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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FREDDIE MAC MULTIFAMILY PASS THROUGH CERTIFICATES</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ANAHEIM CALIF UN HIGH SCH DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BAY AREA TOLL AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTHORITY</name>
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          <isin value="US072024L346"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTHORITY</name>
        <lei>5493001FUZGUQMIP5D78</lei>
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        <cusip>072024VE9</cusip>
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          <isin value="US072024VE91"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US13059TFQ76"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARSON PUBLIC FINANCING AUTHORITY</name>
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          <isin value="US14601GBV95"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US13048VKN72"/>
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        <balance>1600000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1601515.20</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <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>
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          <isin value="US13048VKP21"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <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>
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          <isin value="US13048VKV98"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-31</title>
        <cusip>13048VKR8</cusip>
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          <isin value="US13048VKR86"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>HUMANGOOD CALIFORNIA OBLIGATED GROUP 4.0% 10-01-30</title>
        <cusip>13048VKQ0</cusip>
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          <isin value="US13048VKQ04"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>COMPTON CALIF UNI SCH DIST</name>
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        <cusip>204736FE7</cusip>
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          <other otherDesc="CG Symbol" value="FXC102313"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <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>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US13035AAJ88"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US13035AAG40"/>
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        <valUSD>125559.13</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </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"/>
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        <curCd>USD</curCd>
        <valUSD>740229.40</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH</name>
        <lei>N/A</lei>
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          <isin value="US13059TGC71"/>
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        <curCd>USD</curCd>
        <valUSD>805137.66</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
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        <cusip>56453TAS9</cusip>
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          <isin value="US56453TAS96"/>
          <other otherDesc="CG Symbol" value="FXM183867"/>
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        <curCd>USD</curCd>
        <valUSD>98589.10</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <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>
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          <isin value="US56453TAV26"/>
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        <curCd>USD</curCd>
        <valUSD>156515.40</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITY OF MANTECA CA</name>
        <lei>N/A</lei>
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        <cusip>56453TAR1</cusip>
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          <isin value="US56453TAR14"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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"/>
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        <curCd>USD</curCd>
        <valUSD>323417.58</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 12-01-55</title>
        <cusip>13013JHD1</cusip>
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          <isin value="US13013JHD19"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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          <isin value="US13063EMW39"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 08-01-32</title>
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          <isin value="US13063ENR35"/>
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        <balance>7215000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>8019183.90</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>SUTTER BMR LP (MPT) 2.75% 11-01-29</title>
        <cusip>13034DBE3</cusip>
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          <other otherDesc="CG Symbol" value="FXC203596"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
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          <isin value="US13034DBF06"/>
          <other otherDesc="CG Symbol" value="FXC203610"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>VA BUILDING 408 LP HUD SECT 8 (MPT) 2.9% 05-01-47</title>
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          <other otherDesc="CG Symbol" value="FXC205041"/>
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        <curCd>USD</curCd>
        <valUSD>4215239.49</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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        <curCd>USD</curCd>
        <valUSD>3430269.18</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PALMDALE FAMILY HOUSING LP (MPT) 2.95% 01-01-56</title>
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          <isin value="US130483KM11"/>
          <other otherDesc="CG Symbol" value="FXC207096"/>
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        <balance>355000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>354213.32</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 5.0% 12-01-35</title>
        <cusip>13013JHJ8</cusip>
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          <isin value="US13013JHJ88"/>
          <other otherDesc="CG Symbol" value="FXC207099"/>
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        <balance>3985000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4253780.28</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>4315000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>4300031.27</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <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"/>
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        <curCd>USD</curCd>
        <valUSD>2549018.97</valUSD>
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        <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>
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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>2365000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2474620.12</valUSD>
        <pctVal>0.3506199311</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA 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"/>
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        <balance>2160000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2115516.96</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>2411566.61</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2278884.63</valUSD>
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        <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>
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      <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"/>
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        <balance>3535000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3630657.10</valUSD>
        <pctVal>0.5144146094</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA 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"/>
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        <balance>3680000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3918324.16</valUSD>
        <pctVal>0.5551731096</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>1760000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1714106.24</valUSD>
        <pctVal>0.2428654835</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>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>400000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>393898.80</valUSD>
        <pctVal>0.0558100894</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>525000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>539358.23</valUSD>
        <pctVal>0.0764197074</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>7000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7978971.00</valUSD>
        <pctVal>1.1305114025</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>3775000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4267890.43</valUSD>
        <pctVal>0.6047018840</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>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1101226.00</valUSD>
        <pctVal>0.1560287097</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>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1105745.00</valUSD>
        <pctVal>0.1566689904</pctVal>
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        <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>
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          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>560000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>544216.96</valUSD>
        <pctVal>0.0771081232</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>
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        <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"/>
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        <balance>5075000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4447400.13</valUSD>
        <pctVal>0.6301359610</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>2495000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>2462078.48</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>3150000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3519482.40</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>1030000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1030220.42</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850576.00</valUSD>
        <pctVal>0.1205150221</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>RANCHO CORDOVA OWNER LP (MPT) 3.0% 06-01-45</title>
        <cusip>130483MC1</cusip>
        <identifiers>
          <isin value="US130483MC11"/>
          <other otherDesc="CG Symbol" value="FXC216610"/>
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        <balance>1185000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1173349.08</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>WARNER CENTER II LP (MPT) 2.95% 06-01-58</title>
        <cusip>130483MD9</cusip>
        <identifiers>
          <isin value="US130483MD93"/>
          <other otherDesc="CG Symbol" value="FXC217223"/>
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        <balance>2210000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2194448.23</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>2575000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2272584.28</valUSD>
        <pctVal>0.3219942072</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>6000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6272028.00</valUSD>
        <pctVal>0.8886608525</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 5.0% 07-01-35</title>
        <cusip>13013JJD9</cusip>
        <identifiers>
          <isin value="US13013JJD90"/>
          <other otherDesc="CG Symbol" value="FXC217228"/>
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        <balance>4395000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4752440.96</valUSD>
        <pctVal>0.6733560875</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>SV INVESTORS LP (MPT) 2.875% 07-01-31</title>
        <cusip>13034DCH5</cusip>
        <identifiers>
          <isin value="US13034DCH52"/>
          <other otherDesc="CG Symbol" value="FXC217458"/>
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        <balance>2005000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1985166.54</valUSD>
        <pctVal>0.2812710322</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>2.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>WESTERN UNIVERSITY OF HEALTH SCIENCES 5.0% 06-01-32</title>
        <cusip>130179YX6</cusip>
        <identifiers>
          <isin value="US130179YX60"/>
          <other otherDesc="CG Symbol" value="FXC218440"/>
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        <balance>410000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>447056.62</valUSD>
        <pctVal>0.0633418277</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>WESTERN UNIVERSITY OF HEALTH SCIENCES 5.0% 06-01-33</title>
        <cusip>130179YY4</cusip>
        <identifiers>
          <isin value="US130179YY44"/>
          <other otherDesc="CG Symbol" value="FXC218448"/>
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        <balance>635000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>697911.99</valUSD>
        <pctVal>0.0988846134</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>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 5.0% 06-01-36</title>
        <cusip>13013JJE7</cusip>
        <identifiers>
          <isin value="US13013JJE73"/>
          <other otherDesc="CG Symbol" value="FXC218724"/>
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        <balance>6260000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6669097.26</valUSD>
        <pctVal>0.9449201528</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>OLIVE PARK APARTMENTS I LP (MPT) 2.95% 09-01-56</title>
        <cusip>130483NC0</cusip>
        <identifiers>
          <isin value="US130483NC02"/>
          <other otherDesc="CG Symbol" value="FXC218908"/>
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        <balance>5025000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4981242.30</valUSD>
        <pctVal>0.7057741178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.950000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>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>2218892.00</valUSD>
        <pctVal>0.3143867432</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>3260000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3260945.40</valUSD>
        <pctVal>0.4620315023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ORANGE CNTY CALIF CMNTY FACS DIST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US54531MAY21"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LA HABRA CALIF CITY SCH DIST</name>
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          <isin value="US503426PM48"/>
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        <curCd>USD</curCd>
        <valUSD>1010000.00</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>LONG BEACH CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US542411JF16"/>
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        <curCd>USD</curCd>
        <valUSD>3779664.67</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF DEPARTMENT OF WATER &amp; POWER</name>
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        <cusip>5444955V2</cusip>
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          <isin value="US5444955V27"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ONTARIO CALIF</name>
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        <cusip>68304NGK9</cusip>
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          <isin value="US68304NGK90"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OXNARD CALIF UN HIGH SCH DIST</name>
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          <isin value="US692039TX82"/>
          <other otherDesc="CG Symbol" value="FXO190133"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <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"/>
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        <balance>4780000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>4596820.84</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MADERA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>MADERA UNIFIED SCHOOL DISTRICT AG 0.0% 08-01-29</title>
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          <isin value="US556452DB32"/>
          <other otherDesc="CG Symbol" value="FXM108803"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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          <isin value="US5868103V36"/>
          <other otherDesc="CG Symbol" value="FXM132515"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <other otherDesc="CG Symbol" value="FXM133153"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <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>
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          <isin value="US624454MW14"/>
          <other otherDesc="CG Symbol" value="FXM138166"/>
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        <curCd>USD</curCd>
        <valUSD>2611576.30</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <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>
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          <other otherDesc="CG Symbol" value="FXS121298"/>
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        <curCd>USD</curCd>
        <valUSD>1362286.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <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>
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          <isin value="US797299NK69"/>
          <other otherDesc="CG Symbol" value="FXS121571"/>
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        <curCd>USD</curCd>
        <valUSD>162754.95</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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>
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          <isin value="US797299NJ96"/>
          <other otherDesc="CG Symbol" value="FXS121572"/>
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        <balance>200000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>217802.40</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANTA ROSA CALIF HIGH SCH DIST</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>220000.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>575000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>587460.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>855000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>908297.28</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      </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"/>
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        <balance>1000000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>914747.00</valUSD>
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        <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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN 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"/>
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        <balance>2500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2724925.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>700000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>799474.20</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAN 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"/>
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        <balance>4248000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>4237872.77</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CITY OF SAN DIEGO CA WATER UTILITY REVENUE 5.0% 08-01-38</title>
        <cusip>79730CPJ7</cusip>
        <identifiers>
          <isin value="US79730CPJ70"/>
          <other otherDesc="CG Symbol" value="FXS218913"/>
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        <balance>3280000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3692594.48</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>200000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>208335.20</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CNTY CALIF ARPT SYS REV</name>
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        <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"/>
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        <balance>1015000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1037174.71</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <isin value="US861419XE49"/>
          <other otherDesc="CG Symbol" value="FXS95378"/>
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        <curCd>USD</curCd>
        <valUSD>2239182.66</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SAN JUAN CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>798306VX1</cusip>
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          <isin value="US798306VX14"/>
          <other otherDesc="CG Symbol" value="FXS96544"/>
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        <curCd>USD</curCd>
        <valUSD>1700000.00</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <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>
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          <isin value="US888804CH21"/>
          <other otherDesc="CG Symbol" value="FXT105098"/>
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        <balance>250000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>264736.25</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TOBACCO SECURITIZATION AUTH SOUTHN CALIF</name>
        <lei>N/A</lei>
        <title>SAN DIEGO COUNTY TOBACCO ASSET SECURITIZATION CORP 5.0% 06-01-28</title>
        <cusip>888804CD1</cusip>
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          <isin value="US888804CD17"/>
          <other otherDesc="CG Symbol" value="FXT105100"/>
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        <balance>1050000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1088019.45</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US888804CG48"/>
          <other otherDesc="CG Symbol" value="FXT105442"/>
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        <balance>215000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>227812.93</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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          <isin value="US89356CAG15"/>
          <other otherDesc="CG Symbol" value="FXT111847"/>
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        <balance>1500000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1554810.00</valUSD>
        <pctVal>0.2202953782</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <isin value="US888794BH65"/>
          <other otherDesc="CG Symbol" value="FXT119792"/>
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        <balance>1550000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1576754.55</valUSD>
        <pctVal>0.2234046217</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>1600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1718643.20</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>765000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>781787.93</valUSD>
        <pctVal>0.1107686905</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>545000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545589.15</valUSD>
        <pctVal>0.0773025438</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>550000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>612195.65</valUSD>
        <pctVal>0.0867397767</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>825000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>909629.33</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>115000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129143.39</valUSD>
        <pctVal>0.0182978576</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF CALIFORNIA 5.0% 05-15-31</title>
        <cusip>91412HLS0</cusip>
        <identifiers>
          <isin value="US91412HLS03"/>
          <other otherDesc="CG Symbol" value="FXU120317"/>
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        <balance>1150000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1259204.00</valUSD>
        <pctVal>0.1784120384</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>821220.00</valUSD>
        <pctVal>0.1163556772</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>5000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5632270.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>2350000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2538357.20</valUSD>
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        <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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>5030000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5727500.04</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <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>
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          <isin value="US924397EN84"/>
          <other otherDesc="CG Symbol" value="FXV132724"/>
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        <balance>3305000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3396945.10</valUSD>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>270000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>270000.00</valUSD>
        <pctVal>0.0382553187</pctVal>
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        <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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <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"/>
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        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>714920.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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      <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"/>
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        <balance>825000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>825300.30</valUSD>
        <pctVal>0.1169338001</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>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>619510.80</valUSD>
        <pctVal>0.0877762337</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>
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      </invstOrSec>
      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>9523473Y6</cusip>
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          <isin value="US9523473Y65"/>
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        <curCd>USD</curCd>
        <valUSD>947751.30</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>WEST BASIN CALIF MUN WTR DIST</name>
        <lei>54930017XCXSHT6Y5458</lei>
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        <cusip>951254DE8</cusip>
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          <isin value="US951254DE81"/>
          <other otherDesc="CG Symbol" value="FXW124278"/>
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        <curCd>USD</curCd>
        <valUSD>822408.48</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WOODLAND CALIF</name>
        <lei>N/A</lei>
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        <cusip>979568HD7</cusip>
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          <isin value="US979568HD72"/>
          <other otherDesc="CG Symbol" value="FXW130523"/>
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        <curCd>USD</curCd>
        <valUSD>266042.14</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WOODLAND CALIF</name>
        <lei>N/A</lei>
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          <isin value="US979568HB17"/>
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        <curCd>USD</curCd>
        <valUSD>221035.05</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <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>
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          <isin value="US979568HC99"/>
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        <curCd>USD</curCd>
        <valUSD>241130.68</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <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>
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          <isin value="US961488LK72"/>
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        <balance>800000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>775375.20</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WHITTIER CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>966782SQ8</cusip>
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          <isin value="US966782SQ89"/>
          <other otherDesc="CG Symbol" value="FXW147471"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
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        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-31</title>
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          <isin value="US952347RV65"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
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        <title>WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NATL 0.0% 08-01-26</title>
        <cusip>952347RQ7</cusip>
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          <isin value="US952347RQ70"/>
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        <curCd>USD</curCd>
        <valUSD>2425000.00</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEST CONTRA COSTA CALIF UNI SCH DIST</name>
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          <isin value="US952347WS71"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YOSEMITE CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US987388DH57"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STATE UNIVERSITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-34</title>
        <cusip>13078YVS1</cusip>
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          <isin value="US13078YVS17"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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          <isin value="US13078YVR34"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US13078YVM47"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 5.0% 09-02-31</title>
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          <isin value="US13078YVP77"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US13013JFW18"/>
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        <curCd>USD</curCd>
        <valUSD>6736334.10</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CENTRAL VALLEY ENERGY AUTH CALIF</name>
        <lei>254900G5IPQ9MA3FRJ55</lei>
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        <cusip>15569DAA0</cusip>
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          <isin value="US15569DAA00"/>
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        <curCd>USD</curCd>
        <valUSD>3745636.68</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <fairValLevel>2</fairValLevel>
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        <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>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <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>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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        <curCd>USD</curCd>
        <valUSD>5441560.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JURUPA CALIF PUB FING AUTH REV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JURUPA CALIF UNI SCH DIST FIN AUTH</name>
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        <cusip>482129AH6</cusip>
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          <isin value="US482129AH64"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JURUPA CALIF UNI SCH DIST FIN AUTH</name>
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        <cusip>482129AK9</cusip>
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          <isin value="US482129AK93"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FONTANA CALIF</name>
        <lei>N/A</lei>
        <title>CITY OF FONTANA CA COMMUNITY FACILITIES DISTRICT NO 109 5.0% 09-01-26</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
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        <cusip>345105JP6</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>KERN COMMUNITY COLLEGE SCHOOL FACILITIES IMPROVEMENT DISTRICT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR</name>
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          <isin value="US544445MW65"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>LOS ANGELES DEPARTMENT OF WATER &amp; POWER WATER SYSTEM REVENUE</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
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        <cusip>54466HJV9</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
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        <title>FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY 5.0% 01-15-29</title>
        <cusip>345105JQ4</cusip>
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          <isin value="US345105JQ46"/>
          <other otherDesc="CG Symbol" value="FXF183881"/>
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        <valUSD>376530.48</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FOOTHILL EASTERN TRANSN CORRIDOR AGY CALIF</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
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        <name>LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY SALES TAX REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LOS RIOS CALIF CMNTY COLLEGE DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>PLEASANT VALLEY CALIF SCH DIST</name>
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        <name>PERALTA CALIF CMNTY COLLEGE DIST</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>RIO HONDO CALIF CMNTY COLLEGE DIST</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isin value="US870462SQ23"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SANTA MONICA-MALIBU UNI SCH DIST CALIF</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SOUTH PLACER WASTEWATER AUTH CALIF</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>COMPTON COMMUNITY COLLEGE DISTRICT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COMPTON COMMUNITY COLLEGE DISTRICT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <name>CALIFORNIA STATE UNIVERSITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FOOTHILL-DE ANZA CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US345102GS08"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FOLSOM CORDOVA CALIF UNI SCH DIST SCH FACS IMPT DIST NO 1</name>
        <lei>N/A</lei>
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          <isin value="US34440NDV55"/>
          <other otherDesc="CG Symbol" value="FXF97256"/>
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        <curCd>USD</curCd>
        <valUSD>995740.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>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"/>
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        <curCd>USD</curCd>
        <valUSD>691638.75</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA 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>
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          <isin value="US13051AJM18"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>PRS-CALIFORNIA OBLIGATED GROUP 5.0% 04-01-31</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY</name>
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        <valUSD>2243686.00</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GROSSMONT HEALTHCARE DISTRICT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GLENDALE COMMUNITY COLLEGE DISTRICT</name>
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          <isin value="US378394HQ64"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GUAM INTL ARPT AUTH</name>
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        <title>ANTONIO B WON PAT INTERNATIONAL AIRPORT AUTHORITY 5.0% 10-01-32</title>
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          <isin value="US40064RGF01"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GUAM (TERRITORY OF)</name>
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          <isin value="US40065NCZ87"/>
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        <curCd>USD</curCd>
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        <invCountry>GU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDEN STATE TOBACCO SECURITIZATION CORP</name>
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          <isin value="US38122NGL01"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GROSSMONT HEALTHCARE DISTRICT</name>
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        <cusip>399223AZ9</cusip>
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          <isin value="US399223AZ97"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GREENFIELD CALIF UN ELEM SCH DIST</name>
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          <isin value="US394850GN54"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HAYWARD UNIFIED SCHOOL DISTRICT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HAYWARD UNIFIED SCHOOL DISTRICT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>IRVINE CALIF UNI SCH DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CITY OF IMPERIAL CA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IRVINE CALIF UNI SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTY OF LOS ANGELES CA COMMUNITY FACILITIES DISTRICT NO 2021-01</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CLOVIS CALIF UNI SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA INFRASTRUCTURE &amp; ECONOMIC DEVELOPMENT BANK</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <lei>9845007J7054602FF597</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA SCH FIN AUTH</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA SCH FIN AUTH</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA SCH FIN AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA SCH FIN AUTH</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA SCH FIN AUTH</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA PUB FIN AUTH</name>
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        <cusip>13057EES9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH</name>
        <lei>N/A</lei>
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        <cusip>13057EEV2</cusip>
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          <isin value="US13057EEV20"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA PUB FIN AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CHINO COMMUNITY FACILITIES DISTRICT CALIF</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>520000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>524464.20</valUSD>
        <pctVal>0.0743094264</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>505372.00</valUSD>
        <pctVal>0.0716043220</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>465000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>467925.78</valUSD>
        <pctVal>0.0662987032</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>480000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>484829.28</valUSD>
        <pctVal>0.0686936986</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA 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"/>
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        <balance>825000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>853201.80</valUSD>
        <pctVal>0.1208870622</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>
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        <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"/>
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        <balance>750000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>766530.75</valUSD>
        <pctVal>0.1086069561</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>955000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>962402.21</valUSD>
        <pctVal>0.1363592714</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>3721451.56</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3692725.68</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA 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"/>
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        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>272783.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA 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"/>
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        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262599.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </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"/>
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        <balance>350000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>387590.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <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"/>
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        <balance>330000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>367034.25</valUSD>
        <pctVal>0.0520037489</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>1255000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1309403.00</valUSD>
        <pctVal>0.1855245522</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>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>1755000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1846049.40</valUSD>
        <pctVal>0.2615600303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>125000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128397.25</valUSD>
        <pctVal>0.0181921397</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>3945000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4084321.62</valUSD>
        <pctVal>0.5786926864</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </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>
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          <isin value="US13059TGE38"/>
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        <balance>875000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>875610.75</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048TV75</cusip>
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          <isin value="US13048TV752"/>
          <other otherDesc="CG Symbol" value="FXC105638"/>
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        <balance>1050000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1053124.80</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      </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"/>
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        <balance>60000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>62971.32</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHINO HILLS CALIF FING AUTH</name>
        <lei>N/A</lei>
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        <cusip>16957RCG2</cusip>
        <identifiers>
          <isin value="US16957RCG20"/>
          <other otherDesc="CG Symbol" value="FXC105705"/>
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        <balance>225000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>234312.53</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <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"/>
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        <balance>500000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>559490.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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"/>
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        <balance>500000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>561597.00</valUSD>
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        <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>
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      <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"/>
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        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1101302.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>700000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>785435.70</valUSD>
        <pctVal>0.1112855298</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>900000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>994345.20</valUSD>
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        <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>
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        <securityLending>
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      <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"/>
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        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>557065.00</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <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>
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          <isin value="US61687LCG86"/>
          <other otherDesc="CG Symbol" value="FXM160083"/>
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        <balance>1250000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1400987.50</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <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"/>
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        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253215.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <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"/>
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        <balance>1875000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2022105.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <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"/>
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        <balance>525000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525534.98</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>65000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67077.40</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <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>
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          <isin value="US56453TAU43"/>
          <other otherDesc="CG Symbol" value="FXM183862"/>
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        <balance>130000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>135729.23</valUSD>
        <pctVal>0.0192309813</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>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>25030.10</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US56453TAP57"/>
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        <curCd>USD</curCd>
        <valUSD>51324.70</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US56453TAN00"/>
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        <curCd>USD</curCd>
        <valUSD>40662.76</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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          <isin value="US56453TAT79"/>
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        <curCd>USD</curCd>
        <valUSD>114357.65</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATE 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"/>
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        <balance>100000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100112.70</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <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>
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          <isin value="US13080SN424"/>
          <other otherDesc="CG Symbol" value="FXC152379"/>
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        <balance>425000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>431910.08</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>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>
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          <isin value="US13013JDB98"/>
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        <balance>5720000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>5959416.32</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <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"/>
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        <balance>3550000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3590146.95</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.700000000000</annualizedRt>
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      <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"/>
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        <balance>7000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7831775.00</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA (STATE OF)</name>
        <lei>9845007J7054602FF597</lei>
        <title>STATE OF CALIFORNIA 5.0% 09-01-31</title>
        <cusip>13063D7Q5</cusip>
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          <other otherDesc="CG Symbol" value="FXC156739"/>
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        <curCd>USD</curCd>
        <valUSD>1099656.00</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <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>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>3420899.46</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <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>
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          <other otherDesc="CG Symbol" value="FXC16010"/>
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        <curCd>USD</curCd>
        <valUSD>2011624.08</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>625000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>710064.38</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>1580000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1580000.00</valUSD>
        <pctVal>0.2238644577</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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>70087.57</valUSD>
        <pctVal>0.0099304531</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>105000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106806.74</valUSD>
        <pctVal>0.0151330588</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>
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        <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>429002.80</valUSD>
        <pctVal>0.0607838476</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>750690.00</valUSD>
        <pctVal>0.1063625378</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>600000.00</valUSD>
        <pctVal>0.0850118194</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>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>591978.47</valUSD>
        <pctVal>0.0838752779</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>621818.14</valUSD>
        <pctVal>0.0881031523</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>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>650869.29</valUSD>
        <pctVal>0.0922193042</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-09-28</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>
  <documents>XXXX</documents>
</edgarSubmission>
