# EDGAR Filing Document

**Accession Number:** 0001181504
**File Stem:** 0001181504-25-000031
**Filing Date:** 2025-8
**Character Count:** 93639
**Document Hash:** 8213994421d22bc1f0d3a93d317169a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001181504-25-000031.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001181504-25-000031

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO CALIFORNIA MUNICIPAL INCOME FUND III
- **CENTRAL INDEX KEY:** 0001181504

**ORGANIZATION NAME:**
- **EIN:** 161624050
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21188
- **FILM NUMBER:** 251277470

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-739-4000

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-21188

- **c. CIK number of Registrant:** 0001181504

- **d. LEI of Registrant:** BVT0QWDJNZ8WI4XN5U25

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

  - **Street Address 1:** 1633 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** (844) 337-4626

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

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

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

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $277540938.05

**Total Liabilities:** $121454761.82

**Net Assets:** $156086176.23

**Cash Not Reported:** $1154810.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1598.408000 | **1-Year:** 3802.623900 | **5-Year:** 29448.916600 | **10-Year:** 148544.284900 | **30-Year:** 10526.454500

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

- **3-Month:** 58.540600 | **1-Year:** 447.339900 | **5-Year:** 8363.310600 | **10-Year:** 22070.267400 | **30-Year:** 3919.825000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.09%               | -3.12%               | 1.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-681806.02              | $-3693908.41                               |
| Month 2  | $-54963.16               | $-4109061.79                               |
| Month 3  | $-256971.22              | $405708.43                                 |

**Designated Index Information**

- **Index Name:** ICE California Long Duration Municipal Securities Index

- **Index Identifier:** MCLD

### Schedule of Portfolio Investments

| Name                                                                         | Title                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 11/44 FIXED 4         | CUSIP: 13032UMN5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $899174.30    | 0.58%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE PUBLIC WORKS BOARD                                          | CALIFORNIA ST PUBLIC WKS BRD L CASFAC 04/46 FIXED 5         | CUSIP: 13068XPV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521866.60    | 0.33%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION                                          | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/66 ZEROCPNOID 0    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20025000 | PA      | $2123493.05   | 1.36%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITY OF FREMONT CA COMMUNITY FACILITIES DISTRICT NO 1                        | FREMONT CA CMNTY FACS DIST  1 FMTFAC 09/45 FIXED 5          | CUSIP: 357129CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1380939.28   | 0.88%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO INTERNATIONAL AIRPORT AUTHORITY                                      | ONTARIO CA INTERNATIONAL ARPT ONATRN 05/51 FIXED 4          | CUSIP: 683042AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $356764.52    | 0.23%             | 2051-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                            | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR  | CUSIP: 13034DAJ3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1768869.90   | 1.13%             | 2053-03-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| DESERT COMMUNITY COLLEGE DISTRICT                                            | DESERT CMNTY CLG DIST CA DESERT CCD                         | CUSIP: 250375NC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $978678.91    | 0.63%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO UNIFIED SCHOOL DISTRICT                                            | SAN DIEGO CA UNIF SCH DIST SDGEDU 07/54 FIXED OID 4         | CUSIP: 797356MV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1581311.34   | 1.01%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN FRANCISCO CA PUBLIC UTILITIES COMMISSION WATER REVENUE           | SAN FRANCISCO CITY   CNTY CA P SFOWTR 11/39 FIXED 4         | CUSIP: 79765RJ67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $761594.36    | 0.49%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CORONA-NORCA UNIFIED SCHOOL DI                                               | CORONA NORCO CA UNIF SCH DIST CNRSCD 08/47 FIXED 4          | CUSIP: 219764RC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1341520.42   | 0.86%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                              | CALIFORNIA CMNTY CHOICE FING A CCEDEV 01/55 ADJUSTABLE VAR  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3101202.90   | 1.99%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                       | PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0    | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   7700000 | PA      | $2453179.96   | 1.57%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                              | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/55 ZEROCPNOID 0    | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $714525.60    | 0.46%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE CALIF CMNTY COLLEGE DIST                                            | GLENDALE CA CMNTY CLG DIST GLEHGR 08/50 FIXED 4             | CUSIP: 378394JA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886611.50    | 0.57%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTHORITY                                                       | M S R CA ENERGY AUTH GAS REVEN MSRPWR 11/34 FIXED 7         | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1534337.93   | 0.98%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH SP 09/59 5.125                  | CUSIP: 13051AHS0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    575000 | PA      | $561797.08    | 0.36%             | 2059-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HARTNELL CALIF CMNTY COLLEGE DIST                                            | HARTNELL CA CMNTY CLG DIST HARHGR 08/42 FIXED 4             | CUSIP: 417123FT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1075958.75   | 0.69%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRESNO UNIFIED SCHOOL DISTRICT EDUCATIONAL FACILITIES CORPORATION            | FRESNO CA UNIF SCH DIST FRESCD 08/46 FIXED 4                | CUSIP: 3582324A1<br>LEI: 549300WL4QIP65TFU882 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $1954784.53   | 1.25%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                      | CALIFORNIA ST INFRASTRUCTURE CASDEV 01/65 ADJUST OID VAR    | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    350000 | PA      | $331871.02    | 0.21%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                            | CALIFORNIA ST HSG FIN AGY MF T CASHSG 02/42 FIXED 4.33      | CUSIP: 130331AF8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972083.50    | 0.62%             | 2042-02-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| SAN MATEO JOINT POWERS FINANCING AUTHORITY                                   | SAN MATEO CNTY CA JT PWRS FING SMTGEN 07/52 FIXED OID 4     | CUSIP: 79904NGQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1395048.67   | 0.89%             | 2052-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                     | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/46 ZEROCPNOID 0    | CUSIP: 888804BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $248615.10    | 0.16%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                             | CALIFORNIA ST CAS 09/43 FIXED OID 4                         | CUSIP: 13063D5S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1525988.96   | 0.98%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF GRAND FORKS                                                        | GRAND FORKS CNTY ND GRADEV 12/43 FIXED 7                    | CUSIP: 38543PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $5.70         | 0.00%             | 2043-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH SP 09/54 5                      | CUSIP: 13051AHH4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97165.76     | 0.06%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA UNIFIED SCHOOL DISTRICT                                       | FOLSOM CORDOVA CA UNIF SCH DIS FOLSCD 10/44 FIXED 4         | CUSIP: 34440PBY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1079427.10   | 0.69%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT | SAN FRANCISCO CALIF CITY  CNTY SFOAPT 05/46 FIXED 5         | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1781135.46   | 1.14%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                     | ARIZONA ST INDL DEV AUTH ECON AZSDEV 07/50 FIXED OID 7.75   | CUSIP: 040523AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $21900.00     | 0.01%             | 2050-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SAN MARCOS REDEVELOPMENT AGENCY SUCCESSOR AGENCY                             | SAN MARCOS CA REDEV AGY SUCCES SMSDEV 10/34 FIXED 5         | CUSIP: 79876CAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $889446.77    | 0.57%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JUAN UNIFIED SCHOOL DISTRICT                                             | SAN JUAN CA UNIF SCH DIST SAN JUAN UNIF SD                  | CUSIP: 798306ZS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1343889.15   | 0.86%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                             | CALIFORNIA ST CAS 11/47 FIXED 4                             | CUSIP: 13063DAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1364211.75   | 0.87%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY 2024-ML25                                            | FREDDIE MAC MULTIFAMILY FRETE 2024 ML25 BCA                 | CUSIP: 30339BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    400000 | PA      | $256603.52    | 0.16%             | 2043-01-25      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT | SAN FRANCISCO CALIF CITY  CNTY SFOAPT 05/33 FIXED 5         | CUSIP: 79766DXK0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1632007.05   | 1.05%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE FACILITIES FINANCING AUTHORITY                                        | IRVINE CA FACS FING AUTH SPL T IRGFAC 09/58 FIXED OID 4     | CUSIP: 46360WAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1747917.20   | 1.12%             | 2058-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHILDRENS TRUST FD TOBACCO SETTLMNT                                          | THE CHILDRENS TRUST FUND PR TO CHIGEN 05/57 ZEROCPNOID 0    | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  13000000 | PA      | $717411.50    | 0.46%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                  | CALIFORNIA ST EDUCTNL FACS AUT CASEDU 10/53 FIXED OID 5.5   | CUSIP: 130179VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981701.20    | 0.63%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                             | CALIFORNIA ST CAS 04/49 FIXED 4                             | CUSIP: 13063DP51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1575123.73   | 1.01%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                             | PUERTO RICO CMWLTH PRC 07/41 FIXED 4                        | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889692.00    | 0.57%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIO HONDO CALIF CMNTY COLLEGE DIST                                           | RIO HONDO CA CMNTY CLG DIST RHDHGR 08/45 ZEROCPNOID 0       | CUSIP: 767121EU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $562497.75    | 0.36%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON TOWNSHIP HEALTHCARE DISTRICT                                      | WASHINGTON TWP CA HLTH CARE DI WASMED 08/45 FIXED 4         | CUSIP: 940642DH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2261791.75   | 1.45%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 09/30 FIXED 3         | CUSIP: 13048VUM8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1702783.98   | 1.09%             | 2030-09-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                              | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/38 FIXED OID 6.125 | CUSIP: 13016NBJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001285.30   | 0.64%             | 2038-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VALLEY COMMUNITY COLLEGE DISTRICT                                   | ANTELOPE VLY CA CMNTY CLG DIST ANVHGR 08/47 ZEROCPNOID 0    | CUSIP: 03667PJW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $187652.76    | 0.12%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                        | FED HM LN PC POOL WE2060 FR 02/38 FIXED 3.85                | CUSIP: 3132Y7JD8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1778135 | PA      | $1704875.44   | 1.09%             | 2038-02-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                       | PUERTO RICO SALES TAX FING COR PRCGEN 07/51 ZEROCPNOID 0    | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  10440000 | PA      | $2440971.18   | 1.56%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                             | CALIFORNIA ST CAS 10/39 FIXED 4                             | CUSIP: 13063DFP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4393715.85   | 2.81%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY TRANSPORTATION COMMISSION                                   | RIVERSIDE CNTY CA TRANSPRTN CO RIVTRN 06/47 FIXED 4         | CUSIP: 76912DBB3<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1643273.03   | 1.05%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA ST STWD CMNTYS DEV 11/59 1                       | CUSIP: 13079PXY4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1261065.85   | 0.81%             | 2059-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| SANTA CLARITA COMMUNITY COLLEGE DISTRICT                                     | SANTA CLARITA CA CMNTY CLG DIS SCTHGR 08/46 FIXED 4         | CUSIP: 801686PW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1655817.48   | 1.06%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY                                  | SAN DIEGO CNTY CA REGL ARPT AU SDGAPT 07/51 FIXED 4         | CUSIP: 79739GNW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1411338.13   | 0.90%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                          | CALIFORNIA ST SCH FIN AUTH CHR CASSCD 07/55 FIXED OID 5     | CUSIP: 13058TVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1224981.03   | 0.78%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL/EASTERN TOLL ROAD CA                                                | FOOTHILL ESTRN TRANSPRTN CORRI FOOTRN 01/53 ADJ CNVFIX 3.95 | CUSIP: 345105GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $620496.79    | 0.40%             | 2053-01-15      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 09/50 FIXED 4         | CUSIP: 13048VUP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $959162.16    | 0.61%             | 2050-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| RIVER ISLANDS PUBLIC FINANCING AUTHORITY                                     | RIVER ISLANDS CA PUBLIC FING A RIVER ISLANDS PUB FIN        | CUSIP: 76827QKZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $358943.81    | 0.23%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 08/55 FIXED 5         | CUSIP: 13032UDC9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5003485.50   | 3.21%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                             | PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1763760 | PA      | $1086917.17   | 0.70%             | 2043-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH MU CASMFH 02/41 ADJUST OID VAR  | CUSIP: 13050WAB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    999183 | PA      | $852106.02    | 0.55%             | 2041-02-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY                                                  | CMFA SPL FIN AGY CA ESSENTIAL CMFHSG 08/45 FIXED 4          | CUSIP: 12574WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $955565.06    | 0.61%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORANGE COUNTY COMMUNITY FACILITIES DISTRICT                                  | ORANGE CNTY CA CMNTY FACS DIST ORANGE CO CMNTY FACS         | CUSIP: 68423PA91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $820683.04    | 0.53%             | 2053-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SACRAMENTO CA                                                      | SACRAMENTO CNTY CA SPL TAX SACGEN 09/42 FIXED 5             | CUSIP: 786153RT5<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1554298.46   | 1.00%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINO VALLEY UNIFIED SCHOOL DISTRICT                                         | CHINO VLY CA UNIF SCH DIST CIVSCD 08/38 ZEROCPNOID 0        | CUSIP: 169583JN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $744854.89    | 0.48%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH HOSP R                                     | VIRGINIA ST SMALL BUSINESS FIN VASHGR 07/61 ZEROCPNOID 0    | CUSIP: 92810PAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $407647.50    | 0.26%             | 2061-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH MF CASMFH 11/36 FIXED 4         | CUSIP: 130483ES5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $736984.56    | 0.47%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                            | CALIFORNIA HSG FIN AGY LTD OBL CA HSG FIN AGY H             | CUSIP: 13034DAF1<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1765342.43   | 1.13%             | 2053-11-01      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 08/54 FIXED 5         | CUSIP: 13033L8P5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000025.20   | 1.92%             | 2054-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                  | ILLINOIS ST ILS 11/27 FIXED 5                               | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044866.50   | 0.67%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES COUNTY SANITATION DISTRICTS FINANCING AUTHORITY                  | LOS ANGELES CNTY CA SANTN DIST LOSUTL 10/42 FIXED 4         | CUSIP: 545149KM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1097930.47   | 0.70%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHINO VALLEY UNIFIED SCHOOL DISTRICT                                         | CHINO VLY CA UNIF SCH DIST CIVSCD 08/41 ZEROCPNOID 0        | CUSIP: 169583JR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $923860.14    | 0.59%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE UNIVERSITY                                                  | CALIFORNIA ST UNIV REVENUE CASHGR 11/43 FIXED 5             | CUSIP: 13077CY65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3301867.14   | 2.12%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MULTIFAMILY ML CERTIFICATES                                      | FEDERAL HOME LN MTG CORP 11/38 1                            | CUSIP: 3137HH6G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   1686717 | PA      | $1574532.69   | 1.01%             | 2038-11-25      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| DEPARTMENT OF VETERANS AFFAIRS VETERANS FARM & HOME PURCHASE PROGRAM         | CALIFORNIA ST DEPT OF VETERANS CASHSG 12/46 FIXED 4.95      | CUSIP: 130658SS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304586.13    | 0.20%             | 2046-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01                          | AFFORDABLE HSG OPPORTUNITIES T TENGEN 10/38 FIXED 7.12      | CUSIP: 00826SAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $389842.40    | 0.25%             | 2038-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CITY & COUNTY OF SAN FRANCISCO CA                                            | SAN FRANCISCO CITY   CNTY CA M SFOMFH 02/46 FIXED 5         | CUSIP: 79765PEF6<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001019.30   | 0.64%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFICA SCHOOL DISTRICT                                                     | PACIFICA CA SCH DIST PACSCD 08/50 FIXED 5                   | CUSIP: 69511CCD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1541464.05   | 0.99%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HASTINGS CAMPUS HOUSING FINANCE AUTHORITY                                    | HASTINGS CAMPUS HSG FIN AUTH C HCHGEN 07/45 FIXED 5         | CUSIP: 418338AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1823408.20   | 1.17%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA UNIFIED SCHOOL DISTRICT                                              | FONTANA CA UNIF SCH DIST FONSCD 08/43 FIXED 5               | CUSIP: 344640YA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1696095.73   | 1.09%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY HOUSING AGENCY                                          | CALIFORNIA CMNTY HSG AGY ESSEN CCHHSG 08/52 FIXED OID 4.5   | CUSIP: 13013FBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $763826.80    | 0.49%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CORONA COMMUNITY FACILITIES DISTRICT                                         | CORONA CA CMNTY FACS DIST SPL CORONA CMNTY FACS DT          | CUSIP: 219680HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $733999.21    | 0.47%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANTECA UNIFIED SCHOOL DISTRICT                                              | MANTECA CA UNIF SCH DIST MANSCD 08/45 FIXED 4               | CUSIP: 564538GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1662431.40   | 1.07%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF UPLAND CA                                                            | UPLAND CA COPS UPLCTF 01/42 FIXED 4                         | CUSIP: 915346GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1984966.65   | 1.27%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 03/42 FIXED 4         | CUSIP: 13080SWH3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2224972.75   | 1.43%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 06/46 FIXED 5         | CUSIP: 13080SNN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929198.40    | 0.60%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH MF CASMFH 07/41 FIXED 4.7       | CUSIP: 130483HZ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    900000 | PA      | $902824.47    | 0.58%             | 2041-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH HOSP R                                     | VIRGINIA ST SMALL BUSINESS FIN VASHGR 07/44 FIXED OID 5.5   | CUSIP: 92810PAW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $418625.15    | 0.27%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT                                     | CHAFFEY CA JT UNION HIGH SCH D CHFSCD 08/49 FIXED 4         | CUSIP: 157411SL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1086701.04   | 0.70%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTHORITY                                          | CALIFORNIA ST SCH FIN AUTH CHR CASSCD 07/59 FIXED 5         | CUSIP: 13058TUF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $360773.74    | 0.23%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTHORITY                                                      | BAY AREA CA TOLL AUTH TOLL BRI BAYTRN 04/54 FIXED OID 4.125 | CUSIP: 072024YW6<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1341186.90   | 0.86%             | 2054-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CENTRAL VALLEY ENERGY AUTHORITY                                              | CENTRL VLY CA ENERGY AUTH COMM CTVPWR 12/55 ADJUSTABLE VAR  | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1600087.80   | 1.03%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                     | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 12/36 FIXED OID 4.817 | CUSIP: 63607WAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1651753 | PA      | $1606655.36   | 1.03%             | 2036-12-20      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| ANGELINA & NECHES RIVER AUTHORITY                                            | ANGELINA NECHES RIVER AUTH I ANGDEV 12/45 FIXED 12          | CUSIP: 03469KAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $77877.61     | 0.05%             | 2045-12-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| LOS ANGELES UNIFIED SCHOOL DISTRICT/CA                                       | LOS ANGELES CA UNIF SCH DIST LOSSCD 07/42 FIXED 5           | CUSIP: 544647KR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536086.90    | 0.34%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                   | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/48 FIXED 5         | CUSIP: 544445GY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1799594.82   | 1.15%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTHORITY                                                       | M S R CA ENERGY AUTH GAS REVEN MSRPWR 11/34 FIXED 7         | CUSIP: 55374SAH3<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1194037.30   | 0.76%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM UNION HIGH SCHOOL DISTRICT                                           | ANAHEIM CA UNION HIGH SCH DIST ANASCD 08/46 FIXED OID 4.375 | CUSIP: 032591VG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1480303.50   | 0.95%             | 2046-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SAN DIEGO CA                                                       | SAN DIEGO CNTY CA COPS 10/53 5                              | CUSIP: 7973916D6<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3086346.00   | 1.98%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                      | CALIFORNIA ST INFRASTRUCTURE CASEDU 11/50 FIXED 4           | CUSIP: 13035ABR9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    860000 | PA      | $712524.88    | 0.46%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SACRAMENTO CA                                                      | SACRAMENTO CNTY CA SPL TAX SACGEN 09/47 FIXED 5             | CUSIP: 786153RU2<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |    400000 | PA      | $391711.80    | 0.25%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEJON RANCH PUBLIC FACILITIES FINANCE AUTHORITY                              | TEJON RANCH CA PUBLIC FACS FIN TEJFAC 09/54 FIXED 5         | CUSIP: 879083FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $577760.82    | 0.37%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT | SAN FRANCISCO CALIF CITY  CNTY SFOAPT 05/49 FIXED 5         | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3711615.38   | 2.38%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                     | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/48 FIXED 5         | CUSIP: 888804CR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1293160.78   | 0.83%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 11/38 FIXED 4         | CUSIP: 13032UMM7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1191992.83   | 0.76%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/50 FIXED 5          | CUSIP: 13078YWK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1491679.80   | 0.96%             | 2050-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                   | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/35 FIXED 5.5       | CUSIP: 544445B65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2178102.20   | 1.40%             | 2035-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY                                    | ALAMEDA CA CORRIDOR TRANSPRTN ALAMEDA CORRIDOR A            | CUSIP: 010869MH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $494996.36    | 0.32%             | 2052-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MOUNT SAN JACINTO COMMUNITY COLLEGE DISTRICT                                 | MOUNT SAN JACINTO CA CMNTY CLG MSJHGR 08/43 FIXED 4         | CUSIP: 623053BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3408689.74   | 2.18%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                        | FED HM LN PC POOL WE2008 FR 06/33 FIXED 4.08                | CUSIP: 3132Y7GR0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1042732 | PA      | $1047415.21   | 0.67%             | 2033-06-01      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| LONG BEACH UNIFIED SCHOOL DISTRICT                                           | LONG BEACH CA UNIF SCH DIST LONSCD 08/33 FIXED 5.75         | CUSIP: 542433SK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $306316.26    | 0.20%             | 2033-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SILICON VALLEY TOBACCO SECURITIZATION AUTHORITY                              | SILICON VLY CA TOBACCO SECURIT SILGEN 06/36 ZEROCPNOID 0    | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $542370.40    | 0.35%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTHORITY                                                       | M S R CA ENERGY AUTH GAS REVEN MSRPWR 11/39 FIXED OID 6.5   | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $2033962.11   | 1.30%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EUREKA CITY SCHOOLS                                                          | EUREKA CA CITY SCHS EUREDU 08/49 FIXED 4                    | CUSIP: 298470BT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1795679.20   | 1.15%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 08/42 FIXED 5         | CUSIP: 13032U3T3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1043516.27   | 0.67%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH UNIFIED SCHOOL DISTRICT                                           | LONG BEACH CA UNIF SCH DIST LONSCD 08/53 FIXED OID 4        | CUSIP: 542433ZC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1095891.13   | 0.70%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM SPRINGS UNIFIED SCHOOL DISTRICT                                         | PALM SPRINGS CA UNIF SCH DIST PSPSCD 08/49 FIXED OID 4      | CUSIP: 6966676Z2<br>LEI: 549300VO66CCEHGE5291 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1076198.52   | 0.69%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO HOUSING AUTHORITY/CA                                               | SAN DIEGO CA HSG AUTH MF HSG R SAN DIEGO HSG AUTH E         | CUSIP: 79728FLL3<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1895553.92   | 1.21%             | 2040-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FINANCE AUTHORITY                                          | CALIFORNIA PUBLIC FIN AUTH REV CASGEN 07/54 FIXED OID 6.25  | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2302640.55   | 1.48%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CITY SCHOOL DISTRICT                                                 | ANAHEIM CA ELEM SCH DIST ANASCD 08/50 FIXED OID 4.25        | CUSIP: 032555SD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2171480.37   | 1.39%             | 2050-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                            | CALIFORNIA ST HSG FIN AGY MF T CASHSG 10/39 FIXED 4         | CUSIP: 130331AM3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974375.50    | 0.62%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 10/46 FIXED 3.4       | CUSIP: 126292AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $264663.91    | 0.17%             | 2046-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FRESNO UNIFIED SCHOOL DISTRICT EDUCATIONAL FACILITIES CORPORATION            | FRESNO CA UNIF SCH DIST FRESNO USD C                        | CUSIP: 358233DU5<br>LEI: 549300WL4QIP65TFU882 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1826777.82   | 1.17%             | 2055-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 10/50 ADJUSTABLE VAR  | CUSIP: 13032U4Q8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1399696.87   | 0.90%             | 2050-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO UNIFIED SCHOOL DISTRICT                                            | SAN DIEGO CA UNIF SCH DIST SDGEDU 07/48 FIXED 5             | CUSIP: 797356JN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088248.80   | 1.34%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROMA INDEPENDENT SCHOOL DISTRICT                                             | ROMA TX INDEP SCH DIST ROMSCD 02/54 FIXED OID 4             | CUSIP: 775830SM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1547551.44   | 0.99%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO COUNTY REGIONAL AIRPORT AUTHORITY                                  | SAN DIEGO CNTY CA REGL ARPT AU SDGAPT 07/56 FIXED 5         | CUSIP: 79739GNY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1179543.12   | 0.76%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GROSSMONT HEALTHCARE DISTRICT                                                | GROSSMONT CA HLTHCARE DIST GROMED 07/40 FIXED 5             | CUSIP: 399223EA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $984342.51    | 0.63%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CALIF FING AUTH TAX ALLOCATION                                     | LANCASTER CA FING AUTH LEASE R 05/49 4                      | CUSIP: 51378QBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1097679.36   | 0.70%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE UNIVERSITY                                                  | CALIFORNIA ST UNIV REVENUE CASHGR 11/49 FIXED OID 4         | CUSIP: 13077DUR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $530480.58    | 0.34%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                            | CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR  | CUSIP: 13034DAK0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $477145.75    | 0.31%             | 2053-03-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 02/57 FIXED 3         | CUSIP: 126292AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $332552.15    | 0.21%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 07/48 FIXED 4         | CUSIP: 13080STJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    850000 | PA      | $760141.06    | 0.49%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                     | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 07/39 ADJUSTABLE VAR  | CUSIP: 63607WBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1393895 | PA      | $1294912.67   | 0.83%             | 2039-07-20      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                     | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/46 ZEROCPNOID 0    | CUSIP: 888804BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $286116.90    | 0.18%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/46 FIXED 5         | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2931706.27   | 1.88%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF RICHMOND CA WASTEWATER REVENUE                                       | RICHMOND CA WSTWTR REVENUE RICUTL 08/49 FIXED 4             | CUSIP: 764507DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1063316.29   | 0.68%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| M-S-R ENERGY AUTHORITY                                                       | M S R CA ENERGY AUTH GAS REVEN MSRPWR 11/39 FIXED OID 6.5   | CUSIP: 55374SAJ9<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1196448.30   | 0.77%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 08/41 FIXED 5         | CUSIP: 13032U3S5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    750000 | PA      | $809938.88    | 0.52%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                  | CALIFORNIA ST EDUCTNL FACS AUT CASEDU 10/55 FIXED 5         | CUSIP: 130179YE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $823872.32    | 0.53%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                             | PUERTO RICO CMWLTH PRC 07/33 ZEROCPNOID 0                   | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $692548.90    | 0.44%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                            | CALIFORNIA HSG FIN AGY MUNI CT CASHSG 03/35 FIXED 3.75      | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    948244 | PA      | $945492.05    | 0.61%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HASTINGS CAMPUS HOUSING FINANCE AUTHORITY                                    | HASTINGS CAMPUS HSG FIN AUTH C HCHGEN 07/61 FIXED 5         | CUSIP: 418338AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $513447.00    | 0.33%             | 2061-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH SAN FRANCISCO UNIFIED SCHOOL DISTRICT                                  | SOUTH SAN FRANCISCO CA UNIF SC SSFSCD 09/48 FIXED 4         | CUSIP: 840058WA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1838553.40   | 1.18%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                        | FED HM LN PC POOL WE6121 FR 07/41 FIXED 3.85                | CUSIP: 3132YBYS9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2284409 | PA      | $2112292.06   | 1.35%             | 2041-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH SC CASFAC 05/54 FIXED 5.75      | CUSIP: 13051BAC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $198671.62    | 0.13%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HOUSING FINANCE AGENCY                                            | CALIFORNIA HSG FIN AGY LTD OBL CA HSG FIN AGY  I 2          | CUSIP: 13034DAE4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1091819.85   | 0.70%             | 2054-06-01      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                              | CALIFORNIA CMNTY CHOICE FING A CCEDEV 01/56 ADJUSTABLE VAR  | CUSIP: 13013JFX9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1941811.02   | 1.24%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINO VALLEY UNIFIED SCHOOL DISTRICT                                         | CHINO VLY CA UNIF SCH DIST CIVSCD 08/30 ZEROCPNOID 0        | CUSIP: 169583JE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $956885.70    | 0.61%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO GOVT                                                             | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1745326 | PA      | $1103918.68   | 0.71%             | 2051-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK                      | CALIFORNIA ST INFRASTRUCTURE CASDEV 01/60 ZEROCPNOID 0      | CUSIP: 13034AG95<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $391632.00    | 0.25%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHILDRENS TRUST FD TOBACCO SETTLMNT                                          | THE CHILDRENS TRUST FUND PR TO CHIGEN 05/57 ZEROCPNOID 0    | CUSIP: 16876QBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   5000000 | PA      | $131828.00    | 0.08%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                   | SACRAMENTO CITY CA UNIF SCH DI SACSCD 08/49 FIXED 4         | CUSIP: 785870B88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1197096.10   | 0.77%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH CO CASMED 11/52 FIXED OID 5.25  | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526961.90   | 0.98%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LONG BEACH BOND FINANCE AUTHORITY                                            | LONG BEACH CA FIN AUTH LNGDEV 08/53 FIXED OID 4             | CUSIP: 54241QDH8<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1097358.88   | 0.70%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH SOUTHN CAL T                                     | TOBACCO SECURITIZATION AUTH ST TOBGEN 06/46 ZEROCPNOID 0    | CUSIP: 888804AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $236904.82    | 0.15%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 08/50 FIXED 4         | CUSIP: 13032UVN5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889285.40    | 0.57%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO COUNTY COMMUNITY COLLEGE DISTRICT                                  | SAN MATEO CNTY CA CMNTY CLG DI SMTHGR 09/34 ZEROCPNOID 0    | CUSIP: 799038GJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $770453.36    | 0.49%             | 2034-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORWALK-LA MIRADA UNIFIED SCHOOL DISTRICT                                    | NORWALK LA MIRADA CA UNIF SCHD NWKSCD 08/48 FIXED 4         | CUSIP: 669096WR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1961057.56   | 1.26%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/49 FIXED 5         | CUSIP: 13080ST61<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1810088.46   | 1.16%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                   | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/34 FIXED 5         | CUSIP: 5444452P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1957076.10   | 1.25%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANGELINA & NECHES RIVER AUTHORITY                                            | ANGELINA NECHES RIVER AUTH I ANGDEV 12/45 FIXED 7.5         | CUSIP: 03469KAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $39010.76     | 0.02%             | 2045-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 11/51 FIXED OID 4     | CUSIP: 13032UMQ8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1931290.20   | 1.24%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA SPECIAL FINANCE AGENCY VII                                              | CMFA SPL FIN AGY VII CA ESSENT CMFHSG 08/56 FIXED 3         | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $988866.60    | 0.63%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/56 FIXED 5.25      | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3599452.50   | 2.31%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & COUNTY PUBLIC UTILITIES COMMISSION POWER REVENUE        | SAN FRANCISCO CITY   CNTY CA P SFOPWR 11/48 FIXED 5         | CUSIP: 79771KEB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537719.60   | 0.99%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 08/48 FIXED 4         | CUSIP: 13032UB23<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2079524.07   | 1.33%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHINO VALLEY UNIFIED SCHOOL DISTRICT                                         | CHINO VLY CA UNIF SCH DIST CIVSCD 08/46 ZEROCPNOID 0        | CUSIP: 169583JW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $535621.50    | 0.34%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MANTECA FINANCING AUTHORITY                                                  | MANTECA CA FING AUTH SWR REVEN MANUTL 12/36 FIXED OID 5.75  | CUSIP: 56452NBJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009300.80   | 0.65%             | 2036-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 08/51 FIXED 4         | CUSIP: 13080SMW1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $175767.68    | 0.11%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON TOWNSHIP HEALTHCARE DISTRICT                                      | WASHINGTON TWP CA HLTH CARE DI WASMED 08/53 FIXED 5.5       | CUSIP: 940642GF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1342305.42   | 0.86%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH 09/49 5                         | CUSIP: 13051AHG6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200065.92    | 0.13%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY                                  | CALIFORNIA ST EDUCTNL FACS AUT CASEDU 04/45 FIXED 5         | CUSIP: 130179XA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1082300.52   | 0.69%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY                                        | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 09/62 INT APROID VAR  | CUSIP: 126292CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1098411.30   | 0.70%             | 2062-09-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ELK GROVE FINANCE AUTHORITY                                                  | ELK GROVE CA FIN AUTH SPL TAX ELKGEN 09/46 FIXED 5          | CUSIP: 287254ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001934.50   | 0.64%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01                          | AFFORDABLE HSG OPPORTUNITIES T TENGEN 10/38 ADJUST OID VAR  | CUSIP: 00826SAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $1939911.37   | 1.24%             | 2038-10-01      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                        | FED HM LN PC POOL WE6105 FR 12/40 FIXED 3.6                 | CUSIP: 3132YBYA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1971056 | PA      | $1795203.84   | 1.15%             | 2040-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN FRANCISCO CA PUBLIC UTILITIES COMMISSION WATER REVENUE           | SAN FRANCISCO CA CITY   CNTY P SFOWTR 11/52 FIXED 5.25      | CUSIP: 79771FCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1302689.00   | 0.83%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUTTE-GLENN COMMUNITY COLLEGE DISTRICT                                       | BUTTE GLENN CA CMNTY CLG DIST BUTHGR 08/47 FIXED 4          | CUSIP: 124110GJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1224063.37   | 0.78%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA MUN FIN AUTH STUDEN CASHSG 01/45 FIXED OID 5.25  | CUSIP: 13051EAH3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $757113.44    | 0.49%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY                                    | ALAMEDA CA CORRIDOR TRANSPRTN ALATRN 10/49 INT APROID VAR   | CUSIP: 010869JP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $1411722.45   | 0.90%             | 2049-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY                                    | SAN JOAQUIN VLY CLEAN ENERGY A SSJUTL 01/56 ADJUSTABLE VAR  | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4609674.30   | 2.95%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 12/57 FIXED 4         | CUSIP: 13080STP9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1661071.60   | 1.06%             | 2057-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE                                                             | CALIFORNIA ST CAS 11/40 FIXED 4                             | CUSIP: 13063DXE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $838961.90    | 0.54%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOB SECURITIZATION AUTH NORTHNCALIF                                          | TOBACCO SECURITIZATION AUTH NT TOBGEN 06/60 ZEROCPNOID 0    | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $3068840.00   | 1.97%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 09/50 FIXED OID 4.625 | CUSIP: 13080SY99<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1055123.63   | 0.68%             | 2050-09-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN HOUSE COMMUNITY FACILITIES DISTRICT                                 | MOUNTAIN HOUSE CMNTY FACS DIST MTHDEV 09/50 FIXED 5         | CUSIP: 62412KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $997173.39    | 0.64%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                              | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/42 FIXED OID 6     | CUSIP: 13016NBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5985000 | PA      | $6033477.30   | 3.87%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MAMMOTH LAKES TOWN OF                                                        | MAMMOTH LAKES CA COPS 06/49 4                               | CUSIP: 561550DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1542136.30   | 0.99%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                       | PUERTO RICO SALES TAX FING COR PRCGEN 07/58 FIXED 4.784     | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4280000 | PA      | $3906390.24   | 2.50%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                             | CALIFORNIA ST HLTH FACS FING A CASMED 11/46 FIXED 5         | CUSIP: 13032UXH6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2960000 | PA      | $2959309.14   | 1.90%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                                        | FED HM LN PC POOL WE6104 FR 01/41 FIXED 3.72                | CUSIP: 3132YBX92<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1676735 | PA      | $1544921.92   | 0.99%             | 2041-01-01      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| DENTON ESSENTIAL INVESTMENTS PFC                                             | BBRA 7.215 06/02/59                                         | CUSIP: 955KSCII7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.83%             | 2059-06-02      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA ST STWD CMNTYS DEV CASMFH 10/42 FIXED 4          | CUSIP: 13079PZR7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $995275.71    | 0.64%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH MU CASMFH 02/41 ADJUSTABLE VAR  | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    699428 | PA      | $623818.28    | 0.40%             | 2041-02-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS PUBLIC FINANCING AUTHORITY                                     | RIVER ISLANDS CA PUBLIC FING A RVIGEN 09/47 FIXED OID 4.25  | CUSIP: 76827QGQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $845560.26    | 0.54%             | 2047-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MOUNT SAN ANTONIO COMMUNITY COLLEGE DISTRICT                                 | MOUNT SAN ANTONIO CA CMNTY CLG MSAHGR 08/49 FIXED 4         | CUSIP: 623040KE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1627317.36   | 1.04%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOQUEL UNION ELEMENTARY SCHOOL DISTRICT                                      | SOQUEL CA UNION ELEM SCH DIST SQESCD 08/46 FIXED 4          | CUSIP: 835801DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914058.30    | 0.59%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DISTRICT                                                    | WISCONSIN CENTER DIST WI TAX R WISGEN 12/55 ZEROCPNOID 0    | CUSIP: 976595FW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $873977.32    | 0.56%             | 2055-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES COUNTY PUBLIC WORKS FINANCING AUTHORITY                          | LOS ANGELES CNTY CA PUBLIC WKS LOSFAC 12/53 FIXED OID 4     | CUSIP: 54473EYN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $706128.65    | 0.45%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 11/35 FIXED 5         | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1429366.82   | 0.92%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA COMMUNITY COLLEGE DISTRICT                                      | SANTA MONICA CA CMNTY CLG DIST SMCHGR 08/45 FIXED 4         | CUSIP: 802385SH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $978761.47    | 0.63%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                              | CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/57 ZEROCPNOID 0    | CUSIP: 13016NDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $632487.60    | 0.41%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO MONTCLAIR CALIF SCH DIST                                             | ONTARIO CA MONTCLAIR SCH DIST ONTSCD 08/46 FIXED 5          | CUSIP: 683119FP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1545952.43   | 0.99%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                       | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 01/39 FIXED 6         | CUSIP: 13048VQ27<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026083.00   | 1.30%             | 2039-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITY OF SAN FRANCISCO CA PUBLIC UTILITIES COMMISSION WATER REVENUE           | SAN FRANCISCO CITY   CNTY CA P SFOWTR 11/50 FIXED 5         | CUSIP: 79765R5J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520305.05   | 0.97%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE COUNTY TRANSPORTATION COMMISSION                                   | RIVERSIDE CNTY CA TRANSPRTN CO RIVTRN 06/42 ZEROCPNOID 0    | CUSIP: 76912DAS7<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $431372.30    | 0.28%             | 2042-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                   | LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/46 FIXED 5         | CUSIP: 544445SX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1926673.60   | 1.23%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                       | CALIFORNIA STWD CMNTYS DEV AUT CASGEN 08/57 FIXED OID 5.375 | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    950000 | PA      | $963105.82    | 0.62%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                              | CALIFORNIA CMNTY CHOICE FING A CCEDEV 11/54 ADJUSTABLE VAR  | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1855378.18   | 1.19%             | 2054-11-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CHINO VALLEY UNIFIED SCHOOL DISTRICT                                         | CHINO VY UNI SCH DIST CALIF 08/39 0                         | CUSIP: 169583JP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $865157.76    | 0.55%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

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

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer