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COMPTON COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
        <title>COMPTON COMMUNITY COLLEGE DISTRICT BAM 5.0% 08-01-36</title>
        <cusip>204709KP3</cusip>
        <identifiers>
          <isin value="US204709KP35"/>
          <other otherDesc="CG Symbol" value="FXC160113"/>
        </identifiers>
        <balance>795000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>919131.30</valUSD>
        <pctVal>0.1302587290</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>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>ROSEVILLE AFFORDABLE LP (MPT) 3.75% 06-01-28</title>
        <cusip>130483GR5</cusip>
        <identifiers>
          <isin value="US130483GR53"/>
          <other otherDesc="CG Symbol" value="FXC164421"/>
        </identifiers>
        <balance>715000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>720852.99</valUSD>
        <pctVal>0.1021588475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-30</title>
        <cusip>345105JR2</cusip>
        <identifiers>
          <isin value="US345105JR29"/>
          <other otherDesc="CG Symbol" value="FXF183882"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>429637.20</valUSD>
        <pctVal>0.0608879228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-31</title>
        <cusip>345105JS0</cusip>
        <identifiers>
          <isin value="US345105JS02"/>
          <other otherDesc="CG Symbol" value="FXF183883"/>
        </identifiers>
        <balance>470000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>512246.42</valUSD>
        <pctVal>0.0725952512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FRESNO CALIF UNI SCH DIST</name>
        <lei>549300WL4QIP65TFU882</lei>
        <title>FRESNO UNIFIED SCHOOL DISTRICT 4.0% 08-01-31</title>
        <cusip>3582325B8</cusip>
        <identifiers>
          <isin value="US3582325B80"/>
          <other otherDesc="CG Symbol" value="FXF202975"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501118.50</valUSD>
        <pctVal>0.0710182091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SAN DIEGO REG AIRPORT</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY 5.0% 07-01-28</title>
        <cusip>79739GHB5</cusip>
        <identifiers>
          <isin value="US79739GHB59"/>
          <other otherDesc="CG Symbol" value="FXS110900"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1058603.00</valUSD>
        <pctVal>0.1500245735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN FRANCISCO CALIF UNIFIED SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO UNIFIED SCHOOL DISTRICT 4.0% 06-15-29</title>
        <cusip>79771TNE3</cusip>
        <identifiers>
          <isin value="US79771TNE37"/>
          <other otherDesc="CG Symbol" value="FXS114300"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1031016.00</valUSD>
        <pctVal>0.1461149607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SAN FRANCISCO CALIF UNIFIED SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO UNIFIED SCHOOL DISTRICT 4.0% 06-15-34</title>
        <cusip>79771TNK9</cusip>
        <identifiers>
          <isin value="US79771TNK96"/>
          <other otherDesc="CG Symbol" value="FXS114320"/>
        </identifiers>
        <balance>975000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>989625.00</valUSD>
        <pctVal>0.1402490533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SAN FRANCISCO CALIF CITY &amp; CNTY REDEV AGY</name>
        <lei>5493001TPOZL3UK8DX25</lei>
        <title>CITY &amp; COUNTY OF SAN FRANCISCO CA COMMUNITY FACILITIES DISTRICT NO 6 AG 5.0% 08-01-33</title>
        <cusip>79772ADD6</cusip>
        <identifiers>
          <isin value="US79772ADD63"/>
          <other otherDesc="CG Symbol" value="FXS157067"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1149548.00</valUSD>
        <pctVal>0.1629132436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SEAL BEACH CALIF CMNTY FACS DIST NO 2005-1</name>
        <lei>N/A</lei>
        <title>CITY OF SEAL BEACH CA COMMUNITY FACILITIES DISTRICT NO 2005-1 3.0% 09-01-26</title>
        <cusip>812032BC3</cusip>
        <identifiers>
          <isin value="US812032BC39"/>
          <other otherDesc="CG Symbol" value="FXS15725"/>
        </identifiers>
        <balance>150000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149653.20</valUSD>
        <pctVal>0.0212087605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>STOCKTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>STOCKTON UNIFIED SCHOOL DISTRICT AG 5.0% 08-01-33</title>
        <cusip>861419C23</cusip>
        <identifiers>
          <isin value="US861419C235"/>
          <other otherDesc="CG Symbol" value="FXS159439"/>
        </identifiers>
        <balance>1480000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1722493.56</valUSD>
        <pctVal>0.2441107400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 5.0% 08-01-26</title>
        <cusip>785870J31</cusip>
        <identifiers>
          <isin value="US785870J310"/>
          <other otherDesc="CG Symbol" value="FXS159750"/>
        </identifiers>
        <balance>220000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>221380.72</valUSD>
        <pctVal>0.0313739410</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>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 5.0% 08-01-27</title>
        <cusip>785870G75</cusip>
        <identifiers>
          <isin value="US785870G753"/>
          <other otherDesc="CG Symbol" value="FXS159753"/>
        </identifiers>
        <balance>575000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>593751.90</valUSD>
        <pctVal>0.0841461583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 5.0% 08-01-37</title>
        <cusip>785870K70</cusip>
        <identifiers>
          <isin value="US785870K706"/>
          <other otherDesc="CG Symbol" value="FXS159790"/>
        </identifiers>
        <balance>855000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>968719.28</valUSD>
        <pctVal>0.1372863074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SANTA MONICA-MALIBU UNI SCH DIST CALIF</name>
        <lei>N/A</lei>
        <title>SANTA MONICA-MALIBU UNIFIED SCHOOL DISTRICT 3.0% 08-01-37</title>
        <cusip>802498YD1</cusip>
        <identifiers>
          <isin value="US802498YD13"/>
          <other otherDesc="CG Symbol" value="FXS183428"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>950172.00</valUSD>
        <pctVal>0.1346577981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>SAN FRANCISCO COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO COMMUNITY COLLEGE DISTRICT 5.0% 06-15-30</title>
        <cusip>797683KR9</cusip>
        <identifiers>
          <isin value="US797683KR93"/>
          <other otherDesc="CG Symbol" value="FXS190070"/>
        </identifiers>
        <balance>2500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2766145.00</valUSD>
        <pctVal>0.3920163876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>STOCKTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>STOCKTON UNIFIED SCHOOL DISTRICT BAM 5.0% 08-01-34</title>
        <cusip>861419F87</cusip>
        <identifiers>
          <isin value="US861419F873"/>
          <other otherDesc="CG Symbol" value="FXS194743"/>
        </identifiers>
        <balance>700000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>824424.30</valUSD>
        <pctVal>0.1168369105</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN JOSE CALIF</name>
        <lei>549300QHIHSH68W22O38</lei>
        <title>KOOSER APARTMENTS LP (MPT) 3.0% 03-01-30</title>
        <cusip>798165LK0</cusip>
        <identifiers>
          <isin value="US798165LK03"/>
          <other otherDesc="CG Symbol" value="FXS198752"/>
        </identifiers>
        <balance>4248000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4257133.20</valUSD>
        <pctVal>0.6033183288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>SACRAMENTO CNTY CALIF ARPT SYS REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF SACRAMENTO CA AIRPORT SYSTEM REVENUE 5.0% 07-01-30</title>
        <cusip>786107ST0</cusip>
        <identifiers>
          <isin value="US786107ST03"/>
          <other otherDesc="CG Symbol" value="FXS88306"/>
        </identifiers>
        <balance>200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211379.00</valUSD>
        <pctVal>0.0299565034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SACRAMENTO CNTY CALIF ARPT SYS REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF SACRAMENTO CA AIRPORT SYSTEM REVENUE 5.0% 07-01-27</title>
        <cusip>786107SQ6</cusip>
        <identifiers>
          <isin value="US786107SQ63"/>
          <other otherDesc="CG Symbol" value="FXS88324"/>
        </identifiers>
        <balance>1015000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1043967.09</valUSD>
        <pctVal>0.1479503813</pctVal>
        <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>5.000000000000</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>STOCKTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>STOCKTON UNIFIED SCHOOL DISTRICT BAM 5.0% 08-01-30</title>
        <cusip>861419XE4</cusip>
        <identifiers>
          <isin value="US861419XE49"/>
          <other otherDesc="CG Symbol" value="FXS95378"/>
        </identifiers>
        <balance>2145000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2273266.71</valUSD>
        <pctVal>0.3221659760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 5.0% 07-01-34</title>
        <cusip>54466HKN5</cusip>
        <identifiers>
          <isin value="US54466HKN51"/>
          <other otherDesc="CG Symbol" value="FXL121649"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1112993.00</valUSD>
        <pctVal>0.1577326913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT 4.0% 07-01-32</title>
        <cusip>544647EB2</cusip>
        <identifiers>
          <isin value="US544647EB25"/>
          <other otherDesc="CG Symbol" value="FXL122289"/>
        </identifiers>
        <balance>1395000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1476989.73</valUSD>
        <pctVal>0.2093180865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 4.0% 06-01-36</title>
        <cusip>54466HLR5</cusip>
        <identifiers>
          <isin value="US54466HLR56"/>
          <other otherDesc="CG Symbol" value="FXL126909"/>
        </identifiers>
        <balance>3450000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3601834.50</valUSD>
        <pctVal>0.5104497954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 4.0% 06-01-37</title>
        <cusip>54466HLS3</cusip>
        <identifiers>
          <isin value="US54466HLS30"/>
          <other otherDesc="CG Symbol" value="FXL126911"/>
        </identifiers>
        <balance>1885000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1956403.80</valUSD>
        <pctVal>0.2772603570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-33</title>
        <cusip>544532CZ5</cusip>
        <identifiers>
          <isin value="US544532CZ50"/>
          <other otherDesc="CG Symbol" value="FXL131573"/>
        </identifiers>
        <balance>1500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1631535.00</valUSD>
        <pctVal>0.2312201482</pctVal>
        <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>5.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-30</title>
        <cusip>544532DP6</cusip>
        <identifiers>
          <isin value="US544532DP69"/>
          <other otherDesc="CG Symbol" value="FXL133444"/>
        </identifiers>
        <balance>775000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>837722.30</valUSD>
        <pctVal>0.1187214950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-33</title>
        <cusip>544532DS0</cusip>
        <identifiers>
          <isin value="US544532DS09"/>
          <other otherDesc="CG Symbol" value="FXL133539"/>
        </identifiers>
        <balance>670000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>728752.30</valUSD>
        <pctVal>0.1032783329</pctVal>
        <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>5.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-32</title>
        <cusip>544532EK6</cusip>
        <identifiers>
          <isin value="US544532EK63"/>
          <other otherDesc="CG Symbol" value="FXL135456"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1108111.00</valUSD>
        <pctVal>0.1570408172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
        <lei>N/A</lei>
        <title>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01 AREA NO 1 5.0% 09-01-27</title>
        <cusip>54531MAE6</cusip>
        <identifiers>
          <isin value="US54531MAE66"/>
          <other otherDesc="CG Symbol" value="FXL139072"/>
        </identifiers>
        <balance>100000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102763.50</valUSD>
        <pctVal>0.0145635807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
        <lei>N/A</lei>
        <title>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01 AREA NO 1 5.0% 09-01-33</title>
        <cusip>54531MAL0</cusip>
        <identifiers>
          <isin value="US54531MAL00"/>
          <other otherDesc="CG Symbol" value="FXL139075"/>
        </identifiers>
        <balance>170000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181156.08</valUSD>
        <pctVal>0.0256733295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
        <lei>N/A</lei>
        <title>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01 AREA NO 1 5.0% 09-01-32</title>
        <cusip>54531MAK2</cusip>
        <identifiers>
          <isin value="US54531MAK27"/>
          <other otherDesc="CG Symbol" value="FXL139078"/>
        </identifiers>
        <balance>175000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>186913.83</valUSD>
        <pctVal>0.0264893143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
        <lei>N/A</lei>
        <title>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01 AREA NO 1 5.0% 09-01-31</title>
        <cusip>54531MAJ5</cusip>
        <identifiers>
          <isin value="US54531MAJ53"/>
          <other otherDesc="CG Symbol" value="FXL139083"/>
        </identifiers>
        <balance>225000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>241582.28</valUSD>
        <pctVal>0.0342368938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ALTOS CALIF SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ALTOS ELEMENTARY SCHOOL DISTRICT 4.0% 08-01-29</title>
        <cusip>544290HM4</cusip>
        <identifiers>
          <isin value="US544290HM45"/>
          <other otherDesc="CG Symbol" value="FXL139527"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1021016.00</valUSD>
        <pctVal>0.1446977667</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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT BAM-TCRS 5.0% 07-01-36</title>
        <cusip>544647AH3</cusip>
        <identifiers>
          <isin value="US544647AH31"/>
          <other otherDesc="CG Symbol" value="FXL145845"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1034322.00</valUSD>
        <pctVal>0.1465834850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS RIOS CALIF CMNTY COLLEGE DIST</name>
        <lei>549300POMNL5W7FEFO13</lei>
        <title>LOS RIOS COMMUNITY COLLEGE DISTRICT 3.0% 08-01-34</title>
        <cusip>545624RX8</cusip>
        <identifiers>
          <isin value="US545624RX85"/>
          <other otherDesc="CG Symbol" value="FXL145950"/>
        </identifiers>
        <balance>2750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2715735.00</valUSD>
        <pctVal>0.3848723130</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 5.0% 07-01-34</title>
        <cusip>54466HML7</cusip>
        <identifiers>
          <isin value="US54466HML77"/>
          <other otherDesc="CG Symbol" value="FXL148398"/>
        </identifiers>
        <balance>1075000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1239119.18</valUSD>
        <pctVal>0.1756072168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS RIOS CALIF CMNTY COLLEGE DIST</name>
        <lei>549300POMNL5W7FEFO13</lei>
        <title>LOS RIOS COMMUNITY COLLEGE DISTRICT 3.0% 08-01-33</title>
        <cusip>545624RW0</cusip>
        <identifiers>
          <isin value="US545624RW03"/>
          <other otherDesc="CG Symbol" value="FXL149256"/>
        </identifiers>
        <balance>1750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1739431.75</valUSD>
        <pctVal>0.2465112100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-27</title>
        <cusip>544532QU1</cusip>
        <identifiers>
          <isin value="US544532QU18"/>
          <other otherDesc="CG Symbol" value="FXL209507"/>
        </identifiers>
        <balance>1275000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1310791.80</valUSD>
        <pctVal>0.1857646169</pctVal>
        <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>5.000000000000</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>LATHROP CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF LATHROP CA COMMUNITY FACILITIES DISTRICT NO 2015-1 4.0% 09-02-28</title>
        <cusip>518252EK3</cusip>
        <identifiers>
          <isin value="US518252EK32"/>
          <other otherDesc="CG Symbol" value="FXL212851"/>
        </identifiers>
        <balance>215000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>215011.83</valUSD>
        <pctVal>0.0304713458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>LATHROP CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF LATHROP CA COMMUNITY FACILITIES DISTRICT NO 2015-1 3.625% 09-02-27</title>
        <cusip>518252EJ6</cusip>
        <identifiers>
          <isin value="US518252EJ68"/>
          <other otherDesc="CG Symbol" value="FXL212852"/>
        </identifiers>
        <balance>140000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139229.44</valUSD>
        <pctVal>0.0197315116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.625000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY CMNTY FACS DISTRICT NO 2022-6 AREA NO 1 5.0% 09-01-30</title>
        <cusip>13051AJC3</cusip>
        <identifiers>
          <isin value="US13051AJC36"/>
          <other otherDesc="CG Symbol" value="FXC185391"/>
        </identifiers>
        <balance>210000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>221485.95</valUSD>
        <pctVal>0.0313888542</pctVal>
        <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>5.000000000000</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</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>LUCILE SALTER PACKARD CHILDREN'S HOSPITAL AT STANFORD OBLIGATED GROUP 5.0% 08-15-36</title>
        <cusip>13032UW46</cusip>
        <identifiers>
          <isin value="US13032UW463"/>
          <other otherDesc="CG Symbol" value="FXC185581"/>
        </identifiers>
        <balance>2000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2298680.00</valUSD>
        <pctVal>0.3257675320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY 4.25% 09-01-34</title>
        <cusip>13051AJY5</cusip>
        <identifiers>
          <isin value="US13051AJY55"/>
          <other otherDesc="CG Symbol" value="FXC185604"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>504662.00</valUSD>
        <pctVal>0.0715203918</pctVal>
        <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>4.250000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 11-01-55</title>
        <cusip>13013JFS0</cusip>
        <identifiers>
          <isin value="US13013JFS06"/>
          <other otherDesc="CG Symbol" value="FXC185890"/>
        </identifiers>
        <balance>4000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4105552.00</valUSD>
        <pctVal>0.5818363333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-28</title>
        <cusip>13078YVL6</cusip>
        <identifiers>
          <isin value="US13078YVL63"/>
          <other otherDesc="CG Symbol" value="FXC186542"/>
        </identifiers>
        <balance>360000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>375056.64</valUSD>
        <pctVal>0.0531527990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-27</title>
        <cusip>13078YVK8</cusip>
        <identifiers>
          <isin value="US13078YVK80"/>
          <other otherDesc="CG Symbol" value="FXC186543"/>
        </identifiers>
        <balance>310000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>317763.95</valUSD>
        <pctVal>0.0450333138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-26</title>
        <cusip>13078YVJ1</cusip>
        <identifiers>
          <isin value="US13078YVJ18"/>
          <other otherDesc="CG Symbol" value="FXC186544"/>
        </identifiers>
        <balance>245000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>246468.53</valUSD>
        <pctVal>0.0349293702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-32</title>
        <cusip>13078YVQ5</cusip>
        <identifiers>
          <isin value="US13078YVQ50"/>
          <other otherDesc="CG Symbol" value="FXC186546"/>
        </identifiers>
        <balance>635000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>682147.48</valUSD>
        <pctVal>0.0966735261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-30</title>
        <cusip>13078YVN2</cusip>
        <identifiers>
          <isin value="US13078YVN20"/>
          <other otherDesc="CG Symbol" value="FXC186547"/>
        </identifiers>
        <balance>380000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>403297.42</valUSD>
        <pctVal>0.0571550652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-34</title>
        <cusip>13078YVS1</cusip>
        <identifiers>
          <isin value="US13078YVS17"/>
          <other otherDesc="CG Symbol" value="FXC186548"/>
        </identifiers>
        <balance>510000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>549720.33</valUSD>
        <pctVal>0.0779060309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-33</title>
        <cusip>13078YVR3</cusip>
        <identifiers>
          <isin value="US13078YVR34"/>
          <other otherDesc="CG Symbol" value="FXC186550"/>
        </identifiers>
        <balance>720000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>774832.32</valUSD>
        <pctVal>0.1098087653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-29</title>
        <cusip>13078YVM4</cusip>
        <identifiers>
          <isin value="US13078YVM47"/>
          <other otherDesc="CG Symbol" value="FXC186553"/>
        </identifiers>
        <balance>435000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>458593.10</valUSD>
        <pctVal>0.0649915353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-31</title>
        <cusip>13078YVP7</cusip>
        <identifiers>
          <isin value="US13078YVP77"/>
          <other otherDesc="CG Symbol" value="FXC186554"/>
        </identifiers>
        <balance>565000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>603243.16</valUSD>
        <pctVal>0.0854912539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 01-01-56</title>
        <cusip>13013JFW1</cusip>
        <identifiers>
          <isin value="US13013JFW18"/>
          <other otherDesc="CG Symbol" value="FXC186983"/>
        </identifiers>
        <balance>7630000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8249128.72</valUSD>
        <pctVal>1.1690615067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTH MEASURE R SALES TAX REVENUE 5.0% 06-01-34</title>
        <cusip>54466HQJ8</cusip>
        <identifiers>
          <isin value="US54466HQJ85"/>
          <other otherDesc="CG Symbol" value="FXL213602"/>
        </identifiers>
        <balance>4895000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5731810.04</valUSD>
        <pctVal>0.8123086339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 5.0% 07-01-34</title>
        <cusip>54466HQX7</cusip>
        <identifiers>
          <isin value="US54466HQX79"/>
          <other otherDesc="CG Symbol" value="FXL213955"/>
        </identifiers>
        <balance>4505000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5279504.11</valUSD>
        <pctVal>0.7482081125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE 5.0% 07-01-31</title>
        <cusip>54466HQU3</cusip>
        <identifiers>
          <isin value="US54466HQU31"/>
          <other otherDesc="CG Symbol" value="FXL213967"/>
        </identifiers>
        <balance>1170000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1316846.70</valUSD>
        <pctVal>0.1866227137</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-32</title>
        <cusip>56453TAT7</cusip>
        <identifiers>
          <isin value="US56453TAT79"/>
          <other otherDesc="CG Symbol" value="FXM183866"/>
        </identifiers>
        <balance>110000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116255.70</valUSD>
        <pctVal>0.0164756871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-31</title>
        <cusip>56453TAS9</cusip>
        <identifiers>
          <isin value="US56453TAS96"/>
          <other otherDesc="CG Symbol" value="FXM183867"/>
        </identifiers>
        <balance>95000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99967.84</valUSD>
        <pctVal>0.0141673815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-34</title>
        <cusip>56453TAV2</cusip>
        <identifiers>
          <isin value="US56453TAV26"/>
          <other otherDesc="CG Symbol" value="FXM183868"/>
        </identifiers>
        <balance>150000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159659.25</valUSD>
        <pctVal>0.0226268118</pctVal>
        <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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-30</title>
        <cusip>56453TAR1</cusip>
        <identifiers>
          <isin value="US56453TAR14"/>
          <other otherDesc="CG Symbol" value="FXM183870"/>
        </identifiers>
        <balance>80000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83852.08</valUSD>
        <pctVal>0.0118834658</pctVal>
        <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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAIN HOUSE COMMUNITY FACILITIES DISTRICT</name>
        <lei>N/A</lei>
        <title>CITY OF MOUNTAIN HOUSE CA COMMUNITY FACILITIES DISTRICT NO 2024-1 IMPT AREA 1 4.0% 09-01-30</title>
        <cusip>62412KAA5</cusip>
        <identifiers>
          <isin value="US62412KAA51"/>
          <other otherDesc="CG Symbol" value="FXM190128"/>
        </identifiers>
        <balance>325000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>326010.10</valUSD>
        <pctVal>0.0462019532</pctVal>
        <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>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAIN HOUSE COMMUNITY FACILITIES DISTRICT</name>
        <lei>N/A</lei>
        <title>CITY OF MOUNTAIN HOUSE CA COMMUNITY FACILITIES DISTRICT NO 2024-1 IMPT AREA 1 4.25% 09-01-35</title>
        <cusip>62412KAB3</cusip>
        <identifiers>
          <isin value="US62412KAB35"/>
          <other otherDesc="CG Symbol" value="FXM190132"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>401724.00</valUSD>
        <pctVal>0.0569320810</pctVal>
        <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>4.250000000000</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>MORENO VY CALIF UNI SCH DIST FING AUTH</name>
        <lei>N/A</lei>
        <title>MORENO VALLEY UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY 5.0% 09-01-30</title>
        <cusip>61687LBN4</cusip>
        <identifiers>
          <isin value="US61687LBN47"/>
          <other otherDesc="CG Symbol" value="FXM88817"/>
        </identifiers>
        <balance>525000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>541172.10</valUSD>
        <pctVal>0.0766945810</pctVal>
        <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>5.000000000000</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>MANTECA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MANTECA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-27</title>
        <cusip>564538CN4</cusip>
        <identifiers>
          <isin value="US564538CN49"/>
          <other otherDesc="CG Symbol" value="FXM91823"/>
        </identifiers>
        <balance>560000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>542140.48</valUSD>
        <pctVal>0.0768318192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>NEW HAVEN CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NEW HAVEN UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-30</title>
        <cusip>645002WN2</cusip>
        <identifiers>
          <isin value="US645002WN23"/>
          <other otherDesc="CG Symbol" value="FXN140135"/>
        </identifiers>
        <balance>5075000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4481930.43</valUSD>
        <pctVal>0.6351764555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>NAPA VALLEY CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NAPA VALLEY UNIFIED SCHOOL DISTRICT AG 4.0% 08-01-34</title>
        <cusip>630362DV0</cusip>
        <identifiers>
          <isin value="US630362DV06"/>
          <other otherDesc="CG Symbol" value="FXN143333"/>
        </identifiers>
        <balance>1030000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1031955.97</valUSD>
        <pctVal>0.1462481726</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>NEWPORT-MESA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NEWPORT MESA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-31</title>
        <cusip>652113UQ2</cusip>
        <identifiers>
          <isin value="US652113UQ24"/>
          <other otherDesc="CG Symbol" value="FXN145945"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>860341.00</valUSD>
        <pctVal>0.1219270034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>NEWPORT-MESA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>NEWPORT MESA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-30</title>
        <cusip>652113UP4</cusip>
        <identifiers>
          <isin value="US652113UP41"/>
          <other otherDesc="CG Symbol" value="FXN159499"/>
        </identifiers>
        <balance>2575000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2289378.43</valUSD>
        <pctVal>0.3244493192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>NORTHERN CALIF ENERGY AUTH</name>
        <lei>5493001ZIJGWU7HYLH34</lei>
        <title>NORTHERN CALIFORNIA ENERGY AUTHORITY (MPT) 5.0% 12-01-54/08-01-30</title>
        <cusip>664840AL9</cusip>
        <identifiers>
          <isin value="US664840AL93"/>
          <other otherDesc="CG Symbol" value="FXN161530"/>
        </identifiers>
        <balance>6000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6327810.00</valUSD>
        <pctVal>0.8967733859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY FRN 07-20-39</title>
        <cusip>63607WBB9</cusip>
        <identifiers>
          <isin value="US63607WBB90"/>
          <other otherDesc="CG Symbol" value="FXN186985"/>
        </identifiers>
        <balance>3368022.37</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3274734.89</valUSD>
        <pctVal>0.4640934376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.923604000000</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>NAPA VALLEY CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>NAPA VALLEY COMMUNITY COLLEGE DISTRICT NATL 0.0% 08-01-28</title>
        <cusip>630360CS2</cusip>
        <identifiers>
          <isin value="US630360CS20"/>
          <other otherDesc="CG Symbol" value="FXN191699"/>
        </identifiers>
        <balance>1600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1512728.00</valUSD>
        <pctVal>0.2143828924</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>OAKLAND CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>OAKLAND UNIFIED SCHOOL DISTRICT AG 4.0% 08-01-34</title>
        <cusip>672325H67</cusip>
        <identifiers>
          <isin value="US672325H679"/>
          <other otherDesc="CG Symbol" value="FXO102112"/>
        </identifiers>
        <balance>2000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2017534.00</valUSD>
        <pctVal>0.2859236918</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>OAKLAND CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>OAKLAND UNIFIED SCHOOL DISTRICT AG 5.0% 08-01-28</title>
        <cusip>672325G84</cusip>
        <identifiers>
          <isin value="US672325G846"/>
          <other otherDesc="CG Symbol" value="FXO102183"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1031316.00</valUSD>
        <pctVal>0.1461574765</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>OAK PARK CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>OAK PARK UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-29</title>
        <cusip>671556GP7</cusip>
        <identifiers>
          <isin value="US671556GP76"/>
          <other otherDesc="CG Symbol" value="FXO107169"/>
        </identifiers>
        <balance>605000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>550003.69</valUSD>
        <pctVal>0.0779461885</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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>ORANGE CNTY CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>COUNTY OF ORANGE CA COMMUNITY FACILITIES DISTRICT NO 2016-1 5.0% 08-15-26</title>
        <cusip>68423PWN6</cusip>
        <identifiers>
          <isin value="US68423PWN67"/>
          <other otherDesc="CG Symbol" value="FXO117758"/>
        </identifiers>
        <balance>570000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>573332.22</valUSD>
        <pctVal>0.0812522936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN JUAN CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN JUAN UNIFIED SCHOOL DISTRICT 4.0% 08-01-31</title>
        <cusip>798306VX1</cusip>
        <identifiers>
          <isin value="US798306VX14"/>
          <other otherDesc="CG Symbol" value="FXS96544"/>
        </identifiers>
        <balance>1700000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1704700.50</valUSD>
        <pctVal>0.2415891184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-28</title>
        <cusip>89356CAE6</cusip>
        <identifiers>
          <isin value="US89356CAE66"/>
          <other otherDesc="CG Symbol" value="FXT111845"/>
        </identifiers>
        <balance>700000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>726587.40</valUSD>
        <pctVal>0.1029715246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-29</title>
        <cusip>89356CAF3</cusip>
        <identifiers>
          <isin value="US89356CAF32"/>
          <other otherDesc="CG Symbol" value="FXT111846"/>
        </identifiers>
        <balance>660000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>692405.34</valUSD>
        <pctVal>0.0981272638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-30</title>
        <cusip>89356CAG1</cusip>
        <identifiers>
          <isin value="US89356CAG15"/>
          <other otherDesc="CG Symbol" value="FXT111847"/>
        </identifiers>
        <balance>1500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1573833.00</valUSD>
        <pctVal>0.2230426559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTHORITY OF NORTHERN CALIFORNIA</name>
        <lei>N/A</lei>
        <title>SACRAMENTO COUNTY TOBACCO SECURITIZATION CORP 5.0% 06-01-27</title>
        <cusip>888794BH6</cusip>
        <identifiers>
          <isin value="US888794BH65"/>
          <other otherDesc="CG Symbol" value="FXT119792"/>
        </identifiers>
        <balance>1550000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1586770.65</valUSD>
        <pctVal>0.2248761718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TURLOCK IRRIGATION DISTRICT</name>
        <lei>5493001J7IGC81HEQJ12</lei>
        <title>TURLOCK IRRIGATION DISTRICT 5.0% 01-01-31</title>
        <cusip>900190KV0</cusip>
        <identifiers>
          <isin value="US900190KV02"/>
          <other otherDesc="CG Symbol" value="FXT134355"/>
        </identifiers>
        <balance>1600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1753574.40</valUSD>
        <pctVal>0.2485154978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TRANSBAY JOINT POWERS AUTHORITY</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-31</title>
        <cusip>89356CBG0</cusip>
        <identifiers>
          <isin value="US89356CBG06"/>
          <other otherDesc="CG Symbol" value="FXT154803"/>
        </identifiers>
        <balance>765000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>793884.87</valUSD>
        <pctVal>0.1125088811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TRACY COMMUNITY DEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
        <lei>N/A</lei>
        <title>TRACY COMMUNITY DEVELOPMENT AGENCY SUCCESSOR AGENCY AG 5.0% 08-01-30</title>
        <cusip>892372AQ6</cusip>
        <identifiers>
          <isin value="US892372AQ67"/>
          <other otherDesc="CG Symbol" value="FXT15953"/>
        </identifiers>
        <balance>545000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545740.11</valUSD>
        <pctVal>0.0773419566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY AG 5.0% 09-01-33</title>
        <cusip>87975KAJ2</cusip>
        <identifiers>
          <isin value="US87975KAJ25"/>
          <other otherDesc="CG Symbol" value="FXT166264"/>
        </identifiers>
        <balance>550000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>627364.65</valUSD>
        <pctVal>0.0889097368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY AG 5.0% 09-01-32</title>
        <cusip>87975KAH6</cusip>
        <identifiers>
          <isin value="US87975KAH68"/>
          <other otherDesc="CG Symbol" value="FXT166268"/>
        </identifiers>
        <balance>825000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>930427.58</valUSD>
        <pctVal>0.1318596309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>TEMESCAL VALLEY WATER DISTRICT PUBLIC FINANCING AUTHORITY AG 5.0% 09-01-34</title>
        <cusip>87975KAK9</cusip>
        <identifiers>
          <isin value="US87975KAK97"/>
          <other otherDesc="CG Symbol" value="FXT166270"/>
        </identifiers>
        <balance>115000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132576.72</valUSD>
        <pctVal>0.0187886922</pctVal>
        <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>5.000000000000</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>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-31</title>
        <cusip>91412HLS0</cusip>
        <identifiers>
          <isin value="US91412HLS03"/>
          <other otherDesc="CG Symbol" value="FXU120317"/>
        </identifiers>
        <balance>1150000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1277656.90</valUSD>
        <pctVal>0.1810687590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-31</title>
        <cusip>91412HNM1</cusip>
        <identifiers>
          <isin value="US91412HNM15"/>
          <other otherDesc="CG Symbol" value="FXU141057"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>834003.00</valUSD>
        <pctVal>0.1181943981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-36</title>
        <cusip>91412HVK6</cusip>
        <identifiers>
          <isin value="US91412HVK66"/>
          <other otherDesc="CG Symbol" value="FXU190509"/>
        </identifiers>
        <balance>5000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5764040.00</valUSD>
        <pctVal>0.8168762442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA FRN 05-15-48</title>
        <cusip>91412GSG1</cusip>
        <identifiers>
          <isin value="US91412GSG19"/>
          <other otherDesc="CG Symbol" value="FXU19473"/>
        </identifiers>
        <balance>6200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6200000.00</valUSD>
        <pctVal>0.8786602304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.000000000000</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>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-30</title>
        <cusip>91412HWB5</cusip>
        <identifiers>
          <isin value="US91412HWB58"/>
          <other otherDesc="CG Symbol" value="FXU207463"/>
        </identifiers>
        <balance>2350000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2571221.95</valUSD>
        <pctVal>0.3643920114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-36</title>
        <cusip>91412HWH2</cusip>
        <identifiers>
          <isin value="US91412HWH29"/>
          <other otherDesc="CG Symbol" value="FXU207464"/>
        </identifiers>
        <balance>5030000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5871448.58</valUSD>
        <pctVal>0.8320981229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>VERNON CALIF ELEC SYS REV</name>
        <lei>N/A</lei>
        <title>CITY OF VERNON CA ELECTRIC SYSTEM REVENUE 5.0% 04-01-28</title>
        <cusip>924397EN8</cusip>
        <identifiers>
          <isin value="US924397EN84"/>
          <other otherDesc="CG Symbol" value="FXV132724"/>
        </identifiers>
        <balance>3305000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3415112.69</valUSD>
        <pctVal>0.4839876940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>VICTOR VALLEY CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>VICTOR VALLEY UNION HIGH SCHOOL DISTRICT AG 4.0% 08-01-26</title>
        <cusip>926055JX3</cusip>
        <identifiers>
          <isin value="US926055JX36"/>
          <other otherDesc="CG Symbol" value="FXV18909"/>
        </identifiers>
        <balance>270000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>271020.87</valUSD>
        <pctVal>0.0384089129</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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>VICTOR VALLEY CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>VICTOR VALLEY UNION HIGH SCHOOL DISTRICT AG-CR 0.0% 08-01-35</title>
        <cusip>926055HV9</cusip>
        <identifiers>
          <isin value="US926055HV97"/>
          <other otherDesc="CG Symbol" value="FXV205682"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>736593.00</valUSD>
        <pctVal>0.1043895121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>WHITTIER CALIF CITY SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WHITTIER CITY SCHOOL DISTRICT 4.0% 08-01-30</title>
        <cusip>966765PS2</cusip>
        <identifiers>
          <isin value="US966765PS24"/>
          <other otherDesc="CG Symbol" value="FXW102877"/>
        </identifiers>
        <balance>825000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>827094.68</valUSD>
        <pctVal>0.1172153552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT AG 4.0% 08-01-28</title>
        <cusip>9523472X9</cusip>
        <identifiers>
          <isin value="US9523472X91"/>
          <other otherDesc="CG Symbol" value="FXW111286"/>
        </identifiers>
        <balance>600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>623626.20</valUSD>
        <pctVal>0.0883799259</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT AG 4.0% 08-01-30</title>
        <cusip>9523473Y6</cusip>
        <identifiers>
          <isin value="US9523473Y65"/>
          <other otherDesc="CG Symbol" value="FXW111288"/>
        </identifiers>
        <balance>900000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>960543.90</valUSD>
        <pctVal>0.1361276975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>WEST BASIN CALIF MUN WTR DIST</name>
        <lei>54930017XCXSHT6Y5458</lei>
        <title>WEST BASIN MUNICIPAL WATER DISTRICT 5.0% 08-01-31</title>
        <cusip>951254DE8</cusip>
        <identifiers>
          <isin value="US951254DE81"/>
          <other otherDesc="CG Symbol" value="FXW124278"/>
        </identifiers>
        <balance>745000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>844014.23</valUSD>
        <pctVal>0.1196131835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>WOODLAND CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF WOODLAND CA COMMUNITY FACILITIES DISTRICT NO 2004-1 AG 4.0% 09-01-31</title>
        <cusip>979568HD7</cusip>
        <identifiers>
          <isin value="US979568HD72"/>
          <other otherDesc="CG Symbol" value="FXW130523"/>
        </identifiers>
        <balance>260000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>270072.40</valUSD>
        <pctVal>0.0382744963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>WOODLAND CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF WOODLAND CA COMMUNITY FACILITIES DISTRICT NO 2004-1 AG 4.0% 09-01-29</title>
        <cusip>979568HB1</cusip>
        <identifiers>
          <isin value="US979568HB17"/>
          <other otherDesc="CG Symbol" value="FXW130524"/>
        </identifiers>
        <balance>215000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223156.46</valUSD>
        <pctVal>0.0316255978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>WOODLAND CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF WOODLAND CA COMMUNITY FACILITIES DISTRICT NO 2004-1 AG 4.0% 09-01-30</title>
        <cusip>979568HC9</cusip>
        <identifiers>
          <isin value="US979568HC99"/>
          <other otherDesc="CG Symbol" value="FXW130525"/>
        </identifiers>
        <balance>235000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244150.20</valUSD>
        <pctVal>0.0346008179</pctVal>
        <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>4.000000000000</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>WESTSIDE CALIF UN SCH DIST</name>
        <lei>N/A</lei>
        <title>WESTSIDE UNION SCHOOL DISTRICT NATL 0.0% 08-01-27</title>
        <cusip>961488LK7</cusip>
        <identifiers>
          <isin value="US961488LK72"/>
          <other otherDesc="CG Symbol" value="FXW143076"/>
        </identifiers>
        <balance>800000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>771174.40</valUSD>
        <pctVal>0.1092903671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>WHITTIER CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>WHITTIER UNION HIGH SCHOOL DISTRICT 0.0% 08-01-32</title>
        <cusip>966782SQ8</cusip>
        <identifiers>
          <isin value="US966782SQ89"/>
          <other otherDesc="CG Symbol" value="FXW147471"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>819922.00</valUSD>
        <pctVal>0.1161988473</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>0.000000000000</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>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-31</title>
        <cusip>952347RV6</cusip>
        <identifiers>
          <isin value="US952347RV65"/>
          <other otherDesc="CG Symbol" value="FXW85037"/>
        </identifiers>
        <balance>2585000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2194274.67</valUSD>
        <pctVal>0.3109712721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-26</title>
        <cusip>952347RQ7</cusip>
        <identifiers>
          <isin value="US952347RQ70"/>
          <other otherDesc="CG Symbol" value="FXW85251"/>
        </identifiers>
        <balance>2425000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2407831.00</valUSD>
        <pctVal>0.3412363454</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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-36</title>
        <cusip>952347WS7</cusip>
        <identifiers>
          <isin value="US952347WS71"/>
          <other otherDesc="CG Symbol" value="FXW93426"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>700812.00</valUSD>
        <pctVal>0.0993186505</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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>YOSEMITE CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>YOSEMITE CA COMM COLL CABS 10D 0.0% 08-01-31</title>
        <cusip>987388DH5</cusip>
        <identifiers>
          <isin value="US987388DH57"/>
          <other otherDesc="CG Symbol" value="FXY45705"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>429948.00</valUSD>
        <pctVal>0.0609319692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CHEVRON USA INC FRN 11-01-35</title>
        <cusip>13048TGV9</cusip>
        <identifiers>
          <isin value="US13048TGV98"/>
          <other otherDesc="CG Symbol" value="SXC427"/>
        </identifiers>
        <balance>4700000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4700000.00</valUSD>
        <pctVal>0.6660811424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.900000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CHEVRON USA INC FRN 11-01-35</title>
        <cusip>13048TGT4</cusip>
        <identifiers>
          <isin value="US13048TGT43"/>
          <other otherDesc="CG Symbol" value="SXC428"/>
        </identifiers>
        <balance>4100000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4100000.00</valUSD>
        <pctVal>0.5810495072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CHEVRON USA INC FRN 11-01-35</title>
        <cusip>13048TGU1</cusip>
        <identifiers>
          <isin value="US13048TGU16"/>
          <other otherDesc="CG Symbol" value="SXC437"/>
        </identifiers>
        <balance>2030000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2030000.00</valUSD>
        <pctVal>0.2876903658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.900000000000</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>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 5YR FUT FVM6 06-30-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ZFM6"/>
          <other otherDesc="CG Symbol" value="ULU9867"/>
        </identifiers>
        <balance>161.00</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-112263.37</valUSD>
        <pctVal>-0.0159098965</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>UST 5YR FUT FVM6 06-30-26</issueTitle>
                <identifiers>
                  <other otherDesc="CGSymbol" value="ULU9867_REF"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-07-06</expDate>
            <notionalAmt>17361586.339999999851</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-112263.369999999995</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-31</title>
        <cusip>544532MZ4</cusip>
        <identifiers>
          <isin value="US544532MZ41"/>
          <other otherDesc="CG Symbol" value="FXL167493"/>
        </identifiers>
        <balance>1775000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1944406.00</valUSD>
        <pctVal>0.2755600361</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-29</title>
        <cusip>544532MX9</cusip>
        <identifiers>
          <isin value="US544532MX92"/>
          <other otherDesc="CG Symbol" value="FXL167496"/>
        </identifiers>
        <balance>760000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>809557.32</valUSD>
        <pctVal>0.1147299712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
        <lei>N/A</lei>
        <title>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01 AREA NO 2 5.0% 09-01-31</title>
        <cusip>54531MBA3</cusip>
        <identifiers>
          <isin value="US54531MBA36"/>
          <other otherDesc="CG Symbol" value="FXL181466"/>
        </identifiers>
        <balance>260000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277725.50</valUSD>
        <pctVal>0.0393590890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
        <lei>N/A</lei>
        <title>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01 AREA NO 2 5.0% 09-01-29</title>
        <cusip>54531MAY2</cusip>
        <identifiers>
          <isin value="US54531MAY21"/>
          <other otherDesc="CG Symbol" value="FXL181467"/>
        </identifiers>
        <balance>180000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>189581.76</valUSD>
        <pctVal>0.0268674118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
        <lei>N/A</lei>
        <title>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01 AREA NO 2 5.0% 09-01-30</title>
        <cusip>54531MAZ9</cusip>
        <identifiers>
          <isin value="US54531MAZ95"/>
          <other otherDesc="CG Symbol" value="FXL181469"/>
        </identifiers>
        <balance>215000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228621.97</valUSD>
        <pctVal>0.0324001666</pctVal>
        <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>5.000000000000</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>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
        <lei>N/A</lei>
        <title>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01 AREA NO 2 5.0% 09-01-32</title>
        <cusip>54531MBB1</cusip>
        <identifiers>
          <isin value="US54531MBB19"/>
          <other otherDesc="CG Symbol" value="FXL181471"/>
        </identifiers>
        <balance>305000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>327287.57</valUSD>
        <pctVal>0.0463829954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF CMNTY FACS DIST</name>
        <lei>N/A</lei>
        <title>CITY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 4 PLAYA VISTA PHASE 1 AG 5.0% 09-01-30</title>
        <cusip>544386ED3</cusip>
        <identifiers>
          <isin value="US544386ED36"/>
          <other otherDesc="CG Symbol" value="FXL182526"/>
        </identifiers>
        <balance>800000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>878744.80</valUSD>
        <pctVal>0.1245351788</pctVal>
        <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>5.000000000000</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>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES UNIFIED SCHOOL DISTRICT 5.0% 07-01-29</title>
        <cusip>544647JR2</cusip>
        <identifiers>
          <isin value="US544647JR22"/>
          <other otherDesc="CG Symbol" value="FXL193827"/>
        </identifiers>
        <balance>2000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2158778.00</valUSD>
        <pctVal>0.3059407056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-30</title>
        <cusip>13048V2F4</cusip>
        <identifiers>
          <isin value="US13048V2F44"/>
          <other otherDesc="CG Symbol" value="FXC183974"/>
        </identifiers>
        <balance>200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213061.40</valUSD>
        <pctVal>0.0301949321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-29</title>
        <cusip>13048V2E7</cusip>
        <identifiers>
          <isin value="US13048V2E78"/>
          <other otherDesc="CG Symbol" value="FXC183979"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262661.50</valUSD>
        <pctVal>0.0372242281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE BAM 5.0% 07-01-36</title>
        <cusip>544532PH1</cusip>
        <identifiers>
          <isin value="US544532PH16"/>
          <other otherDesc="CG Symbol" value="FXL194525"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>561039.00</valUSD>
        <pctVal>0.0795101060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF LONG BEACH CA MARINA SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>CITY OF LONG BEACH CA MARINA SYSTEM REVENUE 5.0% 05-15-32</title>
        <cusip>542426DH1</cusip>
        <identifiers>
          <isin value="US542426DH13"/>
          <other otherDesc="CG Symbol" value="FXL194671"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1117752.00</valUSD>
        <pctVal>0.1584071338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY 4.0% 09-01-34</title>
        <cusip>13051AJS8</cusip>
        <identifiers>
          <isin value="US13051AJS87"/>
          <other otherDesc="CG Symbol" value="FXC184155"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>498578.50</valUSD>
        <pctVal>0.0706582419</pctVal>
        <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>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY CMNTY FACS DISTRICT NO 2022-6 AREA NO 1 5.0% 09-01-26</title>
        <cusip>13051AHY7</cusip>
        <identifiers>
          <isin value="US13051AHY73"/>
          <other otherDesc="CG Symbol" value="FXC185386"/>
        </identifiers>
        <balance>70000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70380.73</valUSD>
        <pctVal>0.0099743143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF LONG BEACH CA MARINA SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>CITY OF LONG BEACH CA MARINA SYSTEM REVENUE 5.0% 05-15-34</title>
        <cusip>542426DK4</cusip>
        <identifiers>
          <isin value="US542426DK42"/>
          <other otherDesc="CG Symbol" value="FXL194679"/>
        </identifiers>
        <balance>800000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>912688.00</valUSD>
        <pctVal>0.1293455884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-30</title>
        <cusip>544532PY4</cusip>
        <identifiers>
          <isin value="US544532PY49"/>
          <other otherDesc="CG Symbol" value="FXL196682"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1080932.00</valUSD>
        <pctVal>0.1531890258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY CMNTY FACS DISTRICT NO 2022-6 AREA NO 1 5.0% 09-01-27</title>
        <cusip>13051AHZ4</cusip>
        <identifiers>
          <isin value="US13051AHZ49"/>
          <other otherDesc="CG Symbol" value="FXC185387"/>
        </identifiers>
        <balance>105000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107277.98</valUSD>
        <pctVal>0.0152033701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY CMNTY FACS DISTRICT NO 2022-6 AREA NO 1 5.0% 09-01-28</title>
        <cusip>13051AJA7</cusip>
        <identifiers>
          <isin value="US13051AJA79"/>
          <other otherDesc="CG Symbol" value="FXC185390"/>
        </identifiers>
        <balance>140000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145017.46</valUSD>
        <pctVal>0.0205517863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 03-01-35</title>
        <cusip>13063ELX2</cusip>
        <identifiers>
          <isin value="US13063ELX21"/>
          <other otherDesc="CG Symbol" value="FXC191864"/>
        </identifiers>
        <balance>2620000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3040481.18</valUSD>
        <pctVal>0.4308951442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 03-01-28</title>
        <cusip>13063ELF1</cusip>
        <identifiers>
          <isin value="US13063ELF15"/>
          <other otherDesc="CG Symbol" value="FXC191876"/>
        </identifiers>
        <balance>2650000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2776701.80</valUSD>
        <pctVal>0.3935124909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DIST NO 2024-1 5.0% 09-01-33</title>
        <cusip>513533JQ3</cusip>
        <identifiers>
          <isin value="US513533JQ33"/>
          <other otherDesc="CG Symbol" value="FXL198438"/>
        </identifiers>
        <balance>185000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198721.64</valUSD>
        <pctVal>0.0281627100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DIST NO 2024-1 5.0% 09-01-35</title>
        <cusip>513533JS9</cusip>
        <identifiers>
          <isin value="US513533JS98"/>
          <other otherDesc="CG Symbol" value="FXL198444"/>
        </identifiers>
        <balance>125000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134723.50</valUSD>
        <pctVal>0.0190929325</pctVal>
        <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>5.000000000000</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>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LAMMERSVILLE JOINT UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DIST NO 2024-1 5.0% 09-01-34</title>
        <cusip>513533JR1</cusip>
        <identifiers>
          <isin value="US513533JR16"/>
          <other otherDesc="CG Symbol" value="FXL198447"/>
        </identifiers>
        <balance>180000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193964.04</valUSD>
        <pctVal>0.0274884658</pctVal>
        <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>5.000000000000</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>LONG BEACH CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LONG BEACH COMMUNITY COLLEGE DISTRICT 5.0% 08-01-41</title>
        <cusip>542411QR7</cusip>
        <identifiers>
          <isin value="US542411QR70"/>
          <other otherDesc="CG Symbol" value="FXL202692"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>568067.00</valUSD>
        <pctVal>0.0805061099</pctVal>
        <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>5.000000000000</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 EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF SOUTHERN CALIFORNIA 5.0% 10-01-35</title>
        <cusip>130179YD0</cusip>
        <identifiers>
          <isin value="US130179YD07"/>
          <other otherDesc="CG Symbol" value="FXC191929"/>
        </identifiers>
        <balance>2835000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3378852.23</valUSD>
        <pctVal>0.4788488837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY MUNICIPAL CERTIFICATES SERIES 2025-1 FRN 02-20-41</title>
        <cusip>13050WAA9</cusip>
        <identifiers>
          <isin value="US13050WAA99"/>
          <other otherDesc="CG Symbol" value="FXC195614"/>
        </identifiers>
        <balance>3721300.05</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3472423.22</valUSD>
        <pctVal>0.4921097075</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>3.537230000000</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>LONG BEACH CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LONG BEACH COMMUNITY COLLEGE DISTRICT 5.0% 08-01-40</title>
        <cusip>542411QQ9</cusip>
        <identifiers>
          <isin value="US542411QQ97"/>
          <other otherDesc="CG Symbol" value="FXL202693"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>572045.00</valUSD>
        <pctVal>0.0810698696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES COMMUNITY COLLEGE DISTRICT 5.0% 08-01-31</title>
        <cusip>54438CG30</cusip>
        <identifiers>
          <isin value="US54438CG307"/>
          <other otherDesc="CG Symbol" value="FXL206687"/>
        </identifiers>
        <balance>4400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4963877.60</valUSD>
        <pctVal>0.7034777154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOS ANGELES HOUSING AUTHORITY</name>
        <lei>N/A</lei>
        <title>VICTORY BOULEVARD HOUSING PARTNERS LP (MPT) 3.0% 01-01-46</title>
        <cusip>544562DS7</cusip>
        <identifiers>
          <isin value="US544562DS77"/>
          <other otherDesc="CG Symbol" value="FXL206823"/>
        </identifiers>
        <balance>7000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7010080.00</valUSD>
        <pctVal>0.9934642755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-28</title>
        <cusip>544532QV9</cusip>
        <identifiers>
          <isin value="US544532QV90"/>
          <other otherDesc="CG Symbol" value="FXL209497"/>
        </identifiers>
        <balance>1185000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1239302.63</valUSD>
        <pctVal>0.1756332152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 03-01-56</title>
        <cusip>13013JGF7</cusip>
        <identifiers>
          <isin value="US13013JGF75"/>
          <other otherDesc="CG Symbol" value="FXC196947"/>
        </identifiers>
        <balance>10095000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10779148.25</valUSD>
        <pctVal>1.5276143362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 10-01-32</title>
        <cusip>13080S2W3</cusip>
        <identifiers>
          <isin value="US13080S2W34"/>
          <other otherDesc="CG Symbol" value="FXC199967"/>
        </identifiers>
        <balance>5000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5551675.00</valUSD>
        <pctVal>0.7867800056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PLEASANT VIEW 2024 LP HUD SECT 8 FHA 221(D)(4) (MPT) 2.8% 02-01-28</title>
        <cusip>130483JG6</cusip>
        <identifiers>
          <isin value="US130483JG61"/>
          <other otherDesc="CG Symbol" value="FXC201691"/>
        </identifiers>
        <balance>3000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2990583.00</valUSD>
        <pctVal>0.4238236045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.800000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>SJ3 INVESTMENT GROUP LP (MPT) 2.75% 09-01-28</title>
        <cusip>130483JR2</cusip>
        <identifiers>
          <isin value="US130483JR27"/>
          <other otherDesc="CG Symbol" value="FXC202010"/>
        </identifiers>
        <balance>920000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>915484.64</valUSD>
        <pctVal>0.1297419266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 12-01-55</title>
        <cusip>13013JHD1</cusip>
        <identifiers>
          <isin value="US13013JHD19"/>
          <other otherDesc="CG Symbol" value="FXC202951"/>
        </identifiers>
        <balance>14405000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15104766.09</valUSD>
        <pctVal>2.1406382665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-39</title>
        <cusip>13063EMW3</cusip>
        <identifiers>
          <isin value="US13063EMW39"/>
          <other otherDesc="CG Symbol" value="FXC203424"/>
        </identifiers>
        <balance>3265000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3716778.05</valUSD>
        <pctVal>0.5267395254</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>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-32</title>
        <cusip>13063ENR3</cusip>
        <identifiers>
          <isin value="US13063ENR35"/>
          <other otherDesc="CG Symbol" value="FXC203428"/>
        </identifiers>
        <balance>7215000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8159544.51</valUSD>
        <pctVal>1.1563656869</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>5.000000000000</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</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>SUTTER BMR LP (MPT) 2.75% 11-01-29</title>
        <cusip>13034DBE3</cusip>
        <identifiers>
          <isin value="US13034DBE31"/>
          <other otherDesc="CG Symbol" value="FXC203596"/>
        </identifiers>
        <balance>2575000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2560742.23</valUSD>
        <pctVal>0.3629068319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 10-01-56</title>
        <cusip>13013JHG4</cusip>
        <identifiers>
          <isin value="US13013JHG40"/>
          <other otherDesc="CG Symbol" value="FXC203606"/>
        </identifiers>
        <balance>14330000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15368108.19</valUSD>
        <pctVal>2.1779589488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>FOOTHILL FAMILY PRESERVATION LP (MPT) 2.75% 05-01-44</title>
        <cusip>13034DBF0</cusip>
        <identifiers>
          <isin value="US13034DBF06"/>
          <other otherDesc="CG Symbol" value="FXC203610"/>
        </identifiers>
        <balance>2865000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2858393.31</valUSD>
        <pctVal>0.4050897620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</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</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>VA BUILDING 408 LP HUD SECT 8 (MPT) 2.9% 05-01-47</title>
        <cusip>13034DBK9</cusip>
        <identifiers>
          <isin value="US13034DBK90"/>
          <other otherDesc="CG Symbol" value="FXC205041"/>
        </identifiers>
        <balance>4235000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4236346.73</valUSD>
        <pctVal>0.6003724829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.900000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>SECOND STREET FAMILY LP (MPT) 2.93% 12-01-45</title>
        <cusip>130483JX9</cusip>
        <identifiers>
          <isin value="US130483JX94"/>
          <other otherDesc="CG Symbol" value="FXC205527"/>
        </identifiers>
        <balance>3445000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3447893.80</valUSD>
        <pctVal>0.4886334130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.930000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PALMDALE FAMILY HOUSING LP (MPT) 2.95% 01-01-56</title>
        <cusip>130483KM1</cusip>
        <identifiers>
          <isin value="US130483KM11"/>
          <other otherDesc="CG Symbol" value="FXC207096"/>
        </identifiers>
        <balance>355000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355166.85</valUSD>
        <pctVal>0.0503340300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 5.0% 12-01-35</title>
        <cusip>13013JHJ8</cusip>
        <identifiers>
          <isin value="US13013JHJ88"/>
          <other otherDesc="CG Symbol" value="FXC207099"/>
        </identifiers>
        <balance>3985000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4336724.07</valUSD>
        <pctVal>0.6145978985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>6033 DE SOTO LP (MPT) 2.95% 01-01-56</title>
        <cusip>130483KP4</cusip>
        <identifiers>
          <isin value="US130483KP42"/>
          <other otherDesc="CG Symbol" value="FXC207609"/>
        </identifiers>
        <balance>4315000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4314564.19</valUSD>
        <pctVal>0.6114574137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 04-01-56</title>
        <cusip>13013JHK5</cusip>
        <identifiers>
          <isin value="US13013JHK51"/>
          <other otherDesc="CG Symbol" value="FXC209136"/>
        </identifiers>
        <balance>3465000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3715588.80</valUSD>
        <pctVal>0.5265709856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-26</title>
        <cusip>56453TAM2</cusip>
        <identifiers>
          <isin value="US56453TAM27"/>
          <other otherDesc="CG Symbol" value="FXM183863"/>
        </identifiers>
        <balance>25000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25130.98</valUSD>
        <pctVal>0.0035615472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-28</title>
        <cusip>56453TAP5</cusip>
        <identifiers>
          <isin value="US56453TAP57"/>
          <other otherDesc="CG Symbol" value="FXM183864"/>
        </identifiers>
        <balance>50000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51610.25</valUSD>
        <pctVal>0.0073141733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
        <title>CITY OF MANTECA CA COMMUNITY FACILITIES DISTRICT 2023-1 IMPROVEMENT AREA NO 2 5.0% 09-01-27</title>
        <cusip>56453TAN0</cusip>
        <identifiers>
          <isin value="US56453TAN00"/>
          <other otherDesc="CG Symbol" value="FXM183865"/>
        </identifiers>
        <balance>40000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40836.28</valUSD>
        <pctVal>0.0057872928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>CHINO COMMUNITY FACILITIES DISTRICT CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF CHINO CA COMMUNITY FACILITIES DISTRICT NO 2003-3 IMPROVEMENT AREA NO 8 4.0% 09-01-29</title>
        <cusip>169511WF5</cusip>
        <identifiers>
          <isin value="US169511WF51"/>
          <other otherDesc="CG Symbol" value="FXC132494"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509059.00</valUSD>
        <pctVal>0.0721435320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>CHINO COMMUNITY FACILITIES DISTRICT CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF CHINO CA COMMUNITY FACILITIES DISTRICT NO 2003-3 IMPROVEMENT AREA NO 8 4.0% 09-01-27</title>
        <cusip>169511WD0</cusip>
        <identifiers>
          <isin value="US169511WD04"/>
          <other otherDesc="CG Symbol" value="FXC132495"/>
        </identifiers>
        <balance>465000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>468834.39</valUSD>
        <pctVal>0.0664429247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>CHINO COMMUNITY FACILITIES DISTRICT CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF CHINO CA COMMUNITY FACILITIES DISTRICT NO 2003-3 IMPROVEMENT AREA NO 8 4.0% 09-01-28</title>
        <cusip>169511WE8</cusip>
        <identifiers>
          <isin value="US169511WE86"/>
          <other otherDesc="CG Symbol" value="FXC132496"/>
        </identifiers>
        <balance>480000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486633.12</valUSD>
        <pctVal>0.0689653499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COMMUNITY HOSPITALS OF CENTRAL CALIFORNIA OBLIGATED GROUP 5.0% 02-01-29</title>
        <cusip>13048VYU6</cusip>
        <identifiers>
          <isin value="US13048VYU69"/>
          <other otherDesc="CG Symbol" value="FXC132734"/>
        </identifiers>
        <balance>825000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>860050.13</valUSD>
        <pctVal>0.1218857815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COMMUNITY HOSPITALS OF CENTRAL CALIFORNIA OBLIGATED GROUP 5.0% 02-01-28</title>
        <cusip>13048VYT9</cusip>
        <identifiers>
          <isin value="US13048VYT96"/>
          <other otherDesc="CG Symbol" value="FXC132736"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>770640.75</valUSD>
        <pctVal>0.1092147385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>COMMUNITY HOSPITALS OF CENTRAL CALIFORNIA OBLIGATED GROUP 5.0% 02-01-27</title>
        <cusip>13048VYS1</cusip>
        <identifiers>
          <isin value="US13048VYS14"/>
          <other otherDesc="CG Symbol" value="FXC132740"/>
        </identifiers>
        <balance>955000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>966331.08</valUSD>
        <pctVal>0.1369478531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>CALIFORNIA HOUSING FINANCE AGENCY FHLMC COLL 3.75% 03-25-35</title>
        <cusip>13033DAG0</cusip>
        <identifiers>
          <isin value="US13033DAG07"/>
          <other otherDesc="CG Symbol" value="FXC134375"/>
        </identifiers>
        <balance>3738277.92</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3783940.98</valUSD>
        <pctVal>0.5362578150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</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 PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>HOAG MEMORIAL HOSPITAL PRESBYTERIAN OBLIGATED GROUP 5.0% 07-15-30</title>
        <cusip>13057EEZ3</cusip>
        <identifiers>
          <isin value="US13057EEZ34"/>
          <other otherDesc="CG Symbol" value="FXC135279"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>277064.75</valUSD>
        <pctVal>0.0392654479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>HOAG MEMORIAL HOSPITAL PRESBYTERIAN OBLIGATED GROUP 5.0% 07-15-28</title>
        <cusip>13057EEX8</cusip>
        <identifiers>
          <isin value="US13057EEX85"/>
          <other otherDesc="CG Symbol" value="FXC135280"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>264957.00</valUSD>
        <pctVal>0.0375495449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>HOAG MEMORIAL HOSPITAL PRESBYTERIAN OBLIGATED GROUP 5.0% 07-15-34</title>
        <cusip>13057EFD1</cusip>
        <identifiers>
          <isin value="US13057EFD13"/>
          <other otherDesc="CG Symbol" value="FXC135283"/>
        </identifiers>
        <balance>350000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>396277.35</valUSD>
        <pctVal>0.0561601851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>HOAG MEMORIAL HOSPITAL PRESBYTERIAN OBLIGATED GROUP 5.0% 07-15-33</title>
        <cusip>13057EFC3</cusip>
        <identifiers>
          <isin value="US13057EFC30"/>
          <other otherDesc="CG Symbol" value="FXC135284"/>
        </identifiers>
        <balance>330000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>375265.77</valUSD>
        <pctVal>0.0531824368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.5% 12-01-52</title>
        <cusip>13063DZ43</cusip>
        <identifiers>
          <isin value="US13063DZ434"/>
          <other otherDesc="CG Symbol" value="FXC142617"/>
        </identifiers>
        <balance>1410000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1477667.31</valUSD>
        <pctVal>0.2094141127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CHF-IRVINE LLC 5.0% 05-15-29</title>
        <cusip>13078RGB0</cusip>
        <identifiers>
          <isin value="US13078RGB06"/>
          <other otherDesc="CG Symbol" value="FXC16564"/>
        </identifiers>
        <balance>1250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1251817.50</valUSD>
        <pctVal>0.1774068150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>REDLANDS COMMUNITY HOSPITAL OBLIGATED GROUP 5.0% 10-01-30</title>
        <cusip>13080SPD0</cusip>
        <identifiers>
          <isin value="US13080SPD08"/>
          <other otherDesc="CG Symbol" value="FXC166133"/>
        </identifiers>
        <balance>1100000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1106785.90</valUSD>
        <pctVal>0.1568530248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>RADY CHILDREN'S HOSPITAL OBLIGATED GROUP 5.0% 08-15-28</title>
        <cusip>13080SLZ5</cusip>
        <identifiers>
          <isin value="US13080SLZ55"/>
          <other otherDesc="CG Symbol" value="FXC16692"/>
        </identifiers>
        <balance>860000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>910537.04</valUSD>
        <pctVal>0.1290407557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.9% 01-15-27</title>
        <cusip>345105HE3</cusip>
        <identifiers>
          <isin value="US345105HE34"/>
          <other otherDesc="CG Symbol" value="FXF20502"/>
        </identifiers>
        <balance>2000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2045290.00</valUSD>
        <pctVal>0.2898572553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.900000000000</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>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
        <lei>N/A</lei>
        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 0.0% 01-01-28</title>
        <cusip>345105BC3</cusip>
        <identifiers>
          <isin value="US345105BC32"/>
          <other otherDesc="CG Symbol" value="FXF34342"/>
        </identifiers>
        <balance>2000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1920474.00</valUSD>
        <pctVal>0.2721684076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>FOOTHILL-DE ANZA CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>FOOTHILL-DE ANZA COMMUNITY COLLEGE DISTRICT AMBAC 0.0% 08-01-32</title>
        <cusip>345102GS0</cusip>
        <identifiers>
          <isin value="US345102GS08"/>
          <other otherDesc="CG Symbol" value="FXF85346"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>838039.00</valUSD>
        <pctVal>0.1187663776</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>0.000000000000</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>FOLSOM CORDOVA CALIF UNI SCH DIST SCH FACS IMPT DIST NO 1</name>
        <lei>N/A</lei>
        <title>FOLSOM CORDOVA UNIFIED SCHOOL DISTRICT SCHOOL FACILITIES IMPT DIST NO 1 NATL 0.0% 10-01-26</title>
        <cusip>34440NDV5</cusip>
        <identifiers>
          <isin value="US34440NDV55"/>
          <other otherDesc="CG Symbol" value="FXF97256"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>989559.00</valUSD>
        <pctVal>0.1402396998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>GROSSMONT HEALTHCARE DISTRICT</name>
        <lei>N/A</lei>
        <title>GROSSMONT HEALTHCARE DISTRICT 5.0% 07-15-31</title>
        <cusip>399223DN3</cusip>
        <identifiers>
          <isin value="US399223DN31"/>
          <other otherDesc="CG Symbol" value="FXG131685"/>
        </identifiers>
        <balance>625000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>704231.25</valUSD>
        <pctVal>0.0998032246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>GROSSMONT HEALTHCARE DISTRICT</name>
        <lei>N/A</lei>
        <title>GROSSMONT HEALTHCARE DISTRICT 5.0% 07-15-30</title>
        <cusip>399223DM5</cusip>
        <identifiers>
          <isin value="US399223DM57"/>
          <other otherDesc="CG Symbol" value="FXG131686"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554129.50</valUSD>
        <pctVal>0.0785308958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>GLENDALE COMMUNITY COLLEGE DISTRICT</name>
        <lei>N/A</lei>
        <title>GLENDALE COMMUNITY COLLEGE DISTRICT 0.0% 08-01-36</title>
        <cusip>378394HQ6</cusip>
        <identifiers>
          <isin value="US378394HQ64"/>
          <other otherDesc="CG Symbol" value="FXG152974"/>
        </identifiers>
        <balance>1240000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>851681.60</valUSD>
        <pctVal>0.1206997985</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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>GUAM INTL ARPT AUTH</name>
        <lei>N/A</lei>
        <title>ANTONIO B WON PAT INTERNATIONAL AIRPORT AUTHORITY 5.0% 10-01-32</title>
        <cusip>40064RGF0</cusip>
        <identifiers>
          <isin value="US40064RGF01"/>
          <other otherDesc="CG Symbol" value="FXG182645"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>428858.80</valUSD>
        <pctVal>0.0607776084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>GUAM (TERRITORY OF)</name>
        <lei>N/A</lei>
        <title>TERRITORY OF GUAM 5.0% 01-01-33</title>
        <cusip>40065NCZ8</cusip>
        <identifiers>
          <isin value="US40065NCZ87"/>
          <other otherDesc="CG Symbol" value="FXG199888"/>
        </identifiers>
        <balance>595000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>645813.60</valUSD>
        <pctVal>0.0915243107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>GOLDEN STATE TOBACCO SECURITIZATION CORP</name>
        <lei>N/A</lei>
        <title>GOLDEN STATE TOBACCO SECURITIZATION CORP AMBAC ST APPROP 0.0% 06-01-27</title>
        <cusip>38122NGL0</cusip>
        <identifiers>
          <isin value="US38122NGL01"/>
          <other otherDesc="CG Symbol" value="FXG29884"/>
        </identifiers>
        <balance>1325000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1290714.30</valUSD>
        <pctVal>0.1829192458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>GROSSMONT HEALTHCARE DISTRICT</name>
        <lei>N/A</lei>
        <title>GROSSMONT HEALTHCARE DISTRICT AMBAC 0.0% 07-15-32</title>
        <cusip>399223AZ9</cusip>
        <identifiers>
          <isin value="US399223AZ97"/>
          <other otherDesc="CG Symbol" value="FXG85227"/>
        </identifiers>
        <balance>1500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1247485.50</valUSD>
        <pctVal>0.1767928866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>GREENFIELD CALIF UN ELEM SCH DIST</name>
        <lei>N/A</lei>
        <title>GREENFIELD UNION SCHOOL DISTRICT AG 0.0% 08-01-29</title>
        <cusip>394850GN5</cusip>
        <identifiers>
          <isin value="US394850GN54"/>
          <other otherDesc="CG Symbol" value="FXG96388"/>
        </identifiers>
        <balance>1270000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1151968.74</valUSD>
        <pctVal>0.1632563094</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>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>HAYWARD UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>HAYWARD UNIFIED SCHOOL DISTRICT AG 5.0% 08-01-32</title>
        <cusip>421295AT3</cusip>
        <identifiers>
          <isin value="US421295AT33"/>
          <other otherDesc="CG Symbol" value="FXH193755"/>
        </identifiers>
        <balance>1750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000729.50</valUSD>
        <pctVal>0.2835421683</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>5.000000000000</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>HAYWARD UNIFIED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>HAYWARD UNIFIED SCHOOL DISTRICT BAM 5.0% 08-01-40</title>
        <cusip>421295BJ4</cusip>
        <identifiers>
          <isin value="US421295BJ42"/>
          <other otherDesc="CG Symbol" value="FXH205702"/>
        </identifiers>
        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>852274.50</valUSD>
        <pctVal>0.1207838240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>IRVINE CALIF UNI SCH DIST</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>IRVINE UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 09-1 5.0% 09-01-27</title>
        <cusip>463612MK4</cusip>
        <identifiers>
          <isin value="US463612MK44"/>
          <other otherDesc="CG Symbol" value="FXI103050"/>
        </identifiers>
        <balance>140000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>143332.28</valUSD>
        <pctVal>0.0203129636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>IRVINE CALIF UNI SCH DIST</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>IRVINE UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 09-1 5.0% 09-01-28</title>
        <cusip>463612ML2</cusip>
        <identifiers>
          <isin value="US463612ML27"/>
          <other otherDesc="CG Symbol" value="FXI103051"/>
        </identifiers>
        <balance>345000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>359255.40</valUSD>
        <pctVal>0.0509134569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>IRVINE CALIF UNI SCH DIST</name>
        <lei>549300BNIP4XNVC0X742</lei>
        <title>IRVINE UNIFIED SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 09-1 5.0% 09-01-30</title>
        <cusip>463612MN8</cusip>
        <identifiers>
          <isin value="US463612MN82"/>
          <other otherDesc="CG Symbol" value="FXI103052"/>
        </identifiers>
        <balance>210000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>220606.47</valUSD>
        <pctVal>0.0312642148</pctVal>
        <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>5.000000000000</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>IRVINE CALIF</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>CITY OF IRVINE CA ASSESSMENT DISTRICT NO 21-1 4.0% 09-02-28</title>
        <cusip>46360RF93</cusip>
        <identifiers>
          <isin value="US46360RF932"/>
          <other otherDesc="CG Symbol" value="FXI124465"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>513717.50</valUSD>
        <pctVal>0.0728037318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>IRVINE CALIF</name>
        <lei>549300PJ9FL2XGFR8J79</lei>
        <title>CITY OF IRVINE CA ASSESSMENT DISTRICT NO 21-1 BAM 4.0% 09-02-30</title>
        <cusip>46360RG35</cusip>
        <identifiers>
          <isin value="US46360RG351"/>
          <other otherDesc="CG Symbol" value="FXI124467"/>
        </identifiers>
        <balance>1265000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1348176.28</valUSD>
        <pctVal>0.1910627227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>IRVINE FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF IRVINE CA COMMUNITY FACILITIES DISTRICT NO 2013-3 5.0% 09-01-33</title>
        <cusip>46360WAH9</cusip>
        <identifiers>
          <isin value="US46360WAH97"/>
          <other otherDesc="CG Symbol" value="FXI148454"/>
        </identifiers>
        <balance>1200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1389426.00</valUSD>
        <pctVal>0.1969086079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>IRVINE FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF IRVINE CA COMMUNITY FACILITIES DISTRICT NO 2013-3 5.0% 09-01-34</title>
        <cusip>46360WAJ5</cusip>
        <identifiers>
          <isin value="US46360WAJ53"/>
          <other otherDesc="CG Symbol" value="FXI148455"/>
        </identifiers>
        <balance>2120000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2445420.00</valUSD>
        <pctVal>0.3465634356</pctVal>
        <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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF IMPERIAL CA</name>
        <lei>N/A</lei>
        <title>CITY OF IMPERIAL CA COMMUNITY FACILITIES DISTRICT NO 2006-2 AREA NO 1 2.25% 09-01-26</title>
        <cusip>452676HR3</cusip>
        <identifiers>
          <isin value="US452676HR32"/>
          <other otherDesc="CG Symbol" value="FXI212855"/>
        </identifiers>
        <balance>210000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>208572.21</valUSD>
        <pctVal>0.0295587268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000</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>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
        <lei>N/A</lei>
        <title>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY BAM 5.0% 05-01-31</title>
        <cusip>34637QAP7</cusip>
        <identifiers>
          <isin value="US34637QAP72"/>
          <other otherDesc="CG Symbol" value="FXI73290"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510822.00</valUSD>
        <pctVal>0.0723933833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>LOS ANGELES DEPARTMENT OF WATER &amp; POWER POWER SYSTEM REVENUE 5.0% 07-01-27</title>
        <cusip>84247PMH1</cusip>
        <identifiers>
          <isin value="US84247PMH19"/>
          <other otherDesc="CG Symbol" value="FXS120266"/>
        </identifiers>
        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>410436.80</valUSD>
        <pctVal>0.0581668537</pctVal>
        <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>5.000000000000</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>SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION</name>
        <lei>W4FR340A6EQ2SSI17B56</lei>
        <title>SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION 5.0% 04-01-29</title>
        <cusip>797400NJ3</cusip>
        <identifiers>
          <isin value="US797400NJ35"/>
          <other otherDesc="CG Symbol" value="FXS120539"/>
        </identifiers>
        <balance>320000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>345818.56</valUSD>
        <pctVal>0.0490091961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT SJC 5.0% 03-01-29</title>
        <cusip>798136XK8</cusip>
        <identifiers>
          <isin value="US798136XK88"/>
          <other otherDesc="CG Symbol" value="FXS121183"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>537816.00</valUSD>
        <pctVal>0.0762189565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT SJC 5.0% 03-01-30</title>
        <cusip>798136XL6</cusip>
        <identifiers>
          <isin value="US798136XL61"/>
          <other otherDesc="CG Symbol" value="FXS121184"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274891.00</valUSD>
        <pctVal>0.0389573854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT SJC 5.0% 03-01-32</title>
        <cusip>798136XN2</cusip>
        <identifiers>
          <isin value="US798136XN28"/>
          <other otherDesc="CG Symbol" value="FXS121298"/>
        </identifiers>
        <balance>1250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1398167.50</valUSD>
        <pctVal>0.1981474480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA 5.0% 10-15-31</title>
        <cusip>797299NK6</cusip>
        <identifiers>
          <isin value="US797299NK69"/>
          <other otherDesc="CG Symbol" value="FXS121571"/>
        </identifiers>
        <balance>150000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>167043.90</valUSD>
        <pctVal>0.0236733599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA 5.0% 10-15-30</title>
        <cusip>797299NJ9</cusip>
        <identifiers>
          <isin value="US797299NJ96"/>
          <other otherDesc="CG Symbol" value="FXS121572"/>
        </identifiers>
        <balance>200000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223351.80</valUSD>
        <pctVal>0.0316532813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SANTA ROSA CALIF HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>SANTA ROSA HIGH SCHOOL DISTRICT BAM 4.0% 08-01-27</title>
        <cusip>802615L36</cusip>
        <identifiers>
          <isin value="US802615L363"/>
          <other otherDesc="CG Symbol" value="FXS123408"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510496.50</valUSD>
        <pctVal>0.0723472536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SANTA ROSA CALIF HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>SANTA ROSA HIGH SCHOOL DISTRICT BAM 4.0% 08-01-29</title>
        <cusip>802615L51</cusip>
        <identifiers>
          <isin value="US802615L512"/>
          <other otherDesc="CG Symbol" value="FXS123409"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525251.00</valUSD>
        <pctVal>0.0744382524</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>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT NO 2</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT 4.0% 09-01-27</title>
        <cusip>802808FC4</cusip>
        <identifiers>
          <isin value="US802808FC46"/>
          <other otherDesc="CG Symbol" value="FXS127756"/>
        </identifiers>
        <balance>635000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>644137.65</valUSD>
        <pctVal>0.0912867961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT NO 2</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT 4.0% 09-01-28</title>
        <cusip>802808FD2</cusip>
        <identifiers>
          <isin value="US802808FD29"/>
          <other otherDesc="CG Symbol" value="FXS127760"/>
        </identifiers>
        <balance>875000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>897383.38</valUSD>
        <pctVal>0.1271766270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT NO 2</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA COMMUNITY FACILITIES DISTRICT 4.0% 09-01-29</title>
        <cusip>802808FE0</cusip>
        <identifiers>
          <isin value="US802808FE02"/>
          <other otherDesc="CG Symbol" value="FXS127761"/>
        </identifiers>
        <balance>430000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>443128.76</valUSD>
        <pctVal>0.0627999384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>SAN DIEGO CNTY CALIF WTR AUTH</name>
        <lei>549300Y0QN5OFKA1G520</lei>
        <title>SAN DIEGO COUNTY WATER AUTHORITY 5.0% 05-01-29</title>
        <cusip>79741TAY0</cusip>
        <identifiers>
          <isin value="US79741TAY01"/>
          <other otherDesc="CG Symbol" value="FXS134207"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>540073.00</valUSD>
        <pctVal>0.0765388172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN DIEGO CNTY CALIF WTR AUTH</name>
        <lei>549300Y0QN5OFKA1G520</lei>
        <title>SAN DIEGO COUNTY WATER AUTHORITY 5.0% 05-01-28</title>
        <cusip>79741TAX2</cusip>
        <identifiers>
          <isin value="US79741TAX28"/>
          <other otherDesc="CG Symbol" value="FXS134208"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263525.25</valUSD>
        <pctVal>0.0373466382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN FRANCISCO CALIF UNIFIED SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO UNIFIED SCHOOL DISTRICT 5.0% 06-15-31</title>
        <cusip>79771TPS0</cusip>
        <identifiers>
          <isin value="US79771TPS05"/>
          <other otherDesc="CG Symbol" value="FXS137807"/>
        </identifiers>
        <balance>3000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3293334.00</valUSD>
        <pctVal>0.4667292921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SACRAMENTO CALIF CITY UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CITY UNIFIED SCHOOL DISTRICT BAM 5.0% 07-01-30</title>
        <cusip>785870F92</cusip>
        <identifiers>
          <isin value="US785870F920"/>
          <other otherDesc="CG Symbol" value="FXS139057"/>
        </identifiers>
        <balance>1050000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1158836.70</valUSD>
        <pctVal>0.1642296325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>SAN DIEGO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN DIEGO UNIFIED SCHOOL DISTRICT 0.0% 07-01-33</title>
        <cusip>797355M35</cusip>
        <identifiers>
          <isin value="US797355M353"/>
          <other otherDesc="CG Symbol" value="FXS141477"/>
        </identifiers>
        <balance>800000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>644584.00</valUSD>
        <pctVal>0.0913500526</pctVal>
        <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>0.000000000000</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>STOCKTON CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>STOCKTON UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-33</title>
        <cusip>861419RK7</cusip>
        <identifiers>
          <isin value="US861419RK72"/>
          <other otherDesc="CG Symbol" value="FXS144704"/>
        </identifiers>
        <balance>2500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000012.50</valUSD>
        <pctVal>0.2834405555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>SAN DIEGO CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>SAN DIEGO UNIFIED SCHOOL DISTRICT 0.0% 07-01-34</title>
        <cusip>797355Q80</cusip>
        <identifiers>
          <isin value="US797355Q800"/>
          <other otherDesc="CG Symbol" value="FXS145883"/>
        </identifiers>
        <balance>3000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2306505.00</valUSD>
        <pctVal>0.3268764862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</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>SACRAMENTO MUNICIPAL UTILITY DISTRICT</name>
        <lei>E3GSVR6ZOU1MX2V7HF33</lei>
        <title>SACRAMENTO MUNICIPAL UTILITY DISTRICT (MPT) 5.0% 08-15-49</title>
        <cusip>786005F52</cusip>
        <identifiers>
          <isin value="US786005F526"/>
          <other otherDesc="CG Symbol" value="FXS150594"/>
        </identifiers>
        <balance>3150000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3462583.95</valUSD>
        <pctVal>0.4907152921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>GRANADA HILLS CHARTER HIGH SCHOOL OBLIGATED GROUP 4.0% 07-01-27</title>
        <cusip>13059TGA1</cusip>
        <identifiers>
          <isin value="US13059TGA16"/>
          <other otherDesc="CG Symbol" value="FXC103394"/>
        </identifiers>
        <balance>740000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>740593.48</valUSD>
        <pctVal>0.1049564577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>GRANADA HILLS CHARTER HIGH SCHOOL OBLIGATED GROUP 4.0% 07-01-29</title>
        <cusip>13059TGC7</cusip>
        <identifiers>
          <isin value="US13059TGC71"/>
          <other otherDesc="CG Symbol" value="FXC103395"/>
        </identifiers>
        <balance>805000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>805562.70</valUSD>
        <pctVal>0.1141638561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
        <title>GRANADA HILLS CHARTER HIGH SCHOOL OBLIGATED GROUP 5.0% 07-01-31</title>
        <cusip>13059TGE3</cusip>
        <identifiers>
          <isin value="US13059TGE38"/>
          <other otherDesc="CG Symbol" value="FXC103396"/>
        </identifiers>
        <balance>875000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>876763.13</valUSD>
        <pctVal>0.1242543377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 PUB FIN AUTH</name>
        <lei>N/A</lei>
        <title>O'CONNOR WOODS HOUSING CORP CA MTG INS 4.0% 01-01-29</title>
        <cusip>13057EET7</cusip>
        <identifiers>
          <isin value="US13057EET73"/>
          <other otherDesc="CG Symbol" value="FXC128533"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>514837.50</valUSD>
        <pctVal>0.0729624575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA INSTITUTE OF THE ARTS 4.0% 10-01-33</title>
        <cusip>13048VWM6</cusip>
        <identifiers>
          <isin value="US13048VWM61"/>
          <other otherDesc="CG Symbol" value="FXC128717"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251371.25</valUSD>
        <pctVal>0.0356241807</pctVal>
        <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>4.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 4.0% 02-01-52</title>
        <cusip>13013JAP1</cusip>
        <identifiers>
          <isin value="US13013JAP12"/>
          <other otherDesc="CG Symbol" value="FXC128830"/>
        </identifiers>
        <balance>5230000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5281782.23</valUSD>
        <pctVal>0.7485309663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CHF-IRVINE LLC BAM 5.0% 05-15-29</title>
        <cusip>13078RHP8</cusip>
        <identifiers>
          <isin value="US13078RHP82"/>
          <other otherDesc="CG Symbol" value="FXC130759"/>
        </identifiers>
        <balance>1915000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2032559.94</valUSD>
        <pctVal>0.2880531589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CHF-IRVINE LLC BAM 5.0% 05-15-31</title>
        <cusip>13078RHR4</cusip>
        <identifiers>
          <isin value="US13078RHR49"/>
          <other otherDesc="CG Symbol" value="FXC130760"/>
        </identifiers>
        <balance>3000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3272322.00</valUSD>
        <pctVal>0.4637514843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CHF-IRVINE LLC BAM 5.0% 05-15-32</title>
        <cusip>13078RHS2</cusip>
        <identifiers>
          <isin value="US13078RHS22"/>
          <other otherDesc="CG Symbol" value="FXC130761"/>
        </identifiers>
        <balance>3500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3814356.00</valUSD>
        <pctVal>0.5405682132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>CAHFA 2021-3 A 3.25% 08-20-36</title>
        <cusip>13033DAJ4</cusip>
        <identifiers>
          <isin value="US13033DAJ46"/>
          <other otherDesc="CG Symbol" value="FXC131744"/>
        </identifiers>
        <balance>1170072.02</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1129148.75</valUSD>
        <pctVal>0.1600222743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 10-01-31</title>
        <cusip>13063DM70</cusip>
        <identifiers>
          <isin value="US13063DM705"/>
          <other otherDesc="CG Symbol" value="FXC131916"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1116810.00</valUSD>
        <pctVal>0.1582736342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 4.0% 10-01-52</title>
        <cusip>13013JAX4</cusip>
        <identifiers>
          <isin value="US13013JAX46"/>
          <other otherDesc="CG Symbol" value="FXC131961"/>
        </identifiers>
        <balance>1600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1620334.40</valUSD>
        <pctVal>0.2296328060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>CHINO COMMUNITY FACILITIES DISTRICT CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF CHINO CA COMMUNITY FACILITIES DISTRICT NO 2003-3 IMPROVEMENT AREA NO 8 4.0% 09-01-31</title>
        <cusip>169511WH1</cusip>
        <identifiers>
          <isin value="US169511WH18"/>
          <other otherDesc="CG Symbol" value="FXC132491"/>
        </identifiers>
        <balance>540000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>550815.12</valUSD>
        <pctVal>0.0780611839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>CHINO COMMUNITY FACILITIES DISTRICT CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF CHINO CA COMMUNITY FACILITIES DISTRICT NO 2003-3 IMPROVEMENT AREA NO 8 4.0% 09-01-30</title>
        <cusip>169511WG3</cusip>
        <identifiers>
          <isin value="US169511WG35"/>
          <other otherDesc="CG Symbol" value="FXC132492"/>
        </identifiers>
        <balance>520000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>529857.12</valUSD>
        <pctVal>0.0750910289</pctVal>
        <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>4.000000000000</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>CENTRAL VALLEY ENERGY AUTH CALIF</name>
        <lei>254900G5IPQ9MA3FRJ55</lei>
        <title>CENTRAL VALLEY ENERGY AUTHORITY 5.0% 08-01-34</title>
        <cusip>15569DAG7</cusip>
        <identifiers>
          <isin value="US15569DAG79"/>
          <other otherDesc="CG Symbol" value="FXC210005"/>
        </identifiers>
        <balance>4365000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4646031.80</valUSD>
        <pctVal>0.6584328019</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>EL CAMINO PA LP (MPT) 2.5% 03-01-46</title>
        <cusip>130483KW9</cusip>
        <identifiers>
          <isin value="US130483KW92"/>
          <other otherDesc="CG Symbol" value="FXC210569"/>
        </identifiers>
        <balance>2160000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2127232.80</valUSD>
        <pctVal>0.3014701391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUNICIPAL FINANCE AUTHORITY MUNICIPAL CERTIFICATES SERIES 2026-1 4.05% 07-20-41</title>
        <cusip>13050WAG6</cusip>
        <identifiers>
          <isin value="US13050WAG69"/>
          <other otherDesc="CG Symbol" value="FXC210570"/>
        </identifiers>
        <balance>2418037.50</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2377907.75</valUSD>
        <pctVal>0.3369956406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.050000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 5.0% 03-01-36</title>
        <cusip>13013JHM1</cusip>
        <identifiers>
          <isin value="US13013JHM18"/>
          <other otherDesc="CG Symbol" value="FXC210787"/>
        </identifiers>
        <balance>3535000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3699052.28</valUSD>
        <pctVal>0.5242274401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 5.25% 02-01-36</title>
        <cusip>13013JHW9</cusip>
        <identifiers>
          <isin value="US13013JHW99"/>
          <other otherDesc="CG Symbol" value="FXC212209"/>
        </identifiers>
        <balance>3680000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3966697.76</valUSD>
        <pctVal>0.5621579948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>SANTA MONICA TOWERS LP HUD SECT 8 (MPT) 2.6% 10-01-47</title>
        <cusip>13034DBU7</cusip>
        <identifiers>
          <isin value="US13034DBU72"/>
          <other otherDesc="CG Symbol" value="FXC212211"/>
        </identifiers>
        <balance>1760000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1735796.48</valUSD>
        <pctVal>0.2459960218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.600000000000</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)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 10-01-35</title>
        <cusip>13063ETA4</cusip>
        <identifiers>
          <isin value="US13063ETA46"/>
          <other otherDesc="CG Symbol" value="FXC212428"/>
        </identifiers>
        <balance>7000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8152767.00</valUSD>
        <pctVal>1.1554051823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 PUBLIC WORKS BOARD</name>
        <lei>N/A</lei>
        <title>CALIFORNIA STATE PUBLIC WORKS BOARD 5.0% 09-01-34</title>
        <cusip>13068XSS9</cusip>
        <identifiers>
          <isin value="US13068XSS98"/>
          <other otherDesc="CG Symbol" value="FXC213090"/>
        </identifiers>
        <balance>3775000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4364062.33</valUSD>
        <pctVal>0.6184722600</pctVal>
        <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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRG - POTRERO PROPERTIES LLC 5.0% 03-01-33</title>
        <cusip>13048V5U8</cusip>
        <identifiers>
          <isin value="US13048V5U83"/>
          <other otherDesc="CG Symbol" value="FXC213582"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1119959.00</valUSD>
        <pctVal>0.1587199085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>DEL MAR UN SCH DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 5.0% 09-01-27</title>
        <cusip>245157DU3</cusip>
        <identifiers>
          <isin value="US245157DU37"/>
          <other otherDesc="CG Symbol" value="FXD105328"/>
        </identifiers>
        <balance>880000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>905369.52</valUSD>
        <pctVal>0.1283084179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>DEL MAR UN SCH DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 5.0% 09-01-28</title>
        <cusip>245157DV1</cusip>
        <identifiers>
          <isin value="US245157DV10"/>
          <other otherDesc="CG Symbol" value="FXD105330"/>
        </identifiers>
        <balance>925000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>967685.05</valUSD>
        <pctVal>0.1371397369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>DEL MAR UN SCH DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR UNION SCHOOL DISTRICT COMMUNITY FACILITIES DISTRICT NO 99-1 5.0% 09-01-29</title>
        <cusip>245157DW9</cusip>
        <identifiers>
          <isin value="US245157DW92"/>
          <other otherDesc="CG Symbol" value="FXD105331"/>
        </identifiers>
        <balance>675000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>715971.15</valUSD>
        <pctVal>0.1014669961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RIVER ISLANDS PUB FING AUTH CALIF</name>
        <lei>N/A</lei>
        <title>RIVER ISLANDS PUBLIC FINANCING AUTHORITY CMNTY FACS DISTRICT NO 2003-1 AREA 1 AG 5.0% 09-01-28</title>
        <cusip>76827QGD9</cusip>
        <identifiers>
          <isin value="US76827QGD97"/>
          <other otherDesc="CG Symbol" value="FXR139586"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>527940.50</valUSD>
        <pctVal>0.0748194067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>RIVER ISLANDS PUB FING AUTH CALIF</name>
        <lei>N/A</lei>
        <title>RIVER ISLANDS PUBLIC FINANCING AUTHORITY CMNTY FACS DISTRICT NO 2003-1 AREA 1 AG 5.0% 09-01-29</title>
        <cusip>76827QGE7</cusip>
        <identifiers>
          <isin value="US76827QGE70"/>
          <other otherDesc="CG Symbol" value="FXR139587"/>
        </identifiers>
        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>538907.00</valUSD>
        <pctVal>0.0763735724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIVERSIDE CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>RIVERSIDE COMMUNITY COLLEGE DISTRICT 3.0% 08-01-34</title>
        <cusip>76886PHJ5</cusip>
        <identifiers>
          <isin value="US76886PHJ57"/>
          <other otherDesc="CG Symbol" value="FXR145949"/>
        </identifiers>
        <balance>580000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>569875.52</valUSD>
        <pctVal>0.0807624122</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-22</ncom:dateSigned>
      <ncom:nameOfApplicant>CAPITAL GROUP PRIVATE CLIENT SERVICES FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Scott Lewis</ncom:signature>
      <ncom:signerName>Scott Lewis</ncom:signerName>
      <ncom:title>Compliance Specialist Senior</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
