# EDGAR Filing Document

**Accession Number:** 0000778365
**File Stem:** 0001752724-25-207507
**Filing Date:** 2025-8
**Character Count:** 219625
**Document Hash:** c96459fe55022d86653faf7de1b46dd1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207507.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207507

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eaton Vance Municipals Trust
- **CENTRAL INDEX KEY:** 0000778365

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04409
- **FILM NUMBER:** 251261542

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-482-8260

**MAIL ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EATON VANCE HIGH YIELD MUNICIPALS TRUST
- **DATE OF NAME CHANGE:** 19910203

## Series and Classes Contracts Data

### Eaton Vance California Municipal Opportunities Fund (Series ID: S000004860)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000013166 | Eaton Vance California Municipal Opportunities Fund Class A | EACAX           |
| C000013168 | Eaton Vance California Municipal Opportunities Fund Class C | ECCAX           |
| C000063954 | Eaton Vance California Municipal Opportunities Fund Class I | EICAX           |

## Nport-Ex

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited)

------

Corporate Bonds — 0.2%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Other Revenue — 0.2% | Other Revenue — 0.2% | Other Revenue — 0.2% |
| Morongo Band of Mission Indians, 7.00%, 10/1/39<sup>(1)</sup> | $2080 | &nbsp;&nbsp;$2206314 |
| Total Corporate Bonds<br> (identified cost $2,080,000) |  | &nbsp;&nbsp;**$2206314** |

---

Tax-Exempt Municipal Obligations — 93.9%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 11.5% | Education — 11.5% | Education — 11.5% |
| California Educational Facilities Authority, (Stanford University): |  |  |
| &nbsp;&nbsp;&nbsp;5.00% to 3/1/35 (Put Date), 3/1/55 | $4000 | &nbsp;&nbsp;$4569329 |
| &nbsp;&nbsp;&nbsp;5.25%, 4/1/40 | 8465 | &nbsp;&nbsp;&nbsp;&nbsp; 9794277 |
| California Educational Facilities Authority, (University of Southern California)), 5.00%, 10/1/55 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10298404 |
| California Enterprise Development Authority, (Campbell Hall Episcopal): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/40 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4735870 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5301748 |
| California Enterprise Development Authority, (Castilleja School Foundation): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/54 | 1120 | &nbsp;&nbsp;&nbsp;&nbsp; 958246 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/49 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2530002 |
| California Enterprise Development Authority, (Curtis School Foundation): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/49 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1748674 |
| &nbsp;&nbsp;&nbsp;4.00%, 6/1/53 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1716919 |
| California Enterprise Development Authority, (Sage Hill School): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/50 | 13760 | &nbsp;&nbsp;&nbsp;&nbsp; 12126179 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/1/54 | 6000 | &nbsp;&nbsp;&nbsp;&nbsp; 5218621 |
| California Enterprise Development Authority, (The Rocklin Academy): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/54<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 459385 |
| &nbsp;&nbsp;&nbsp;5.00%, 6/1/64<sup>(1)</sup> | 2920 | &nbsp;&nbsp;&nbsp;&nbsp; 2613910 |
| California Infrastructure and Economic Development Bank, (The Colburn School), Social Bonds, 2.82%, (SIFMA + 0.90%), 6/1/27 (Put Date), 8/1/72<sup>(2)</sup> | 5750 | &nbsp;&nbsp;&nbsp;&nbsp; 5721086 |
| California Municipal Finance Authority (St. Ignatius College Preparatory), 5.00%, 9/1/49 | 6750 | &nbsp;&nbsp;&nbsp;&nbsp; 6912113 |
| California Municipal Finance Authority, (California Baptist University), 5.00%, 11/1/35<sup>(1)</sup> | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2297197 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education (continued) | Education (continued) | Education (continued) |
| California School Finance Authority, (Alliance for College Ready Public Schools): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/34<sup>(1)</sup> | $1000 | &nbsp;&nbsp;$984102 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/39<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp; 278608 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/49<sup>(1)</sup> | 2990 | &nbsp;&nbsp;&nbsp;&nbsp; 2959492 |
| California School Finance Authority, (Granada Hills Charter Obligated Group): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/54<sup>(1)</sup> | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2206387 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/64<sup>(1)</sup> | 1800 | &nbsp;&nbsp;&nbsp;&nbsp; 1719860 |
| California School Finance Authority, (Green Dot Public Schools): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/28<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;570 | &nbsp;&nbsp;&nbsp;&nbsp; 593481 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/38<sup>(1)</sup> | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2523188 |
| California University, 5.00%, 11/1/47 | 8750 | &nbsp;&nbsp;&nbsp;&nbsp; 8688820 |
| University of California, 5.00%, 5/15/40 | 6035 | &nbsp;&nbsp;&nbsp;&nbsp; 6551367 |
| University of California Medical Center, 5.00%, 5/15/47 | 9530 | &nbsp;&nbsp;&nbsp;&nbsp; 9689152 |
|  |  | &nbsp;&nbsp;**$113196417** |
| Electric Utilities — 0.3% | Electric Utilities — 0.3% | Electric Utilities — 0.3% |
| Trinity Public Utilities District, CA, Green Bonds, 3.00%, 4/1/31 | $1190 | &nbsp;&nbsp;$1063185 |
| Vernon, CA, Electric System Revenue, 5.00%, 8/1/35 | 1420 | &nbsp;&nbsp;&nbsp;&nbsp; 1517214 |
|  |  | &nbsp;&nbsp;**$2580399** |
| General Obligations — 41.7% | General Obligations — 41.7% | General Obligations — 41.7% |
| ABC Unified School District, CA, (Election of 2018), 4.00%, 8/1/47 | $5780 | &nbsp;&nbsp;$5379956 |
| Antelope Valley Union High School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;635 | &nbsp;&nbsp;&nbsp;&nbsp; 682202 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1060119 |
| Belmont-Redwood Shores School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 8/1/54 | 1120 | &nbsp;&nbsp;&nbsp;&nbsp; 1120037 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 545906 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp; 782625 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 746817 |
| Berkeley Unified School District, CA, (Election of 2020), 5.00%, 8/1/44 | 2710 | &nbsp;&nbsp;&nbsp;&nbsp; 2895851 |
| Beverly Hills Unified School District, CA, (Election of 2008): |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 8/1/30 | 5585 | &nbsp;&nbsp;&nbsp;&nbsp; 4796529 |
| &nbsp;&nbsp;&nbsp;0.00%, 8/1/32 | 6465 | &nbsp;&nbsp;&nbsp;&nbsp; 5168052 |
| Beverly Hills Unified School District, CA, (Election of 2018), 3.25%, 8/1/42 | 9960 | &nbsp;&nbsp;&nbsp;&nbsp; 8566210 |

---

------

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Burbank Unified School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 8/1/47 | $1280 | &nbsp;&nbsp;$1228981 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 545470 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 539741 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 749119 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp; 932038 |
| California: |  |  |
| &nbsp;&nbsp;&nbsp;4.55%, 12/1/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1040842 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/42 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10575918 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/44 | 2400 | &nbsp;&nbsp;&nbsp;&nbsp; 2543309 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/1/45 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3160033 |
| Calistoga Joint Unified School District, CA, (Election of 2022): |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, 8/1/54 | 1525 | &nbsp;&nbsp;&nbsp;&nbsp; 1521517 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp; 661148 |
| Chaffey Joint Union High School District, CA, (Election of 2012), 5.00%, 8/1/44 | 10520 | &nbsp;&nbsp;&nbsp;&nbsp; 10519919 |
| Clovis Unified School District, CA, (Election of 2020), 5.25%, 8/1/39 | 1860 | &nbsp;&nbsp;&nbsp;&nbsp; 1996586 |
| Culver City Unified School District, CA, (Election of 2024), 4.00%, 8/1/44 | 6640 | &nbsp;&nbsp;&nbsp;&nbsp; 6143321 |
| Cupertino Union School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.75%, 8/1/44 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp; 1246692 |
| &nbsp;&nbsp;&nbsp;5.75%, 8/1/45 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1409161 |
| &nbsp;&nbsp;&nbsp;5.75%, 8/1/50 | 10410 | &nbsp;&nbsp;&nbsp;&nbsp; 11617249 |
| Encinitas Union School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 436376 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp; 916829 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp; 830703 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 533016 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;&nbsp;&nbsp; 705625 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/50 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2619212 |
| Fairfield-Suisun Unified School District, CA, 0.00%, 2/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp; 456413 |
| Folsom Cordova Unified School District School Facilities Improvement District No. 5, CA, (Election of 2014), 4.00%, 10/1/40 | 4355 | &nbsp;&nbsp;&nbsp;&nbsp; 4250395 |
| Folsom Cordova Unified School District, CA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/33<sup>(3)</sup> | 1120 | &nbsp;&nbsp;&nbsp;&nbsp; 1291023 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/33<sup>(3)</sup> | 1430 | &nbsp;&nbsp;&nbsp;&nbsp; 1648359 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/34<sup>(3)</sup> | 1260 | &nbsp;&nbsp;&nbsp;&nbsp; 1460009 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/35<sup>(3)</sup> | 1400 | &nbsp;&nbsp;&nbsp;&nbsp; 1605411 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/1/36<sup>(3)</sup> | 1560 | &nbsp;&nbsp;&nbsp;&nbsp; 1772072 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Folsom Cordova Unified School District, CA, (Election of 2024), 4.25%, 10/1/51 | $2530 | &nbsp;&nbsp;$2352594 |
| Fontana Unified School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/39 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1271437 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | 1165 | &nbsp;&nbsp;&nbsp;&nbsp; 1273536 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | 1305 | &nbsp;&nbsp;&nbsp;&nbsp; 1414613 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 1185 | &nbsp;&nbsp;&nbsp;&nbsp; 1270049 |
| Fullerton Joint Union High School District, CA, (Election of 2024), 4.00%, 8/1/54 | 7895 | &nbsp;&nbsp;&nbsp;&nbsp; 6881602 |
| Gilroy Unified School District, CA, (Election of 2016), 4.00%, 8/1/41 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1657616 |
| Hacienda La Puente Unified School District, CA, (Election of 2016): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 743816 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/42 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1948566 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/43 | 1395 | &nbsp;&nbsp;&nbsp;&nbsp; 1344220 |
| Jefferson Union High School District, CA, (Election of 2020): |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, 8/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp; 596428 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp; 683774 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 812347 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1072625 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 852060 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1058437 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1053536 |
| Kentfield School District, CA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/35 | 2340 | &nbsp;&nbsp;&nbsp;&nbsp; 2702844 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/37 | 1725 | &nbsp;&nbsp;&nbsp;&nbsp; 1958461 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1113909 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1264907 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp; 1070306 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp; 1155960 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | 1630 | &nbsp;&nbsp;&nbsp;&nbsp; 1726323 |
| Kern Community College District, CA, (Election of 2016): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/37 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1676769 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1082811 |
| La Canada Unified School District, CA, (Election of 2017): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/41 | 1190 | &nbsp;&nbsp;&nbsp;&nbsp; 1316053 |
| &nbsp;&nbsp;&nbsp;5.50%, 8/1/43 | 1780 | &nbsp;&nbsp;&nbsp;&nbsp; 1973011 |
| &nbsp;&nbsp;&nbsp;5.75%, 8/1/50 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4407077 |
| Lakeside Union School District San Diego County, CA, (Election of 2008), 0.00%, 8/1/37 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 2485709 |

---

------

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Lompoc Unified School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/46 | $1000 | &nbsp;&nbsp;$1064259 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/50 | 2610 | &nbsp;&nbsp;&nbsp;&nbsp; 2767466 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/54 | 4290 | &nbsp;&nbsp;&nbsp;&nbsp; 4523720 |
| Long Beach Unified School District, CA, (Election of 2016), 4.00%, 8/1/39 | 2095 | &nbsp;&nbsp;&nbsp;&nbsp; 2069760 |
| Los Angeles Unified School District, CA, Sustainability Bonds, 5.00%, 7/1/39 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp; 4353755 |
| Los Angeles Unified School District, CA, (Election of 2008), 4.00%, 7/1/40 | 18000 | &nbsp;&nbsp;&nbsp;&nbsp; 17265731 |
| Los Banos Unified School District, CA, (Election of 2018), 4.50%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;955 | &nbsp;&nbsp;&nbsp;&nbsp; 919072 |
| Madera Unified School District, CA, (Election of 2018): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp; 930980 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/46 | 3250 | &nbsp;&nbsp;&nbsp;&nbsp; 3466912 |
| Manteca Unified School District, CA, (Election of 2020): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/42 | 2750 | &nbsp;&nbsp;&nbsp;&nbsp; 3008372 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/43 | 2060 | &nbsp;&nbsp;&nbsp;&nbsp; 2239561 |
| Menlo Park City School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 7/1/53 | 2475 | &nbsp;&nbsp;&nbsp;&nbsp; 2200134 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/50 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2349680 |
| Milpitas Unified School District, CA, (Election of 2018): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/39 | 3780 | &nbsp;&nbsp;&nbsp;&nbsp; 3820726 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/40 | 4075 | &nbsp;&nbsp;&nbsp;&nbsp; 4076385 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/42 | 2360 | &nbsp;&nbsp;&nbsp;&nbsp; 2293700 |
| Modesto High School District, CA, (Election of 2022): |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 8/1/52 | 2440 | &nbsp;&nbsp;&nbsp;&nbsp; 2360677 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp; 1515173 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 803829 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1051867 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/50 | 3750 | &nbsp;&nbsp;&nbsp;&nbsp; 3954460 |
| Monterey Peninsula Unified School District, CA, 4.00%, 8/1/45 | 11000 | &nbsp;&nbsp;&nbsp;&nbsp; 10161825 |
| Morgan Hill Unified School District, CA, (Election of 2012): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/40 | 3860 | &nbsp;&nbsp;&nbsp;&nbsp; 4263952 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/41 | 2440 | &nbsp;&nbsp;&nbsp;&nbsp; 2675268 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/42 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2179532 |
| Mountain View Whisman School District, CA, (Election of 2020): |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 9/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 351902 |
| &nbsp;&nbsp;&nbsp;3.00%, 9/1/45 | 8200 | &nbsp;&nbsp;&nbsp;&nbsp; 6367530 |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1009744 |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/39 | 1950 | &nbsp;&nbsp;&nbsp;&nbsp; 1957979 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Mountain View Whisman School District, CA, (Election of 2020): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/40 | $1300 | &nbsp;&nbsp;$1297860 |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/41 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp; 1080981 |
| Napa Valley Unified School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp; 751435 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 529219 |
| &nbsp;&nbsp;&nbsp;5.25%, 8/1/50 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1855581 |
| North Monterey County Unified School District, CA: |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp; 378190 |
| &nbsp;&nbsp;&nbsp;4.00%, 5/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp; 330112 |
| Pajaro Valley Unified School District, CA, 4.00%, 8/1/45 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9408318 |
| Palo Alto Unified School District, CA, (Election of 2008), 0.00%, 8/1/33 | 11380 | &nbsp;&nbsp;&nbsp;&nbsp; 8908585 |
| Pasadena, CA, (Central Library), 5.00%, 9/1/51 | 5070 | &nbsp;&nbsp;&nbsp;&nbsp; 5347447 |
| Piner-Olivet Union Elementary School District, CA, (Election of 2024), 4.00%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp; 54064 |
| Placentia-Yorba Linda Unified School District, CA, 3.00%, 8/1/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1715132 |
| Pleasanton Unified School District, CA, (Election of 2016): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/38 | 1905 | &nbsp;&nbsp;&nbsp;&nbsp; 2143882 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/39 | 1090 | &nbsp;&nbsp;&nbsp;&nbsp; 1215776 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | 1065 | &nbsp;&nbsp;&nbsp;&nbsp; 1176391 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | 1180 | &nbsp;&nbsp;&nbsp;&nbsp; 1287309 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 2485 | &nbsp;&nbsp;&nbsp;&nbsp; 2676109 |
| Pleasanton Unified School District, CA, (Election of 2022): |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 8/1/46 | 1060 | &nbsp;&nbsp;&nbsp;&nbsp; 1018314 |
| &nbsp;&nbsp;&nbsp;4.50%, 8/1/52 | 2445 | &nbsp;&nbsp;&nbsp;&nbsp; 2369151 |
| Puerto Rico: |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;638 | &nbsp;&nbsp;&nbsp;&nbsp; 441565 |
| &nbsp;&nbsp;&nbsp;5.625%, 7/1/29 | 3045 | &nbsp;&nbsp;&nbsp;&nbsp; 3213271 |
| Rio Hondo Community College District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 547019 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp; 606069 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1072625 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1065922 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/45 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1319012 |
| Riverside Community College District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 197885 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp; 794969 |
| San Bernardino Community College District, CA, (Election of 2018), 4.125%, 8/1/49 | 4630 | &nbsp;&nbsp;&nbsp;&nbsp; 4321877 |

---

------

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| San Carlos School District, CA, 4.00%, 10/1/43 | $1675 | &nbsp;&nbsp;$1630169 |
| San Diego Community College District, CA, (Election of 2024), 5.00%, 8/1/55<sup>(4)</sup> | 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 15688500 |
| San Diego Unified School District, CA, (Election of 2012): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/43 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1927643 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp; 601149 |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp; 791076 |
| San Dieguito Union High School District, CA, 5.00%, 2/1/40 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5505304 |
| San Jose-Evergreen Community College District, CA, (Election of 2016): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp; 641522 |
| &nbsp;&nbsp;&nbsp;4.00%, 9/1/42 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1946751 |
| San Juan Unified School District, CA, (Election of 2016), 4.00%, 8/1/49 | 1395 | &nbsp;&nbsp;&nbsp;&nbsp; 1249817 |
| San Luis Coastal Unified School District, CA, (Election of 2022), 4.00%, 8/1/53 | 3140 | &nbsp;&nbsp;&nbsp;&nbsp; 2779824 |
| San Marino Unified School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 8/1/50<sup>(3)</sup> | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2925646 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/41<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;890 | &nbsp;&nbsp;&nbsp;&nbsp; 953297 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/42<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;915 | &nbsp;&nbsp;&nbsp;&nbsp; 970204 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/43<sup>(3)</sup> | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1050613 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/44<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp; 559896 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/45<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp; 781868 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/1/46<sup>(3)</sup> | 1395 | &nbsp;&nbsp;&nbsp;&nbsp; 1450122 |
| San Rafael City Elementary School District, CA, (Election of 2022): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/42 | 1190 | &nbsp;&nbsp;&nbsp;&nbsp; 1153750 |
| &nbsp;&nbsp;&nbsp;4.25%, 8/1/47 | 2535 | &nbsp;&nbsp;&nbsp;&nbsp; 2440809 |
| Santa Clarita Community College District, CA, 5.25%, 8/1/45 | 2420 | &nbsp;&nbsp;&nbsp;&nbsp; 2597441 |
| Santa Monica-Malibu Unified School District, CA, (Election of 2018), 5.00%, 8/1/40 | 7420 | &nbsp;&nbsp;&nbsp;&nbsp; 7943163 |
| Santa Monica-Malibu Unified School District, CA, (Election of 2024), 5.00%, 8/1/44 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2378554 |
| Scotts Valley Unified School District, CA, (Election of 2024), 5.25%, 8/1/50 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp; 1166365 |
| South San Francisco Unified School District, CA: |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/33 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp; 1337958 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/34 | 1005 | &nbsp;&nbsp;&nbsp;&nbsp; 1175045 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/35 | 1110 | &nbsp;&nbsp;&nbsp;&nbsp; 1293269 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/36 | 1010 | &nbsp;&nbsp;&nbsp;&nbsp; 1166661 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/37 | 1110 | &nbsp;&nbsp;&nbsp;&nbsp; 1270962 |
| Sunnyvale School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 9/1/52 | 3365 | &nbsp;&nbsp;&nbsp;&nbsp; 3311114 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| Sunnyvale School District, CA, (Election of 2024): <br> (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/43 | $1390 | &nbsp;&nbsp;$1488156 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/44 | 2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2161432 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/45 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1589666 |
| Tamalpais Union High School District, CA, (Election of 2024), 4.125%, 8/1/49 | 3225 | &nbsp;&nbsp;&nbsp;&nbsp; 3078313 |
| Torrance Unified School District, CA, (Election of 2008), 4.00%, 8/1/39 | 6915 | &nbsp;&nbsp;&nbsp;&nbsp; 6853582 |
| Ventura Unified School District, CA, (Election of 2022), 4.25%, 8/1/51 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1857434 |
| Walnut Creek Elementary School District Contra Costa County, CA, (Election of 2022), 5.00%, 9/1/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1041075 |
| Washington Unified School District, CA, (Election of 2020): |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/41 | 1965 | &nbsp;&nbsp;&nbsp;&nbsp; 1928315 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/43 | 2400 | &nbsp;&nbsp;&nbsp;&nbsp; 2295153 |
| &nbsp;&nbsp;&nbsp;4.00%, 8/1/44 | 2640 | &nbsp;&nbsp;&nbsp;&nbsp; 2498010 |
| West Sonoma County Union High School District, CA, (Election of 2018), 5.00%, 8/1/50 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1560750 |
| West Valley-Mission Community College District, CA, (Election of 2012), 4.00%, 8/1/40 | 4420 | &nbsp;&nbsp;&nbsp;&nbsp; 4203677 |
|  |  | &nbsp;&nbsp;**$409294263** |
| Hospital — 3.5% | Hospital — 3.5% | Hospital — 3.5% |
| California Health Facilities Financing Authority, 5.00% to 10/1/25 (Put Date), 10/1/39 | $1485 | &nbsp;&nbsp;$1492649 |
| California Health Facilities Financing Authority, (Cedars-Sinai Health System), 5.00%, 8/15/51 | 4620 | &nbsp;&nbsp;&nbsp;&nbsp; 4705016 |
| California Health Facilities Financing Authority, (Cedars-Sinai Medical Center), 4.00%, 8/15/36 | 9360 | &nbsp;&nbsp;&nbsp;&nbsp; 9372286 |
| California Health Facilities Financing Authority, (Providence Health & Services), 5.00%, 10/1/44 | 3010 | &nbsp;&nbsp;&nbsp;&nbsp; 3008971 |
| California Health Facilities Financing Authority, (Sutter Health), 5.00%, 11/15/46 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2999300 |
| California Infrastructure and Economic Development Bank, (Adventist Health Energy), 5.00%, 7/1/43 | 1320 | &nbsp;&nbsp;&nbsp;&nbsp; 1346644 |
| California Municipal Finance Authority, (NorthBay Healthcare Group): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 504734 |
| &nbsp;&nbsp;&nbsp;Series 2017A, 5.00%, 11/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 800610 |
| California Public Finance Authority, (Henry Mayo Newhall Hospital), 5.00%, 10/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp; 430449 |
| California Statewide Communities Development Authority, (Loma Linda University Medical Center): |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 12/1/44 | 2800 | &nbsp;&nbsp;&nbsp;&nbsp; 2726774 |
| &nbsp;&nbsp;&nbsp;5.50%, 12/1/54 | 4930 | &nbsp;&nbsp;&nbsp;&nbsp; 4852650 |

---

------

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Hospital (continued) | Hospital (continued) | Hospital (continued) |
| California Statewide Communities Development Authority, (Methodist Hospital of Southern California), 5.00%, 1/1/38 | $2000 | &nbsp;&nbsp;$2047702 |
|  |  | &nbsp;&nbsp;**$34287785** |
| Housing — 1.4% | Housing — 1.4% | Housing — 1.4% |
| California Housing Finance Agency, Sustainability Bonds, 3.60% to 8/1/26 (Put Date), 8/1/63 | $1500 | &nbsp;&nbsp;$1503128 |
| California Housing Finance Agency, (Shoreview Apartments), (FHLMC), 4.10%, 7/1/40 | 4900 | &nbsp;&nbsp;&nbsp;&nbsp; 4761503 |
| California Municipal Finance Authority, (Gibson Drive Apartments), (FNMA), 4.45%, 12/1/42 | 2330 | &nbsp;&nbsp;&nbsp;&nbsp; 2289592 |
| Independent Cities Finance Authority, CA, (Castle Mobile Estates), 3.00%, 5/15/36 | 1155 | &nbsp;&nbsp;&nbsp;&nbsp; 1038406 |
| Independent Cities Finance Authority, CA, (Vista de Santa Barbara Mobilehome Park), 3.00%, 9/15/36 | 1595 | &nbsp;&nbsp;&nbsp;&nbsp; 1425883 |
| Los Angeles Housing Authority, CA, (Claredon Apartments), 4.15%, 12/1/44 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp; 2274654 |
|  |  | &nbsp;&nbsp;**$13293166** |
| Industrial Development Revenue — 3.4% | Industrial Development Revenue — 3.4% | Industrial Development Revenue — 3.4% |
| California Municipal Finance Authority, (LINXS Automated People Mover), (AMT), 5.00%, 12/31/43 | $14165 | &nbsp;&nbsp;$13845409 |
| California Municipal Finance Authority, (Republic Services, Inc.), (AMT), 4.375% to 9/1/33 (Put Date), 9/1/53 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 1987232 |
| California Municipal Finance Authority, (United Airlines, Inc. Los Angeles International Airport), (AMT), 4.00%, 7/15/29 | 10130 | &nbsp;&nbsp;&nbsp;&nbsp; 9922721 |
| California Municipal Finance Authority, (Waste Management, Inc.): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 4.10% to 12/1/25 (Put Date), 12/1/44 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3000390 |
| &nbsp;&nbsp;&nbsp;(AMT), 4.125% to 10/1/25 (Put Date), 10/1/41 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp; 4500469 |
|  |  | &nbsp;&nbsp;**$33256221** |
| Insured - Electric Utilities — 0.2% | Insured - Electric Utilities — 0.2% | Insured - Electric Utilities — 0.2% |
| Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/32 | $2100 | &nbsp;&nbsp;$2089406 |
|  |  | &nbsp;&nbsp;**$2089406** |
| Insured - General Obligations — 6.6% | Insured - General Obligations — 6.6% | Insured - General Obligations — 6.6% |
| Bassett Unified School District, CA, (Election of 2020), (BAM), 5.25%, 8/1/50 | $1630 | &nbsp;&nbsp;$1730422 |
| Biggs Unified High School District, CA, (Election of 2024), (BAM), 5.00%, 8/1/54 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1035389 |
| Byron Union School District, CA, (Election of 2024), (BAM), 4.00%, 8/1/47 | 1155 | &nbsp;&nbsp;&nbsp;&nbsp; 1064226 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - General Obligations (continued) | Insured - General Obligations (continued) | Insured - General Obligations (continued) |
| Carmichael Recreation and Park District, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/41 | $&nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;$311443 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp; 356898 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/50 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1295158 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/55 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1802716 |
| Central Unified School District, CA, (AG), 3.00%, 8/1/38 | 1070 | &nbsp;&nbsp;&nbsp;&nbsp; 915979 |
| Cottonwood Union School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp; 468452 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;895 | &nbsp;&nbsp;&nbsp;&nbsp; 931020 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 826916 |
| Durham Unified School District, CA, (Election of 2024), (BAM), 5.00%, 8/1/54 | 1690 | &nbsp;&nbsp;&nbsp;&nbsp; 1729497 |
| El Rancho Unified School District, CA, (Election of 2016), (BAM), 5.75%, 8/1/48 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1661897 |
| Folsom Cordova Unified School District, CA, (AG), 4.00%, 10/1/39 | 2900 | &nbsp;&nbsp;&nbsp;&nbsp; 2825439 |
| Glendale Unified School District, CA, (Election of 2011), (BAM), 3.00%, 9/1/39 | 8140 | &nbsp;&nbsp;&nbsp;&nbsp; 7045342 |
| Holtville Unified School District, CA, (Election of 2018), (AG), 6.00%, 8/1/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1093022 |
| Lake Tahoe Unified School District, CA, (Election of 2024): |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp; 195020 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp; 209274 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp; 159829 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;&nbsp;&nbsp; 174931 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp; 210831 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/50 | 3860 | &nbsp;&nbsp;&nbsp;&nbsp; 4011119 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;455 | &nbsp;&nbsp;&nbsp;&nbsp; 469391 |
| Long Beach Unified School District, CA, (Election of 1999), (AG), 0.00%, 8/1/27 | 3265 | &nbsp;&nbsp;&nbsp;&nbsp; 3067264 |
| Mount Pleasant Elementary School District, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(AG), 4.00%, 8/1/47 | 2515 | &nbsp;&nbsp;&nbsp;&nbsp; 2338081 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp; 916616 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/38 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 901642 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp; 530199 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp; 618985 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/41 | 1210 | &nbsp;&nbsp;&nbsp;&nbsp; 1322183 |
| &nbsp;&nbsp;&nbsp;(AG), 5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;845 | &nbsp;&nbsp;&nbsp;&nbsp; 914582 |
| Mountain View School District Los Angeles County, CA, (Election of 2020), (BAM), 5.00%, 8/1/54 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2070778 |
| Napa Valley Unified School District, CA, (Election of 2022): |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/39 | &nbsp;&nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;&nbsp;&nbsp; 335240 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/40 | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp; 288880 |

---

------

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - General Obligations (continued) | Insured - General Obligations (continued) | Insured - General Obligations (continued) |
| Napa Valley Unified School District, CA, (Election of 2022): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/41 | $&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;$270066 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 267711 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 266382 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp; 296202 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp; 284414 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/50 | 1820 | &nbsp;&nbsp;&nbsp;&nbsp; 1892632 |
| Riverbank Unified School District, CA, (Election of 2018), (AG), 5.50%, 8/1/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1068502 |
| Sierra Sands Unified School District, CA, (Election of 2024), (BAM), 4.375%, 5/1/52 | 3940 | &nbsp;&nbsp;&nbsp;&nbsp; 3755174 |
| Simi Valley Unified School District, CA, (Election of 2004), (AG), 0.00%, 8/1/28 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 4586630 |
| Stockton Unified School District, CA, (Election of 2022), (BAM), 5.00%, 8/1/40 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp; 1903890 |
| Twin Rivers Unified School District, CA, (Election of 2022), (AG), 4.50%, 8/1/49<sup>(3)</sup> | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 2890917 |
| Ukiah Unified School District, CA, (Election of 2020), (AG), 5.50%, 8/1/49 | 2350 | &nbsp;&nbsp;&nbsp;&nbsp; 2524395 |
| Washington Township Health Care District, CA, (Election of 2020), (AG), 4.125%, 8/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 977857 |
|  |  | &nbsp;&nbsp;**$64813433** |
| Insured - Hospital — 2.4% | Insured - Hospital — 2.4% | Insured - Hospital — 2.4% |
| California Health Facilities Financing Authority, (Adventist Health System), (AG), 4.00%, 3/1/39 | $5530 | &nbsp;&nbsp;$5523822 |
| California Health Facilities Financing Authority, (Kaiser Permanente), (BAM), 5.00%, 11/1/47 | 16255 | &nbsp;&nbsp;&nbsp;&nbsp; 17185030 |
| Cambria Community Healthcare District, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;545 | &nbsp;&nbsp;&nbsp;&nbsp; 571586 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp; 310160 |
|  |  | &nbsp;&nbsp;**$23590598** |
| Insured - Special Tax Revenue — 1.2% | Insured - Special Tax Revenue — 1.2% | Insured - Special Tax Revenue — 1.2% |
| Lake Elsinore Facilities Financing Authority Successor Agency, CA, (AG), 5.00%, 9/1/38 | $1320 | &nbsp;&nbsp;$1449987 |
| RNR School Financing Authority Community Facilities District No. 92-1, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 4.00%, 9/1/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 985865 |
| &nbsp;&nbsp;&nbsp;(BAM), 4.00%, 9/1/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 950477 |
| San Clemente, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 9/1/41 | 1355 | &nbsp;&nbsp;&nbsp;&nbsp; 1442816 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 9/1/43 | 3160 | &nbsp;&nbsp;&nbsp;&nbsp; 3315775 |
| &nbsp;&nbsp;&nbsp;(BAM), 5.00%, 9/1/45 | 1825 | &nbsp;&nbsp;&nbsp;&nbsp; 1897308 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Insured - Special Tax Revenue (continued) | Insured - Special Tax Revenue (continued) | Insured - Special Tax Revenue (continued) |
| San Francisco City and County Redevelopment Agency, CA, (Transbay Infrastructure), (AG), 5.00%, 8/1/48 | $2000 | &nbsp;&nbsp;$2052986 |
|  |  | &nbsp;&nbsp;**$12095214** |
| Insured - Transportation — 0.0%<sup>†</sup> | Insured - Transportation — 0.0%<sup>†</sup> | Insured - Transportation — 0.0%<sup>†</sup> |
| Long Beach, CA, (Long Beach Airport), (AG), (AMT), 5.25%, 6/1/47 | $&nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;$348621 |
|  |  | &nbsp;&nbsp;**$348621** |
| Insured - Water and Sewer — 0.3% | Insured - Water and Sewer — 0.3% | Insured - Water and Sewer — 0.3% |
| Mountain House Financing Authority, CA, Utility Systems Revenue, Green Bonds, (BAM), 4.125%, 12/1/48 | $3370 | &nbsp;&nbsp;$3161833 |
|  |  | &nbsp;&nbsp;**$3161833** |
| Other Revenue — 5.9% | Other Revenue — 5.9% | Other Revenue — 5.9% |
| California Community Choice Financing Authority, Clean Energy Project Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00% to 8/1/29 (Put Date), 12/1/53 | $8030 | &nbsp;&nbsp;$8390341 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00% to 12/1/32 (Put Date), 1/1/55 | 22635 | &nbsp;&nbsp;&nbsp;&nbsp; 23398576 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00% to 11/1/32 (Put Date), 2/1/55 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10629503 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00% to 10/1/32 (Put Date), 8/1/55 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 7382182 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.50% to 11/1/30 (Put Date), 10/1/54 | 4355 | &nbsp;&nbsp;&nbsp;&nbsp; 4671480 |
| California Public Finance Authority, (Hazelden Betty Ford Foundation), 5.00%, 11/1/49 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3008167 |
| Morongo Band of Mission Indians, CA, 5.00%, 10/1/42<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp; 439217 |
|  |  | &nbsp;&nbsp;**$57919466** |
| Senior Living/Life Care — 0.9% | Senior Living/Life Care — 0.9% | Senior Living/Life Care — 0.9% |
| California Health Facilities Financing Authority, (Episcopal Communities and Services): |  |  |
| &nbsp;&nbsp;&nbsp;3.85%, 11/15/27 | $1500 | &nbsp;&nbsp;$1503222 |
| &nbsp;&nbsp;&nbsp;5.25%, 11/15/48 | 1645 | &nbsp;&nbsp;&nbsp;&nbsp; 1644623 |
| California Municipal Finance Authority, (HumanGood - California Obligated Group), 4.00%, 10/1/38 | 3790 | &nbsp;&nbsp;&nbsp;&nbsp; 3576614 |
| California Public Finance Authority, (Enso Village): |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 3.125%, 5/15/29<sup>(1)</sup> | 1375 | &nbsp;&nbsp;&nbsp;&nbsp; 1340031 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 11/15/46<sup>(1)</sup> | 1075 | &nbsp;&nbsp;&nbsp;&nbsp; 950518 |
|  |  | &nbsp;&nbsp;**$9015008** |
| Special Tax Revenue — 0.4% | Special Tax Revenue — 0.4% | Special Tax Revenue — 0.4% |
| Irvine Community Facilities District No. 2013-3, CA, (Great Park): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/35 | $1150 | &nbsp;&nbsp;$1186260 |
| &nbsp;&nbsp;&nbsp;5.00%, 9/1/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1021310 |

---

------

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Special Tax Revenue (continued) | Special Tax Revenue (continued) | Special Tax Revenue (continued) |
| Irvine Community Facilities District No. 2013-3, CA, (Great Park): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;Series 2018, 5.00%, 9/1/32 | $&nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;$645064 |
| &nbsp;&nbsp;&nbsp;Series 2018, 5.00%, 9/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;765 | &nbsp;&nbsp;&nbsp;&nbsp; 789278 |
| San Luis Obispo Community Facilities District No. 2019-1, CA, (San Luis Ranch), 4.00%, 9/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp; 126007 |
|  |  | &nbsp;&nbsp;**$3767919** |
| Transportation — 11.6% | Transportation — 11.6% | Transportation — 11.6% |
| Bay Area Toll Authority, CA, (San Francisco Bay Area): |  |  |
| &nbsp;&nbsp;&nbsp;2.22%, (SIFMA + 0.30%), 4/1/56<sup>(2)</sup> | $5000 | &nbsp;&nbsp;$4885071 |
| &nbsp;&nbsp;&nbsp;2.37%, (SIFMA + 0.45%), 4/1/56<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 793941 |
| &nbsp;&nbsp;&nbsp;5.00%, 4/1/43 | 3480 | &nbsp;&nbsp;&nbsp;&nbsp; 3734858 |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 7/1/40 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp; 2374672 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 7/1/44 | 4250 | &nbsp;&nbsp;&nbsp;&nbsp; 4363470 |
| California Infrastructure and Economic Development Bank, (Brightline West Passenger Rail), Green Bonds, (AMT), 9.50% to 1/1/35 (Put Date), 1/1/65<sup>(1)</sup> | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 9482029 |
| California Municipal Finance Authority, (LINXS Automated People Mover): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 12/31/37 | 2570 | &nbsp;&nbsp;&nbsp;&nbsp; 2587886 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 12/31/47 | 7705 | &nbsp;&nbsp;&nbsp;&nbsp; 7386281 |
| Los Angeles Department of Airports, CA, (Los Angeles International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/15/38 | 3215 | &nbsp;&nbsp;&nbsp;&nbsp; 3241692 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/15/44 | 3700 | &nbsp;&nbsp;&nbsp;&nbsp; 3703664 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.25%, 5/15/48 | 9395 | &nbsp;&nbsp;&nbsp;&nbsp; 9446259 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.50%, 5/15/47 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp; 10309265 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 5/15/42 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5327620 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 5/15/43 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 5294912 |
| San Diego County Regional Airport Authority, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/31<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp; 647842 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/32<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 271308 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/33<sup>(3)</sup> | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1632267 |
| San Diego County Regional Airport Authority, CA, (San Diego International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 7/1/47 | 5770 | &nbsp;&nbsp;&nbsp;&nbsp; 5804054 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/39 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp; 3080766 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/42 | 6850 | &nbsp;&nbsp;&nbsp;&nbsp; 6875803 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 7/1/43 | 7240 | &nbsp;&nbsp;&nbsp;&nbsp; 7248885 |
| San Francisco City and County Airport Commission, CA, (San Francisco International Airport): |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/1/41 | 2485 | &nbsp;&nbsp;&nbsp;&nbsp; 2485028 |
| &nbsp;&nbsp;&nbsp;(AMT), 5.00%, 5/1/46 | 2935 | &nbsp;&nbsp;&nbsp;&nbsp; 2904240 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Transportation (continued) | Transportation (continued) | Transportation (continued) |
| San Francisco City and County Airport Commission, CA, (San Francisco International Airport): (continued) |  |  |
| &nbsp;&nbsp;&nbsp;(AMT), 5.75%, 5/1/48 | $9500 | &nbsp;&nbsp;$9999644 |
|  |  | &nbsp;&nbsp;**$113881457** |
| Water and Sewer — 2.6% | Water and Sewer — 2.6% | Water and Sewer — 2.6% |
| East Bay Municipal Utility District, CA, Water System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 6/1/43 | $1045 | &nbsp;&nbsp;$1129711 |
| &nbsp;&nbsp;&nbsp;Green Bonds, 5.00%, 6/1/45 | &nbsp;&nbsp;&nbsp;&nbsp;720 | &nbsp;&nbsp;&nbsp;&nbsp; 770622 |
| Rancho California Water District Financing Authority, 4.00%, 8/1/37 | 2750 | &nbsp;&nbsp;&nbsp;&nbsp; 2826985 |
| San Francisco City and County Public Utilities Commission, CA, Water Revenue, 4.00%, 11/1/39 | 15010 | &nbsp;&nbsp;&nbsp;&nbsp; 14750363 |
| San Mateo-Foster City Public Financing Authority, CA, (Clean Water Program), 5.00%, 8/1/49 | 5555 | &nbsp;&nbsp;&nbsp;&nbsp; 5693984 |
|  |  | &nbsp;&nbsp;**$25171665** |
| Total Tax-Exempt Municipal Obligations<br> (identified cost $935,330,957) |  | &nbsp;&nbsp;**$921762871** |

---

Taxable Municipal Obligations — 8.0%

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Education — 0.4% | Education — 0.4% | Education — 0.4% |
| California Municipal Finance Authority, (Albert Einstein Academies), 3.75%, 8/1/31<sup>(1)</sup> | $2105 | &nbsp;&nbsp;$1900192 |
| University of California, 4.39%, 7/1/41<sup>(5)</sup> | 1675 | &nbsp;&nbsp;&nbsp;&nbsp; 1675000 |
|  |  | &nbsp;&nbsp;**$3575192** |
| General Obligations — 2.9% | General Obligations — 2.9% | General Obligations — 2.9% |
| California: |  |  |
| &nbsp;&nbsp;&nbsp;2.40%, 10/1/25 | $4640 | &nbsp;&nbsp;$4618556 |
| &nbsp;&nbsp;&nbsp;7.50%, 4/1/34<sup>(6)</sup> | 8000 | &nbsp;&nbsp;&nbsp;&nbsp; 9289629 |
| Chaffey Community College District, CA: |  |  |
| &nbsp;&nbsp;&nbsp;4.756%, 6/1/31 | 3045 | &nbsp;&nbsp;&nbsp;&nbsp; 3148678 |
| &nbsp;&nbsp;&nbsp;4.812%, 6/1/32 | 2870 | &nbsp;&nbsp;&nbsp;&nbsp; 2966196 |
| Huntington Beach Union High School District, CA, 1.884%, 8/1/29 | 1775 | &nbsp;&nbsp;&nbsp;&nbsp; 1628238 |
| Los Angeles, CA, 3.00%, 9/1/26 | 2820 | &nbsp;&nbsp;&nbsp;&nbsp; 2782207 |
| Palmdale School District, CA, 1.67%, 8/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp; 454674 |

---

------

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| General Obligations (continued) | General Obligations (continued) | General Obligations (continued) |
| San Diego Community College District, CA, 2.013%, 8/1/30 | $2600 | &nbsp;&nbsp;$2355566 |
| San Mateo Union High School District, CA, 2.111%, 9/1/34 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp; 1001089 |
|  |  | &nbsp;&nbsp;**$28244833** |
| Hospital — 0.2% | Hospital — 0.2% | Hospital — 0.2% |
| California Infrastructure and Economic Development Bank, (Adventist Health Energy), 5.929%, 7/1/34 | $2140 | &nbsp;&nbsp;$2176057 |
|  |  | &nbsp;&nbsp;**$2176057** |
| Housing — 1.4% | Housing — 1.4% | Housing — 1.4% |
| California Municipal Finance Authority, (View at San Bruno LP), 4.50% to 7/1/27 (Put Date), 7/1/28 | $10000 | &nbsp;&nbsp;$10051479 |
| California Municipal Finance Authority, (Witmer Manor Community Partners LP), (FNMA), 6.00%, 11/1/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 1005111 |
| Independent Cities Finance Authority, CA, (Sahara Mobile Home Park): |  |  |
| &nbsp;&nbsp;&nbsp;3.20%, 6/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp; 544114 |
| &nbsp;&nbsp;&nbsp;3.20%, 6/15/56 | 3685 | &nbsp;&nbsp;&nbsp;&nbsp; 2140379 |
|  |  | &nbsp;&nbsp;**$13741083** |
| Insured - General Obligations — 0.1% | Insured - General Obligations — 0.1% | Insured - General Obligations — 0.1% |
| Mojave Unified School District, CA, (BAM), 2.731%, 8/1/37 | $&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;$398162 |
|  |  | &nbsp;&nbsp;**$398162** |
| Insured - Special Tax Revenue — 0.2% | Insured - Special Tax Revenue — 0.2% | Insured - Special Tax Revenue — 0.2% |
| Rio Elementary School District Community Facilities District No. 1, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(BAM), 1.826%, 9/1/28 | $1000 | &nbsp;&nbsp;$923549 |
| &nbsp;&nbsp;&nbsp;(BAM), 2.307%, 9/1/31 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp; 1307104 |
|  |  | &nbsp;&nbsp;**$2230653** |
| Insured - Transportation — 1.5% | Insured - Transportation — 1.5% | Insured - Transportation — 1.5% |
| Alameda Corridor Transportation Authority, CA: |  |  |
| &nbsp;&nbsp;&nbsp;(AG), (AMBAC), 0.00%, 10/1/26 | $6700 | &nbsp;&nbsp;$6341922 |
| &nbsp;&nbsp;&nbsp;(AMBAC), 0.00%, 10/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;740 | &nbsp;&nbsp;&nbsp;&nbsp; 670005 |
| &nbsp;&nbsp;&nbsp;(AMBAC), 0.00%, 10/1/28 | 1010 | &nbsp;&nbsp;&nbsp;&nbsp; 872740 |
| San Joaquin Hills Transportation Corridor Agency, CA, (AG), 2.303%, 1/15/28 | 7145 | &nbsp;&nbsp;&nbsp;&nbsp; 6846926 |
|  |  | &nbsp;&nbsp;**$14731593** |
| Lease Revenue/Certificates of Participation — 0.7% | Lease Revenue/Certificates of Participation — 0.7% | Lease Revenue/Certificates of Participation — 0.7% |
| California State Public Works Board: |  |  |
| &nbsp;&nbsp;&nbsp;4.859%, 4/1/28 | $3000 | &nbsp;&nbsp;$3057088 |

---

---

| | | |
|:---|:---|:---|
| **<br>Security** | **Principal<br> Amount<br> (000's omitted)** | &nbsp;&nbsp;**Value** |
| Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) | Lease Revenue/Certificates of Participation (continued) |
| California State Public Works Board: (continued) |  |  |
| &nbsp;&nbsp;&nbsp;4.879%, 4/1/29 | $1500 | &nbsp;&nbsp;$1536044 |
| &nbsp;&nbsp;&nbsp;4.917%, 4/1/27 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp; 2026413 |
|  |  | &nbsp;&nbsp;**$6619545** |
| Special Tax Revenue — 0.6% | Special Tax Revenue — 0.6% | Special Tax Revenue — 0.6% |
| Los Angeles County Metropolitan Transportation Authority, CA, Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;4.654%, 7/1/28 | $1640 | &nbsp;&nbsp;$1675678 |
| &nbsp;&nbsp;&nbsp;4.726%, 7/1/27 | 1975 | &nbsp;&nbsp;&nbsp;&nbsp; 2008602 |
| &nbsp;&nbsp;&nbsp;4.792%, 7/1/26 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp; 1259704 |
| Riverside Unified School District Financing Authority, CA, 1.463%, 9/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp; 796491 |
| Successor Agency to San Diego Redevelopment Agency, CA: |  |  |
| &nbsp;&nbsp;&nbsp;3.625%, 9/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 249673 |
| &nbsp;&nbsp;&nbsp;3.75%, 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp; 248340 |
|  |  | &nbsp;&nbsp;**$6238488** |
| Total Taxable Municipal Obligations<br> (identified cost $79,315,652) |  | &nbsp;&nbsp;**$77955606** |
| Total Investments — 102.1%<br> (identified cost $1,016,726,609) |  | &nbsp;&nbsp;**$1001924791** |
| Other Assets, Less Liabilities — (2.1)% |  | &nbsp;&nbsp;**$(20414378)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$981510413** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>†</sup> | Amount is less than 0.05% or (0.05)%, as applicable. |
| <sup>(1)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At June 30, 2025, the aggregate value of these securities is $32,953,911 or 3.4% of the Fund's net assets. |
| <sup>(2)</sup> | Floating rate security. The stated interest rate represents the rate in effect at June 30, 2025. |
| <sup>(3)</sup> | When-issued security. |
| <sup>(4)</sup> | Security represents the municipal bond held by a trust that issues residual interest bonds. |
| <sup>(5)</sup> | Variable rate demand obligation that may be tendered at par on any day for payment the lesser of 5 business days or 7 calendar days. The stated interest rate, which generally resets weekly, is determined by the remarketing agent and represents the rate in effect at June 30, 2025. |

---

------

Eaton Vance<br>

California Municipal Opportunities Fund

June 30, 2025

Portfolio of Investments (Unaudited) — continued

------

---

| | |
|:---|:---|
| <sup>(6)</sup> | Build America Bond. Represents taxable municipal obligation issued pursuant to the American Recovery and Reinvestment Act of 2009 or other legislation providing for the issuance of taxable municipal debt on which the issuer receives federal support. |
| The Fund invests primarily in debt securities issued by California municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At June 30, 2025, 12.3% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.2% to 6.7% of total investments. | The Fund invests primarily in debt securities issued by California municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At June 30, 2025, 12.3% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.2% to 6.7% of total investments. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| AG | – Assured Guaranty, Inc. |
| AMBAC | – AMBAC Financial Group, Inc. |
| AMT | – Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax. |
| BAM | – Build America Mutual Assurance Co. |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| FNMA | – Federal National Mortgage Association |
| NPFG | – National Public Finance Guarantee Corp. |
| SIFMA | – Securities Industry and Financial Markets Association Municipal Swap Index |

---

The Fund did not have any open derivative instruments at June 30, 2025.

Fair Value Measurements

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 – quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At June 30, 2025, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Corporate Bonds | &nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$2206314 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$2206314 |
| Tax-Exempt Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 921762871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 921762871 |
| Taxable Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77955606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77955606 |
| **Total Investments** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$1001924791** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$1001924791** |

---

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Eaton Vance Municipals Trust

- **b. Investment Company Act file number:** 811-04409

- **c. CIK number of Registrant:** 0000778365

- **d. LEI of Registrant:** 549300URENTSNA53MO13

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

  - **Street Address 1:** One Post Office Square

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

  - **Telephone number:** 617-482-8260

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

- **a. Name of Series:** Eaton Vance California Municipal Opportunities Fund

- **b. EDGAR series identifier (if any):** S000004860

- **c. LEI of Series:** 5493006S2P6J1RA2BQ39

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1017951208.95

**Total Liabilities:** $38308786.41

**Net Assets:** $979642422.54

**Delayed Delivery Securities:** $21818818.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1823.43000000 | **1-Year:** -31856.40000000 | **5-Year:** -138119.73000000 | **10-Year:** -439201.14000000 | **30-Year:** -172307.07000000

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

- **3-Month:** -128.19000000 | **1-Year:** -4515.32000000 | **5-Year:** -13268.97000000 | **10-Year:** -15754.93000000 | **30-Year:** -4669.85000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063954 | -1.09%               | -0.50%               | 0.55%                |
| Class ID C000013168 | -1.07%               | -0.65%               | 0.49%                |
| Class ID C000013166 | -1.01%               | -0.62%               | 0.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8500630.74             | $-5241189.00                               |
| Month 2  | $-44655.00               | $-8313299.46                               |
| Month 3  | $-75142.86               | $2947698.29                                |

**Designated Index Information**

- **Index Name:** BB Barclays Municipal Bd

- **Index Identifier:** MBINDEX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267710.90    | 0.03%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                         | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4930000 | PA      | $4852649.78   | 0.50%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13033L4N4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3008971.48   | 0.31%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                            | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1340030.59   | 0.14%             | 2029-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362GC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $284414.36    | 0.03%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District Financing Authority                          | RIVERSIDE CA UNIF SCH DIST FING AUTH REVENUE                 | CUSIP: 769306BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $796490.88    | 0.08%             | 2025-09-01      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| El Rancho Unified School District                                              | EL RANCHO CA UNIF SCH DIST                                   | CUSIP: 283839F60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1661897.25   | 0.17%             | 2048-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Madera Unified School District                                                 | MADERA CA UNIF SCH DIST                                      | CUSIP: 556452KH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $930979.67    | 0.10%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10629503.00  | 1.09%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                    | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GSQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1632266.55   | 0.17%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Belmont-Redwood Shores School District/CA                                      | BELMONT-REDWOOD SHORES CA SCH DIST                           | CUSIP: 080495JW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $746816.70    | 0.08%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                           | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY              | CUSIP: 4724664C2<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |    625000 | PA      | $596427.56    | 0.06%             | 2046-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Encinitas Union School District/CA                                             | ENCINITAS CA UNION SCH DIST                                  | CUSIP: 292533HH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $830702.66    | 0.08%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manteca Unified School District                                                | MANTECA CA UNIF SCH DIST                                     | CUSIP: 564538JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2239561.34   | 0.23%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chaffey Joint Union High School District                                       | CHAFFEY CA JT UNION HIGH SCH DIST                            | CUSIP: 157411PL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10520000 | PA      | $10519919.00  | 1.07%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                                | CUPERTINO CA UNION SCH DIST                                  | CUSIP: 231237T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1246692.04   | 0.13%             | 2044-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sunnyvale School District                                                      | SUNNYVALE CA SCH DIST                                        | CUSIP: 867578XU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1488156.24   | 0.15%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South San Francisco Unified School District                                    | SOUTH SAN FRANCISCO CA UNIF SCH DIST                         | CUSIP: 840058WK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1337958.53   | 0.14%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UK98<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1644623.13   | 0.17%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of California                                                       | UNIV OF CALIFORNIA REVENUES                                  | CUSIP: 91412GEX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1675000.00   | 0.17%             | 2041-07-01      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Mojave Unified School District School Facilities Improvement District No 1     | MOJAVE CA UNIF SCH DIST SCH FACS IMPT DIST #1                | CUSIP: 608406GK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $398161.85    | 0.04%             | 2037-08-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483HD5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10051479.00  | 1.03%             | 2028-07-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| San Marino Unified School District                                             | SAN MARINO CA UNIF SCH DIST                                  | CUSIP: 798832HA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $953297.07    | 0.10%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Pleasant Elementary School District/CA                                   | MOUNT PLEASANT CA ELEM SCH DIST                              | CUSIP: 622344KQ1<br>LEI: 549300DB7Z2IW75B3O16 | Long             | DBT              | MUN               | US        |    805000 | PA      | $916615.99    | 0.09%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362GD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1892631.47   | 0.19%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View-Whisman School District                                          | MOUNTAIN VIEW-WHISMAN CA SCH DIST                            | CUSIP: 62451FLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009744.50   | 0.10%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sunnyvale School District                                                      | SUNNYVALE CA SCH DIST                                        | CUSIP: 867578XW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1589665.80   | 0.16%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                            | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TFF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $593480.58    | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                          | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A5H9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1346643.80   | 0.14%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morongo Band of Mission Indians/The                                            | MORONGO BAND OF MISSION INDIANS CA REVENUE                   | CUSIP: 61773RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $439216.67    | 0.04%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                             | LAKE TAHOE CA UNIF SCH DIST                                  | CUSIP: 511012PS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $174930.84    | 0.02%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                        | RIO HONDO CA CMNTY CLG DIST                                  | CUSIP: 767121FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547018.95    | 0.06%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                            | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XLL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1536043.65   | 0.16%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                      | VERNON CA ELEC SYS REVENUE                                   | CUSIP: 924397FB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1517213.63   | 0.15%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kern Community College District                                                | KERN CA CMNTY CLG DIST                                       | CUSIP: 492244GP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1676769.15   | 0.17%             | 2037-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $288879.68    | 0.03%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Clemente CA                                                        | SAN CLEMENTE CA SPL TAX                                      | CUSIP: 797214DM2<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1897308.14   | 0.19%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000390.00   | 0.31%             | 2044-12-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                             | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835P37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2369151.21   | 0.24%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mountain View-Whisman School District                                          | MOUNTAIN VIEW-WHISMAN CA SCH DIST                            | CUSIP: 62451FMC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1080980.56   | 0.11%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                       | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9960000 | PA      | $8566209.55   | 0.87%             | 2042-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                             | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835L80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $2143882.05   | 0.22%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cottonwood Union School District                                               | COTTONWOOD CA UNION SCH DIST                                 | CUSIP: 221834BG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $468452.03    | 0.05%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carmichael Recreation & Park District                                          | CARMICHAEL CA RECREATION & PARK DIST                         | CUSIP: 143430BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $311443.21    | 0.03%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                           | SAN DIEGO CA CMNTY CLG DIST                                  | CUSIP: 797272TE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15688500.00  | 1.60%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Carlos School District                                                     | SAN CARLOS CA SCH DIST                                       | CUSIP: 797138MU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1630169.46   | 0.17%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palo Alto Unified School District                                              | PALO ALTO CA UNIF SCH DIST                                   | CUSIP: 697379TM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11380000 | PA      | $8908584.92   | 0.91%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mountain View School District/Los Angeles County                               | MOUNTAIN VIEW CA SCH DIST LOS ANGELES CNTY                   | CUSIP: 624403LK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2070778.20   | 0.21%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Monterey County Unified School District                                  | NORTH MONTEREY CNTY CA UNION SCH DIST                        | CUSIP: 661190JA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $330111.60    | 0.03%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Trinity Public Utilities District                                              | TRINITY CA PUBLIC UTILITIES DIST FING AUTH ELEC REVENUE      | CUSIP: 89656BBM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1063185.51   | 0.11%             | 2031-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4355000 | PA      | $4671479.59   | 0.48%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of San Luis Obispo CA Community Facilities District No 2019-1             | SAN LUIS OBISPO CA CMNTY FACS DIST #2019-1 SPL TAX           | CUSIP: 798601AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126006.91    | 0.01%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District                                         | FOLSOM CORDOVA CA UNIF SCH DIST                              | CUSIP: 34440PDE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1291022.77   | 0.13%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Rafael City Elementary School District                                     | SAN RAFAEL CA ELEM SCH DIST                                  | CUSIP: 799306RE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2440809.54   | 0.25%             | 2047-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                            | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XLK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3057087.90   | 0.31%             | 2028-04-01      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                       | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014T28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $770621.54    | 0.08%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntington Beach Union High School District                                    | HUNTINGTON BEACH CA UNION HIGH SCH DIST                      | CUSIP: 446222UV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1628238.03   | 0.17%             | 2029-08-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Carmichael Recreation & Park District                                          | CARMICHAEL CA RECREATION & PARK DIST                         | CUSIP: 143430BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1802715.78   | 0.18%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                            | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $950518.33    | 0.10%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Community College District                                           | RIVERSIDE CA CMNTY CLG DIST                                  | CUSIP: 76886PKT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $794968.93    | 0.08%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District                                         | FOLSOM CORDOVA CA UNIF SCH DIST                              | CUSIP: 34440PBT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2825439.26   | 0.29%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                           | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY              | CUSIP: 4724667W5<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058437.10   | 0.11%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                              | IRVINE CA SPL TAX                                            | CUSIP: 46360TFN8<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    625000 | PA      | $645063.88    | 0.07%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Marino Unified School District                                             | SAN MARINO CA UNIF SCH DIST                                  | CUSIP: 798832HF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1450122.31   | 0.15%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7382181.80   | 0.75%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Twin Rivers Unified School District                                            | TWIN RIVERS CA UNIF SCH DIST                                 | CUSIP: 90171TJS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2890916.40   | 0.30%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ukiah Unified School District/CA                                               | UKIAH CA UNIF SCH DIST                                       | CUSIP: 903698EU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2524394.91   | 0.26%             | 2049-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                    | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130178VU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8465000 | PA      | $9794276.73   | 1.00%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                              | CALIFORNIA HSG FIN AGY AFFORDABLE HSG REVENUE                | CUSIP: 13032WBB9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503128.40   | 0.15%             | 2063-08-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RDV2<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1748673.60   | 0.18%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   8030000 | PA      | $8390341.43   | 0.86%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                        | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    800000 | PA      | $793941.44    | 0.08%             | 2056-04-01      | Floating      | 2.37%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                       | WASHINGTON TWP CA HLTH CARE DIST                             | CUSIP: 940642GB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977856.80    | 0.10%             | 2042-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                       | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014S86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1129711.36   | 0.12%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunnyvale School District                                                      | SUNNYVALE CA SCH DIST                                        | CUSIP: 867578XV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2161432.35   | 0.22%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fontana Unified School District                                                | FONTANA CA UNIF SCH DIST                                     | CUSIP: 344640XZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1270049.11   | 0.13%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District                                         | FOLSOM CORDOVA CA UNIF SCH DIST                              | CUSIP: 34440PEQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2352593.62   | 0.24%             | 2051-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483GQ7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2289591.74   | 0.23%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                      | KENTFIELD CA SCH DIST                                        | CUSIP: 490818MV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1155959.86   | 0.12%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Sands Unified School District                                           | SIERRA SANDS CA UNIF SCH DIST                                | CUSIP: 826482DJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3940000 | PA      | $3755173.81   | 0.38%             | 2052-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UXH6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999299.80   | 0.31%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fontana Unified School District                                                | FONTANA CA UNIF SCH DIST                                     | CUSIP: 344640XW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1271436.78   | 0.13%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                  | SAN JOSE CA EVERGREEN CMNTY CLG DIST                         | CUSIP: 798189TE6<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1946751.00   | 0.20%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                            | CALIFORNIA ST                                                | CUSIP: 13063D2G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10575918.00  | 1.08%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                                | CUPERTINO CA UNION SCH DIST                                  | CUSIP: 231237T99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10410000 | PA      | $11617248.74  | 1.19%             | 2050-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Unified School District                                            | MORGAN HILL CA UNIF SCH DIST                                 | CUSIP: 617403FU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3860000 | PA      | $4263951.70   | 0.44%             | 2040-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                           | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356RF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $601149.07    | 0.06%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                        | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4885070.50   | 0.50%             | 2056-04-01      | Floating      | 2.22%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UZ43<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  16255000 | PA      | $17185029.83  | 1.75%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View-Whisman School District                                          | MOUNTAIN VIEW-WHISMAN CA SCH DIST                            | CUSIP: 62451FMA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1957979.01   | 0.20%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                         | LOS ANGELES CA                                               | CUSIP: 544351LM9<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2782207.21   | 0.28%             | 2026-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                         | CALIFORNIA ST STWD CMNTYS DEV AUTH HOSP REVENUE              | CUSIP: 13081KAU4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047702.00   | 0.21%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manteca Unified School District                                                | MANTECA CA UNIF SCH DIST                                     | CUSIP: 564538JH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3008371.58   | 0.31%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                             | LAKE TAHOE CA UNIF SCH DIST                                  | CUSIP: 511012PQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $209274.23    | 0.02%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue             | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RJ67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15010000 | PA      | $14750363.02  | 1.51%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Unified School District                                            | MORGAN HILL CA UNIF SCH DIST                                 | CUSIP: 617403FV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2675267.73   | 0.27%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Calistoga Joint Unified School District                                        | CALISTOGA CA JT UNIF SCH DIST                                | CUSIP: 130897HK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $661148.44    | 0.07%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Encinitas Union School District/CA                                             | ENCINITAS CA UNION SCH DIST                                  | CUSIP: 292533HF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $436375.92    | 0.04%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                            | CALIFORNIA ST                                                | CUSIP: 13063DRL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4640000 | PA      | $4618555.78   | 0.47%             | 2025-10-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                       | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5585000 | PA      | $4796528.69   | 0.49%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                             | LAKE TAHOE CA UNIF SCH DIST                                  | CUSIP: 511012PR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159829.28    | 0.02%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Canada Unified School District                                              | LA CANADA CA UNIF SCH DIST                                   | CUSIP: 502516RY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1973010.92   | 0.20%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Unified School District                                            | MORGAN HILL CA UNIF SCH DIST                                 | CUSIP: 617403FW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2179532.40   | 0.22%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Milpitas Unified School District/CA                                            | MILPITAS CA UNIF SCH DIST                                    | CUSIP: 601670PN6<br>LEI: 549300BL87026BFAVO38 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2293700.05   | 0.23%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                            | CALIFORNIA ST                                                | CUSIP: 13063DY93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040842.50   | 0.11%             | 2037-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                              | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE              | CUSIP: 13034DAM6<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4761502.97   | 0.49%             | 2040-07-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                               | SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV    | CUSIP: 798111HG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7145000 | PA      | $6846925.60   | 0.70%             | 2028-01-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Fontana Unified School District                                                | FONTANA CA UNIF SCH DIST                                     | CUSIP: 344640XY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1414612.56   | 0.14%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scotts Valley Unified School District                                          | SCOTTS VLY CA UNIFIED SCH DIST                               | CUSIP: 81023QEJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1166364.98   | 0.12%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                            | CALIFORNIA ST                                                | CUSIP: 13063ELK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2543309.28   | 0.26%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                           | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY              | CUSIP: 4724667X3<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053536.40   | 0.11%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South San Francisco Unified School District                                    | SOUTH SAN FRANCISCO CA UNIF SCH DIST                         | CUSIP: 840058WN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1166660.90   | 0.12%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                             | LAKE TAHOE CA UNIF SCH DIST                                  | CUSIP: 511012PT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210831.30    | 0.02%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hacienda La Puente Unified School District/CA                                  | HACIENDA LA PUENTE CA UNIF SCH DIST                          | CUSIP: 40450RFA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1344220.19   | 0.14%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                              | IRVINE CA SPL TAX                                            | CUSIP: 46360TFQ1<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    765000 | PA      | $789278.12    | 0.08%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue     | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HNK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1675677.87   | 0.17%             | 2028-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UH27<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5530000 | PA      | $5523822.44   | 0.56%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cottonwood Union School District                                               | COTTONWOOD CA UNION SCH DIST                                 | CUSIP: 221834BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $826916.24    | 0.08%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1987231.80   | 0.20%             | 2053-09-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                          | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AV64<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5721086.13   | 0.58%             | 2072-08-01      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| Morongo Band of Mission Indians/The                                            | MORONGO BAND OF MISSION                                      | CUSIP: 617734AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2206313.82   | 0.23%             | 2039-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                     | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE          | CUSIP: 120827DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2374672.28   | 0.24%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority                                      | MOUNTAIN HOUSE CA PUBLIC FING AUTH UTILITY SYS REVENUE       | CUSIP: 62412PCN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3161833.08   | 0.32%             | 2048-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Torrance Unified School District                                               | TORRANCE CA UNIF SCH DIST                                    | CUSIP: 891381Z24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7115000 | PA      | $7051805.99   | 0.72%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District                                         | FOLSOM CORDOVA CA UNIF SCH DIST                              | CUSIP: 34440PDQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1648359.43   | 0.17%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madera Unified School District                                                 | MADERA CA UNIF SCH DIST                                      | CUSIP: 556452JS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3466912.15   | 0.35%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                      | KENTFIELD CA SCH DIST                                        | CUSIP: 490818MS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113909.10   | 0.11%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View-Whisman School District                                          | MOUNTAIN VIEW-WHISMAN CA SCH DIST                            | CUSIP: 62451FKA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $351901.72    | 0.04%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| San Luis Coastal Unified School District                                       | SAN LUIS COASTAL CA UNIF SCH DIST                            | CUSIP: 798546EF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3140000 | PA      | $2779823.79   | 0.28%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lompoc Unified School District                                                 | LOMPOC CA UNIF SCH DIST                                      | CUSIP: 541772LS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2767466.00   | 0.28%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UB49<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4620000 | PA      | $4705016.32   | 0.48%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cottonwood Union School District                                               | COTTONWOOD CA UNION SCH DIST                                 | CUSIP: 221834BH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $931020.17    | 0.10%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank Unified School District                                                | BURBANK CA UNIF SCH DIST                                     | CUSIP: 12082SEK6<br>LEI: 54930068ZHOQ5PICU256 | Long             | DBT              | MUN               | US        |    875000 | PA      | $932037.58    | 0.10%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milpitas Unified School District/CA                                            | MILPITAS CA UNIF SCH DIST                                    | CUSIP: 601670PK2<br>LEI: 549300BL87026BFAVO38 | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3820725.72   | 0.39%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glendale Unified School District/CA                                            | GLENDALE CA UNIF SCH DIST                                    | CUSIP: 378460D89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8140000 | PA      | $7045341.75   | 0.72%             | 2039-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                   | LONG BEACH CA ARPT REVENUE                                   | CUSIP: 542403DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $348621.33    | 0.04%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Valley-Mission Community College District                                 | W VLY-MISSION CA CMNTY CLG DIST                              | CUSIP: 95640HEX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4420000 | PA      | $4203677.24   | 0.43%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport   | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DVY2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9999643.95   | 1.02%             | 2048-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RFS7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4735870.00   | 0.48%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mountain View-Whisman School District                                          | MOUNTAIN VIEW-WHISMAN CA SCH DIST                            | CUSIP: 62451FKD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8200000 | PA      | $6367530.42   | 0.65%             | 2045-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                            | CALIFORNIA ST                                                | CUSIP: 13063A5E0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9289628.80   | 0.95%             | 2034-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District                                         | FOLSOM CORDOVA CA UNIF SCH DIST                              | CUSIP: 34440PDG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1605410.94   | 0.16%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                        | RIO HONDO CA CMNTY CLG DIST                                  | CUSIP: 767121FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1319011.75   | 0.13%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                   | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743LX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $803828.55    | 0.08%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District School Facilities Improvement Dist No 5 | FOLSOM CORDOVA CA UNIF SCH DIST SCH FACS IMPT DIST #5        | CUSIP: 34440VAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4355000 | PA      | $4250395.51   | 0.43%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South San Francisco Unified School District                                    | SOUTH SAN FRANCISCO CA UNIF SCH DIST                         | CUSIP: 840058WM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1293268.77   | 0.13%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport   | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DGE3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2485028.08   | 0.25%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4500469.35   | 0.46%             | 2041-10-01      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Walnut Creek Elementary School District Contra Costa County/CA                 | WALNUT CREEK CA SCH DIST CONTRA COSTA CNTY                   | CUSIP: 932712TU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041074.60   | 0.11%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH CHRT SCH REVENUE           | CUSIP: 13069ABA5<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2613910.42   | 0.27%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                    | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GSP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271307.78    | 0.03%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino Community College District                                      | SAN BERNARDINO CA CMNTY CLG DIST                             | CUSIP: 796720QZ6<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4321876.74   | 0.44%             | 2049-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                      | KENTFIELD CA SCH DIST                                        | CUSIP: 490818MW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1726323.06   | 0.18%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                        | RIO HONDO CA CMNTY CLG DIST                                  | CUSIP: 767121FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072624.90   | 0.11%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita Community College District                                       | SANTA CLARITA CA CMNTY CLG DIST                              | CUSIP: 801686UL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2597441.18   | 0.27%             | 2045-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport   | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2904240.32   | 0.30%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                    | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179XC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4569329.20   | 0.47%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                      | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869EF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $872739.59    | 0.09%             | 2028-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UKB3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   9360000 | PA      | $9372285.94   | 0.96%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Marino Unified School District                                             | SAN MARINO CA UNIF SCH DIST                                  | CUSIP: 798832HE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781867.80    | 0.08%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                      | KENTFIELD CA SCH DIST                                        | CUSIP: 490818MR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1958460.98   | 0.20%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakeside Union School District/San Diego County                                | LAKESIDE CA UNION SCH DIST SAN DIEGO CNTY                    | CUSIP: 512138DC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2485708.80   | 0.25%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Union High School District                                     | ANTELOPE VLY CA UNION HIGH SCH DIST                          | CUSIP: 036717NB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060119.40   | 0.11%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Canada Unified School District                                              | LA CANADA CA UNIF SCH DIST                                   | CUSIP: 502516SA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4407077.20   | 0.45%             | 2050-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH CHARTER SCH REVENUE              | CUSIP: 13048DDJ4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2105000 | PA      | $1900191.92   | 0.19%             | 2031-08-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                           | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY              | CUSIP: 4724667U9<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072624.90   | 0.11%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bassett Unified School District                                                | BASSETT CA UNIF SCH DIST                                     | CUSIP: 070185WN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1730422.18   | 0.18%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego Redevelopment Agency Successor Agency                                | SAN DIEGO CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION          | CUSIP: 79730WBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249673.00    | 0.03%             | 2025-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Simi Valley Unified School District                                            | SIMI VLY CA UNIF SCH DIST                                    | CUSIP: 828641UD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4586630.00   | 0.47%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                    | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GRH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6875803.27   | 0.70%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                           | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY              | CUSIP: 4724667S4<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |    625000 | PA      | $683773.69    | 0.07%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                    | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GFR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5770000 | PA      | $5804053.96   | 0.59%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                       | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6465000 | PA      | $5168052.47   | 0.53%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Menlo Park City School District                                                | MENLO PARK CA CITY SCH DIST                                  | CUSIP: 586840QB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2349680.40   | 0.24%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                             | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835M22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1176391.12   | 0.12%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                           | INDEP CITIES CA FIN AUTH MOBILE HOME PARK REVENUE            | CUSIP: 45385LNE9<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    775000 | PA      | $544113.78    | 0.06%             | 2041-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Byron Union School District                                                    | BYRON UNION SCH DIST CA                                      | CUSIP: 12463NEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1064226.12   | 0.11%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                     | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE          | CUSIP: 120827EC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4363470.33   | 0.45%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gilroy Unified School District                                                 | GILROY CA UNIF SCH DIST                                      | CUSIP: 376087ER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1657616.28   | 0.17%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RNR School Financing Authority                                                 | RNR CA SCH FING AUTH                                         | CUSIP: 769697LS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950476.70    | 0.10%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mount Pleasant Elementary School District/CA                                   | MOUNT PLEASANT CA ELEM SCH DIST                              | CUSIP: 622344KR9<br>LEI: 549300DB7Z2IW75B3O16 | Long             | DBT              | MUN               | US        |    800000 | PA      | $901641.92    | 0.09%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hacienda La Puente Unified School District/CA                                  | HACIENDA LA PUENTE CA UNIF SCH DIST                          | CUSIP: 40450REZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1948565.60   | 0.20%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  22635000 | PA      | $23398575.88  | 2.39%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                           | INDEP CITIES CA FIN AUTH MOBILE HOME PARK REVENUE            | CUSIP: 45385LMY6<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1038406.10   | 0.11%             | 2036-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Milpitas Unified School District/CA                                            | MILPITAS CA UNIF SCH DIST                                    | CUSIP: 601670PL0<br>LEI: 549300BL87026BFAVO38 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4076384.69   | 0.42%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rio Elementary School District Community Facilities District                   | RIO CA ELEM SCH DIST CMNTY FACS DIST SPL TAX                 | CUSIP: 767027EF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1307103.75   | 0.13%             | 2031-09-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                     | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444456D6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5327619.50   | 0.54%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Rafael City Elementary School District                                     | SAN RAFAEL CA ELEM SCH DIST                                  | CUSIP: 799306RD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1153750.46   | 0.12%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                            | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TUE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2990000 | PA      | $2959492.43   | 0.30%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                     | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9395000 | PA      | $9446259.12   | 0.96%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Burbank Unified School District                                                | BURBANK CA UNIF SCH DIST                                     | CUSIP: 12082SEJ9<br>LEI: 54930068ZHOQ5PICU256 | Long             | DBT              | MUN               | US        |    700000 | PA      | $749118.72    | 0.08%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank Unified School District                                                | BURBANK CA UNIF SCH DIST                                     | CUSIP: 12082SFA7<br>LEI: 54930068ZHOQ5PICU256 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1228981.12   | 0.13%             | 2047-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                     | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445F46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10309265.00  | 1.05%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Encinitas Union School District/CA                                             | ENCINITAS CA UNION SCH DIST                                  | CUSIP: 292533HK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $705624.85    | 0.07%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chaffey Community College District                                             | CHAFFEY CA CMNTY CLG DIST                                    | CUSIP: 157432ML6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2966195.80   | 0.30%             | 2032-06-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District                                         | FOLSOM CORDOVA CA UNIF SCH DIST                              | CUSIP: 34440PDH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1772072.33   | 0.18%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                         | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4353755.20   | 0.44%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Water District Financing Authority                                      | RANCHO CA WTR DIST FING AUTH                                 | CUSIP: 752111NV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2826984.60   | 0.29%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                           | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY              | CUSIP: 4724667T2<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |    750000 | PA      | $812347.43    | 0.08%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency              | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX     | CUSIP: 79770GJZ0<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052986.60   | 0.21%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                           | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526Q2R2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2089405.92   | 0.21%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                  | SAN JOSE CA EVERGREEN CMNTY CLG DIST                         | CUSIP: 798189TD8<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |    650000 | PA      | $641521.99    | 0.07%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carmichael Recreation & Park District                                          | CARMICHAEL CA RECREATION & PARK DIST                         | CUSIP: 143430BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1295158.25   | 0.13%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South San Francisco Unified School District                                    | SOUTH SAN FRANCISCO CA UNIF SCH DIST                         | CUSIP: 840058WP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1270962.54   | 0.13%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District                                         | FOLSOM CORDOVA CA UNIF SCH DIST                              | CUSIP: 34440PDF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1460008.62   | 0.15%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                          | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A5S5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2176057.29   | 0.22%             | 2034-07-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Encinitas Union School District/CA                                             | ENCINITAS CA UNION SCH DIST                                  | CUSIP: 292533HJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533016.50    | 0.05%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                      | KENTFIELD CA SCH DIST                                        | CUSIP: 490818MQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2702844.14   | 0.28%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Community College District                                           | RIVERSIDE CA CMNTY CLG DIST                                  | CUSIP: 76886PKR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197885.30    | 0.02%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                     | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445NU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3703663.74   | 0.38%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Pleasant Elementary School District/CA                                   | MOUNT PLEASANT CA ELEM SCH DIST                              | CUSIP: 622344KX6<br>LEI: 549300DB7Z2IW75B3O16 | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2338081.32   | 0.24%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Juan Unified School District                                               | SAN JUAN CA UNIF SCH DIST                                    | CUSIP: 798306ZS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1249816.91   | 0.13%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                             | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835L98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1215775.75   | 0.12%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District                                               | STOCKTON CA UNIF SCH DIST                                    | CUSIP: 861419G60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1903889.58   | 0.19%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  14165000 | PA      | $13845409.27  | 1.41%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Sonoma County Union High School District                                  | W SONOMA CNTY CA UNION HIGH SCH DIST                         | CUSIP: 956101JW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1560749.55   | 0.16%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067REH2<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2530002.25   | 0.26%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Facilities Financing Authority Successor Agency                  | LAKE ELSINORE CA FACS FING AUTH LOCAL AGY REVENUE            | CUSIP: 50962CCR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1449986.60   | 0.15%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RFH1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |  13760000 | PA      | $12126178.88  | 1.24%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hacienda La Puente Unified School District/CA                                  | HACIENDA LA PUENTE CA UNIF SCH DIST                          | CUSIP: 40450REY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $743816.10    | 0.08%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362GR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $751435.51    | 0.08%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                            | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XLJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026413.20   | 0.21%             | 2027-04-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Monterey Peninsula Unified School District                                     | MONTEREY PENINSULA CA UNIF SCH DIST                          | CUSIP: 612582BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10161825.30  | 1.04%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Holtville Unified School District                                              | HOLTVILLE CA UNIF SCH DIST                                   | CUSIP: 436650GW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093022.20   | 0.11%             | 2052-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Marino Unified School District                                             | SAN MARINO CA UNIF SCH DIST                                  | CUSIP: 798832HB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $970204.05    | 0.10%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Banos Unified School District                                              | LOS BANOS CA UNIF SCH DIST                                   | CUSIP: 545438GQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1063428.68   | 0.11%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Palmdale Elementary School District                                            | PALMDALE CA SCH DIST                                         | CUSIP: 696735QT9<br>LEI: 549300YBE1L2RGBY7L18 | Long             | DBT              | MUN               | US        |    500000 | PA      | $454674.05    | 0.05%             | 2029-08-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| San Diego Redevelopment Agency Successor Agency                                | SAN DIEGO CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION          | CUSIP: 79730WBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248339.80    | 0.03%             | 2026-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Belmont-Redwood Shores School District/CA                                      | BELMONT-REDWOOD SHORES CA SCH DIST                           | CUSIP: 080495JU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $782625.03    | 0.08%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                    | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GSN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $647841.90    | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                    | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077CY73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8688820.00   | 0.89%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cambria Community Healthcare District                                          | CAMBRIA CA CMNTYS HLTHCARE DIST                              | CUSIP: 13201KAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $571585.70    | 0.06%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                             | LAKE TAHOE CA UNIF SCH DIST                                  | CUSIP: 511012PP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $195019.70    | 0.02%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UB80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1492649.09   | 0.15%             | 2039-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                            | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2523188.25   | 0.26%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Elementary School District Community Facilities District                   | RIO CA ELEM SCH DIST CMNTY FACS DIST SPL TAX                 | CUSIP: 767027EC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923549.60    | 0.09%             | 2028-09-01      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| Chaffey Community College District                                             | CHAFFEY CA CMNTY CLG DIST                                    | CUSIP: 157432MK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3148678.29   | 0.32%             | 2031-06-01      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                    | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3213270.66   | 0.33%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $335240.26    | 0.03%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                            | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TJS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1719859.86   | 0.18%             | 2064-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverbank Unified School District                                              | RIVERBANK CA UNIF SCH DIST                                   | CUSIP: 768569EW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068502.20   | 0.11%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Marino Unified School District                                             | SAN MARINO CA UNIF SCH DIST                                  | CUSIP: 798832HJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2925646.20   | 0.30%             | 2050-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                            | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TUC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984101.60    | 0.10%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| La Canada Unified School District                                              | LA CANADA CA UNIF SCH DIST                                   | CUSIP: 502516RW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1316053.25   | 0.13%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Belmont-Redwood Shores School District/CA                                      | BELMONT-REDWOOD SHORES CA SCH DIST                           | CUSIP: 080495JT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $545905.90    | 0.06%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                           | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY              | CUSIP: 4724667V7<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |    800000 | PA      | $852059.76    | 0.09%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pasadena CA                                                            | PASADENA CA                                                  | CUSIP: 70218GBB0<br>LEI: 5493007ZF3ZMBUWLWB58 | Long             | DBT              | MUN               | US        |   5070000 | PA      | $5347447.13   | 0.55%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362GT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529218.55    | 0.05%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH CHRT SCH REVENUE           | CUSIP: 13069AAZ1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $459384.60    | 0.05%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Pleasant Elementary School District/CA                                   | MOUNT PLEASANT CA ELEM SCH DIST                              | CUSIP: 622344KS7<br>LEI: 549300DB7Z2IW75B3O16 | Long             | DBT              | MUN               | US        |    475000 | PA      | $530199.28    | 0.05%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Encinitas Union School District/CA                                             | ENCINITAS CA UNION SCH DIST                                  | CUSIP: 292533HL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2619211.75   | 0.27%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Encinitas Union School District/CA                                             | ENCINITAS CA UNION SCH DIST                                  | CUSIP: 292533HG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $916829.30    | 0.09%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                        | RIO HONDO CA CMNTY CLG DIST                                  | CUSIP: 767121FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $606069.13    | 0.06%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                     | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444456E4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5294911.50   | 0.54%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Marino Unified School District                                             | SAN MARINO CA UNIF SCH DIST                                  | CUSIP: 798832HD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $559896.28    | 0.06%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VKY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3790000 | PA      | $3576613.90   | 0.37%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue     | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HNJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2008602.45   | 0.21%             | 2027-07-01      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City Public Financing Authority                               | SAN MATEO FOSTER CITY CA PUBLIC FING AUTH WSTWTR REVENUE     | CUSIP: 79905VAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5555000 | PA      | $5693984.43   | 0.58%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Unified School District/Yolo County CA                              | WASHINGTON CA UNIF SCH DIST YOLO CNTY                        | CUSIP: 937411NT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2498010.24   | 0.25%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RDW0<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1716919.40   | 0.18%             | 2053-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Union High School District                                     | ANTELOPE VLY CA UNION HIGH SCH DIST                          | CUSIP: 036717MZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $682202.41    | 0.07%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cambria Community Healthcare District                                          | CAMBRIA CA CMNTYS HLTHCARE DIST                              | CUSIP: 13201KAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310159.80    | 0.03%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South San Francisco Unified School District                                    | SOUTH SAN FRANCISCO CA UNIF SCH DIST                         | CUSIP: 840058WL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1175045.20   | 0.12%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Calistoga Joint Unified School District                                        | CALISTOGA CA JT UNIF SCH DIST                                | CUSIP: 130897HL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1521516.60   | 0.16%             | 2054-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Durham Unified School District                                                 | DURHAM CA UNIF SCH DIST                                      | CUSIP: 266669DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1729496.99   | 0.18%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                         | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446463Z3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $17265731.40  | 1.76%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Union High School District                                           | SAN MATEO CA UNION HIGH SCH DIST                             | CUSIP: 799017YE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1001089.42   | 0.10%             | 2034-09-01      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                             | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835M30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1287308.96   | 0.13%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank Unified School District                                                | BURBANK CA UNIF SCH DIST                                     | CUSIP: 12082SEG5<br>LEI: 54930068ZHOQ5PICU256 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545469.90    | 0.06%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067REJ8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $958245.90    | 0.10%             | 2054-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                           | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356RG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $791075.60    | 0.08%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RFU2<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5301748.50   | 0.54%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carmichael Recreation & Park District                                          | CARMICHAEL CA RECREATION & PARK DIST                         | CUSIP: 143430BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $356897.74    | 0.04%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kern Community College District                                                | KERN CA CMNTY CLG DIST                                       | CUSIP: 492244GT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082811.00   | 0.11%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                      | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869EE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $670005.55    | 0.07%             | 2027-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                             | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835M48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2676108.68   | 0.27%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                       | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HVB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6035000 | PA      | $6551367.27   | 0.67%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                      | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869JD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6341922.52   | 0.65%             | 2026-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tamalpais Union High School District                                           | TAMALPAIS CA UNION HIGH SCH DIST                             | CUSIP: 874857LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3078312.81   | 0.31%             | 2049-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Mount Pleasant Elementary School District/CA                                   | MOUNT PLEASANT CA ELEM SCH DIST                              | CUSIP: 622344KU2<br>LEI: 549300DB7Z2IW75B3O16 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1322183.21   | 0.13%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                                | CUPERTINO CA UNION SCH DIST                                  | CUSIP: 231237T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1409160.75   | 0.14%             | 2045-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fontana Unified School District                                                | FONTANA CA UNIF SCH DIST                                     | CUSIP: 344640XX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1273535.83   | 0.13%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270066.20    | 0.03%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Clemente CA                                                        | SAN CLEMENTE CA SPL TAX                                      | CUSIP: 797214DK6<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3315775.04   | 0.34%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue          | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9530000 | PA      | $9689151.95   | 0.99%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue     | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HNH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259703.88   | 0.13%             | 2026-07-01      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Washington Unified School District/Yolo County CA                              | WASHINGTON CA UNIF SCH DIST YOLO CNTY                        | CUSIP: 937411NS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2295152.88   | 0.23%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                             | LAKE TAHOE CA UNIF SCH DIST                                  | CUSIP: 511012PV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $469390.74    | 0.05%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pajaro Valley Unified School District                                          | PAJARO VLY CA UNIF SCH DIST                                  | CUSIP: 695802RS9<br>LEI: 549300WHZ2OWRXQ3OY05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9408318.00   | 0.96%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362GA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266382.13    | 0.03%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Piner-Olivet Union Elementary School District/CA                               | PINER-OLIVET CA UNION SCH DIST                               | CUSIP: 723291DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $54063.54     | 0.01%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                           | SAN DIEGO CA CMNTY CLG DIST                                  | CUSIP: 797272RS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2355565.68   | 0.24%             | 2030-08-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                    | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179YE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10298404.00  | 1.05%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VV21<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6912112.73   | 0.71%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Unified School District                                                | CENTRL CA UNIF SCH DIST                                      | CUSIP: 15276PQL6<br>LEI: 549300AKOP2UG4D0YH67 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $915978.64    | 0.09%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fullerton Joint Union High School District                                     | FULLERTON CA JT UNION HIGH SCH DIST                          | CUSIP: 359796LE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7895000 | PA      | $6881601.75   | 0.70%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362GV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1855580.65   | 0.19%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Berkeley Unified School District/CA                                            | BERKELEY CA UNIF SCH DIST                                    | CUSIP: 084154M75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2895850.72   | 0.30%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBW7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2587886.43   | 0.26%             | 2037-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                              | IRVINE CA SPL TAX                                            | CUSIP: 46360TFU2<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021310.30   | 0.10%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RNR School Financing Authority                                                 | RNR CA SCH FING AUTH                                         | CUSIP: 769697LR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985865.00    | 0.10%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mountain View-Whisman School District                                          | MOUNTAIN VIEW-WHISMAN CA SCH DIST                            | CUSIP: 62451FMB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1297859.81   | 0.13%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE                   | CUSIP: 130483HX1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005110.80   | 0.10%             | 2043-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                    | SANTA MONICA-MALIBU CA UNIF SCH DIST                         | CUSIP: 802498F34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2378554.43   | 0.24%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfield-Suisun Unified School District                                       | FAIRFIELD-SUISUN CA UNIF SCH DIST                            | CUSIP: 304747JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $456413.50    | 0.05%             | 2029-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Monterey County Unified School District                                  | NORTH MONTEREY CNTY CA UNION SCH DIST                        | CUSIP: 661190HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $378189.56    | 0.04%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                           | INDEP CITIES CA FIN AUTH MOBILE HOME PARK REVENUE            | CUSIP: 45385LNT6<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1425883.11   | 0.15%             | 2036-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TN33<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504733.55    | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                     | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3215000 | PA      | $3241691.89   | 0.33%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lompoc Unified School District                                                 | LOMPOC CA UNIF SCH DIST                                      | CUSIP: 541772LN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064258.80   | 0.11%             | 2046-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Housing Authority                                                  | LOS ANGELES CA HSG AUTH MF HSG REVENUE                       | CUSIP: 544562DL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2274653.50   | 0.23%             | 2044-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Menlo Park City School District                                                | MENLO PARK CA CITY SCH DIST                                  | CUSIP: 586840QC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2200133.93   | 0.22%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                            | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TUD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $278608.46    | 0.03%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH SPL FAC REVENUE                  | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10130000 | PA      | $9922720.95   | 1.01%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                      | KENTFIELD CA SCH DIST                                        | CUSIP: 490818MT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1264906.62   | 0.13%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                               | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UJ82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503222.30   | 0.15%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Pleasanton Unified School District                                             | PLEASANTON CA UNIF SCH DIST                                  | CUSIP: 728835N96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1018313.70   | 0.10%             | 2046-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                   | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743MB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3954460.50   | 0.40%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sunnyvale School District                                                      | SUNNYVALE CA SCH DIST                                        | CUSIP: 867578XY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3345553.08   | 0.34%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mount Pleasant Elementary School District/CA                                   | MOUNT PLEASANT CA ELEM SCH DIST                              | CUSIP: 622344KV0<br>LEI: 549300DB7Z2IW75B3O16 | Long             | DBT              | MUN               | US        |    845000 | PA      | $914582.03    | 0.09%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                           | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356RE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1927642.68   | 0.20%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentfield School District                                                      | KENTFIELD CA SCH DIST                                        | CUSIP: 490818MU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1070306.52   | 0.11%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                           | INDEP CITIES CA FIN AUTH MOBILE HOME PARK REVENUE            | CUSIP: 45385LNH2<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   3685000 | PA      | $2140378.82   | 0.22%             | 2056-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| San Marino Unified School District                                             | SAN MARINO CA UNIF SCH DIST                                  | CUSIP: 798832HC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050613.10   | 0.11%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                    | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                    | CUSIP: 13067RFJ7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5218620.60   | 0.53%             | 2054-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                         | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SEW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2726774.40   | 0.28%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2297196.68   | 0.23%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                              | IRVINE CA SPL TAX                                            | CUSIP: 46360TFR9<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1186259.62   | 0.12%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                            | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TJR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2206387.35   | 0.23%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                          | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9482029.00   | 0.97%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                    | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GRJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7240000 | PA      | $7248884.93   | 0.74%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                   | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051866.70   | 0.11%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Belmont-Redwood Shores School District/CA                                      | BELMONT-REDWOOD SHORES CA SCH DIST                           | CUSIP: 080495JZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1120036.96   | 0.11%             | 2054-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                            | CALIFORNIA ST                                                | CUSIP: 13063EMF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3160033.20   | 0.32%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Culver City Unified School District                                            | CULVER CITY CA UNIF SCH DIST                                 | CUSIP: 230345KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6640000 | PA      | $6143321.36   | 0.63%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                             | LONG BEACH CA UNIF SCH DIST                                  | CUSIP: 542433UX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2069760.07   | 0.21%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TN25<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800610.24    | 0.08%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank Unified School District                                                | BURBANK CA UNIF SCH DIST                                     | CUSIP: 12082SEH3<br>LEI: 54930068ZHOQ5PICU256 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539741.40    | 0.06%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                 | CLOVIS CA UNIF SCH DIST                                      | CUSIP: 189342P93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1996586.12   | 0.20%             | 2039-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                    | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GRE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3080766.30   | 0.31%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Unified School District                                             | LAKE TAHOE CA UNIF SCH DIST                                  | CUSIP: 511012PU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3860000 | PA      | $4011118.61   | 0.41%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Unified School District/Yolo County CA                              | WASHINGTON CA UNIF SCH DIST YOLO CNTY                        | CUSIP: 937411NQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1928314.63   | 0.20%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                             | LONG BEACH CA UNIF SCH DIST                                  | CUSIP: 542433GU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3067264.09   | 0.31%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Placentia-Yorba Linda Unified School District                                  | PLACENTIA-YORBA LINDA CA UNIF SCH DIST                       | CUSIP: 725894MQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1715132.20   | 0.18%             | 2039-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                    | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    637594 | PA      | $441565.02    | 0.05%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                   | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743LW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1515172.82   | 0.15%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Dieguito Union High School District                                        | SAN DIEGUITO CA UNION HIGH SCH DIST                          | CUSIP: 797508KS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5505304.00   | 0.56%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ventura Unified School District                                                | VENTURA CA UNIF SCH DIST                                     | CUSIP: 923004UK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1857434.20   | 0.19%             | 2051-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                         | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7705000 | PA      | $7386281.13   | 0.75%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                            | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13056HAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008167.20   | 0.31%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABC Unified School District                                                    | ABC CA UNIF SCH DIST                                         | CUSIP: 000416Z42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5780000 | PA      | $5379956.37   | 0.55%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lompoc Unified School District                                                 | LOMPOC CA UNIF SCH DIST                                      | CUSIP: 541772LW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4523720.06   | 0.46%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mount Pleasant Elementary School District/CA                                   | MOUNT PLEASANT CA ELEM SCH DIST                              | CUSIP: 622344KT5<br>LEI: 549300DB7Z2IW75B3O16 | Long             | DBT              | MUN               | US        |    560000 | PA      | $618984.86    | 0.06%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                    | SANTA MONICA-MALIBU CA UNIF SCH DIST                         | CUSIP: 802498A88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7420000 | PA      | $7943162.68   | 0.81%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                            | NAPA VLY CA UNIF SCH DIST                                    | CUSIP: 630362GB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $296201.75    | 0.03%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Clemente CA                                                        | SAN CLEMENTE CA SPL TAX                                      | CUSIP: 797214DH3<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1442815.79   | 0.15%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                            | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $430448.97    | 0.04%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                        | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024F72<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3734857.80   | 0.38%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Biggs Unified High School District                                             | BIGGS CA UNIF SCH DIST                                       | CUSIP: 089842AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035389.10   | 0.11%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                        | RIO HONDO CA CMNTY CLG DIST                                  | CUSIP: 767121FG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065921.80   | 0.11%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                   | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743MC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2360676.58   | 0.24%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** Eaton Vance Municipals Trust

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer