# EDGAR Filing Document

**Accession Number:** 0000895531
**File Stem:** 0000895531-26-000004
**Filing Date:** 2026-1
**Character Count:** 273002
**Document Hash:** 0c89db19ef08ec4838dfcb49dd735eda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000895531-26-000004.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000895531-26-000004

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco California Value Municipal Income Trust
- **CENTRAL INDEX KEY:** 0000895531

**ORGANIZATION NAME:**
- **EIN:** 367017425
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07404
- **FILM NUMBER:** 26575325

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-439-3217

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Invesco Van Kampen California Value Municipal Income Trust
- **DATE OF NAME CHANGE:** 20100601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 19981006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN KAMPEN AMERICAN CAPITAL CALIFORNIA VALUE MUNIC INC TRUST
- **DATE OF NAME CHANGE:** 19960102

## Nport-Ex

**Schedule of Investments** 

*November 30, 2025*

*(Unaudited)* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Municipal Obligations–162.12%**<sup>(a)</sup>  | **Municipal Obligations–162.12%**<sup>(a)</sup>  | **Municipal Obligations–162.12%**<sup>(a)</sup>  | **Municipal Obligations–162.12%**<sup>(a)</sup>  | **Municipal Obligations–162.12%**<sup>(a)</sup>  | **Municipal Obligations–162.12%**<sup>(a)</sup>  |
| **California–158.00%** | **California–158.00%** | **California–158.00%** | **California–158.00%** |  |  |
| Adelanto School District (Community Facilities District No. 4); Series 2023, RB | 5.75% | 09/01/2053 |  | $490 | &nbsp;&nbsp; $521427 |
| Alameda (City of), CA Community Facilities District (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.00% | 09/01/2048 |  | 750 | &nbsp;&nbsp; 765858 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.00% | 09/01/2053 |  | 1175 | &nbsp;&nbsp; 1195180 |
| Alameda (City of), CA Corridor Transportation Authority; Series 2022 C, RB (INS - AGI)<sup>(b)(c)</sup> <br>| 5.45% | 10/01/2052 |  | 2000 | &nbsp;&nbsp; 1140715 |
| Alhambra Unified School District (Election of 2004); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2035 |  | 1120 | &nbsp;&nbsp; 822310 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2036 |  | 1805 | &nbsp;&nbsp; 1265450 |
| &nbsp;&nbsp;&nbsp; Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. <br> 2); Series 2023, RB<br>| 5.00% | 09/01/2048 |  | 660 | &nbsp;&nbsp; 677418 |
| Beverly Hills Unified School District (Election of 2008); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2026 |  | 1245 | &nbsp;&nbsp; 1225941 |
| &nbsp;&nbsp;&nbsp; Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2028 |  | 3000 | &nbsp;&nbsp; 2814328 |
| &nbsp;&nbsp;&nbsp; Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2031 |  | 2010 | &nbsp;&nbsp; 1745763 |
| &nbsp;&nbsp;&nbsp; Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2032 |  | 430 | &nbsp;&nbsp; 362355 |
| Burbank-Glendale-Pasadena Airport Authority; Series 2024 B, RB<sup>(e)</sup> <br>| 5.25% | 07/01/2054 |  | 4900 | &nbsp;&nbsp; 5106227 |
| California (State of); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(f)</sup> <br>| 5.00% | 09/01/2053 |  | 10000 | &nbsp;&nbsp; 10631988 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(f)</sup> <br>| 5.00% | 03/01/2055 |  | 2500 | &nbsp;&nbsp; 2673752 |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(g)</sup> <br>| 5.00% | 12/01/2032 |  | 7500 | &nbsp;&nbsp; 7893535 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(g)</sup> <br>| 5.00% | 05/01/2035 |  | 2500 | &nbsp;&nbsp; 2658061 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 05/01/2035 |  | 3500 | &nbsp;&nbsp; 3841128 |
| California (State of) Community Choice Financing Authority (Green Bonds); Series 2023 G, RB<sup>(f)(g)</sup> <br>| 5.25% | 04/01/2030 |  | 3000 | &nbsp;&nbsp; 3210080 |
| &nbsp;&nbsp;&nbsp; California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - <br> Orange Coast College); Series 2018, RB<br>| 5.25% | 05/01/2048 |  | 1335 | &nbsp;&nbsp; 1350913 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset <br> Securitization Corp.); Series 2006 C, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2055 |  | 22950 | &nbsp;&nbsp; 2262475 |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 06/01/2040 |  | 600 | &nbsp;&nbsp; 568915 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 06/01/2049 |  | 1000 | &nbsp;&nbsp; 865152 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 06/01/2049 |  | 290 | &nbsp;&nbsp; 251982 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB<sup>(d)</sup> <br>| 0.00% | 06/01/2055 |  | 10000 | &nbsp;&nbsp; 1921692 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.); <br> Series 2020, Ref. RB<br>| 5.00% | 06/01/2050 |  | 1065 | &nbsp;&nbsp; 1001903 |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 4.00% | 06/01/2049 |  | 370 | &nbsp;&nbsp; 321495 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 5.00% | 06/01/2049 |  | 400 | &nbsp;&nbsp; 400350 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(d)</sup> <br>| 0.00% | 06/01/2055 |  | 2950 | &nbsp;&nbsp; 590138 |
| &nbsp;&nbsp;&nbsp; California (State of) Educational Facilities Authority (Art Center College of Design); Series 2018 A, <br> Ref. RB<br>| 5.00% | 12/01/2044 |  | 2500 | &nbsp;&nbsp; 2513353 |
| California (State of) Educational Facilities Authority (Loma Linda University); Series 2017 A, Ref. RB | 5.00% | 04/01/2042 |  | 3285 | &nbsp;&nbsp; 3305676 |
| &nbsp;&nbsp;&nbsp; California (State of) Educational Facilities Authority (Saint Mary's College of California); Series 2023, <br> Ref. RB<br>| 5.25% | 10/01/2044 |  | 1900 | &nbsp;&nbsp; 1846976 |
| California (State of) Educational Facilities Authority (University of Redlands); Series 2022 A, RB | 5.00% | 10/01/2052 |  | 1400 | &nbsp;&nbsp; 1406400 |
| &nbsp;&nbsp;&nbsp; California (State of) Educational Facilities Authority (University of Southern California); Series 2025 <br> A, RB<sup>(f)</sup> <br>| 5.00% | 10/01/2055 |  | 2500 | &nbsp;&nbsp; 2672257 |
| &nbsp;&nbsp;&nbsp; California (State of) Enterprise Development Authority (Heights Christian Schools); Series 2023 A, <br> RB<sup>(h)</sup> <br>| 6.25% | 06/01/2053 |  | 880 | &nbsp;&nbsp; 843938 |
| &nbsp;&nbsp;&nbsp; California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group); <br> Series 2024 A, RB<sup>(h)</sup> <br>| 5.00% | 06/01/2054 |  | 1505 | &nbsp;&nbsp; 1410861 |
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB<sup>(f)</sup> <br>| 4.00% | 08/15/2048 |  | 8000 | &nbsp;&nbsp; 7420226 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 5.00% | 08/15/2051 |  | 7950 | &nbsp;&nbsp; 8404061 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center); Series 2021 <br> A, Ref. RB<br>| 4.00% | 08/15/2048 |  | 14610 | &nbsp;&nbsp; 13551188 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles); <br> Series 2017 A, Ref. RB<br>| 5.00% | 08/15/2047 |  | $2285 | &nbsp;&nbsp; $2250738 |
| California (State of) Health Facilities Financing Authority (CommonSpirit Health); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(g)(i)</sup> <br>| 4.00% | 04/01/2030 |  | 195 | &nbsp;&nbsp; 207610 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 4.00% | 04/01/2049 |  | 5555 | &nbsp;&nbsp; 5084137 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Episcopal Communities & Services); <br> Series 2024, RB<br>| 5.25% | 11/15/2058 |  | 1250 | &nbsp;&nbsp; 1273624 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Kaiser Permanente); Subseries 2017 A-2, <br> RB<br>| 5.00% | 11/01/2047 |  | 7000 | &nbsp;&nbsp; 7954773 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children's Hospital at <br> Stanford); Series 2017, RB<br>| 4.00% | 11/15/2047 |  | 1090 | &nbsp;&nbsp; 1040281 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Lucile Salter Packard); Series 2022, Ref. <br> RB<br>| 4.00% | 05/15/2046 |  | 2940 | &nbsp;&nbsp; 2824560 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social <br> Bonds); Series 2020, Ref. RB<br>| 5.00% | 08/01/2050 |  | 1000 | &nbsp;&nbsp; 1004507 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Providence Health & Services); Series 2014 <br> B, RB<br>| 5.00% | 10/01/2044 |  | 2000 | &nbsp;&nbsp; 2000994 |
| California (State of) Health Facilities Financing Authority (Sutter Health); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 11/15/2046 |  | 2915 | &nbsp;&nbsp; 2933650 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 4.00% | 11/15/2042 |  | 4000 | &nbsp;&nbsp; 3908718 |
| California (State of) Housing Finance Agency; Series 2019 A-2, RB | 4.00% | 03/20/2033 |  | 3139 | &nbsp;&nbsp; 3220324 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail); <br> Series 2025 B, Ref. RB<sup>(e)(g)</sup> <br>| 12.00% | 11/02/2026 |  | 1445 | &nbsp;&nbsp; 1228250 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Green Bonds) (California Science <br> Center Phase III); Series 2021 B, RB<br>| 4.00% | 05/01/2051 |  | 2865 | &nbsp;&nbsp; 2643072 |
| California (State of) Municipal Finance Authority (Aldersly); Series 2023 A, RB (INS - Cal-Mortgage)<sup>(c)</sup> <br>| 5.00% | 05/15/2053 |  | 8145 | &nbsp;&nbsp; 8505828 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (American Heritage Education Foundation); <br> Series 2016 A, Ref. RB<br>| 5.00% | 06/01/2046 |  | 2750 | &nbsp;&nbsp; 2751222 |
| California (State of) Municipal Finance Authority (Bella Mente Montessori Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(h)</sup> <br>| 5.00% | 06/01/2038 |  | 560 | &nbsp;&nbsp; 562465 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(h)</sup> <br>| 5.00% | 06/01/2048 |  | 2270 | &nbsp;&nbsp; 2156030 |
| California (State of) Municipal Finance Authority (Bold Program); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 4.00% | 09/01/2040 |  | 1450 | &nbsp;&nbsp; 1418777 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/01/2043 |  | 315 | &nbsp;&nbsp; 292424 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/01/2050 |  | 455 | &nbsp;&nbsp; 400830 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, RB | 4.00% | 09/01/2046 |  | 1300 | &nbsp;&nbsp; 1193256 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, RB | 4.00% | 09/01/2051 |  | 1800 | &nbsp;&nbsp; 1590960 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB | 6.00% | 09/01/2052 |  | 840 | &nbsp;&nbsp; 893165 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB | 6.30% | 09/01/2052 |  | 335 | &nbsp;&nbsp; 359608 |
| &nbsp;&nbsp;&nbsp; Series 2022 C, RB | 6.25% | 09/01/2052 |  | 995 | &nbsp;&nbsp; 1066404 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB | 5.75% | 09/01/2053 |  | 500 | &nbsp;&nbsp; 531101 |
| California (State of) Municipal Finance Authority (California Baptist University); Series 2016 A, RB<sup>(h)</sup> <br>| 5.00% | 11/01/2046 |  | 1200 | &nbsp;&nbsp; 1158575 |
| California (State of) Municipal Finance Authority (Caritas); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 4.00% | 08/15/2042 |  | 2055 | &nbsp;&nbsp; 1952870 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, Ref. RB | 4.00% | 08/15/2056 |  | 995 | &nbsp;&nbsp; 838358 |
| California (State of) Municipal Finance Authority (Caritas) (Social Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 08/15/2058 |  | 500 | &nbsp;&nbsp; 517145 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 08/15/2049 |  | 835 | &nbsp;&nbsp; 859548 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 08/15/2059 |  | 1000 | &nbsp;&nbsp; 1019071 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing); <br> Series 2018, RB<br>| 5.00% | 05/15/2043 |  | 2350 | &nbsp;&nbsp; 2374713 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I <br> Student Housing); Series 2019, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 05/15/2049 |  | 2840 | &nbsp;&nbsp; 2898535 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Community Medical Centers); Series 2017 A, Ref. <br> RB<br>| 5.00% | 02/01/2047 |  | 3995 | &nbsp;&nbsp; 4008410 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Greenfield Commons I) (Green Bonds); Series 2023 <br> A, RB (CEP - FNMA)<br>| 5.28% | 09/01/2046 |  | 1050 | &nbsp;&nbsp; 1141187 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Humangood - California Obligated Group); <br> Series 2021, RB<br>| 4.00% | 10/01/2046 |  | 420 | &nbsp;&nbsp; 380723 |
| California (State of) Municipal Finance Authority (Linxs APM); Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 12/31/2043 |  | 3995 | &nbsp;&nbsp; 4019365 |
| California (State of) Municipal Finance Authority (Mt. San Antonio Gardens); Series 2019, Ref. RB | 5.00% | 11/15/2049 |  | 1200 | &nbsp;&nbsp; 1176190 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The)); Series 2018 <br> A, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2049 |  | $1200 | &nbsp;&nbsp; $1093847 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Palomar Health); Series 2022 A, Ref. COP (INS - <br> AGI)<sup>(c)</sup> <br>| 5.25% | 11/01/2052 |  | 2100 | &nbsp;&nbsp; 2165038 |
| California (State of) Municipal Finance Authority (Samuel Merritt University); Series 2022, RB | 5.25% | 06/01/2053 |  | 4000 | &nbsp;&nbsp; 4137454 |
| California (State of) Municipal Finance Authority (Santa Rosa Academy); Series 2022, Ref. RB | 5.00% | 07/01/2062 |  | 3810 | &nbsp;&nbsp; 3478123 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing); <br> Series 2019, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 05/15/2052 |  | 8250 | &nbsp;&nbsp; 8400987 |
| California (State of) Municipal Finance Authority (University of La Verne); Series 2017 A, Ref. RB | 5.00% | 06/01/2043 |  | 1150 | &nbsp;&nbsp; 1155198 |
| California (State of) Municipal Finance Authority (William Jessup University); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (Acquired 04/25/2019; Cost $513,958)<sup>(h)(j)</sup> <br>| 5.00% | 08/01/2039 |  | 500 | &nbsp;&nbsp; 376288 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (Acquired 04/25/2019; Cost $2,761,551)<sup>(h)(j)</sup> <br>| 5.00% | 08/01/2048 |  | 2700 | &nbsp;&nbsp; 1804227 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(e)(h)</sup> <br>| 5.00% | 07/01/2027 |  | 985 | &nbsp;&nbsp; 985995 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(e)(h)</sup> <br>| 5.00% | 07/01/2037 |  | 6000 | &nbsp;&nbsp; 6002770 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(e)(h)</sup> <br>| 5.00% | 11/21/2045 |  | 2000 | &nbsp;&nbsp; 2000009 |
| California (State of) Public Finance Authority (California Crosspoint Academy); Series 2020 A, RB<sup>(h)</sup> <br>| 5.13% | 07/01/2055 |  | 2000 | &nbsp;&nbsp; 1720871 |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(h)</sup> <br>| 5.00% | 11/15/2046 |  | 960 | &nbsp;&nbsp; 882049 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(h)</sup> <br>| 5.00% | 11/15/2056 |  | 1735 | &nbsp;&nbsp; 1527576 |
| California (State of) Public Finance Authority (Hazelden Betty Ford Foundation); Series 2025 A, RB | 5.00% | 11/01/2054 |  | 1225 | &nbsp;&nbsp; 1239152 |
| California (State of) Public Finance Authority (Henry Mayo Newhall Hospital); Series 2017, Ref. RB | 5.00% | 10/15/2047 |  | 2750 | &nbsp;&nbsp; 2733706 |
| California (State of) Public Finance Authority (Kendal at Ventura); Series 2023 A-C, RB<sup>(h)</sup> <br>| 10.00% | 05/15/2028 |  | 1100 | &nbsp;&nbsp; 1440959 |
| California (State of) Public Works Board (Various Capital); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(f)</sup> <br>| 4.00% | 05/01/2046 |  | 10000 | &nbsp;&nbsp; 9742093 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(f)</sup> <br>| 5.00% | 04/01/2050 |  | 2000 | &nbsp;&nbsp; 2130461 |
| California (State of) School Finance Authority (Alliance for College-Ready Public Schools); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2030 |  | 1130 | &nbsp;&nbsp; 1131320 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2045 |  | 2635 | &nbsp;&nbsp; 2635486 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(h)</sup> <br>| 5.00% | 07/01/2059 |  | 1000 | &nbsp;&nbsp; 1013247 |
| California (State of) School Finance Authority (Aspen Public Sschools Obligated Group); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(h)</sup> <br>| 6.13% | 07/01/2052 |  | 1455 | &nbsp;&nbsp; 1468207 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(h)</sup> <br>| 6.25% | 07/01/2062 |  | 1810 | &nbsp;&nbsp; 1826450 |
| California (State of) School Finance Authority (Aspire Public School); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB<sup>(h)</sup> <br>| 5.00% | 08/01/2045 |  | 600 | &nbsp;&nbsp; 585018 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(h)</sup> <br>| 5.00% | 08/01/2041 |  | 1000 | &nbsp;&nbsp; 1000024 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(h)</sup> <br>| 5.00% | 08/01/2046 |  | 1370 | &nbsp;&nbsp; 1342419 |
| California (State of) School Finance Authority (Classical Academies Oceanside); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(h)</sup> <br>| 5.00% | 10/01/2050 |  | 1000 | &nbsp;&nbsp; 976415 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB<sup>(h)</sup> <br>| 5.00% | 10/01/2061 |  | 2100 | &nbsp;&nbsp; 2062328 |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2054 |  | 1900 | &nbsp;&nbsp; 1849436 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2064 |  | 600 | &nbsp;&nbsp; 580157 |
| California (State of) School Finance Authority (Green Dot Public Schools); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(h)</sup> <br>| 5.00% | 08/01/2045 |  | 1000 | &nbsp;&nbsp; 999994 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(h)</sup> <br>| 5.00% | 08/01/2048 |  | 1750 | &nbsp;&nbsp; 1753322 |
| California (State of) School Finance Authority (Harbor Springs Obligated Group); Series 2024, RB<sup>(h)</sup> <br>| 5.63% | 07/01/2063 |  | 1180 | &nbsp;&nbsp; 1190374 |
| California (State of) School Finance Authority (Hawking Steam Charter School); Series 2022, RB<sup>(h)</sup> <br>| 5.50% | 07/01/2062 |  | 775 | &nbsp;&nbsp; 760683 |
| California (State of) School Finance Authority (KIPP LA); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2045 |  | 1150 | &nbsp;&nbsp; 1149948 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2047 |  | 870 | &nbsp;&nbsp; 870820 |
| California (State of) School Finance Authority (KIPP SoCal Public Schools); Series 2019 A, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2039 |  | 750 | &nbsp;&nbsp; 773095 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Orange County Educational Arts Academy); <br> Series 2023, Ref. RB (CEP - Colorado Higher Education Intercept Program)<sup>(h)</sup> <br>| 5.63% | 06/01/2043 |  | 560 | &nbsp;&nbsp; 563086 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Scholarship Prep Public Schools – Obligated Group); <br> Series 2023 A, RB<sup>(h)</sup> <br>| 6.00% | 06/01/2063 |  | 1500 | &nbsp;&nbsp; 1465213 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| California (State of) Statewide Communities Development Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 09/02/2037 |  | $650 | &nbsp;&nbsp; $664764 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 09/02/2046 |  | 715 | &nbsp;&nbsp; 720924 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/02/2050 |  | 185 | &nbsp;&nbsp; 159265 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 09/02/2050 |  | 805 | &nbsp;&nbsp; 815834 |
| &nbsp;&nbsp;&nbsp; Series 2025 A-1, RB | 3.44% | 02/20/2041 |  | 2984 | &nbsp;&nbsp; 2798261 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Adventist Health System); <br> Series 2015 A, Ref. RB<br>| 5.00% | 03/01/2033 |  | 1730 | &nbsp;&nbsp; 1734009 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Buck Institute for Research on <br> Aging); Series 2021, Ref. RB<br>| 4.00% | 04/01/2046 |  | 2000 | &nbsp;&nbsp; 1803508 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (California Baptist University); <br> Series 2017 A, Ref. RB<sup>(h)</sup> <br>| 5.00% | 11/01/2041 |  | 1000 | &nbsp;&nbsp; 1001144 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Community Facilities District No. <br> 2015-1); Series 2020, RB<br>| 4.00% | 09/01/2050 |  | 625 | &nbsp;&nbsp; 548130 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Community Facilities District No. <br> 2016-02); Series 2020, RB<br>| 4.00% | 09/01/2050 |  | 1035 | &nbsp;&nbsp; 906350 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Community Facilities District No. <br> 2020-02); Series 2022, RB<br>| 5.13% | 09/01/2042 |  | 500 | &nbsp;&nbsp; 523509 |
| California (State of) Statewide Communities Development Authority (Delta Coves); Series 2022, RB | 5.50% | 09/01/2052 |  | 1995 | &nbsp;&nbsp; 2053774 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Enloe Medical Center); <br> Series 2022 A, RB (INS - AGI)<sup>(c)</sup> <br>| 5.38% | 08/15/2057 |  | 1680 | &nbsp;&nbsp; 1735749 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Front Porch Communities & <br> Services); Series 2017 A, Ref. RB<br>| 5.00% | 04/01/2047 |  | 4580 | &nbsp;&nbsp; 4591712 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Improvement Area No. 1); <br> Series 2021, RB<br>| 4.00% | 09/01/2041 |  | 200 | &nbsp;&nbsp; 192812 |
| California (State of) Statewide Communities Development Authority (John Muir Health); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 08/15/2051 |  | 1250 | &nbsp;&nbsp; 1254351 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 12/01/2057 |  | 1715 | &nbsp;&nbsp; 1722790 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 12/01/2054 |  | 2500 | &nbsp;&nbsp; 2650951 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Lancer Educational Student <br> Housing);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(h)</sup> <br>| 5.00% | 06/01/2046 |  | 2000 | &nbsp;&nbsp; 1923862 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(h)</sup> <br>| 5.00% | 06/01/2039 |  | 375 | &nbsp;&nbsp; 379138 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(h)</sup> <br>| 5.00% | 06/01/2051 |  | 1145 | &nbsp;&nbsp; 1083592 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center); Series 2016 A, RB<sup>(h)</sup> <br>| 5.25% | 12/01/2056 |  | 3500 | &nbsp;&nbsp; 3500355 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern <br> California); Series 2018, RB<br>| 5.00% | 01/01/2043 |  | 1000 | &nbsp;&nbsp; 1023638 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-<br> California College of the Arts);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(h)</sup> <br>| 5.25% | 07/01/2039 |  | 910 | &nbsp;&nbsp; 927413 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(h)</sup> <br>| 5.25% | 07/01/2049 |  | 2500 | &nbsp;&nbsp; 2498083 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Sheldon Farms); Series 2023, <br> RB<br>| 5.00% | 09/01/2053 |  | 1000 | &nbsp;&nbsp; 1018000 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Statewide Community <br> Infrastructure Program);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 09/02/2043 |  | 375 | &nbsp;&nbsp; 385435 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 09/01/2051 |  | 1000 | &nbsp;&nbsp; 1035357 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 09/02/2053 |  | 1000 | &nbsp;&nbsp; 1024290 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.50% | 09/02/2053 |  | 625 | &nbsp;&nbsp; 643256 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (University of California - Irvine <br> East Campus Apartments, Phase IV-A - CHF-Irvine, LLC); Series 2017, RB<br>| 5.00% | 05/15/2050 |  | 3000 | &nbsp;&nbsp; 3011647 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); <br> Series 2006 A, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2046 |  | 17000 | &nbsp;&nbsp; 4324819 |
| California State University; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(f)(k)</sup> <br>| 5.00% | 11/01/2047 |  | 10000 | &nbsp;&nbsp; 10156123 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 4.63% | 11/01/2056 |  | 2000 | &nbsp;&nbsp; 2048842 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(f)</sup> <br>| 5.25% | 11/01/2050 |  | 5000 | &nbsp;&nbsp; 5473375 |
| Cambrian School District; Series 2022, GO Bonds | 5.00% | 08/01/2048 |  | 7505 | &nbsp;&nbsp; 7811334 |
| Chino (City of), CA Community Facilities District; Series 2020, RB | 4.00% | 09/01/2040 |  | 75 | &nbsp;&nbsp; 75200 |
| Clovis Unified School District (Election of 2004); Series 2004 A, GO Bonds (INS - NATL)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2029 |  | 625 | &nbsp;&nbsp; 566016 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| Compton (City of), CA; Series 2009, RB | 6.00% | 08/01/2039 |  | $1750 | &nbsp;&nbsp; $1790039 |
| &nbsp;&nbsp;&nbsp; Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition); <br> Series 2007 C, Ref. RB<br>| 6.50% | 12/15/2047 |  | 1630 | &nbsp;&nbsp; 1630234 |
| Dry Creek Joint Elementary School District (Election of 2008-Measure E); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2039 |  | 4420 | &nbsp;&nbsp; 2652339 |
| &nbsp;&nbsp;&nbsp; Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2048 |  | 2860 | &nbsp;&nbsp; 1037357 |
| &nbsp;&nbsp;&nbsp; Dublin (City of), CA Community Facilities District No. 2015-1 (Improvement Area No. 5); <br> Series 2023, RB<br>| 5.38% | 09/01/2051 |  | 1250 | &nbsp;&nbsp; 1297551 |
| Eastern Municipal Water District; Series 2025, RB | 5.00% | 09/01/2040 |  | 525 | &nbsp;&nbsp; 556371 |
| Eastern Municipal Water District (Community Facilities District No. 2012-61); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2027 |  | 95 | &nbsp;&nbsp; 95871 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2028 |  | 95 | &nbsp;&nbsp; 96362 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 |  | 350 | &nbsp;&nbsp; 307411 |
| El Centro (City of), CA Financing Authority (Police Station); Series 2023 A, RB | 4.25% | 10/01/2047 |  | 3000 | &nbsp;&nbsp; 3017325 |
| El Segundo Unified School District (Election of 2008); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2031 |  | 2735 | &nbsp;&nbsp; 2342469 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2033 |  | 615 | &nbsp;&nbsp; 491941 |
| Elsinore Valley Municipal Water District; Series 2021 A, RB<sup>(h)</sup> <br>| 4.50% | 09/01/2051 |  | 990 | &nbsp;&nbsp; 932460 |
| Enterprise Elementary School District; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 D, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2048 |  | 2470 | &nbsp;&nbsp; 849513 |
| &nbsp;&nbsp;&nbsp; Series 2025 D, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2049 |  | 2325 | &nbsp;&nbsp; 759344 |
| Etiwanda School District (Election of 2016); Series 2020 A, GO Bonds | 4.00% | 08/01/2049 |  | 3000 | &nbsp;&nbsp; 2881834 |
| &nbsp;&nbsp;&nbsp; Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1); <br> Series 2022, RB<br>| 5.00% | 09/01/2052 |  | 2860 | &nbsp;&nbsp; 2910712 |
| Fontana (City of), CA (Community Facilities District No. 99); Series 2023, RB | 5.00% | 09/01/2053 |  | 500 | &nbsp;&nbsp; 509167 |
| Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South); Series 2014, Ref. RB | 5.00% | 09/01/2034 |  | 1000 | &nbsp;&nbsp; 1004150 |
| Foothill-Eastern Transportation Corridor Agency; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 1995 A, RB<sup>(d)(i)</sup> <br>| 0.00% | 01/01/2027 |  | 2950 | &nbsp;&nbsp; 2871373 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 01/15/2035 |  | 6245 | &nbsp;&nbsp; 4732922 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB (INS - BAM)<sup>(c)</sup> <br>| 4.00% | 01/15/2046 |  | 1000 | &nbsp;&nbsp; 978433 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, Ref. RB | 4.00% | 01/15/2043 |  | 3227 | &nbsp;&nbsp; 3229187 |
| Fremont Community Facilities District No. 1 (Pacific Commons); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2035 |  | 1880 | &nbsp;&nbsp; 1884703 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2045 |  | 2095 | &nbsp;&nbsp; 2096177 |
| Fresno (City of), CA; Series 2023 A, Ref. RB (INS - BAM)<sup>(c)(e)</sup> <br>| 5.00% | 07/01/2053 |  | 3290 | &nbsp;&nbsp; 3365103 |
| Garden Grove (City of), CA Agency for Community Development; Series 2008, RN | 6.00% | 10/01/2027 |  | 330 | &nbsp;&nbsp; 330454 |
| Gilroy Unified School District (Election of 2008); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(d)(i)</sup> <br>| 0.00% | 08/01/2029 |  | 85 | &nbsp;&nbsp; 76762 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2029 |  | 665 | &nbsp;&nbsp; 600935 |
| Glendale Community College District; Series 2020 B, GO Bonds<sup>(d)</sup> <br>| 0.00% | 02/01/2045 |  | 1285 | &nbsp;&nbsp; 524733 |
| Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB<sup>(d)</sup> <br>| 0.00% | 06/01/2066 |  | 14000 | &nbsp;&nbsp; 1506922 |
| Golden Valley Unified School District Financing Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2046 |  | 250 | &nbsp;&nbsp; 228847 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2051 |  | 500 | &nbsp;&nbsp; 439913 |
| &nbsp;&nbsp;&nbsp; Imperial (County of), CA Community college District (Election of 2022); Series 2023 A, GO Bonds <br> (INS - AGI)<sup>(c)</sup> <br>| 4.13% | 08/01/2055 |  | 4330 | &nbsp;&nbsp; 4147975 |
| Independent Cities Finance Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (INS - AGI)<sup>(c)(h)</sup> <br>| 4.00% | 06/01/2046 |  | 1825 | &nbsp;&nbsp; 1769830 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (INS - AGI)<sup>(c)(h)</sup> <br>| 4.00% | 06/01/2051 |  | 1250 | &nbsp;&nbsp; 1184048 |
| &nbsp;&nbsp;&nbsp; Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 10); <br> Series 2023, RB (INS - BAM)<sup>(c)</sup> <br>| 5.25% | 09/01/2053 |  | 5000 | &nbsp;&nbsp; 5269859 |
| Lake Elsniore (City of), CA Community Facilities District No. 2006-1; Series 2021, RB | 4.00% | 09/01/2046 |  | 400 | &nbsp;&nbsp; 363668 |
| Lincoln (City of), CA Community Facilities District No. 2019-1; Series 2022, RB | 5.00% | 09/01/2052 |  | 2000 | &nbsp;&nbsp; 2026222 |
| Long Beach (City of), CA (Green Bonds); Series 2025, Ref. RB<sup>(e)</sup> <br>| 5.25% | 05/15/2050 |  | 3000 | &nbsp;&nbsp; 3169489 |
| Long Beach (City of), CA Bond Finance Authority; Series 2007 A, RB | 5.50% | 11/15/2037 |  | 1480 | &nbsp;&nbsp; 1762297 |
| Los Alamitos Unified School District; Series 2013, GO Bonds<sup>(b)</sup> <br>| 6.01% | 08/01/2040 |  | 3340 | &nbsp;&nbsp; 3636981 |
| Los Angeles (City of), CA (Green Bonds); Series 2022, RB<sup>(e)</sup> <br>| 5.00% | 05/15/2047 |  | 5000 | &nbsp;&nbsp; 5141173 |
| Los Angeles (City of), CA Department of Airports; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 H, RB<sup>(e)</sup> <br>| 5.25% | 05/15/2047 |  | 8000 | &nbsp;&nbsp; 8372063 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(e)(f)(k)</sup> <br>| 5.25% | 05/15/2048 |  | 10000 | &nbsp;&nbsp; 10153608 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| Los Angeles (City of), CA Department of Airports (Green Bonds); Series 2022, RB<sup>(e)</sup> <br>| 4.00% | 05/15/2042 |  | $3225 | &nbsp;&nbsp; $3121465 |
| &nbsp;&nbsp;&nbsp; Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); Series 2022, <br> Ref. RB<sup>(e)</sup> <br>| 5.00% | 05/15/2045 |  | 1000 | &nbsp;&nbsp; 1035439 |
| Los Angeles (City of), CA Department of Water & Power; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 07/01/2055 |  | 4000 | &nbsp;&nbsp; 4169075 |
| &nbsp;&nbsp;&nbsp; Series 2025 C, Ref. RB | 5.00% | 07/01/2055 |  | 2000 | &nbsp;&nbsp; 2080362 |
| Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 09/01/2052 |  | 1000 | &nbsp;&nbsp; 1021213 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 |  | 800 | &nbsp;&nbsp; 814174 |
| Los Angeles (County of), CA Public Works Financing Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 H, Ref. RB | 5.50% | 12/01/2049 |  | 2500 | &nbsp;&nbsp; 2771999 |
| &nbsp;&nbsp;&nbsp; Series 2025 J, RB | 5.50% | 12/01/2054 |  | 2000 | &nbsp;&nbsp; 2214124 |
| Los Angeles (County of), CA Public Works Financing Authority (Green Bonds); Series 2021 F, RB<sup>(f)</sup> <br>| 4.00% | 12/01/2046 |  | 15880 | &nbsp;&nbsp; 15312903 |
| Los Angeles County Facilities, Inc.; Series 2022, RB<sup>(f)</sup> <br>| 4.00% | 12/01/2048 |  | 25000 | &nbsp;&nbsp; 24122473 |
| &nbsp;&nbsp;&nbsp; Los Angeles County Schools Regionalized Business Services Corp. (Los Angeles County Schools <br> Pooled Financing Program); Series 1999 A, COP<sup>(d)(i)</sup> <br>| 0.00% | 08/01/2026 |  | 1200 | &nbsp;&nbsp; 1178083 |
| Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 |  | 850 | &nbsp;&nbsp; 761131 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2051 |  | 1470 | &nbsp;&nbsp; 1262482 |
| Marina (City of), CA Redevelopment Agency Successor Agency; Series 2020 B, RB | 4.00% | 09/01/2040 |  | 300 | &nbsp;&nbsp; 289694 |
| Martinez Unified School District (Election of 2016); Series 2021, GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 08/01/2051 |  | 8605 | &nbsp;&nbsp; 8219604 |
| Menifee Union School District; Series 2021, RB | 4.00% | 09/01/2051 |  | 675 | &nbsp;&nbsp; 603041 |
| Menifee Union School District (Community Facilities District No. 2006-2); Series 2020, Ref. RB | 4.00% | 09/01/2045 |  | 295 | &nbsp;&nbsp; 273852 |
| &nbsp;&nbsp;&nbsp; Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 5); <br> Series 2021, RB<br>| 4.00% | 09/01/2045 |  | 975 | &nbsp;&nbsp; 899121 |
| Menifee Union School District (Community Facilities District No. 2014-3); Series 2019, RB | 5.00% | 09/01/2049 |  | 1600 | &nbsp;&nbsp; 1624694 |
| Menifee Union School District (Community Facilities District No. 2018-2); Series 2019, RB | 5.00% | 09/01/2049 |  | 1035 | &nbsp;&nbsp; 1050974 |
| Menifee Union School District (Election of 2008); Series 2009 C, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2034 |  | 850 | &nbsp;&nbsp; 650167 |
| Modesto (City of), CA Irrigation District; Series 2023 A, RB<sup>(f)</sup> <br>| 5.25% | 10/01/2048 |  | 2000 | &nbsp;&nbsp; 2175516 |
| Moorpark Unified School District (Election of 2008); Series 2009 A, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2031 |  | 2000 | &nbsp;&nbsp; 1695816 |
| Moreland School District (Crossover Series 14); Series 2006 C, Ref. GO Bonds (INS - AMBAC)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2029 |  | 1250 | &nbsp;&nbsp; 1119822 |
| Moreno Valley Unified School District (Community Facilities District No. 2015-2); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 09/01/2044 |  | 435 | &nbsp;&nbsp; 441474 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 09/01/2048 |  | 485 | &nbsp;&nbsp; 490668 |
| Moreno Valley Unified School District (Community Facilities District No. 2023-1); Series 2025, RB | 5.00% | 09/01/2050 |  | 1000 | &nbsp;&nbsp; 1017714 |
| Mountain House Public Financing Authority (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - BAM)<sup>(c)</sup> <br>| 4.00% | 12/01/2050 |  | 970 | &nbsp;&nbsp; 894492 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB (INS - BAM)<sup>(c)</sup> <br>| 4.00% | 12/01/2043 |  | 1165 | &nbsp;&nbsp; 1155367 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - BAM)<sup>(c)</sup> <br>| 4.25% | 12/01/2052 |  | 2500 | &nbsp;&nbsp; 2403166 |
| M-S-R Energy Authority; Series 2009 B, RB | 6.13% | 11/01/2029 |  | 665 | &nbsp;&nbsp; 704278 |
| Murrieta Valley Unified School District (Election of 2006); Series 2008, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 09/01/2031 |  | 6670 | &nbsp;&nbsp; 5659521 |
| North Orange County Community College District; Series 2022 C, GO Bonds<sup>(f)(k)</sup> <br>| 4.00% | 08/01/2047 |  | 10000 | &nbsp;&nbsp; 9808147 |
| Norwalk-La Mirada Unified School District; Series 2005 B, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2029 |  | 6000 | &nbsp;&nbsp; 5408266 |
| Oak Grove School District (Election of 2008); Series 2009 A, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2028 |  | 670 | &nbsp;&nbsp; 623260 |
| Ontario (City of), CA Community Facilities District No. 64; Series 2024, RB | 5.00% | 09/01/2055 |  | 2000 | &nbsp;&nbsp; 2023994 |
| Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 08/15/2035 |  | 270 | &nbsp;&nbsp; 270349 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.25% | 08/15/2045 |  | 3555 | &nbsp;&nbsp; 3559432 |
| &nbsp;&nbsp;&nbsp; Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village); Series 2016 A, <br> RB<br>| 5.00% | 08/15/2046 |  | 3000 | &nbsp;&nbsp; 3010744 |
| &nbsp;&nbsp;&nbsp; Orange (County of), CA Community Facilities District No. 2017-1 (Village of Esencia)); Series 2020, <br> RB<br>| 4.00% | 08/15/2045 |  | 355 | &nbsp;&nbsp; 327411 |
| Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch); Series 2022 A, RB | 5.00% | 08/15/2052 |  | 1000 | &nbsp;&nbsp; 1023411 |
| Palm Desert (City of), CA (University Park); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2041 |  | 450 | &nbsp;&nbsp; 433329 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2051 |  | 650 | &nbsp;&nbsp; 564107 |
| Palomar Community College District (Election of 2006); Series 2010, GO Bonds<sup>(b)</sup> <br>| 6.38% | 08/01/2045 |  | 6670 | &nbsp;&nbsp; 6364995 |
| Palomar Health; Series 2017, COP | 4.00% | 11/01/2047 |  | 1240 | &nbsp;&nbsp; 857619 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| Perris (City of), CA Joint Powers Authority (Green Valley West Elementary); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2044 |  | $1060 | &nbsp;&nbsp; $974763 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2051 |  | 1225 | &nbsp;&nbsp; 1069607 |
| Placer (County of), CA Community Facilities District (Riolo Vineyard Specific Plan); Series 2023, RB | 5.00% | 09/01/2053 |  | 970 | &nbsp;&nbsp; 976616 |
| Planada Elementary School District (Election of 2008); Series 2009 B, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 07/01/2049 |  | 8440 | &nbsp;&nbsp; 2719659 |
| Rancho Cordova (City of), CA (Community Facilities District No. 2014-1); Series 2022, RB | 5.00% | 09/01/2051 |  | 1200 | &nbsp;&nbsp; 1219125 |
| Rancho Cordova (City of), CA (Community Facilities District No. 2022-1); Series 2023, RB | 5.13% | 09/01/2043 |  | 525 | &nbsp;&nbsp; 546846 |
| Rancho Mirage Community Facilities District (Del Webb); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2046 |  | 380 | &nbsp;&nbsp; 344545 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2051 |  | 325 | &nbsp;&nbsp; 283773 |
| Regents of the University of California Medical Center; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 L, Ref. RB<sup>(f)(k)</sup> <br>| 5.00% | 05/15/2047 |  | 10000 | &nbsp;&nbsp; 10039832 |
| &nbsp;&nbsp;&nbsp; Series 2022-XX1201, RB<sup>(f)(k)</sup> <br>| 4.00% | 05/15/2053 |  | 10000 | &nbsp;&nbsp; 9367351 |
| River Islands Public Financing Authority; Series 2022 A-1, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.25% | 09/01/2052 |  | 1400 | &nbsp;&nbsp; 1482626 |
| Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 09/01/2040 |  | 2760 | &nbsp;&nbsp; 2761988 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 09/01/2044 |  | 1500 | &nbsp;&nbsp; 1500522 |
| Riverside (County of), CA Transportation Commission; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2046 |  | 2705 | &nbsp;&nbsp; 2477935 |
| Riverside Unified School District (Community Facilities District No. 32); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 |  | 125 | &nbsp;&nbsp; 114360 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 |  | 265 | &nbsp;&nbsp; 233450 |
| Riverside Unified School District (Community Facilities District No. 33); Series 2021, RB | 4.00% | 09/01/2045 |  | 425 | &nbsp;&nbsp; 392965 |
| Romoland School District (Underwood); Series 2023, RB | 5.00% | 09/01/2054 |  | 510 | &nbsp;&nbsp; 520498 |
| Romoland School District Community Facilities No. 2004-1; Series 2015, Ref. RB | 5.00% | 09/01/2038 |  | 1660 | &nbsp;&nbsp; 1661558 |
| Roseville (City of), CA; Series 2023, RB | 5.50% | 09/01/2043 |  | 505 | &nbsp;&nbsp; 536866 |
| &nbsp;&nbsp;&nbsp; Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities); <br> Series 2020, RB<br>| 5.00% | 09/01/2050 |  | 1520 | &nbsp;&nbsp; 1539800 |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 |  | 150 | &nbsp;&nbsp; 138143 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 |  | 200 | &nbsp;&nbsp; 178580 |
| &nbsp;&nbsp;&nbsp; Roseville (City of), CA Community Facilities District No. 1 (Improvement Area No. 2); Series 2023, <br> RB<br>| 5.25% | 09/01/2053 |  | 500 | &nbsp;&nbsp; 515453 |
| Sacramento (County of), CA; Series 2024, RB | 5.25% | 07/01/2054 |  | 2000 | &nbsp;&nbsp; 2144126 |
| Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2040 |  | 185 | &nbsp;&nbsp; 179826 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 |  | 380 | &nbsp;&nbsp; 343096 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 |  | 225 | &nbsp;&nbsp; 196446 |
| San Diego (City of), CA Public Financing Authority (Capital Improvement); Series 2025 B, RB<sup>(f)</sup> <br>| 5.25% | 10/15/2055 |  | 5000 | &nbsp;&nbsp; 5420793 |
| San Diego (County of), CA Regional Airport Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 5.00% | 07/01/2051 |  | 3000 | &nbsp;&nbsp; 3109294 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2051 |  | 5000 | &nbsp;&nbsp; 5082727 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(e)</sup> <br>| 4.00% | 07/01/2056 |  | 3000 | &nbsp;&nbsp; 2665810 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2056 |  | 4165 | &nbsp;&nbsp; 4227776 |
| &nbsp;&nbsp;&nbsp; Series 2022-XX1215, RB<sup>(e)(f)(k)</sup> <br>| 5.00% | 07/01/2051 |  | 10000 | &nbsp;&nbsp; 10165454 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2053 |  | 5000 | &nbsp;&nbsp; 5139889 |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Second Series 2022 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 05/01/2052 |  | 2500 | &nbsp;&nbsp; 2550852 |
| &nbsp;&nbsp;&nbsp; Second Series 2025 A, RB<sup>(e)(f)(k)</sup> <br>| 5.25% | 05/01/2055 |  | 10000 | &nbsp;&nbsp; 10484656 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2049 |  | 7000 | &nbsp;&nbsp; 7075055 |
| &nbsp;&nbsp;&nbsp; Series 2019 E, RB<sup>(e)</sup> <br>| 4.00% | 05/01/2050 |  | 1825 | &nbsp;&nbsp; 1640758 |
| &nbsp;&nbsp;&nbsp; Series 2019 E, RB<sup>(e)(f)</sup> <br>| 5.00% | 05/01/2050 |  | 10000 | &nbsp;&nbsp; 10106110 |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2042 |  | 225 | &nbsp;&nbsp; 211510 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 |  | 425 | &nbsp;&nbsp; 378345 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1; <br> Series 2023 A, RB<sup>(h)</sup> <br>| 5.50% | 09/01/2053 |  | 1530 | &nbsp;&nbsp; 1543411 |
| San Francisco (City & County of), CA Public Utilities Commission; Series 2024 C, RB<sup>(f)</sup> <br>| 5.00% | 10/01/2054 |  | 3265 | &nbsp;&nbsp; 3448730 |
| San Francisco (City & County of), CA Special Tax District No. 2020-1; Series 2023, RB<sup>(h)</sup> <br>| 5.75% | 09/01/2053 |  | 1500 | &nbsp;&nbsp; 1584352 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Hunters Point <br> Shipyard Phase One Improvements); Series 2014, Ref. RB<br>| 5.00% | 08/01/2044 |  | 1420 | &nbsp;&nbsp; 1421054 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay <br> South Redevelopment);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2026 |  | $220 | &nbsp;&nbsp; $220380 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2028 |  | 370 | &nbsp;&nbsp; 370483 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2029 |  | 450 | &nbsp;&nbsp; 450600 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2032 |  | 785 | &nbsp;&nbsp; 785884 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2033 |  | 375 | &nbsp;&nbsp; 375397 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2043 |  | 1000 | &nbsp;&nbsp; 1000552 |
| San Francisco (City of), CA Bay Area Rapid Transit District; Series 2022-XF1331, GO Bonds<sup>(f)</sup> <br>| 4.25% | 08/01/2052 |  | 10000 | &nbsp;&nbsp; 9953255 |
| San Jose (City of), CA; Series 2017 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 03/01/2047 |  | 3395 | &nbsp;&nbsp; 3402296 |
| &nbsp;&nbsp;&nbsp; San Jose Evergreen Community College District (Election of 2004); Series 2008 B, GO Bonds (INS - <br> AGI)<sup>(c)(d)</sup> <br>| 0.00% | 09/01/2032 |  | 1000 | &nbsp;&nbsp; 834317 |
| &nbsp;&nbsp;&nbsp; San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement); Series 2011 A, Ref. <br> RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 08/01/2030 |  | 2500 | &nbsp;&nbsp; 2503556 |
| San Mateo (County of), CA Joint Powers Financing Authority (Capital); Series 2018 A, RB | 4.00% | 07/15/2052 |  | 13565 | &nbsp;&nbsp; 12986824 |
| San Pablo (County of), CA Joint Powers Financing Authority; Series 2022, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 11/01/2052 |  | 6000 | &nbsp;&nbsp; 5733550 |
| Santa Ana Unified School District (Financing Project); Series 1999, COP (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 04/01/2036 |  | 1000 | &nbsp;&nbsp; 682471 |
| Santa Clarita Community College District; Series 2019, GO Bonds | 3.00% | 08/01/2044 |  | 2370 | &nbsp;&nbsp; 1925955 |
| Silicon Valley Tobacco Securitization Authority (Santa Clara); Series 2007 A, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2036 |  | 8000 | &nbsp;&nbsp; 4468208 |
| Simi Valley Unified School District (Election of 2004); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 C, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2028 |  | 1520 | &nbsp;&nbsp; 1418062 |
| &nbsp;&nbsp;&nbsp; Series 2007 C, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2029 |  | 5000 | &nbsp;&nbsp; 4542895 |
| &nbsp;&nbsp;&nbsp; Series 2007 C, GO Bonds (INS - AGI)<sup>(c)(d)</sup> <br>| 0.00% | 08/01/2030 |  | 1210 | &nbsp;&nbsp; 1070275 |
| South San Francisco (City of), CA (Community Facilities District No. 2021-01); Series 2022, RB | 4.00% | 09/01/2044 |  | 1000 | &nbsp;&nbsp; 916064 |
| South Tahoe Joint Powers Financing Authority; Series 2023 A, RB | 5.25% | 10/01/2053 |  | 4000 | &nbsp;&nbsp; 4316754 |
| &nbsp;&nbsp;&nbsp; Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.); <br> Series 2019, Ref. RB<br>| 5.00% | 06/01/2048 |  | 225 | &nbsp;&nbsp; 222294 |
| Stockton (City of), CA Community Facilities District (Westlake Villages II); Series 2022, RB | 5.13% | 09/01/2052 |  | 700 | &nbsp;&nbsp; 716204 |
| Sulphur Springs Union School District; Series 2024 A, RB | 5.00% | 09/01/2054 |  | 1495 | &nbsp;&nbsp; 1517208 |
| Sweetwater Union High School District; Series 2016, Ref. GO Bonds (INS - BAM)<sup>(c)</sup> <br>| 4.00% | 08/01/2047 |  | 2505 | &nbsp;&nbsp; 2382825 |
| &nbsp;&nbsp;&nbsp; Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1); Series 2021, <br> Ref. RB<br>| 4.00% | 09/01/2046 |  | 3990 | &nbsp;&nbsp; 3578632 |
| Torrance Unified School District (Election of 2008-Measure Z); Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2034 |  | 1265 | &nbsp;&nbsp; 846095 |
| Tracy (City of), CA Community Facilities District No. 21-1(Hillview); Series 2022, RB | 5.00% | 09/01/2052 |  | 1645 | &nbsp;&nbsp; 1666568 |
| Transbay Joint Powers Authority (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 5.00% | 10/01/2045 |  | 2600 | &nbsp;&nbsp; 2617556 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 5.00% | 10/01/2049 |  | 5530 | &nbsp;&nbsp; 5536948 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 5.00% | 10/01/2034 |  | 300 | &nbsp;&nbsp; 313751 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 5.00% | 10/01/2038 |  | 300 | &nbsp;&nbsp; 308684 |
| University of California; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 BE, Ref. RB | 4.00% | 05/15/2047 |  | 7600 | &nbsp;&nbsp; 7413017 |
| &nbsp;&nbsp;&nbsp; Series 2025 CC, RB | 5.00% | 05/15/2053 |  | 2500 | &nbsp;&nbsp; 2654932 |
| University of California (Limited); Series 2018 O, Ref. RB<sup>(f)</sup> <br>| 5.00% | 05/15/2058 |  | 10000 | &nbsp;&nbsp; 10173116 |
| Washington Township Health Care District; Series 2023 A, RB | 5.75% | 07/01/2048 |  | 500 | &nbsp;&nbsp; 533787 |
| Washington Township Health Care District (Election of 2020); Series 2023 B, GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 4.50% | 08/01/2053 |  | 2400 | &nbsp;&nbsp; 2410847 |
| West Patterson Financing Authority (Community Facilities District No. 2005-1); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2043 |  | 600 | &nbsp;&nbsp; 548234 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2046 |  | 745 | &nbsp;&nbsp; 664805 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2049 |  | 1775 | &nbsp;&nbsp; 1545398 |
| West Patterson Financing Authority (Community Facilities District No. 2018-1); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2041 |  | 375 | &nbsp;&nbsp; 358627 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2046 |  | 550 | &nbsp;&nbsp; 499363 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2051 |  | 760 | &nbsp;&nbsp; 663593 |
| West Sacramento (City of), CA (Port Towne Infrasctructure); Series 2019, RB | 5.00% | 09/01/2049 |  | 1000 | &nbsp;&nbsp; 1020271 |
| William S. Hart Union High School District (Election of 2008); Series 2009 A, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2032 |  | 9370 | &nbsp;&nbsp; 7716314 |
| Woodland (City of), CA Community Facilities District 2004-1; Series 2019, RB | 5.00% | 09/01/2048 |  | 1595 | &nbsp;&nbsp; 1608714 |
|  |  |  |  |  | &nbsp;&nbsp; 793632509 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Puerto Rico–3.54%** | **Puerto Rico–3.54%** | **Puerto Rico–3.54%** | **Puerto Rico–3.54%** |  |  |
| Children's Trust Fund; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 |  | $1135 | &nbsp;&nbsp; $1150579 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 |  | 675 | &nbsp;&nbsp; 686131 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(d)</sup> <br>| 0.00% | 05/15/2050 |  | 4325 | &nbsp;&nbsp; 892148 |
| Puerto Rico (Commonwealth of) Electric Power Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.25% | 07/01/2031 |  | 1150 | &nbsp;&nbsp; 1172911 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(c)</sup> <br>| 5.25% | 07/01/2033 |  | 2000 | &nbsp;&nbsp; 2028181 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(d)</sup> <br>| 0.00% | 07/01/2031 |  | 1500 | &nbsp;&nbsp; 1231247 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(d)</sup> <br>| 0.00% | 07/01/2046 |  | 10000 | &nbsp;&nbsp; 3409977 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(d)</sup> <br>| 0.00% | 07/01/2051 |  | 13280 | &nbsp;&nbsp; 3309598 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 5.00% | 07/01/2058 |  | 4025 | &nbsp;&nbsp; 3924237 |
|  |  |  |  |  | &nbsp;&nbsp; 17805009 |
| **Guam–0.31%** | **Guam–0.31%** | **Guam–0.31%** | **Guam–0.31%** |  |  |
| Guam (Territory of) Waterworks Authority; Series 2020 A, RB | 5.00% | 01/01/2050 |  | 1540 | &nbsp;&nbsp; 1553185 |
| **Virgin Islands–0.27%** | **Virgin Islands–0.27%** | **Virgin Islands–0.27%** | **Virgin Islands–0.27%** |  |  |
| Virgin Islands Transportation & Infrastructure Corp. (Garvee); Series 2025, Ref. RB | 5.00% | 09/01/2042 |  | 1250 | &nbsp;&nbsp; 1339225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $811,514,405) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $811,514,405) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $811,514,405) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $811,514,405) |  | &nbsp;&nbsp; 814329928 |
|  |  |  | **Shares** | **Shares** |  |
| **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** |
| **Nevada–0.00%** | **Nevada–0.00%** | **Nevada–0.00%** | **Nevada–0.00%** |  |  |
| &nbsp;&nbsp;&nbsp; BL Train Holdings West LLC; Wts. expiring 12/01/2025 <br>(Cost $0)<sup>(l)</sup> <br>|  |  |  | 12000 | &nbsp;&nbsp; 0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(m)</sup>–162.12% (Cost $811,514,405) | TOTAL INVESTMENTS IN SECURITIES<sup>(m)</sup>–162.12% (Cost $811,514,405) | TOTAL INVESTMENTS IN SECURITIES<sup>(m)</sup>–162.12% (Cost $811,514,405) | TOTAL INVESTMENTS IN SECURITIES<sup>(m)</sup>–162.12% (Cost $811,514,405) |  | &nbsp;&nbsp; 814329928 |
| FLOATING RATE NOTE OBLIGATIONS–(27.67)% | FLOATING RATE NOTE OBLIGATIONS–(27.67)% | FLOATING RATE NOTE OBLIGATIONS–(27.67)% | FLOATING RATE NOTE OBLIGATIONS–(27.67)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 3.03% to 3.41% at 11/30/2025 and <br>contractual maturities of collateral ranging from 05/01/2046 to 05/15/2058<sup>(n)</sup> <br>|  |  |  |  | &nbsp;&nbsp; (138975000)<br>|
| VARIABLE RATE MUNI TERM PREFERRED SHARES–(35.23)% | VARIABLE RATE MUNI TERM PREFERRED SHARES–(35.23)% | VARIABLE RATE MUNI TERM PREFERRED SHARES–(35.23)% | VARIABLE RATE MUNI TERM PREFERRED SHARES–(35.23)% |  | &nbsp;&nbsp; (176962299)<br>|
| OTHER ASSETS LESS LIABILITIES–0.78% | OTHER ASSETS LESS LIABILITIES–0.78% | OTHER ASSETS LESS LIABILITIES–0.78% | OTHER ASSETS LESS LIABILITIES–0.78% |  | &nbsp;&nbsp; 3911628 |
| NET ASSETS APPLICABLE TO COMMON SHARES–100.00% | NET ASSETS APPLICABLE TO COMMON SHARES–100.00% | NET ASSETS APPLICABLE TO COMMON SHARES–100.00% | NET ASSETS APPLICABLE TO COMMON SHARES–100.00% |  | &nbsp;&nbsp; $502304257 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| BAM | – Build America Mutual Assurance Co. |
| CEP | – Credit Enhancement Provider |
| COP | – Certificates of Participation |
| FNMA | – Federal National Mortgage Association |
| GO | – General Obligation |
| INS | – Insurer |
| NATL | – National Public Finance Guarantee Corp. |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| Wts. | – Warrants |

---

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

Notes to Schedule of Investments:

<sup>(a)</sup> Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust's use of leverage.

<sup>(b)</sup> Convertible capital appreciation bond. The interest rate shown represents the coupon rate at which the bond will accrue at a specified future date.

<sup>(c)</sup> Principal and/or interest payments are secured by the bond insurance company listed.

<sup>(d)</sup> Zero coupon bond issued at a discount.

<sup>(e)</sup> Security subject to the alternative minimum tax.

<sup>(f)</sup> Underlying security related to TOB Trusts entered into by the Trust.

<sup>(g)</sup> Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put.

<sup>(h)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2025 was $68,291,190, which represented 13.60% of the Trust's Net Assets. 

<sup>(i)</sup> Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral.

<sup>(j)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $2,180,515, which represented less than 1% of the Trust's Net Assets.

<sup>(k)</sup> Security is subject to a reimbursement agreement which may require the Trust to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Trust could ultimately be required to make under the agreement is $51,666,665. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

<sup>(l)</sup> Security valued using significant unobservable inputs (Level 3). See Note 1.

<sup>(m)</sup> This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuer's obligations but may be called upon to satisfy the issuer's obligations. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Entity** | **Percent** |
| Assured Guaranty Inc. | 8.08<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(n)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2025. At November 30, 2025, the Trust's investments with a value of $194,842,299 are held by TOB Trusts and serve as collateral for the $138,975,000 in the floating rate note obligations outstanding at that date. 

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

**Invesco California Value Municipal Income Trust**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*November 30, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of November 30, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $814329928 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $814329928 |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $814329928 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $814329928 |

---

**Invesco California Value Municipal Income Trust**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco California Value Municipal Income Trust

- **b. Investment Company Act file number:** 811-07404

- **c. CIK number of Registrant:** 0000895531

- **d. LEI of Registrant:** 0O4FOPVOK8KA2I2US555

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

  - **Street Address 1:** 1331 Spring Street NW, Suite 2500

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30309

  - **Telephone number:** 800-959-4246

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

- **a. Name of Series:** Invesco California Value Municipal Income Trust

- **c. LEI of Series:** 0O4FOPVOK8KA2I2US555

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-11-30

**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:** $820650104.46

**Total Liabilities:** $318345847.91

**Net Assets:** $502304256.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -765.92237962 | **1-Year:** -16839.16987802 | **5-Year:** -78896.23730385 | **10-Year:** -164171.73874929 | **30-Year:** -82840.14570585

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

- **3-Month:** -581.31625088 | **1-Year:** -6833.43432625 | **5-Year:** -24011.69439663 | **10-Year:** -49187.60475288 | **30-Year:** -31919.39372898

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 6.28%                | 2.17%                | 0.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-272989.99              | $29620682.87                               |
| Month 2  | $5.92                    | $9417284.47                                |
| Month 3  | $45261.80                | $-2220270.62                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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 (State of) School Finance Authority (Aspire Public School)                                                             | California (State of) School Finance Authority (Aspire Public School), Series 2015 A, Ref. RB                                                          | CUSIP: 13058TCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $585018.00    | 0.12%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                          | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                            | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500354.55   | 0.70%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (American Heritage Education Foundation)                                        | California (State of) Municipal Finance Authority (American Heritage Education Foundation), Series 2016 A, Ref. RB                                     | CUSIP: 13049AAG8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2751221.55   | 0.55%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (John Muir Health)                                              | California (State of) Statewide Communities Development Authority (John Muir Health), Series 2016 A, Ref. RB                                           | CUSIP: 13080SMT8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254351.25   | 0.25%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center                                                                            | Regents of the University of California Medical Center, Series 2016 L, Ref. RB                                                                         | CUSIP: 913366HL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10039832.00  | 2.00%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village)                                                 | Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village), Series 2016 A, RB                                                   | CUSIP: 68423PXA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3010743.90   | 0.60%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                            | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2016, Ref. RB                           | CUSIP: 13080SNN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1923861.80   | 0.38%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (California Baptist University)                                                 | California (State of) Municipal Finance Authority (California Baptist University), Series 2016 A, RB                                                   | CUSIP: 13048TG23<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1158574.56   | 0.23%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Henry Mayo Newhall Hospital)                                                      | California (State of) Public Finance Authority (Henry Mayo Newhall Hospital), Series 2017, Ref. RB                                                     | CUSIP: 13057EAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2733705.98   | 0.54%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                     | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TS20<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3995000 | PA      | $4008410.42   | 0.80%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                                                                       | California State University, Series 2017 A, Ref. RB                                                                                                    | CUSIP: 13077DAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10156123.00  | 2.02%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Loma Linda University)                                                    | California (State of) Educational Facilities Authority (Loma Linda University), Series 2017 A, Ref. RB                                                 | CUSIP: 130179JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3285000 | PA      | $3305675.79   | 0.66%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)                    | California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2006 C, RB                      | CUSIP: 13016NCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22950000 | PA      | $2262475.26   | 0.45%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA                                                                                                            | San Jose (City of), CA, Series 2017 A, Ref. RB                                                                                                         | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3402296.19   | 0.68%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (University of La Verne)                                                        | California (State of) Municipal Finance Authority (University of La Verne), Series 2017 A, Ref. RB                                                     | CUSIP: 13048T2T9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1155197.89   | 0.23%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Kaiser Permanente)                                                   | California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB                                                | CUSIP: 13032UMP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7954772.70   | 1.58%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles)                                     | California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles), Series 2017 A, Ref. RB                                  | CUSIP: 13032UNG9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2250738.02   | 0.45%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Front Porch Communities & Services)                            | California (State of) Statewide Communities Development Authority (Front Porch Communities & Services), Series 2017 A, Ref. RB                         | CUSIP: 13080SSE5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4580000 | PA      | $4591711.52   | 0.91%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP LA)                                                                          | California (State of) School Finance Authority (KIPP LA), Series 2017 A, RB                                                                            | CUSIP: 13059TEW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $870819.71    | 0.17%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children's Hospital at Stanford)               | California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children's Hospital at Stanford), Series 2017, RB                   | CUSIP: 13032UPW2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1040281.07   | 0.21%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apts             | California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apts                                  | CUSIP: 13078RHG8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011646.90   | 0.60%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (California Baptist University)                                 | California (State of) Statewide Communities Development Authority (California Baptist University), Series 2017 A, Ref. RB                              | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001144.00   | 0.20%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas)                                                                       | California (State of) Municipal Finance Authority (Caritas), Series 2017 A, Ref. RB                                                                    | CUSIP: 13049SCR3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $1952869.58   | 0.39%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                             | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $686131.16    | 0.14%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                              | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB                                                | CUSIP: 544445ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10153608.00  | 2.02%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Sutter Health)                                                       | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB                                                         | CUSIP: 13032URN0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3908718.40   | 0.78%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (John Muir Health)                                              | California (State of) Statewide Communities Development Authority (John Muir Health), Series 2018 A, Ref. RB                                           | CUSIP: 13080STN4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1722790.22   | 0.34%             | 2057-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                     | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                       | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3995000 | PA      | $4019365.51   | 0.80%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)                                                | California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB                                                  | CUSIP: 130486BB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    560000 | PA      | $562465.34    | 0.11%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)                                                | California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB                                                  | CUSIP: 130486BC6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2156030.11   | 0.43%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California (Limited)                                                                                                | University of California (Limited), Series 2018 O, Ref. RB                                                                                             | CUSIP: 91412HDE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10173116.00  | 2.03%             | 2058-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building)                                             | Los Angeles County Facilities, Inc. (Vermont Corridor County Administration Building), Series 2018, RB                                                 | CUSIP: 54531FAT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $24122472.50  | 4.80%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Art Center College of Design)                                             | California (State of) Educational Facilities Authority (Art Center College of Design), Series 2018 A, Ref. RB                                          | CUSIP: 130179PK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2513353.25   | 0.50%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Alamitos Unified School District                                                                                              | Los Alamitos Unified School District, Series 2013, GO Bonds                                                                                            | CUSIP: 544203CE0<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |   3340000 | PA      | $3636981.11   | 0.72%             | 2040-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The))                                              | California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The)), Series 2018 A, RB                                                | CUSIP: 13048DCQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1093846.56   | 0.22%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College)           | California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College), Series 2018, RB               | CUSIP: 13012RAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1350912.67   | 0.27%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Green Dot Public Schools)                                                         | California (State of) School Finance Authority (Green Dot Public Schools), Series 2018 A, RB                                                           | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1753321.85   | 0.35%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                    | Palomar Health, Series 2017, COP                                                                                                                       | CUSIP: 69752RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $857618.72    | 0.17%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Mateo (County of), CA Joint Powers Financing Authority (Capital)                                                              | San Mateo (County of), CA Joint Powers Financing Authority (Capital), Series 2018 A, RB                                                                | CUSIP: 79904NGQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13565000 | PA      | $12986824.43  | 2.59%             | 2052-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)                               | California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing), Series 2018, RB                                   | CUSIP: 13049YBK6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2374713.07   | 0.47%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California)                     | California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California), Series 2018, RB                         | CUSIP: 13081KAV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023638.30   | 0.20%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)         | California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB             | CUSIP: 13081CAC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    910000 | PA      | $927412.67    | 0.18%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)         | California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB             | CUSIP: 13081CAD0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2498083.25   | 0.50%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Woodland (City of), CA Community Facilities District 2004-1                                                                       | Woodland (City of), CA Community Facilities District 2004-1, Series 2019, RB                                                                           | CUSIP: 979568GT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1608713.97   | 0.32%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                     | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB                                       | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7075055.40   | 1.41%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                             | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPX7<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   4025000 | PA      | $3924237.35   | 0.78%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                             | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQE8<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1231246.80   | 0.25%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                             | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $3409977.00   | 0.68%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                             | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  13280000 | PA      | $3309597.78   | 0.66%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District (Community Facilities District No. 2015-2)                                                  | Moreno Valley Unified School District (Community Facilities District No. 2015-2), Series 2019, RB                                                      | CUSIP: 616874RP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $441473.80    | 0.09%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District (Community Facilities District No. 2015-2)                                                  | Moreno Valley Unified School District (Community Facilities District No. 2015-2), Series 2019, RB                                                      | CUSIP: 616874RQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $490667.66    | 0.10%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (William Jessup University)                                                     | California (State of) Municipal Finance Authority (William Jessup University), Series 2019, Ref. RB                                                    | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $376287.80    | 0.07%             | 2039-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (William Jessup University)                                                     | California (State of) Municipal Finance Authority (William Jessup University), Series 2019, Ref. RB                                                    | CUSIP: 13048VJF6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $1804226.94   | 0.36%             | 2048-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                            | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2019, RB                                | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1083591.93   | 0.22%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                            | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2019, RB                                | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $379138.01    | 0.08%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Hunters Point Shipyard Phase One Improvements) | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Hunters Point Shipyard Phase One Improvements), Series 2014, Ref. R | CUSIP: 79772ACT2<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1421054.07   | 0.28%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Mt. San Antonio Gardens)                                                       | California (State of) Municipal Finance Authority (Mt. San Antonio Gardens), Series 2019, Ref. RB                                                      | CUSIP: 13049RBG0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1176190.08   | 0.23%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP SoCal Public Schools)                                                        | California (State of) School Finance Authority (KIPP SoCal Public Schools), Series 2019 A, RB                                                          | CUSIP: 13059TFT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773095.13    | 0.15%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I Student Housing)            | California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I Student Housing), Series 2019, RB                | CUSIP: 13049YEE7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2898535.24   | 0.58%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                     | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB                                       | CUSIP: 79766DSA8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10106110.00  | 2.01%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita Community College District                                                                                          | Santa Clarita Community College District, Series 2019, GO Bonds                                                                                        | CUSIP: 801686SG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $1925955.38   | 0.38%             | 2044-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $222293.70    | 0.04%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                                      | California (State of) Housing Finance Agency, Series 2019 A-2, RB                                                                                      | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3138447 | PA      | $3220324.45   | 0.64%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing)                                    | California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing), Series 2019, RB                                        | CUSIP: 13049YEL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8250000 | PA      | $8400986.55   | 1.67%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group)                                            | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2019, RB                                                | CUSIP: 13059TGL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1849436.06   | 0.37%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Etiwanda School District (Election of 2016)                                                                                       | Etiwanda School District (Election of 2016), Series 2020 A, GO Bonds                                                                                   | CUSIP: 297667BP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2881833.60   | 0.57%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                 | California (State of) Statewide Communities Development Authority, Series 2017, RB                                                                     | CUSIP: 13078YLB9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    650000 | PA      | $664763.71    | 0.13%             | 2037-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                 | California (State of) Statewide Communities Development Authority, Series 2017, RB                                                                     | CUSIP: 13078YLC7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    715000 | PA      | $720923.78    | 0.14%             | 2046-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Sacramento (City of), CA (Port Towne Infrasctructure)                                                                        | West Sacramento (City of), CA (Port Towne Infrasctructure), Series 2019, RB                                                                            | CUSIP: 955656RQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020270.90   | 0.20%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Community Facilities District No. 2018-2)                                                          | Menifee Union School District (Community Facilities District No. 2018-2), Series 2019, RB                                                              | CUSIP: 586810T60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1050973.98   | 0.21%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Community Facilities District No. 2014-3)                                                          | Menifee Union School District (Community Facilities District No. 2014-3), Series 2019, RB                                                              | CUSIP: 586810W25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1624694.08   | 0.32%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Waterworks Authority                                                                                          | Guam (Territory of) Waterworks Authority, Series 2020 A, RB                                                                                            | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1553184.71   | 0.31%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                              | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB                           | CUSIP: 13016NEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $568915.02    | 0.11%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                              | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB                           | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $865152.20    | 0.17%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                              | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-2, Ref. RB                         | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $1921692.00   | 0.38%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                     | Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB                                                                                       | CUSIP: 89356CAT3<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2617555.72   | 0.52%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                     | Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB                                                                                       | CUSIP: 89356CAU0<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |   5530000 | PA      | $5536948.45   | 1.10%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                 | California (State of) Statewide Communities Development Authority, Series 2020, RB                                                                     | CUSIP: 13078YQV0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    805000 | PA      | $815833.77    | 0.16%             | 2050-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale Community College District                                                                                               | Glendale Community College District, Series 2020 B, GO Bonds                                                                                           | CUSIP: 378394JQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $524733.35    | 0.10%             | 2045-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                     | Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB                                                                                       | CUSIP: 89356CBM7<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    300000 | PA      | $308684.10    | 0.06%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                     | Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB                                                                                       | CUSIP: 89356CBK1<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313750.53    | 0.06%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 32)                                                          | Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB                                                              | CUSIP: 769069M44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $114359.89    | 0.02%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 32)                                                          | Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB                                                              | CUSIP: 769069M51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $233450.19    | 0.05%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                                          | University of California, Series 2020 BE, Ref. RB                                                                                                      | CUSIP: 91412HHG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7413017.20   | 1.48%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)                        | Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                            | CUSIP: 777870K62<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    150000 | PA      | $138143.12    | 0.03%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)                        | Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                            | CUSIP: 777870K70<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    200000 | PA      | $178579.90    | 0.04%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2017-1 (Village of Esencia))                                             | Orange (County of), CA Community Facilities District No. 2017-1 (Village of Esencia)), Series 2020, RB                                                 | CUSIP: 68423PYT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $327411.25    | 0.07%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marina (City of), CA Redevelopment Agency Successor Agency                                                                        | Marina (City of), CA Redevelopment Agency Successor Agency, Series 2020 B, RB                                                                          | CUSIP: 568061CJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $289693.62    | 0.06%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities)                           | Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                               | CUSIP: 777870M45<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1539799.52   | 0.31%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2020 A, RB                                                                    | CUSIP: 13051AAD0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1418776.72   | 0.28%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2016-02)                     | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2016-02), Series 2020, RB                         | CUSIP: 13077EHR4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $906350.43    | 0.18%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1)                      | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1), Series 2020, RB                          | CUSIP: 13077EJC5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    625000 | PA      | $548129.81    | 0.11%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Classical Academies Oceanside)                                                    | California (State of) School Finance Authority (Classical Academies Oceanside), Series 2020 A, RB                                                      | CUSIP: 13058TKA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976415.20    | 0.19%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)                                   | California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB                                  | CUSIP: 13016NGY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $321494.81    | 0.06%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)                                   | California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB                                  | CUSIP: 13016NHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400350.28    | 0.08%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)                                   | California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB                                  | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $590138.06    | 0.12%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.)                                  | California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.), Series 2020, Ref. RB                                 | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1001903.01   | 0.20%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Community Facilities District                                                                                 | Chino (City of), CA Community Facilities District, Series 2020, RB                                                                                     | CUSIP: 169511VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75199.85     | 0.01%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                 | California (State of) Statewide Communities Development Authority, Series 2020 B, RB                                                                   | CUSIP: 13078YRH0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    185000 | PA      | $159265.00    | 0.03%             | 2050-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1                                                     | San Francisco (City & County of), CA Community Facilities District No. 2016-1, Series 2020, RB                                                         | CUSIP: 79773JAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $211509.52    | 0.04%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1                                                     | San Francisco (City & County of), CA Community Facilities District No. 2016-1, Series 2020, RB                                                         | CUSIP: 79773JAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $378345.07    | 0.08%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                           | Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB                                                                             | CUSIP: 62412PBP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $894492.48    | 0.18%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                           | Mountain House Public Financing Authority (Green Bonds), Series 2020 B, RB                                                                             | CUSIP: 62412PCL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1155367.31   | 0.23%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2020 B, RB                                                                    | CUSIP: 13051AAS7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    315000 | PA      | $292424.11    | 0.06%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2020 B, RB                                                                    | CUSIP: 13051AAT5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    455000 | PA      | $400829.57    | 0.08%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo)                                                    | Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo), Series 2020, RB                                                        | CUSIP: 55646MCP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $761130.89    | 0.15%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo)                                                    | Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo), Series 2020, RB                                                        | CUSIP: 55646MCQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1262481.72   | 0.25%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (California Crosspoint Academy)                                                    | California (State of) Public Finance Authority (California Crosspoint Academy), Series 2020 A, RB                                                      | CUSIP: 13057KAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1720871.00   | 0.34%             | 2055-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Sutter Health)                                                       | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 B, Ref. RB                                                    | CUSIP: 13032UXH6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2915000 | PA      | $2933650.46   | 0.58%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Community Facilities District No. 2006-2)                                                          | Menifee Union School District (Community Facilities District No. 2006-2), Series 2020, Ref. RB                                                         | CUSIP: 586810Z71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $273852.42    | 0.05%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds)                        | California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds), Series 2020, Ref. RB                       | CUSIP: 13032UYJ1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004507.00   | 0.20%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                              | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB                           | CUSIP: 13016NHY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $251982.42    | 0.05%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District (Community Facilities District No. 2012-61)                                                      | Eastern Municipal Water District (Community Facilities District No. 2012-61), Series 2020, RB                                                          | CUSIP: 27627MXY8<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95870.51     | 0.02%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District (Community Facilities District No. 2012-61)                                                      | Eastern Municipal Water District (Community Facilities District No. 2012-61), Series 2020, RB                                                          | CUSIP: 27627MXZ5<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |     95000 | PA      | $96362.50     | 0.02%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District (Community Facilities District No. 2012-61)                                                      | Eastern Municipal Water District (Community Facilities District No. 2012-61), Series 2020, RB                                                          | CUSIP: 27627MYP6<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |    350000 | PA      | $307410.99    | 0.06%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3)                                           | Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3), Series 2020, RB                                               | CUSIP: 794895CC4<br>LEI: 549300MQT95KWXC3XG68 | Long             | DBT              | MUN               | US        |    380000 | PA      | $343096.07    | 0.07%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3)                                           | Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3), Series 2020, RB                                               | CUSIP: 794895CE0<br>LEI: 549300MQT95KWXC3XG68 | Long             | DBT              | MUN               | US        |    185000 | PA      | $179825.55    | 0.04%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3)                                           | Salinas (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 3), Series 2020, RB                                               | CUSIP: 794895CD2<br>LEI: 549300MQT95KWXC3XG68 | Long             | DBT              | MUN               | US        |    225000 | PA      | $196446.44    | 0.04%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                   | Foothill-Eastern Transportation Corridor Agency, Series 2021 C, Ref. RB                                                                                | CUSIP: 345105JJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3227000 | PA      | $3229186.62   | 0.64%             | 2043-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Improvement Area No. 1)                                        | California (State of) Statewide Communities Development Authority (Improvement Area No. 1), Series 2021, RB                                            | CUSIP: 13077EKP4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $192812.50    | 0.04%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                          | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069Q32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $392965.29    | 0.08%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                              | Independent Cities Finance Authority, Series 2021, RB                                                                                                  | CUSIP: 45384PAN5<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1769830.43   | 0.35%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                              | Independent Cities Finance Authority, Series 2021, RB                                                                                                  | CUSIP: 45384PAP0<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1184047.63   | 0.24%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rancho Mirage Community Facilities District (Del Webb)                                                                            | Rancho Mirage Community Facilities District (Del Webb), Series 2021, RB                                                                                | CUSIP: 75213WBV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $283773.36    | 0.06%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rancho Mirage Community Facilities District (Del Webb)                                                                            | Rancho Mirage Community Facilities District (Del Webb), Series 2021, RB                                                                                | CUSIP: 75213WBW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $344545.28    | 0.07%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (Various Capital)                                                                        | California (State of) Public Works Board (Various Capital), Series 2021 B, RB                                                                          | CUSIP: 13068XBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9742093.00   | 1.94%             | 2046-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsniore (City of), CA Community Facilities District No. 2006-1                                                              | Lake Elsniore (City of), CA Community Facilities District No. 2006-1, Series 2021, RB                                                                  | CUSIP: 50963NUD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $363667.80    | 0.07%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Lucile Salter Packard)                                               | California (State of) Health Facilities Financing Authority (Lucile Salter Packard), Series 2022, Ref. RB                                              | CUSIP: 13032UYR3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2824560.02   | 0.56%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Torrance Unified School District (Election of 2008-Measure Z)                                                                     | Torrance Unified School District (Election of 2008-Measure Z), Series 2009, GO Bonds                                                                   | CUSIP: 891381G58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $846095.50    | 0.17%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Norwalk-La Mirada Unified School District                                                                                         | Norwalk-La Mirada Unified School District, Series 2005 B, GO Bonds                                                                                     | CUSIP: 669096QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5408265.60   | 1.08%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| William S. Hart Union High School District (Election of 2008)                                                                     | William S. Hart Union High School District (Election of 2008), Series 2009 A, GO Bonds                                                                 | CUSIP: 969275QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9370000 | PA      | $7716314.00   | 1.54%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alhambra Unified School District (Election of 2004)                                                                               | Alhambra Unified School District (Election of 2004), Series 2009 B, GO Bonds                                                                           | CUSIP: 016059DL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $822310.16    | 0.16%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspire Public School)                                                             | California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB                                                            | CUSIP: 13058TMA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1342419.30   | 0.27%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Election of 2008)                                                                                  | Menifee Union School District (Election of 2008), Series 2009 C, GO Bonds                                                                              | CUSIP: 586807DW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $650167.04    | 0.13%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                          | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                        | CUSIP: 088023JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $362355.15    | 0.07%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                       | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $882049.34    | 0.18%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                       | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1527576.41   | 0.30%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Simi Valley Unified School District (Election of 2004)                                                                            | Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds                                                                        | CUSIP: 828641UD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1418061.81   | 0.28%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                          | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                        | CUSIP: 088023HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1225941.42   | 0.24%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Simi Valley Unified School District (Election of 2004)                                                                            | Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds                                                                        | CUSIP: 828641UF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1070274.77   | 0.21%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Compton (City of), CA                                                                                                             | Compton (City of), CA, Series 2009, RB                                                                                                                 | CUSIP: 204744AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1790038.95   | 0.36%             | 2039-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Planada Elementary School District (Election of 2008)                                                                             | Planada Elementary School District (Election of 2008), Series 2009 B, GO Bonds                                                                         | CUSIP: 727016CG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8440000 | PA      | $2719659.18   | 0.54%             | 2049-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition)                                   | Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition), Series 2007 C, Ref. RB                                | CUSIP: 235669FK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1630234.07   | 0.32%             | 2047-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Schools Regionalized Business Services Corp. (Los Angeles County Schools Pooled Financing Program)             | Los Angeles County Schools Regionalized Business Services Corp. (Los Angeles County Schools Pooled Financing Program), Series 1999 A, COP              | CUSIP: 545152HM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1178082.60   | 0.23%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dry Creek Joint Elementary School District (Election of 2008-Measure E)                                                           | Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds                                                         | CUSIP: 262386FC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4420000 | PA      | $2652338.57   | 0.53%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dry Creek Joint Elementary School District (Election of 2008-Measure E)                                                           | Dry Creek Joint Elementary School District (Election of 2008-Measure E), Series 2009, GO Bonds                                                         | CUSIP: 262386FK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860000 | PA      | $1037357.46   | 0.21%             | 2048-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oak Grove School District (Election of 2008)                                                                                      | Oak Grove School District (Election of 2008), Series 2009 A, GO Bonds                                                                                  | CUSIP: 671205ZK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $623260.00    | 0.12%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Golden Valley Unified School District Financing Authority                                                                         | Golden Valley Unified School District Financing Authority, Series 2021 A, RB                                                                           | CUSIP: 38131AAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228846.68    | 0.05%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden Valley Unified School District Financing Authority                                                                         | Golden Valley Unified School District Financing Authority, Series 2021 A, RB                                                                           | CUSIP: 38131AAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $439913.05    | 0.09%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Moreland School District (Crossover Series 14)                                                                                    | Moreland School District (Crossover Series 14), Series 2006 C, Ref. GO Bonds                                                                           | CUSIP: 616794QH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1119821.63   | 0.22%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Garden Grove (City of), CA Agency for Community Development                                                                       | Garden Grove (City of), CA Agency for Community Development, Series 2008, RN                                                                           | CUSIP: 365245AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $330453.92    | 0.07%             | 2027-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                          | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                        | CUSIP: 088023JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $1745762.79   | 0.35%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District (Election of 2004)                                                                                 | Clovis Unified School District (Election of 2004), Series 2004 A, GO Bonds                                                                             | CUSIP: 189342US5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $566015.69    | 0.11%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                          | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                        | CUSIP: 088023HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2814327.60   | 0.56%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Murrieta Valley Unified School District (Election of 2006)                                                                        | Murrieta Valley Unified School District (Election of 2006), Series 2008, GO Bonds                                                                      | CUSIP: 626905JE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6670000 | PA      | $5659521.01   | 1.13%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                             | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                         | CUSIP: 284047HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $491940.65    | 0.10%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Moorpark Unified School District (Election of 2008)                                                                               | Moorpark Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                           | CUSIP: 616259EZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1695816.00   | 0.34%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District (Election of 2004)                                                                  | San Jose Evergreen Community College District (Election of 2004), Series 2008 B, GO Bonds                                                              | CUSIP: 798189FT8<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $834316.90    | 0.17%             | 2032-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                             | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                         | CUSIP: 284047GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2342468.70   | 0.47%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA (University Park)                                                                                       | Palm Desert (City of), CA (University Park), Series 2021, Ref. RB                                                                                      | CUSIP: 696627ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $433329.44    | 0.09%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA (University Park)                                                                                       | Palm Desert (City of), CA (University Park), Series 2021, Ref. RB                                                                                      | CUSIP: 696627ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $564107.31    | 0.11%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alhambra Unified School District (Election of 2004)                                                                               | Alhambra Unified School District (Election of 2004), Series 2009 B, GO Bonds                                                                           | CUSIP: 016059DM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1265450.30   | 0.25%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Simi Valley Unified School District (Election of 2004)                                                                            | Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds                                                                        | CUSIP: 828641UE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4542895.00   | 0.90%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                   | Foothill-Eastern Transportation Corridor Agency, Series 1995 A, RB                                                                                     | CUSIP: 345105BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2871373.36   | 0.57%             | 2027-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                     | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                       | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $4468208.00   | 0.89%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Santa Ana Unified School District (Financing Project)                                                                             | Santa Ana Unified School District (Financing Project), Series 1999, COP                                                                                | CUSIP: 801163DM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $682471.20    | 0.14%             | 2036-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)                                               | Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB                                              | CUSIP: 88563DAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3990000 | PA      | $3578632.20   | 0.71%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Buck Institute for Research on Aging)                          | California (State of) Statewide Communities Development Authority (Buck Institute for Research on Aging), Series 2021, Ref. RB                         | CUSIP: 13080SC77<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1803508.20   | 0.36%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Humangood - California Obligated Group)                                        | California (State of) Municipal Finance Authority (Humangood - California Obligated Group), Series 2021, RB                                            | CUSIP: 13048VXH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    420000 | PA      | $380722.78    | 0.08%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Elsinore Valley Municipal Water District                                                                                          | Elsinore Valley Municipal Water District, Series 2021 A, RB                                                                                            | CUSIP: 290322DZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $932460.01    | 0.19%             | 2051-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Transportation Commission                                                                               | Riverside (County of), CA Transportation Commission, Series 2021 B-1, Ref. RB                                                                          | CUSIP: 76912DAZ1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2477935.00   | 0.49%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Patterson Financing Authority (Community Facilities District No. 2018-1)                                                     | West Patterson Financing Authority (Community Facilities District No. 2018-1), Series 2021, RB                                                         | CUSIP: 955232FA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $358626.86    | 0.07%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Patterson Financing Authority (Community Facilities District No. 2018-1)                                                     | West Patterson Financing Authority (Community Facilities District No. 2018-1), Series 2021, RB                                                         | CUSIP: 955232FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $499362.99    | 0.10%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Patterson Financing Authority (Community Facilities District No. 2018-1)                                                     | West Patterson Financing Authority (Community Facilities District No. 2018-1), Series 2021, RB                                                         | CUSIP: 955232FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $663593.09    | 0.13%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (Green Bonds) (California Science Center Phase III)              | California (State of) Infrastructure & Economic Development Bank (Green Bonds) (California Science Center Phase III), Series 2021 B, RB                | CUSIP: 13034AV23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2643071.94   | 0.53%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Public Works Financing Authority (Green Bonds)                                                        | Los Angeles (County of), CA Public Works Financing Authority (Green Bonds), Series 2021 F, RB                                                          | CUSIP: 54473EWP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15880000 | PA      | $15312902.97  | 3.05%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District                                                                                                     | Menifee Union School District, Series 2021, RB                                                                                                         | CUSIP: 5868103N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $603040.88    | 0.12%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Perris (City of), CA Joint Powers Authority (Green Valley West Elementary)                                                        | Perris (City of), CA Joint Powers Authority (Green Valley West Elementary), Series 2021, RB                                                            | CUSIP: 714376TS9<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1069607.28   | 0.21%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Perris (City of), CA Joint Powers Authority (Green Valley West Elementary)                                                        | Perris (City of), CA Joint Powers Authority (Green Valley West Elementary), Series 2021, RB                                                            | CUSIP: 714376TR1<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $974762.86    | 0.19%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)                                         | California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2021 A, Ref. RB                                      | CUSIP: 13032UB23<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  37220000 | PA      | $34522603.32  | 6.87%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                              | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20330908.00  | 4.05%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                              | San Diego (County of), CA Regional Airport Authority, Series 2021 A, RB                                                                                | CUSIP: 79739GMZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3109293.60   | 0.62%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                              | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4227775.71   | 0.84%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                              | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2665810.50   | 0.53%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System)                                          | California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System), Series 2021 A, Ref. RB                                       | CUSIP: 13032UB49<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   7950000 | PA      | $8404061.07   | 1.67%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas)                                                                       | California (State of) Municipal Finance Authority (Caritas), Series 2021 B, Ref. RB                                                                    | CUSIP: 13049SES9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    995000 | PA      | $838357.75    | 0.17%             | 2056-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 5)                                 | Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 5), Series 2021, RB                                     | CUSIP: 5868104B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $899120.92    | 0.18%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2021 C, RB                                                                    | CUSIP: 13051ADD7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1193255.96   | 0.24%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2021 C, RB                                                                    | CUSIP: 13051ADE5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1590959.52   | 0.32%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                         | Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB                                                                                    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $1506922.20   | 0.30%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Patterson Financing Authority (Community Facilities District No. 2005-1)                                                     | West Patterson Financing Authority (Community Facilities District No. 2005-1), Series 2021, RB                                                         | CUSIP: 955232FE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $548233.98    | 0.11%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Patterson Financing Authority (Community Facilities District No. 2005-1)                                                     | West Patterson Financing Authority (Community Facilities District No. 2005-1), Series 2021, RB                                                         | CUSIP: 955232FF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $664805.15    | 0.13%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Patterson Financing Authority (Community Facilities District No. 2005-1)                                                     | West Patterson Financing Authority (Community Facilities District No. 2005-1), Series 2021, RB                                                         | CUSIP: 955232FG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1545397.72   | 0.31%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Martinez Unified School District (Election of 2016)                                                                               | Martinez Unified School District (Election of 2016), Series 2021, GO Bonds                                                                             | CUSIP: 573428NW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8605000 | PA      | $8219604.42   | 1.64%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                     | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2022 A, Ref. RB                           | CUSIP: 79766DUF4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2550851.75   | 0.51%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Pablo (County of), CA Joint Powers Financing Authority                                                                        | San Pablo (County of), CA Joint Powers Financing Authority, Series 2022, Ref. RB                                                                       | CUSIP: 799135CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5733550.20   | 1.14%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                              | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2022, Ref. RB                                             | CUSIP: 544445YG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035439.50   | 0.21%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South San Francisco (City of), CA (Community Facilities District No. 2021-01)                                                     | South San Francisco (City of), CA (Community Facilities District No. 2021-01), Series 2022, RB                                                         | CUSIP: 840000AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916063.70    | 0.18%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tracy (City of), CA Community Facilities District No. 21-1(Hillview)                                                              | Tracy (City of), CA Community Facilities District No. 21-1(Hillview), Series 2022, RB                                                                  | CUSIP: 892376TM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1666567.76   | 0.33%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Santa Rosa Academy)                                                            | California (State of) Municipal Finance Authority (Santa Rosa Academy), Series 2022, Ref. RB                                                           | CUSIP: 130486BF9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3478123.09   | 0.69%             | 2062-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center                                                                            | Regents of the University of California Medical Center, Series 2022 P, RB                                                                              | CUSIP: 913366KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9367351.00   | 1.86%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1)                                    | Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1), Series 2022, RB                                        | CUSIP: 344414EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2910711.52   | 0.58%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds)                                                    | San Francisco Bay Area Rapid Transit District (Election of 2016) (Green Bonds), Series 2022 D-1, GO Bonds                                              | CUSIP: 797661C94<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9953255.00   | 1.98%             | 2052-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Delta Coves)                                                   | California (State of) Statewide Communities Development Authority (Delta Coves), Series 2022, RB                                                       | CUSIP: 13077ELE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2053774.30   | 0.41%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Classical Academies Oceanside)                                                    | California (State of) School Finance Authority (Classical Academies Oceanside), Series 2022 A, Ref. RB                                                 | CUSIP: 13058TQC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2062328.10   | 0.41%             | 2061-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2014-1)                                                           | Rancho Cordova (City of), CA (Community Facilities District No. 2014-1), Series 2022, RB                                                               | CUSIP: 75211RPR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1219125.00   | 0.24%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2020-02)                     | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2020-02), Series 2022, RB                         | CUSIP: 13077ELR9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523508.70    | 0.10%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)                                       | Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities), Series 2022, RB                                           | CUSIP: 54531MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021212.70   | 0.20%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton (City of), CA Community Facilities District (Westlake Villages II)                                                       | Stockton (City of), CA Community Facilities District (Westlake Villages II), Series 2022, RB                                                           | CUSIP: 861341SH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $716203.74    | 0.14%             | 2052-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Alameda (City of), CA Corridor Transportation Authority                                                                           | Alameda (City of), CA Corridor Transportation Authority, Series 2022 C, RB                                                                             | CUSIP: 010869JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1140714.60   | 0.23%             | 2052-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                                          | River Islands Public Financing Authority, Series 2022 A-1, Ref. RB                                                                                     | CUSIP: 76827QGR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1482626.46   | 0.30%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sweetwater Union High School District                                                                                             | Sweetwater Union High School District, Series 2016, Ref. GO Bonds                                                                                      | CUSIP: 870462TL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2382824.89   | 0.47%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                                        | City of Los Angeles Department of Airports, Series 2022, RB                                                                                            | CUSIP: 544445F79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8372063.20   | 1.67%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch)                                                    | Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch), Series 2022 A, RB                                                      | CUSIP: 68423PZK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023410.70   | 0.20%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cambrian School District                                                                                                          | Cambrian School District, Series 2022, GO Bonds                                                                                                        | CUSIP: 132123NM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7505000 | PA      | $7811333.84   | 1.56%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (University of Redlands)                                                   | California (State of) Educational Facilities Authority (University of Redlands), Series 2022 A, RB                                                     | CUSIP: 130179UR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1406399.82   | 0.28%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Orange County Community College District                                                                                    | North Orange County Community College District, Series 2022 C, GO Bonds                                                                                | CUSIP: 661334GN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9808147.00   | 1.95%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Green Bonds)                                                                    | Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2022, RB                                                                        | CUSIP: 544445C56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3121464.60   | 0.62%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA (Green Bonds)                                                                                           | Los Angeles (City of), CA (Green Bonds), Series 2022, RB                                                                                               | CUSIP: 544445C64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5141173.50   | 1.02%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Hawking Steam Charter School)                                                     | California (State of) School Finance Authority (Hawking Steam Charter School), Series 2022, RB                                                         | CUSIP: 13058TRE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $760682.81    | 0.15%             | 2062-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)                                            | California (State of) School Finance Authority (Aspen Public Sschools Obligated Group), Series 2022 A, RB                                              | CUSIP: 13058TRJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1826450.00   | 0.36%             | 2062-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)                                            | California (State of) School Finance Authority (Aspen Public Sschools Obligated Group), Series 2022 A, RB                                              | CUSIP: 13058TRH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1468207.47   | 0.29%             | 2052-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Enloe Medical Center)                                          | California (State of) Statewide Communities Development Authority (Enloe Medical Center), Series 2022 A, RB                                            | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1735749.29   | 0.35%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Palomar Health)                                                                | California (State of) Municipal Finance Authority (Palomar Health), Series 2022 A, Ref. COP                                                            | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2165038.05   | 0.43%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2022 B, Ref. RB                                                               | CUSIP: 13051AFH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    840000 | PA      | $893164.61    | 0.18%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2022 B, Ref. RB                                                               | CUSIP: 13051AFJ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    335000 | PA      | $359608.10    | 0.07%             | 2052-09-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2022 C, RB                                                                    | CUSIP: 13051AFS2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1066403.89   | 0.21%             | 2052-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Samuel Merritt University)                                                     | California (State of) Municipal Finance Authority (Samuel Merritt University), Series 2022, RB                                                         | CUSIP: 13048VF37<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4137453.60   | 0.82%             | 2053-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lincoln (City of), CA Community Facilities District No. 2019-1                                                                    | Lincoln (City of), CA Community Facilities District No. 2019-1, Series 2022, RB                                                                        | CUSIP: 533042LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026222.20   | 0.40%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda (City of), CA Community Facilities District (Green Bonds)                                                                 | Alameda (City of), CA Community Facilities District (Green Bonds), Series 2023, RB                                                                     | CUSIP: 010780DE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765857.55    | 0.15%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda (City of), CA Community Facilities District (Green Bonds)                                                                 | Alameda (City of), CA Community Facilities District (Green Bonds), Series 2023, RB                                                                     | CUSIP: 010780DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1195180.51   | 0.24%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Placer (County of), CA Community Facilities District (Riolo Vineyard Specific Plan)                                               | Placer (County of), CA Community Facilities District (Riolo Vineyard Specific Plan), Series 2023, RB                                                   | CUSIP: 726011CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $976616.47    | 0.19%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Kendal at Ventura)                                                                | California (State of) Public Finance Authority (Kendal at Ventura), Series 2023 A-C, RB                                                                | CUSIP: 13057GAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1440959.19   | 0.29%             | 2028-05-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                    | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB                        | CUSIP: 130791AB2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035357.00   | 0.21%             | 2051-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA (Community Facilities District No. 99)                                                                      | Fontana (City of), CA (Community Facilities District No. 99), Series 2023, RB                                                                          | CUSIP: 344630F29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509166.55    | 0.10%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                           | Mountain House Public Financing Authority (Green Bonds), Series 2023, RB                                                                               | CUSIP: 62412PCP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2403166.00   | 0.48%             | 2052-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                    | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB                        | CUSIP: 13078YUT0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024290.30   | 0.20%             | 2053-09-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Modesto Irrigation District                                                                                                       | Modesto Irrigation District, Series 2023 A, RB                                                                                                         | CUSIP: 607767DH0<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2175516.40   | 0.43%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| El Centro (City of), CA Financing Authority (Police Station)                                                                      | El Centro (City of), CA Financing Authority (Police Station), Series 2023 A, RB                                                                        | CUSIP: 28282RCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3017325.00   | 0.60%             | 2047-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fresno (City of), CA                                                                                                              | Fresno (City of), CA, Series 2023 A, Ref. RB                                                                                                           | CUSIP: 358100FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3290000 | PA      | $3365103.46   | 0.67%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Sheldon Farms)                                                 | California (State of) Statewide Communities Development Authority (Sheldon Farms), Series 2023, RB                                                     | CUSIP: 13077ENR7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018000.00   | 0.20%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Orange County Educational Arts Academy)                                           | California (State of) School Finance Authority (Orange County Educational Arts Academy), Series 2023, Ref. RB                                          | CUSIP: 13058TSA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $563085.66    | 0.11%             | 2043-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Aldersly)                                                                      | California (State of) Municipal Finance Authority (Aldersly), Series 2023 A, RB                                                                        | CUSIP: 13048VL55<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8145000 | PA      | $8505828.39   | 1.69%             | 2053-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Heights Christian Schools)                                                | California (State of) Enterprise Development Authority (Heights Christian Schools), Series 2023 A, RB                                                  | CUSIP: 13068WAF8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    880000 | PA      | $843937.95    | 0.17%             | 2053-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA Community Facilities District No. 1 (Improvement Area No. 2)                                              | Roseville (City of), CA Community Facilities District No. 1 (Improvement Area No. 2), Series 2023, RB                                                  | CUSIP: 7778705G7<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515453.15    | 0.10%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Imperial (County of), CA Community college District (Election of 2022)                                                            | Imperial (County of), CA Community college District (Election of 2022), Series 2023 A, GO Bonds                                                        | CUSIP: 452641LN1<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |   4330000 | PA      | $4147975.03   | 0.83%             | 2055-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 10)                                | Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 10), Series 2023, RB                                    | CUSIP: 46360TGR8<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5269859.00   | 1.05%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Alliance for College-Ready Public Schools)                                        | California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2015, RB                                            | CUSIP: 13059TBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1131320.29   | 0.23%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. 2)                                | Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. 2), Series 2023, RB                                    | CUSIP: 074447AW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $677418.46    | 0.13%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Tahoe Joint Powers Financing Authority                                                                                      | South Tahoe Joint Powers Financing Authority, Series 2023 A, RB                                                                                        | CUSIP: 84049MCC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4316754.00   | 0.86%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Greenfield Commons I) (Green Bonds)                                            | California (State of) Municipal Finance Authority (Greenfield Commons I) (Green Bonds), Series 2023 A, RB                                              | CUSIP: 130489AA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1141187.46   | 0.23%             | 2046-09-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                    | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB                        | CUSIP: 13078YUY9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    625000 | PA      | $643255.88    | 0.13%             | 2053-09-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                    | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB                        | CUSIP: 13078YUX1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $385435.24    | 0.08%             | 2043-09-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                                                                          | Washington Township Health Care District, Series 2023 A, RB                                                                                            | CUSIP: 940204GX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533786.75    | 0.11%             | 2048-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District (Election of 2020)                                                                       | Washington Township Health Care District (Election of 2020), Series 2023 B, GO Bonds                                                                   | CUSIP: 940642GG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2410846.56   | 0.48%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas) (Social Bonds)                                                        | California (State of) Municipal Finance Authority (Caritas) (Social Bonds), Series 2023, RB                                                            | CUSIP: 13049SFH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517145.45    | 0.10%             | 2058-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2022-1)                                                           | Rancho Cordova (City of), CA (Community Facilities District No. 2022-1), Series 2023, RB                                                               | CUSIP: 75211RQS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $546845.78    | 0.11%             | 2043-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Romoland School District (Underwood)                                                                                              | Romoland School District (Underwood), Series 2023, RB                                                                                                  | CUSIP: 776192VP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $520498.35    | 0.10%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                              | San Diego (County of), CA Regional Airport Authority, Series 2023 B, RB                                                                                | CUSIP: 79739GRL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5139889.00   | 1.02%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA                                                                                                           | Roseville (City of), CA, Series 2023, RB                                                                                                               | CUSIP: 7778705Z5<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    505000 | PA      | $536866.01    | 0.11%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                  | California (State of) Municipal Finance Authority (Bold Program), Series 2023 B, RB                                                                    | CUSIP: 13051AGB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $531100.70    | 0.11%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Adelanto School District (Community Facilities District No. 4)                                                                    | Adelanto School District (Community Facilities District No. 4), Series 2023, RB                                                                        | CUSIP: 006792CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $521457.61    | 0.10%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Saint Mary's College of California)                                       | California (State of) Educational Facilities Authority (Saint Mary's College of California), Series 2023, Ref. RB                                      | CUSIP: 130179VH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1846976.32   | 0.37%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Special Tax District No. 2020-1                                                              | San Francisco (City & County of), CA Special Tax District No. 2020-1, Series 2023, RB                                                                  | CUSIP: 79771JAL3<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1584352.05   | 0.32%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dublin (City of), CA Community Facilities District No. 2015-1 (Improvement Area No. 5)                                            | Dublin (City of), CA Community Facilities District No. 2015-1 (Improvement Area No. 5), Series 2023, RB                                                | CUSIP: 26362DBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1297550.63   | 0.26%             | 2051-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspire Public School)                                                             | California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB                                                            | CUSIP: 13058TLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000024.00   | 0.20%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                           | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB                                               | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3210080.40   | 0.64%             | 2030-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement)                                                       | San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement), Series 2011 A, Ref. RB                                                    | CUSIP: 798693CX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503555.75   | 0.50%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1                                     | San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1, Series 2023 A, RB                                       | CUSIP: 79773NAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1543410.91   | 0.31%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Scholarship Prep Public Schools                                                   | California (State of) School Finance Authority (Scholarship Prep Public Schools, Series 2023 A, RB                                                     | CUSIP: 13058TTH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1465213.20   | 0.29%             | 2063-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Episcopal Communities & Services)                                    | California (State of) Health Facilities Financing Authority (Episcopal Communities & Services), Series 2024, RB                                        | CUSIP: 13032UL30<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1273624.13   | 0.25%             | 2058-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Harbor Springs Obligated Group)                                                   | California (State of) School Finance Authority (Harbor Springs Obligated Group), Series 2024, RB                                                       | CUSIP: 13058TTM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1190373.73   | 0.24%             | 2063-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District (Election of 2006)                                                                             | Palomar Community College District (Election of 2006), Series 2010, GO Bonds                                                                           | CUSIP: 697511BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6670000 | PA      | $6364994.91   | 1.27%             | 2045-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                             | California (State of), Series 2024, GO Bonds                                                                                                           | CUSIP: 13063EAS5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10631988.00  | 2.12%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                   | Foothill-Eastern Transportation Corridor Agency, Series 2021 A, Ref. RB                                                                                | CUSIP: 345105KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978433.10    | 0.19%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                     | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB                                       | CUSIP: 79766DWF2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1640758.04   | 0.33%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority                                                                                       | Burbank-Glendale-Pasadena Airport Authority, Series 2024 B, RB                                                                                         | CUSIP: 120827EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5106226.79   | 1.02%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds)                                                    | San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2024 C, RB                                                      | CUSIP: 79768HKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3448729.71   | 0.69%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (John Muir Health)                                              | California (State of) Statewide Communities Development Authority (John Muir Health), Series 2024 A, Ref. RB                                           | CUSIP: 13080ST79<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2650950.75   | 0.53%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                           | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB                                               | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7893534.75   | 1.57%             | 2032-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group)                                            | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2024, RB                                                | CUSIP: 13059TJS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $580156.98    | 0.12%             | 2064-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)                                       | Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities), Series 2024, RB                                           | CUSIP: 54531MBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $814174.16    | 0.16%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas) (Social Bonds)                                                        | California (State of) Municipal Finance Authority (Caritas) (Social Bonds), Series 2024, Ref. RB                                                       | CUSIP: 13049SGD0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019070.90   | 0.20%             | 2059-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas) (Social Bonds)                                                        | California (State of) Municipal Finance Authority (Caritas) (Social Bonds), Series 2024, Ref. RB                                                       | CUSIP: 13049SGB4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    835000 | PA      | $859547.75    | 0.17%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Public Works Financing Authority                                                                      | Los Angeles (County of), CA Public Works Financing Authority, Series 2024 H, Ref. RB                                                                   | CUSIP: 54473EYK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2771999.25   | 0.55%             | 2049-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA                                                                                                        | Sacramento (County of), CA, Series 2024, RB                                                                                                            | CUSIP: 786107VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144126.00   | 0.43%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sulphur Springs Union School District                                                                                             | Sulphur Springs Union School District, Series 2024 A, RB                                                                                               | CUSIP: 865483JH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1517208.37   | 0.30%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Alliance for College-Ready Public Schools)                                        | California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2024, Ref. RB                                       | CUSIP: 13058TUF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013247.20   | 0.20%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Commonspirit Health)                                                 | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020, Ref. RB                                                | CUSIP: 13032UY36<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    195000 | PA      | $207610.49    | 0.04%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Commonspirit Health)                                                 | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020, Ref. RB                                                | CUSIP: 13032UY44<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5555000 | PA      | $5084137.09   | 1.01%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA Community Facilities District No. 64                                                                        | Ontario (City of), CA Community Facilities District No. 64, Series 2024, RB                                                                            | CUSIP: 68305GAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023994.20   | 0.40%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group)                                   | California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group), Series 2024 A, RB                                     | CUSIP: 13069ABD9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1410861.50   | 0.28%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Hazelden Betty Ford Foundation)                                                   | California (State of) Public Finance Authority (Hazelden Betty Ford Foundation), Series 2025, RB                                                       | CUSIP: 13056HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1239152.30   | 0.25%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                     | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB                                       | CUSIP: 79766DXP9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10484656.00  | 2.09%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                      | California Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2025 A, RB                                                        | CUSIP: 13013JFX9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2658061.00   | 0.53%             | 2035-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                                          | University of California, Series 2025 CC, RB                                                                                                           | CUSIP: 91412HVY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2654932.00   | 0.53%             | 2053-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA (Green Bonds)                                                                                            | Long Beach (City of), CA (Green Bonds), Series 2025, Ref. RB                                                                                           | CUSIP: 5444453B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3169488.90   | 0.63%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District                                                                                                  | Eastern Municipal Water District, Series 2025, RB                                                                                                      | CUSIP: 27627M5Q6<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |    525000 | PA      | $556370.64    | 0.11%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                             | California (State of), Series 2025, GO Bonds                                                                                                           | CUSIP: 13063ELN4<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2673752.00   | 0.53%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Elementary School District                                                                                             | Enterprise Elementary School District, Series 2025 D, GO Bonds                                                                                         | CUSIP: 29368PFP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $849512.78    | 0.17%             | 2048-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Elementary School District                                                                                             | Enterprise Elementary School District, Series 2025 D, GO Bonds                                                                                         | CUSIP: 29368PFQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $759343.84    | 0.15%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority                                                                            | California (State of) Educational Facilities Authority, Series 2025 A, RB                                                                              | CUSIP: 130179YE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2672256.75   | 0.53%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (Various Capital)                                                                        | California (State of) Public Works Board (Various Capital), Series 2025, RB                                                                            | CUSIP: 13068XPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2130460.60   | 0.42%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                             | Los Angeles (City of), CA Department of Water & Power, Series 2025 A, Ref. RB                                                                          | CUSIP: 544532PW8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4169074.80   | 0.83%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                 | California (State of) Statewide Communities Development Authority, Series 2025, RB                                                                     | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2984153 | PA      | $2798261.07   | 0.56%             | 2041-02-20      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District (Community Facilities District No. 2023-1)                                                  | Moreno Valley Unified School District (Community Facilities District No. 2023-1), Series 2025, RB                                                      | CUSIP: 616874WC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017714.40   | 0.20%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp. (Garvee)                                                                     | Virgin Islands Transportation & Infrastructure Corp. (Garvee), Series 2025, Ref. RB                                                                    | CUSIP: 927686AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1339225.25   | 0.27%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                                                                       | California State University, Series 2025, RB                                                                                                           | CUSIP: 13077DWH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048841.80   | 0.41%             | 2056-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| California State University                                                                                                       | California State University, Series 2025, RB                                                                                                           | CUSIP: 13077DWF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5473374.50   | 1.09%             | 2050-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Public Works Financing Authority                                                                      | Los Angeles (County of), CA Public Works Financing Authority, Series 2025, RB                                                                          | CUSIP: 54473EZR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2214124.40   | 0.44%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                                                                                   | San Diego Public Facilities Financing Authority, Series 2025, RB                                                                                       | CUSIP: 797299SC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5420793.00   | 1.08%             | 2055-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                                                   | California Community Choice Financing Authority, Series 2025, RB                                                                                       | CUSIP: 13013JHG4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3841128.20   | 0.76%             | 2035-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                         | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $985994.95    | 0.20%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                         | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6002769.60   | 1.20%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                         | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000008.60   | 0.40%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                                                                      | Los Angeles Department of Water & Power Water System Revenue, Series 2025, RB                                                                          | CUSIP: 5445252W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080361.60   | 0.41%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                                             | California Infrastructure & Economic Development Bank, Series 2025, RB                                                                                 | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1228250.00   | 0.24%             | 2026-11-02      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| BL Train Holdings West LLC                                                                                                        | BL Train Holdings West LLC                                                                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     12000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gilroy Unified School District (Election of 2008)                                                                                 | Gilroy Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                             | CUSIP: 376087DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $76761.66     | 0.02%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gilroy Unified School District (Election of 2008)                                                                                 | Gilroy Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                             | CUSIP: 376087DG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $600935.16    | 0.12%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                             | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1150579.24   | 0.23%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)               | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB                 | CUSIP: 79770GAM8<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220380.51    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)               | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB                 | CUSIP: 79770GAP1<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    370000 | PA      | $370483.04    | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)               | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB                 | CUSIP: 79770GAQ9<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450600.12    | 0.09%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)               | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB                 | CUSIP: 79770GAT3<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    785000 | PA      | $785883.67    | 0.16%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)               | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB                 | CUSIP: 79770GAU0<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375396.68    | 0.07%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)               | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB                 | CUSIP: 79770GAW6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000552.50   | 0.20%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                                            | M-S-R Energy Authority, Series 2009 B, RB                                                                                                              | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    665000 | PA      | $704277.76    | 0.14%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA Bond Finance Authority                                                                                   | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB                                                                                     | CUSIP: 54241AAZ6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1762297.12   | 0.35%             | 2037-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South)                                                   | Fontana (City of), CA Community Facilities District No. 22 (Sierra Hills South), Series 2014, Ref. RB                                                  | CUSIP: 344630RB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004149.70   | 0.20%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                             | Children's Trust Fund, Series 2005 A, RB                                                                                                               | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $892147.59    | 0.18%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Providence Health & Services)                                        | California (State of) Health Facilities Financing Authority (Providence Health & Services), Series 2014 B, RB                                          | CUSIP: 13033L4N4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000993.80   | 0.40%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                            | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1172910.99   | 0.23%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                            | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPR7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028181.40   | 0.40%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                   | Foothill-Eastern Transportation Corridor Agency, Series 2015, Ref. RB                                                                                  | CUSIP: 345105HZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6245000 | PA      | $4732921.88   | 0.94%             | 2035-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                       | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 A, RB                                         | CUSIP: 130923BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $4324818.70   | 0.86%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Alliance for College-Ready Public Schools)                                        | California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2015, RB                                            | CUSIP: 13059TBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2635485.63   | 0.52%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2004-1                                                                          | Romoland School District Community Facilities No. 2004-1, Series 2015, Ref. RB                                                                         | CUSIP: 776192NS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1661558.08   | 0.33%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Adventist Health System)                                       | California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2015 A, Ref. RB                                    | CUSIP: 13080SJK1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1734008.76   | 0.35%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)                                                  | Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith), Series 2015, RB                                                      | CUSIP: 76911FTJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2761988.03   | 0.55%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)                                                  | Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith), Series 2015, RB                                                      | CUSIP: 76911FTK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500522.30   | 0.30%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremont Community Facilities District No. 1 (Pacific Commons)                                                                     | Fremont Community Facilities District No. 1 (Pacific Commons), Series 2015, Ref. RB                                                                    | CUSIP: 357129CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1884702.63   | 0.38%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremont Community Facilities District No. 1 (Pacific Commons)                                                                     | Fremont Community Facilities District No. 1 (Pacific Commons), Series 2015, Ref. RB                                                                    | CUSIP: 357129CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2096176.76   | 0.42%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP LA)                                                                          | California (State of) School Finance Authority (KIPP LA), Series 2015 A, RB                                                                            | CUSIP: 13059TBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1149948.02   | 0.23%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Green Dot Public Schools)                                                         | California (State of) School Finance Authority (Green Dot Public Schools), Series 2015 A, RB                                                           | CUSIP: 13059TCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999994.40    | 0.20%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)                                                 | Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB                                                   | CUSIP: 68423PWA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $270348.81    | 0.05%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)                                                 | Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB                                                   | CUSIP: 68423PWC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3555000 | PA      | $3559431.66   | 0.71%             | 2045-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Invesco California Value Municipal Income Trust

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer