# EDGAR Filing Document

**Accession Number:** 0000711402
**File Stem:** 0001752724-25-203508
**Filing Date:** 2025-8
**Character Count:** 170199
**Document Hash:** 72e42c18102c4519fd80eb56d85daa19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203508.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203508

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND
- **CENTRAL INDEX KEY:** 0000711402

**ORGANIZATION NAME:**
- **EIN:** 042786284
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03630
- **FILM NUMBER:** 251253205

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921562

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CALIFORNIA TAX EXEMPT INCOME TRUST
- **DATE OF NAME CHANGE:** 19941214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### PUTNAM CALIFORNIA TAX EXEMPT INCOME TRUST (Series ID: S000005498)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000014969 | Class A Shares  | PCTEX           |
| C000014971 | Class C Shares  | PCTCX           |
| C000060520 | CLASS Y         |  |
| C000202778 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Putnam California Tax Exempt Income Fund

- **b. Investment Company Act file number:** 811-03630

- **c. CIK number of Registrant:** 0000711402

- **d. LEI of Registrant:** 25FMNUC4AQ8P07BF5K25

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Putnam California Tax Exempt Income Fund

- **b. EDGAR series identifier (if any):** S000005498

- **c. LEI of Series:** 25FMNUC4AQ8P07BF5K25

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $696334409.15

**Total Liabilities:** $23247897.15

**Net Assets:** $673086512.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 1173.62000000 | **1-Year:** 18549.09000000 | **5-Year:** 82781.49000000 | **10-Year:** 285928.18000000 | **30-Year:** 159169.16000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 140.46000000 | **1-Year:** 1414.58000000 | **5-Year:** 7555.68000000 | **10-Year:** 22551.84000000 | **30-Year:** 15897.07000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014971 | -1.29%               | -0.74%               | 0.50%                |
| Class ID C000060520 | -1.08%               | -0.79%               | 0.58%                |
| Class ID C000202778 | -1.08%               | -0.65%               | 0.44%                |
| Class ID C000014969 | -1.24%               | -0.68%               | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-393346.98              | $-9750256.73                               |
| Month 2  | $-791614.36              | $-6969603.79                               |
| Month 3  | $-1474528.48             | $3425271.16                                |

**Designated Index Information**

- **Index Name:** BTMNTR Index

- **Index Identifier:** BM10506

### Schedule of Portfolio Investments

| Name                                                                               | Title                                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2018                         | CUSIP: 13081KAW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3279233.63   | 0.49%             | 2043-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                  | FHLMC, Multi-family ML Pass-Through Certificates, Series 2024-ML25, Class ACA               | CUSIP: 3137HH6G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   4965616 | PA      | $4635350.21   | 0.69%             | 2038-11-25      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                | California Community Housing Agency, Series 2021 A-1                                        | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $887440.73    | 0.13%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                        | California Enterprise Development Authority, Series 2024 A                                  | CUSIP: 13069BBB1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    650000 | PA      | $675017.98    | 0.10%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Liberty Union High School District                                                 | Liberty Union High School District, Series 2016 B                                           | CUSIP: 530319SE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1348133.39   | 0.20%             | 2041-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2023 A                                       | CUSIP: 13049SFG4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    900000 | PA      | $918526.23    | 0.14%             | 2053-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                              | CSCDA Community Improvement Authority, Series 2021 A-2                                      | CUSIP: 126292AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $5187813.54   | 0.77%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $281934.42    | 0.04%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Corona Community Facilities District                                               | Corona Community Facilities District, Series 2024                                           | CUSIP: 219680HF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1595221.76   | 0.24%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                                | City of Chino, Series 2020                                                                  | CUSIP: 169511VK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $437581.70    | 0.07%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District Community Facilities District                | Moreno Valley Unified School District, Series 2025                                          | CUSIP: 616874WA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $898765.25    | 0.13%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                                    | San Diego Public Facilities Financing Authority, Series 2023 A                              | CUSIP: 797299PX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8318808.00   | 1.24%             | 2052-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Santa Maria Joint Union High School District                                       | Santa Maria Joint Union High School District, Series 2021                                   | CUSIP: 802309NM2<br>LEI: 5493006E0NB791MBEL10 | Long             | DBT              | MUN               | US        |    355000 | PA      | $317628.26    | 0.05%             | 2037-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2017 A                                       | CUSIP: 13048TS20<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3401045.50   | 0.51%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                   | California Community College Financing Authority, Series 2018                               | CUSIP: 13012RAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028303.30   | 0.15%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2016 A                                          | CUSIP: 13059TCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250602.25   | 0.19%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rocklin CA                                                                 | City of Rocklin, Series 2019                                                                | CUSIP: 773747FL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $485722.84    | 0.07%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                            | Los Angeles Department of Water & Power, Series 2022 C                                      | CUSIP: 544532FW9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5715000 | PA      | $5729608.68   | 0.85%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2021 A                                       | CUSIP: 13051ABK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1204213.35   | 0.18%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2021                                                              | CUSIP: 777870T97<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1478116.16   | 0.22%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Corona Community Facilities District                                               | Corona Community Facilities District, Series 2024                                           | CUSIP: 219680HE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1602923.04   | 0.24%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                                | City of Chino, Series 2020                                                                  | CUSIP: 169511VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1065956.55   | 0.16%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                 | City of Fontana, Series 2020                                                                | CUSIP: 344630WZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $762903.81    | 0.11%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                        | California Enterprise Development Authority, Series 2020 A                                  | CUSIP: 13069BAR7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    400000 | PA      | $393687.72    | 0.06%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District                                                   | Eastern Municipal Water District, Series 2025                                               | CUSIP: 27627M5S2<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495115.35    | 0.07%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Community College District                                              | Long Beach Community College District, Series 2012 B                                        | CUSIP: 542411GG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $472442.19    | 0.07%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                      | Ceres Unified School District, Series 2017                                                  | CUSIP: 156753PQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $611388.61    | 0.09%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Redevelopment Successor Agency                                    | Riverside County Redevelopment Successor Agency, Series B                                   | CUSIP: 76913AKY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1995140.37   | 0.30%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                  | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023              | CUSIP: 79772ADP9<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055426.80   | 0.16%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                                 | FHLMC, Multi-family VRD Certificates, Series 2022-ML54, Class A                             | CUSIP: 31350ACU0<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    960000 | PA      | $806536.61    | 0.12%             | 2035-12-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Public Financing Authority                                           | Lake Elsinore Public Financing Authority, Series 2014 B                                     | CUSIP: 509632LD5<br>LEI: 549300C5MCDOVNPOX172 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1048519.98   | 0.16%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2025                                         | CUSIP: 13051AMC9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $611690.76    | 0.09%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2020                                                              | CUSIP: 777870N93<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869404.50    | 0.13%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2017 A                       | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1470213.79   | 0.22%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | U.S. Treasury Ultra Bonds                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -166 | NC      | $-640763.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| South Tahoe Joint Powers Financing Authority                                       | South Tahoe Joint Powers Financing Authority, Series 2023 A                                 | CUSIP: 84049MCC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4225406.40   | 0.63%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2019                                         | CUSIP: 13048VMV7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1419607.83   | 0.21%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Power Revenue              | San Francisco City & County Public Utilities Commission, Series 2023 A                      | CUSIP: 79771KEC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7095523.40   | 1.05%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2017                                            | CUSIP: 13058TTA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $419678.37    | 0.06%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2025 B                                       | CUSIP: 13051AMQ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $748791.98    | 0.11%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2017                                            | CUSIP: 13058TSQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1300256.13   | 0.19%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                                | Chino Community Facilities District, Series 2022                                            | CUSIP: 169511XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1657105.63   | 0.25%             | 2047-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District                                                  | Riverside Unified School District, Series 2024                                              | CUSIP: 769069U52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1043515.62   | 0.16%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NGA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92110.32     | 0.01%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2015 A                                          | CUSIP: 13059TCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1448607.75   | 0.22%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                           | Romoland School District, Series 2020 A                                                     | CUSIP: 776192SE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $1976917.96   | 0.29%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2022 A                                          | CUSIP: 13058TRE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972274.40    | 0.14%             | 2062-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of San Diego CA                                                             | County of San Diego, Series 2020 A                                                          | CUSIP: 79743ACT8<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |    550000 | PA      | $475658.26    | 0.07%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                                  | City & County of San Francisco, Series 2022 A                                               | CUSIP: 79773NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1197878.24   | 0.18%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                               | San Diego Unified School District, Series R-2                                               | CUSIP: 797355Q56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1953351.36   | 0.29%             | 2041-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                  | City of Irvine, Series 2016                                                                 | CUSIP: 46360TEW9<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2271449.75   | 0.34%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2020 B                                       | CUSIP: 13051AAS7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $938393.21    | 0.14%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2016 C                                          | CUSIP: 13059TDC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1440520.25   | 0.21%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Community College District                                              | Long Beach Community College District, Series 2012 B                                        | CUSIP: 542411GH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1084292.25   | 0.16%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2016 A                                          | CUSIP: 13059TCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1530269.11   | 0.23%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 B-1                            | CUSIP: 13016NHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $142334.93    | 0.02%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                         | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024 B                   | CUSIP: 120827EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1808364.80   | 0.27%             | 2054-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                  | California Housing Finance Agency, Series 2021-1, Class A                                   | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3853914 | PA      | $3599627.82   | 0.53%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $221240.16    | 0.03%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2020 A                                          | CUSIP: 13059THA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $860729.07    | 0.13%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2019 A                       | CUSIP: 13080SWL4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    485000 | PA      | $462778.37    | 0.07%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                        | California Educational Facilities Authority, Series 2015                                    | CUSIP: 130179YC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $471227.64    | 0.07%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                  | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023              | CUSIP: 79772ADM6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1345282.63   | 0.20%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NFV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97222.46     | 0.01%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                 | City of Fontana, Series 2020                                                                | CUSIP: 344630WW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $536410.05    | 0.08%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NFT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99205.14     | 0.01%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 13051AHE1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    575000 | PA      | $588802.47    | 0.09%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2019                                                              | CUSIP: 777870F84<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    465000 | PA      | $472434.65    | 0.07%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Community College District                                                | Imperial Community College District, Series 2023 A                                          | CUSIP: 452641LL5<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546068.30   | 0.23%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                      | Ceres Unified School District, Series 2017                                                  | CUSIP: 156753PN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $540219.40    | 0.08%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                   | California Health Facilities Financing Authority, Series 2024 B                             | CUSIP: 13032UL30<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1465235.10   | 0.22%             | 2058-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 13051AHH4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $728743.20    | 0.11%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District                                                  | Riverside Unified School District, Series 2024                                              | CUSIP: 769069U60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1238455.11   | 0.18%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                          | City of Rancho Cordova, Series 2016                                                         | CUSIP: 75211RGR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $428814.33    | 0.06%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Temescal Valley Water District                                                     | Temescal Valley Water District, Series 2024                                                 | CUSIP: 87975CBV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $606118.68    | 0.09%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Root Creek Water District Community Facilities District No. 2016-1 Impt Area No. 3 | Root Creek Water District, Series 2025                                                      | CUSIP: 77664AAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $577863.13    | 0.09%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2024 B                        | CUSIP: 13035ADW6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1220005.00   | 0.18%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Maria Joint Union High School District                                       | Santa Maria Joint Union High School District, Series 2021                                   | CUSIP: 802309NS9<br>LEI: 5493006E0NB791MBEL10 | Long             | DBT              | MUN               | US        |    540000 | PA      | $427159.01    | 0.06%             | 2042-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                   | California Health Facilities Financing Authority, Series 2024 B                             | CUSIP: 13032UK80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1478428.20   | 0.22%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2018 A                                          | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5047355.25   | 0.75%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2015                                                              | CUSIP: 777870VZ6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000970.40   | 0.15%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2020 A                                          | CUSIP: 13058TKB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994238.20    | 0.15%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport Beach CA                                                           | City of Newport Beach, Series 2023 A                                                        | CUSIP: 651784UT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $560867.02    | 0.08%             | 2038-09-02      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                        | California Enterprise Development Authority, Series 2020 A                                  | CUSIP: 13069BAM8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016339.40   | 0.15%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 130489AB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7465000 | PA      | $7235033.21   | 1.07%             | 2040-08-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2015                                                              | CUSIP: 777870WA0<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250735.38   | 0.19%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2018                         | CUSIP: 13081KAV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2217732.08   | 0.33%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport Beach CA                                                           | City of Newport Beach, Series 2023 A                                                        | CUSIP: 651784UU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $659921.28    | 0.10%             | 2043-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2023                                                              | CUSIP: 7778705B8<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    850000 | PA      | $851567.06    | 0.13%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport Beach CA                                                           | City of Newport Beach, Series 2023 A                                                        | CUSIP: 651784US7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202612.00    | 0.03%             | 2033-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Public Financing Authority                                           | Lake Elsinore Public Financing Authority, Series 2014 B                                     | CUSIP: 509632LF0<br>LEI: 549300C5MCDOVNPOX172 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1108722.08   | 0.16%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2020 A                                          | CUSIP: 13058TJZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215081.44    | 0.03%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 130497AY6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083998.80   | 0.31%             | 2064-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                            | Los Angeles Department of Water & Power, Series 2022 A                                      | CUSIP: 544532EC4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7100805.60   | 1.05%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                           | Romoland School District, Series 2020 A                                                     | CUSIP: 776192SD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $652053.38    | 0.10%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                    | CMFA Special Finance Agency VII, Series 2021 A-1                                            | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1318488.80   | 0.20%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                   | California Pollution Control Financing Authority, Series 2012                               | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9497536.00   | 1.41%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                      | San Francisco Bay Area Rapid Transit District, Series 2019 B-1                              | CUSIP: 797661YG4<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   6365000 | PA      | $4668056.63   | 0.69%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                    | California Community Choice Financing Authority, Series 2024 H                              | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8045448.00   | 1.20%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2024 A                        | CUSIP: 13034A5K2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005071.60   | 0.30%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2022 A                                          | CUSIP: 13058TPU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971717.00    | 0.14%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk-La Mirada Unified School District                                          | Norwalk-La Mirada Unified School District, Series 2014 F                                    | CUSIP: 669096XU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3115382.40   | 0.46%             | 2051-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Bills                                                                         | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    400000 | PA      | $394121.24    | 0.06%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hastings Campus Housing Finance Authority                                          | Hastings Campus Housing Finance Authority, Series 2020 A                                    | CUSIP: 418338AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2139362.50   | 0.32%             | 2061-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                 | City of Fontana, Series 2024                                                                | CUSIP: 344630M70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1248016.20   | 0.19%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                | California Community Housing Agency, Series 2020 A                                          | CUSIP: 13013FAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4016195.36   | 0.60%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Root Creek Water District Community Facilities District No. 2016-1 Impt Area No. 3 | Root Creek Water District, Series 2025                                                      | CUSIP: 77664AAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $457474.38    | 0.07%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 13048VS82<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $990415.88    | 0.15%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2025                                         | CUSIP: 13051AMW5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    465000 | PA      | $465827.93    | 0.07%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2021 A-1                      | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1449319.60   | 0.22%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                          | City of Vernon, Series 2022 A                                                               | CUSIP: 924397FF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $438140.79    | 0.07%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                             | M-S-R Energy Authority, Series 2009 A                                                       | CUSIP: 55374SAA8<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    775000 | PA      | $817639.73    | 0.12%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                              | CSCDA Community Improvement Authority, Series 2021 A-2                                      | CUSIP: 126292BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2073896.70   | 0.31%             | 2057-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2018 A                                          | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009275.30   | 0.15%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dixon CA                                                                   | City of Dixon, Series 2020                                                                  | CUSIP: 255650DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $169767.99    | 0.03%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 130483GQ7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4913287.00   | 0.73%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                     | Irvine Unified School District, Series 2017 C                                               | CUSIP: 463612KV2<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    995000 | PA      | $997209.99    | 0.15%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                   | California Health Facilities Financing Authority, Series 2018                               | CUSIP: 13032USH2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1867042.22   | 0.28%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montebello Unified School District                                                 | Montebello Unified School District, Series 2016 B                                           | CUSIP: 612289UR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2026949.22   | 0.30%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hartnell Community College District/CA                                             | Hartnell Community College District, Series 2015 A                                          | CUSIP: 417123EJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2074420.25   | 0.31%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority, Inc.                                                  | San Diego Housing Authority, Inc., Series 2024 E                                            | CUSIP: 79728FLL3<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   7450000 | PA      | $7114295.55   | 1.06%             | 2040-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2021 A                                          | CUSIP: 13058TMF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $392299.50    | 0.06%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tustin Community Facilities District                                               | Tustin Community Facilities District, Series 2015 A                                         | CUSIP: 901047GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2107251.30   | 0.31%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                           | Romoland School District, Series 2020 A                                                     | CUSIP: 776192SC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $508947.65    | 0.08%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                             | M-S-R Energy Authority, Series 2009 B                                                       | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2057182.34   | 0.31%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                  | California Housing Finance Agency, Series 2019-2, Class A                                   | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4316777 | PA      | $4324503.26   | 0.64%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2021                         | CUSIP: 13077EKP4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $454289.95    | 0.07%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 B-1                            | CUSIP: 13016NFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $126112.83    | 0.02%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 13048VV39<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3052976.70   | 0.45%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ceres Unified School District                                                      | Ceres Unified School District, Series 2017                                                  | CUSIP: 156753PP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $545616.04    | 0.08%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2019                                            | CUSIP: 13059TGL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7120000 | PA      | $6745779.21   | 1.00%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                              | CSCDA Community Improvement Authority, Series 2021 A-2                                      | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $1996370.24   | 0.30%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                    | California Community Choice Financing Authority, Series 2024 F                              | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5314751.50   | 0.79%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NGX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $303142.42    | 0.05%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                              | City of Sacramento, Series 2021                                                             | CUSIP: 786071RB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $515710.56    | 0.08%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                   | California Community College Financing Authority, Series 2018                               | CUSIP: 13012RAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $830629.04    | 0.12%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                 | City of Fontana, Series 2024                                                                | CUSIP: 344630N20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1477442.70   | 0.22%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $371017.28    | 0.06%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2021 A                                          | CUSIP: 13059THC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $434774.16    | 0.06%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                         | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024 B                   | CUSIP: 120827ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526477.10   | 0.23%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Riverside County Redevelopment Successor Agency                                    | Riverside County Redevelopment Successor Agency, Series B                                   | CUSIP: 76913AKQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514492.20    | 0.08%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                   | Folsom Ranch Financing Authority, Series 2024                                               | CUSIP: 344414HC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1177794.48   | 0.17%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                         | San Luis Obispo County Financing Authority, Series 2022 A                                   | CUSIP: 798712DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2013333.06   | 0.30%             | 2047-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of San Bernardino CA                                                        | County of San Bernardino, Series 2014                                                       | CUSIP: 796844MZ8<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504153.00   | 0.37%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2018                         | CUSIP: 13081KAX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7038446.10   | 1.05%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temescal Valley Water District                                                     | Temescal Valley Water District, Series 2024                                                 | CUSIP: 87975CBX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1168950.95   | 0.17%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                                | Chino Community Facilities District, Series 2022                                            | CUSIP: 169511WZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1632321.44   | 0.24%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                          | Golden State Tobacco Securitization Corp., Series 2022 A-1                                  | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4928323.50   | 0.73%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $768777.28    | 0.11%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Corona Community Facilities District                                               | City of Corona, Series 2024                                                                 | CUSIP: 219680HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $733999.21    | 0.11%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                  | California Housing Finance Agency, Series 2019-1, Class A                                   | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2721637 | PA      | $2759526.54   | 0.41%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2022 A                                       | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6107847.60   | 0.91%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2023                                         | CUSIP: 13048VG51<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5756350.60   | 0.86%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                | California Community Housing Agency, Series 2021 A-1                                        | CUSIP: 13013FAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7775000 | PA      | $5038391.27   | 0.75%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                  | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023              | CUSIP: 79772ADL8<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1195940.13   | 0.18%             | 2040-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NEW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $260340.80    | 0.04%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                            | City of Fairfield, Series 2021 A                                                            | CUSIP: 304194FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2077544.00   | 0.31%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                           | New Hampshire Business Finance Authority, Series 2024-4, Class ACA                          | CUSIP: 63607WBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8960756 | PA      | $8324438.46   | 1.24%             | 2039-07-20      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                      | Poway Unified School District, Series 2022                                                  | CUSIP: 738855N35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589828.00   | 0.38%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2024 A                                          | CUSIP: 13059TJS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1433216.55   | 0.21%             | 2064-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                        | City of Long Beach, Series 2025                                                             | CUSIP: 542426DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $769453.73    | 0.11%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2019 A                                       | CUSIP: 13048VLA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4280852.50   | 0.64%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2019                          | CUSIP: 13034AD23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4502288.18   | 0.67%             | 2055-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2025 A                       | CUSIP: 13079PA29<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3699667.88   | 0.55%             | 2035-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                              | CSCDA Community Improvement Authority, Series 2021 A-1                                      | CUSIP: 126292AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $1787410.13   | 0.27%             | 2041-08-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2024 A                                          | CUSIP: 13058TUL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1346358.60   | 0.20%             | 2059-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                      | Los Angeles Housing Authority, Series 2024 B                                                | CUSIP: 544562CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995017.70    | 0.15%             | 2034-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                        | City of Long Beach, Series 2025                                                             | CUSIP: 542426DU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1165638.83   | 0.17%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                | State of California                                                                         | CUSIP: 13063D4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5575000 | PA      | $5822668.82   | 0.87%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 13048V2U1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1199149.38   | 0.18%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chabot-Las Positas Community College District                                      | Chabot-Las Positas Community College District, Series 2016 C                                | CUSIP: 15722TKU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7390439.70   | 1.10%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2021 A                                          | CUSIP: 13058TMH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $759252.10    | 0.11%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NFZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92850.10     | 0.01%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2023                                                              | CUSIP: 7778705A0<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    735000 | PA      | $740281.12    | 0.11%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2021 A                                       | CUSIP: 13051ABJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $908302.01    | 0.13%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2015                         | CUSIP: 13080SGV0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2512015.20   | 0.37%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                                 | Long Beach Unified School District, Series 2008 D-1                                         | CUSIP: 542433QM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $594094.90    | 0.09%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                        | California Enterprise Development Authority, Series 2020 A                                  | CUSIP: 13069BAP1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498657.00    | 0.07%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NGT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $599806.66    | 0.09%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2018                                         | CUSIP: 13049YCJ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5195000 | PA      | $5175725.51   | 0.77%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2025 A                                       | CUSIP: 13051EAF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982405.30    | 0.15%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                                 | Long Beach Unified School District, Series 2016 B                                           | CUSIP: 542433WZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $3304676.80   | 0.49%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Bills                                                                         | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    600000 | PA      | $593458.03    | 0.09%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hesperia Unified School District                                                   | Hesperia Unified School District, Series 2015-1                                             | CUSIP: 428063EA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $737435.93    | 0.11%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sweetwater Union High School District                                              | Sweetwater Union High School District, Series 2022 A-1                                      | CUSIP: 870462UG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6709099.15   | 1.00%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2019 A                       | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    475000 | PA      | $469170.37    | 0.07%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2024 B                        | CUSIP: 13035ADX4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968041.80    | 0.14%             | 2059-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Community College District                                                | Imperial Community College District, Series 2023 A                                          | CUSIP: 452641LM3<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567594.50   | 0.23%             | 2053-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2020                          | CUSIP: 13034AK33<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    515000 | PA      | $517848.36    | 0.08%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2019 A                       | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1312299.36   | 0.19%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                              | CSCDA Community Improvement Authority, Series 2021 A                                        | CUSIP: 126292AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3185000 | PA      | $2729732.92   | 0.41%             | 2056-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2016 A                                          | CUSIP: 13059TCP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1831735.76   | 0.27%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Guam                                                             | Port Authority of Guam, Series 2018 A                                                       | CUSIP: 400652AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1500000 | PA      | $1455853.65   | 0.22%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                          | City of Rancho Cordova, Series 2024                                                         | CUSIP: 75211RRL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1552805.96   | 0.23%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                   | California Health Facilities Financing Authority, Series 2018                               | CUSIP: 13032USL3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4850000 | PA      | $4594173.66   | 0.68%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                   | California Community College Financing Authority, Series 2018                               | CUSIP: 13012RAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509556.75    | 0.08%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                 | City of Fontana, Series 2020                                                                | CUSIP: 344630WV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $241719.72    | 0.04%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                   | California Health Facilities Financing Authority, Series 2018                               | CUSIP: 13032USK5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2640825.37   | 0.39%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2021 A                                          | CUSIP: 13059THD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $561407.49    | 0.08%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2022 A                                       | CUSIP: 13049RBS4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $551621.55    | 0.08%             | 2056-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                  | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023              | CUSIP: 79772ADN4<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067826.70   | 0.16%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                   | California Health Facilities Financing Authority, Series 2024 B                             | CUSIP: 13032UL22<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985972.10    | 0.15%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Dixon CA                                                                   | City of Dixon, Series 2020                                                                  | CUSIP: 255650EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $424945.39    | 0.06%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 13051AGT9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978569.50    | 0.15%             | 2054-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                              | CSCDA Community Improvement Authority, Series 2021 A-2                                      | CUSIP: 126292BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8110000 | PA      | $5243484.82   | 0.78%             | 2057-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NFY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $186549.18    | 0.03%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2024 B-1                     | CUSIP: 13080SU93<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1895399.92   | 0.28%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2023 B                                       | CUSIP: 13051AGA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $617387.64    | 0.09%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                        | California Educational Facilities Authority, Series 2016 A                                  | CUSIP: 130179GT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $426518.44    | 0.06%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                        | City of Long Beach, Series 2025                                                             | CUSIP: 542426DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030607.00   | 0.15%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport       | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2018 B | CUSIP: 79766DLB3<br>LEI: 54930055TIDYHNDP4F84 | Long             | STIV             | MUN               | US        |   4505000 | PA      | $4505000.00   | 0.67%             | 2058-05-01      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| South Tahoe Joint Powers Financing Authority                                       | South Tahoe Joint Powers Financing Authority, Series 2023 A                                 | CUSIP: 84049MCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3723338.15   | 0.55%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2022 A                                          | CUSIP: 13059THH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540823.25   | 0.23%             | 2052-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                  | California Housing Finance Agency, Series 2024 L                                            | CUSIP: 13034DAG9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3310124.35   | 0.49%             | 2027-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Rohnert Park Community Development Commission Successor Agency                     | Rohnert Park Community Development Commission Successor Agency, Series 1999                 | CUSIP: 77539HCS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1336468.70   | 0.20%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2021                         | CUSIP: 13077EKQ2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $959083.40    | 0.14%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2020 A                                          | CUSIP: 13058TKA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2785269.90   | 0.41%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2017 A                       | CUSIP: 13080SRU0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    310000 | PA      | $316996.14    | 0.05%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                            | Tobacco Securitization Authority of Southern California, Series 2019 B-1, Class 2           | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9345000 | PA      | $8880042.33   | 1.32%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 13051AJJ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $757648.35    | 0.11%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2020 A                                          | CUSIP: 13058TKC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2786043.90   | 0.41%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                                | City of Los Angeles                                                                         | CUSIP: 544445C64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9005593.50   | 1.34%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2022 A                                       | CUSIP: 13049RBQ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    295000 | PA      | $249819.63    | 0.04%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Diego CA Community Facilities District No. 3                           | City of San Diego, Series 2013                                                              | CUSIP: 79727QCA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $965718.25    | 0.14%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2022 A                                       | CUSIP: 13049RBR6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $566009.48    | 0.08%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                              | CSCDA Community Improvement Authority, Series 2021 A-2                                      | CUSIP: 126292AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2207389.04   | 0.33%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 13049SGD0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2799374.60   | 0.42%             | 2059-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2020 B                                       | CUSIP: 13051AAR9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    660000 | PA      | $635144.73    | 0.09%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                                | California State Public Works Board                                                         | CUSIP: 13068XJU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10915000 | PA      | $11825478.00  | 1.76%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temescal Valley Water District                                                     | Temescal Valley Water District, Series 2024                                                 | CUSIP: 87975CBU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $639138.93    | 0.09%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Redevelopment Successor Agency                                    | Riverside County Redevelopment Successor Agency, Series B                                   | CUSIP: 76913AKX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1022925.68   | 0.15%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                               | Northern California Energy Authority, Series 2024                                           | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6310199.40   | 0.94%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreland School District                                                           | Moreland School District, Series 2024 B                                                     | CUSIP: 616794YD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3668438.39   | 0.55%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                             | M-S-R Energy Authority, Series 2009 A                                                       | CUSIP: 55374SAC4<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $7178689.80   | 1.07%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                          | City of Vernon, Series 2022 A                                                               | CUSIP: 924397FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $756921.58    | 0.11%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Putnam Funds Trust                                                                 | Putnam Short Term Investment Fund, Class P                                                  | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   4693264 | NS      | $4693264.47   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2021                                         | CUSIP: 13049YFQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9250000 | PA      | $6744517.25   | 1.00%             | 2051-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                      | Los Angeles Housing Authority, Series 2024 C                                                | CUSIP: 544562CR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2418702.96   | 0.36%             | 2034-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                        | California Educational Facilities Authority, Series 2014 A                                  | CUSIP: 1301784X1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999918.00    | 0.15%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport Beach CA                                                           | City of Newport Beach, Series 2023 A                                                        | CUSIP: 651784UR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255855.58    | 0.04%             | 2032-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hartnell Community College District/CA                                             | Hartnell Community College District, Series 2015 A                                          | CUSIP: 417123EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $660628.80    | 0.10%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Community Facilities District No. 2016-1         | City & County of San Francisco, Series 2021                                                 | CUSIP: 79773JBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $750401.00    | 0.11%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Temescal Valley Water District                                                     | Temescal Valley Water District, Series 2024                                                 | CUSIP: 87975CBW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1199395.88   | 0.18%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                          | City of Rancho Cordova, Series 2024                                                         | CUSIP: 75211RRM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1956045.11   | 0.29%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2017 A                       | CUSIP: 13080SSD7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3440000 | PA      | $2855797.53   | 0.42%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2021 A                                       | CUSIP: 13051ABH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    660000 | PA      | $594156.16    | 0.09%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency I                                                      | CMFA Special Finance Agency I, Series 2021 A-2                                              | CUSIP: 12574TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2526272.35   | 0.38%             | 2056-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                        | Commonwealth of Puerto Rico, Series 2022 A-1                                                | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2750000 | PA      | $2622771.25   | 0.39%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 13051AJK5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249217.00   | 0.19%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport       | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024 A | CUSIP: 79766DWX3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010204.20   | 0.15%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hartnell Community College District/CA                                             | Hartnell Community College District, Series 2015 A                                          | CUSIP: 417123EH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $2970621.03   | 0.44%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                     | Irvine Unified School District, Series 2017 B                                               | CUSIP: 463612JY8<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1001375.26   | 0.15%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2020 B                                       | CUSIP: 13051AAT5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1268058.70   | 0.19%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                  | San Francisco City & County Redevelopment Agency Successor Agency, Series 2023              | CUSIP: 79772ADK0<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096062.10   | 0.16%             | 2039-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                      | Los Angeles Housing Authority, Series 2024 A                                                | CUSIP: 544562CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5194337.93   | 0.77%             | 2034-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2021                                         | CUSIP: 13048VWS3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    960000 | PA      | $725755.78    | 0.11%             | 2041-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                     | Irvine Unified School District, Series 2017 A                                               | CUSIP: 463612JE2<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    190000 | PA      | $190422.01    | 0.03%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2020                                                              | CUSIP: 777870P26<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    450000 | PA      | $376954.70    | 0.06%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 A                              | CUSIP: 13016NGS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $347217.99    | 0.05%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dixon CA                                                                   | City of Dixon, Series 2020                                                                  | CUSIP: 255650EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1738809.00   | 0.26%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2021 A                                          | CUSIP: 13058TMG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $444793.25    | 0.07%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                            | Los Angeles Department of Water & Power, Series 2025 A                                      | CUSIP: 544532PU2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016764.80   | 0.30%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2023 A                                       | CUSIP: 13049SFH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $814179.20    | 0.12%             | 2058-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                        | City of Long Beach, Series 2025                                                             | CUSIP: 542426DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055769.50   | 0.16%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2025 A                                       | CUSIP: 13051EAH3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946391.80    | 0.14%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2024                         | CUSIP: 13077ERX0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2359382.64   | 0.35%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2015 A                                          | CUSIP: 13059TBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1447001.40   | 0.21%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                                 | Grays Harbor County Public Hospital District No. 1, Series 2023                             | CUSIP: 389526AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4697380.63   | 0.70%             | 2044-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| El Rancho Unified School District                                                  | El Rancho Unified School District, Series 2023 D                                            | CUSIP: 283839F60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1661897.25   | 0.25%             | 2048-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2018 A                       | CUSIP: 13080SUG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2096147.75   | 0.31%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rocklin CA                                                                 | City of Rocklin, Series 2019                                                                | CUSIP: 773747FM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $485574.00    | 0.07%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2019                                         | CUSIP: 13048VMW5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3394404.63   | 0.50%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2020 A-1                      | CUSIP: 13034AW22<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    455000 | PA      | $423266.21    | 0.06%             | 2035-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2014                                | CUSIP: 13016NEC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4836447.50   | 0.72%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2019 A                                          | CUSIP: 13059TFT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009226.40   | 0.15%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                          | Alameda Corridor Transportation Authority, Series 2022 A                                    | CUSIP: 010869JP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5590980.00   | 0.83%             | 2049-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2019 A                                          | CUSIP: 13059TFV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $2953669.95   | 0.44%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport Beach CA                                                           | City of Newport Beach, Series 2023 A                                                        | CUSIP: 651784UQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256783.75    | 0.04%             | 2031-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                        | California Educational Facilities Authority, Series 2023                                    | CUSIP: 130179UX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4085527.20   | 0.61%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2022 B                        | CUSIP: 13035ADC0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4859022.50   | 0.72%             | 2057-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                   | California Pollution Control Financing Authority, Series 2019                               | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2123840.65   | 0.32%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 13049SGC2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1786474.26   | 0.27%             | 2054-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                   | California Community College Financing Authority, Series 2018                               | CUSIP: 13012RAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $864929.67    | 0.13%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                           | River Islands Public Financing Authority, Series 2024                                       | CUSIP: 76827QKX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1527830.54   | 0.23%             | 2044-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santa Maria Joint Union High School District                                       | Santa Maria Joint Union High School District, Series 2021                                   | CUSIP: 802309NL4<br>LEI: 5493006E0NB791MBEL10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $227211.20    | 0.03%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District                                                  | Riverside Unified School District, Series 2024                                              | CUSIP: 769069U45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $690874.09    | 0.10%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                   | California Pollution Control Financing Authority, Series 2019                               | CUSIP: 13054WAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2273426.10   | 0.34%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 B-2                            | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7295000 | PA      | $1443256.66   | 0.21%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                 | City of Fontana, Series 2024                                                                | CUSIP: 344630M96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1159273.38   | 0.17%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                                  | Long Beach Bond Finance Authority, Series 2007 A                                            | CUSIP: 54241AAU7<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5290126.50   | 0.79%             | 2028-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Fillmore CA                                                                | City of Fillmore, Series 2023                                                               | CUSIP: 317078EV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1104335.53   | 0.16%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 13051AHG6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    785000 | PA      | $785258.74    | 0.12%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District                                                      | Menifee Union School District, Series 2021                                                  | CUSIP: 5868104C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $690589.84    | 0.10%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                        | California Enterprise Development Authority, Series 2024 A                                  | CUSIP: 13069BBC9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001466.90   | 0.15%             | 2045-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2018                                         | CUSIP: 13049YCH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504528.30    | 0.07%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                     | Irvine Unified School District, Series 2017 A                                               | CUSIP: 463612JD4<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    395000 | PA      | $397530.88    | 0.06%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montebello Unified School District                                                 | Montebello Unified School District, Series 2016 B                                           | CUSIP: 612289UT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3028076.40   | 0.45%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2023 B                                       | CUSIP: 13051AGB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1909878.95   | 0.28%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                  | Territory of Guam, Series 2019                                                              | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    640000 | PA      | $652818.62    | 0.10%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2024 B-1                     | CUSIP: 13080SV27<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1656107.31   | 0.25%             | 2049-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2022 B                        | CUSIP: 13035ADA4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2276216.85   | 0.34%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                             | City of Los Angeles, Series 2018 A-1                                                        | CUSIP: 544582WX3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   4775012 | PA      | $4244729.88   | 0.63%             | 2039-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                    | California Community Choice Financing Authority, Series 2025 B                              | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2757535.23   | 0.41%             | 2056-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dublin CA                                                                  | City of Dublin, Series 2023                                                                 | CUSIP: 26362DBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1247258.62   | 0.19%             | 2051-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Rocklin CA                                                                 | City of Rocklin, Series 2015                                                                | CUSIP: 773747ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3430000 | PA      | $3436721.77   | 0.51%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2025 A                                       | CUSIP: 13051EAJ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930355.50    | 0.14%             | 2055-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                        | City of Long Beach, Series 2025                                                             | CUSIP: 542426DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1181695.35   | 0.18%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2016 A                       | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1919708.00   | 0.29%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2017 A                       | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    720000 | PA      | $730462.54    | 0.11%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                               | City of Roseville, Series 2023                                                              | CUSIP: 7778705C6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985632.20    | 0.15%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                        | California Educational Facilities Authority, Series 2015                                    | CUSIP: 130179YB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30220.87     | 0.00%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2020 A                                          | CUSIP: 13059TGZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $1851965.80   | 0.28%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                   | California Health Facilities Financing Authority, Series 2024 B                             | CUSIP: 13032UK72<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543898.85   | 0.23%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                        | Orange County Community Facilities District, Series 2023 A                                  | CUSIP: 68423PA83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1497700.80   | 0.22%             | 2048-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2021 A                                          | CUSIP: 13058TPF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2177682.90   | 0.32%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                                | City of Los Angeles                                                                         | CUSIP: 544445ER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9915127.00   | 1.47%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2022 A                                          | CUSIP: 13058TPW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2139235.21   | 0.32%             | 2061-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                      | Hemet Unified School District, Series 2025                                                  | CUSIP: 423540MX8<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |    725000 | PA      | $725035.74    | 0.11%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                    | California County Tobacco Securitization Agency, Series 2020 B                              | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $804149.36    | 0.12%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2020 A-1                      | CUSIP: 13034AW30<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2439678.40   | 0.36%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dixon CA                                                                   | City of Dixon, Series 2020                                                                  | CUSIP: 255650DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $365190.52    | 0.05%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of San Diego CA                                                             | County of San Diego, Series 2020 A                                                          | CUSIP: 79743ACU5<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |    875000 | PA      | $727574.66    | 0.11%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 13051AGS1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    375000 | PA      | $372874.88    | 0.06%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Root Creek Water District Community Facilities District No. 2016-1 Impt Area No. 3 | Root Creek Water District, Series 2025                                                      | CUSIP: 77664AAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992411.80    | 0.15%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2025 A                       | CUSIP: 13078YWH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1293713.59   | 0.19%             | 2040-09-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District                                                  | Riverside Unified School District, Series 2024                                              | CUSIP: 769069U37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $377872.34    | 0.06%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                 | City of Fontana, Series 2024                                                                | CUSIP: 344630M88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010935.50   | 0.15%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Murrieta Valley Unified School District                                            | Murrieta Valley Unified School District                                                     | CUSIP: 626905JE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1638827.80   | 0.24%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                   | California Community College Financing Authority, Series 2018                               | CUSIP: 13012RAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $625116.60    | 0.09%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Root Creek Water District Community Facilities District No. 2016-1 Impt Area No. 3 | Root Creek Water District, Series 2025                                                      | CUSIP: 77664AAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $972090.11    | 0.14%             | 2045-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                                | Chino Community Facilities District, Series 2022                                            | CUSIP: 169511XB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036904.60   | 0.30%             | 2052-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 13048V2T4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975702.80    | 0.14%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indio Finance Authority                                                            | Indio Finance Authority, Series 2022 A                                                      | CUSIP: 45571LDP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4286247.60   | 0.64%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Diego Tobacco Settlement Revenue Funding Corp.                         | City of San Diego, Series 2018 C                                                            | CUSIP: 797330AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $219113.71    | 0.03%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                   | Folsom Ranch Financing Authority, Series 2024                                               | CUSIP: 344414HD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2663333.12   | 0.40%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2020 A                                          | CUSIP: 13059TGY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $719834.32    | 0.11%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024 A                                       | CUSIP: 13049SGB4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1229026.21   | 0.18%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                | State of California                                                                         | CUSIP: 13063DZZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $399622.40    | 0.06%             | 2043-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                 | City of Fontana, Series 2020                                                                | CUSIP: 344630WX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $576320.25    | 0.09%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                             | California Statewide Communities Development Authority, Series 2019 A                       | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $382001.29    | 0.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                      | San Francisco Bay Area Rapid Transit District, Series 2019 F-1                              | CUSIP: 797661YZ2<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   4280000 | PA      | $3737197.13   | 0.56%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                          | City of Vernon, Series 2020 A                                                               | CUSIP: 924397DX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1504950.34   | 0.22%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                  | FHLMC, Multi-family ML Pass-Through Certificates, Series 2019-ML05, Class ACA               | CUSIP: 30309HAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10002260 | PA      | $9537950.53   | 1.42%             | 2033-11-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue                    | San Francisco Bay Area Rapid Transit District, Series 2019 A                                | CUSIP: 797669ZG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2328459.60   | 0.35%             | 2044-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                | California School Finance Authority, Series 2017                                            | CUSIP: 13058TTB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $951122.04    | 0.14%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Maria Joint Union High School District                                       | Santa Maria Joint Union High School District, Series 2021                                   | CUSIP: 802309NP5<br>LEI: 5493006E0NB791MBEL10 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1186088.24   | 0.18%             | 2039-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                              | California Infrastructure & Economic Development Bank, Series 2021 B                        | CUSIP: 13034AV23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1052815.00   | 0.16%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ontario CA                                                                 | City of Ontario, Series 2021                                                                | CUSIP: 68304NCE7<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $953367.48    | 0.14%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 13051AHF8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    900000 | PA      | $908356.23    | 0.13%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                    | California Community Choice Financing Authority, Series 2021 A                              | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  11600000 | PA      | $11635886.92  | 1.73%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                             | California Municipal Finance Authority, Series 2024                                         | CUSIP: 13051AJH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $410852.20    | 0.06%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Putnam California Tax Exempt Income Fund

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer