# EDGAR Filing Document

**Accession Number:** 0001911795
**File Stem:** 0001911795-23-000007
**Filing Date:** 2023-3
**Character Count:** 51959
**Document Hash:** 7fad6eeaa208ba3ca77cf272f022e864
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001911795-23-000007.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001911795-23-000007

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO California Flexible Municipal Income Fund
- **CENTRAL INDEX KEY:** 0001911795
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23781
- **FILM NUMBER:** 23688815

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 844-312-2113

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO California Flexible Municipal Income Fund

- **b. Investment Company Act file number:** 811-23781

- **c. CIK number of Registrant:** 0001911795

- **d. LEI of Registrant:** 549300OTV3LKH8WMXP44

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 312-2113

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

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $47410758.60

**Total Liabilities:** $680722.73

**Net Assets:** $46730035.87

**Cash Not Reported:** $320285.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 186.360500 | **1-Year:** 642.524600 | **5-Year:** 6320.017900 | **10-Year:** 17691.432800 | **30-Year:** 1390.778100

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

- **3-Month:** 0.000000 | **1-Year:** 60.717300 | **5-Year:** 1878.507700 | **10-Year:** 4493.137200 | **30-Year:** 366.606900

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.27%               | 4.42%                | 0.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-147800.01              | $-324513.16                                |
| Month 2  | $22645.82                | $1650617.49                                |
| Month 3  | $12606.75                | $-173543.80                                |

**Designated Index Information**

- **Index Name:** 60% ICE 22y+ California and Puerto Rico Municipal Index, 40% Bloomberg Municipal Bond High Yield Total Return Unhedged USD Index

- **Index Identifier:** U5C0, LMHYTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BIG BEAR LAKE CITY OF                                                        | BIG BEAR LAKE CA INDL REVENUE BBLDEV 12/28 ADJUSTABLE VAR   | CUSIP: 08901KAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 1.60%             | 2028-12-01      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                               | BLACK BELT ENERGY GAS DIST AL BBEUTL 02/53 ADJUSTABLE VAR   | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260741.93    | 0.56%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY                               | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/55 FIXED 5          | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $130393.08    | 0.28%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORPORATION                                               | BUILD NYC RESOURCE CORP NY REV BUIGEN 06/32 FIXED 5         | CUSIP: 12008ETH9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199545.36    | 0.43%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORPORATION                                               | BUILD NYC RESOURCE CORP NY REV BUIGEN 12/50 FIXED OID 5.625 | CUSIP: 12008EPK6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94160.28     | 0.20%             | 2050-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                              | CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/52 ADJUSTABLE VAR  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $246172.10    | 0.53%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                              | CALIFORNIA CMNTY CHOICE FING A CCEDEV 12/53 ADJUSTABLE VAR  | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $521339.75    | 1.12%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY COLLEGE FINANCING AUTHORITY                             | CALIFORNIA ST CMNTY CLG FING A CASHGR 06/27 FIXED 5         | CUSIP: 13012EW53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $280551.00    | 0.60%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                              | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/29 FIXED 5         | CUSIP: 13016NEM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $328259.09    | 0.70%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                              | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/50 FIXED 5         | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494093.55    | 1.06%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 03/40 ADJUSTABLE VAR  | CUSIP: 13032UG93<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $543872.90    | 1.16%             | 2040-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 08/40 FIXED 4         | CUSIP: 13032UA81<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501226.90    | 1.07%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 08/54 ADJUSTABLE VAR  | CUSIP: 13032UYT9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499386.35    | 1.07%             | 2054-08-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 10/38 FIXED 5         | CUSIP: 13032UUT3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508309.05    | 1.09%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 11/38 FIXED 4         | CUSIP: 13032UMM7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503273.60    | 1.08%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                      | CALIFORNIA ST INFRASTRUCTURE CASDEV 01/50 ADJUSTABLE VAR    | CUSIP: 13034AV56<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    800000 | PA      | $798461.36    | 1.71%             | 2050-01-01      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH CO CASMED 11/36 FIXED 5.25      | CUSIP: 130493CK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218260.74    | 0.47%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH LE CASFIN 06/42 FIXED 5         | CUSIP: 13049UCY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050287.10   | 2.25%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                             | CALIFORNIA ST POLL CONTROL FIN CASPOL 12/28 FIXED OID 6.75  | CUSIP: 130536RF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $89307.46     | 0.19%             | 2028-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FINANCE AUTHORITY                                          | CALIFORNIA PUBLIC FIN AUTH REV CASGEN 07/38 FIXED 4         | CUSIP: 13057EFH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507166.70    | 1.09%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                             | CALIFORNIA ST CAS 09/41 FIXED 5                             | CUSIP: 13063DE53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108669.60   | 2.37%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE UNIVERSITY                                                  | CALIFORNIA ST UNIV REVENUE CASHGR 11/43 FIXED OID 4         | CUSIP: 13077CX41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491989.70    | 1.05%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 03/34 FIXED OID 4.125 | CUSIP: 13080SJN5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    485000 | PA      | $492080.56    | 1.05%             | 2034-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/56 FIXED 5.25      | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247863.80    | 0.53%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHANDLER INDUSTRIAL DEVELOPMEN                                               | CHANDLER AZ INDL DEV AUTH INDL CHADEV 09/52 ADJUSTABLE VAR  | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260991.48    | 0.56%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINO VALLEY UNIFIED SCHOOL DISTRICT                                         | CHINO VY UNI SCH DIST CALIF 08/39 0                         | CUSIP: 169583JP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $189261.26    | 0.41%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF SAN FRANCISCO CA                                            | SAN FRANCISCO CITY   CNTY CA C SFOCTF 04/36 FIXED 4         | CUSIP: 79765DX96<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007789.50   | 2.16%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS HOUSING FINANCE CORPORATION                                   | DALLAS TX HSG FIN CORP RSDL DE DALHSG 12/62 FIXED OID 6     | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247402.43    | 0.53%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                   | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/30 FIXED 5         | CUSIP: 544445GN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538122.95    | 1.15%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                   | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/37 FIXED 5         | CUSIP: 544445PP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $276204.75    | 0.59%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                   | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/38 FIXED 5         | CUSIP: 544445RC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055421.10   | 2.26%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF RENO NV                                                              | RENO NV SALES TAX REVENUE RENGEN 07/58 ZEROCPNOID 0         | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $117899.80    | 0.25%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITY OF RIVERSIDE CA ELECTRIC REVENUE                                        | RIVERSIDE CA ELEC REVENUE RIVPWR 10/29 ADJUSTABLE VAR       | CUSIP: 768874PS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.21%             | 2029-10-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| CITY OF RIVERSIDE CA WATER REVENUE                                           | RIVERSIDE CA WTR REVENUE RIVWTR 10/47 FIXED 5               | CUSIP: 769076WC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $826894.73    | 1.77%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN FRANCISCO CA PUBLIC UTILITIES COMMISSION WATER REVENUE           | SAN FRANCISCO CITY   CNTY CA P SFOWTR 11/50 FIXED 5         | CUSIP: 79765R5J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214272.08    | 0.46%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOVIS UNIFIED SCHOOL DISTRICT                                               | CLOVIS CA UNIF SCH DIST CVSSCD 08/41 FIXED 5.25             | CUSIP: 189342Q35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555951.85    | 1.19%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY                                                  | CMFA SPL FIN AGY CA ESSENTIAL CMFHSG 08/45 FIXED 4          | CUSIP: 12574WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $315948.00    | 0.68%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY VII                                              | CMFA SPL FIN AGY VII CA ESSENT CMFHSG 08/47 FIXED 4         | CUSIP: 12574UAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $187191.20    | 0.40%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY VIII                                             | CMFA SPL FIN AGY VIII CA ESSEN CMFHSG 08/47 FIXED 4         | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $192523.88    | 0.41%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO INTERNATIONAL CENTER METROPOLITAN DISTRICT NO 7                     | COLORADO INTL CTR MET DIST NO CICDEV 12/51 INT APROID VAR   | CUSIP: 19650TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $258252.10    | 0.55%             | 2051-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                                     | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR                  | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | EP               | CORP              | US        |    250000 | NS      | $205820.00    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTY OF SACRAMENTO CA                                                      | SACRAMENTO CNTY CA SPL TAX SACGEN 09/36 FIXED 5             | CUSIP: 786153RR9<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |    270000 | PA      | $278799.71    | 0.60%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SACRAMENTO CA                                                      | SACRAMENTO CNTY CA SPL TAX SACGEN 09/47 FIXED 5             | CUSIP: 786153RU2<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97446.51     | 0.21%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 02/57 FIXED 4         | CUSIP: 126292AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $177496.38    | 0.38%             | 2057-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 10/46 FIXED 3.4       | CUSIP: 126292AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $334259.82    | 0.72%             | 2046-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 10/46 FIXED 3.5       | CUSIP: 126292AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $218428.95    | 0.47%             | 2046-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 12/46 FIXED 2.65      | CUSIP: 126292AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $186906.80    | 0.40%             | 2046-12-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| DEPARTMENT OF VETERANS AFFAIRS VETERANS FARM & HOME PURCHASE PROGRAM         | CALIFORNIA ST DEPT OF VETERANS CASHSG 12/46 FIXED 4.95      | CUSIP: 130658SS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262104.25    | 0.56%             | 2046-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DOMINION WATER & SANITATION DISTRICT                                         | DOMINION WTR   SANTN DIST CO R DOMWTR 12/32 FIXED 5.25      | CUSIP: 25755AAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245448.08    | 0.53%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EAST BAY MUNICIPAL UTILITY DISTRICT WATER SYSTEM REVENUE                     | EAST BAY CA MUNI UTILITY DIST EBYWTR 06/36 FIXED 5          | CUSIP: 271014L34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1167388.40   | 2.50%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & CO                                                         | JPMORGAN CHASE + CO JR SUBORDINA 12/99 VAR                  | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    250000 | NS      | $213122.50    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| FARMS NEW KENT COMMUNITY DEVEL                                               | FARMS NEW KENT VA CMNTY DEV AU FRMDEV 03/36 FIXED 3.75      | CUSIP: 311551AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $192712.86    | 0.41%             | 2036-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK (FLHB)                                                | FED HOME LN DISCOUNT NT DISCOUNT NOT 01/23 0.00000          | CUSIP: 313384BC2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    900000 | PA      | $897391.58    | 1.92%             | 2023-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                             | PNC FINANCIAL SERVICES JR SUBORDINA 12/99 VAR               | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |    250000 | NS      | $198267.50    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| FOOTHILL/EASTERN TOLL ROAD CA                                                | FOOTHILL ESTRN TRANSPRTN CORRI FOOTRN 01/28 ZEROCPNOID 0    | CUSIP: 345105BC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $435146.95    | 0.93%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL/EASTERN TOLL ROAD CA                                                | FOOTHILL ESTRN TRANSPRTN CORRI FOOTRN 01/46 FIXED 4         | CUSIP: 345105JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926069.60    | 1.98%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY VARIABLE RATE CERTIFICATE                            | FREDDIE MAC MULTIFAMILY FRETE 2022 ML13 ACA                 | CUSIP: 3137H9JM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $430678.65    | 0.92%             | 2036-07-25      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTHORITY OF PUERTO RICO                                   | GDB DEBT RECOVERY AUTH OF CMWL PRCDEV 08/40 FIXED OID 7.5   | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    223251 | PA      | $186972.71    | 0.40%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                          | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/50 FIXED 3.85      | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $221520.13    | 0.47%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                          | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/51 FIXED 5         | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513726.05    | 1.10%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                          | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/66 ZEROCPNOID 0    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $582377.50    | 1.25%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GROSSMONT UNION HIGH SCHOOL DISTRICT                                         | GROSSMONT CA UNION HIGH SCH DI GROSCD 08/44 ZEROCPNOID 0    | CUSIP: 399262TS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $732934.00    | 1.57%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                                    | INDIANA ST FIN AUTH EXEMPT FAC INSGEN 03/39 FIXED OID 7     | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    300000 | PA      | $225258.15    | 0.48%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INDIO FINANCE AUTHORITY                                                      | INDIO CA PUBLIC FING AUTH INDGEN 11/52 FIXED OID 4.5        | CUSIP: 45571LDS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250859.18    | 0.54%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY                                                       | IOWA ST FIN AUTH REVENUE IASGEN 01/42 FIXED OID 8           | CUSIP: 46247SCZ5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    250000 | PA      | $235414.00    | 0.50%             | 2042-01-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| IRVINE RANCH WATER DISTRICT                                                  | IRVINE RANCH CA WTR DIST IVRWTR 10/41 ADJUSTABLE VAR        | CUSIP: 4636324K2<br>LEI: 2ZRS7W19IBMY48SFBI68 | Long             | DBT              | MUN               | US        |    550000 | PA      | $550000.00    | 1.18%             | 2041-10-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH UNIFIED SCHOOL DISTRICT                                           | LONG BEACH CA UNIF SCH DIST LONSCD 08/37 ZEROCPNOID 0       | CUSIP: 542433QM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $270230.45    | 0.58%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER AND POWER                                    | LOS ANGELES CA DEPT WTR   PWR LOSUTL 07/34 ADJUSTABLE VAR   | CUSIP: 544495DF8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 1.60%             | 2034-07-01      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER AND POWER                                    | LOS ANGELES CA DEPT WTR   PWR LOSUTL 07/47 FIXED 5          | CUSIP: 544495Z72<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045405.40   | 2.24%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES UNIFIED SCHOOL DISTRICT/CA                                       | LOS ANGELES CA UNIF SCH DIST LOSSCD 07/41 FIXED 5           | CUSIP: 544647GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $553367.25    | 1.18%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTHORITY                                                       | M S R CA ENERGY AUTH GAS REVEN MSRPWR 11/39 FIXED OID 6.5   | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    330000 | PA      | $395248.85    | 0.85%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER & EXPOSITION                                               | MET PIER EXPOSITION AUTH IL MPNFAC 06/57 FIXED 5            | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $483250.45    | 1.03%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WTR DIST SOUTHN CALIF                                           | MET WTR DIST OF STHRN CA WTRWK METWTR 07/34 FIXED 5         | CUSIP: 59266TVF5<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    150000 | PA      | $178312.13    | 0.38%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WTR DIST SOUTHN CALIF                                           | MET WTR DIST OF STHRN CA WTRWK METWTR 10/34 FIXED 5         | CUSIP: 59266TUQ2<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1190291.70   | 2.55%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                      | MUNI ELEC AUTH OF GA MELPWR 07/63 FIXED 5.5                 | CUSIP: 62620HEN8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504994.65    | 1.08%             | 2063-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA                                      | MUNI ELEC AUTH OF GEORGIA MELPWR 01/49 FIXED 5              | CUSIP: 626207X25<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $491661.15    | 1.05%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN UNIFIED SCHOOL DISTRICT                                            | NEW HAVEN CA UNIF SCH DIST NWHSCD 08/30 ZEROCPNOID 0        | CUSIP: 645002WN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $155420.04    | 0.33%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION                              | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/45 FIXED OID 4.375 | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $493704.70    | 1.06%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY                                    | ALAMEDA CA CORRIDOR TRANSPRTN ALATRN 10/50 INT APROID VAR   | CUSIP: 010869JQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $475830.40    | 1.02%             | 2050-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ORANGE COUNTY COMMUNITY FACILITIES DISTRICT                                  | ORANGE CNTY CA CMNTY FACS DIST ORAFAC 08/47 FIXED 5         | CUSIP: 68423PZJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252953.40    | 0.54%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN NEIGHBORHOOD IMPROVEMENT ZONE DEVELOPMENT AUTHORITY                | ALLENTOWN PA NEIGHBORHOOD IMPT ALTDEV 05/42 FIXED 5.25      | CUSIP: 018444CA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $192696.68    | 0.41%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PERALTA COMMUNITY COLLEGE DISTRICT                                           | PERALTA CA CMNTY CLG DIST PRTHGR 08/39 FIXED 4              | CUSIP: 713575WR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247785.58    | 0.53%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY                                                     | PUBLIC FIN AUTH WI REVENUE PUBGEN 09/36 FIXED 6.5           | CUSIP: 74442PSE6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    225000 | PA      | $201701.41    | 0.43%             | 2036-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                             | PUERTO RICO CMWLTH PRC 07/29 FIXED 5.625                    | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    250000 | PA      | $256218.00    | 0.55%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                             | PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    474128 | PA      | $208023.86    | 0.45%             | 2043-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                             | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    625000 | PA      | $274218.75    | 0.59%             | 2051-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                             | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    958775 | PA      | $323586.63    | 0.69%             | 2051-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO HIGHWAY AND TRANSPORTATION AUTHORITY                             | PUERTO RICO CMWLTH HIGHWAY   T PRCTRN 07/53 INT APROID VAR  | CUSIP: 745197AC7<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |    195000 | PA      | $108225.04    | 0.23%             | 2053-07-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                       | PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0    | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   5000000 | PA      | $1238208.50   | 2.65%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIO HONDO CALIF CMNTY COLLEGE DIST                                           | RIO HONDO CA CMNTY CLG DIST RHDHGR 08/46 ZEROCPNOID 0       | CUSIP: 767121EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $316112.60    | 0.68%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS PUBLIC FINANCING AUTHORITY                                     | RIVER ISLANDS CA PUBLIC FING A RVIGEN 09/29 FIXED 5         | CUSIP: 76827QGE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $280265.98    | 0.60%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS PUBLIC FINANCING AUTHORITY                                     | RIVER ISLANDS CA PUBLIC FING A RVIGEN 09/52 FIXED OID 5.75  | CUSIP: 76827QHK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $240553.45    | 0.51%             | 2052-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA CTFS PARTN                                                 | RIVERSIDE CNTY CA TEETER OBLIG RIV 10/23 FIXED 3.7          | CUSIP: 76914CAA6<br>LEI: 254900CB5HEOBAVTY629 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502182.05    | 1.07%             | 2023-10-19      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SALINAS UNION HIGH SCHOOL DISTRICT                                           | SALINAS CA UNION HIGH SCH DIST SALEDU 06/47 FIXED OID 4.375 | CUSIP: 794897ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989672.20    | 2.12%             | 2047-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SALINAS UNION HIGH SCHOOL DISTRICT                                           | SALINAS CA UNION HIGH SCH DIST SALSCD 08/39 FIXED 5         | CUSIP: 794896FR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283411.38    | 0.61%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY                                  | SAN DIEGO CNTY CA REGL ARPT AU SDGAPT 07/46 FIXED 4         | CUSIP: 79739GNV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $442735.65    | 0.95%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO COUNTY REGIONAL TRANSPORTATION COMMISSION                          | SAN DIEGO CNTY CA REGL TRANSPR SDGTRN 04/38 ADJUSTABLE VAR  | CUSIP: 797400FH6<br>LEI: W4FR340A6EQ2SSI17B56 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 3.21%             | 2038-04-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT | SAN FRANCISCO CALIF CITY  CNTY SFOAPT 05/44 FIXED 5         | CUSIP: 79766DRH4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500045.05    | 1.07%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT | SAN FRANCISCO CALIF CITY  CNTY SFOAPT 05/49 FIXED 5         | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253272.35    | 0.54%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CALIF FING AUTH LEASE REV                                           | SAN JOSE CA FING AUTH WSTWTR R SJSUTL 11/47 FIXED 5         | CUSIP: 79816NAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112830.60   | 2.38%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN RAFAEL CITY ELEMENTARY SCHOOL DISTRICT                                   | SAN RAFAEL CA ELEM SCH DIST SRFSCD 08/47 FIXED 4            | CUSIP: 799306QE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242802.43    | 0.52%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANGER UNIFIED SCHOOL DISTRICT                                               | SANGER CA UNIF SCH DIST COPS SGREDU 06/49 FIXED 5           | CUSIP: 800860EL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030673.00   | 2.21%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS PRIVATE ACTIVITY SURFACE TRANSPORTATION CORP                           | TEXAS ST PRIV ACTIVITY BOND SU TXSTRN 06/58 FIXED 5         | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239598.33    | 0.51%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOB SECURITIZATION AUTH NORTHNCALIF                                          | TOBACCO SECURITIZATION AUTH NT TOBGEN 06/60 ZEROCPNOID 0    | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $275201.27    | 0.59%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                     | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/34 FIXED 5         | CUSIP: 888804CK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261875.90    | 0.56%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCE AUTHORITY                                         | TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/47 ZEROCPNOID 0    | CUSIP: 88880LAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $93075.88     | 0.20%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL                                                              | TOLEDO HOSPITAL/THE SECURED 11/28 5.325                     | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    150000 | PA      | $117727.50    | 0.25%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| TOWER HEALTH                                                                 | TOWER HEALTH SECURED 02/50 4.451                            | CUSIP: 891792AA1<br>LEI: 549300SLJK3XUAQHFO63 | Long             | DBT              | CORP              | US        |    125000 | PA      | $60694.88     | 0.13%             | 2050-02-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TUSCALOOSA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                           | TUSCALOOSA CNTY AL INDL DEV AU TUSDEV 05/32 FIXED 4.5       | CUSIP: 90068FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170900 | PA      | $154713.79    | 0.33%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ANGELINA & NECHES RIVER AUTHORITY                                            | ANGELINA NECHES RIVER AUTH I ANGDEV 12/45 FIXED 7.5         | CUSIP: 03469KAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $164382.23    | 0.35%             | 2045-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WILD RIVERS WATER PARK                                                       | WILD RIVERS WATER PARK SECURED 11/51 8.5                    | CUSIP: 96810LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $169515.25    | 0.36%             | 2051-11-01      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-09

**Name of Applicant:** PIMCO California Flexible Municipal Income Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer