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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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          <isin value="US13034SAQ49"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Children's Trust Fund</name>
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          <isin value="US16876QBG38"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (New Designs Charter School)</name>
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        <title>California (State of) School Finance Authority (New Designs Charter School), Series 2024, Ref. RB</title>
        <cusip>130591BP4</cusip>
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          <isin value="US130591BP42"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)</name>
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          <isin value="US76911FTJ39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Torrance Unified School District (Election of 2008-Measure Z)</name>
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          <isin value="US891381G588"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California State University</name>
        <lei>N/A</lei>
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        <cusip>13077DZE5</cusip>
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          <isin value="US13077DZE56"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Alameda (City of), CA Community Facilities District (Green Bonds)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>Simi Valley Unified School District (Election of 2004)</name>
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        <name>Moreno Valley Unified School District (Community Facilities District No. 2023-1)</name>
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        <name>California (State of) Educational Facilities Authority (Loma Linda University)</name>
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        <title>California (State of) Educational Facilities Authority (Loma Linda University), Series 2017 A, Ref. RB</title>
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          <isin value="US130179JE54"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB</title>
        <cusip>130486BB8</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
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        <title>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-2, Ref. RB</title>
        <cusip>13016NFC3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Enterprise Elementary School District</name>
        <lei>N/A</lei>
        <title>Enterprise Elementary School District, Series 2025 D, GO Bonds</title>
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          <isin value="US29368PFP99"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Independent Cities Finance Authority</name>
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        <name>California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)</name>
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        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
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        <name>Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo)</name>
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        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <securityLending>
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        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US13051AFH68"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Imperial (County of), CA Community college District (Election of 2022)</name>
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          <isin value="US452641LN16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)</name>
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        <cusip>13080SML5</cusip>
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          <isin value="US13080SML50"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3501744.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ontario (City of), CA Community Facilities District No. 64</name>
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        <title>Ontario (City of), CA Community Facilities District No. 64, Series 2024, RB</title>
        <cusip>68305GAP8</cusip>
        <identifiers>
          <isin value="US68305GAP81"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1929375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority, Series 2025 A-1, RB</title>
        <cusip>13050WAA9</cusip>
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          <isin value="US13050WAA99"/>
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        <balance>2957199.55000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2660915.66000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.44000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Los Angeles CA Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>City of Los Angeles CA Wastewater System Revenue, Series 2025 A, RB</title>
        <cusip>53945CMB3</cusip>
        <identifiers>
          <isin value="US53945CMB36"/>
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        <balance>2010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2149312.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clovis Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Clovis Unified School District (Election of 2004), Series 2004 A, GO Bonds</title>
        <cusip>189342US5</cusip>
        <identifiers>
          <isin value="US189342US51"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>576198.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Pollution Control Financing Authority (Plant Bonds)</name>
        <lei>N/A</lei>
        <title>California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB</title>
        <cusip>13054WAA5</cusip>
        <identifiers>
          <isin value="US13054WAA53"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522011.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lake Elsniore (City of), CA Community Facilities District No. 2006-1</name>
        <lei>N/A</lei>
        <title>Lake Elsniore (City of), CA Community Facilities District No. 2006-1, Series 2021, RB</title>
        <cusip>50963NUD9</cusip>
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          <isin value="US50963NUD91"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>350427.32000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District No. 2017-1 (Village of Esencia))</name>
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        <title>Orange (County of), CA Community Facilities District No. 2017-1 (Village of Esencia)), Series 2020, RB</title>
        <cusip>68423PYT1</cusip>
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          <isin value="US68423PYT10"/>
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        <balance>355000.00000000</balance>
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        <valUSD>314609.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Beverly Hills Unified School District (Election of 2008)</name>
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        <cusip>088023JA5</cusip>
        <identifiers>
          <isin value="US088023JA56"/>
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        <balance>2010000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)</name>
        <lei>N/A</lei>
        <title>California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 A, RB</title>
        <cusip>130923BM6</cusip>
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          <isin value="US130923BM69"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pasadena Unified School District</name>
        <lei>N/A</lei>
        <title>Pasadena Unified School District, Series 2025 D, GO Bonds</title>
        <cusip>702282SB1</cusip>
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          <isin value="US702282SB15"/>
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        <balance>1975000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Moorpark Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Moorpark Unified School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>616259EZ6</cusip>
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          <isin value="US616259EZ63"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>1715408.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Moreland School District (Crossover Series 14)</name>
        <lei>N/A</lei>
        <title>Moreland School District (Crossover Series 14), Series 2006 C, Ref. GO Bonds</title>
        <cusip>616794QH9</cusip>
        <identifiers>
          <isin value="US616794QH97"/>
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        <balance>1250000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB</title>
        <cusip>79766DSA8</cusip>
        <identifiers>
          <isin value="US79766DSA80"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9932412.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Adventist Health System)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sulphur Springs Union School District</name>
        <lei>N/A</lei>
        <title>Sulphur Springs Union School District, Series 2024 A, RB</title>
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        <fairValLevel>2</fairValLevel>
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        <name>West Patterson Financing Authority</name>
        <lei>N/A</lei>
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        <cusip>955232FP3</cusip>
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          <isin value="US955232FP35"/>
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        <balance>4210000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Pablo (County of), CA Joint Powers Financing Authority</name>
        <lei>N/A</lei>
        <title>San Pablo (County of), CA Joint Powers Financing Authority, Series 2022, Ref. RB</title>
        <cusip>799135CN6</cusip>
        <identifiers>
          <isin value="US799135CN63"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2021 A, Ref. RB</title>
        <cusip>13032UB23</cusip>
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          <isin value="US13032UB236"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Commonspirit Health)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020, Ref. RB</title>
        <cusip>13032UY44</cusip>
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          <isin value="US13032UY444"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
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          <isin value="US13063ESR89"/>
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        <valUSD>3197794.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1)</name>
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        <title>Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1), Series 2022, RB</title>
        <cusip>344414EX1</cusip>
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          <isin value="US344414EX17"/>
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        <valUSD>2819670.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2016-02)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2016-02), Series 2020, RB</title>
        <cusip>13077EHR4</cusip>
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          <isin value="US13077EHR45"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Rancho Cordova (City of), CA (Community Facilities District No. 2014-1)</name>
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        <cusip>75211RPR2</cusip>
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          <isin value="US75211RPR20"/>
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        <fairValLevel>2</fairValLevel>
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        <name>San Francisco (City &amp; County of), CA Public Utilities Commission (Green Bonds)</name>
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        <title>San Francisco (City &amp; County of), CA Public Utilities Commission (Green Bonds), Series 2024 C, RB</title>
        <cusip>79768HKP2</cusip>
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          <isin value="US79768HKP28"/>
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        <fairValLevel>2</fairValLevel>
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        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rancho Cordova (City of), CA (Community Facilities District No. 2022-1)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>El Centro (City of), CA Financing Authority (Police Station)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Educational Facilities Authority (Art Center College of Design)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch)</name>
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        <title>Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch), Series 2022 A, RB</title>
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          <isin value="US68423PZK91"/>
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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 (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo)</name>
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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>Riverside Unified School District (Community Facilities District No. 33)</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>Menifee Union School District</name>
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      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
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          <isin value="US16876QBF54"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Gilroy Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <cusip>376087DC3</cusip>
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          <isin value="US376087DC37"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <name>Eastern Municipal Water District (Community Facilities District No. 2012-61)</name>
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          <isin value="US27627MXZ57"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
        <lei>N/A</lei>
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        <cusip>345105JJ0</cusip>
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          <isin value="US345105JJ03"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-15</maturityDt>
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        <name>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1), Series 2020, RB</title>
        <cusip>13077EJC5</cusip>
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          <isin value="US13077EJC57"/>
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        <curCd>USD</curCd>
        <valUSD>519185.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds), Series 2020, Ref. RB</title>
        <cusip>13032UYJ1</cusip>
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          <isin value="US13032UYJ14"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District/CA, Series 2026, GO Bonds</title>
        <cusip>544647MP2</cusip>
        <identifiers>
          <isin value="US544647MP29"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2853483.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority, Series 2025 E, RB</title>
        <cusip>13013JHG4</cusip>
        <identifiers>
          <isin value="US13013JHG40"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3)</name>
        <lei>549300MQT95KWXC3XG68</lei>
        <title>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3), Series 2020, RB</title>
        <cusip>794895CE0</cusip>
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          <isin value="US794895CE08"/>
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        <balance>185000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Menifee Union School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Menifee Union School District (Election of 2008), Series 2009 C, GO Bonds</title>
        <cusip>586807DW6</cusip>
        <identifiers>
          <isin value="US586807DW69"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>643931.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Elsinore Valley Municipal Water District</name>
        <lei>N/A</lei>
        <title>Elsinore Valley Municipal Water District, Series 2021 A, RB</title>
        <cusip>290322DZ6</cusip>
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          <isin value="US290322DZ61"/>
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        <balance>990000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
        <lei>5493001TPOZL3UK8DX25</lei>
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          <isin value="US79770GAP19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>North Orange County Community College District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement)</name>
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        <cusip>798693CX3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Municipal Finance Authority (California Baptist University)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048TG23</cusip>
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          <isin value="US13048TG233"/>
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        <balance>1200000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Statewide Communities Development Authority (Front Porch Communities &amp; Services)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Front Porch Communities &amp; Services), Series 2017 A, Ref. RB</title>
        <cusip>13080SSE5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Green Dot Public Schools)</name>
        <lei>N/A</lei>
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        <cusip>13059TCD9</cusip>
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          <isin value="US13059TCD90"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Public Finance Authority (Enso Village) (Green Bonds)</name>
        <lei>N/A</lei>
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          <isin value="US13057GAB59"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Guam (Territory of) Waterworks Authority</name>
        <lei>N/A</lei>
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        <cusip>40065FDF8</cusip>
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          <isin value="US40065FDF80"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State University</name>
        <lei>N/A</lei>
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        <cusip>13077DAY8</cusip>
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          <isin value="US13077DAY85"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Municipal Finance Authority (American Heritage Education Foundation)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (American Heritage Education Foundation), Series 2016 A, Ref. RB</title>
        <cusip>13049AAG8</cusip>
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          <isin value="US13049AAG85"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Simi Valley Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds</title>
        <cusip>828641UF5</cusip>
        <identifiers>
          <isin value="US828641UF57"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California Community Choice Financing Authority (Clean Energy) (Green Bonds)</name>
        <lei>549300X8VKJ215S2R571</lei>
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        <cusip>13013JFX9</cusip>
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          <isin value="US13013JFX90"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Series 2026 A-1, RB</title>
        <cusip>13050WAG6</cusip>
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          <isin value="US13050WAG69"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-20</maturityDt>
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        <name>Roseville (City of), CA Community Facilities District No. 1 (Improvement Area No. 2)</name>
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        <cusip>7778705G7</cusip>
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          <isin value="US7778705G77"/>
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        <balance>500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
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        <cusip>79766DXP9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Sweetwater Union High School District</name>
        <lei>N/A</lei>
        <title>Sweetwater Union High School District, Series 2016, Ref. GO Bonds</title>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Public Works Board (Various Capital)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Works Board (Various Capital), Series 2021 B, RB</title>
        <cusip>13068XBT5</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Aspire Public School)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB</title>
        <cusip>13058TLZ1</cusip>
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          <isin value="US13058TLZ11"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)</name>
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        <title>Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB</title>
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          <isin value="US68423PWC03"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB</title>
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          <isin value="US888804CT68"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles (County of), CA Public Works Financing Authority (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Los Angeles (County of), CA Public Works Financing Authority (Green Bonds), Series 2021 F, RB</title>
        <cusip>54473EWP5</cusip>
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          <isin value="US54473EWP59"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building)</name>
        <lei>N/A</lei>
        <title>Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building), Series 2018, RB</title>
        <cusip>54531FAT8</cusip>
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          <isin value="US54531FAT84"/>
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        <balance>25000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Infrastructure &amp; Economic Development Bank (Green Bonds) (California Science Center Phase III)</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California (State of) Infrastructure &amp; Economic Development Bank (Green Bonds) (California Science Center Phase III), Series 2021 B, RB</title>
        <cusip>13034AV23</cusip>
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        <name>California (State of) School Finance Authority (Granada Hills Charter Obligated Group)</name>
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        <lei>549300ZZZYTBUL6FR983</lei>
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        <lei>549300WC0UP8WU8GYU95</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NGB4</cusip>
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          <isin value="US13016NGB47"/>
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        <curCd>USD</curCd>
        <valUSD>960456.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Aspire Public School)</name>
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        <title>California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB</title>
        <cusip>13058TMA5</cusip>
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          <isin value="US13058TMA50"/>
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        <balance>1370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1281955.58000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Township Health Care District</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US940204GX22"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519448.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)</name>
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        <title>California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2006 C, RB</title>
        <cusip>13016NCK8</cusip>
        <identifiers>
          <isin value="US13016NCK81"/>
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        <balance>22950000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Los Angeles (City of), CA (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA (Green Bonds), Series 2022, RB</title>
        <cusip>544445C64</cusip>
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          <isin value="US544445C649"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5046751.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Bold Program)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Bold Program), Series 2020 A, RB</title>
        <cusip>13051AAD0</cusip>
        <identifiers>
          <isin value="US13051AAD00"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1348539.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Beverly Hills Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds</title>
        <cusip>088023HX7</cusip>
        <identifiers>
          <isin value="US088023HX77"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>2856238.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>South San Francisco (City of), CA (Community Facilities District No. 2021-01)</name>
        <lei>N/A</lei>
        <title>South San Francisco (City of), CA (Community Facilities District No. 2021-01), Series 2022, RB</title>
        <cusip>840000AP8</cusip>
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          <isin value="US840000AP83"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>West Patterson Financing Authority (Community Facilities District No. 2005-1)</name>
        <lei>N/A</lei>
        <title>West Patterson Financing Authority (Community Facilities District No. 2005-1), Series 2021, RB</title>
        <cusip>955232FE8</cusip>
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          <isin value="US955232FE87"/>
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        <balance>600000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Alhambra Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
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        <cusip>016059DL8</cusip>
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          <isin value="US016059DL81"/>
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        <balance>1120000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>California (State of) Municipal Finance Authority (Samuel Merritt University)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048VF37</cusip>
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          <isin value="US13048VF371"/>
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        <curCd>USD</curCd>
        <valUSD>4080268.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Transbay Joint Powers Authority (Green Bonds)</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB</title>
        <cusip>89356CBM7</cusip>
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          <isin value="US89356CBM73"/>
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        <balance>300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Palomar Community College District (Election of 2006)</name>
        <lei>N/A</lei>
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          <isin value="US697511BY87"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Municipal Finance Authority (Santa Rosa Academy)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>130486BF9</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Aspire Public School)</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 5)</name>
        <lei>N/A</lei>
        <title>Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 5), Series 2021, RB</title>
        <cusip>5868104B6</cusip>
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          <isin value="US5868104B62"/>
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        <balance>975000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Health Facilities Financing Authority (Kaiser Permanente)</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB</title>
        <cusip>13032UMP0</cusip>
        <identifiers>
          <isin value="US13032UMP02"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7480731.30000000</valUSD>
        <pctVal>1.511429536909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <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>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3)</name>
        <lei>549300MQT95KWXC3XG68</lei>
        <title>Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3), Series 2020, RB</title>
        <cusip>794895CD2</cusip>
        <identifiers>
          <isin value="US794895CD25"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>186103.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fremont Community Facilities District No. 1 (Pacific Commons)</name>
        <lei>N/A</lei>
        <title>Fremont Community Facilities District No. 1 (Pacific Commons), Series 2015, Ref. RB</title>
        <cusip>357129CK9</cusip>
        <identifiers>
          <isin value="US357129CK95"/>
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        <balance>2095000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2087246.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alhambra Unified School District (Election of 2004)</name>
        <lei>N/A</lei>
        <title>Alhambra Unified School District (Election of 2004), Series 2009 B, GO Bonds</title>
        <cusip>016059DM6</cusip>
        <identifiers>
          <isin value="US016059DM64"/>
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        <balance>1805000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1233426.17000000</valUSD>
        <pctVal>0.249205147220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <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 Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, Series 2026, RB</title>
        <cusip>13032U7T9</cusip>
        <identifiers>
          <isin value="US13032U7T98"/>
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        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14504551.50000000</valUSD>
        <pctVal>2.930543375715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities)</name>
        <lei>549300OH100KESVPND17</lei>
        <title>Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB</title>
        <cusip>777870M45</cusip>
        <identifiers>
          <isin value="US777870M454"/>
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        <balance>1520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1503503.14000000</valUSD>
        <pctVal>0.303772313628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles (City of), CA Department of Airports (Green Bonds)</name>
        <lei>N/A</lei>
        <title>Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2025, Ref. RB</title>
        <cusip>5444453B3</cusip>
        <identifiers>
          <isin value="US5444453B36"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3071590.50000000</valUSD>
        <pctVal>0.620593418051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <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>South Tahoe Joint Powers Financing Authority</name>
        <lei>N/A</lei>
        <title>South Tahoe Joint Powers Financing Authority, Series 2023 A, RB</title>
        <cusip>84049MCC0</cusip>
        <identifiers>
          <isin value="US84049MCC01"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4172144.00000000</valUSD>
        <pctVal>0.842952569869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <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>River Islands Public Financing Authority</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority, Series 2022 A-1, Ref. RB</title>
        <cusip>76827QGR8</cusip>
        <identifiers>
          <isin value="US76827QGR83"/>
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        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1447351.50000000</valUSD>
        <pctVal>0.292427266755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB</title>
        <cusip>13081CAC2</cusip>
        <identifiers>
          <isin value="US13081CAC29"/>
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        <balance>910000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>918119.57000000</valUSD>
        <pctVal>0.185499649815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Glendale Community College District</name>
        <lei>N/A</lei>
        <title>Glendale Community College District, Series 2020 B, GO Bonds</title>
        <cusip>378394JQ4</cusip>
        <identifiers>
          <isin value="US378394JQ47"/>
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        <balance>1285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554265.09000000</valUSD>
        <pctVal>0.111985392163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
        <title>Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB</title>
        <cusip>74529JQG3</cusip>
        <identifiers>
          <isin value="US74529JQG30"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3599493.00000000</valUSD>
        <pctVal>0.727252432940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lincoln (City of), CA Community Facilities District No. 2019-1</name>
        <lei>N/A</lei>
        <title>Lincoln (City of), CA Community Facilities District No. 2019-1, Series 2022, RB</title>
        <cusip>533042LK1</cusip>
        <identifiers>
          <isin value="US533042LK11"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1949307.20000000</valUSD>
        <pctVal>0.393843911836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NHB3</cusip>
        <identifiers>
          <isin value="US13016NHB38"/>
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        <balance>2950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>587880.43000000</valUSD>
        <pctVal>0.118777136945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Norwalk-La Mirada Unified School District</name>
        <lei>N/A</lei>
        <title>Norwalk-La Mirada Unified School District, Series 2005 B, GO Bonds</title>
        <cusip>669096QC6</cusip>
        <identifiers>
          <isin value="US669096QC62"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5502952.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing), Series 2019, RB</title>
        <cusip>13049YEL1</cusip>
        <identifiers>
          <isin value="US13049YEL11"/>
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        <balance>8250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8278813.13000000</valUSD>
        <pctVal>1.672676399329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California (State of) Public Finance Authority (Enso Village) (Green Bonds)</name>
        <lei>N/A</lei>
        <title>California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB</title>
        <cusip>13057GAD1</cusip>
        <identifiers>
          <isin value="US13057GAD16"/>
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        <balance>1735000.00000000</balance>
        <units>PA</units>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego (County of), CA Regional Airport Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>West Patterson Financing Authority (Community Facilities District No. 2005-1)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles (City of), CA Department of Water &amp; Power</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Municipal Finance Authority (Caritas)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Planada Elementary School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Municipal Finance Authority (Mt. San Antonio Gardens)</name>
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        <cusip>13049RBG0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Moreno Valley Unified School District (Community Facilities District No. 2015-2)</name>
        <lei>N/A</lei>
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        <cusip>616874RQ8</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <cusip>13034A7E4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) School Finance Authority (Classical Academies Oceanside)</name>
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        <cusip>13058TQC7</cusip>
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          <isin value="US13058TQC70"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State University</name>
        <lei>N/A</lei>
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        <cusip>13077DWF5</cusip>
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          <isin value="US13077DWF58"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)</name>
        <lei>N/A</lei>
        <title>Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith), Series 2015, RB</title>
        <cusip>76911FTK0</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Municipal Finance Authority (Caritas) (Social Bonds)</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California (State of) Municipal Finance Authority (Caritas) (Social Bonds), Series 2023, RB</title>
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      <invstOrSec>
        <name>Fontana (City of), CA (Community Facilities District No. 99)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Romoland School District (Underwood)</name>
        <lei>N/A</lei>
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          <isin value="US776192VP82"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)</name>
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          <isin value="US13058TRH58"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles (City of), CA Department of Airports (Green Bonds)</name>
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        <title>Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2022, RB</title>
        <cusip>544445C56</cusip>
        <identifiers>
          <isin value="US544445C565"/>
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        <balance>3225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3007772.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oak Grove School District (Election of 2008)</name>
        <lei>N/A</lei>
        <title>Oak Grove School District (Election of 2008), Series 2009 A, GO Bonds</title>
        <cusip>671205ZK1</cusip>
        <identifiers>
          <isin value="US671205ZK16"/>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>635484.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport)</name>
        <lei>54930055TIDYHNDP4F84</lei>
        <title>San Francisco (City &amp; County of), CA Airport Commission (San Francisco International Airport), Second Series 2022 A, Ref. RB</title>
        <cusip>79766DUF4</cusip>
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          <isin value="US79766DUF40"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2496777.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Stockton (City of), CA Community Facilities District (Westlake Villages II)</name>
        <lei>N/A</lei>
        <title>Stockton (City of), CA Community Facilities District (Westlake Villages II), Series 2022, RB</title>
        <cusip>861341SH9</cusip>
        <identifiers>
          <isin value="US861341SH95"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>699636.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020, RB</title>
        <cusip>13078YQV0</cusip>
        <identifiers>
          <isin value="US13078YQV01"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>797363.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Harbor Springs Obligated Group)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Harbor Springs Obligated Group), Series 2024, RB</title>
        <cusip>13058TTM2</cusip>
        <identifiers>
          <isin value="US13058TTM26"/>
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        <balance>1180000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)</name>
        <lei>N/A</lei>
        <title>Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities), Series 2024, RB</title>
        <cusip>54531MBH8</cusip>
        <identifiers>
          <isin value="US54531MBH88"/>
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        <balance>800000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Gilroy Unified School District (Election of 2008)</name>
        <lei>N/A</lei>
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        <cusip>376087DG4</cusip>
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          <isin value="US376087DG41"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Santa Ana Unified School District (Financing Project)</name>
        <lei>N/A</lei>
        <title>Santa Ana Unified School District (Financing Project), Series 1999, COP</title>
        <cusip>801163DM5</cusip>
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          <isin value="US801163DM54"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>673879.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>San Jose (City of), CA</name>
        <lei>N/A</lei>
        <title>San Jose (City of), CA, Series 2017 A, Ref. RB</title>
        <cusip>798136VU8</cusip>
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          <isin value="US798136VU88"/>
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        <balance>2095000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Alamitos Unified School District</name>
        <lei>549300YJXGV6HPEZKU12</lei>
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        <cusip>544203CE0</cusip>
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          <isin value="US544203CE04"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)</name>
        <lei>N/A</lei>
        <title>California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB</title>
        <cusip>13016NGY4</cusip>
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          <isin value="US13016NGY40"/>
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        <balance>370000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
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        <title>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB</title>
        <cusip>13081CAD0</cusip>
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        <balance>2500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Roseville (City of), CA</name>
        <lei>549300OH100KESVPND17</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Etiwanda School District (Election of 2016)</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego Public Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>San Diego Public Facilities Financing Authority, Series 2025 A, Ref. RB</title>
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          <isin value="US797299SC98"/>
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        <curCd>USD</curCd>
        <valUSD>5247951.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Rancho Mirage Community Facilities District (Del Webb)</name>
        <lei>N/A</lei>
        <title>Rancho Mirage Community Facilities District (Del Webb), Series 2021, RB</title>
        <cusip>75213WBW3</cusip>
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          <isin value="US75213WBW38"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>331595.87000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Health Facilities Financing Authority (Providence Health &amp; Services)</name>
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        <cusip>13033L4N4</cusip>
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          <isin value="US13033L4N45"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Classical Academies Oceanside)</name>
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        <cusip>13058TKA7</cusip>
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          <isin value="US13058TKA78"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Simi Valley Unified School District (Election of 2004)</name>
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        <cusip>828641UD0</cusip>
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          <isin value="US828641UD00"/>
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        <balance>1520000.00000000</balance>
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        <valUSD>1441969.58000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>California (State of) Pollution Control Financing Authority (Plant Bonds)</name>
        <lei>N/A</lei>
        <title>California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB</title>
        <cusip>13054WAC1</cusip>
        <identifiers>
          <isin value="US13054WAC10"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2000535.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Silicon Valley Tobacco Securitization Authority (Santa Clara)</name>
        <lei>N/A</lei>
        <title>Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB</title>
        <cusip>82706TAA9</cusip>
        <identifiers>
          <isin value="US82706TAA97"/>
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        <balance>7065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4111599.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>San Jose Evergreen Community College District (Election of 2004)</name>
        <lei>5493006H31JIFYW6Z091</lei>
        <title>San Jose Evergreen Community College District (Election of 2004), Series 2008 B, GO Bonds</title>
        <cusip>798189FT8</cusip>
        <identifiers>
          <isin value="US798189FT87"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority, Series 2020 B, RB</title>
        <cusip>13078YRH0</cusip>
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          <isin value="US13078YRH08"/>
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        <balance>185000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dry Creek Joint Elementary School District (Election of 2008-Measure E)</name>
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        <cusip>262386FC4</cusip>
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          <isin value="US262386FC43"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>Menifee Union School District (Community Facilities District No. 2018-2)</name>
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        <cusip>586810T60</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Statewide Communities Development Authority (Improvement Area No. 1)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California (State of) Statewide Communities Development Authority (Improvement Area No. 1), Series 2021, RB</title>
        <cusip>13077EKP4</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>San Francisco (City &amp; County of), CA Community Facilities District No. 2016-1</name>
        <lei>N/A</lei>
        <title>San Francisco (City &amp; County of), CA Community Facilities District No. 2016-1, Series 2020, RB</title>
        <cusip>79773JAR8</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB</title>
        <cusip>74526QPP1</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2015, RB</title>
        <cusip>13059TBS7</cusip>
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        <balance>920000.00000000</balance>
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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>Menifee Union School District (Community Facilities District No. 2014-3)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)</name>
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        <cusip>13078YUT0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Perris (City of), CA Joint Powers Authority (Green Valley West Elementary)</name>
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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>San Francisco (City &amp; County of), CA Community Facilities District No. 2016-1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Statewide Communities Development Authority (John Muir Health)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) School Finance Authority (Green Dot Public Schools)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enterprise Elementary School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Long Beach (City of), CA Bond Finance Authority</name>
        <lei>549300BKBZ5U7OZH3S21</lei>
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        <name>California (State of) Statewide Communities Development Authority (California Baptist University)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Eastern Municipal Water District (Community Facilities District No. 2012-61)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego (County of), CA Regional Airport Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Regents of the University of California Medical Center</name>
        <lei>N/A</lei>
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        <lei>549300WC0UP8WU8GYU95</lei>
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        <name>California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I Student Housing)</name>
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        <name>California (State of) Statewide Communities Development Authority (Sheldon Farms)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Murrieta Valley Unified School District (Election of 2006)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>M-S-R Energy Authority</name>
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          <isin value="US55374SAD27"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Educational Facilities Authority (Saint Mary's College of California)</name>
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          <isin value="US130179VH48"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Orange County Educational Arts Academy)</name>
        <lei>N/A</lei>
        <title>California (State of) School Finance Authority (Orange County Educational Arts Academy), Series 2023, Ref. RB</title>
        <cusip>13058TSA9</cusip>
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          <isin value="US13058TSA96"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>564410.78000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds)</name>
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        <cusip>797661C94</cusip>
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          <isin value="US797661C942"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-08-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)</name>
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          <isin value="US88563DAC92"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Public Works Board (Various Capital)</name>
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        <cusip>13068XPW3</cusip>
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          <isin value="US13068XPW38"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
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        <title>California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2024, Ref. RB</title>
        <cusip>13058TUF5</cusip>
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          <isin value="US13058TUF55"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco (City &amp; County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)</name>
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        <cusip>79770GAT3</cusip>
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          <isin value="US79770GAT31"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Romoland School District Community Facilities No. 2004-1</name>
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        <cusip>776192NS1</cusip>
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          <isin value="US776192NS14"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village)</name>
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          <isin value="US68423PXA38"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>William S. Hart Union High School District (Election of 2008)</name>
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        <fairValLevel>2</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco California Value Municipal Income Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Principal Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
