# EDGAR Filing Document

**Accession Number:** 0000881309
**File Stem:** 0001752724-23-008674
**Filing Date:** 2023-1
**Character Count:** 363226
**Document Hash:** c524eee42b0e48f21036403a6af0cfb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-008674.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-008674

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN MUNICIPAL SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000881309
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06481
- **FILM NUMBER:** 23543658

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN CALIFORNIA HIGH YIELD MUNICIPAL FUND (Series ID: S000006860)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018537 | CLASS A1      | FCAMX           |
| C000018539 | CLASS C       | FCAHX           |
| C000040036 | ADVISOR CLASS | FVCAX           |
| C000194351 | CLASS R6      | FCAQX           |
| C000205976 | Class A       | FCQAX           |

## Nport-Ex

## Schedule of Investments
(unaudited)

| Franklin California High Yield Municipal Fund | 2 |
| --- | --- |
| Notes to Schedule of Investments | 10 |

FINANCIAL MUNICIPAL SECURITIES TRUST

Schedule of Investments (unaudited), November 30, 2022

| Not FDIC/Insured | May Lose Value | No Bank Guarantee |
| --- | --- | --- |

MUN/DEVI

1

# Franklin California High Yield Municipal Fund

|  | Principal Amount | Value |
| --- | --- | --- |
| Corporate Bonds 2.5% |  |  |
| Commercial Services & Supplies 0.8% |  |  |
| *CalPlant LLC: |  |  |
| * 21A, Senior Secured Note 144A, 0.5%, 10/1/2022 | $1,570,000 | $1,570,000 |
| * 21B, Senior Secured Note 144A, 0.5%, 10/1/2022 | 5,230,000 | 5,230,000 |
| * 22A, Senior Secured Note 144A, 0.5%, 10/1/2022 | 2,675,000 | 2,675,000 |

2 | Quarterly Schedule of Investments | See Notes to Schedule of Investments

FRANKLIN MUNICIPAL SECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin California High Yield Municipal Fund (continued)

| 200, Senior Secured Note, 114A, 0.0%, 1/29/22 | 1,185,000.00 | 1,185,000.00 |
| --- | --- | --- |
| 200, Senior Secured Note, 114A, 0.0%, 1/29/22 | 2,000,000 | 2,000,000 |
| 400, Senior Secured Note, 114A, 0.0%, 1/31/23 |  |  |
| Municipal Benefit (continued) |  | 14,400,000 |
| California (continued) |  |  |
| Disability of the Public Company Authority, (continued) |  |  |
| Grand Total of the Public Company Group, Revenue, 2017 A, Refunding, 4% | 40,200,000 | 40,170,421 |
| Disability of the Public Company Group, Revenue, 2017, 4%, 2018/19 | 4,500,000 | 4,500,000 |
| Disability of the Public Company Group, Revenue, 2017, 4%, 2018/19 | 4,500,000 | 4,500,000 |

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 3

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUTHORISED)

# Franklin California High Yield Municipal Fund (continued)

| Description | Proposed | Unaudited |
| --- | --- | --- |
| Total Capital (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) | 7,380,000 | 7,380,000 |
| Total Capital (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) | 3,495,000 | 3,524,018 |
| Total Capital (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) | 10,980,000 | 11,081,454 |
| Total Capital (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) | 10,980,000 | 11,081,454 |
| Total Capital (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) (Total) | 10,980,000 | 11,081,454 |

4 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN MUNICIPAL SECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin California High Yield Municipal Fund (continued)

| 1. 2017年1月1日 | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. 2017年1月2日 | 1,000,000.00 | 1,000,000.00 |
| 3. 2017年1月3日 | 1,000,000.00 | 1,000,000.00 |
| 4. 2017年1月4日 | 1,000,000.00 | 1,000,000.00 |
| 5. 2017年1月5日 | 1,000,000.00 | 1,000,000.00 |
| 6. 2017年1月6日 | 1,000,000.00 | 1,000,000.00 |
| 7. 2017年1月7日 | 1,000,000.00 | 1,000,000.00 |
| 8. 2017年1月8日 | 1,000,000.00 | 1,000,000.00 |
| 9. 2017年1月9日 | 1,000,000.00 | 1,000,000.00 |
| 10. 2017年1月10日 | 1,000,000.00 | 1,000,000.00 |
| 11. 2017年1月11日 | 1,000,000.00 | 1,000,000.00 |
| 12. 2017年1月12日 | 1,000,000.00 | 1,000,000.00 |
| 13. 2017年1月13日 | 1,000,000.00 | 1,000,000.00 |
| 14. 2017年1月14日 | 1,000,000.00 | 1,000,000.00 |
| 15. 2017年1月15日 | 1,000,000.00 | 1,000,000.00 |
| 16. 2017年1月16日 | 1,000,000.00 | 1,000,000.00 |
| 17. 2017年1月17日 | 1,000,000.00 | 1,000,000.00 |
| 18. 2017年1月18日 | 1,000,000.00 | 1,000,000.00 |
| 19. 2017年1月19日 | 1,000,000.00 | 1,000,000.00 |
| 20. 2017年1月20日 | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 5

FRANKLIN MUNICIPAL RECURITIES TRUST

SCHEDULE OF INVESTMENTS (UNAUTHORISED)

# Franklin California High Yield Municipal Fund (continued)

| 1. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| --- | --- | --- |
| 2. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 3. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 4. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 5. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 6. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 7. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 8. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 9. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 10. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 11. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 12. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 13. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 14. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 15. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 16. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 17. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 18. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 19. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |
| 20. Non-Governmental Assets | 1,000,000,000 | 1,000,000,000 |

9 | Quarterly Schedule of Investment | See Notes to Schedule of Investments.

FRANKLIN MUNICIPAL SECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin California High Yield Municipal Fund (continued)

| Particulars | 2018 | 2017 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $5,000,000 | $5,000,000 |
| Cash and cash equivalents at end of year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | 1,000,000 | 1,000,000 |

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 7

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUTHORISED)

# Franklin California High Yield Municipal Fund (continued)

| Fund | Value |
| --- | --- |
| 1. Franklin California High Yield Municipal Fund | $1,000,000 |
| 2. Franklin California High Yield Municipal Fund | $1,000,000 |
| 3. Franklin California High Yield Municipal Fund | $1,000,000 |
| 4. Franklin California High Yield Municipal Fund | $1,000,000 |
| 5. Franklin California High Yield Municipal Fund | $1,000,000 |
| 6. Franklin California High Yield Municipal Fund | $1,000,000 |
| 7. Franklin California High Yield Municipal Fund | $1,000,000 |
| 8. Franklin California High Yield Municipal Fund | $1,000,000 |

9 | Quarterly Schedule of Investment | See Notes to Schedule of Investment.

FRANKLIN MUNICIPAL SECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin California High Yield Municipal Fund (continued)

| Fund | Value | Percentage |
| --- | --- | --- |
| 1. California High Yield Municipal Fund | $1,000,000 | 100% |
| 2. California High Yield Municipal Fund | $1,000,000 | 100% |
| 3. California High Yield Municipal Fund | $1,000,000 | 100% |
| 4. California High Yield Municipal Fund | $1,000,000 | 100% |
| 5. California High Yield Municipal Fund | $1,000,000 | 100% |
| 6. California High Yield Municipal Fund | $1,000,000 | 100% |
| 7. California High Yield Municipal Fund | $1,000,000 | 100% |
| 8. California High Yield Municipal Fund | $1,000,000 | 100% |
| 9. California High Yield Municipal Fund | $1,000,000 | 100% |
| 10. California High Yield Municipal Fund | $1,000,000 | 100% |

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 5

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUTHORISED)

# Franklin California High Yield Municipal Fund (continued)

![img-0.jpeg](img-0.jpeg)

26 | Quarterly Schedule of Investment | See Notes to Schedule of Investments

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin California High Yield Municipal Fund (continued)

| 1. $1,000,000 | 1,000,000 |
| --- | --- |
| 2. $1,000,000 | 1,000,000 |
| 3. $1,000,000 | 1,000,000 |
| 4. $1,000,000 | 1,000,000 |
| 5. $1,000,000 | 1,000,000 |
| 6. $1,000,000 | 1,000,000 |
| 7. $1,000,000 | 1,000,000 |
| 8. $1,000,000 | 1,000,000 |
| 9. $1,000,000 | 1,000,000 |
| 10. $1,000,000 | 1,000,000 |
| 11. $1,000,000 | 1,000,000 |
| 12. $1,000,000 | 1,000,000 |
| 13. $1,000,000 | 1,000,000 |
| 14. $1,000,000 | 1,000,000 |
| 15. $1,000,000 | 1,000,000 |
| 16. $1,000,000 | 1,000,000 |
| 17. $1,000,000 | 1,000,000 |
| 18. $1,000,000 | 1,000,000 |
| 19. $1,000,000 | 1,000,000 |

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 11

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUTHOR)

# Franklin California High Yield Municipal Fund (continued)

| Fund | 1,140,000 |
| --- | --- |
| Franklin, California, 1,000,000 | 1,140,000 |
| Franklin, California, 1,000,000 | 1,140,000 |
| Franklin, California, 1,000,000 | 1,140,000 |
| Franklin, California, 1,000,000 | 1,140,000 |
| Franklin, California, 1,000,000 | 1,140,000 |

37 | Quarterly Schedule of Investment | See Notes to Schedule of Investments.

FRANKLIN MUNICIPAL SECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin California High Yield Municipal Fund (continued)

| Fund | Value |
| --- | --- |
| Franklin, California | $1,000,000 |
| San Francisco, California | 1,000,000 |
| San Francisco, California | 1,000,000 |
| San Francisco, California | 1,000,000 |
| San Francisco, California | 1,000,000 |
| San Francisco, California | 1,000,000 |

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 22

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUTHORIZED)

# Franklin California High Yield Municipal Fund (continued)

| Fund | Value |
| --- | --- |
| 1. Franklin, California, and the United States | $1,000,000 |
| 2. Franklin, California, and the United States | $1,000,000 |
| 3. Franklin, California, and the United States | $1,000,000 |
| 4. Franklin, California, and the United States | $1,000,000 |
| 5. Franklin, California, and the United States | $1,000,000 |
| 6. Franklin, California, and the United States | $1,000,000 |
| 7. Franklin, California, and the United States | $1,000,000 |
| 8. Franklin, California, and the United States | $1,000,000 |
| 9. Franklin, California, and the United States | $1,000,000 |
| 10. Franklin, California, and the United States | $1,000,000 |

26 | Quarterly Schedule of Investment | See Notes to Schedule of Investments.

FRANKLIN MUNICIPAL SECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin California High Yield Municipal Fund (continued)

| Cash and cash equivalents | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Cash and cash equivalents at the end of the year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at the end of the year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at the end of the year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at the end of the year | 1,000,000 | 1,000,000 |

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 20

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUTHORISED)

# Franklin California High Yield Municipal Fund (continued)

| Description of Investment (Unaudited) | Proposed 2007 | 2006 |
| --- | --- | --- |
| Financial Statements and Statements of Financial Statements | 3,000,000 | 3,000,000 |
| Financial Statements and Statements of Financial Statements | 3,000,000 | 3,000,000 |
| Financial Statements and Statements of Financial Statements | 3,000,000 | 3,000,000 |
| Financial Statements and Statements of Financial Statements | 4,000,000 | 4,000,000 |
| Financial Statements and Statements of Financial Statements | 4,000,000 | 4,000,000 |
| Financial Statements and Statements of Financial Statements | 12,000,000 | 9,000,000 |
| Financial Statements and Statements of Financial Statements | 11,000,000 | 11,000,000 |
| Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |

30 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin California High Yield Municipal Fund (continued)

| 1. California High Yield Municipal Fund | 1,157,000.00 | 7,400.00 |
| --- | --- | --- |
| 2. California High Yield Municipal Fund | 1,157,000.00 | 4,100.00 |
| 3. California High Yield Municipal Fund | 1,157,000.00 | 3,000.00 |
| 4. California High Yield Municipal Fund | 1,157,000.00 | 1,000.00 |
| 5. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 6. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 7. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 8. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 9. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 10. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 11. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 12. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 13. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 14. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 15. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 16. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 17. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 18. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 19. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |
| 20. California High Yield Municipal Fund | 1,157,000.00 | 0.00 |

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 27

FRANKLIN MUNICIPAL RECURITIES TRUST
SCHEDULE OF INVESTMENTS (UNAUTHORISED)

# Franklin California High Yield Municipal Fund (continued)

| Description | Proportion |
| --- | --- |
| Preliminary and Non-recurring Investments (in millions) | 1.0% |
| Preliminary Investments (in millions) | 1.0% |
| Preliminary Investments (in millions) | 1.0% |
| Preliminary Investments (in millions) | 1.0% |
| Preliminary Investments (in millions) | 1.0% |
| Preliminary Investments (in millions) | 1.0% |

30 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

FRANKLIN MUNICIPAL SECURITIES TRUST

# Notes to Schedule of Investments (unaudited)

| 1. General Interest | 4,155,000 | 4,155,000 |
| --- | --- | --- |
| 2. Interest in the Company's Stock Exchange (Securities) (Securities) | 4,155,000 | 4,155,000 |
| 3. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 4. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 5. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 6. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 7. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 8. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 9. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 10. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 11. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 12. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 13. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 14. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 15. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 16. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 17. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 18. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 19. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |
| 20. Interest in the Company's Stock Exchange (Securities) | 4,155,000 | 4,155,000 |

Quarterly Schedule of Investments 25

FRANKLIN MUNICIPAL RECURITIES TRUST

NOTES TO SCHEDULE OF INVESTMENTS (UNHUSTED)

# 3. Restricted Securities

The following table provides the information in a specific format:

26 Quarterly Schedule of Investments

FRANKLIN MUNICIPAL RECURITIES TRUST
NOTES TO SCHEDULE OF INVESTMENTS (UNAUDITED)

A) **Introduction**
The Fund's report is a report of the Fund's report on the Fund's investment and the Fund's investment plan. The Fund's report is a report of the Fund's investment and the Fund's investment plan. The Fund's report is a report of the Fund's investment and the Fund's investment plan.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Schedule of Investments 21

# **Major Islands 0.0%**

The major islands are the largest islands in the United States, and the most common islands are the largest islands in the United States. The major islands are the largest islands in the United States, and the most common islands are the largest islands in the United States. The major islands are the largest islands in the United States, and the most common islands are the largest islands in the United States. The major islands are the largest islands in the United States, and the most common islands are the largest islands in the United States. The major islands are the largest islands in the United States, and the most common islands are the largest islands in the United States.

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000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00 000,000.00
000,000.00 000,000.00 000,000.00 000,000.00

3. Securities Securities - 1, Zero Can. 706.51 67,945,000 13,784,000

At November 30, 2022, investments in restricted securities, excluding securities exempt from registration under the Securities

Foreign Currency High Yield (Foreign Base)

| Asset | Investment in Securities | Acquisition | Cost | Value |
| --- | --- | --- | --- | --- |
| Corporate | Foreign | Debt |  |  |
| Corporate | Foreign | $ | $14,430,000 | $14,430,000 |
| Financial Statements | Foreign | 42,170,301 |  | 42,170,301 |

Source: Admin. \$CallTare LLC, 25A, Senior Secured Note, 2844, \$80,000,000 \$0.000,000  
\$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$0.000,000 \$0.000,000 \$0.000,000 \$0.000,000 \$0.000,000 \$0.000,000 \$0.000,000 \$0.000,000 \$0.000,000 \$0.000,000 \$0.000,000 \$1.000,000 \$1.000,000 \$1.000,000 \$1.000,000 \$1.000,000 \$1.000,000 \$1.000,000 \$1.000,000 \$1.000,000 \$1.000

A reconciliation in which \$CallTare LLC, 25A, Senior Secured Note, 2844, \$80,000,000 \$0.000,000  
\$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000 \$000000000

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Municipal Securities Trust

- **b. Investment Company Act file number:** 811-06481

- **c. CIK number of Registrant:** 0000881309

- **d. LEI of Registrant:** 549300IQ3KCBG0A00O42

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin California High Yield Municipal Fund

- **b. EDGAR series identifier (if any):** S000006860

- **c. LEI of Series:** 549300WH5SJKCPH6N973

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

- **a. Date of fiscal year-end:** 2023-02-28

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2660608448.18

**Total Liabilities:** $13757158.32

**Net Assets:** $2646851289.86

**Delayed Delivery Securities:** $3995649.00

**Cash Not Reported:** $68305497.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -79.71000000 | **1-Year:** -4027.03000000 | **5-Year:** -24552.56000000 | **10-Year:** -388722.72000000 | **30-Year:** -502693.45000000

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

- **3-Month:** -144.90000000 | **1-Year:** -1039.33000000 | **5-Year:** -31551.33000000 | **10-Year:** -236484.18000000 | **30-Year:** -721332.78000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194351 | -5.08%               | -1.59%               | 5.50%                |
| Class ID C000040036 | -5.09%               | -1.60%               | 5.51%                |
| Class ID C000018539 | -5.13%               | -1.64%               | 5.42%                |
| Class ID C000205976 | -5.02%               | -1.72%               | 5.60%                |
| Class ID C000018537 | -5.02%               | -1.61%               | 5.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3359177.25             | $-144327137.79                             |
| Month 2  | $-8323951.59             | $-41695371.68                              |
| Month 3  | $-1026353.06             | $129169400.70                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lake Tahoe Unified School District                                                                                  | Lake Tahoe Unified School District, Series 2012                                                                          | CUSIP: 511012LZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1075149.16   | 0.04%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13048VPY8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1665557.44   | 0.06%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hanford Joint Union High School District                                                                            | Hanford Joint Union High School District, Series B                                                                       | CUSIP: 410360GT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $2584229.46   | 0.10%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                                                  | Matching Fund Special Purpose Securitization Corp., Series 2022 A                                                        | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   5500000 | PA      | $5546318.80   | 0.21%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019 A                                                    | CUSIP: 13078YNV3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1670392.96   | 0.06%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oroville CA                                                                                                 | City of Oroville, Series 2019                                                                                            | CUSIP: 687241AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6281071.55   | 0.24%             | 2054-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048VCA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6085000 | PA      | $5284571.19   | 0.20%             | 2047-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Public Financing Authority                                                                                   | Jurupa Public Financing Authority, Series 2015 B                                                                         | CUSIP: 482085DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4065316.00   | 0.15%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fullerton CA                                                                                                | City of Fullerton, Series 2014                                                                                           | CUSIP: 35982AAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1083504.76   | 0.04%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Public Financing Authority                                                                                   | Jurupa Public Financing Authority, Series 2014 A                                                                         | CUSIP: 482085BQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2284285.65   | 0.09%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                                                    | Folsom Ranch Financing Authority, Series 2020                                                                            | CUSIP: 344414DG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1149254.64   | 0.04%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TGL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5610000 | PA      | $5674385.97   | 0.21%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VVJ4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8425000 | PA      | $6759834.14   | 0.26%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority                                                                                   | CUSIP: 13051AFS2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4100890.28   | 0.15%             | 2052-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2015                                                      | CUSIP: 13078YJQ9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3856568.87   | 0.15%             | 2045-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021 A                                                    | CUSIP: 13078YRZ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3280000 | PA      | $2708657.78   | 0.10%             | 2051-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                          | Riverside County Transportation Commission, Series 2013 B                                                                | CUSIP: 76912DAT5<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $2784504.00   | 0.11%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13059AAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1392628.70   | 0.05%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13048TWM1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10113160.00  | 0.38%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Stockton Community Facilities District                                                                              | Stockton Community Facilities District, Series 2020                                                                      | CUSIP: 861341QW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1432028.73   | 0.05%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13081CAC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4325000 | PA      | $3969987.13   | 0.15%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                     | Foothill-Eastern Transportation Corridor Agency, Series 2021 A                                                           | CUSIP: 345105JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  41479000 | PA      | $38191013.59  | 1.44%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rowland Unified School District                                                                                     | Rowland Unified School District, Series 2009 B                                                                           | CUSIP: 779631ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $4559893.08   | 0.17%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Riverbank Unified School District                                                                                   | Riverbank Unified School District, Series 2008 B                                                                         | CUSIP: 768569CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $3414996.38   | 0.13%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                                                            | Romoland School District, Series 2015                                                                                    | CUSIP: 776192NS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055203.60   | 0.12%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2019                                                                      | CUSIP: 13049YEB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9575000 | PA      | $9301181.81   | 0.35%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016                                                      | CUSIP: 13078RGJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516056.60   | 0.06%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 130591BC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1145628.58   | 0.04%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                                                         | Orange County Community Facilities District, Series 2015 A                                                               | CUSIP: 68423PVZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1535460.53   | 0.06%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                                                               | City of Sacramento, Series 2017                                                                                          | CUSIP: 786071LZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314623.08    | 0.01%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018                                                      | CUSIP: 13080STJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5770873.80   | 0.22%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUY2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352982.46    | 0.01%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series E-2                                                                         | CUSIP: 74526QD74<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1768493 | PA      | $1379424.54   | 0.05%             | 2021-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13049AAF0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3065221.20   | 0.12%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Public Financing Authority                                                                                | Riverside Public Financing Authority, Series 2013                                                                        | CUSIP: 76904CAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4280000 | PA      | $4325870.90   | 0.16%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2020                                                                                           | CUSIP: 777870N93<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    450000 | PA      | $397076.45    | 0.02%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                                   | California Housing Finance Agency, Series 2021 Q-S                                                                       | CUSIP: 13034PD79<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3518580.80   | 0.13%             | 2052-11-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 21B                                                                                               | CUSIP: 13136CAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5220000 | PA      | $5220000.00   | 0.20%             | 2022-10-12      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2022 B                                                    | CUSIP: 13078YUC7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025302.90   | 0.11%             | 2042-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2019                                                                         | CUSIP: 13059TGK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5781487.00   | 0.22%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1883020.13   | 0.07%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 B                                                                    | CUSIP: 13051ABZ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    830000 | PA      | $734534.65    | 0.03%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical and Environmental Control Facilities Financing Authority Revenue | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2000 A | CUSIP: 74527JAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4500000 | PA      | $4661521.20   | 0.18%             | 2026-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $731441.18    | 0.03%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                      | Palomar Health, Series 2016                                                                                              | CUSIP: 697528AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12190000 | PA      | $12278799.27  | 0.46%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Joint Powers Authority                                                                                       | Perris Joint Powers Authority, Series 2014 A                                                                             | CUSIP: 714376BN9<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1961644.39   | 0.07%             | 2033-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Lee Lake Public Financing Authority                                                                                 | Lee Lake Public Financing Authority, Series 2013 B                                                                       | CUSIP: 523831BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $813023.11    | 0.03%             | 2035-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Richland School District                                                                                            | Richland School District, Series 2009 C                                                                                  | CUSIP: 763507FB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22000000 | PA      | $5644082.40   | 0.21%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                                   | California Housing Finance Agency, Series 2021-1, Class A                                                                | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4878332 | PA      | $4402452.96   | 0.17%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                                                                 | Tracy Community Facilities District, Series 2018                                                                         | CUSIP: 892376QZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3077630.70   | 0.12%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  22250000 | PA      | $22379993.40  | 0.85%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2020                                                                                           | CUSIP: 777870K62<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    490000 | PA      | $441115.15    | 0.02%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017                                                                         | CUSIP: 13058TFR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504290.30   | 0.06%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                                                  | City of Fontana, Series 2018                                                                                             | CUSIP: 344630TS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909932.10    | 0.03%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13048VPX0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4290000 | PA      | $3868575.28   | 0.15%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2017                                                                                           | CUSIP: 777870YB6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1331697.88   | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oroville CA                                                                                                 | City of Oroville, Series 2019                                                                                            | CUSIP: 687241AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978921.40    | 0.04%             | 2049-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sulphur Springs Union School District                                                                               | Sulphur Springs Union School District, Series 2018                                                                       | CUSIP: 865483FU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2881543.40   | 0.11%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021 B                                                    | CUSIP: 13078YSM8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $4375992.60   | 0.17%             | 2051-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2015 A                                                                       | CUSIP: 13059TCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3507575.75   | 0.13%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019 B                                                    | CUSIP: 13078YPW9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1106635.34   | 0.04%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13078YLA1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1311528.65   | 0.05%             | 2027-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Infrastructure & Revitalization Fing Dist No. 1                                   | City & County of San Francisco, Series 2022 A                                                                            | CUSIP: 79773NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1940948.80   | 0.07%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Public Financing Authority                                                                                   | Jurupa Public Financing Authority, Series 2015 A                                                                         | CUSIP: 482085CP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4187412.80   | 0.16%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                                                           | City of Vernon                                                                                                           | CUSIP: 924397DY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1595652.18   | 0.06%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                                                                | Guam Power Authority, Series 2017 A                                                                                      | CUSIP: 400653JK8<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | GU        |   4750000 | PA      | $4872459.28   | 0.18%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13059AAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $955180.94    | 0.04%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2022                                                                      | CUSIP: 13051AFE3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4520133.29   | 0.17%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2022 A                                                                         | CUSIP: 340618DF1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7205142.80   | 0.27%             | 2057-07-01      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Infrastructure & Revitalization Fing Dist No. 1                                   | City & County of San Francisco, Series 2022 A                                                                            | CUSIP: 79773NAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $391429.92    | 0.01%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                                                    | California Community College Financing Authority, Series 2022 B                                                          | CUSIP: 13012TAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2270040.30   | 0.09%             | 2030-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 21A                                                                                               | CUSIP: 13136CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1370000.00   | 0.05%             | 2022-10-12      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| San Bernardino Community College District                                                                           | San Bernardino Community College District, Series 2009 B                                                                 | CUSIP: 796720GG9<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |  12495000 | PA      | $4647334.07   | 0.18%             | 2044-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 C                                                    | CUSIP: 13078YNJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6605000 | PA      | $6734685.21   | 0.25%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                                                   | San Francisco City & County Redevelopment Agency Successor Agency, Series 2016 D                                         | CUSIP: 79770GFA9<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975594.70    | 0.04%             | 2023-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2014 A                                                    | CUSIP: 13080SBY9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $4098178.01   | 0.15%             | 2043-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                | Independent Cities Finance Authority, Series 2014 A                                                                      | CUSIP: 45385LEG4<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4862069.76   | 0.18%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                                                                 | Tracy Community Facilities District, Series 2019                                                                         | CUSIP: 892376RF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2150382.99   | 0.08%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chula Vista Community Facilities District                                                                           | City of Chula Vista, Series 2018                                                                                         | CUSIP: 171312KJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $924666.12    | 0.03%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1057352.34   | 0.04%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District                                                                              | Truckee-Donner Public Utility District, Series 2004                                                                      | CUSIP: 897817BM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2945000 | PA      | $2693201.62   | 0.10%             | 2029-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019 A                                                    | CUSIP: 13078YNX9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    945000 | PA      | $965773.94    | 0.04%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2675904.83   | 0.10%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2018                                                                         | CUSIP: 13058TGQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $911488.80    | 0.03%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                | Independent Cities Finance Authority, Series 2014 A                                                                      | CUSIP: 45385LEF6<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2043622.27   | 0.08%             | 2044-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                                | Guam Government Waterworks Authority, Series 2014 A                                                                      | CUSIP: 40065FBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1008927.00   | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                                | Guam Government Waterworks Authority, Series 2017                                                                        | CUSIP: 40065FDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   9885000 | PA      | $10042088.47  | 0.38%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 130591BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1892839.00   | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUU0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103018.56    | 0.00%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of La Verne CA                                                                                                 | City of La Verne, Series 2014                                                                                            | CUSIP: 505205BP8<br>LEI: 54930008TF3OJRBUIJ91 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1777654.70   | 0.07%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside Union School District Community Facilities District                                                        | Westside Union School District, Series 2021                                                                              | CUSIP: 961491DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $315374.36    | 0.01%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                    | California Health Facilities Financing Authority, Series 2017                                                            | CUSIP: 13032UMK1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6239299.30   | 0.24%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBT4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2261722.65   | 0.09%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                                                               | City of Sacramento, Series 2021                                                                                          | CUSIP: 786071RA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $882230.80    | 0.03%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                                                    | California Community College Financing Authority, Series 2018                                                            | CUSIP: 13012RAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6785000 | PA      | $6594002.93   | 0.25%             | 2053-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2022 B                                                                    | CUSIP: 13051AFJ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1258780.60   | 0.05%             | 2052-09-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    796704 | PA      | $816669.32    | 0.03%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                                                                 | City of Chino, Series 2017                                                                                               | CUSIP: 169511SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1570717.30   | 0.06%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2020                                                      | CUSIP: 13077EHR4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3315184.38   | 0.13%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                                                                   | San Diego Unified School District, Series 2009-1                                                                         | CUSIP: 797355L44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10537057.00  | 0.40%             | 2033-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TNN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $398224.85    | 0.02%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                                                          | Lammersville Joint Unified School District, Series 2019                                                                  | CUSIP: 513533EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $791902.98    | 0.03%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                                   | California Housing Finance Agency, Series 2021 N-S                                                                       | CUSIP: 13034PE45<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $2466618.06   | 0.09%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                                   | Territory of Guam                                                                                                        | CUSIP: 40065KAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   3000000 | PA      | $3074233.20   | 0.12%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292BR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6719098.00   | 0.25%             | 2057-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                               | California Infrastructure & Economic Development Bank, Series 2020 A-1                                                   | CUSIP: 13034AG79<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1814267.83   | 0.07%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                | Independent Cities Finance Authority, Series 2019                                                                        | CUSIP: 45385LMQ3<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3097375.20   | 0.12%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RNR School Financing Authority                                                                                      | RNR School Financing Authority, Series 2017 A                                                                            | CUSIP: 769697KN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3154159.50   | 0.12%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2022                                                                      | CUSIP: 13051AEX2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5151376.60   | 0.19%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995476.60   | 0.08%             | 2062-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Lathrop Financing Authority                                                                                         | Lathrop Financing Authority, Series 2013 A                                                                               | CUSIP: 518251BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3705439.72   | 0.14%             | 2035-09-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                                                   | San Francisco City & County Redevelopment Agency Successor Agency, Series 2014 A                                         | CUSIP: 79770GAW6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2579520.00   | 0.10%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saugus/Hart School Facilities Financing Authority                                                                   | Saugus/Hart School Facilities Financing Authority, Series 2016                                                           | CUSIP: 804208CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2521783.72   | 0.10%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2015                                                                         | CUSIP: 13058TCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100898.59   | 0.04%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                         | California Educational Facilities Authority, Series 2015                                                                 | CUSIP: 1301787Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5105441.00   | 0.19%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                                                     | Transbay Joint Powers Authority, Series 2020 B                                                                           | CUSIP: 89356CBM7<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    550000 | PA      | $572891.17    | 0.02%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hartnell Community College District                                                                                 | Hartnell Community College District, Series 2009 D                                                                       | CUSIP: 417123DR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $2966058.00   | 0.11%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TGK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1523782.26   | 0.06%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middle Fork Project Finance Authority                                                                               | Middle Fork Project Finance Authority, Series 2020                                                                       | CUSIP: 59572CAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1230030.34   | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                                                   | City of Irvine, Series 2018                                                                                              | CUSIP: 46360TFX6<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1325592.50   | 0.05%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2019                                                                                           | CUSIP: 777870ZV1<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3886961.86   | 0.15%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2013 A                                                                    | CUSIP: 13049SAM6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028742.10   | 0.04%             | 2033-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13077EGD6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041276.80   | 0.08%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                                                                  | City of Fontana, Series 2017                                                                                             | CUSIP: 344630SV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017755.90   | 0.04%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                                                    | California Community College Financing Authority, Series 2022 C                                                          | CUSIP: 13012TAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7050000 | PA      | $6596675.13   | 0.25%             | 2060-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                                                                  | Norman Y Mineta San Jose International Airport SJC, Series 2017 A                                                        | CUSIP: 798136VR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2573697.50   | 0.10%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBQ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1656674.25   | 0.06%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                                                                 | Tracy Community Facilities District, Series 2020                                                                         | CUSIP: 892376ST2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $871777.60    | 0.03%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Beaumont CA                                                                                                 | City of Beaumont, Series 2019                                                                                            | CUSIP: 074434AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306132.09    | 0.01%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2018 A                                                                       | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1751076.95   | 0.07%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                      | Palomar Health                                                                                                           | CUSIP: 69752RAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4580428.50   | 0.17%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dublin Community Facilities District No. 2015-1                                                                     | Dublin Community Facilities District No. 2015-1, Series 2017                                                             | CUSIP: 26362PAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4556850.30   | 0.17%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2015                                                                                           | CUSIP: 777870VZ6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030773.00   | 0.04%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    409759 | PA      | $411554.65    | 0.02%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oakdale Public Financing Authority                                                                                  | Oakdale Public Financing Authority, Series 2015                                                                          | CUSIP: 672018AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1302695.77   | 0.05%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2019                                                                      | CUSIP: 13049RBF2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2642854.38   | 0.10%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremont Community Facilities District No. 1                                                                         | Fremont Community Facilities District No. 1, Series 2015                                                                 | CUSIP: 357129CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3294747.13   | 0.12%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2015                                                                                           | CUSIP: 777870WA0<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1279436.50   | 0.05%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 G                                                                       | CUSIP: 13058TFY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $343559.95    | 0.01%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                                                    | Folsom Ranch Financing Authority, Series 2019                                                                            | CUSIP: 344414CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1853008.82   | 0.07%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                                                                 | Tracy Community Facilities District, Series 2020                                                                         | CUSIP: 892376SS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2052535.80   | 0.08%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mendocino-Lake Community College District                                                                           | Mendocino-Lake Community College District, Series 2011 B                                                                 | CUSIP: 58661PCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $6392234.59   | 0.24%             | 2036-08-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                                                    | California Community College Financing Authority, Series 2018                                                            | CUSIP: 13012RAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $220657.19    | 0.01%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Elsinore Valley Municipal Water District                                                                            | Elsinore Valley Municipal Water District, Series 2021 A                                                                  | CUSIP: 290322DZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2121858.75   | 0.08%             | 2051-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                                                           | City of Rancho Cordova, Series 2022                                                                                      | CUSIP: 75211RPR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1214367.72   | 0.05%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 A                                                                    | CUSIP: 13049YEP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    520000 | PA      | $519978.26    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                                                    | Folsom Ranch Financing Authority, Series 2018                                                                            | CUSIP: 344414BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1703643.34   | 0.06%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017 B                                                    | CUSIP: 13078YLS2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2564732.02   | 0.10%             | 2047-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017 C                                                    | CUSIP: 13078YLU7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4405000 | PA      | $4566050.76   | 0.17%             | 2037-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                    | California Health Facilities Financing Authority, Series 2017 A                                                          | CUSIP: 13032UNH7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $2968647.30   | 0.11%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Alamitos Unified School District                                                                                | Los Alamitos Unified School District, Series 2012                                                                        | CUSIP: 544204DW7<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4581960.75   | 0.17%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TJZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510858.80    | 0.02%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  13915000 | PA      | $14074426.94  | 0.53%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2021 B-1                                                                     | CUSIP: 13057GAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2193532.93   | 0.08%             | 2029-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                                                                  | Norman Y Mineta San Jose International Airport SJC, Series 2017 A                                                        | CUSIP: 798136VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4729904.50   | 0.18%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13078YLB9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2042885.08   | 0.08%             | 2037-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                                                         | City of Long Beach, Series 2015                                                                                          | CUSIP: 542426DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2530423.50   | 0.10%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2022 B                                                                     | CUSIP: 126292CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $13205160.00  | 0.50%             | 2059-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2018                                                            | CUSIP: 130536RG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5425000 | PA      | $3568945.84   | 0.13%             | 2040-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                    | California Health Facilities Financing Authority, Series 2017                                                            | CUSIP: 13032UMH8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5103324.00   | 0.19%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2012                                                            | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19965000 | PA      | $18945806.72  | 0.72%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                                                      | Puerto Rico Highway & Transportation Authority, Series L                                                                 | CUSIP: 745190UQ9<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |   5030000 | PA      | $4854236.21   | 0.18%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Fillmore CA                                                                                                 | City of Fillmore, Series 2015                                                                                            | CUSIP: 317078EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524493.50   | 0.06%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 G                                                                       | CUSIP: 13058TFX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $316888.24    | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048TF99<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2532666.25   | 0.10%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Paula CA                                                                                              | City of Santa Paula, Series 2020                                                                                         | CUSIP: 802545AM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034962.50   | 0.04%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                     | Foothill-Eastern Transportation Corridor Agency, Series 2013 B-1                                                         | CUSIP: 345105GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $22083992.50  | 0.83%             | 2053-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2020                                                                         | CUSIP: 13057KAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4015000 | PA      | $3163932.82   | 0.12%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rowland Unified School District                                                                                     | Rowland Unified School District, Series 2009 B                                                                           | CUSIP: 779631EP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $7105215.00   | 0.27%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000282.50   | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                    | California Health Facilities Financing Authority, Series 2014 A                                                          | CUSIP: 13033L3G0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   7160000 | PA      | $7302007.14   | 0.28%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Community Facilities District                                                                                 | City of Chino, Series 2015                                                                                               | CUSIP: 169511QV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1685331.48   | 0.06%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 22C                                                                                               | CUSIP: 13136CAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1885000.00   | 0.07%             | 2022-12-30      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| County of San Bernardino CA                                                                                         | County of San Bernardino, Series 2015                                                                                    | CUSIP: 796844NV6<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012211.10   | 0.04%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lathrop Financing Authority                                                                                         | Lathrop Financing Authority, Series 2013 A                                                                               | CUSIP: 518251BN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1092018.11   | 0.04%             | 2030-09-02      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2015                                                      | CUSIP: 13080SKZ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6439837.20   | 0.24%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TKK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $759983.32    | 0.03%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 B                                                    | CUSIP: 13078YMW2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4605000 | PA      | $4700080.36   | 0.18%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021                                                                      | CUSIP: 13048VXL7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3428894.50   | 0.13%             | 2049-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                                                          | Lammersville Joint Unified School District, Series 2019                                                                  | CUSIP: 513533EJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535198.75   | 0.10%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                                                   | FHLMC, Multi-family ML Pass-Through Certificates, Series 2019-ML06, Class XCA                                            | CUSIP: 30312CAC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        | 135591532 | PA      | $10142246.58  | 0.38%             | 2035-07-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                               | California Infrastructure & Economic Development Bank, Series 2016 A                                                     | CUSIP: 13034ARQ5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10360000 | PA      | $7771379.95   | 0.29%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2019 A                                                                    | CUSIP: 13048VKK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3895000 | PA      | $4006596.03   | 0.15%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13078YLC7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2500712.10   | 0.09%             | 2046-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                                                   | City of Irvine, Series 2018                                                                                              | CUSIP: 46360TFW8<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    750000 | PA      | $765858.75    | 0.03%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Mariana Island Ports Authority                                                                             | Northern Mariana Island Ports Authority, Series 1998 A                                                                   | CUSIP: 66537RAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | MP        |   3885000 | PA      | $3731780.65   | 0.14%             | 2028-03-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    100000 | PA      | $93133.04     | 0.00%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Rio Vista Community Facilities District                                                                             | Rio Vista Community Facilities District, Series 2018                                                                     | CUSIP: 767236BM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036774.60   | 0.04%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Community Facilities District                                                                                | Perris Community Facilities District, Series 2014 A                                                                      | CUSIP: 714368KX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4548508.20   | 0.17%             | 2032-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUZ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962423.30    | 0.04%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021 C-2                                                  | CUSIP: 13078YTA3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3575000 | PA      | $2638255.26   | 0.10%             | 2051-09-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                                   | California Housing Finance Agency, Series 2019-2, Class A                                                                | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |     53413 | PA      | $51873.08     | 0.00%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2014                                                                                           | CUSIP: 777870UT1<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1120048.16   | 0.04%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                                                             | City of Fairfield, Series 2019 A                                                                                         | CUSIP: 304194DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027583.00   | 0.04%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 C                                                                    | CUSIP: 13051ADD7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1157231.92   | 0.04%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2015 A                                                    | CUSIP: 13080SGG3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $937716.72    | 0.04%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2020 A                                                                       | CUSIP: 13013FAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22525000 | PA      | $19767746.29  | 0.75%             | 2050-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino Community College District                                                                           | San Bernardino Community College District, Series 2008 D                                                                 | CUSIP: 796720JX9<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3998158.78   | 0.15%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                                                      | Clovis Unified School District, Series 2004 A                                                                            | CUSIP: 189342G36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6295000 | PA      | $5401521.06   | 0.20%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico                                                                                              | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   3474337 | PA      | $1585166.46   | 0.06%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13077EGR5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3066907.50   | 0.12%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Yucaipa CA                                                                                                  | City of Yucaipa, Series 2011                                                                                             | CUSIP: 98839UDR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003474.70   | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                                                    | Folsom Ranch Financing Authority, Series 2017                                                                            | CUSIP: 344414BG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3280000 | PA      | $3331198.83   | 0.13%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Simi Valley CA                                                                                              | City of Simi Valley, Series 1999                                                                                         | CUSIP: 828904EW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $448669.34    | 0.02%             | 2024-09-02      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Cotati-Rohnert Park Unified School District                                                                         | Cotati-Rohnert Park Unified School District, Series A                                                                    | CUSIP: 221623WG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4242736.00   | 0.16%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                                                                    | Inland Valley Development Agency, Series 2014 A                                                                          | CUSIP: 45750TAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9115563.60   | 0.34%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                               | California Infrastructure & Economic Development Bank, Series 2021 A-1                                                   | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1257302.40   | 0.05%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GDB Debt Recovery Authority of Puerto Rico                                                                          | GDB Debt Recovery Authority of Puerto Rico                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | MUN               | PR        |  19908446 | PA      | $16673323.53  | 0.63%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2017 A                                                                       | CUSIP: 13058BAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1012124.50   | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2013                                                                      | CUSIP: 13048TQM8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3171084.95   | 0.12%             | 2033-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 1                                                                           | CUSIP: 74526QD66<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1768493 | PA      | $1379424.54   | 0.05%             | 2021-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2018 A                                                                       | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027192.90   | 0.04%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $1523471.46   | 0.06%             | 2040-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2017                                                                      | CUSIP: 13048TX32<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042028.00   | 0.04%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                                                      | Irvine Unified School District, Series 2017 C                                                                            | CUSIP: 463612KV2<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016888.10   | 0.04%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2022                                                                    | CUSIP: 76827QHK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4122742.25   | 0.16%             | 2052-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lathrop Financing Authority                                                                                         | Lathrop Financing Authority, Series 2013 A                                                                               | CUSIP: 518251BL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1027001.63   | 0.04%             | 2028-09-02      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                                                           | City of Rancho Cordova, Series 2015                                                                                      | CUSIP: 75211RGD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1218662.76   | 0.05%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13049YAJ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $605318.82    | 0.02%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Community Facilities District                                                                               | Alameda Community Facilities District, Series 2016                                                                       | CUSIP: 010780CJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1421482.30   | 0.05%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2020 A                                                    | CUSIP: 13078YQU2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1292888.13   | 0.05%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                                                           | City of Rancho Cordova, Series 2015                                                                                      | CUSIP: 75211RGE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264619.75   | 0.05%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                                                   | City of Irvine, Series 2018                                                                                              | CUSIP: 46360TFV0<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5137034.00   | 0.19%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VVA3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    130000 | PA      | $134892.04    | 0.01%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Community College District                                                                                 | Imperial Community College District, Series 2011 A                                                                       | CUSIP: 452641EV1<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3861337.55   | 0.15%             | 2040-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                | Independent Cities Finance Authority, Series 2015                                                                        | CUSIP: 45385LHY2<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5074114.00   | 0.19%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2020                                                                                           | CUSIP: 777870M29<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    630000 | PA      | $653280.01    | 0.02%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TMF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $495734.22    | 0.02%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tustin Community Facilities District                                                                                | Tustin Community Facilities District, Series 2015 A                                                                      | CUSIP: 901047GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034594.20   | 0.04%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2013 A                                                                      | CUSIP: 74526QA51<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   5000000 | PA      | $3787500.00   | 0.14%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2013                                                                      | CUSIP: 13048TQN6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7110844.30   | 0.27%             | 2043-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021                                                      | CUSIP: 13077EKP4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    730000 | PA      | $661436.43    | 0.02%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 C                                                    | CUSIP: 13078YNH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5765000 | PA      | $6009931.21   | 0.23%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2017 A                                                                    | CUSIP: 13048T4L4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2689309.88   | 0.10%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                                                                    | Inland Valley Development Agency, Series 2014 A                                                                          | CUSIP: 45750TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7647091.50   | 0.29%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                                                         | California Enterprise Development Authority, Series 2021 A                                                               | CUSIP: 13069AAK4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    845000 | PA      | $594167.58    | 0.02%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2905000 | PA      | $2567005.57   | 0.10%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021 C-1                                                  | CUSIP: 13078YSY2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3123995.84   | 0.12%             | 2051-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Baldwin Park Unified School District                                                                                | Baldwin Park Unified School District, Series 2013                                                                        | CUSIP: 058219SP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $2725035.00   | 0.10%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                                                   | San Francisco City & County Redevelopment Agency Successor Agency, Series 2016 D                                         | CUSIP: 79770GFB7<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2539690.20   | 0.10%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292CG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  31800000 | PA      | $20044404.96  | 0.76%             | 2059-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13078YKG9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1067843.03   | 0.04%             | 2036-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency XII                                                                                     | CMFA Special Finance Agency XII, Series 2022 A-2                                                                         | CUSIP: 12574XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22280000 | PA      | $16384765.47  | 0.62%             | 2049-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                                                         | Orange County Community Facilities District, Series 2015 A                                                               | CUSIP: 68423PWC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4880000 | PA      | $4965660.10   | 0.19%             | 2045-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2017 A                                                                       | CUSIP: 13058BAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16110000 | PA      | $11674425.65  | 0.44%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District                                                                              | Truckee-Donner Public Utility District, Series 2005                                                                      | CUSIP: 897817CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4990000 | PA      | $4370937.61   | 0.17%             | 2030-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Daly City Housing Development Finance Agency                                                                        | Daly City Housing Development Finance Agency, Series 2007 B                                                              | CUSIP: 235669FJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4453408.26   | 0.17%             | 2047-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                | Independent Cities Finance Authority, Series 2021                                                                        | CUSIP: 45385LPL1<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   8160000 | PA      | $5619928.27   | 0.21%             | 2056-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUW6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51937.58     | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Val Verde Unified School District                                                                                   | Val Verde Unified School District, Series 2015                                                                           | CUSIP: 918828BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3308423.36   | 0.12%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TKQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $541167.06    | 0.02%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                                        | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A                              | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10197131.00  | 0.39%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2021                                                                                           | CUSIP: 777870R24<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    350000 | PA      | $331894.43    | 0.01%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                          | City of Los Angeles, Series 2019 D                                                                                       | CUSIP: 544445MB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5525000 | PA      | $5154590.74   | 0.19%             | 2044-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coachella Valley Unified School District                                                                            | Coachella Valley Unified School District, Series 2012 D                                                                  | CUSIP: 189849GR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1145733.60   | 0.04%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lemon Grove Community Development Agency Successor Agency                                                           | Lemon Grove Community Development Agency Successor Agency, Series 2014                                                   | CUSIP: 525641AV8<br>LEI: 5493006KQX5JQCP0Q874 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039161.90   | 0.04%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Paula CA                                                                                              | City of Santa Paula, Series 2020                                                                                         | CUSIP: 802545AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1189273.25   | 0.04%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 B                                                    | CUSIP: 13078YMU6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2877261.08   | 0.11%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency                                                                         | CUSIP: 798111CB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19150000 | PA      | $16533052.92  | 0.62%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2021 A                                                                       | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910761.00    | 0.03%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8125000 | PA      | $7064741.13   | 0.27%             | 2062-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TEU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $773985.36    | 0.03%             | 2047-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                    | California Health Facilities Financing Authority, Series 2016 B                                                          | CUSIP: 13032UXH6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3455000 | PA      | $3524618.60   | 0.13%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018                                                      | CUSIP: 13081KAX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5052045.00   | 0.19%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021                                                                                    | CUSIP: 74441XHB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6300000.00   | 0.24%             | 2023-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                         | California Educational Facilities Authority, Series 2018 A                                                               | CUSIP: 130179PK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10375000 | PA      | $10579499.55  | 0.40%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                                                      | Clovis Unified School District, Series 2004 A                                                                            | CUSIP: 189342F94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1050720.72   | 0.04%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2021 A                                                                       | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1630359.60   | 0.06%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2022                                                                      | CUSIP: 13051AEW4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020095.20   | 0.04%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                            | University of California, Series 2013 AL-1                                                                               | CUSIP: 91412GSJ5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5500000 | PA      | $5500000.00   | 0.21%             | 2048-05-15      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| Perris Joint Powers Authority                                                                                       | Perris Joint Powers Authority, Series 2013 B                                                                             | CUSIP: 714376AW0<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3783924.78   | 0.14%             | 2033-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District                                                                                       | Menifee Union School District, Series 2018                                                                               | CUSIP: 586810E66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521119.25   | 0.06%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Palm Desert CA                                                                                              | City of Palm Desert, Series 2021                                                                                         | CUSIP: 696627ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $412976.21    | 0.02%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily ML Certificates                                                                                   | FHLMC, Multi-family ML Pass-Through Certificates, Series 2020-ML07, Class XCA                                            | CUSIP: 35833FAA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        | 121976582 | PA      | $19446726.54  | 0.73%             | 2037-01-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                                                                 | Tracy Community Facilities District, Series 2018                                                                         | CUSIP: 892376QX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1700041.83   | 0.06%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2015 A                                                                       | CUSIP: 13059TCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2569995.25   | 0.10%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1313978.10   | 0.05%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2019 A                                                                    | CUSIP: 13049AAK9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2783055.83   | 0.11%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                                                      | Irvine Unified School District, Series 2017 D                                                                            | CUSIP: 463612LR0<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015519.80   | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13080SNN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  12735000 | PA      | $11727609.29  | 0.44%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2014                                                                                           | CUSIP: 777870UV6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1663878.32   | 0.06%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                         | California Educational Facilities Authority, Series 2015                                                                 | CUSIP: 1301787B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3106225.80   | 0.12%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Canyon University                                                                                             | Grand Canyon University                                                                                                  | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  45335000 | PA      | $42175150.50  | 1.59%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2016 B-4                                                                    | CUSIP: 74526QC59<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1601765 | PA      | $1249376.70   | 0.05%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019 A                                                    | CUSIP: 13078YNT8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    940000 | PA      | $967590.50    | 0.04%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                                                      | Clovis Unified School District, Series 2004 A                                                                            | CUSIP: 189342UR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2482265.70   | 0.09%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Corona-Norco Unified School District                                                                                | Corona-Norco Unified School District, Series 2016                                                                        | CUSIP: 219766MU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516211.50    | 0.02%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2021                                                                                           | CUSIP: 777870R65<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    400000 | PA      | $366620.60    | 0.01%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                | Independent Cities Finance Authority, Series 2015                                                                        | CUSIP: 45385LHZ9<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4960784.50   | 0.19%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2018                                                                      | CUSIP: 13049YBN0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4873930.50   | 0.18%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                                                                  | Norman Y Mineta San Jose International Airport SJC, Series 2017 A                                                        | CUSIP: 798136VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2320082.55   | 0.09%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13049AAP8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    865000 | PA      | $815028.60    | 0.03%             | 2032-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                                                               | City of Sacramento, Series 2017                                                                                          | CUSIP: 786071MB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1932087.39   | 0.07%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                                   | Territory of Guam, Series 2021 F                                                                                         | CUSIP: 40065NCQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    250000 | PA      | $231390.03    | 0.01%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TKJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $316668.34    | 0.01%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TVG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1055850.81   | 0.04%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                                                      | Puerto Rico Highway & Transportation Authority, Series L                                                                 | CUSIP: 745190UR7<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |   3300000 | PA      | $3266651.52   | 0.12%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Dixon CA                                                                                                    | City of Dixon, Series 2019                                                                                               | CUSIP: 255650DN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2454923.28   | 0.09%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                              | M-S-R Energy Authority, Series 2009 B                                                                                    | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |  32300000 | PA      | $39190045.43  | 1.48%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 22A                                                                                               | CUSIP: 13136CAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2875000.00   | 0.11%             | 2022-10-12      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TRN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528572.30   | 0.06%             | 2062-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Del Mar Race Track Authority                                                                                        | Del Mar Race Track Authority, Series 2015                                                                                | CUSIP: 245122BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1930071.20   | 0.07%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                         | California Educational Facilities Authority, Series 2018 A                                                               | CUSIP: 130179PJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1156639.73   | 0.04%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $2809474.32   | 0.11%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2012 A                                                                      | CUSIP: 74526QZZ8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  10000000 | PA      | $7400000.00   | 0.28%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VVB1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942940.70    | 0.04%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1245290.58   | 0.05%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 G                                                                       | CUSIP: 13058TFZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1547436.53   | 0.06%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2017 A                                                                    | CUSIP: 13048TR96<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9573722.00   | 0.36%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1989133.00   | 0.08%             | 2052-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| County of San Bernardino CA                                                                                         | County of San Bernardino, Series 2015                                                                                    | CUSIP: 796844NU8<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016329.00   | 0.04%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                                                    | California Community College Financing Authority, Series 2022 A                                                          | CUSIP: 13012TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17500000 | PA      | $16599849.00  | 0.63%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Fullerton CA                                                                                                | City of Fullerton, Series 2014                                                                                           | CUSIP: 35982AAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2458913.35   | 0.09%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fillmore CA                                                                                                 | City of Fillmore, Series 2015                                                                                            | CUSIP: 317078EJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2662115.19   | 0.10%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    659584 | PA      | $562499.90    | 0.02%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2016 A-4                                                                    | CUSIP: 74526QB92<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1601766 | PA      | $1249377.48   | 0.05%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TMH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $935070.63    | 0.04%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 130591BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1720421.51   | 0.06%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017                                                      | CUSIP: 13077EFM7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1270297.81   | 0.05%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                                                         | City of Long Beach, Series 2015                                                                                          | CUSIP: 542426CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3549037.45   | 0.13%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2019                                                                         | CUSIP: 13059TGJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019295.00   | 0.08%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021 C-1                                                  | CUSIP: 13078YSX4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2245069.25   | 0.08%             | 2041-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Community Facilities Districts                                                                     | Riverside County Community Facilities Districts, Series 2014                                                             | CUSIP: 76911FSQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533154.65   | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Park Unified School District                                                                                    | Oak Park Unified School District, Series 2011 A                                                                          | CUSIP: 671556HA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $8216503.68   | 0.31%             | 2038-08-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                                                            | Washington Township Health Care District, Series 2017 B                                                                  | CUSIP: 940204EZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1729020.33   | 0.07%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13077EFH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  10860000 | PA      | $11026641.27  | 0.42%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee Lake Public Financing Authority                                                                                 | Lee Lake Public Financing Authority, Series 2013 B                                                                       | CUSIP: 523831BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1167535.79   | 0.04%             | 2032-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chula Vista Community Facilities District                                                                           | City of Chula Vista, Series 2018                                                                                         | CUSIP: 171312KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1081876.70   | 0.04%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                                                                 | Tracy Community Facilities District, Series 2018                                                                         | CUSIP: 892376QY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2471477.24   | 0.09%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tustin Community Facilities District                                                                                | Tustin Community Facilities District, Series 2015 A                                                                      | CUSIP: 901047FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $762246.75    | 0.03%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2018                                                                      | CUSIP: 13049YCJ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1484804.70   | 0.06%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7067180.00   | 0.27%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Perris Joint Powers Authority                                                                                       | Perris Joint Powers Authority, Series 2014 E                                                                             | CUSIP: 714376EC0<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   4145000 | PA      | $4024038.12   | 0.15%             | 2038-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Paso Robles Joint Unified School District                                                                           | Paso Robles Joint Unified School District, Series 2010 A                                                                 | CUSIP: 70262RCA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $5011941.00   | 0.19%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2019                                                                      | CUSIP: 13049RBG0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    480000 | PA      | $460114.75    | 0.02%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2017                                                                         | CUSIP: 13057EAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1125050.74   | 0.04%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saugus-Castaic School Facilities Financing Authority                                                                | Saugus-Castaic School Facilities Financing Authority, Series 2013                                                        | CUSIP: 804239AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1385302.60   | 0.05%             | 2033-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2017 B                                                                    | CUSIP: 13048T5J8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5057225.00   | 0.19%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048DCN6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1007552.22   | 0.04%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Mission Rock Utilities, Inc.                                                                                        | Mission Rock Utilities, Inc.                                                                                             | CUSIP: 605108AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9896800.00   | 0.37%             | 2027-07-01      | Fixed         | 7.00%                 | No            |                  3 | On Loan: No      |
| El Rancho Unified School District                                                                                   | El Rancho Unified School District, Series 2004                                                                           | CUSIP: 283839SG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $1892476.80   | 0.07%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Area Flood Control Agency                                                                                | Sacramento Area Flood Control Agency, Series 2014                                                                        | CUSIP: 785840HE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038696.20   | 0.08%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 B                                                                    | CUSIP: 13048TA29<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1210551.98   | 0.05%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lemon Grove School District                                                                                         | Lemon Grove School District, Series 2010 B                                                                               | CUSIP: 525651DZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6167083.65   | 0.23%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2018                                                                         | CUSIP: 13058TGR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1518044.63   | 0.06%             | 2056-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                                                   | City of Irvine, Series 2014                                                                                              | CUSIP: 46360TDF7<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512616.65   | 0.06%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019 A                                                    | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    950000 | PA      | $909844.74    | 0.03%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017                                                      | CUSIP: 13078RHE3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    710000 | PA      | $715331.67    | 0.03%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coachella Valley Unified School District                                                                            | Coachella Valley Unified School District, Series 2012 D                                                                  | CUSIP: 189849HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $3429683.70   | 0.13%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kaweah Delta Health Care District Guild                                                                             | Kaweah Delta Health Care District Guild, Series 2015 B                                                                   | CUSIP: 486375HA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3284135.08   | 0.12%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  67945000 | PA      | $12784680.68  | 0.48%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2021                                                                                           | CUSIP: 777870X35<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1440140.30   | 0.05%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Elsinore Valley Municipal Water District                                                                            | Elsinore Valley Municipal Water District, Series 2021 A                                                                  | CUSIP: 290322DV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1044548.53   | 0.04%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Virgenes Unified School District                                                                                | Las Virgenes Unified School District, Series 2011 C                                                                      | CUSIP: 518021UV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8050000 | PA      | $8473131.35   | 0.32%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                                                         | CMFA Special Finance Agency, Series 2021 A-2                                                                             | CUSIP: 12574WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13980000 | PA      | $10754769.26  | 0.41%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2017 A                                                                    | CUSIP: 13048TP49<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011605.80   | 0.11%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2019 A                                                                       | CUSIP: 13013HAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27050000 | PA      | $23141001.80  | 0.87%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                                                         | Orange County Community Facilities District, Series 2018 A                                                               | CUSIP: 68423PYB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12550000 | PA      | $12736642.35  | 0.48%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                     | Foothill-Eastern Transportation Corridor Agency, Series 2015 A                                                           | CUSIP: 345105HY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19000000 | PA      | $12082799.20  | 0.46%             | 2033-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2019                                                                                           | CUSIP: 777870G83<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514670.60    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 A                                                                    | CUSIP: 13049SCV4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $1724915.00   | 0.07%             | 2055-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2020 B                                                    | CUSIP: 13078YRH0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    695000 | PA      | $591664.20    | 0.02%             | 2050-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13059AAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $903916.30    | 0.03%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                                | Guam Government Waterworks Authority, Series 2017                                                                        | CUSIP: 40065FDC5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1700000 | PA      | $1737035.01   | 0.07%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TKR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1147243.15   | 0.04%             | 2061-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series E-4                                                                         | CUSIP: 74526QD90<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    600000 | PA      | $468000.00    | 0.02%             | 2022-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                                                             | City of Fairfield, Series 2020 A                                                                                         | CUSIP: 304194EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3318683.75   | 0.13%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2014 A                                                    | CUSIP: 13080SBX1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1593498.49   | 0.06%             | 2033-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2014                                                                                           | CUSIP: 777870US3<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513533.90    | 0.02%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2015                                                      | CUSIP: 13080SHR8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2268183.62   | 0.09%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2012                                                      | CUSIP: 1307955V5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4350093.53   | 0.16%             | 2034-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TRM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275586.38   | 0.05%             | 2052-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2017                                                            | CUSIP: 130536QZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $6500000.00   | 0.25%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| City of San Clemente CA                                                                                             | City of San Clemente, Series 2015                                                                                        | CUSIP: 797214CG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2473072.27   | 0.09%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2015                                                                         | CUSIP: 13058TCH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013151.70   | 0.04%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021 C-2                                                  | CUSIP: 13078YSZ9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $2765853.00   | 0.10%             | 2041-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2020 A                                                    | CUSIP: 13078YQV0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013084.80   | 0.04%             | 2050-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                                                             | Tobacco Securitization Authority of Southern California, Series 2006 C                                                   | CUSIP: 888804BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $3860640.00   | 0.15%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2022                                                      | CUSIP: 13077ELE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7614943.50   | 0.29%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-2                                                                        | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  12300000 | PA      | $11243519.79  | 0.42%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048DBU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2638957.85   | 0.10%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 22X                                                                                               | CUSIP: 13136CAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2830000.00   | 0.11%             | 2023-01-31      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| Moreno Valley Unified School District Community Facilities District                                                 | Moreno Valley Unified School District, Series 2019                                                                       | CUSIP: 616874SF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1042369.27   | 0.04%             | 2048-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 22B                                                                                               | CUSIP: 13136CAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $250000.00    | 0.01%             | 2022-12-30      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2022 B                                                                       | CUSIP: 13013FBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4028574.90   | 0.15%             | 2040-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mendocino-Lake Community College District                                                                           | Mendocino-Lake Community College District, Series 2011 B                                                                 | CUSIP: 58661PCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8215243.50   | 0.31%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13051AAS7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1037322.59   | 0.04%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2016 C                                                                       | CUSIP: 13059TDE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10068623.00  | 0.38%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                     | Foothill-Eastern Transportation Corridor Agency, Series 2013 B-2                                                         | CUSIP: 345105GU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17500000 | PA      | $14193235.00  | 0.54%             | 2053-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 B                                                                    | CUSIP: 13048TA37<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1334492.00   | 0.05%             | 2046-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $735647.88    | 0.03%             | 2035-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 A-S                                                                  | CUSIP: 130483EQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $886865.80    | 0.03%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA North Natomas Community Facilities District No. 4                                             | City of Sacramento, Series 2013 E                                                                                        | CUSIP: 661253CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2754127.53   | 0.10%             | 2033-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Victor Elementary School District                                                                                   | Victor Elementary School District, Series 2015 B                                                                         | CUSIP: 925836HG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5455000 | PA      | $5633139.03   | 0.21%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                         | California Educational Facilities Authority, Series T-1                                                                  | CUSIP: 130178JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4185000 | PA      | $5015452.15   | 0.19%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Northern California                                                             | Tobacco Securitization Authority of Northern California, Series 2021 B-2, Class 2                                        | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24900000 | PA      | $3837162.21   | 0.14%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                                                      | Puerto Rico Highway & Transportation Authority, Series L                                                                 | CUSIP: 745190UP1<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |   1675000 | PA      | $1660936.03   | 0.06%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TNQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $2539039.49   | 0.10%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                                                             | City of Fairfield, Series 2020 A                                                                                         | CUSIP: 304194EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054490.40   | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 C                                                                    | CUSIP: 13051ADE5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1561597.92   | 0.06%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017 B                                                    | CUSIP: 13078YLQ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3383460.44   | 0.13%             | 2037-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2015                                                      | CUSIP: 13078YJP1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050469.20   | 0.08%             | 2035-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2020                                                      | CUSIP: 13077EJB7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    700000 | PA      | $641398.31    | 0.02%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TKA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3570699.36   | 0.13%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2022 A-1                                                                  | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  16700000 | PA      | $13821681.52  | 0.52%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                                                     | California County Tobacco Securitization Agency, Series 2020 B-2                                                         | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 125010000 | PA      | $22777859.58  | 0.86%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                                                             | Tobacco Securitization Authority of Southern California, Series 2019 B-1                                                 | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10305000 | PA      | $10401867.00  | 0.39%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series VV                                                                          | CUSIP: 74526QPQ9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1800000 | PA      | $1798173.54   | 0.07%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13059TEW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507353.45   | 0.06%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                                                   | San Francisco City & County Redevelopment Agency Successor Agency, Series 2013 C                                         | CUSIP: 79772ABU0<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $2996346.00   | 0.11%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series E-3                                                                         | CUSIP: 74526QD82<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    600000 | PA      | $468000.00    | 0.02%             | 2022-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2018 A                                                                    | CUSIP: 13048DCQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3284461.44   | 0.12%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Margarita Water District                                                                                      | Santa Margarita Water District, Series 2013                                                                              | CUSIP: 802242EQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9681061.44   | 0.37%             | 2043-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13048TWL3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5073020.50   | 0.19%             | 2040-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                                                      | Puerto Rico Highway & Transportation Authority, Series 2007 N                                                            | CUSIP: 745190ZS0<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |    330000 | PA      | $327267.34    | 0.01%             | 2036-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of El Dorado CA                                                                                              | County of El Dorado, Series 2018                                                                                         | CUSIP: 283113KE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2899623.06   | 0.11%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2019 A                                                                       | CUSIP: 13013FAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13177899.00  | 0.50%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                                                      | Irvine Unified School District, Series 2017 B                                                                            | CUSIP: 463612KA8<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2525097.00   | 0.10%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                                                            | Romoland School District, Series 2015                                                                                    | CUSIP: 776192NR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4690000 | PA      | $4796028.24   | 0.18%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Victor Valley Community College District                                                                            | Victor Valley Community College District, Series 2008 C                                                                  | CUSIP: 92603PDR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11940000 | PA      | $3492338.96   | 0.13%             | 2049-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    809842 | PA      | $829466.33    | 0.03%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                           | Golden State Tobacco Securitization Corp., Series 2015 A                                                                 | CUSIP: 38122NYK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12630000 | PA      | $13411569.66  | 0.51%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    817244 | PA      | $829041.90    | 0.03%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 A                                                    | CUSIP: 13078YMH5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3823790.68   | 0.14%             | 2047-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2019                                                                                           | CUSIP: 777870G75<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    440000 | PA      | $459613.75    | 0.02%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                         | California Educational Facilities Authority, Series 2017 A                                                               | CUSIP: 130179JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8952176.20   | 0.34%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District                                                                                | Rio Hondo Community College District, Series 2010 C                                                                      | CUSIP: 767121DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $15342649.40  | 0.58%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13078YKH7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2286745.43   | 0.09%             | 2045-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021                                                                      | CUSIP: 13049YFQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $1829329.46   | 0.07%             | 2051-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2020                                                                                           | CUSIP: 777870M45<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1779140.75   | 0.07%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District                                                                              | Truckee-Donner Public Utility District, Series 2004                                                                      | CUSIP: 897817BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4475000 | PA      | $3897040.77   | 0.15%             | 2035-09-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Saugus-Castaic School Facilities Financing Authority                                                                | Saugus-Castaic School Facilities Financing Authority, Series 2013                                                        | CUSIP: 804239AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3415166.21   | 0.13%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2017                                                                                           | CUSIP: 777870YC4<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6612545.55   | 0.25%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rancho Cordova CA                                                                                           | City of Rancho Cordova, Series 2022                                                                                      | CUSIP: 75211RQF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020281.00   | 0.08%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                | Independent Cities Finance Authority, Series 2021                                                                        | CUSIP: 45385LNA7<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2803993.20   | 0.11%             | 2056-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TJL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1174819.94   | 0.04%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                                                     | California County Tobacco Securitization Agency, Series 2020 B-2                                                         | CUSIP: 13016NJB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13420000 | PA      | $2554836.53   | 0.10%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Salt Co.                                                                                              | City of San Francisco                                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | MUN               | US        |  14000000 | PA      | $9990842.40   | 0.38%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 13058TEV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $901689.18    | 0.03%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Woodland CA                                                                                                 | City of Woodland, Series 2019                                                                                            | CUSIP: 979568GS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1507512.20   | 0.06%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2015 A                                                    | CUSIP: 13080SGF5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $727995.53    | 0.03%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 B                                                                    | CUSIP: 13051ACA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $641360.33    | 0.02%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2017 A                                                                       | CUSIP: 13058BAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4030000 | PA      | $3228947.63   | 0.12%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13051ABH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    660000 | PA      | $602608.25    | 0.02%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Paula CA                                                                                              | City of Santa Paula, Series 2020                                                                                         | CUSIP: 802545AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $976185.43    | 0.04%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2020 A                                                    | CUSIP: 13078YQW8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    900000 | PA      | $767057.67    | 0.03%             | 2050-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2017 A                                                                       | CUSIP: 130591AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1487815.50   | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    566098 | PA      | $473129.48    | 0.02%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duarte Redevelopment Agency                                                                                         | Duarte Redevelopment Agency, Series 1999                                                                                 | CUSIP: 263590EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14560000 | PA      | $10560222.40  | 0.40%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                                                               | City of Sacramento, Series 2017                                                                                          | CUSIP: 786071MA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $736254.24    | 0.03%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                                                    | Folsom Ranch Financing Authority, Series 2021                                                                            | CUSIP: 344414EG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $260297.25    | 0.01%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Helena Unified School District                                                                                   | St. Helena Unified School District, Series 2011 B                                                                        | CUSIP: 789636GC5<br>LEI: 5493004RDPC2SO1LU844 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11198020.00  | 0.42%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                                                      | Irvine Unified School District, Series 2018 A                                                                            | CUSIP: 463612MH1<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4062079.20   | 0.15%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                                                   | City of Irvine, Series 2014                                                                                              | CUSIP: 46360TDC4<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012562.90   | 0.04%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2018                                                            | CUSIP: 130536RF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1017110.57   | 0.04%             | 2028-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2014 A                                                    | CUSIP: 13080SBW3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    115000 | PA      | $116042.57    | 0.00%             | 2023-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                                                      | Irvine Unified School District, Series 2017 B                                                                            | CUSIP: 463612JY8<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023268.60   | 0.04%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13059AAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16730000 | PA      | $11705621.31  | 0.44%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    769676 | PA      | $618609.23    | 0.02%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                      | Palomar Health                                                                                                           | CUSIP: 69752RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5197914.00   | 0.20%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 130486AS2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450141.57    | 0.02%             | 2035-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2020                                                                                           | CUSIP: 777870P26<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $859499.30    | 0.03%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-2                                                                        | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   7044000 | PA      | $6381304.00   | 0.24%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2014 A                                                                    | CUSIP: 13049SBB9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020901.60   | 0.04%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2022 D                                                                    | CUSIP: 13051AFN3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6885000 | PA      | $7129172.39   | 0.27%             | 2052-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 B                                                                    | CUSIP: 13048VVK1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8150000 | PA      | $6460160.26   | 0.24%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dublin Community Facilities District No. 2015-1                                                                     | Dublin Community Facilities District No. 2015-1, Series 2017                                                             | CUSIP: 26362PAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1597205.25   | 0.06%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Yucaipa CA                                                                                                  | City of Yucaipa, Series 2011                                                                                             | CUSIP: 98839UDV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1807171.92   | 0.07%             | 2030-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TMG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $605833.44    | 0.02%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2015 A                                                                       | CUSIP: 13059TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1220073.00   | 0.05%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Vista Community Facilities District                                                                             | Rio Vista Community Facilities District, Series 2018                                                                     | CUSIP: 767236BL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1713686.98   | 0.06%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017                                                      | CUSIP: 13077EFN5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036337.20   | 0.08%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                                                      | Puerto Rico Highway & Transportation Authority, Series 2007 N                                                            | CUSIP: 745190ZN1<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |   1170000 | PA      | $1157276.13   | 0.04%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Corona Community Facilities District                                                                                | City of Corona, Series 2018 A                                                                                            | CUSIP: 219680EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1241880.24   | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lathrop Financing Authority                                                                                         | Lathrop Financing Authority, Series 2013 A                                                                               | CUSIP: 518251BM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1087819.67   | 0.04%             | 2029-09-02      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021 A                                                    | CUSIP: 13078YRY3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    995000 | PA      | $876612.71    | 0.03%             | 2041-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                         | California Educational Facilities Authority, Series 2018 A                                                               | CUSIP: 130179PH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1303775.29   | 0.05%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $1962167.28   | 0.07%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2015 A                                                                       | CUSIP: 13059TBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1681779.23   | 0.06%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ontario CA Community Facilities District No. 28                                                             | City of Ontario, Series 2017                                                                                             | CUSIP: 68302TBF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509084.30    | 0.02%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021                                                      | CUSIP: 13077EKB5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    560000 | PA      | $505467.26    | 0.02%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside Union School District Community Facilities District                                                        | Westside Union School District, Series 2021                                                                              | CUSIP: 961491DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $427382.90    | 0.02%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 A                                                    | CUSIP: 13080SUG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1292165.85   | 0.05%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                                                   | City of Irvine, Series 2014                                                                                              | CUSIP: 46360TDE0<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2768053.75   | 0.10%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dublin Community Facilities District No. 2015-1                                                                     | Dublin Community Facilities District No. 2015-1, Series 2019                                                             | CUSIP: 26362RAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3509461.87   | 0.13%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TJK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $215593.88    | 0.01%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TKP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $408029.09    | 0.02%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                     | Foothill-Eastern Transportation Corridor Agency, Series 2013 A                                                           | CUSIP: 345105HX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  75000000 | PA      | $28187040.00  | 1.06%             | 2042-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 B                                                                    | CUSIP: 13048VPW2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1061305.39   | 0.04%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TYR8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9965000 | PA      | $10427550.39  | 0.39%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2019 A                                                                       | CUSIP: 13059TFT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023451.80   | 0.04%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 A                                                    | CUSIP: 13078YMG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2237997.14   | 0.08%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                                                   | Territory of Guam, Series 2021 F                                                                                         | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   3125000 | PA      | $2715890.00   | 0.10%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2019 A                                                                       | CUSIP: 13059TFV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3309862.71   | 0.13%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency I                                                                                       | CMFA Special Finance Agency I, Series 2021 A-T                                                                           | CUSIP: 12574TAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7690000 | PA      | $7292337.80   | 0.28%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Joint Powers Authority                                                                                       | Perris Joint Powers Authority, Series 2018 A                                                                             | CUSIP: 714376QN3<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2227066.15   | 0.08%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                                                    | Folsom Ranch Financing Authority, Series 2018                                                                            | CUSIP: 344414BK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $560214.35    | 0.02%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middle Fork Project Finance Authority                                                                               | Middle Fork Project Finance Authority, Series 2020                                                                       | CUSIP: 59572CAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1184331.61   | 0.04%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                                                                   | San Diego Unified School District, Series 2012 E                                                                         | CUSIP: 797355R30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6940000 | PA      | $5022966.58   | 0.19%             | 2042-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                                                                   | Long Beach Bond Finance Authority, Series 2007 A                                                                         | CUSIP: 54241AAV5<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4913983.83   | 0.19%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2017                                                                      | CUSIP: 13048TW90<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1152195.33   | 0.04%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                                                         | California Enterprise Development Authority, Series 2021 A                                                               | CUSIP: 13069AAH1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    250000 | PA      | $215891.98    | 0.01%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                         | California Educational Facilities Authority, Series U-3                                                                  | CUSIP: 130178X76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5815000 | PA      | $6910333.75   | 0.26%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                                                         | City of Long Beach, Series 2015                                                                                          | CUSIP: 542426CX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1331433.09   | 0.05%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2017 A                                                                       | CUSIP: 13058BAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5370000 | PA      | $4108539.74   | 0.16%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUT3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $197550.44    | 0.01%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Murrieta CA Community Facilities District                                                                   | City of Murrieta, Series 2018                                                                                            | CUSIP: 62718PSX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3817187.62   | 0.14%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hanford Joint Union High School District                                                                            | Hanford Joint Union High School District, Series B                                                                       | CUSIP: 410360GW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4120000 | PA      | $2528488.91   | 0.10%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                                        | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A                              | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10264338.00  | 0.39%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2022 A                                                                       | CUSIP: 13058TQD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $591386.63    | 0.02%             | 2032-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2020 B                                                    | CUSIP: 13078YRG2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    565000 | PA      | $509122.07    | 0.02%             | 2040-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                                                   | San Francisco City & County Redevelopment Agency Successor Agency, Series 2016 D                                         | CUSIP: 79770GFD3<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |  16500000 | PA      | $6021036.45   | 0.23%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Truckee-Donner Public Utility District                                                                              | Truckee-Donner Public Utility District, Series 2005                                                                      | CUSIP: 897817CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1850562.92   | 0.07%             | 2025-09-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    944324 | PA      | $518359.37    | 0.02%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 A                                                    | CUSIP: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6301378.13   | 0.24%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13081CAD0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6950322.40   | 0.26%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2014 A                                                                    | CUSIP: 13049SBE3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3549756.00   | 0.13%             | 2049-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tracy Community Facilities District                                                                                 | Tracy Community Facilities District, Series 2018                                                                         | CUSIP: 892376RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8990000 | PA      | $9161892.40   | 0.35%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                    | California Health Facilities Financing Authority, Series 2016 B                                                          | CUSIP: 13032UXG8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10985000 | PA      | $11981453.74  | 0.45%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                                                     | California County Tobacco Securitization Agency, Series 2020 B-2                                                         | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $1903753.00   | 0.07%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VUQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98661.10     | 0.00%             | 2023-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                                        | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 E                              | CUSIP: 79766DSA8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  34520000 | PA      | $35173018.29  | 1.33%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremont Community Facilities District No. 1                                                                         | Fremont Community Facilities District No. 1, Series 2015                                                                 | CUSIP: 357129CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4655000 | PA      | $4731011.50   | 0.18%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Siskiyou Union High School District                                                                                 | Siskiyou Union High School District, Series 2009 B                                                                       | CUSIP: 829693EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15015000 | PA      | $3875716.85   | 0.15%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Redondo Beach Unified School District                                                                               | Redondo Beach Unified School District, Series 2011 E                                                                     | CUSIP: 757710LT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3376011.65   | 0.13%             | 2031-08-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2014 A                                                                    | CUSIP: 13049SBC7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1221557.40   | 0.05%             | 2039-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Infrastructure & Revitalization Fing Dist No. 1                                   | City & County of San Francisco, Series 2022 B                                                                            | CUSIP: 79773NAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970474.40    | 0.04%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2020                                                      | CUSIP: 13077EHQ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3510103.96   | 0.13%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                                                            | Washington Township Health Care District, Series 2017 B                                                                  | CUSIP: 940204EY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1845696.80   | 0.07%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2022 B                                                                    | CUSIP: 13051AFH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2996485.90   | 0.11%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13081CAE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2262670.02   | 0.09%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                                                      | Irvine Unified School District, Series 2017 A                                                                            | CUSIP: 463612JD4<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    700000 | PA      | $716288.02    | 0.03%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                                                      | Puerto Rico Highway & Transportation Authority, Series 2007 N                                                            | CUSIP: 745190ZM3<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |    245000 | PA      | $243457.11    | 0.01%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Imperial CA                                                                                               | County of Imperial, Series 1999                                                                                          | CUSIP: 45272PAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4371628.20   | 0.17%             | 2031-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                                | Guam Government Waterworks Authority, Series 2016                                                                        | CUSIP: 40065FCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   3550000 | PA      | $3611736.63   | 0.14%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vallejo Redevelopment Agency                                                                                        | Vallejo Redevelopment Agency, Series 2001 A                                                                              | CUSIP: 919222AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2140634.27   | 0.08%             | 2031-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Tustin Community Facilities District                                                                                | Tustin Community Facilities District, Series 2015 A                                                                      | CUSIP: 901047FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011438.30   | 0.04%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                                                             | Tobacco Securitization Authority of Southern California, Series 2006 B                                                   | CUSIP: 888804AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $1791298.00   | 0.07%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TYB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6525000 | PA      | $6856081.76   | 0.26%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Susanville School District                                                                                          | Susanville School District, Series 2010                                                                                  | CUSIP: 869087DS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17505000 | PA      | $4650229.51   | 0.18%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2016                                                                         | CUSIP: 13058TLK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201529.96    | 0.01%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District Community Facilities District                                                 | Moreno Valley Unified School District, Series 2019                                                                       | CUSIP: 616874RP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $891758.09    | 0.03%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021                                                                      | CUSIP: 13049YFR7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3585000 | PA      | $2495647.92   | 0.09%             | 2054-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 130486AT0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1401433.32   | 0.05%             | 2045-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2022 B                                                    | CUSIP: 13078YUD5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2947103.40   | 0.11%             | 2052-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District                                                                                       | Menifee Union School District, Series 2018                                                                               | CUSIP: 586810E58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021303.30   | 0.04%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                                                       | Poway Unified School District, Series 2016                                                                               | CUSIP: 738855YR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030689.00   | 0.08%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2019 A                                                                    | CUSIP: 13049AAJ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1178867.73   | 0.04%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TKN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $231716.95    | 0.01%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Clemente CA                                                                                             | City of San Clemente, Series 2015                                                                                        | CUSIP: 797214CF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1773494.11   | 0.07%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $699795.50    | 0.03%             | 2034-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency, Series 1997 A                                                          | CUSIP: 798111EC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  50225000 | PA      | $34102232.57  | 1.29%             | 2032-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2016                                                                                           | CUSIP: 777870WF9<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6622761.96   | 0.25%             | 2046-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2016                                                                                           | CUSIP: 777870WE2<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2015280.54   | 0.08%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency, Series 1997 A                                                          | CUSIP: 798111DA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19475000 | PA      | $17377205.58  | 0.66%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                                                    | Folsom Ranch Financing Authority, Series 2019                                                                            | CUSIP: 344414CT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030694.60   | 0.08%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                                                         | California Enterprise Development Authority, Series 2021 A                                                               | CUSIP: 13069AAJ7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    630000 | PA      | $467894.45    | 0.02%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2019                                                                                           | CUSIP: 777870B54<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   3870000 | PA      | $3951809.48   | 0.15%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                    | California Health Facilities Financing Authority, Series 2016 A                                                          | CUSIP: 13032UGL6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   8190000 | PA      | $7920736.55   | 0.30%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2013 A                                                                      | CUSIP: 74526QA69<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  11735000 | PA      | $8889262.50   | 0.34%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                                                          | Lammersville Joint Unified School District, Series 2017                                                                  | CUSIP: 513533DK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4064141.60   | 0.15%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rowland Unified School District                                                                                     | Rowland Unified School District, Series 2009 B                                                                           | CUSIP: 779631EJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3059369.50   | 0.12%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  45755000 | PA      | $45571453.82  | 1.72%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Community Facilities District No. 2016-1                                          | City & County of San Francisco, Series 2022 A                                                                            | CUSIP: 79773LAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $4490434.72   | 0.17%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2017 A                                                    | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1164756.75   | 0.04%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13077EFF2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024226.20   | 0.04%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Torrance Unified School District                                                                                    | Torrance Unified School District, Series 2009 B-1                                                                        | CUSIP: 891381G58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5640000 | PA      | $3491543.52   | 0.13%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2017                                                            | CUSIP: 130536QY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $1750000.00   | 0.07%             | 2022-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2017                                                            | CUSIP: 130536RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $5750000.00   | 0.22%             | 2039-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 A                                                                    | CUSIP: 13049AAM5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    925000 | PA      | $854448.96    | 0.03%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2014                                                                                           | CUSIP: 777870UU8<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1910267.48   | 0.07%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Alamitos Unified School District                                                                                | Los Alamitos Unified School District, Series 2012                                                                        | CUSIP: 544204DP2<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1557020.70   | 0.06%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency, Series 2014 B                                                          | CUSIP: 798111GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  98070000 | PA      | $99495574.94  | 3.76%             | 2049-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                                                         | CMFA Special Finance Agency Enclave, Series 2022 A-2                                                                     | CUSIP: 12574WAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  39885000 | PA      | $28686943.24  | 1.08%             | 2051-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2019 A                                                                    | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5659778.85   | 0.21%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saugus Union School District                                                                                        | Saugus Union School District, Series 2014                                                                                | CUSIP: 804230KB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2341189.50   | 0.09%             | 2044-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13048TVV2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5260174.50   | 0.20%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13077EGQ7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1284095.28   | 0.05%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                                                     | California County Tobacco Securitization Agency, Series 2020 B                                                           | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2938523.40   | 0.11%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2020 A                                                                    | CUSIP: 13049AAN3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1210457.73   | 0.05%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                                        | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A                              | CUSIP: 79766DLX5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5535000 | PA      | $5802869.65   | 0.22%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dixon CA                                                                                                    | City of Dixon, Series 2020                                                                                               | CUSIP: 255650DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $368327.24    | 0.01%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-2                                                                        | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4419000 | PA      | $4003262.69   | 0.15%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13051ABG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    535000 | PA      | $509523.25    | 0.02%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stockton Community Facilities District                                                                              | Stockton Community Facilities District, Series 2020                                                                      | CUSIP: 861341QX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $983649.21    | 0.04%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TYA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3206205.35   | 0.12%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1135489.38   | 0.04%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Val Verde Unified School District                                                                                   | Val Verde Unified School District, Series 2015                                                                           | CUSIP: 918828BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036736.40   | 0.08%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hanford Joint Union High School District                                                                            | Hanford Joint Union High School District, Series B                                                                       | CUSIP: 410360GU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3705000 | PA      | $2518846.84   | 0.10%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13077EGC8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1777112.03   | 0.07%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2020                                                                                           | CUSIP: 777870N85<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    575000 | PA      | $526213.61    | 0.02%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                                                                   | San Diego Unified School District, Series 2012 E                                                                         | CUSIP: 797355R48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $9761728.50   | 0.37%             | 2047-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Ontario CA Community Facilities District No. 28                                                             | City of Ontario, Series 2017                                                                                             | CUSIP: 68302TBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024558.60   | 0.04%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton Community Facilities District                                                                              | City of Stockton, Series 2022                                                                                            | CUSIP: 861341SH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3620838.00   | 0.14%             | 2052-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  19195000 | PA      | $17538555.96  | 0.66%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2013 A                                                                      | CUSIP: 74526QA77<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  25000000 | PA      | $19000000.00  | 0.72%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency, Series 2014 B                                                          | CUSIP: 798111GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11925000 | PA      | $12124981.06  | 0.46%             | 2044-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 B                                                                    | CUSIP: 13051ABY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    900000 | PA      | $820689.39    | 0.03%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2020                                                            | CUSIP: 130536RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $2610000.00   | 0.10%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015                                                                      | CUSIP: 13048TVE0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1111728.20   | 0.04%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2019                                                                                           | CUSIP: 777870G91<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    575000 | PA      | $588158.70    | 0.02%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverbank Unified School District                                                                                   | Riverbank Unified School District, Series 2008 B                                                                         | CUSIP: 768569CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6690000 | PA      | $3374502.23   | 0.13%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    733796 | PA      | $639385.81    | 0.02%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2018 B                                                    | CUSIP: 13078YMV4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4690000 | PA      | $4818592.30   | 0.18%             | 2043-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019 C                                                    | CUSIP: 13078YQF5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    850000 | PA      | $886889.24    | 0.03%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                                                            | Romoland School District, Series 2017                                                                                    | CUSIP: 776192QP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1293165.73   | 0.05%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                    | California Health Facilities Financing Authority                                                                         | CUSIP: 13032URP5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  12485000 | PA      | $12772453.39  | 0.48%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2020 A                                                                       | CUSIP: 13058TKL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1095960.12   | 0.04%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2016                                                                         | CUSIP: 13058TLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2018092.46   | 0.08%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Diego Tobacco Settlement Revenue Funding Corp.                                                          | City of San Diego, Series 2018 C                                                                                         | CUSIP: 797330AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $548169.29    | 0.02%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TNP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2068349.09   | 0.08%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                                                    | Folsom Ranch Financing Authority, Series 2018                                                                            | CUSIP: 344414BL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $882135.95    | 0.03%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Margarita Water District                                                                                      | Santa Margarita Water District, Series 2013                                                                              | CUSIP: 802242EP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2907654.25   | 0.11%             | 2036-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Dublin Community Facilities District No. 2015-1                                                                     | Dublin Community Facilities District No. 2015-1, Series 2019                                                             | CUSIP: 26362RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6865000 | PA      | $7158737.56   | 0.27%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019 A                                                    | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $368569.65    | 0.01%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2021 B                                                    | CUSIP: 13078YSL0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3285000 | PA      | $2961304.31   | 0.11%             | 2041-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                                                         | Orange County Community Facilities District, Series 2018 A                                                               | CUSIP: 68423PYA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3813373.71   | 0.14%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Unified School District                                                                               | Santa Barbara Unified School District, Series 2011 A                                                                     | CUSIP: 801257LU8<br>LEI: 549300PQRSK15XOJN302 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9805464.00   | 0.37%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                                                                   | San Diego Unified School District, Series 2010 C                                                                         | CUSIP: 797355P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26025000 | PA      | $22455470.86  | 0.85%             | 2047-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                                                            | Romoland School District, Series 2013                                                                                    | CUSIP: 776192LH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508895.60   | 0.06%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indio Community Facilities District                                                                                 | Indio Community Facilities District No. 2004-3, Series 2015                                                              | CUSIP: 455697DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1164517.60   | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13049YAK7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3253737.83   | 0.12%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |  16300453 | PA      | $12589623.90  | 0.48%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rio Vista Community Facilities District                                                                             | Rio Vista Community Facilities District, Series 2018                                                                     | CUSIP: 767236BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1212753.28   | 0.05%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2022                                                                      | CUSIP: 13051AEJ3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504494.75   | 0.09%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    244159 | PA      | $224369.40    | 0.01%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                                                                | City of Roseville, Series 2015                                                                                           | CUSIP: 777870VY9<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1156601.49   | 0.04%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2018 A                                                                       | CUSIP: 13058TGV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1955158.39   | 0.07%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency                                                   | San Francisco City & County Redevelopment Agency Successor Agency, Series 2016 D                                         | CUSIP: 79770GFC5<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $3975782.40   | 0.15%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    773832 | PA      | $794869.32    | 0.03%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                 | California School Finance Authority, Series 2021 A                                                                       | CUSIP: 13058TME7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $246147.04    | 0.01%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Franklin Municipal Securities Trust

**Signature:** Jeffrey W. White

**Name of Signer:** Jeffrey W. White

**Title:** Assistant Treasurer