# EDGAR Filing Document

**Accession Number:** 0000711402
**File Stem:** 0000869392-23-000356
**Filing Date:** 2023-2
**Character Count:** 265245
**Document Hash:** d0c09f38d2594c54a91c02ae0fe9489d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000356.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000869392-23-000356

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND
- **CENTRAL INDEX KEY:** 0000711402
- **IRS NUMBER:** 042786284
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03630
- **FILM NUMBER:** 23666237

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

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

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

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

## Series and Classes Contracts Data

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

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000014969 | Class A Shares  | PCTEX           |
| C000014970 | Class B Shares  | PCTBX           |
| C000014971 | Class C Shares  | PCTCX           |
| C000060520 | CLASS Y         |  |
| C000202778 | Class R6 Shares |  |

## Nport-Ex

------

---

| |
|:---|
| **Putnam California Tax Exempt Income Fund** |
| **The fund's portfolio** |
| **12/31/22 (Unaudited)** |
| **Key to holding's abbreviations** |
| ABAG — Association Of Bay Area Governments |
| AGM — Assured Guaranty Municipal Corporation |
| BAM — Build America Mutual |
| COP — Certificates of Participation |
| FCS — Farm Credit System |
| FRB — Floating Rate Bonds: The rate shown is the current interest rate at the close of the reporting period. Rates may be subject to a cap or floor. For certain securities, the rate may represent a fixed rate currently in place at the close of the reporting period. |
| G.O. Bonds — General Obligation Bonds |
| NATL — National Public Finance Guarantee Corporation |
| VRDN — Variable Rate Demand Notes, which are floating-rate securities with long-term maturities that carry coupons that reset and are payable upon demand either daily, weekly or monthly. The rate shown is the current interest rate at the close of the reporting period. Rates are set by remarketing agents and may take into consideration market supply and demand, credit quality and the current SIFMA Municipal Swap Index rate, which was 3.66% as of the close of the reporting period. |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **MUNICIPAL BONDS AND NOTES (103.1%)***<sup>(a)</sup>*** | **MUNICIPAL BONDS AND NOTES (103.1%)***<sup>(a)</sup>*** | **MUNICIPAL BONDS AND NOTES (103.1%)***<sup>(a)</sup>*** | **MUNICIPAL BONDS AND NOTES (103.1%)***<sup>(a)</sup>*** |
| | **Rating***<sup>(RAT)</sup>*** | **Principal amount** | **Value** |
| **Alaska (1.3%)** | **Alaska (1.3%)** | **Alaska (1.3%)** | **Alaska (1.3%)** |
| AK State Indl. Dev. & Export Auth. Rev. Bonds, (Tanana Chiefs Conference), Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/33 | A+/F | $1500000 | $1611881 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/1/38 | A+/F | 4270000 | 4143849 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/1/36 | A+/F | 2455000 | 2423156 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/1/34 | A+/F | 2110000 | 2117509 |
|  |  |  | **10296395** |
| **California (100.8%)** | **California (100.8%)** | **California (100.8%)** | **California (100.8%)** |
| ABAG Fin. Auth. Non-Profit Corps Insd. Sr. Living Rev. Bonds, (Odd Fellows Home of CA), Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 4/1/42 | AA- | 1000000 | 1004093 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 4/1/32 | AA- | 3000000 | 3014715 |
| Alameda, Corridor Trans. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, AGM, 5.00%, 10/1/37 | AA | 450000 | 468462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, zero %, 10/1/49 | A3 | 10000000 | 4773047 |
| Albany, Unified School Dist. G.O. Bonds, (Election 2016), Ser. B |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | Aa2 | 2000000 | 2109713 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/46 | Aa2 | 1750000 | 1705121 |
| Anaheim, Hsg. & Pub. Impt. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, 5.00%, 10/1/50 | AA- | 1400000 | 1445079 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. C, 5.00%, 10/1/45 | AA- | 2730000 | 2825223 |
| Anaheim, Pub. Fin. Auth. Rev. Bonds, Ser. C, AGM, zero %, 9/1/31 | AA | 5000000 | 3650728 |
| Bay Area Toll Auth. VRDN (San Francisco Bay Area), Ser. C, 2.91%, 4/1/53 | VMIG 1 | 7610000 | 7610000 |
| CA Cmnty. Choice Fin. Auth. Mandatory Put Bonds (12/1/27), (Clean Energy), Ser. A, 4.00%, 10/1/52 | A2 | 11600000 | 11648845 |
| CA Cmnty. Hsg. Agcy. Essential Hsg. 144A Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(The Arbors), Ser. A, 5.00%, 8/1/50 | BB-/P | 4500000 | 4001742 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Aster Apt.), Ser. A-1, 4.00%, 2/1/56 | BB+/P | 1100000 | 912133 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Fountains at Emerald Park), 3.00%, 8/1/56 | BBB/P | 7775000 | 5200753 |
| CA Hsg. Fin. Agcy. Rev. Bonds, Ser. 2, Class A, 4.00%, 3/20/33 | BBB+ | 4761928 | 4599900 |
| CA Hsg. Fin. Agcy. Muni. Certif. Rev. Bonds, Ser. 21-1, Class A, 3.50%, 11/20/35 | BBB+ | 4019411 | 3638114 |
| CA Muni. Fin. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Channing House), Ser. B, 5.00%, 5/15/47 | AA- | 6530000 | 6761240 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Eisenhower Med. Ctr.), Ser. A, 5.00%, 7/1/42 | Baa2 | 300000 | 305539 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cmnty. Med. Ctr.), Ser. A, 5.00%, 2/1/42 | A3 | 3400000 | 3494271 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Channing House), Ser. B, 5.00%, 5/15/37 | AA- | 250000 | 265497 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Channing House), Ser. B, 5.00%, 5/15/32 | AA- | 150000 | 161044 |
| CA Pub. Fin. Auth. VRDN, (Sharp Hlth. Care Oblig. Group), Ser. C, 1.95%, 8/1/52 | VMIG 1 | 2240000 | 2240000 |
| CA School Fac. Fin. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Green Dot Pub. Schools), 5.75%, 8/1/52 | BBB- | 1500000 | 1573738 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Kipp SoCal Pub. Schools), Ser. A, 5.00%, 7/1/54 | BBB | 3150000 | 3157902 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Kipp SoCal Pub. Schools), Ser. A, 5.00%, 7/1/39 | BBB | 1000000 | 1027530 |
| CA School Fac. Fin. Auth. 144A Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Granada Hills Charter High School), 5.00%, 7/1/54 | BBB | 7120000 | 7132541 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Alliance College-Ready Pub. Schools), Ser. A, 5.00%, 7/1/51 | BBB | 1570000 | 1572996 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Green Dot Pub. Schools), Ser. A, 5.00%, 8/1/48 | BBB- | 5250000 | 5225549 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Green Dot Pub. Schools), Ser. A, 5.00%, 8/1/45 | BBB- | 1500000 | 1501758 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Granada Hills Charter High School), 5.00%, 7/1/43 | BBB | 1750000 | 1764590 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Green Dot Pub. Schools), Ser. A, 5.00%, 8/1/38 | BBB- | 1000000 | 1025913 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Alliance College-Ready Pub. Schools), Ser. A, 5.00%, 7/1/36 | BBB | 1250000 | 1270300 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Alliance College-Ready Pub. Schools), Ser. A, 5.00%, 7/1/31 | BBB | 1830000 | 1880456 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Alliance College-Ready Pub. Schools), Ser. C, 5.00%, 7/1/31 | BBB | 1425000 | 1477255 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Kipp SoCal Pub. Schools Oblig. Group), Ser. A, 4.00%, 7/1/55 | BBB | 1075000 | 884713 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Kipp SoCal Pub. Schools Oblig. Group), Ser. A, 4.00%, 7/1/50 | BBB | 1140000 | 967494 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Granada Hills Charter High School Oblig. Group), 4.00%, 7/1/48 | BBB | 675000 | 568691 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Kipp SoCal Pub. Schools Oblig. Group), Ser. A, 4.00%, 7/1/40 | BBB | 800000 | 732317 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Granada Hills Charter High School Oblig. Group), 4.00%, 7/1/38 | BBB | 465000 | 422339 |
| CA School Fin. Auth. Rev. Bonds, (Kipp LA Projects), Ser. A, 5.125%, 7/1/44 | BBB | 1060000 | 1066604 |
| CA State G.O. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/1/46 | Aa2 | 1750000 | 1353030 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/1/43 | Aa2 | 500000 | 400044 |
| CA State Charter School Fin. Auth. 144A Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Hawking STEAM Charter Schools, Inc.), 5.50%, 7/1/62 | BB+ | 1000000 | 927559 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Aspire Pub. Schools Oblig. Group), Ser. A, 5.00%, 8/1/59 | BBB | 4165000 | 4032948 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Summit Pub. Schools), 5.00%, 6/1/53 | Baa3 | 2350000 | 2319411 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Classical Academy Oblig. Group), Ser. A, 5.00%, 10/1/50 | BBB- | 3000000 | 2981534 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Aspire Pub. Schools Oblig. Group), Ser. A, 5.00%, 8/1/50 | BBB | 1200000 | 1189148 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Summit Pub. Schools), 5.00%, 6/1/47 | Baa3 | 1000000 | 1000966 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Aspire Public Schools), 5.00%, 8/1/42 | BBB | 1000000 | 1007171 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Classical Academy Oblig. Group), Ser. A, 5.00%, 10/1/40 | BBB- | 215000 | 219329 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Aspire Pub. Schools Oblig. Group), Ser. A, 5.00%, 8/1/40 | BBB | 1000000 | 1011808 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Santa Clarita Valley Intl. Charter School), Ser. A, 4.00%, 6/1/61 | BB/P | 1175000 | 837112 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Vista Charter Pub. Schools Oblig. Group), Ser. A, 4.00%, 6/1/61 | BB | 3000000 | 2109884 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Santa Clarita Valley Intl. Charter School), Ser. A, 4.00%, 6/1/51 | BB/P | 650000 | 488000 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Santa Clarita Valley Intl. Charter School), Ser. A, 4.00%, 6/1/41 | BB/P | 500000 | 410309 |
| CA State Cmnty. College Fin. Auth. Rev. Bonds, (Orange Coast College Hsg.) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 5/1/43 | BB+ | 500000 | 495020 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 5/1/37 | BB+ | 1000000 | 986932 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 5/1/34 | BB+ | 800000 | 801455 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 5/1/33 | BB+ | 600000 | 603322 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 5/1/31 | BB+ | 825000 | 838040 |
| CA State Dept. of Veterans Affairs Home Purchase Rev. Bonds, Ser. A, 4.00%, 12/1/49 | AA | 2850000 | 2862131 |
| CA State Edl. Fac. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Occidental College), 5.00%, 10/1/45 | Aa3 | 425000 | 439151 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Pepperdine U.), 5.00%, 9/1/45 (Prerefunded 9/1/25) | Aa3 | 1000000 | 1063233 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Occidental College), 5.00%, 10/1/38 | Aa3 | 595000 | 620498 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of Redlands), Ser. A, 5.00%, 10/1/37 | Baa2 | 425000 | 430657 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of the Pacific), 5.00%, 11/1/36 | A2 | 500000 | 518070 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of Redlands), Ser. A, 5.00%, 10/1/35 | Baa2 | 1000000 | 1010042 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Loyola-Marymount U.), Ser. A, NATL, zero %, 10/1/28 | A2 | 355000 | 290465 |
| CA State Enterprise Dev. Auth. Student Hsg. Rev. Bonds, (Provident Group-SDSU Properties, LLC), Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/57 | Baa3 | 400000 | 390405 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/50 | Baa3 | 500000 | 497505 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | Baa3 | 400000 | 406540 |
| CA State Hlth. Fac. Fin. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Los Angeles Biomedical Research Inst.), 5.00%, 9/1/43 | Baa2 | 6155000 | 6242991 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Los Angeles Biomedical Research Inst.), 5.00%, 9/1/37 | Baa2 | 1845000 | 1895962 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cedars-Sinai Med. Ctr.), Ser. A, 4.00%, 8/15/48 | Aa3 | 10000000 | 9548108 |
| &nbsp;&nbsp;&nbsp;&nbsp;(City of Hope Oblig. Group), 4.00%, 11/15/45 | A2 | 11000000 | 9942857 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sutter Hlth. Oblig. Group), Ser. B, 4.00%, 11/15/38 | A1 | 3000000 | 3001051 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Providence St. Joseph Hlth.), Ser. A, 4.00%, 10/1/35 | A1 | 1000000 | 1005802 |
| CA State Infrastructure & Econ. Dev. Bank Mandatory Put Bonds (2/1/26), (Colburn School (The)), 1.75%, 8/1/55 | A+ | 4600000 | 4281117 |
| CA State Infrastructure & Econ. Dev. Bank Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Equitable School Revolving Fund), 5.00%, 11/1/57 | A | 5000000 | 5059974 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Equitable School Revolving Fund), 5.00%, 11/1/47 | A | 2300000 | 2369326 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Equitable School Revolving Fund), Ser. B, 5.00%, 11/1/39 | A | 600000 | 618096 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Performing Arts Center of Los Angeles Cnty.), 5.00%, 12/1/34 | A | 445000 | 494059 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Performing Arts Center of Los Angeles Cnty.), 5.00%, 12/1/33 | A | 820000 | 917155 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Performing Arts Center of Los Angeles Cnty.), 5.00%, 12/1/32 | A | 780000 | 877741 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Performing Arts Center of Los Angeles Cnty.), 5.00%, 12/1/31 | A | 745000 | 840491 |
| &nbsp;&nbsp;&nbsp;&nbsp;(CA Science Ctr. Foundation), 4.00%, 5/1/51 | A3 | 1250000 | 1141822 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Los Angeles Cnty. Museum of Natural History Foundation), 4.00%, 7/1/50 | A2 | 7125000 | 6347795 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 4.00%, 11/1/39 | A | 1360000 | 1282429 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Performing Arts Center of Los Angeles Cnty.), 4.00%, 12/1/37 | A | 505000 | 504576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 4.00%, 11/1/37 | A | 1720000 | 1652577 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Performing Arts Center of Los Angeles Cnty.), 4.00%, 12/1/36 | A | 515000 | 516268 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Performing Arts Center of Los Angeles Cnty.), 4.00%, 12/1/35 | A | 855000 | 862719 |
| CA State Infrastructure & Econ. Dev. Bank 144A Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(WFCS Holdings II, LLC), Ser. A-1, 5.00%, 1/1/56 | BB/P | 1740000 | 1294210 |
| &nbsp;&nbsp;&nbsp;&nbsp;(WFCS Holdings, LLC), 5.00%, 1/1/55 | BB-/P | 2920000 | 2180970 |
| &nbsp;&nbsp;&nbsp;&nbsp;(WFCS Holdings, LLC), 4.125%, 1/1/35 | BB-/P | 485000 | 427006 |
| CA State Muni. Fin. Auth Mobile Home Park Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Caritas Sr. Hsg. Network), Ser. A, 5.00%, 8/15/31 | A- | 600000 | 632419 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Caritas Affordable Hsg., Inc.), Ser. A, 5.00%, 8/15/30 | A- | 1000000 | 1020976 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Caritas Sr. Hsg. Network), Ser. A, 5.00%, 8/15/30 | A- | 685000 | 724295 |
| CA State Muni. Fin. Auth. COP, (Palomar Hlth.), Ser. A, AGM, 5.25%, 11/1/52 | AA | 6000000 | 6327319 |
| CA State Muni. Fin. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Town & Country Manor of the Christian & Missionary Alliance), 5.00%, 7/1/49 | AA- | 2650000 | 2827226 |
| &nbsp;&nbsp;&nbsp;&nbsp;(UCR North Dist. Phase 1 Student Hsg.), 5.00%, 5/15/49 | Baa3 | 3000000 | 2922635 |
| &nbsp;&nbsp;&nbsp;&nbsp;(HumanGood CA Oblig. Group), Ser. A, 5.00%, 10/1/44 | A-/F | 5000000 | 5135565 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Dundee Glasgow Student Hsg.), 5.00%, 5/15/43 | Baa3 | 3695000 | 3685416 |
| &nbsp;&nbsp;&nbsp;&nbsp;(CHF-Riverside I, LLC), 5.00%, 5/15/40 | Baa3 | 2000000 | 2010980 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Master's U. (The)), 5.00%, 8/1/39 | BBB- | 3390000 | 3403800 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Town & Country Manor of the Christian & Missionary Alliance), 5.00%, 7/1/39 | AA- | 1995000 | 2169110 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Master's U. (The)), 5.00%, 8/1/34 | BBB- | 1385000 | 1423272 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Congregational Homes, Inc.), 4.00%, 11/15/56 | BBB-/F | 750000 | 546434 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Congregational Homes, Inc.), 4.00%, 11/15/52 | BBB-/F | 750000 | 562830 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Orchard Park Student Hsg.), BAM, 4.00%, 5/15/46 | AA | 1375000 | 1248440 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of the Pacific), 4.00%, 11/1/44 | A2 | 1180000 | 1119344 |
| &nbsp;&nbsp;&nbsp;&nbsp;(HumanGood CA Oblig. Group), Ser. A, 4.00%, 10/1/44 | A-/F | 5000000 | 4683422 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Congregational Homes, Inc.), 4.00%, 11/15/42 | BBB-/F | 295000 | 238227 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of the Pacific), 4.00%, 11/1/42 | A2 | 1600000 | 1538209 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of the Pacific), 4.00%, 11/1/40 | A2 | 600000 | 579489 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of the Pacific), 4.00%, 11/1/39 | A2 | 585000 | 569162 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of the Pacific), 4.00%, 11/1/38 | A2 | 900000 | 882461 |
| &nbsp;&nbsp;&nbsp;&nbsp;(CHF-Davis II, LLC), BAM, 4.00%, 5/15/38 | AA | 1300000 | 1259408 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of the Pacific), 4.00%, 11/1/37 | A2 | 400000 | 396388 |
| &nbsp;&nbsp;&nbsp;&nbsp;(HumanGood CA Oblig. Group), Ser. A, 4.00%, 10/1/37 | A-/F | 6120000 | 5958999 |
| &nbsp;&nbsp;&nbsp;&nbsp;(U. of the Pacific), 4.00%, 11/1/36 | A2 | 860000 | 863390 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Orchard Park Student Hsg.), BAM, 4.00%, 5/15/35 | AA | 1295000 | 1292556 |
| &nbsp;&nbsp;&nbsp;&nbsp;(United Airlines, Inc.), 4.00%, 7/15/29 | B+ | 5000000 | 4876397 |
| &nbsp;&nbsp;&nbsp;&nbsp;(CHF-Davis II, LLC), BAM, 3.00%, 5/15/51 | AA | 9250000 | 6630447 |
| &nbsp;&nbsp;&nbsp;&nbsp;(CA Inst. of the Arts), 3.00%, 10/1/41 | Baa1 | 960000 | 718323 |
| CA State Muni. Fin. Auth. Special Tax |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(BOLD Program), Ser. A, 4.00%, 9/1/51 | BB-/P | 1500000 | 1285501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 4.00%, 9/1/50 | BB-/P | 1525000 | 1313914 |
| &nbsp;&nbsp;&nbsp;&nbsp;(BOLD Program), Ser. A, 4.00%, 9/1/46 | BB-/P | 1090000 | 960423 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 4.00%, 9/1/43 | BB-/P | 1070000 | 965321 |
| &nbsp;&nbsp;&nbsp;&nbsp;(BOLD Program), Ser. A, 4.00%, 9/1/41 | BB-/P | 660000 | 598271 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 4.00%, 9/1/35 | BB-/P | 660000 | 638822 |
| CA State Muni. Fin. Auth. Charter School Lease 144A Rev. Bonds, (Bella Mente Montessori Academy), Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 6/1/48 | Ba1 | 2300000 | 2023617 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 6/1/38 | Ba1 | 1680000 | 1570188 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 6/1/28 | Ba1 | 415000 | 411881 |
| CA State Muni. Fin. Auth. Solid Waste Disp. 144A Mandatory Put Bonds (2/3/25), (Waste Management, Inc.), Ser. A, 1.30%, 2/1/39 | A- | 1600000 | 1508462 |
| CA State Poll. Control Fin. Auth. Rev. Bonds, (San Jose Wtr. Co.), 4.75%, 11/1/46 | A | 5300000 | 5359341 |
| CA State Poll. Control Fin. Auth. 144A Rev. Bonds, (Wtr. Furnishing), 5.00%, 11/21/45 | Baa3 | 14250000 | 13870420 |
| CA State Poll. Control Fin. Auth. Solid Waste Disp. Mandatory Put Bonds (5/1/24), (Waste Management, Inc.), Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.50%, 11/1/38 | A- | 2500000 | 2445704 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.50%, 7/1/31 | A- | 1125000 | 1100567 |
| CA State Poll. Control Fin. Auth. Wtr. Furnishing 144A Rev. Bonds, (San Diego Cnty. Wtr. Auth. Desalination), 5.00%, 11/21/45 | Baa3 | 4390000 | 4160634 |
| CA State Statewide Communities Dev. Auth. Hosp. Rev. Bonds, (Methodist Hosp. of Southern CA) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 1/1/48 | BBB+ | 2000000 | 2035106 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 1/1/43 | BBB+ | 7195000 | 7367784 |
| CA State Tobacco Securitization Agcy. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 5.00%, 6/1/50 | BBB-/P | 935000 | 923955 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B-1, 5.00%, 6/1/49 | BBB+ | 785000 | 787857 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sonoma Cnty. Securitization Corp.), 5.00%, 6/1/49 | BBB- | 405000 | 406557 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Kern Cnty. Tobacco Funding Corp.), 5.00%, 6/1/40 | BBB/P | 5000000 | 5002460 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gold Country Settlement Funding Corp.), Ser. B-1, 4.00%, 6/1/49 | BBB+ | 185000 | 182769 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 4.00%, 6/1/42 | A- | 100000 | 89851 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 4.00%, 6/1/41 | A- | 100000 | 90404 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, 4.00%, 6/1/40 | A- | 400000 | 366055 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 4.00%, 6/1/40 | A- | 200000 | 183028 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sonoma Cnty. Securitization Corp.), 4.00%, 6/1/40 | A- | 325000 | 297420 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, 4.00%, 6/1/39 | A- | 300000 | 277779 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, 4.00%, 6/1/38 | A- | 275000 | 257209 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 4.00%, 6/1/38 | A- | 250000 | 233826 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sonoma Cnty. Securitization Corp.), 4.00%, 6/1/38 | A- | 800000 | 748244 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 4.00%, 6/1/37 | A- | 100000 | 94433 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 4.00%, 6/1/36 | A- | 225000 | 215509 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sonoma Cnty. Securitization Corp.), 4.00%, 6/1/36 | A- | 610000 | 584270 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 4.00%, 6/1/35 | A- | 100000 | 96948 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sonoma Cnty. Securitization Corp.), 4.00%, 6/1/35 | A- | 350000 | 339318 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Merced Cnty. Tobacco Funding Corp.), 4.00%, 6/1/34 | A- | 200000 | 196042 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sonoma Cnty. Securitization Corp.), zero %, 6/1/55 | BB/P | 7295000 | 1435347 |
| CA State U. Mandatory Put Bonds (11/1/26), Ser. B-2, 0.55%, 11/1/49 | Aa2 | 1500000 | 1313969 |
| CA State, Pub. Wks. Board Rev. Bonds, (Various Capital), Ser. B, 4.00%, 3/1/38 | Aa3 | 450000 | 453346 |
| CA Statewide Cmnty. Dev. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Front Porch Cmnty. & Svcs.), Ser. A, 5.00%, 4/1/47 | A- | 2000000 | 2056425 |
| &nbsp;&nbsp;&nbsp;&nbsp;(American Baptist Homes of the West), 5.00%, 10/1/45 | A-/F | 2550000 | 2571936 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Enloe Med. Ctr.), 5.00%, 8/15/38 (Prerefunded 2/15/26) | AA- | 2750000 | 2953744 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Enloe Med. Ctr.), 5.00%, 8/15/35 (Prerefunded 2/15/26) | AA- | 1580000 | 1697060 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Front Porch Cmnty. & Svcs.), Ser. A, 5.00%, 4/1/30 | A- | 310000 | 329105 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Viamonte Senior Living 1, Inc.), Ser. A, 4.00%, 7/1/47 | AA- | 2000000 | 1934248 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Front Porch Cmnty. & Svcs.), Ser. A, 4.00%, 4/1/47 | A- | 1625000 | 1500291 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Marin Gen. Hosp.), Ser. A, 4.00%, 8/1/45 | BBB | 2500000 | 2150911 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Viamonte Senior Living 1, Inc.), Ser. A, 4.00%, 7/1/43 | AA- | 1000000 | 984964 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Viamonte Senior Living 1, Inc.), Ser. A, 4.00%, 7/1/39 | AA- | 875000 | 875952 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Viamonte Senior Living 1, Inc.), Ser. A, 4.00%, 7/1/38 | AA- | 800000 | 804916 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Viamonte Senior Living 1, Inc.), Ser. A, 4.00%, 7/1/37 | AA- | 620000 | 626740 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Front Porch Cmnty. & Svcs. Oblig. Group), Ser. A, 3.00%, 4/1/51 | A- | 9000000 | 5997738 |
| CA Statewide Cmnty. Dev. Auth. Special Tax, (Cmnty. Fac. Dist. No. 2020-02) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/51 | BB+/P | 1170000 | 986882 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/41 | BB+/P | 500000 | 449796 |
| CA Statewide Cmnty. Dev. Auth. 144A Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Lancer Edl. Student Hsg.), Ser. A, 5.00%, 6/1/51 | BB/P | 1440000 | 1297035 |
| &nbsp;&nbsp;&nbsp;&nbsp;(CA Baptist U.), Ser. A, 5.00%, 11/1/41 | BB/P | 1535000 | 1494708 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Lancer Edl. Student Hsg.), Ser. A, 5.00%, 6/1/39 | BB/P | 475000 | 452977 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Lancer Edl. Student Hsg.), Ser. A, 5.00%, 6/1/34 | BB/P | 375000 | 367326 |
| &nbsp;&nbsp;&nbsp;&nbsp;(CA Baptist U.), Ser. A, 5.00%, 11/1/32 | BB/P | 720000 | 732913 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Lancer Edl. Student Hsg.), Ser. A, 3.00%, 6/1/29 | BB/P | 710000 | 636551 |
| Carson, Pub. Fin. Auth. Reassessment Rev. Bonds, 5.00%, 9/2/28 | BB/P | 1650000 | 1779126 |
| Centinela Valley, Union High School Dist. G.O. Bonds, Ser. C, AGM, 4.00%, 8/1/34 | AA | 5000000 | 5132556 |
| Ceres, Unified School Dist. G.O. Bonds, BAM |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/40 | AA | 1285000 | 582219 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/39 | AA | 1075000 | 515288 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/38 | AA | 1000000 | 508547 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/36 | AA | 545000 | 310746 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/34 | AA | 715000 | 454700 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/33 | AA | 250000 | 166889 |
| Chino, Cmnty. Fac. Special Tax, (Dist. No. 2003-3) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/50 | BB/P | 1265000 | 1069634 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/45 | BB/P | 500000 | 436363 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 9/1/25 | BB/P | 345000 | 336418 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 9/1/24 | BB/P | 335000 | 329254 |
| Chino, Cmnty. Fac. Special Tax Bonds, (Dist. No. 2003-3) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.375%, 9/1/52 | BB+/P | 2000000 | 2054560 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.375%, 9/1/47 | BB+/P | 1615000 | 1669066 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 9/1/42 | BB+/P | 1585000 | 1641879 |
| Chula Vista, Muni. Fin. Auth. Special Tax Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 9/1/30 | AA- | 740000 | 753218 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 9/1/29 | AA- | 2165000 | 2204618 |
| CMFA Special Fin. Agcy. I 144A Rev. Bonds, (Social Bond), Ser. A-2, 4.00%, 4/1/56 | BB/P | 3500000 | 2621226 |
| Corona-Norco, School Dist. Pub. Fin. Auth. Special Tax Bonds, (Sr. Lien), Ser. A, 5.00%, 9/1/28 (Prerefunded 9/1/23) | AA- | 275000 | 278936 |
| Coronado, Cmnty. Dev. Successor Agcy. Tax Alloc. Bonds, Ser. A, 5.00%, 9/1/33 | AA | 10610000 | 11191651 |
| CSCDA Cmnty. Impt. Auth. Rev. Bonds, (Pasadena Portfolio), Ser. A-2, 3.00%, 12/1/56 | BBB-/P | 3350000 | 2220571 |
| CSCDA Cmnty. Impt. Auth. 144A Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Pasadena Portfolio), 4.00%, 12/1/56 | BB/P | 1250000 | 889410 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Anaheim), 4.00%, 8/1/56 | BB/P | 2500000 | 1906864 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Jefferson-Anaheim), 3.125%, 8/1/56 | BB+/P | 2775000 | 1915370 |
| &nbsp;&nbsp;&nbsp;&nbsp;(City of Orange Portfolio), 3.00%, 3/1/57 | BBB-/P | 9110000 | 6062724 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Essential Hsg.), Ser. A-2, 3.00%, 2/1/57 | BBB-/P | 6800000 | 4527627 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Jefferson-Anaheim), 2.875%, 8/1/41 | BB+/P | 2265000 | 1885748 |
| Dixon, Special Tax, (Cmnty. Fac. Dist. No. 2019-1 Homestead) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/45 | BB-/P | 1000000 | 887731 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/40 | BB-/P | 400000 | 365932 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/36 | BB-/P | 175000 | 167725 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/33 | BB-/P | 425000 | 419076 |
| Dublin, Special Tax, (Cmnty. Fac. Dist. No. 2015-1) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/51 | BB/P | 865000 | 714814 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/45 | BB/P | 850000 | 730380 |
| East Bay Muni. Util. Dist. Waste Wtr. Syst. Rev. Bonds, (Green Bonds), Ser. A, 5.00%, 6/1/45 | AAA | 1130000 | 1262988 |
| Eastern CA Muni. Waste Wtr. Dist. Rev. Bonds, Ser. A, 5.00%, 7/1/45 | AA+ | 2740000 | 2896200 |
| Emeryville, Redev. Successor Agcy. Tax Alloc. Bonds, Ser. A, AGM, 5.00%, 9/1/34 | AA | 500000 | 518933 |
| Fairfield Cmnty., Fac. Special Tax, (Dist. No. 2016-1), 4.00%, 9/1/52 | BB/P | 2500000 | 2120825 |
| Federal Home Loan Mortgage Corporation Rev. Bonds, Ser. M-054, Class A, 2.35%, 12/15/35 | AA+ | 965000 | 753436 |
| Folsom Cordova, Unified School Dist. G.O. Bonds, (School Fac. Impt. Dist. No. 1), Ser. A, NATL, zero %, 10/1/25 | Aa2 | 1505000 | 1390458 |
| Folsom Ranch, Fin. Auth. Special Tax, (Cmnty. Fac. Dist. No. 19), 5.00%, 9/1/49 | BB-/P | 1000000 | 985919 |
| Fontana, Special Tax, (Cmnty. Fac. Dist. No. 85) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/50 | BB+/P | 900000 | 775425 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/45 | BB+/P | 750000 | 667699 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/40 | BB+/P | 625000 | 580995 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/36 | BB+/P | 550000 | 533734 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/32 | BB+/P | 240000 | 241181 |
| Foothill-Eastern Trans. Corridor Agcy. Rev. Bonds, (Senior Lien), Ser. A, 4.00%, 1/15/46 | A | 3250000 | 3009726 |
| Foothill/Eastern Corridor Agcy. Rev. Bonds, Ser. A, 6.00%, 1/15/53 (Prerefunded 1/15/24) | A | 8000000 | 8260738 |
| Franklin-McKinley, School Dist. G.O. Bonds, (Election 2016), Ser. B, 5.00%, 8/1/44 | Aa3 | 2825000 | 2966416 |
| Gilroy Unified School Dist. G.O. Bonds, (Election 2016) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/44 | Aa3 | 1500000 | 1462710 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/40 | Aa3 | 350000 | 346820 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/39 | Aa3 | 350000 | 350385 |
| Golden State Tobacco Securitization Corp. Rev. Bonds, Ser. A-1, 5.00%, 6/1/51 | BBB+ | 5000000 | 5137261 |
| Hartnell Cmnty. College Dist. G.O. Bonds, Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/37 | Aa2 | 3500000 | 1901064 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/36 | Aa2 | 4750000 | 2719873 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/35 | Aa2 | 1000000 | 602282 |
| Hastings Campus HFA Rev. Bonds, (U. of CA Hastings College of the Law), Ser. A, 5.00%, 7/1/61 | BB-/P | 3500000 | 2709382 |
| Hsg. Fin. Agcy. Rev. Bonds, Ser. A, 4.25%, 1/15/35 | BBB+ | 2850312 | 2757478 |
| Indio, Pub. Fin. Auth. Rev. Bonds, Ser. A, BAM, 5.25%, 11/1/42 | AA | 4000000 | 4457458 |
| Inglewood, Redev. Agcy. Successor Tax Allocation Bonds, (Merged Redev.), Ser. A, BAM, 5.00%, 5/1/38 | AA | 250000 | 266168 |
| Irvine, Cmnty. Fac. Dist. No. 13-3 Special Tax Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Great Park Impt. Area No. 1), 5.00%, 9/1/39 | BBB-/P | 1000000 | 1011255 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Great Park Impt. Area No. 4), 4.00%, 9/1/41 | BB-/P | 2500000 | 2280639 |
| Irvine, Impt. Board Act of 1915 Special Assmt. Bonds, (Dist No. 12-1), 5.00%, 9/2/23 | A+ | 1000000 | 1003069 |
| Irvine, Unified School Dist. Special Tax Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cmnty. Fac. Dist. No. 09-1), Ser. A, 5.00%, 9/1/47 | BB+/P | 200000 | 202687 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cmnty. Fac. Dist. No. 09-1), Ser. C, 5.00%, 9/1/47 | BB+/P | 1000000 | 1013437 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cmnty. Fac. Dist. No. 09-1), Ser. A, 5.00%, 9/1/42 | BB+/P | 400000 | 408114 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cmnty. Fac. Dist. No. 09-1), Ser. B, 5.00%, 9/1/42 | BB+/P | 1000000 | 1020285 |
| &nbsp;&nbsp;&nbsp;&nbsp;BAM, 5.00%, 9/1/38 | AA | 2500000 | 2597847 |
| Jurupa, Pub. Fin. Auth. Special Tax Bonds, Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/33 | A+ | 600000 | 616811 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/32 | A+ | 2475000 | 2547579 |
| Kaweah, Delta Hlth. Care Dist. Rev. Bonds, Ser. B, 5.00%, 6/1/40 | Ba1 | 1500000 | 1360992 |
| Kern, Cmnty. College Dist. G.O. Bonds, Ser. D, 5.25%, 8/1/39 | Aa2 | 2270000 | 2601497 |
| Lake Elsinore, Pub. Fin. Auth. Local Agcy. Special Tax Bonds, (Canyon Hills Impt. Areas), Ser. A & C |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/33 | BB+/P | 1105000 | 1126369 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/31 | BB+/P | 1045000 | 1066679 |
| Long Beach Marina, Rev. Bonds, 5.00%, 5/15/40 | BBB/F | 1000000 | 1013601 |
| Long Beach, Arpt. Syst. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, AGM, 5.00%, 6/1/40 | AA | 940000 | 1031178 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, AGM, 5.00%, 6/1/39 | AA | 500000 | 550562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, AGM, 5.00%, 6/1/39 | AA | 500000 | 550562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, AGM, 5.00%, 6/1/38 | AA | 1010000 | 1115261 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, AGM, 5.00%, 6/1/37 | AA | 585000 | 651267 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, AGM, 5.00%, 6/1/37 | AA | 400000 | 445311 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, AGM, 5.00%, 6/1/36 | AA | 570000 | 642438 |
| Long Beach, Bond Fin. Auth. Rev. Bonds, (Natural Gas Purchase), Ser. A, 5.50%, 11/15/28 | A2 | 5000000 | 5376021 |
| Long Beach, Cmnty. College Dist. G.O. Bonds, (2008 Election), Ser. B |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/34 | Aa2 | 1500000 | 975829 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 8/1/33 | Aa2 | 625000 | 427305 |
| Long Beach, Harbor Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Green Bond), Ser. B, 5.00%, 5/15/43 | AA+ | 2000000 | 2044840 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, 5.00%, 5/15/40 | AA+ | 5000000 | 5138534 |
| Long Beach, Unified School Dist. G.O. Bonds, Ser. D-1, zero %, 8/1/37 | Aa2 | 1000000 | 540461 |
| Los Angeles Cnty., Pub. Wks. Fin. Auth. Rev. Bonds, Ser. A, 5.00%, 12/1/44 | AA+ | 1000000 | 1021177 |
| Los Angeles Ctny., Pub. Wks. Fin. Auth. Lease Rev. Bonds, Ser. D, 5.00%, 12/1/45 | AA+ | 3000000 | 3113271 |
| Los Angeles, Dept. of Arpt. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 5/15/34 | Aa3 | 1000000 | 1174275 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 5/15/33 | Aa3 | 1000000 | 1181241 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/15/35 | Aa3 | 765000 | 789169 |
| Los Angeles, Dept. of Wtr. & Pwr. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 5.00%, 7/1/48 | Aa2 | 1500000 | 1612110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 5.00%, 7/1/40 | Aa2 | 5000000 | 5505848 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 5.00%, 7/1/40 | Aa2 | 2200000 | 2472948 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. C, 5.00%, 7/1/40 | Aa2 | 1500000 | 1677734 |
| Los Angeles, Dept. of Wtr. & Pwr. Wtr. Works Rev. Bonds, Ser. C, 5.00%, 7/1/42 | Aa2 | 8150000 | 9080685 |
| Los Angeles, Harbor Dept. Rev. Bonds, (Green Bond), Ser. C, 4.00%, 8/1/39 | AA+ | 2200000 | 2174368 |
| M-S-R Energy Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, 6.50%, 11/1/39 | BBB+ | 6000000 | 7186343 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. A, 6.125%, 11/1/29 | BBB+ | 925000 | 1024140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 6.125%, 11/1/29 | BBB+ | 2325000 | 2574327 |
| Menifee, Union School Dist. Cmnty. Fac. Special Tax, (Dist. No. 2011-1) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/51 | BB+/P | 1815000 | 1538231 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/36 | BB+/P | 500000 | 477729 |
| Merced, City School Dist. G.O. Bonds, (Election 2014), 5.00%, 8/1/45 | Aa3 | 3500000 | 3622928 |
| Montebello, Unified School Dist. G.O. Bonds, Ser. B, AGM |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/50 | AA | 3000000 | 3212329 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | AA | 2000000 | 2170699 |
| Murrieta Valley, Unified School Dist. G.O. Bonds, AGM, zero %, 9/1/31 | Aa2 | 2000000 | 1469010 |
| Napa Valley, Cmnty. College Dist. G.O. Bonds, 4.00%, 8/1/34 | Aa3 | 1500000 | 1548245 |
| North Natomas, Cmnty. Fac. Special Tax Bonds, (Dist. No. 4), Ser. E, 5.25%, 9/1/33 | A- | 1360000 | 1373668 |
| Northern CA Energy Auth. Commodity Supply Mandatory Put Bonds (7/1/24), Ser. A, 4.00%, 7/1/49 | A2 | 13000000 | 12991255 |
| Ontario, Special Tax, (Cmnty. Fac. Dist. No. 53) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/51 | BB+/P | 1170000 | 932840 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/42 | BB+/P | 600000 | 519256 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/36 | BB+/P | 500000 | 466527 |
| Ontario, Intl. Arpt. Auth. Rev. Bonds, Ser. A, AGM, 4.00%, 5/15/41 | AA | 750000 | 731686 |
| Orange Cnty., Cmnty. Fac. Dist. Special Tax Bonds, (Ladera Ranch - No. 04-1), Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/15/33 | A+ | 1750000 | 1770098 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/15/32 | A+ | 1000000 | 1011558 |
| Pacifica, School Dist. G.O. Bonds, 4.00%, 8/1/50 | Aa3 | 2750000 | 2639109 |
| Pico Rivera, Pub. Fin. Auth. Lease Rev. Bonds, NATL, 5.25%, 9/1/30 | AA- | 1295000 | 1410784 |
| Poway Unified School Dist. Cmnty. Fac. Dist. No. 15 Special Tax Bonds, BAM |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 9/1/52 | AA | 2500000 | 2658659 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.125%, 9/1/47 | AA | 1250000 | 1208735 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/42 | AA | 800000 | 780699 |
| Rancho Cordova, Cmnty. Fac. Dist. Special Tax Bonds, (Sunridge Anatolia No. 03-1), 4.00%, 9/1/27 | BBB-/P | 425000 | 428868 |
| Regents of the U. of CA Med. Ctr. (The) Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. L, 5.00%, 5/15/41 | Aa3 | 2000000 | 2078766 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. P, 5.00%, 5/15/40 | Aa3 | 21125000 | 23358952 |
| Riverside Cnty., Pub. Fin. Auth. Tax Allocation Bonds, Ser. A, BAM, 4.00%, 10/1/40 | AA | 1250000 | 1212502 |
| Riverside Cnty., Redev. Successor Agcy. Tax Alloc. Bonds, (Hsg.), Ser. B, BAM |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/41 | AA | 1990000 | 2090046 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/37 | AA | 1010000 | 1069141 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/32 | AA | 290000 | 310396 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/29 | AA | 775000 | 832512 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/28 | AA | 235000 | 253191 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/26 | AA | 500000 | 542046 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/24 | AA | 445000 | 462016 |
| Rocklin, Special Tax, (Cmnty. Fac. Dist. No. 10) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/40 | BB+/P | 485000 | 492007 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/39 | BB+/P | 485000 | 493829 |
| Rocklin, Special Tax Bonds, 5.00%, 9/1/35 | BB/P | 3430000 | 3517989 |
| Rohnert Pk., Cmnty. Dev. Agcy. Tax Alloc. Bonds, (Rohnert Redev.), NATL, zero %, 8/1/25 | A+ | 1340000 | 1231679 |
| Romoland, School Dist. Special Tax, Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/50 | BB+/P | 2360000 | 1983562 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/45 | BBB+/F | 750000 | 649219 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/40 | BB+/P | 555000 | 495569 |
| Romoland, School Dist. Special Tax Bonds, (Cmnty. Fac. Dist. No. 91-1), 5.00%, 9/1/41 | BB/P | 1000000 | 1017310 |
| Roseville, Special Tax |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/49 | BB/P | 1000000 | 1017108 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/45 | BB/P | 400000 | 408848 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/39 | BB/P | 465000 | 483481 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Fiddyment Ranch Cmnty. Fac. Dist. No. 5), 4.00%, 9/1/50 | BB/P | 1775000 | 1526911 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Ranch at Sierra Vista Cmnty. Fac. Dist. No. 1), 4.00%, 9/1/50 | BB-/P | 450000 | 381691 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Ranch at Sierra Vista Cmnty. Fac. Dist. No. 1), 4.00%, 9/1/45 | BB-/P | 1000000 | 870259 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Fiddyment Ranch Cmnty. Fac. Dist. No. 5), 4.00%, 9/1/41 | BB/P | 700000 | 636955 |
| Roseville, Special Tax Bonds, (Westpark Cmnty. Pub. Fac. Dist. No. 1) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/37 | BBB-/P | 1250000 | 1277635 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/33 | BBB-/P | 1000000 | 1031483 |
| Sacramento, Special Tax, (Greenbriar Cmnty. Fac. Dist. No 2018-03) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/50 | BB/P | 650000 | 523951 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/41 | BB/P | 1000000 | 872737 |
| Sacramento, City Unified School Dist. G.O. Bonds, Ser. G, AGM |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/49 | AA | 3000000 | 2883398 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/44 | AA | 1000000 | 979321 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/41 | AA | 765000 | 756176 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/40 | AA | 890000 | 881913 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/39 | AA | 750000 | 751084 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/38 | AA | 800000 | 806247 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/37 | AA | 450000 | 457852 |
| Salinas, Union High School Dist. G.O. Bonds, Ser. B, 4.00%, 8/1/45 | Aa2 | 5960000 | 5769522 |
| San Bernardino Cnty., FRB, Ser. C, 4.35%, 8/1/23 | Aa1 | 2500000 | 2492420 |
| San Bernardino Cnty., Special Tax Bonds, 5.00%, 9/1/33 | BBB-/P | 2500000 | 2548345 |
| San Diego Cmnty. Fac. Dist. No. 3 Special Tax Bonds, 5.00%, 9/1/36 | BBB/P | 970000 | 975888 |
| San Diego Cnty., COP, 5.00%, 10/1/46 | Aa1 | 6645000 | 7342413 |
| San Diego Cnty., Special Tax Bonds, (Harmony Grove Village-Impt. Area No. 1), Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/50 | BB/P | 875000 | 745662 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/1/45 | BB/P | 550000 | 483415 |
| San Diego Cnty., Regl. Arpt. Auth. Rev. Bonds, Ser. B, 4.00%, 7/1/44 | A | 1000000 | 896267 |
| San Diego, Assn. of Govt. South Bay Expressway Toll Rev. Bonds, Ser. A, 5.00%, 7/1/42 | A | 3000000 | 3190552 |
| San Diego, Tobacco Settlement Funding Corp. Rev. Bonds, Ser. C, 4.00%, 6/1/32 | A | 560000 | 536206 |
| San Diego, Unified School Dist. G.O. Bonds, Ser. K-2 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 7/1/35 | Aa2 | 1025000 | 640341 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 7/1/33 | Aa2 | 1645000 | 1125054 |
| &nbsp;&nbsp;&nbsp;&nbsp;zero %, 7/1/32 | Aa2 | 1955000 | 1398894 |
| San Francisco City & Cnty., Special Tax, (Cmnty. Fac. Dist. No. 2016-1), Ser. 21, 4.00%, 9/1/41 | BB-/P | 850000 | 767569 |
| San Francisco, Bay Area Rapid Transit Dist. G.O. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Election 2016), 3.00%, 8/1/49 | Aaa | 6365000 | 4807879 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 8/1/38 | Aaa | 4280000 | 3728029 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Green Bonds), Ser. C-1, 3.00%, 8/1/37 | Aaa | 3250000 | 2878948 |
| San Francisco, City & Cnty. Arpt. Comm. Intl. Arpt. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 5.00%, 5/1/52 | A1 | 5285000 | 5678113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. 20B, 4.00%, 5/1/40 | A1 | 500000 | 489225 |
| San Francisco, City & Cnty. Arpt. Comm. Intl. Arpt. VRDN, Ser. B, 3.10%, 5/1/58 | VMIG 1 | 3505000 | 3505000 |
| San Francisco, City & Cnty. Redev. Agcy. Cmnty. Successor Special Tax Bonds, (No. 6 Mission Bay South Pub. Impts.), Ser. A, 5.00%, 8/1/31 | BBB/P | 1140000 | 1141017 |
| San Francisco, City & Cnty. Redev. Agcy. Cmnty. Successor Tax Alloc. Bonds, (Mission Bay South Redev.), Ser. A, 5.00%, 8/1/43 | A- | 1750000 | 1802648 |
| San Francisco, City & Cnty., Infrastructure & Revitalization 144A Tax Alloc. Bonds, (Fin. Dist. No. 1 Fac.), Ser. A, 5.00%, 9/1/52 | BBB/P | 1300000 | 1246746 |
| San Francisco, Pub. Fac. Fin. Auth. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 6/1/46 | AA+ | 1250000 | 1378778 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 6/1/40 | AA+ | 600000 | 657627 |
| San Joaquin, Regl. Rail Comm. COP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 5/1/34 | A2 | 550000 | 624852 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/1/40 | A2 | 390000 | 383657 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/1/39 | A2 | 370000 | 367207 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/1/38 | A2 | 460000 | 459728 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/1/37 | A2 | 490000 | 492076 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/1/36 | A2 | 350000 | 353160 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/1/35 | A2 | 330000 | 335525 |
| San Luis Obispo Cnty., Fin. Auth. Rev. Bonds, Ser. A, 5.50%, 11/15/47 | AA+ | 1885000 | 2101428 |
| Santa Ana, Gas Tax Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 1/1/40 | AA- | 1670000 | 1614837 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 1/1/39 | AA- | 1710000 | 1670467 |
| Santa Maria, G.O. Bonds, (Joint Union High School Dist. Election 2016) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 8/1/42 | Aa2 | 2210000 | 1779502 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 8/1/39 | Aa2 | 1385000 | 1181089 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 8/1/37 | Aa2 | 355000 | 312595 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 8/1/36 | Aa2 | 250000 | 224207 |
| Santee, CDC Successor Agcy. Tax Allocation Bonds, Ser. A, BAM, 5.00%, 8/1/31 | AA | 2410000 | 2585525 |
| School Fin. Fac. Auth. 144A Rev. Bonds, (Kipp LA Projects), Ser. A, 5.00%, 7/1/45 | BBB | 1500000 | 1508032 |
| South Orange Cnty., Pub. Fin. Auth. Special Tax Bonds, Ser. A, 5.00%, 8/15/30 | AA | 1130000 | 1141971 |
| Southern CA Pub. Pwr. Auth. Rev. Bonds, (Natural Gas No. 1), Ser. A, 5.25%, 11/1/24 | A2 | 2850000 | 2928613 |
| Stockton, Pub. Wtr. Fin. Auth. Rev. Bonds, (Delta Wtr. Supply), Ser. A, 6.125%, 10/1/35 (Prerefunded 10/1/23) | A | 750000 | 768168 |
| Stockton, Unified School Dist. COP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 2/1/36 | A | 1000000 | 1078116 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 2/1/35 | A | 2410000 | 2610838 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 2/1/34 | A | 2295000 | 2499332 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 2/1/31 | A | 1325000 | 1449337 |
| Sweetwater, G.O. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sweetwater Union High School Dist.), Ser. A1, 5.00%, 8/1/52 | A1 | 6500000 | 7010375 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Union High School Dist.), 5.00%, 8/1/35 | A1 | 2330000 | 2462184 |
| Tobacco Securitization Auth. of Southern CA Rev. Bonds, Ser. B-1, Class 2, 5.00%, 6/1/48 | BBB- | 12495000 | 12441949 |
| Tustin Cmnty., Fac. Dist. Special Tax Bonds, (No. 06-1 Legacy Columbus Villages), Ser. A, 5.00%, 9/1/37 | A- | 2100000 | 2172107 |
| U. of CA Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. AZ, 5.25%, 5/15/58 | Aa2 | 9110000 | 9711328 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ser. S, 5.00%, 5/15/38***<sup>(T)</sup>*** | AA- | 10650000 | 12117106 |
| U. of CA Regents Med. Ctr. Rev. Bonds Ser. L, 5.00%, 5/15/47***<sup>(T)</sup>*** | AA- | 10000000 | 10306853 |
| Vernon, Elec. Syst. Rev. Bonds, Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | Baa1 | 740000 | 767007 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/39 | Baa1 | 425000 | 442172 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/35 | Baa1 | 1440000 | 1517739 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/34 | Baa1 | 1060000 | 1128150 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/33 | Baa1 | 960000 | 1025430 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/32 | Baa1 | 1000000 | 1071807 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/31 | Baa1 | 770000 | 826713 |
| Western Placer Waste Mgt. Auth. Rev. Bonds, (Material Recvy. Fac.), Ser. A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 6/1/40 | AA | 1200000 | 1330443 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 6/1/39 | AA | 1175000 | 1308628 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 6/1/38 | AA | 1125000 | 1257428 |
| Yucaipa Special Tax Bonds, (Cmnty. Fac. Dist. No. 98-1 Chapman Heights), 5.375%, 9/1/30 | A | 2350000 | 2359434 |
| Los Angeles, Dept. of Arpt. Rev. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Los Angeles Intl. Arpt.), Ser. G, 5.00%, 5/15/47***<sup>(T)</sup>*** | AA | 9000000 | 9282853 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Los Angeles Intl. Arpt.), Ser. A, 5.00%, 5/15/44***<sup>(T)</sup>*** | AA- | 10000000 | 10198449 |
|  |  |  | **821666631** |
| **Guam (0.3%)** | **Guam (0.3%)** | **Guam (0.3%)** | **Guam (0.3%)** |
| Territory of GU, Govt. G.O. Bonds, 5.00%, 11/15/31 | Ba1 | 785000 | 827608 |
| Territory of GU, Port Auth. Rev. Bonds, Ser. A, 5.00%, 7/1/48 | A | 1500000 | 1525741 |
|  |  |  | **2353349** |
| **Illinois (0.7%)** | **Illinois (0.7%)** | **Illinois (0.7%)** | **Illinois (0.7%)** |
| IL State G.O. Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 1/1/41 | Baa1 | 1770000 | 1745212 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/1/38 | Baa1 | 4200000 | 4183799 |
|  |  |  | **5929011** |
| **Total municipal bonds and notes (cost $897,711,396)** | **Total municipal bonds and notes (cost $897,711,396)** |  | **$840245386** |

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| | | | |
|:---|:---|:---|:---|
| **SHORT-TERM INVESTMENTS (0.3%)***<sup>(a)</sup>*** | **SHORT-TERM INVESTMENTS (0.3%)***<sup>(a)</sup>*** | **SHORT-TERM INVESTMENTS (0.3%)***<sup>(a)</sup>*** | **SHORT-TERM INVESTMENTS (0.3%)***<sup>(a)</sup>*** |
| | | **Principal amount/shares** | **Value** |
| Putnam Short Term Investment Fund Class P 4.53%***<sup>(AFF)</sup>*** | Shares | 1872910 | $1872910 |
| U.S. Treasury Bills 3.934%, 1/10/23***<sup>(SEG)</sup>*** |  | $377000 | 376735 |
| U.S. Treasury Bills 3.814%, 2/2/23 |  | 300000 | 299048 |
| U.S. Treasury Bills 3.964%, 1/3/23***<sup>(SEG)</sup>*** |  | 300000 | 300000 |
| **Total short-term investments (cost $2,848,545)** |  |  | **$2848693** |
| **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** |
| **Total investments (cost $900,559,941)** |  |  | **$843094079** |

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------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS OUTSTANDING at 12/31/22 (Unaudited)** | **FUTURES CONTRACTS OUTSTANDING at 12/31/22 (Unaudited)** | **FUTURES CONTRACTS OUTSTANDING at 12/31/22 (Unaudited)** | **FUTURES CONTRACTS OUTSTANDING at 12/31/22 (Unaudited)** | **FUTURES CONTRACTS OUTSTANDING at 12/31/22 (Unaudited)** | **FUTURES CONTRACTS OUTSTANDING at 12/31/22 (Unaudited)** |
| | **Number of contracts** | **Notional amount** | **Value** | &nbsp;&nbsp;&nbsp;**Expiration date** | **Unrealized<br>appreciation/<br>(depreciation)** |
| U.S. Treasury Note Ultra 10 yr (Short) | 215 | $25430469 | $25430469 | &nbsp;&nbsp;&nbsp;Mar-23 | $147329 |
| **Unrealized appreciation** |  |  |  |  | **147329** |
| **Unrealized (depreciation)** |  |  |  |  | **—** |
| **Total** |  |  |  |  | **$147329** |

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------

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| | | | |
|:---|:---|:---|:---|
|  | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** |
|  | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from October 1, 2022 through December 31, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from October 1, 2022 through December 31, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from October 1, 2022 through December 31, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. |
| ***<sup>(a)</sup>*** | Percentages indicated are based on net assets of $815,014,310. | Percentages indicated are based on net assets of $815,014,310. | Percentages indicated are based on net assets of $815,014,310. |
| ***<sup>(RAT)</sup>*** | The Moody's, Standard & Poor's or Fitch ratings indicated are believed to be the most recent ratings available at the close of the reporting period for the securities listed. Ratings are generally ascribed to securities at the time of issuance. While the agencies may from time to time revise such ratings, they undertake no obligation to do so, and the ratings do not necessarily represent what the agencies would ascribe to these securities at the close of the reporting period. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications. If a security is insured, it will usually be rated by the ratings organizations based on the financial strength of the insurer. For further details regarding security ratings, please see the Statement of Additional Information. | The Moody's, Standard & Poor's or Fitch ratings indicated are believed to be the most recent ratings available at the close of the reporting period for the securities listed. Ratings are generally ascribed to securities at the time of issuance. While the agencies may from time to time revise such ratings, they undertake no obligation to do so, and the ratings do not necessarily represent what the agencies would ascribe to these securities at the close of the reporting period. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications. If a security is insured, it will usually be rated by the ratings organizations based on the financial strength of the insurer. For further details regarding security ratings, please see the Statement of Additional Information. | The Moody's, Standard & Poor's or Fitch ratings indicated are believed to be the most recent ratings available at the close of the reporting period for the securities listed. Ratings are generally ascribed to securities at the time of issuance. While the agencies may from time to time revise such ratings, they undertake no obligation to do so, and the ratings do not necessarily represent what the agencies would ascribe to these securities at the close of the reporting period. Securities rated by Fitch are indicated by "/F." Securities rated by Putnam are indicated by "/P." The Putnam rating categories are comparable to the Standard & Poor's classifications. If a security is insured, it will usually be rated by the ratings organizations based on the financial strength of the insurer. For further details regarding security ratings, please see the Statement of Additional Information. |
| ***<sup>(AFF)</sup>*** | Affiliated company. For investments in Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Name of affiliate** | **Fair value<br>as of<br>09/30/22** | **Shares outstanding<br>and fair<br>value as of<br>12/31/22** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Putnam Short Term Investment Fund\* | $2312477 | $1872910 |
|  | **Total Short-term investments** | **$2312477** | **$1872910** |
|  | \* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. |
| ***<sup>(SEG)</sup>*** | This security, in part or in entirety, was pledged and segregated with the broker to cover margin requirements for futures contracts at the close of the reporting period. Collateral at period end totaled $671,467. | This security, in part or in entirety, was pledged and segregated with the broker to cover margin requirements for futures contracts at the close of the reporting period. Collateral at period end totaled $671,467. | This security, in part or in entirety, was pledged and segregated with the broker to cover margin requirements for futures contracts at the close of the reporting period. Collateral at period end totaled $671,467. |
| ***<sup>(T)</sup>*** | Underlying security in a tender option bond transaction. This security has been segregated as collateral for financing transactions. | Underlying security in a tender option bond transaction. This security has been segregated as collateral for financing transactions. | Underlying security in a tender option bond transaction. This security has been segregated as collateral for financing transactions. |
|  | Unless otherwise noted, the rates quoted in Short-term investments security descriptions represent the weighted average yield to maturity. | Unless otherwise noted, the rates quoted in Short-term investments security descriptions represent the weighted average yield to maturity. | Unless otherwise noted, the rates quoted in Short-term investments security descriptions represent the weighted average yield to maturity. |
|  | 144A after the name of an issuer represents securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | 144A after the name of an issuer represents securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | 144A after the name of an issuer represents securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
|  | On Mandatory Put Bonds, the rates shown are the current interest rates at the close of the reporting period and the dates shown represent the next mandatory put dates. Rates are set by remarketing agents and may take into consideration market supply and demand, credit quality and the current SIFMA Municipal Swap Index, 1 Month US LIBOR or 3 Month US LIBOR rates, which were 3.66%, 4.39% and 4.77%, respectively, as of the close of the reporting period. | On Mandatory Put Bonds, the rates shown are the current interest rates at the close of the reporting period and the dates shown represent the next mandatory put dates. Rates are set by remarketing agents and may take into consideration market supply and demand, credit quality and the current SIFMA Municipal Swap Index, 1 Month US LIBOR or 3 Month US LIBOR rates, which were 3.66%, 4.39% and 4.77%, respectively, as of the close of the reporting period. | On Mandatory Put Bonds, the rates shown are the current interest rates at the close of the reporting period and the dates shown represent the next mandatory put dates. Rates are set by remarketing agents and may take into consideration market supply and demand, credit quality and the current SIFMA Municipal Swap Index, 1 Month US LIBOR or 3 Month US LIBOR rates, which were 3.66%, 4.39% and 4.77%, respectively, as of the close of the reporting period. |
|  | The dates shown parenthetically on prerefunded bonds represent the next prerefunding dates. | The dates shown parenthetically on prerefunded bonds represent the next prerefunding dates. | The dates shown parenthetically on prerefunded bonds represent the next prerefunding dates. |
|  | The dates shown on debt obligations are the original maturity dates. | The dates shown on debt obligations are the original maturity dates. | The dates shown on debt obligations are the original maturity dates. |
|  | The fund had the following sector concentrations greater than 10% at the close of the reporting period (as a percentage of net assets): | The fund had the following sector concentrations greater than 10% at the close of the reporting period (as a percentage of net assets): | The fund had the following sector concentrations greater than 10% at the close of the reporting period (as a percentage of net assets): |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Education | 17.9% |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Healthcare | 16.3 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Local debt | 14.5 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Land | 12.2 |  |
|  | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. |
|  | Tax-exempt bonds and notes are generally valued on the basis of valuations provided by an independent pricing service approved by the Trustees. Such services use information with respect to transactions in bonds, quotations from bond dealers, market transactions in comparable securities and various relationships between securities in determining value. These securities will generally be categorized as Level 2. | Tax-exempt bonds and notes are generally valued on the basis of valuations provided by an independent pricing service approved by the Trustees. Such services use information with respect to transactions in bonds, quotations from bond dealers, market transactions in comparable securities and various relationships between securities in determining value. These securities will generally be categorized as Level 2. | Tax-exempt bonds and notes are generally valued on the basis of valuations provided by an independent pricing service approved by the Trustees. Such services use information with respect to transactions in bonds, quotations from bond dealers, market transactions in comparable securities and various relationships between securities in determining value. These securities will generally be categorized as Level 2. |
|  | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. |
|  | Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. |
|  | **Futures contracts:** The fund used futures contracts for hedging treasury term structure risk and for yield curve positioning. | **Futures contracts:** The fund used futures contracts for hedging treasury term structure risk and for yield curve positioning. | **Futures contracts:** The fund used futures contracts for hedging treasury term structure risk and for yield curve positioning. |
|  | The potential risk to the fund is that the change in value of futures contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts, if interest or exchange rates move unexpectedly or if the counterparty to the contract is unable to perform. With futures, there is minimal counterparty credit risk to the fund since futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. | The potential risk to the fund is that the change in value of futures contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts, if interest or exchange rates move unexpectedly or if the counterparty to the contract is unable to perform. With futures, there is minimal counterparty credit risk to the fund since futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. | The potential risk to the fund is that the change in value of futures contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts, if interest or exchange rates move unexpectedly or if the counterparty to the contract is unable to perform. With futures, there is minimal counterparty credit risk to the fund since futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. |
|  | Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The fund and the broker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or payments are known as "variation margin". | Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The fund and the broker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or payments are known as "variation margin". | Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The fund and the broker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or payments are known as "variation margin". |
|  | For the fund's average number of futures contracts, see the appropriate table at the end of these footnotes. | For the fund's average number of futures contracts, see the appropriate table at the end of these footnotes. | For the fund's average number of futures contracts, see the appropriate table at the end of these footnotes. |
|  | **Master agreements:** The fund is a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements (Master Agreements) with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties' general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the fund is held in a segregated account by the fund's custodian and, with respect to those amounts which can be sold or repledged, is presented in the fund's portfolio. | **Master agreements:** The fund is a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements (Master Agreements) with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties' general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the fund is held in a segregated account by the fund's custodian and, with respect to those amounts which can be sold or repledged, is presented in the fund's portfolio. | **Master agreements:** The fund is a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements (Master Agreements) with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties' general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the fund is held in a segregated account by the fund's custodian and, with respect to those amounts which can be sold or repledged, is presented in the fund's portfolio. |
|  | Collateral pledged by the fund is segregated by the fund's custodian and identified in the fund's portfolio. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the fund and the applicable counterparty. Collateral requirements are determined based on the fund's net position with each counterparty. | Collateral pledged by the fund is segregated by the fund's custodian and identified in the fund's portfolio. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the fund and the applicable counterparty. Collateral requirements are determined based on the fund's net position with each counterparty. | Collateral pledged by the fund is segregated by the fund's custodian and identified in the fund's portfolio. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the fund and the applicable counterparty. Collateral requirements are determined based on the fund's net position with each counterparty. |
|  | Termination events applicable to the fund may occur upon a decline in the fund's net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty's long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the fund's counterparties to elect early termination could impact the fund's future derivative activity. | Termination events applicable to the fund may occur upon a decline in the fund's net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty's long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the fund's counterparties to elect early termination could impact the fund's future derivative activity. | Termination events applicable to the fund may occur upon a decline in the fund's net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty's long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the fund's counterparties to elect early termination could impact the fund's future derivative activity. |
|  | At the close of the reporting period, the fund did not have a net liability position on open derivative contracts subject to the Master Agreements. | At the close of the reporting period, the fund did not have a net liability position on open derivative contracts subject to the Master Agreements. | At the close of the reporting period, the fund did not have a net liability position on open derivative contracts subject to the Master Agreements. |
|  | **Tender option bond transactions:** The fund may participate in transactions whereby a fixed-rate bond is transferred to a tender option bond trust (TOB trust) sponsored by a broker. The TOB trust funds the purchase of the fixed rate bonds by issuing floating-rate bonds issued to third parties and allowing the fund to retain the residual interest in the TOB trust's assets and cash flows, which are in the form of inverse floating rate bonds. The inverse floating rate bonds held by the fund give the fund the right to (1) cause the holders of the floating rate bonds to tender their notes at par, and (2) to have the fixed-rate bond held by the TOB trust transferred to the fund, causing the TOB trust to collapse. The fund accounts for the transfer of the fixed-rate bond to the TOB trust as a secured borrowing by including the fixed-rate bond in The fund's portfolio and including the floating rate bond as a liability in the Statement of assets and liabilities. At the close of the reporting period, the fund's investments with a value of $41,905,261 were held by the TOB trust and served as collateral for $28,270,000 in floating-rate bonds outstanding. During the reporting period, the fund incurred interest expense of $181,187 for these investments based on an average interest rate of 2.54%. | **Tender option bond transactions:** The fund may participate in transactions whereby a fixed-rate bond is transferred to a tender option bond trust (TOB trust) sponsored by a broker. The TOB trust funds the purchase of the fixed rate bonds by issuing floating-rate bonds issued to third parties and allowing the fund to retain the residual interest in the TOB trust's assets and cash flows, which are in the form of inverse floating rate bonds. The inverse floating rate bonds held by the fund give the fund the right to (1) cause the holders of the floating rate bonds to tender their notes at par, and (2) to have the fixed-rate bond held by the TOB trust transferred to the fund, causing the TOB trust to collapse. The fund accounts for the transfer of the fixed-rate bond to the TOB trust as a secured borrowing by including the fixed-rate bond in The fund's portfolio and including the floating rate bond as a liability in the Statement of assets and liabilities. At the close of the reporting period, the fund's investments with a value of $41,905,261 were held by the TOB trust and served as collateral for $28,270,000 in floating-rate bonds outstanding. During the reporting period, the fund incurred interest expense of $181,187 for these investments based on an average interest rate of 2.54%. | **Tender option bond transactions:** The fund may participate in transactions whereby a fixed-rate bond is transferred to a tender option bond trust (TOB trust) sponsored by a broker. The TOB trust funds the purchase of the fixed rate bonds by issuing floating-rate bonds issued to third parties and allowing the fund to retain the residual interest in the TOB trust's assets and cash flows, which are in the form of inverse floating rate bonds. The inverse floating rate bonds held by the fund give the fund the right to (1) cause the holders of the floating rate bonds to tender their notes at par, and (2) to have the fixed-rate bond held by the TOB trust transferred to the fund, causing the TOB trust to collapse. The fund accounts for the transfer of the fixed-rate bond to the TOB trust as a secured borrowing by including the fixed-rate bond in The fund's portfolio and including the floating rate bond as a liability in the Statement of assets and liabilities. At the close of the reporting period, the fund's investments with a value of $41,905,261 were held by the TOB trust and served as collateral for $28,270,000 in floating-rate bonds outstanding. During the reporting period, the fund incurred interest expense of $181,187 for these investments based on an average interest rate of 2.54%. |

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| | | | |
|:---|:---|:---|:---|
| ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. |
| The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: |
|  | **Valuation inputs** | **Valuation inputs** | **Valuation inputs** |
| **Investments in securities:** | **Level 1** | **Level 2** | **Level 3** |
| Municipal bonds and notes | $— | $840245386 | $— |
| Short-term investments |  | 2848693 |  |
| **Totals by level** | **$—** | **$843094079** | **$—** |
|  | **Valuation inputs** | **Valuation inputs** | **Valuation inputs** |
| **Other financial instruments:** | **Level 1** | **Level 2** | **Level 3** |
| Futures contracts | 147329 |  |  |
| **Totals by level** | **$147329** | **$—** | **$—** |
| The volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period: | The volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period: | The volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period: | The volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period: |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures contracts (number of contracts) | 200 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;OTC total return swap contracts (notional) | $1100000 |  |  |
| For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 100 FEDERAL STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 1-800-225-1581

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

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

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

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

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

- **a. Date of fiscal year-end:** 2023-09-30

- **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:** $867992338.62

**Total Liabilities:** $46419569.61

**Net Assets:** $821572769.01

**Delayed Delivery Securities:** $12667815.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1836.3 | **1-Year:** 31183.86 | **5-Year:** 114159.71 | **10-Year:** 253595.56 | **30-Year:** 179382.71

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

- **3-Month:** 148.46 | **1-Year:** 2992.32 | **5-Year:** 13665.91 | **10-Year:** 45957.92 | **30-Year:** 52006.8

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000202778 | 0.13%                | 6.04%                | -1.36%               |
| Class ID C000014971 | -0.10%               | 6.08%                | -1.43%               |
| Class ID C000014969 | -0.03%               | 6.03%                | -1.24%               |
| Class ID C000014970 | 0.06%                | 5.99%                | -1.43%               |
| Class ID C000060520 | 0.13%                | 6.04%                | -1.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1363636.36             | $-385740.50                                |
| Month 2  | $-131383.48              | $45412003.57                               |
| Month 3  | $-2354792.09             | $-10101680.58                              |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond Index

- **Index Identifier:** IDX01566

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY                                               | FX.RT. MUNI BOND        | CUSIP: 842471AS3<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2928612.98   | 0.36%             | 2024-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LONG BEACH BOND FINANCE AUTHORITY                                                        | FX.RT. MUNI BOND        | CUSIP: 54241AAU7<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5376021.00   | 0.65%             | 2028-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITY OF IRVINE CA                                                                        | FX.RT. MUNI BOND        | CUSIP: 46360RLU9<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003069.00   | 0.12%             | 2023-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABAG FINANCE AUTHORITY FOR NONPROFIT CORPS                                               | FX.RT. MUNI BOND        | CUSIP: 00037GAZ4<br>LEI: 549300EWVCCTI6O2KU84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014714.70   | 0.37%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABAG FINANCE AUTHORITY FOR NONPROFIT CORPS                                               | FX.RT. MUNI BOND        | CUSIP: 00037GBA8<br>LEI: 549300EWVCCTI6O2KU84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004093.40   | 0.12%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14250000 | PA      | $13870419.90  | 1.69%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORONA-NORCO UNIFIED SCHOOL DISTRICT PUBLIC FINANCING AUTHORITY                          | FX.RT. MUNI BOND        | CUSIP: 21976TGG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $278935.99    | 0.03%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUCCESSOR AGENCY TO THE SAN FRANCISCO CITY  AND  COUNTY REDEVELOPMENT AGENCY             | FX.RT. MUNI BOND        | CUSIP: 79772AAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1141017.34   | 0.14%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO COMMUNITY FACILITIES DISTRICT NO 3                                             | FX.RT. MUNI BOND        | CUSIP: 79727QCA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $975887.90    | 0.12%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHULA VISTA MUNICIPAL FINANCING AUTHORITY                                                | FX.RT. MUNI BOND        | CUSIP: 17131CAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2204618.42   | 0.27%             | 2029-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHULA VISTA MUNICIPAL FINANCING AUTHORITY                                                | FX.RT. MUNI BOND        | CUSIP: 17131CAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $753217.81    | 0.09%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STOCKTON PUBLIC FINANCING AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 861398BD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $768167.78    | 0.09%             | 2035-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SOUTH ORANGE COUNTY PUBLIC FINANCING AUTHORITY                                           | FX.RT. MUNI BOND        | CUSIP: 839100JS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1141971.33   | 0.14%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE COUNTY COMMUNITY FACILITIES DISTRICT                                              | FX.RT. MUNI BOND        | CUSIP: 68423PVD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1770098.40   | 0.22%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUCCESSOR AGENCY TO THE SAN FRANCISCO CITY  AND  COUNTY REDEVELOPMENT AGENCY             | FX.RT. MUNI BOND        | CUSIP: 79770GAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1802647.70   | 0.22%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE COUNTY COMMUNITY FACILITIES DISTRICT                                              | FX.RT. MUNI BOND        | CUSIP: 68423PVC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011557.50   | 0.12%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049SBB9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020976.10   | 0.12%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1066603.69   | 0.13%             | 2044-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LAKE ELSINORE PUBLIC FINANCING AUTHORITY                                                 | FX.RT. MUNI BOND        | CUSIP: 509632LD5<br>LEI: 549300C5MCDOVNPOX172 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1066679.05   | 0.13%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE ELSINORE PUBLIC FINANCING AUTHORITY                                                 | FX.RT. MUNI BOND        | CUSIP: 509632LF0<br>LEI: 549300C5MCDOVNPOX172 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1126368.60   | 0.14%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EMERYVILLE REDEVELOPMENT AGENCY SUCCESSOR AGENCY                                         | FX.RT. MUNI BOND        | CUSIP: 29120RAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518933.20    | 0.06%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JURUPA PUBLIC FINANCING AUTHORITY                                                        | FX.RT. MUNI BOND        | CUSIP: 482085BP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $616810.56    | 0.08%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JURUPA PUBLIC FINANCING AUTHORITY                                                        | FX.RT. MUNI BOND        | CUSIP: 482085BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2547579.13   | 0.31%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF IRVINE CA                                                                        | FX.RT. MUNI BOND        | CUSIP: 46360TDC4<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011254.50   | 0.12%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NEC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002460.00   | 0.61%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SAN BERNARDINO CA                                                              | FX.RT. MUNI BOND        | CUSIP: 796844MZ8<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2548345.25   | 0.31%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 1301784X1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010042.10   | 0.12%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES COUNTY PUBLIC WORKS FINANCING AUTHORITY                                      | FX.RT. MUNI BOND        | CUSIP: 54473EQU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021177.20   | 0.12%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 463612HH7<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2597847.00   | 0.32%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SGV0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2571935.61   | 0.31%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA                                                                    | FX.RT. MUNI BOND        | CUSIP: 542426CZ2<br>LEI: 549300XH3OUOL3JO1O51 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013600.70   | 0.12%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 1301787B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518069.50    | 0.06%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROCKLIN CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 773747ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3430000 | PA      | $3517989.10   | 0.43%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 130179AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063233.40   | 0.13%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870VZ6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031483.10   | 0.13%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870WA0<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1277634.75   | 0.16%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508032.05   | 0.18%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SKY9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1697059.99   | 0.21%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SKZ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2953743.65   | 0.36%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501758.45   | 0.18%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TUSTIN COMMUNITY FACILITIES DISTRICT                                                     | FX.RT. MUNI BOND        | CUSIP: 901047GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2172107.28   | 0.26%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERCED CITY SCHOOL DISTRICT                                                              | FX.RT. MUNI BOND        | CUSIP: 587601PD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3622928.40   | 0.44%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 130179EX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $620498.37    | 0.08%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 130179EU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $439150.84    | 0.05%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAWEAH DELTA HEALTH CARE DISTRICT GUILD                                                  | FX.RT. MUNI BOND        | CUSIP: 486375HA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1360992.00   | 0.17%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS                                                                        | FX.RT. MUNI BOND        | CUSIP: 452152B91<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1745212.04   | 0.21%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EASTERN MUNICIPAL WATER DISTRICT                                                         | FX.RT. MUNI BOND        | CUSIP: 27627TBK7<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2896199.73   | 0.35%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES COUNTY PUBLIC WORKS FINANCING AUTHORITY                                      | FX.RT. MUNI BOND        | CUSIP: 54473ESU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3113271.00   | 0.38%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SWEETWATER UNION HIGH SCHOOL DISTRICT                                                    | FX.RT. MUNI BOND        | CUSIP: 870462SD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2462183.93   | 0.30%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 130179GT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $430656.84    | 0.05%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY                                                | FX.RT. MUNI BOND        | CUSIP: 010869HJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $468462.15    | 0.06%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PICO RIVERA PUBLIC FINANCING AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 71988TBG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1410784.01   | 0.17%             | 2030-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TCP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1880456.21   | 0.23%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1270299.75   | 0.15%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANCHO CORDOVA COMMUNITY FACILITIES DISTRICT                                             | FX.RT. MUNI BOND        | CUSIP: 75211RGR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $428867.54    | 0.05%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13032UDV7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001050.90   | 0.37%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA MEDICAL CENTER POOLED REVENUE                    | FX.RT. MUNI BOND        | CUSIP: 913366HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2078766.00   | 0.25%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA MEDICAL CENTER POOLED REVENUE                    | FX.RT. MUNI BOND        | CUSIP: 913366HL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10306853.00  | 1.25%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13032UFK9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005802.10   | 0.12%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF IRVINE CA                                                                        | FX.RT. MUNI BOND        | CUSIP: 46360TEW9<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2280639.25   | 0.28%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF LOS ANGELES                                                                      | FX.RT. MUNI BOND        | CUSIP: 544552ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2174367.80   | 0.26%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1572995.87   | 0.19%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTINELA VALLEY UNION HIGH SCHOOL DISTRICT                                              | FX.RT. MUNI BOND        | CUSIP: 152339RF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5132555.50   | 0.62%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTEE CDC SUCCESSOR AGENCY                                                              | FX.RT. MUNI BOND        | CUSIP: 802862AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2585525.36   | 0.31%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS                                                                        | FX.RT. MUNI BOND        | CUSIP: 452152N64<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4183798.92   | 0.51%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TDC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1477254.61   | 0.18%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13053CAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5359341.45   | 0.65%             | 2046-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048TS38<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3494270.78   | 0.43%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INGLEWOOD REDEVELOPMENT AGENCY SUCCESSOR AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 34637QAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266167.78    | 0.03%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY PUBLIC FINANCING AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 76912TMU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1212501.88   | 0.15%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048T4N0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305538.87    | 0.04%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA HARBOR REVENUE                                                     | FX.RT. MUNI BOND        | CUSIP: 542424VC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5138534.00   | 0.63%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA HARBOR REVENUE                                                     | FX.RT. MUNI BOND        | CUSIP: 542424VD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044839.80   | 0.25%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 463612JY8<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020285.10   | 0.12%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 463612KV2<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013437.30   | 0.12%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 463612JD4<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    400000 | PA      | $408114.04    | 0.05%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 463612JE2<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202687.46    | 0.02%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROMOLAND SCHOOL DISTRICT                                                                 | FX.RT. MUNI BOND        | CUSIP: 776192QP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017309.60   | 0.12%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SSD7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1500291.16   | 0.18%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SSE5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056425.40   | 0.25%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SRU0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    310000 | PA      | $329104.90    | 0.04%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1494707.94   | 0.18%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    720000 | PA      | $732912.70    | 0.09%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TFR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000966.40   | 0.12%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TFT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2319410.76   | 0.28%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048T7L1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265496.95    | 0.03%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048T7N7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6530000 | PA      | $6761239.71   | 0.82%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048T7K3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161044.44    | 0.02%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049SCN2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $632418.78    | 0.08%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049SCM4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    685000 | PA      | $724294.61    | 0.09%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO ASSOCIATION OF GOVERNMENTS SOUTH BAY EXPRESSWAY REVENUE                        | FX.RT. MUNI BOND        | CUSIP: 797257AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3190552.20   | 0.39%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STOCKTON UNIFIED SCHOOL DISTRICT                                                         | FX.RT. MUNI BOND        | CUSIP: 861422FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1449336.68   | 0.18%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STOCKTON UNIFIED SCHOOL DISTRICT                                                         | FX.RT. MUNI BOND        | CUSIP: 861422FG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2499332.11   | 0.30%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STOCKTON UNIFIED SCHOOL DISTRICT                                                         | FX.RT. MUNI BOND        | CUSIP: 861422FH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2610837.59   | 0.32%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                               | FX.RT. MUNI BOND        | CUSIP: 544445ER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10198449.00  | 1.24%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STOCKTON UNIFIED SCHOOL DISTRICT                                                         | FX.RT. MUNI BOND        | CUSIP: 861422FJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078115.50   | 0.13%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN DIEGO TOBACCO SETTLEMENT REVENUE FUNDING CORP                                | FX.RT. MUNI BOND        | CUSIP: 797330AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $536206.10    | 0.07%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SUG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2150910.50   | 0.26%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SUW2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    620000 | PA      | $626740.14    | 0.08%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SUX0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    800000 | PA      | $804916.40    | 0.10%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SVB7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1934247.60   | 0.24%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SUY8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    875000 | PA      | $875951.65    | 0.11%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SVA9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984964.30    | 0.12%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                                 | FX.RT. MUNI BOND        | CUSIP: 91412HBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9110000 | PA      | $9711328.33   | 1.18%             | 2058-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT AUTHORITY OF GUAM                                                                   | FX.RT. MUNI BOND        | CUSIP: 400652AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1500000 | PA      | $1525741.20   | 0.19%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 130486BA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    415000 | PA      | $411881.19    | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 130486BB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1570187.64   | 0.19%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 130486BC6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2023617.28   | 0.25%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 012104RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109713.20   | 0.26%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 012104RP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1705120.73   | 0.21%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13032USK5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   6155000 | PA      | $6242991.26   | 0.76%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13032USH2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1895961.67   | 0.23%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY COLLEGE FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13012RAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $838039.79    | 0.10%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY COLLEGE FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13012RAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603321.78    | 0.07%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY COLLEGE FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13012RAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $801455.20    | 0.10%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY COLLEGE FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13012RAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986931.60    | 0.12%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY COLLEGE FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13012RAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495020.25    | 0.06%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CORONADO COMMUNITY DEVELOPMENT AGENCY SUCCESSOR AGENCY                                   | FX.RT. MUNI BOND        | CUSIP: 21977AAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10610000 | PA      | $11191650.81  | 1.36%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5225549.18   | 0.64%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025912.60   | 0.12%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13081KAV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7195000 | PA      | $7367783.61   | 0.90%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13081KAX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035106.20   | 0.25%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049YCJ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3695000 | PA      | $3685415.91   | 0.45%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4390000 | PA      | $4160634.35   | 0.51%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN-MCKINLEY SCHOOL DISTRICT                                                        | FX.RT. MUNI BOND        | CUSIP: 353856W29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2966416.39   | 0.36%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049YCH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010979.60   | 0.24%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEPARTMENT OF VETERANS AFFAIRS VETERAN'S FARM  AND  HOME PURCHASE PROGRAM                | FX.RT. MUNI BOND        | CUSIP: 130658PS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2862131.31   | 0.35%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROCKLIN CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 773747FL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $493829.09    | 0.06%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROCKLIN CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 773747FM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $492007.43    | 0.06%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $367326.26    | 0.04%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    475000 | PA      | $452977.43    | 0.06%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1297035.07   | 0.16%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VJY5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2827226.17   | 0.34%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VJX7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2169109.64   | 0.26%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TFT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027529.90   | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TFV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3157902.41   | 0.38%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARSON PUBLIC FINANCING AUTHORITY                                                        | FX.RT. MUNI BOND        | CUSIP: 14601GBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1779126.03   | 0.22%             | 2028-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049YEB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2922635.40   | 0.36%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TERRITORY OF GUAM                                                                        | FX.RT. MUNI BOND        | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    785000 | PA      | $827607.68    | 0.10%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13032UUM8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $9942857.10   | 1.21%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VKX5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6120000 | PA      | $5958998.71   | 0.73%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VLA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4683421.50   | 0.57%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5135565.00   | 0.63%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT                                            | FX.RT. MUNI BOND        | CUSIP: 797661YZ2<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   4280000 | PA      | $3728029.37   | 0.45%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT                                            | FX.RT. MUNI BOND        | CUSIP: 797661YG4<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   6365000 | PA      | $4807879.13   | 0.59%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                                        | FX.RT. MUNI BOND        | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2850312 | PA      | $2757477.53   | 0.34%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY VRD CERTIFICATES                                                       | FX.RT. MUNI BOND        | CUSIP: 31350ACU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $753436.39    | 0.09%             | 2035-12-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13035AAR0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    600000 | PA      | $618096.42    | 0.08%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM RANCH FINANCING AUTHORITY                                                         | FX.RT. MUNI BOND        | CUSIP: 344414CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985919.20    | 0.12%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TGJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1764589.75   | 0.21%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TGL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7120000 | PA      | $7132553.27   | 0.87%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDUSTRIAL DEVELOPMENT  AND  EXPORT AUTHORITY                                     | FX.RT. MUNI BOND        | CUSIP: 011903GC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1611880.80   | 0.20%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDUSTRIAL DEVELOPMENT  AND  EXPORT AUTHORITY                                     | FX.RT. MUNI BOND        | CUSIP: 011903GD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2117508.86   | 0.26%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDUSTRIAL DEVELOPMENT  AND  EXPORT AUTHORITY                                     | FX.RT. MUNI BOND        | CUSIP: 011903GF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2423156.44   | 0.29%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDUSTRIAL DEVELOPMENT  AND  EXPORT AUTHORITY                                     | FX.RT. MUNI BOND        | CUSIP: 011903GH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4270000 | PA      | $4143848.83   | 0.50%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870F84<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    465000 | PA      | $483481.15    | 0.06%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870G34<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017108.30   | 0.12%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870G26<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    400000 | PA      | $408848.36    | 0.05%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4876396.50   | 0.59%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTHORITY OF SOUTHERN CALIFORNIA                                  | FX.RT. MUNI BOND        | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12495000 | PA      | $12441948.73  | 1.51%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 79739GMC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896266.70    | 0.11%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SANTA ANA CA GAS TAX REVENUE                                                     | FX.RT. MUNI BOND        | CUSIP: 80111PAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1670466.68   | 0.20%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SANTA ANA CA GAS TAX REVENUE                                                     | FX.RT. MUNI BOND        | CUSIP: 80111PAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1614836.56   | 0.20%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VMW5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3403800.01   | 0.41%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VMV7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1423272.40   | 0.17%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                                        | FX.RT. MUNI BOND        | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4761928 | PA      | $4599900.46   | 0.56%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SAN DIEGO CA                                                                   | FX.RT. MUNI BOND        | CUSIP: 79743ACT8<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |    550000 | PA      | $483415.35    | 0.06%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SAN DIEGO CA                                                                   | FX.RT. MUNI BOND        | CUSIP: 79743ACU5<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |    875000 | PA      | $745661.53    | 0.09%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM HOUSING  AND  PUBLIC IMPROVEMENTS AUTHORITY                                      | FX.RT. MUNI BOND        | CUSIP: 032556JE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2825223.49   | 0.34%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM HOUSING  AND  PUBLIC IMPROVEMENTS AUTHORITY                                      | FX.RT. MUNI BOND        | CUSIP: 032556HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1445079.02   | 0.18%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VERNON CA ELECTRIC SYSTEM REVENUE                                                | FX.RT. MUNI BOND        | CUSIP: 924397DT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $826712.50    | 0.10%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VERNON CA ELECTRIC SYSTEM REVENUE                                                | FX.RT. MUNI BOND        | CUSIP: 924397DU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071807.30   | 0.13%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VERNON CA ELECTRIC SYSTEM REVENUE                                                | FX.RT. MUNI BOND        | CUSIP: 924397DV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1025430.14   | 0.12%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VERNON CA ELECTRIC SYSTEM REVENUE                                                | FX.RT. MUNI BOND        | CUSIP: 924397DW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1128150.05   | 0.14%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VERNON CA ELECTRIC SYSTEM REVENUE                                                | FX.RT. MUNI BOND        | CUSIP: 924397DX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1517738.54   | 0.18%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALINAS UNION HIGH SCHOOL DISTRICT                                                       | FX.RT. MUNI BOND        | CUSIP: 794896FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5960000 | PA      | $5769521.98   | 0.70%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE PUBLIC WORKS BOARD                                                      | FX.RT. MUNI BOND        | CUSIP: 13068L5R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $453346.29    | 0.06%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $277779.06    | 0.03%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NEW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $257208.88    | 0.03%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $366055.32    | 0.04%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $787856.85    | 0.10%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINO COMMUNITY FACILITIES DISTRICT                                                      | FX.RT. MUNI BOND        | CUSIP: 169511VK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $436363.35    | 0.05%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHINO COMMUNITY FACILITIES DISTRICT                                                      | FX.RT. MUNI BOND        | CUSIP: 169511US9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $329253.64    | 0.04%             | 2024-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHINO COMMUNITY FACILITIES DISTRICT                                                      | FX.RT. MUNI BOND        | CUSIP: 169511VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1069633.53   | 0.13%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHINO COMMUNITY FACILITIES DISTRICT                                                      | FX.RT. MUNI BOND        | CUSIP: 169511UT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $336418.16    | 0.04%             | 2025-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER  AND  POWER                                              | FX.RT. MUNI BOND        | CUSIP: 544532BL7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5505847.50   | 0.67%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AG61<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    485000 | PA      | $427005.59    | 0.05%             | 2035-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AG79<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2180970.48   | 0.27%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY HOUSING AGENCY                                                      | FX.RT. MUNI BOND        | CUSIP: 13013FAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4001742.45   | 0.49%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY  AND  COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT         | FX.RT. MUNI BOND        | CUSIP: 79766DTJ8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $489224.90    | 0.06%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13035ABL2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1652577.20   | 0.20%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13035ABN8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1282429.41   | 0.16%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT                                            | FX.RT. MUNI BOND        | CUSIP: 797661ZP3<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2878947.50   | 0.35%             | 2037-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AJ68<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    745000 | PA      | $840490.67    | 0.10%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AJ76<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    780000 | PA      | $877740.94    | 0.11%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AJ84<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    820000 | PA      | $917154.99    | 0.11%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AJ92<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    445000 | PA      | $494059.11    | 0.06%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AK25<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    855000 | PA      | $862718.94    | 0.11%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AK33<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    515000 | PA      | $516268.19    | 0.06%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AK41<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    505000 | PA      | $504575.80    | 0.06%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HASTINGS CAMPUS HOUSING FINANCE AUTHORITY                                                | FX.RT. MUNI BOND        | CUSIP: 418338AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2709381.50   | 0.33%             | 2061-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870N93<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870259.20    | 0.11%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870P26<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    450000 | PA      | $381690.50    | 0.05%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AK82<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   7125000 | PA      | $6347795.03   | 0.77%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMOLAND SCHOOL DISTRICT                                                                 | FX.RT. MUNI BOND        | CUSIP: 776192SC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $495569.05    | 0.06%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMOLAND SCHOOL DISTRICT                                                                 | FX.RT. MUNI BOND        | CUSIP: 776192SD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $649218.98    | 0.08%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMOLAND SCHOOL DISTRICT                                                                 | FX.RT. MUNI BOND        | CUSIP: 776192SE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $1983561.59   | 0.24%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TJZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $219328.96    | 0.03%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TKA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2981534.40   | 0.36%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $923954.94    | 0.11%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NFW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233826.25    | 0.03%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NGX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $297419.95    | 0.04%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NGT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $584269.71    | 0.07%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NFT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96947.99     | 0.01%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NFZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90403.98     | 0.01%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $406556.54    | 0.05%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NGA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89850.86     | 0.01%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $748244.00    | 0.09%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NFV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94432.76     | 0.01%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NGS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $339317.97    | 0.04%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NFS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196042.12    | 0.02%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $215509.32    | 0.03%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NFY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $183027.66    | 0.02%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF FONTANA CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 344630WV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $241180.51    | 0.03%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF FONTANA CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 344630WW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $533733.64    | 0.06%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF FONTANA CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 344630WX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $580994.94    | 0.07%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF FONTANA CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 344630WY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $667699.28    | 0.08%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF FONTANA CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 344630WZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $775424.70    | 0.09%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13051AAR9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    660000 | PA      | $638821.92    | 0.08%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13051AAS7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $965320.62    | 0.12%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13051AAT5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1313914.08   | 0.16%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VUB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $396388.20    | 0.05%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VUE6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $579489.06    | 0.07%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VUF3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1119344.22   | 0.14%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VUA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    860000 | PA      | $863389.52    | 0.11%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VUD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    585000 | PA      | $569162.24    | 0.07%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VUC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    900000 | PA      | $882461.34    | 0.11%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VTJ7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1538208.96   | 0.19%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 13016NJA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $182768.79    | 0.02%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TKB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011807.90   | 0.12%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TKD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4032947.84   | 0.49%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TKC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1189148.04   | 0.14%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 13069BAP1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497504.75    | 0.06%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 13069BAM8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    400000 | PA      | $406539.52    | 0.05%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY                                              | FX.RT. MUNI BOND        | CUSIP: 13069BAR7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    400000 | PA      | $390404.64    | 0.05%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DIXON CA                                                                         | FX.RT. MUNI BOND        | CUSIP: 255650EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $419075.71    | 0.05%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DIXON CA                                                                         | FX.RT. MUNI BOND        | CUSIP: 255650DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $167725.15    | 0.02%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DIXON CA                                                                         | FX.RT. MUNI BOND        | CUSIP: 255650DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $365932.04    | 0.04%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DIXON CA                                                                         | FX.RT. MUNI BOND        | CUSIP: 255650EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $887731.40    | 0.11%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TGY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $732317.12    | 0.09%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059TGZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $967493.95    | 0.12%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059THA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $884712.53    | 0.11%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                                    | FX.RT. MUNI BOND        | CUSIP: 126292AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1906864.25   | 0.23%             | 2056-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY                                          | FX.RT. MUNI BOND        | CUSIP: 345105JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3009726.20   | 0.37%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SACRAMENTO CA                                                                    | FX.RT. MUNI BOND        | CUSIP: 786071RA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $872736.50    | 0.11%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SACRAMENTO CA                                                                    | FX.RT. MUNI BOND        | CUSIP: 786071RC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $523951.22    | 0.06%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                                    | FX.RT. MUNI BOND        | CUSIP: 126292AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $1885748.17   | 0.23%             | 2041-08-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GILROY UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 376087HG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $346819.83    | 0.04%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GILROY UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 376087HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1462709.55   | 0.18%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GILROY UNIFIED SCHOOL DISTRICT                                                           | FX.RT. MUNI BOND        | CUSIP: 376087HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350384.69    | 0.04%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF CALIFORNIA                                                                 | FX.RT. MUNI BOND        | CUSIP: 91412HLZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10650000 | PA      | $12117105.66  | 1.47%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13077EKQ2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $986881.78    | 0.12%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13077EKP4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $449795.60    | 0.05%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE OF CALIFORNIA                                                                      | FX.RT. MUNI BOND        | CUSIP: 13063DZZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $400043.75    | 0.05%             | 2043-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STATE OF CALIFORNIA                                                                      | FX.RT. MUNI BOND        | CUSIP: 13063DA40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1353029.65   | 0.16%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                                        | FX.RT. MUNI BOND        | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4019411 | PA      | $3638113.93   | 0.44%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY I                                                            | FX.RT. MUNI BOND        | CUSIP: 12574TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2621225.95   | 0.32%             | 2056-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO INTERNATIONAL AIRPORT AUTHORITY                                                  | FX.RT. MUNI BOND        | CUSIP: 683042AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $731685.75    | 0.09%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN REGIONAL RAIL COMMISSION                                                     | FX.RT. MUNI BOND        | CUSIP: 79811TBE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $459728.19    | 0.06%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN REGIONAL RAIL COMMISSION                                                     | FX.RT. MUNI BOND        | CUSIP: 79811TBA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $624851.54    | 0.08%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN REGIONAL RAIL COMMISSION                                                     | FX.RT. MUNI BOND        | CUSIP: 79811TBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $367206.69    | 0.04%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN REGIONAL RAIL COMMISSION                                                     | FX.RT. MUNI BOND        | CUSIP: 79811TBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $383656.81    | 0.05%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN REGIONAL RAIL COMMISSION                                                     | FX.RT. MUNI BOND        | CUSIP: 79811TBB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $335525.42    | 0.04%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN REGIONAL RAIL COMMISSION                                                     | FX.RT. MUNI BOND        | CUSIP: 79811TBC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $353160.15    | 0.04%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN REGIONAL RAIL COMMISSION                                                     | FX.RT. MUNI BOND        | CUSIP: 79811TBD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $492075.84    | 0.06%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY HOUSING AGENCY                                                      | FX.RT. MUNI BOND        | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $912132.54    | 0.11%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049YFP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1248439.50   | 0.15%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049YFG1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1292555.95   | 0.16%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049YFK2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1259407.63   | 0.15%             | 2038-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049YFQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9250000 | PA      | $6630447.18   | 0.81%             | 2051-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13051ABH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    660000 | PA      | $598270.73    | 0.07%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13051ABJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $960422.76    | 0.12%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13051ABK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1285501.20   | 0.16%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870T97<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1526910.74   | 0.19%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROSEVILLE CA                                                                     | FX.RT. MUNI BOND        | CUSIP: 777870T71<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    700000 | PA      | $636955.27    | 0.08%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                                    | FX.RT. MUNI BOND        | CUSIP: 126292AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $889410.25    | 0.11%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER  AND  POWER                                              | FX.RT. MUNI BOND        | CUSIP: 544532CN2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1612110.30   | 0.20%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1294209.91   | 0.16%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TMH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $837112.42    | 0.10%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TMG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $487999.98    | 0.06%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TMF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $410308.60    | 0.05%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                               | FX.RT. MUNI BOND        | CUSIP: 785870B62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $756176.49    | 0.09%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                               | FX.RT. MUNI BOND        | CUSIP: 785870B70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979321.40    | 0.12%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                               | FX.RT. MUNI BOND        | CUSIP: 785870B39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $806247.12    | 0.10%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                               | FX.RT. MUNI BOND        | CUSIP: 785870B54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $881913.28    | 0.11%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                               | FX.RT. MUNI BOND        | CUSIP: 785870B47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751084.43    | 0.09%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                               | FX.RT. MUNI BOND        | CUSIP: 785870B88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2883397.80   | 0.35%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                               | FX.RT. MUNI BOND        | CUSIP: 785870B21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $457851.65    | 0.06%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY HOUSING AGENCY                                                      | FX.RT. MUNI BOND        | CUSIP: 13013FAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7775000 | PA      | $5200753.48   | 0.63%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059THD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $568690.54    | 0.07%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059THC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $422339.27    | 0.05%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY  AND  COUNTY OF SAN FRANCISCO CA COMMUNITY FACILITIES DISTRICT NO 2016-1            | FX.RT. MUNI BOND        | CUSIP: 79773JBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $767569.21    | 0.09%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DUBLIN CA                                                                        | FX.RT. MUNI BOND        | CUSIP: 26362DAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $730380.10    | 0.09%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DUBLIN CA                                                                        | FX.RT. MUNI BOND        | CUSIP: 26362DAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $714814.20    | 0.09%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ONTARIO CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 68304NCC1<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    500000 | PA      | $466527.05    | 0.06%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ONTARIO CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 68304NCD9<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    600000 | PA      | $519256.20    | 0.06%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ONTARIO CA                                                                       | FX.RT. MUNI BOND        | CUSIP: 68304NCE7<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $932840.30    | 0.11%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                                    | FX.RT. MUNI BOND        | CUSIP: 126292AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $4527627.00   | 0.55%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | FX.RT. MUNI BOND        | CUSIP: 13080SC85<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $5997737.70   | 0.73%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13048VWS3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    960000 | PA      | $718323.17    | 0.09%             | 2041-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13034AV23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1141821.50   | 0.14%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIRFIELD COMMUNITY FACILITIES DISTRICT                                                  | FX.RT. MUNI BOND        | CUSIP: 304194FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2120824.50   | 0.26%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                         | FX.RT. MUNI BOND        | CUSIP: 13032UB23<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9548108.00   | 1.16%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PACIFICA SCHOOL DISTRICT                                                                 | FX.RT. MUNI BOND        | CUSIP: 69511CBJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2639109.00   | 0.32%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MENIFEE UNION SCHOOL DISTRICT                                                            | FX.RT. MUNI BOND        | CUSIP: 5868103Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $477729.40    | 0.06%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MENIFEE UNION SCHOOL DISTRICT                                                            | FX.RT. MUNI BOND        | CUSIP: 5868104C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1538231.01   | 0.19%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA MARIA JOINT UNION HIGH SCHOOL DISTRICT                                             | FX.RT. MUNI BOND        | CUSIP: 802309NM2<br>LEI: 5493006E0NB791MBEL10 | Long             | DBT              | MUN               | US        |    355000 | PA      | $312595.00    | 0.04%             | 2037-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANTA MARIA JOINT UNION HIGH SCHOOL DISTRICT                                             | FX.RT. MUNI BOND        | CUSIP: 802309NS9<br>LEI: 5493006E0NB791MBEL10 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $1779501.72   | 0.22%             | 2042-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANTA MARIA JOINT UNION HIGH SCHOOL DISTRICT                                             | FX.RT. MUNI BOND        | CUSIP: 802309NL4<br>LEI: 5493006E0NB791MBEL10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $224207.40    | 0.03%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANTA MARIA JOINT UNION HIGH SCHOOL DISTRICT                                             | FX.RT. MUNI BOND        | CUSIP: 802309NP5<br>LEI: 5493006E0NB791MBEL10 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1181089.22   | 0.14%             | 2039-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VERNON CA ELECTRIC SYSTEM REVENUE                                                | FX.RT. MUNI BOND        | CUSIP: 924397FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $767007.11    | 0.09%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF VERNON CA ELECTRIC SYSTEM REVENUE                                                | FX.RT. MUNI BOND        | CUSIP: 924397FF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $442171.79    | 0.05%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TPF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2109883.50   | 0.26%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY  AND  COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT         | FX.RT. MUNI BOND        | CUSIP: 79766DUN7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5285000 | PA      | $5678113.10   | 0.69%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                               | FX.RT. MUNI BOND        | CUSIP: 544445YU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1181240.70   | 0.14%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                               | FX.RT. MUNI BOND        | CUSIP: 544445YV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1174275.10   | 0.14%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                               | FX.RT. MUNI BOND        | CUSIP: 544445YW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $789169.18    | 0.10%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049RBR6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $562830.08    | 0.07%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049RBS4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $546434.03    | 0.07%             | 2056-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | FX.RT. MUNI BOND        | CUSIP: 13049RBQ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    295000 | PA      | $238227.16    | 0.03%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER  AND  POWER                                              | FX.RT. MUNI BOND        | CUSIP: 544532ET7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2472948.28   | 0.30%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SAN DIEGO CA                                                                   | FX.RT. MUNI BOND        | CUSIP: 7973915D7<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |   6645000 | PA      | $7342412.69   | 0.89%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TPU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007170.80   | 0.12%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA MEDICAL CENTER POOLED REVENUE                    | FX.RT. MUNI BOND        | CUSIP: 913366KN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21125000 | PA      | $23358951.85  | 2.84%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                             | FX.RT. MUNI BOND        | CUSIP: 542403CS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $651267.40    | 0.08%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                             | FX.RT. MUNI BOND        | CUSIP: 542403CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550561.60    | 0.07%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                             | FX.RT. MUNI BOND        | CUSIP: 542403DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550561.60    | 0.07%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                             | FX.RT. MUNI BOND        | CUSIP: 542403DP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $1031177.84   | 0.13%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                             | FX.RT. MUNI BOND        | CUSIP: 542403CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $642437.60    | 0.08%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                             | FX.RT. MUNI BOND        | CUSIP: 542403CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1115261.49   | 0.14%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                             | FX.RT. MUNI BOND        | CUSIP: 542403DL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $445311.04    | 0.05%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POWAY UNIFIED SCHOOL DISTRICT                                                            | FX.RT. MUNI BOND        | CUSIP: 738855N35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2658659.00   | 0.32%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH SAN FRANCISCO PUBLIC FACILITIES FINANCING AUTHORITY                                | FX.RT. MUNI BOND        | CUSIP: 840035CN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1378778.25   | 0.17%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EAST BAY MUNICIPAL UTILITY DISTRICT WASTEWATER SYSTEM REVENUE                            | FX.RT. MUNI BOND        | CUSIP: 271012GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1262988.34   | 0.15%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH SAN FRANCISCO PUBLIC FACILITIES FINANCING AUTHORITY                                | FX.RT. MUNI BOND        | CUSIP: 840035CL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $657626.58    | 0.08%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER  AND  POWER WATER SYSTEM REVENUE                         | FX.RT. MUNI BOND        | CUSIP: 544525M21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8150000 | PA      | $9080685.18   | 1.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES DEPARTMENT OF WATER  AND  POWER                                              | FX.RT. MUNI BOND        | CUSIP: 544532FR0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1677733.80   | 0.20%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIO FINANCE AUTHORITY                                                                  | FX.RT. MUNI BOND        | CUSIP: 45571LDP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4457458.40   | 0.54%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                               | FX.RT. MUNI BOND        | CUSIP: 544445C64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9282852.90   | 1.13%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY  AND  COUNTY OF SAN FRANCISCO CA INFRASTRUCTURE  AND  REVITALIZATION FING DIST NO 1 | FX.RT. MUNI BOND        | CUSIP: 79773NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1246746.15   | 0.15%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13035ADA4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2369326.14   | 0.29%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | FX.RT. MUNI BOND        | CUSIP: 13035ADC0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5059974.00   | 0.62%             | 2057-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN PLACER WASTE MANAGEMENT AUTHORITY                                                | FX.RT. MUNI BOND        | CUSIP: 95921MAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1308627.82   | 0.16%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN PLACER WASTE MANAGEMENT AUTHORITY                                                | FX.RT. MUNI BOND        | CUSIP: 95921MAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1330442.64   | 0.16%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN PLACER WASTE MANAGEMENT AUTHORITY                                                | FX.RT. MUNI BOND        | CUSIP: 95921MAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1257427.58   | 0.15%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13058TRE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927559.10    | 0.11%             | 2062-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SWEETWATER UNION HIGH SCHOOL DISTRICT                                                    | FX.RT. MUNI BOND        | CUSIP: 870462UG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7010375.45   | 0.85%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN LUIS OBISPO COUNTY FINANCING AUTHORITY                                               | FX.RT. MUNI BOND        | CUSIP: 798712DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2101428.16   | 0.26%             | 2047-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13059THH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1573737.60   | 0.19%             | 2052-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KERN COMMUNITY COLLEGE DISTRICT                                                          | FX.RT. MUNI BOND        | CUSIP: 492244GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2601497.41   | 0.32%             | 2039-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION CORP                                                 | FX.RT. MUNI BOND        | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5137260.50   | 0.63%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                   | GOVERNMENT FUTURES      | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       215 | NC      | $25430468.75  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTEBELLO UNIFIED SCHOOL DISTRICT                                                       | MUNI ORIG ISSUE DISC    | CUSIP: 612289UR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2170699.40   | 0.26%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTEBELLO UNIFIED SCHOOL DISTRICT                                                       | MUNI ORIG ISSUE DISC    | CUSIP: 612289UT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3212328.90   | 0.39%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTHORITY                                                                   | MUNI ORIG ISSUE DISC    | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2574326.72   | 0.31%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTHORITY                                                                   | MUNI ORIG ISSUE DISC    | CUSIP: 55374SAA8<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    925000 | PA      | $1024139.84   | 0.12%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CITY OF YUCAIPA CA                                                                       | MUNI ORIG ISSUE DISC    | CUSIP: 98839UDV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2359433.61   | 0.29%             | 2030-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTHORITY                                                                   | MUNI ORIG ISSUE DISC    | CUSIP: 55374SAC4<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $7186342.80   | 0.87%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FOOTHILL-EASTERN TRANSPORTATION CORRIDOR AGENCY                                          | MUNI ORIG ISSUE DISC    | CUSIP: 345105GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8260737.60   | 1.01%             | 2053-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | MUNI ORIG ISSUE DISC    | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6327318.60   | 0.77%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH NATOMAS COMMUNITY FACILITIES DISTRICT/CA                                           | MUNI ORIG ISSUE DISC    | CUSIP: 661253CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1373668.27   | 0.17%             | 2033-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHINO COMMUNITY FACILITIES DISTRICT                                                      | MUNI ORIG ISSUE DISC    | CUSIP: 169511WZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1641878.99   | 0.20%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                                   | MUNI ORIG ISSUE DISC    | CUSIP: 13080SWL4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    710000 | PA      | $636550.86    | 0.08%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHINO COMMUNITY FACILITIES DISTRICT                                                      | MUNI ORIG ISSUE DISC    | CUSIP: 169511XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1669066.16   | 0.20%             | 2047-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHINO COMMUNITY FACILITIES DISTRICT                                                      | MUNI ORIG ISSUE DISC    | CUSIP: 169511XB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2054560.40   | 0.25%             | 2052-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                                    | MUNI ORIG ISSUE DISC    | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $1915369.94   | 0.23%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                                    | MUNI ORIG ISSUE DISC    | CUSIP: 126292AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2220570.62   | 0.27%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                                    | MUNI ORIG ISSUE DISC    | CUSIP: 126292BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9110000 | PA      | $6062724.13   | 0.74%             | 2057-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| POWAY UNIFIED SCHOOL DISTRICT                                                            | MUNI ORIG ISSUE DISC    | CUSIP: 738855N27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1208735.25   | 0.15%             | 2047-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| POWAY UNIFIED SCHOOL DISTRICT                                                            | MUNI ORIG ISSUE DISC    | CUSIP: 738855M93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $780699.44    | 0.10%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                         | MUNI PUT BOND ACT       | CUSIP: 130536LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2445703.75   | 0.30%             | 2038-11-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                          | MUNI PUT BOND ACT       | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  11600000 | PA      | $11648845.28  | 1.42%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                                   | MUNI PUT BOND ACT       | CUSIP: 13048RAC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1508461.76   | 0.18%             | 2039-02-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE UNIVERSITY                                                              | MUNI PUT BOND ACT       | CUSIP: 13077C4K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1313968.50   | 0.16%             | 2049-11-01      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                         | MUNI PUT BOND ACT       | CUSIP: 130536LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1100566.69   | 0.13%             | 2031-07-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                                | MUNI PUT BOND ACT       | CUSIP: 13034AD23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4281116.96   | 0.52%             | 2055-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| NORTHERN CALIFORNIA ENERGY AUTHORITY                                                     | MUNI PUT BOND ACT       | CUSIP: 664840AD7<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $12991254.90  | 1.58%             | 2049-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY REDEVELOPMENT SUCCESSOR AGENCY                                          | MUNI STEP UP BOND       | CUSIP: 76913AKS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $253190.74    | 0.03%             | 2028-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY REDEVELOPMENT SUCCESSOR AGENCY                                          | MUNI STEP UP BOND       | CUSIP: 76913AKX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1069141.26   | 0.13%             | 2037-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY REDEVELOPMENT SUCCESSOR AGENCY                                          | MUNI STEP UP BOND       | CUSIP: 76913AKY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2090045.86   | 0.25%             | 2041-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY REDEVELOPMENT SUCCESSOR AGENCY                                          | MUNI STEP UP BOND       | CUSIP: 76913AKQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542045.75    | 0.07%             | 2026-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NAPA VALLEY COMMUNITY COLLEGE DISTRICT                                                   | MUNI STEP UP BOND       | CUSIP: 630360EX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548244.80   | 0.19%             | 2034-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY REDEVELOPMENT SUCCESSOR AGENCY                                          | MUNI STEP UP BOND       | CUSIP: 76913AKW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $310396.16    | 0.04%             | 2032-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY REDEVELOPMENT SUCCESSOR AGENCY                                          | MUNI STEP UP BOND       | CUSIP: 76913AKN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $462016.09    | 0.06%             | 2024-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY                                                | MUNI STEP UP BOND       | CUSIP: 010869JP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $4773047.00   | 0.58%             | 2049-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY REDEVELOPMENT SUCCESSOR AGENCY                                          | MUNI STEP UP BOND       | CUSIP: 76913AKT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $832512.44    | 0.10%             | 2029-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                          | MUNI. ZERO              | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7295000 | PA      | $1435347.42   | 0.17%             | 2055-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO UNIFIED SCHOOL DISTRICT/CA                                                     | MUNI. ZERO              | CUSIP: 7973556P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1398893.99   | 0.17%             | 2032-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO UNIFIED SCHOOL DISTRICT/CA                                                     | MUNI. ZERO              | CUSIP: 7973556S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $640340.97    | 0.08%             | 2035-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CERES UNIFIED SCHOOL DISTRICT                                                            | MUNI. ZERO              | CUSIP: 156753PP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $515288.46    | 0.06%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CERES UNIFIED SCHOOL DISTRICT                                                            | MUNI. ZERO              | CUSIP: 156753PJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $454699.53    | 0.06%             | 2034-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CERES UNIFIED SCHOOL DISTRICT                                                            | MUNI. ZERO              | CUSIP: 156753PL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $310745.54    | 0.04%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CERES UNIFIED SCHOOL DISTRICT                                                            | MUNI. ZERO              | CUSIP: 156753PQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $582219.24    | 0.07%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CERES UNIFIED SCHOOL DISTRICT                                                            | MUNI. ZERO              | CUSIP: 156753PN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $508546.80    | 0.06%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CERES UNIFIED SCHOOL DISTRICT                                                            | MUNI. ZERO              | CUSIP: 156753PH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $166889.30    | 0.02%             | 2033-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO UNIFIED SCHOOL DISTRICT/CA                                                     | MUNI. ZERO              | CUSIP: 7973556Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1125053.99   | 0.14%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HARTNELL COMMUNITY COLLEGE DISTRICT/CA                                                   | MUNI. ZERO              | CUSIP: 417123EJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $1901063.85   | 0.23%             | 2037-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HARTNELL COMMUNITY COLLEGE DISTRICT/CA                                                   | MUNI. ZERO              | CUSIP: 417123EH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $2719872.80   | 0.33%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HARTNELL COMMUNITY COLLEGE DISTRICT/CA                                                   | MUNI. ZERO              | CUSIP: 417123EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $602281.90    | 0.07%             | 2035-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH UNIFIED SCHOOL DISTRICT                                                       | MUNI. ZERO              | CUSIP: 542433QM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $540460.90    | 0.07%             | 2037-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH COMMUNITY COLLEGE DISTRICT                                                    | MUNI. ZERO              | CUSIP: 542411GG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $427304.63    | 0.05%             | 2033-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH COMMUNITY COLLEGE DISTRICT                                                    | MUNI. ZERO              | CUSIP: 542411GH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $975829.20    | 0.12%             | 2034-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM PUBLIC FINANCING AUTHORITY                                                       | MUNI. ZERO              | CUSIP: 03255LBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3650727.50   | 0.44%             | 2031-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                              | MUNI. ZERO              | CUSIP: 130175SC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $290465.37    | 0.04%             | 2028-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MURRIETA VALLEY UNIFIED SCHOOL DISTRICT PUBLIC FINANCING AUTHORITY                       | MUNI. ZERO              | CUSIP: 626905JE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1469009.60   | 0.18%             | 2031-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ROHNERT PARK COMMUNITY DEVELOPMENT COMMISSION SUCCESSOR AGENCY                           | MUNI. ZERO              | CUSIP: 77539HCS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1231678.55   | 0.15%             | 2025-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA UNIFIED SCHOOL DISTRICT SCHOOL FACILITIES IMPT DIST NO 1/CA               | MUNI. ZERO              | CUSIP: 34440NCU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1390458.06   | 0.17%             | 2025-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND                                                        | SHORT TERM INV FUND     | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        |   1872910 | NS      | $1872910.00   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                                                 | U.S. T BILLS            | CUSIP: 912796ZH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $300000.00    | 0.04%             | 2023-01-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                                                 | U.S. T BILLS            | CUSIP: 912796ZJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    377000 | PA      | $376734.81    | 0.05%             | 2023-01-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY  AND  COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT         | VAR.RT.MUNI NOTE NT     | CUSIP: 79766DLB3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3505000 | PA      | $3505000.00   | 0.43%             | 2058-05-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FINANCE AUTHORITY                                                      | VAR.RT.MUNI NOTE NT     | CUSIP: 13057EBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2240000.00   | 0.27%             | 2052-08-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTHORITY                                                                  | VAR.RT.MUNI NOTE NT     | CUSIP: 072024VZ2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   7610000 | PA      | $7610000.00   | 0.93%             | 2053-04-01      | Variable      | 2.91%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SAN BERNARDINO CA                                                              | VARIABLE RATE MUNI BOND | CUSIP: 796839AQ1<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2492420.00   | 0.30%             | 2023-08-01      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-24

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer