# EDGAR Filing Document

**Accession Number:** 0000714287
**File Stem:** 0001752724-23-013471
**Filing Date:** 2023-1
**Character Count:** 117016
**Document Hash:** f6364cdcd58acaf11fc5d5b046c3d6b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-013471.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-013471

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS STATE TAX-FREE INCOME SERIES
- **CENTRAL INDEX KEY:** 0000714287
- **IRS NUMBER:** 363221104
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03657
- **FILM NUMBER:** 23553628

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE STATE TAX-FREE INCOME SERIES
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS STATE TAX-FREE INCOME SERIES
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER STATE TAX-FREE INCOME SERIES
- **DATE OF NAME CHANGE:** 20010625

## Series and Classes Contracts Data

### DWS California Tax-Free Income Fund (Series ID: S000006111)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000016814 | Class A             | KCTAX           |
| C000016816 | Class C             | KCTCX           |
| C000016817 | Class S             | SDCSX           |
| C000223770 | Institutional Class | DCLIX           |

## Nport-Ex

Investment Portfolio**as of November 30, 2022 (Unaudited)** 

**DWS California Tax-Free Income Fund** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)**<br>| **Value ($)** |
| **Municipal Investments 100.2%** | **Municipal Investments 100.2%** |  |
| **California 97.2%** | **California 97.2%** |  |
| &nbsp;&nbsp;&nbsp; Anaheim, CA, Other General Obligation Lease, Public Financing Authority, Public <br> Improvements Project, Series A, 6.0%, 9/1/2024, INS: AGMC<br>| 1700000 | 1766324 |
| &nbsp;&nbsp;&nbsp; California, Bay Area Water Supply & Conservation Agency, Capital Cost Recovery <br> Preparation:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2029 (a) | 500000 | 564179 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2030 (a) | 515000 | 589478 |
| &nbsp;&nbsp;&nbsp; California, ABAG Finance Authority For Nonprofit Corp., Sharp Healthcare, Series A, <br> 1.53% (b), 12/7/2022, LOC: Bank of America NA<br>| 100000 | 100000 |
| California, Alameda Corridor Transportation Authority, 5.0%, 10/1/2052, INS: AGMC | 2000000 | 2103705 |
| &nbsp;&nbsp;&nbsp; California, Bay Area Toll Authority, Toll Bridge Revenue, San Francisco Bay Area, <br> Series S-7, 4.0%, 4/1/2033<br>| 1000000 | 1043142 |
| &nbsp;&nbsp;&nbsp; California, Bay Area Toll Authority, Toll Bridge Revenue, San Francisco Bay Area, <br> Subordinate Toll Bridge, Series S-7, 4.0%, 4/1/2037<br>| 6500000 | 6636938 |
| &nbsp;&nbsp;&nbsp; California, Community Choice Financing Authority, Clean Energy Project Revenue, <br> Series B-1, 4.0% (c), 2/1/2052, GTY: Morgan Stanley<br>| 5000000 | 4936528 |
| &nbsp;&nbsp;&nbsp; California, Community Housing Agency, Essential Housing Revenue, Verdant at Green <br> Valley Project, Series A, 144A, 5.0%, 8/1/2049<br>| 2425000 | 2130427 |
| California, County Tobacco Securitization Agency, Tobacco Settlement Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B-2, Zero Coupon, 6/1/2055 | 13415000 | &nbsp;&nbsp;&nbsp; 2553885 |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.0%, 6/1/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 785290 |
| &nbsp;&nbsp;&nbsp; California, County Tobacco Securitization Agency, Tobacco Settlement Revenue, <br> Merced County Tobacco Funding Corp., Series B, 5.0%, 6/1/2050<br>| &nbsp;&nbsp; 1870000 | &nbsp;&nbsp;&nbsp; 1831680 |
| &nbsp;&nbsp;&nbsp; California, CSCDA Community Improvement Authority, Essential Housing Revenue, <br> Series A, 144A, 5.0%, 7/1/2051<br>| &nbsp;&nbsp; 9175000 | &nbsp;&nbsp;&nbsp; 8285795 |
| &nbsp;&nbsp;&nbsp; California, Department of Veterans Affairs, Veteran's Farm Home Purchase Program, <br> Series A, 5.5%, 12/1/2052<br>| &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1070684 |
| &nbsp;&nbsp;&nbsp; California, EL Dorado Irrigation District Revenue, Series C, Prerefunded, 5.0%, <br> 3/1/2032<br>| &nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp; 2958493 |
| California, Etiwanda School District, Election of 2016, Series A, 4.0%, 8/1/2049 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; 2425357 |
| &nbsp;&nbsp;&nbsp; California, Federal Home Loan Mortgage Corp., Multi-Family Variable Rate <br> Certificates:<br>|  |  |
| &nbsp;&nbsp;&nbsp; "A", Series M-054, 2.35%, 12/15/2035 | &nbsp;&nbsp; 9490000 | &nbsp;&nbsp;&nbsp; 7533818 |
| &nbsp;&nbsp;&nbsp; Series M-049, 3.05%, 4/15/2034 | &nbsp;&nbsp; 2255000 | &nbsp;&nbsp;&nbsp; 1948651 |
| &nbsp;&nbsp;&nbsp; "A", Series ML-05, 3.35%, 11/25/2033, GTY: Freddie Mac | &nbsp;&nbsp; 2928362 | &nbsp;&nbsp;&nbsp; 2746850 |
| &nbsp;&nbsp;&nbsp; California, Folsom Ranch Financing Authority, Special Tax Revenue, Community <br> Facility District No. 20, 5.0%, 9/1/2048<br>| &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1017101 |
| California, Foothill-Eastern Transportation Corridor Agency, Toll Road Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B-2, 3.5%, 1/15/2053 | &nbsp;&nbsp; 1070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 867815 |
| &nbsp;&nbsp;&nbsp; Series C, 4.0%, 1/15/2043 | 12780000 | &nbsp;&nbsp; 11870835 |
| California, Golden State Tobacco Securitization Corp., Tobacco Settlement Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B-2, Zero Coupon, 6/1/2066 | &nbsp;&nbsp; 6105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 657280 |
| &nbsp;&nbsp;&nbsp; Series A, Prerefunded, 5.0%, 6/1/2040 | &nbsp;&nbsp; 2245000 | &nbsp;&nbsp;&nbsp; 2383925 |
| &nbsp;&nbsp;&nbsp; California, Grossmont-Cuyamaca Community College District, Election of 2012, <br> Series A, Prerefunded, 5.25%, 8/1/2033<br>| &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 4074377 |
| California, Housing Finance Agency, Municipal Certificates: |  |  |
| &nbsp;&nbsp;&nbsp; "A", 3.25%, 8/20/2036 | &nbsp;&nbsp; 2762764 | &nbsp;&nbsp;&nbsp; 2387624 |
| &nbsp;&nbsp;&nbsp; "A", Series 2021-1, 3.5%, 11/20/2035 | &nbsp;&nbsp; 2926999 | &nbsp;&nbsp;&nbsp; 2641472 |
| &nbsp;&nbsp;&nbsp; "A", Series 2021-2, 3.75%, 3/25/2035 | &nbsp;&nbsp; 5915409 | &nbsp;&nbsp;&nbsp; 5810324 |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 1/15/2035 | &nbsp;&nbsp; 2114334 | &nbsp;&nbsp;&nbsp; 2053961 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; California, Lancaster Financing Authority, Measure M & R STR Import Project, 4.0%, <br> 6/1/2044<br>| 1755000 | 1717108 |
| California, Mount Diablo Unified School District, Series B, 4.0%, 8/1/2035 | 2000000 | 2069965 |
| &nbsp;&nbsp;&nbsp; California, M-S-R Energy Authority, Series A, 7.0%, 11/1/2034, GTY: Citigroup Global <br> Markets<br>| 6820000 | 8439162 |
| &nbsp;&nbsp;&nbsp; California, Municipal Finance Authority, Community Facilities District No. 2021-11, <br> 5.0%, 9/1/2057<br>| 3000000 | 3000802 |
| &nbsp;&nbsp;&nbsp; California, Municipal Finance Authority, HumanGood Obligated Group, 4.0%, <br> 10/1/2049<br>| 2700000 | 2467039 |
| &nbsp;&nbsp;&nbsp; California, Municipal Finance Authority, Multi-Family Housing, Series A, 144A, 4.0%, <br> 11/1/2036<br>| 3500000 | 3151236 |
| &nbsp;&nbsp;&nbsp; California, Municipal Finance Authority, Waste Disposal Revenue, Series A, AMT, <br> 4.125% (c), 10/1/2041, GTY:Waste Management Holdings<br>| 480000 | 478266 |
| &nbsp;&nbsp;&nbsp; California, Public Finance Authority Revenue, Sharp Healthcare Obligated Group, <br> Series C, 0.55% (b), 12/1/2022, LOC: Barclays Bank PLC<br>| 2600000 | 2600000 |
| &nbsp;&nbsp;&nbsp; California, Public Finance Authority, Educational Facilities Revenue, Trinity Classical <br> Academy:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 7/1/2044 | 375000 | 336617 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 7/1/2054 | 1000000 | 861800 |
| &nbsp;&nbsp;&nbsp; California, River Islands Public Financing Authority, Special Tax, Community Facilities <br> District No. 2003-1, Public Improvements, 5.0%, 9/1/2052<br>| 2000000 | 1964737 |
| &nbsp;&nbsp;&nbsp; California, River Islands Public Financing Authority, Special Tax, Community Facilities <br> District No. 2016-1, Phase 2 Public Improvements, 5.25%, 9/1/2052 (a)<br>| 500000 | 537905 |
| &nbsp;&nbsp;&nbsp; California, River Islands Public Financing Authority, Special Tax, Community Facilities <br> District No. 2019-1, Phase 2 Public Improvements:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.875%, 9/1/2049 | &nbsp;&nbsp; 1310000 | &nbsp;&nbsp;&nbsp; 1055768 |
| &nbsp;&nbsp;&nbsp; 4.0%, 9/1/2046 | &nbsp;&nbsp; 1910000 | &nbsp;&nbsp;&nbsp; 1668266 |
| &nbsp;&nbsp;&nbsp; 4.0%, 9/1/2051 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 852424 |
| &nbsp;&nbsp;&nbsp; California, School Finance Authority, Charter School Revenue, Aspire Public School <br> Obligated Group, Series A, 144A, 4.0%, 8/1/2051<br>| &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619559 |
| &nbsp;&nbsp;&nbsp; California, School Finance Authority, Charter School Revenue, Classical Academies <br> Oceanside Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 10/1/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 513284 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 10/1/2052 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 996012 |
| &nbsp;&nbsp;&nbsp; California, School Finance Authority, School Facilities Revenue, Green Dot Public <br> Schools Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 8/1/2038 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1027193 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 8/1/2048 | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp; 1751077 |
| &nbsp;&nbsp;&nbsp; California, School Finance Authority, School Facility Revenue, KIPP LA Project, <br> Series A, 144A, 5.0%, 7/1/2047<br>| &nbsp;&nbsp; 2915000 | &nbsp;&nbsp;&nbsp; 2929290 |
| &nbsp;&nbsp;&nbsp; California, South Bayside Waste Management Authority, Solid Waste Enterprise <br> Revenue:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 9/1/2040, INS: AGMC | &nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656924 |
| &nbsp;&nbsp;&nbsp; Series A, ETM, 5.0%, 9/1/2040, INS: AGMC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22598 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 9/1/2042, INS: AGMC | &nbsp;&nbsp; 1255000 | &nbsp;&nbsp;&nbsp; 1350843 |
| &nbsp;&nbsp;&nbsp; Series A, ETM, 5.0%, 9/1/2042, INS: AGMC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50845 |
| California, State Educational Facilities Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.0%, 12/1/2050 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 861682 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 12/1/2048 | &nbsp;&nbsp; 9000000 | &nbsp;&nbsp;&nbsp; 9146255 |
| &nbsp;&nbsp;&nbsp; California, State Enterprise Development Authority, Student Housing Revenue, Series A, <br> 5.0%, 8/1/2055<br>| &nbsp;&nbsp; 1175000 | &nbsp;&nbsp;&nbsp; 1149013 |
| California, State General Obligation, Various Purposes: |  |  |
| &nbsp;&nbsp;&nbsp; Series C-3, 1.35% (b), 12/7/2022, LOC: U.S. Bank NA | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 |
| &nbsp;&nbsp;&nbsp; 4.0%, 9/1/2042 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1017984 |
| &nbsp;&nbsp;&nbsp; 4.0%, 4/1/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 567958 |
| &nbsp;&nbsp;&nbsp; 4.0%, 3/1/2050 | &nbsp;&nbsp; 2150000 | &nbsp;&nbsp;&nbsp; 2157285 |
| &nbsp;&nbsp;&nbsp; Series C, 5.0%, 11/1/2042 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 4516998 |
| &nbsp;&nbsp;&nbsp; Series CU, 5.5%, 12/1/2052 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2130280 |

---

------

---

| | | |
|:---|:---|:---|
| California, State Health Facilities Financing Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2043 | 2665000 | 2704280 |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2048 | 4850000 | 4893979 |
| &nbsp;&nbsp;&nbsp; California, State Health Facilities Financing Authority Revenue, Kaiser Permanente, <br> Series A-2, 4.0%, 11/1/2051<br>| 1750000 | 1672047 |
| &nbsp;&nbsp;&nbsp; California, State Municipal Finance Authority Revenue, Barlow Respiratory Hospital, <br> Series A, 4.0%, 9/1/2050<br>| 2000000 | 1615593 |
| &nbsp;&nbsp;&nbsp; California, State Municipal Finance Authority Revenue, Emerson College, Series B, <br> 5.0%, 1/1/2035<br>| 1500000 | 1555003 |
| &nbsp;&nbsp;&nbsp; California, State Municipal Finance Authority Revenue, LAX Integrated Express <br> Solutions LLC, LINXS Apartment Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 12/31/2033 | 3000000 | 3111484 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 12/31/2043 | 3280000 | 3317580 |
| &nbsp;&nbsp;&nbsp; California, State Municipal Finance Authority Revenue, Samuel Merritt University, <br> 5.25%, 6/1/2053 (a)<br>| 3000000 | 3213114 |
| &nbsp;&nbsp;&nbsp; California, State Municipal Finance Authority, Charter School Revenue, Palmdale <br> Aeroscope Academy Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 7/1/2038 | 2050000 | 1970520 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 7/1/2049 | 1500000 | 1368526 |
| &nbsp;&nbsp;&nbsp; California, State Municipal Finance Authority, Charter School Revenue, Santa Rose <br> Academy Project, 5.0%, 7/1/2052<br>| 1250000 | 1130491 |
| &nbsp;&nbsp;&nbsp; California, State Municipal Finance Authority, Palomar Health Obligated Group, <br> Series A, 5.25%, 11/1/2052, INS: AGMC<br>| &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1056503 |
| &nbsp;&nbsp;&nbsp; California, State Pollution Control Financing Authority, Water Furnishing Revenue, San <br> Diego County Water Authority, Desalination Project Pipeline, 144A, 5.0%, <br> 11/21/2045<br>| &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 1843512 |
| &nbsp;&nbsp;&nbsp; California, State Public Finance Authority, Senior Living Revenue, ENSO Village <br> Project, Series A, 144A, 5.0%, 11/15/2056<br>| &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1222770 |
| California, State Public Works Board, Lease Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.0%, 8/1/2032 | &nbsp;&nbsp; 1095000 | &nbsp;&nbsp;&nbsp; 1290044 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 8/1/2033 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1471628 |
| &nbsp;&nbsp;&nbsp; Series C, 5.0%, 8/1/2033 | &nbsp;&nbsp; 1145000 | &nbsp;&nbsp;&nbsp; 1348011 |
| &nbsp;&nbsp;&nbsp; California, State School Finance Authority, Charter School Revenue, Bright Star Schools <br> Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 6/1/2047 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 939548 |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 6/1/2054 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 922747 |
| &nbsp;&nbsp;&nbsp; California, State School Finance Authority, Charter School Revenue, Teaching Public <br> Schools:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 6/1/2049 | &nbsp;&nbsp; 1875000 | &nbsp;&nbsp;&nbsp; 1720597 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 6/1/2058 | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp; 1253355 |
| &nbsp;&nbsp;&nbsp; California, State School Finance Authority, Educational Facilities Revenue, New <br> Designs Charter School Adams Campus Project:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 6/1/2040 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 718769 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 6/1/2050 | &nbsp;&nbsp; 1060000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975471 |
| &nbsp;&nbsp;&nbsp; California, Statewide Communities Development Authority Revenue, Emanate Health, <br> Series A, 4.0%, 4/1/2040<br>| &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 627068 |
| &nbsp;&nbsp;&nbsp; California, Statewide Communities Development Authority Revenue, Front Porch <br> Communities & Services:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.0%, 4/1/2046 | &nbsp;&nbsp; 3780000 | &nbsp;&nbsp;&nbsp; 3535540 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 4/1/2047 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1288236 |
| &nbsp;&nbsp;&nbsp; California, Statewide Communities Development Authority Revenue, Huntington <br> Memorial Hospital Project, 5.0%, 7/1/2043<br>| &nbsp;&nbsp; 1140000 | &nbsp;&nbsp;&nbsp; 1177873 |
| &nbsp;&nbsp;&nbsp; California, Statewide Communities Development Authority Revenue, John Muir Health, <br> Series A, 5.0%, 12/1/2053<br>| &nbsp;&nbsp; 4345000 | &nbsp;&nbsp;&nbsp; 4469543 |
| &nbsp;&nbsp;&nbsp; California, Statewide Communities Development Authority Revenue, Loma Linda <br> University Medical Center, Series A, 5.5%, 12/1/2054<br>| &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 4022067 |
| &nbsp;&nbsp;&nbsp; California, Statewide Communities Development Authority, Multi-Family Housing <br> Revenue, Foxwood Apartments Project, Series J, 1.53% (b), 12/7/2022, LOC: Wells <br> Fargo Bank NA<br>| &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; California, Statewide Communities Development Authority, Student Housing Revenue, <br> Irvine LLC Phase 1, 4.0%, 5/15/2046, INS: BAM<br>| 2000000 | 1912463 |
| &nbsp;&nbsp;&nbsp; California, Tobacco Securitization Authority, Tobacco Settlement Revenue, San Diego <br> County Tobacco Asset Securitization Corp., Series A, 5.0%, 6/1/2048<br>| 2800000 | 2859639 |
| &nbsp;&nbsp;&nbsp; California, West Contra Costa Unified School District, Election of 2012, Series A, <br> Prerefunded, 5.5%, 8/1/2039<br>| 5000000 | 5101146 |
| Carlsbad, CA, Unified School District, Series A, 4.0%, 5/1/2031 | 1500000 | 1578244 |
| &nbsp;&nbsp;&nbsp; Cupertino, CA, Union School District, Election of 2012, Series B, Prerefunded, 5.0%, <br> 8/1/2034<br>| 1000000 | 1041383 |
| Fontana, CA, Special Tax, The Meadows: |  |  |
| &nbsp;&nbsp;&nbsp; 4.0%, 9/1/2040 | 625000 | 584847 |
| &nbsp;&nbsp;&nbsp; 4.0%, 9/1/2045 | 750000 | 674208 |
| &nbsp;&nbsp;&nbsp; 4.0%, 9/1/2050 | 900000 | 784600 |
| &nbsp;&nbsp;&nbsp; Inglewood, CA, Redevelopment Agency Successor Tax Allocation, Merged <br> Redevelopment Project, Series A, 5.0%, 5/1/2032, INS: BAM<br>| 1000000 | 1085438 |
| Irvine, CA, Improvement Bond Act 1915, 5.0%, 9/2/2044 | 2500000 | 2635882 |
| &nbsp;&nbsp;&nbsp; Irvine, CA, Ranch Water District Revenue, Series A, 0.7% (b), 12/1/2022, LOC: U.S. <br> Bank NA<br>| 235000 | 235000 |
| &nbsp;&nbsp;&nbsp; Irvine, CA, Special Tax, Community Facilities District No. 2013-3, Improvement Area <br> No. 8, 5.0%, 9/1/2051, INS: AGMC<br>| 1200000 | 1272569 |
| Irvine, CA, Unified School District Special Tax, Community Facilities District No. 09: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 9/1/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 716288 |
| &nbsp;&nbsp;&nbsp; Series C, 5.0%, 9/1/2047 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1016888 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 9/1/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 761640 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 9/1/2051 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1010039 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 9/1/2056, INS: BAM | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5254656 |
| &nbsp;&nbsp;&nbsp; Long Beach, CA, Airport System Revenue, Series C, AMT, 5.25%, 6/1/2047, <br> INS: AGMC<br>| &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1576900 |
| Long Beach, CA, Harbor Revenue, Series D, 5.0%, 5/15/2039 | &nbsp;&nbsp; 1435000 | &nbsp;&nbsp;&nbsp; 1490200 |
| Los Angeles, CA, Community Facilities District No. 2021-01, Special Tax: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2047 | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; 1212062 |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2052 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1003331 |
| Los Angeles, CA, County Public Works Financing Authority, Lease Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series G, 5.0%, 12/1/2041 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1118802 |
| &nbsp;&nbsp;&nbsp; Series G, 5.0%, 12/1/2042 | &nbsp;&nbsp; 1390000 | &nbsp;&nbsp;&nbsp; 1552100 |
| Los Angeles, CA, Department of Airports Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.0%, 5/15/2029 | &nbsp;&nbsp; 3450000 | &nbsp;&nbsp;&nbsp; 3716452 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.0%, 5/15/2030 | &nbsp;&nbsp; 2285000 | &nbsp;&nbsp;&nbsp; 2455402 |
| Los Angeles, CA, Department of Airports Revenue, Los Angeles International Airport: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.0%, 5/15/2034 | &nbsp;&nbsp; 3335000 | &nbsp;&nbsp;&nbsp; 3462747 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.0%, 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776457 |
| &nbsp;&nbsp;&nbsp; Los Angeles, CA, Department of Water & Power Revenue, Power System, Series B, <br> 5.0%, 7/1/2033<br>| &nbsp;&nbsp; 5740000 | &nbsp;&nbsp;&nbsp; 6257016 |
| Nuveen California Quality Municipal Income Fund, 1.0% (b), 12/7/2022 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp; Orange County, CA, Community Facilities District No. 2016-1, Esencia Village, <br> Series A, 5.0%, 8/15/2041<br>| &nbsp;&nbsp; 6545000 | &nbsp;&nbsp;&nbsp; 6654461 |
| &nbsp;&nbsp;&nbsp; Rio Vista, CA, Community Facilities District, Special Tax, Series 2018-1, 5.0%, <br> 9/1/2048<br>| &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1019120 |
| Riverside County, CA, General Obligation, Series 2021 B-2, 3.0%, 6/1/2048 | &nbsp;&nbsp; 5447000 | &nbsp;&nbsp;&nbsp; 4055682 |
| Sacramento County, CA, Airport Systems Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.0%, 7/1/2029 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2131399 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.0%, 7/1/2032 | &nbsp;&nbsp; 4985000 | &nbsp;&nbsp;&nbsp; 5278335 |
| &nbsp;&nbsp;&nbsp; Sacramento County, CA, Sanitation Districts Financing Authority Revenue, Series A, <br> 5.0%, 12/1/2044<br>| &nbsp;&nbsp; 2465000 | &nbsp;&nbsp;&nbsp; 2505577 |
| &nbsp;&nbsp;&nbsp; Sacramento County, CA, Special Tax, Community Facilities District No. 2004-1, <br> McClellan Park:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2035 | &nbsp;&nbsp; 2335000 | &nbsp;&nbsp;&nbsp; 2436064 |
| &nbsp;&nbsp;&nbsp; 5.0%, 9/1/2040 | &nbsp;&nbsp; 2665000 | &nbsp;&nbsp;&nbsp; 2737224 |

---

------

---

| | | |
|:---|:---|:---|
| San Francisco City & County, CA, Airports Commission, International Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series D, AMT, 5.0%, 5/1/2048 | 3705000 | 3770545 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.5%, 5/1/2028 | 6000000 | 6047592 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County, CA, Airports Commission, International Airport Revenue, <br> Special Facility Lease- SFO Fuel Co. LLC, Series A, AMT, 5.0%, 1/1/2047<br>| 2000000 | 2041060 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County, CA, Redevelopment Agency, Mission Bay South <br> Redevelopment Project, Series A, 5.0%, 8/1/2043<br>| 2100000 | 2166797 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County, CA, Redevelopment Agency, Successor Agency Tax, <br> Mission Bay North Redevelopment Project, Series A, 5.0%, 8/1/2041, INS: NATL<br>| 2605000 | 2696184 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County, CA, Redevelopment Agency, Successor Agency Tax, <br> Transbay Infrastructure Projects, Series B, 5.0%, 8/1/2046, INS: AGMC<br>| 7000000 | 7414519 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County, CA, Special Tax District No. 2020-1, Mission Rock <br> Facilities & Services, Series A, 144A, 4.0%, 9/1/2051<br>| 500000 | 403362 |
| &nbsp;&nbsp;&nbsp; San Joaquin County, CA, Lodi Unified School District, General Obligation, Series 2020, <br> 4.0%, 8/1/2039<br>| 1250000 | 1267981 |
| San Jose, CA, Airport Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 3/1/2041 | 3000000 | 3060383 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 3/1/2047 | 10000000 | 10114233 |
| San Luis Obispo County, CA, Financing Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 9/1/2033, INS: BAM | 3625000 | 3830631 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 9/1/2034, INS: BAM | &nbsp;&nbsp; 2205000 | &nbsp;&nbsp;&nbsp; 2327103 |
| San Marcos, CA, School Financing Authority Lease Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 8/15/2034, INS: AGMC | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916562 |
| &nbsp;&nbsp;&nbsp; 5.0%, 8/15/2035, INS: AGMC | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 752181 |
| &nbsp;&nbsp;&nbsp; 5.0%, 8/15/2036, INS: AGMC | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; 1179081 |
| &nbsp;&nbsp;&nbsp; 5.0%, 8/15/2037, INS: AGMC | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp; 1496986 |
| Santa Ana, CA, Financing Authority, Police Administration & Holding Facility: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 6.25%, 7/1/2024, INS: NATL | &nbsp;&nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 451613 |
| &nbsp;&nbsp;&nbsp; Series A, ETM, 6.25%, 7/1/2024, INS: NATL | &nbsp;&nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 451805 |
| Santa Barbara County, CA, Solid Waste System Revenue, Certificates of Participation: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.0%, 12/1/2036 | &nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; 7520460 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.0%, 12/1/2038 | &nbsp;&nbsp; 4950000 | &nbsp;&nbsp;&nbsp; 5287690 |
| Santa Cruz County, CA, County General Obligation Lease, Capital Facilities Project: |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 9/1/2024, INS: NATL | &nbsp;&nbsp; 1445000 | &nbsp;&nbsp;&nbsp; 1518773 |
| &nbsp;&nbsp;&nbsp; 5.65%, 9/1/2025, INS: NATL | &nbsp;&nbsp; 1520000 | &nbsp;&nbsp;&nbsp; 1637172 |
| &nbsp;&nbsp;&nbsp; 5.65%, 9/1/2026, INS: NATL | &nbsp;&nbsp; 1605000 | &nbsp;&nbsp;&nbsp; 1770400 |
| &nbsp;&nbsp;&nbsp; Santa Monica, CA, Redevelopment Agency Tax Allocation, Earthquake Recovery <br> Redevelopment, 5.875%, 7/1/2036<br>| &nbsp;&nbsp; 2125000 | &nbsp;&nbsp;&nbsp; 2132262 |
| Southern California, Public Power Authority Revenue, APEX Power Project: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2036 | &nbsp;&nbsp; 1960000 | &nbsp;&nbsp;&nbsp; 2025514 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2038 | &nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp; 2837606 |
| &nbsp;&nbsp;&nbsp; Southern California, Public Power Authority, Magnolia Power Project, Series A-20, 0.7% <br> (b), 12/1/2022, LOC: U.S. Bank NA<br>| &nbsp;&nbsp; 1575000 | &nbsp;&nbsp;&nbsp; 1575000 |
| Stockton, CA, Public Financing Authority, Water Revenue, Green Bond: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2034, INS: BAM | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 824343 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2035, INS: BAM | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1640441 |
| Transbay Joint Powers Authority, CA, Senior Tax Allocate Bonds: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2040 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1043541 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2049 | &nbsp;&nbsp; 5540000 | &nbsp;&nbsp;&nbsp; 5634697 |
| University of California, State Revenues: |  |  |
| &nbsp;&nbsp;&nbsp; Series K, 4.0%, 5/15/2036 | &nbsp;&nbsp; 3625000 | &nbsp;&nbsp;&nbsp; 3693254 |
| &nbsp;&nbsp;&nbsp; Series BE, 4.0%, 5/15/2047 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; 2488990 |
| &nbsp;&nbsp;&nbsp; Series AV, 5.0%, 5/15/2032 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2199362 |
| &nbsp;&nbsp;&nbsp; Series AV, 5.0%, 5/15/2034 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1090391 |
| Vacaville, CA, Unified School District, Series D, 4.0%, 8/1/2045 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; 2466463 |
| Yuba, CA, Community College District, Series A, 4.0%, 8/1/2033 | &nbsp;&nbsp; 6915000 | &nbsp;&nbsp;&nbsp; 7134456 |
|  |  | **391351706** |

---

------

---

| | | |
|:---|:---|:---|
| **Guam 1.0%** | **Guam 1.0%** |  |
| Guam, Government Waterworks Authority, Water & Wastewater System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 1/1/2046  | 1055000 | 1060173 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 1/1/2050  | 360000 | 361683 |
| Guam, Power Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2037  | 1050000 | 1079262 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2038  | 960000 | 984750 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2040  | 665000 | 678955 |
|  |  | **4164823** |
| **Puerto Rico 1.3%** | **Puerto Rico 1.3%** |  |
| Puerto Rico, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2041  | 830269 | 667310 |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2046  | 1030435 | 795855 |
| &nbsp;&nbsp;&nbsp; Puerto Rico, Industrial Tourist Educational Medical & Environmental Control Facilities <br> Financing Authority, Hospital Auxilio Mutuo Obligated Group Project, Series 2021, <br> 5.0%, 7/1/2031<br>| 925000 | 1015017 |
| Puerto Rico, Sales Tax Financing Corp., Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Zero Coupon, 7/1/2046  | &nbsp;&nbsp; 5156000 | &nbsp;&nbsp;&nbsp; 1299441 |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.75%, 7/1/2053  | &nbsp;&nbsp; 1545000 | &nbsp;&nbsp;&nbsp; 1411673 |
|  |  | **5189296** |
| **Other 0.7%** | **Other 0.7%** |  |
| Freddie Mac Multi-Family ML Certificates: |  |  |
| &nbsp;&nbsp;&nbsp; "A-CA", Series 2020-ML08, 1.896%, 11/25/2037, GTY: Freddie Mac  | &nbsp;&nbsp; 1146115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 895234 |
| &nbsp;&nbsp;&nbsp; "A-CA", Series 2021-ML10, 2.046%, 6/25/2038  | &nbsp;&nbsp; 2413797 | &nbsp;&nbsp;&nbsp; 1818251 |
|  |  | **2713485** |
| **Total Municipal Investments** (Cost $423,959,510) | **Total Municipal Investments** (Cost $423,959,510) | **403419310** |

---

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

---

| | | |
|:---|:---|:---|
|  | **% of Net**<br> **Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $423,959,510) | 100.2 | **403419310** |
| **Other Assets and Liabilities, Net**  | &nbsp;&nbsp; (0.2) | **(688121)** |
| **Net Assets** | 100.0 | **402731189** |

---

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *When-issued security.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* *Variable rate demand notes and variable rate demand preferred shares are securities whose interest rates are reset periodically* *(usually daily mode or weekly mode) by remarketing agents based on current market levels, and are not directly set as a fixed* *spread to a reference rate. These securities may be redeemed at par by the holder through a put or tender feature, and are shown* *at their current rates as of November 30, 2022. Date shown reflects the earlier of demand date or stated maturity date.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* *Variable or floating rate security. These securities are shown at their current rate as of November 30, 2022. For securities based* *on a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain* *variable rate securities are not based on a published reference rate and spread but adjust periodically based on current market* *conditions, prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at* *the inherent rate, where applicable.* 

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

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions* <br> *exempt from registration, normally to qualified institutional buyers.*<br>|
| *AGMC: Assured Guaranty Municipal Corp.* |
| *AMT: Subject to alternative minimum tax.* |
| *BAM: Build America Mutual* |

---

------

---

| |
|:---|
| *ETM: Bonds bearing the description ETM (escrow to maturity) are collateralized usually by U.S. Treasury securities which are held* <br> *in escrow and used to pay principal and interest on bonds so designated.*<br>|
| *GTY: Guaranty Agreement* |
| *INS: Insured* |
| *LOC: Letter of Credit* |
| *NATL: National Public Finance Guarantee Corp.* |
| *Prerefunded: Bonds which are prerefunded are collateralized usually by U.S. Treasury securities which are held in escrow and used* <br> *to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.*<br>|

---

***Fair Value Measurements***

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.*

*The following is a summary of the inputs used as of November 30, 2022 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Municipal Investments (a) | $— | $403419310 | $— | $403419310 |
| **Total** | **$—** | **$403419310** | **$—** | **$403419310** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

**OBTAIN AN OPEN-END FUND PROSPECTUS**

**To obtain a summary prospectus, if available, or prospectus, download one from fundsus.dws.com, talk to your financial representative or call (800) 728-3337. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest.**

**CLOSED-END FUNDS**

Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

NO BANK GUARANTEE \| NOT FDIC INSURED \| MAY LOSE VALUE

DCATF-PH1

R-080548-2 (1/25)

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS STATE TAX-FREE INCOME SERIES

- **b. Investment Company Act file number:** 811-03657

- **c. CIK number of Registrant:** 0000714287

- **d. LEI of Registrant:** A0OY3S0CZH04WSJCJM64

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS California Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006111

- **c. LEI of Series:** DKBCOPT8QRU2FF79ZQ17

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $408748480.18

**Total Liabilities:** $5046365.34

**Net Assets:** $403702114.84

**Delayed Delivery Securities:** $4393858.35

**Cash Not Reported:** $22473.32

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -478.50000000 | **1-Year:** -11377.39000000 | **5-Year:** -61087.22000000 | **10-Year:** -88920.11000000 | **30-Year:** -29486.18000000

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

- **3-Month:** -71.64000000 | **1-Year:** -2702.63000000 | **5-Year:** -13490.01000000 | **10-Year:** -29117.15000000 | **30-Year:** -15719.12000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016816 | -4.41%               | -1.42%               | 5.26%                |
| Class ID C000016814 | -4.47%               | -1.34%               | 5.45%                |
| Class ID C000016817 | -4.31%               | -1.32%               | 5.48%                |
| Class ID C000223770 | -4.31%               | -1.32%               | 5.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-402116.72              | $-19705111.43                              |
| Month 2  | $-5014248.85             | $-1369255.34                               |
| Month 3  | $-2363372.10             | $22248078.78                               |

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4022066.80   | 1.00%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483ES5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3151235.85   | 0.78%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653JJ1<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1079262.35   | 0.27%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Cruz CA                                                         | SANTA CRUZ CNTY CA COPS                                      | CUSIP: 801820DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1770400.23   | 0.44%             | 2026-09-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XCE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1348011.13   | 0.33%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VUP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1615592.60   | 0.40%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH COPS                             | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056503.20   | 0.26%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Santa Ana Financing Authority                                                   | SANTA ANA CA FING AUTH                                       | CUSIP: 801109BH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $451804.79    | 0.11%             | 2024-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| San Marcos Schools Financing Authority                                          | SAN MARCOS CA SCH FING AUTH LEASE REVENUE                    | CUSIP: 79875YCX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1496986.26   | 0.37%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN CALIFORNIA DIVIDEND ADV                                                  | NUVEEN CALIFORNIA DIVIDEND ADV                               | CUSIP: 000000000<br>LEI: 549300ZT6V9X5U9BHR46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.12%             | 2041-06-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                 | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE   | CUSIP: 345105JJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12780000 | PA      | $11870834.63  | 2.94%             | 2043-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HHG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2488989.75   | 0.62%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Marcos Schools Financing Authority                                          | SAN MARCOS CA SCH FING AUTH LEASE REVENUE                    | CUSIP: 79875YCU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $916562.23    | 0.23%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032USK5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2704280.23   | 0.67%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                              | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10114233.00  | 2.51%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080STH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1177872.74   | 0.29%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE | CUSIP: 13016NFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $785289.74    | 0.19%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TGF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $922746.90    | 0.23%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Contra Costa Unified School District                                       | W CONTRA COSTA CA UNIF SCH DIST                              | CUSIP: 952347A28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5101146.50   | 1.26%             | 2039-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TQA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513284.20    | 0.13%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                    | CUSIP: 76827QHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1964737.00   | 0.49%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653JL6<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    665000 | PA      | $678954.83    | 0.17%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GX26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090391.10   | 0.27%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Sanitation Districts Financing Authority                      | SACRAMENTO CNTY CA SANTN DISTS FING AUTH REVENUE             | CUSIP: 786134UP9<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2505576.61   | 0.62%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                     | CALIFORNIA ST ENTERPRISE DEV AUTH STUDENT HSG REVENUE        | CUSIP: 13069BAQ9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1149013.00   | 0.28%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                              | FONTANA CA SPL TAX                                           | CUSIP: 344630WX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $584846.56    | 0.14%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Los Angeles CA Community Facilities District No 2021-01               | LOS ANGELES CNTY CA CMNTY FACS DIST #2021-01 SPL TAX         | CUSIP: 54531MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003331.30   | 0.25%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Abag Finance Authority for Nonprofit Corps                                      | ABAG CA FIN AUTH FOR NONPROFIT CORPS                         | CUSIP: 00037CNR7<br>LEI: 549300EWVCCTI6O2KU84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.02%             | 2024-08-01      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Harbor Revenue                                            | LONG BEACH CA HARBOR REVENUE                                 | CUSIP: 542424UP9<br>LEI: 549300XH3OUOL3JO1O51 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1490200.29   | 0.37%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                | FOLSOM RANCH CA FING AUTH SPL TAX REVENUE                    | CUSIP: 344414BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017100.50   | 0.25%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TNA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $619559.03    | 0.15%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Cruz CA                                                         | SANTA CRUZ CNTY CA COPS                                      | CUSIP: 801820DM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1637171.94   | 0.41%             | 2025-09-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA                                                         | SACRAMENTO CNTY CA SPL TAX                                   | CUSIP: 786153PN0<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2436064.40   | 0.60%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1411673.30   | 0.35%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179PL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9146255.40   | 2.27%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA                                                         | SACRAMENTO CNTY CA SPL TAX                                   | CUSIP: 786153PP5<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2737224.43   | 0.68%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX     | CUSIP: 79770GET9<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2696183.86   | 0.67%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Department of Veterans Affairs Veteran's Farm & Home Purchase Program           | CALIFORNIA ST DEPT OF VETERANS AFFAIRS HOME PURCHASE REVENUE | CUSIP: 130658ST5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070684.50   | 0.27%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063D2G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4516997.60   | 1.12%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SSE5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1288236.38   | 0.32%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Water Supply & Conservation Agency                                     | BAY AREA CA WTR SPLY & CONSV AGY                             | CUSIP: 072031BX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $589477.60    | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                         | Freddie Mac Multifamily ML Certificates                      | CUSIP: 35833JAJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   2413797 | PA      | $1818250.81   | 0.45%             | 2038-06-25      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GW84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2199362.20   | 0.54%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | CALIFORNIA PUBLIC FIN AUTH EDUCTNL FACS REVENUE              | CUSIP: 13057KAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $336617.10    | 0.08%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | SACRAMENTO CNTY CA ARPT SYS REVENUE                          | CUSIP: 786107RN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2131399.00   | 0.53%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vacaville Unified School District                                               | VACAVILLE CA UNIF SCH DIST                                   | CUSIP: 918608UF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2466463.50   | 0.61%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAJ4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2762763 | PA      | $2387623.80   | 0.59%             | 2036-08-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SYW8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    650000 | PA      | $627068.07    | 0.16%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lodi Unified School District/CA                                                 | LODI CA UNIF SCH DIST                                        | CUSIP: 540261LW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267981.50   | 0.31%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063BCW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.22%             | 2033-05-01      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| South Bayside Waste Management Authority                                        | S BAYSIDE CA WST MGMT AUTH SOL WST ENTERPRISE REVENUE        | CUSIP: 83646ACJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1350842.84   | 0.33%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                             | LOS ANGELES CNTY CA PUBLIC WKS FING AUTH LEASE REVENUE       | CUSIP: 54473EXL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118802.20   | 0.28%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH CHARTER SCH REVENUE              | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1970520.27   | 0.49%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032USL3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4850000 | PA      | $4893979.32   | 1.21%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024VH2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043141.70   | 0.26%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                      | SAN LUIS OBISPO CNTY CA FING AUTH REVENUE                    | CUSIP: 798693DR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2327102.76   | 0.58%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UMQ8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1672046.95   | 0.41%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | CALIFORNIA PUBLIC FIN AUTH EDUCTNL FACS REVENUE              | CUSIP: 13057KAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $861800.00    | 0.21%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                  | IRVINE CA UNIF SCH DIST SPL TAX                              | CUSIP: 463612KA8<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010038.80   | 0.25%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CALIFORNIA ST PUBLIC PWR AUTH                          | CUSIP: 842475M85<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1575000.00   | 0.39%             | 2036-07-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                    | LONG BEACH CA ARPT REVENUE                                   | CUSIP: 542403DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1576900.35   | 0.39%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX     | CUSIP: 79770GGJ9<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7414519.00   | 1.84%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML08 TRUST                                                           | Freddie Mac Multifamily ML Certificates                      | CUSIP: 30318LAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   1146115 | PA      | $895234.12    | 0.22%             | 2037-11-25      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                          | M-S-R CA ENERGY AUTH GAS REVENUE                             | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   6820000 | PA      | $8439162.12   | 2.09%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PHP9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2837606.20   | 0.70%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DP51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $567958.45    | 0.14%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stockton Public Financing Authority                                             | STOCKTON CA PUBLIC FING AUTH WTR REVENUE                     | CUSIP: 861398CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1640441.25   | 0.41%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE | CUSIP: 13016NJB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13415000 | PA      | $2553884.65   | 0.63%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2926999 | PA      | $2641471.81   | 0.65%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    480000 | PA      | $478266.24    | 0.12%             | 2041-10-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1060172.77   | 0.26%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                  | IRVINE CA UNIF SCH DIST SPL TAX                              | CUSIP: 463612KV2<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016888.10   | 0.25%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                               | IRVINE CA SPL TAX                                            | CUSIP: 46360TFX6<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1272568.80   | 0.32%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBT4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3111484.20   | 0.77%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                      | RIVERSIDE CNTY CA TRANSPRTN COMMISSION TOLL REVENUE          | CUSIP: 76912DBD9<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   5447000 | PA      | $4055681.51   | 1.00%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445FA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2455402.05   | 0.61%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1751076.95   | 0.43%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Barbara CA                                                      | SANTA BARBARA CNTY CA SOLID WASTE SYS REVENUE COPS           | CUSIP: 80136PCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7520460.50   | 1.86%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS REVENUE              | CUSIP: 130591BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $975471.25    | 0.24%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE  | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1843512.20   | 0.46%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Bayside Waste Management Authority                                        | S BAYSIDE CA WST MGMT AUTH SOL WST ENTERPRISE REVENUE        | CUSIP: 83646ACH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $656924.49    | 0.16%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1222769.70   | 0.30%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DRM3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3705000 | PA      | $3770544.78   | 0.93%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VF37<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3213114.30   | 0.80%             | 2053-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA ST STWD CMNTYS DEV AUTH MF                        | CUSIP: 13077VRC8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.05%             | 2029-09-01      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                              | FONTANA CA SPL TAX                                           | CUSIP: 344630WZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $784599.84    | 0.19%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                            | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $361682.75    | 0.09%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                    | CUSIP: 76827QEN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1668266.39   | 0.41%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5915409 | PA      | $5810323.64   | 1.44%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Grossmont-Cuyamaca Community College District                                   | GROSSMONT-CUYAMACA CA CMNTY CLG DIST                         | CUSIP: 399267FM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4074376.80   | 1.01%             | 2033-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058THL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1720597.50   | 0.43%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                              | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3060383.40   | 0.76%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                                                  | California Municipal Finance Authority                       | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3280000 | PA      | $3317579.62   | 0.82%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Special Tax District No 2020-1                | SAN FRANCISCO CA CITY & CNTY DCNTY DEV SPL TAX DIST NO       | CUSIP: 79771HAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $403361.80    | 0.10%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Cruz CA                                                         | SANTA CRUZ CNTY CA COPS                                      | CUSIP: 801820DL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1518772.89   | 0.38%             | 2024-09-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                       | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869JS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2103705.20   | 0.52%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024VM1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6636938.10   | 1.64%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Marcos Schools Financing Authority                                          | SAN MARCOS CA SCH FING AUTH LEASE REVENUE                    | CUSIP: 79875YCV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $752180.73    | 0.19%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton Public Financing Authority                                             | STOCKTON CA PUBLIC FING AUTH WTR REVENUE                     | CUSIP: 861398BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $824343.23    | 0.20%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SC77<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3535540.22   | 0.88%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rio Vista Community Facilities District                                         | RIO VISTA CA CMNTY FACS DIST SPL TAX                         | CUSIP: 767236BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019120.40   | 0.25%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027192.90   | 0.25%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TEW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2915000 | PA      | $2929290.20   | 0.73%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Barbara CA                                                      | SANTA BARBARA CNTY CA SOLID WASTE SYS REVENUE COPS           | CUSIP: 80136PCX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $5287690.49   | 1.31%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445BY4<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3462746.51   | 0.86%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    830269 | PA      | $667309.45    | 0.17%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PHM6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2025513.78   | 0.50%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9175000 | PA      | $8285794.78   | 2.05%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TQB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996011.70    | 0.25%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.64%             | 2052-08-01      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                      | SAN LUIS OBISPO CNTY CA FING AUTH REVENUE                    | CUSIP: 798693DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3830631.39   | 0.95%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445BZ1<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    750000 | PA      | $776456.70    | 0.19%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444952J2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5740000 | PA      | $6257016.15   | 1.55%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                              | ANAHEIM CA PUBLIC FING AUTH LEASE REVENUE                    | CUSIP: 03255LAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1766324.14   | 0.44%             | 2024-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                    | CUSIP: 76827QEP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1055767.65   | 0.26%             | 2049-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1030435 | PA      | $795854.51    | 0.20%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC | CUSIP: 74527EFM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1015017.39   | 0.25%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GQ81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3693253.68   | 0.91%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TGE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939547.50    | 0.23%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA ST STWD CMNTYS DEVAUTH STUDENT HSG REVENUE        | CUSIP: 13078RJC5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1912462.60   | 0.47%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445EZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3716451.78   | 0.92%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                        | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6105000 | PA      | $657279.56    | 0.16%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VXK9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2467039.41   | 0.61%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency               | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX     | CUSIP: 79770GAW6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2166796.80   | 0.54%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                 | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1831679.59   | 0.45%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5156000 | PA      | $1299441.42   | 0.32%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2114334 | PA      | $2053961.12   | 0.51%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                        | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122NA28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2383925.09   | 0.59%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1290044.03   | 0.32%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DNT2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041059.80   | 0.51%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Ranch Water District                                                     | IRVINE RANCH CA WTR DIST                                     | CUSIP: 4636324H9<br>LEI: 2ZRS7W19IBMY48SFBI68 | Long             | DBT              | MUN               | US        |    235000 | PA      | $235000.00    | 0.06%             | 2041-10-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653JK8<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    960000 | PA      | $984749.66    | 0.24%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                  | IRVINE CA UNIF SCH DIST SPL TAX                              | CUSIP: 463612JY8<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    700000 | PA      | $716288.02    | 0.18%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                         | TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE | CUSIP: 888804CR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2859639.16   | 0.71%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080STL8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4345000 | PA      | $4469542.91   | 1.11%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Bayside Waste Management Authority                                        | S BAYSIDE CA WST MGMT AUTH SOL WST ENTERPRISE REVENUE        | CUSIP: 83646ABW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22597.64     | 0.01%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Dorado Irrigation District                                                   | EL DORADO CA IRR DIST REVENUE                                | CUSIP: 283062CC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2958492.63   | 0.73%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                 | TRANSBAY JT POWERS AUTH CA                                   | CUSIP: 89356CAU0<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5634696.88   | 1.40%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                 | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE   | CUSIP: 345105GU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $867814.94    | 0.21%             | 2053-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DUT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2157284.63   | 0.53%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Bayside Waste Management Authority                                        | S BAYSIDE CA WST MGMT AUTH SOL WST ENTERPRISE REVENUE        | CUSIP: 83646ABX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $50844.68     | 0.01%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Los Angeles CA Community Facilities District No 2021-01               | LOS ANGELES CNTY CA CMNTY FACS DIST #2021-01 SPL TAX         | CUSIP: 54531MAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1212062.28   | 0.30%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Guam                                                          | GUAM PORT AUTH PORT REVENUE                                  | CUSIP: 400652AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $510464.30    | 0.13%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica Redevelopment Agency                                               | SANTA MONICA CA REDEV AGY                                    | CUSIP: 802447FC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2132262.40   | 0.53%             | 2036-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Inglewood Redevelopment Agency Successor Agency                                 | INGLEWOOD CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION          | CUSIP: 34637QAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085438.50   | 0.27%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DET2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6047592.00   | 1.50%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Carlsbad Unified School District                                                | CARLSBAD CA UNIF SCH DIST                                    | CUSIP: 142665EV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578243.75   | 0.39%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                             | LOS ANGELES CNTY CA PUBLIC WKS FING AUTH LEASE REVENUE       | CUSIP: 54473EXM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1552100.41   | 0.38%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Etiwanda School District                                                        | ETIWANDA CA SCH DIST                                         | CUSIP: 297667BP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2425356.75   | 0.60%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                               | IRVINE CA IMPT BOND ACT 1915                                 | CUSIP: 46360RF28<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2635882.50   | 0.65%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH CHRT SCH LEASE REVENUE           | CUSIP: 130486BE2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1130490.75   | 0.28%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                              | FEDERAL HOME LOAN MTGE CORP VA MF VARIABLE RATE CTFS         | CUSIP: 31350ACJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $1948651.03   | 0.48%             | 2034-04-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                              | FEDERAL HOME LOAN MTGE CORP VA MF VARIABLE RATE CTFS         | CUSIP: 31350ACU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9490000 | PA      | $7533817.76   | 1.87%             | 2035-12-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Mount Diablo Unified School District/CA                                         | MOUNT DIABLO CA UNIF SCH DIST                                | CUSIP: 621196N83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069965.40   | 0.51%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                              | FONTANA CA SPL TAX                                           | CUSIP: 344630WY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $674208.38    | 0.17%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | SACRAMENTO CNTY CA ARPT SYS REVENUE                          | CUSIP: 786107RR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4985000 | PA      | $5278335.35   | 1.31%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                  | IRVINE CA UNIF SCH DIST SPL TAX                              | CUSIP: 463612LR0<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    750000 | PA      | $761639.85    | 0.19%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                 | TRANSBAY JT POWERS AUTH CA                                   | CUSIP: 89356CAS5<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043541.50   | 0.26%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                     | ORANGE CNTY CA CMNTY FACS DIST                               | CUSIP: 68423PWZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6545000 | PA      | $6654460.54   | 1.65%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Financing Authority                                                   | LANCASTER CA FING AUTH REVENUE                               | CUSIP: 51378CAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1717108.50   | 0.43%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS REVENUE              | CUSIP: 130591BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $718768.58    | 0.18%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH SPL TAX REVENUE                  | CUSIP: 13051AEK0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000801.90   | 0.74%             | 2057-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4936528.00   | 1.22%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048T6F5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555002.60   | 0.39%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuba Community College District                                                 | YUBA CA CMNTY CLG DIST                                       | CUSIP: 988176HM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6915000 | PA      | $7134455.82   | 1.77%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179UM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $861682.20    | 0.21%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Ana Financing Authority                                                   | SANTA ANA CA FING AUTH                                       | CUSIP: 801109BP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $451612.87    | 0.11%             | 2024-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                                 | CUPERTINO CA UNION SCH DIST                                  | CUSIP: 231237E79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041382.70   | 0.26%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DU97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017983.80   | 0.25%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH CHARTER SCH REVENUE              | CUSIP: 13048DCQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1368525.60   | 0.34%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                    | CUSIP: 76827QFZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $852424.30    | 0.21%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DZ43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2130280.00   | 0.53%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bay Area Water Supply & Conservation Agency                                     | BAY AREA CA WTR SPLY & CONSV AGY                             | CUSIP: 072031BW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $564178.60    | 0.14%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE               | CUSIP: 13013FAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2130427.01   | 0.53%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1471627.88   | 0.36%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058THM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1253354.90   | 0.31%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                  | IRVINE CA UNIF SCH DIST SPL TAX                              | CUSIP: 463612MJ7<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5254656.50   | 1.30%             | 2056-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Marcos Schools Financing Authority                                          | SAN MARCOS CA SCH FING AUTH LEASE REVENUE                    | CUSIP: 79875YCW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1179080.54   | 0.29%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2019-ML05 TRUST                                                           | Freddie Mac Multifamily ML Certificates                      | CUSIP: 30309HAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   2928362 | PA      | $2746849.86   | 0.68%             | 2033-11-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-28

**Name of Applicant:** DEUTSCHE DWS STATE TAX-FREE INCOME SERIES

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer