# EDGAR Filing Document

**Accession Number:** 0000765199
**File Stem:** 0001410368-26-006919
**Filing Date:** 2026-1
**Character Count:** 107855
**Document Hash:** bd64eb697c662c30140e07d4d3547c1a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-006919.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001410368-26-006919

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK CALIFORNIA MUNICIPAL SERIES TRUST
- **CENTRAL INDEX KEY:** 0000765199

**ORGANIZATION NAME:**
- **EIN:** 226437105
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04264
- **FILM NUMBER:** 26557014

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH CALIFORNIA MUNICIPAL SERIES TRUST
- **DATE OF NAME CHANGE:** 20051212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH CALIFORNIA INSURED MUNICIPAL SERIES TRUST
- **DATE OF NAME CHANGE:** 20051212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH CALIFORNIA INSURED MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 20010822

## Series and Classes Contracts Data

### BlackRock California Municipal Opportunities Fund (Series ID: S000004030)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000011299 | Investor A1   |  |
| C000011302 | Institutional |  |
| C000038561 | Investor A    |  |
| C000038562 | Investor C    |  |
| C000199773 | Class K       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock California Municipal Series Trust

- **b. Investment Company Act file number:** 811-04264

- **c. CIK number of Registrant:** 0000765199

- **d. LEI of Registrant:** 5493003C56LLBKW8JY53

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

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

- **b. EDGAR series identifier (if any):** S000004030

- **c. LEI of Series:** LQOJZ5EXQ6332KB2NH96

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $2465163972.83

**Total Liabilities:** $79261575.37

**Net Assets:** $2385902397.46

**Delayed Delivery Securities:** $21226216.67

**Cash Not Reported:** $11191376.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 12292.06000000 | **1-Year:** 66490.62000000 | **5-Year:** 645769.28000000 | **10-Year:** 837289.00000000 | **30-Year:** 50125.42000000

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

- **3-Month:** 0.00000000 | **1-Year:** 3954.28000000 | **5-Year:** 12298.19000000 | **10-Year:** 37953.19000000 | **30-Year:** 128943.93000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000011299 | 2.62%                | 0.44%                | 0.60%                |
| Class ID C000011302 | 2.62%                | 0.45%                | 0.61%                |
| Class ID C000038561 | 2.60%                | 0.42%                | 0.59%                |
| Class ID C000038562 | 2.54%                | 0.36%                | 0.53%                |
| Class ID C000199773 | 2.63%                | 0.45%                | 0.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1006428.81             | $54958325.94                               |
| Month 2  | $521685.88               | $3059574.45                                |
| Month 3  | $-30297.04               | $6256802.31                                |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Berkeley Unified School District/CA                                          | BERKELEY CA UNIF SCH DIST                                    | CUSIP: 084154K28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4189816.03   | 0.18%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brea Olinda Unified School District                                          | BREA & OLINDA CA UNIF SCH DIST                               | CUSIP: 106331PS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2204280.75   | 0.09%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                               | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6720000 | PA      | $5658657.31   | 0.24%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                   | BURBANK GLENDALE PASADENA CA ARPT AUTH ARPT REVENUE          | CUSIP: 120827CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $791166.24    | 0.03%             | 2032-07-01      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Butte-Glenn Community College District                                       | BUTTE-GLENN CA CMNTY CLG DIST                                | CUSIP: 124110HK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6935000 | PA      | $7466390.91   | 0.31%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                        | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE               | CUSIP: 126292BX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $772782.89    | 0.03%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  55670000 | PA      | $59463003.08  | 2.49%             | 2054-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  14315000 | PA      | $15706104.50  | 0.66%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  20110000 | PA      | $21930536.18  | 0.92%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  45000000 | PA      | $49153878.00  | 2.06%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  34925000 | PA      | $36655271.81  | 1.54%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFX9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  17395000 | PA      | $18479249.48  | 0.77%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  55075000 | PA      | $60424153.87  | 2.53%             | 2056-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JHG4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  60000000 | PA      | $65792250.00  | 2.76%             | 2056-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JHH2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  22960000 | PA      | $25146299.42  | 1.05%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                              | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE | CUSIP: 13016NDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2472469.55   | 0.10%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                              | CALIFORNIA CNTY CA TOBACCO SECURITIZATION AGY TOBACCO SETTLE | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7620000 | PA      | $1460134.49   | 0.06%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032U3X4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2995000 | PA      | $3265261.31   | 0.14%             | 2050-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UXH6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   9965000 | PA      | $10027550.31  | 0.42%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UZ50<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   7350000 | PA      | $7103578.76   | 0.30%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA HSG FIN AGY AFFORDABLE HSG REVENUE                | CUSIP: 13032WDH4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13492195.60  | 0.57%             | 2045-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  50020000 | PA      | $42517000.00  | 1.78%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AG95<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  37500000 | PA      | $3513187.50   | 0.15%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AM23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3303386.87   | 0.14%             | 2029-10-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE              | CUSIP: 13034DAV6<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5395000 | PA      | $5469610.69   | 0.23%             | 2067-07-01      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  16600000 | PA      | $16598613.90  | 0.70%             | 2044-12-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6250000.00   | 0.26%             | 2045-10-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    835000 | PA      | $626695.64    | 0.03%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VJF6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1195431.59   | 0.05%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SCH FAC REVENUE                  | CUSIP: 13051BAE6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $408401.16    | 0.02%             | 2030-05-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6097734.00   | 0.26%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EFN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8580000 | PA      | $9062041.56   | 0.38%             | 2046-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11380000 | PA      | $11169675.98  | 0.47%             | 2044-06-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2941286.10   | 0.12%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REVENUE             | CUSIP: 13057GAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12930000 | PA      | $13352789.02  | 0.56%             | 2033-06-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH EDUCTNL FACS REVENUE              | CUSIP: 13057KAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39770.44     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS REVENUE              | CUSIP: 130591BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $762167.07    | 0.03%             | 2044-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TDM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508350.80   | 0.06%             | 2051-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063D4D7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5364821.50   | 0.22%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063ECR5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6389622.53   | 0.27%             | 2049-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063EHV1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10477817.00  | 0.44%             | 2035-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063ERZ1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10702276.00  | 0.45%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XLF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  42215000 | PA      | $44872822.63  | 1.88%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XPV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5392884.00   | 0.23%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7980864.00   | 0.33%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XRR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5554768.44   | 0.23%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DEX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $18681449.40  | 0.78%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DMQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4620049.00   | 0.19%             | 2029-11-01      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DQH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8310894.30   | 0.35%             | 2029-11-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DQK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $5991646.28   | 0.25%             | 2031-11-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DWF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33815000 | PA      | $36973131.64  | 1.55%             | 2050-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                     | CALIFORNIA ST STWD FING AUTH TOBACCO SETTLEMENT              | CUSIP: 130923BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  91500000 | PA      | $6907234.35   | 0.29%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                     | CALIFORNIA ST STWD FING AUTH TOBACCO SETTLEMENT              | CUSIP: 130923BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20750000 | PA      | $1285885.80   | 0.05%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                              | CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REVENUE             | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16645254.00  | 0.70%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chabot-Las Positas Community College District                                | CHABOT-LAS POSITAS CA CMNTY CLG DIST                         | CUSIP: 15722TKU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14280000 | PA      | $15403349.05  | 0.65%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chaffey Joint Union High School District                                     | CHAFFEY CA JT UNION HIGH SCH DIST                            | CUSIP: 157411WG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3252051.17   | 0.14%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chaffey Community College District                                           | CHAFFEY CA CMNTY CLG DIST                                    | CUSIP: 157432LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8378958.75   | 0.35%             | 2049-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                        | THE CHILDRENS TRUST FUND PR TOBACCO SETTLEMENT REVENUE       | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  89730000 | PA      | $4273651.47   | 0.18%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citrus Community College District                                            | CITRUS CA CMNTY CLG DIST                                     | CUSIP: 17741RJP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1634035.56   | 0.07%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citrus Community College District                                            | CITRUS CA CMNTY CLG DIST                                     | CUSIP: 17741RJQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3840000 | PA      | $4173228.29   | 0.17%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                               | CLOVIS CA UNIF SCH DIST                                      | CUSIP: 189342V47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4665000 | PA      | $4934097.73   | 0.21%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coast Community College District                                             | COAST CA CMNTY CLG DIST                                      | CUSIP: 190335DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26425000 | PA      | $23287615.24  | 0.98%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                              | CUPERTINO CA UNION SCH DIST                                  | CUSIP: 231237T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1282610.45   | 0.05%             | 2044-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                              | CUPERTINO CA UNION SCH DIST                                  | CUSIP: 231237T99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4720000 | PA      | $5362683.70   | 0.22%             | 2050-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Del Mar Union School District                                                | DEL MAR CA UNION SCH DIST                                    | CUSIP: 245145GL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4280000 | PA      | $4292989.37   | 0.18%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp                       | DIST OF COLUMBIA TOBACCO SETTLEMENT FING CORP                | CUSIP: 254842BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $498052.83    | 0.02%             | 2046-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014D41<br>LEI: 549300IZZ5HKLDKRTF96 | Long             | DBT              | MUN               | US        |  32920000 | PA      | $33670793.27  | 1.41%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014J52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5242962.00   | 0.22%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014Q62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16054722.00  | 0.67%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014S86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $3125577.96   | 0.13%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014S94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1725283.89   | 0.07%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014T28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1496374.83   | 0.06%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014T36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21559342.00  | 0.90%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014T44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1979260.80   | 0.08%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4505000 | PA      | $5074136.47   | 0.21%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                           | Meta Platforms Inc                                           | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   5160000 | PA      | $5215924.96   | 0.22%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4785000 | PA      | $1555125.00   | 0.07%             | 2032-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6470000 | PA      | $2102750.00   | 0.09%             | 2059-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| Foothill-De Anza Community College District                                  | FOOTHILL-DE ANZA CA CMNTY CLGDIST                            | CUSIP: 345102QU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3347852.40   | 0.14%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-De Anza Community College District                                  | FOOTHILL-DE ANZA CA CMNTY CLGDIST                            | CUSIP: 345102QV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3487475.57   | 0.15%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-De Anza Community College District                                  | FOOTHILL-DE ANZA CA CMNTY CLGDIST                            | CUSIP: 345102QW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3306751.20   | 0.14%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremont Unified School District/Alameda County CA                            | FREMONT CA UNIF SCH DIST ALAMEDA CNTY                        | CUSIP: 357155DW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7565000 | PA      | $8400051.18   | 0.35%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fremont Union High School District                                           | FREMONT CA UNION HIGH SCH DIST SANTA CLARA CNTY              | CUSIP: 357172L94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22500000 | PA      | $22132064.25  | 0.93%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                     | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  95805000 | PA      | $10271637.27  | 0.43%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                     | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10440000 | PA      | $10453986.47  | 0.44%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Irrigation District Electric System Revenue                         | IMPERIAL CA IRR DIST ELEC REVENUE                            | CUSIP: 452650ML5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5775000 | PA      | $6173358.92   | 0.26%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Empire Tobacco Securitization Corp                                    | INLAND EMPIRE CA TOBACCO SECURITIZATION AUTH TOB SETTLEMENT  | CUSIP: 45734TAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34680000 | PA      | $2686239.97   | 0.11%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                             | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CMC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10943342.00  | 0.46%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                             | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CNM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11040351.00  | 0.46%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444456H7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  27500000 | PA      | $29442385.50  | 1.23%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444456J3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2782585.42   | 0.12%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444456K0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  13590000 | PA      | $14661193.70  | 0.61%             | 2051-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444457G8<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   8950000 | PA      | $9503701.60   | 0.40%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445C80<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  23500000 | PA      | $24579141.15  | 1.03%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445CY3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10106751.00  | 0.42%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445F46<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7412348.30   | 0.31%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445NP0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   5425000 | PA      | $5727369.97   | 0.24%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp of Los Angeles                                    | LOS ANGELES CA MUNI IMPT CORPLEASE REVENUE                   | CUSIP: 5445875V6<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16026358.50  | 0.67%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue   | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HKW5<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |   8945000 | PA      | $9695669.77   | 0.41%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Gatos Union School District/CA                                           | LOS GATOS CA UNION SCH DIST                                  | CUSIP: 545522RW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12275000 | PA      | $13090690.94  | 0.55%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lucia Mar Unified School District                                            | LUCIA MAR CA UNIF SCH DIST                                   | CUSIP: 54947THM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9630986.40   | 0.40%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Manteca Unified School District                                              | MANTECA CA UNIF SCH DIST                                     | CUSIP: 564538HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3946418.15   | 0.17%             | 2053-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TRQ6<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5189906.50   | 0.22%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TWN7<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   7095000 | PA      | $7589901.08   | 0.32%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Modesto Irrigation District                                                  | MODESTO CA IRR DIST FING AUTH ELEC SYS REVENUE               | CUSIP: 607767DG2<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |   6605000 | PA      | $7296236.37   | 0.31%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Modesto Irrigation District                                                  | MODESTO CA IRR DIST FING AUTH ELEC SYS REVENUE               | CUSIP: 607767DH0<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5433172.00   | 0.23%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Modesto CA Wastewater Revenue                                        | MODESTO CA WSTWTR REVENUE                                    | CUSIP: 607802DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $3732257.73   | 0.16%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mt San Antonio Community College District                                    | MOUNT SAN ANTONIO CA CMNTY CLG DIST                          | CUSIP: 623040QK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21250000 | PA      | $22948948.13  | 0.96%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Unified School District/CA                                            | NEWARK CA UNIF SCH DIST                                      | CUSIP: 650264WP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3928099.48   | 0.16%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oceanside Unified School District/CA                                         | OCEANSIDE CA UNIF SCH DIST                                   | CUSIP: 675383B93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2391975.40   | 0.10%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohlone Community College District                                            | OHLONE CA CMNTY CLG DIST                                     | CUSIP: 677765EP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9998004.00   | 0.42%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohlone Community College District                                            | OHLONE CA CMNTY CLG DIST                                     | CUSIP: 677765FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10997804.40  | 0.46%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PF67<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12555634.80  | 0.53%             | 2049-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    828921 | PA      | $879731.12    | 0.04%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    805123 | PA      | $886358.62    | 0.04%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1723019 | PA      | $1709833.25   | 0.07%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1478808 | PA      | $1420073.44   | 0.06%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    431213 | PA      | $398217.06    | 0.02%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2091008 | PA      | $1857623.49   | 0.08%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2466841 | PA      | $1775604.52   | 0.07%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  34471899 | PA      | $20079881.06  | 0.84%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YAA3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3765000 | PA      | $2503725.00   | 0.10%             | 2031-07-01      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YAF2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2136512 | PA      | $1420780.48   | 0.06%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YAG0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2136512 | PA      | $1420780.48   | 0.06%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YBV6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    925000 | PA      | $615125.00    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YCT0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $854525.00    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YCW3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    990000 | PA      | $658350.00    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDV4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    645000 | PA      | $428925.00    | 0.02%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDW2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   6540000 | PA      | $4349100.00   | 0.18%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDY8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    955000 | PA      | $635075.00    | 0.03%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEA9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    530000 | PA      | $352450.00    | 0.01%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YED3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    885000 | PA      | $588525.00    | 0.02%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    745000 | PA      | $495425.00    | 0.02%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEF8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    400000 | PA      | $266000.00    | 0.01%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEJ0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    875000 | PA      | $581875.00    | 0.02%             | 2024-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEK7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   5869948 | PA      | $3903515.42   | 0.16%             | 2018-01-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEL5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    593452 | PA      | $394645.58    | 0.02%             | 2020-01-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEM3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   5870898 | PA      | $3904147.17   | 0.16%             | 2018-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEN1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    593452 | PA      | $394645.58    | 0.02%             | 2020-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEP6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $874475.00    | 0.04%             | 2017-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEQ4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $768075.00    | 0.03%             | 2018-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YER2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    935000 | PA      | $621775.00    | 0.03%             | 2019-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEU5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $778050.00    | 0.03%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEV3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    555000 | PA      | $369075.00    | 0.02%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFC4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4060000 | PA      | $2699900.00   | 0.11%             | 2040-07-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFD2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   7630000 | PA      | $5073950.00   | 0.21%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFE0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $1482950.00   | 0.06%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFG5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    955000 | PA      | $635075.00    | 0.03%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFM2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4342283 | PA      | $2887618.20   | 0.12%             | 2020-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFN0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    395000 | PA      | $262675.00    | 0.01%             | 2017-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFP5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    355000 | PA      | $236075.00    | 0.01%             | 2018-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFQ3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3175000 | PA      | $2111375.00   | 0.09%             | 2049-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15728000 | PA      | $14938849.17  | 0.63%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1117000 | PA      | $988990.01    | 0.04%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3239000 | PA      | $2454018.31   | 0.10%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23633000 | PA      | $8017490.52   | 0.34%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5761000 | PA      | $1919140.61   | 0.08%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    114000 | PA      | $103743.39    | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12102000 | PA      | $11397284.81  | 0.48%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Sacramento Area Flood Control Agency                                         | SACRAMENTO CA AREA FLOOD CONTROL AGY                         | CUSIP: 785840JP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8102248.00   | 0.34%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City Unified School District/CA                                   | SACRAMENTO CITY CA UNIF SCH DIST                             | CUSIP: 785870R32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4220853.20   | 0.18%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                        | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005C97<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20819178.00  | 0.87%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA Transient Occupancy Tax Revenue                        | SACRAMENTO CA TRANSIENT OCCUPAPANCY TAX REVENUE              | CUSIP: 786073AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10220211.00  | 0.43%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | SACRAMENTO CNTY CA ARPT SYS REVENUE                          | CUSIP: 786107UZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $3650271.01   | 0.15%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | SACRAMENTO CNTY CA ARPT SYS REVENUE                          | CUSIP: 786107VA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30110000 | PA      | $32487693.36  | 1.36%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sacramento County Water Financing Authority                                  | SACRAMENTO CNTY CA WTR FING AUTH REVENUE                     | CUSIP: 78615REU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9005000 | PA      | $9627035.68   | 0.40%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salinas Union High School District                                           | SALINAS CA UNION HIGH SCH DIST                               | CUSIP: 794896GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9410000 | PA      | $10161353.68  | 0.43%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino Community College District                                    | SAN BERNARDINO CA CMNTY CLG DIST                             | CUSIP: 796720QY9<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |  15640000 | PA      | $16351996.92  | 0.69%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                         | SAN DIEGO CA CMNTY CLG DIST                                  | CUSIP: 797272TE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9425000 | PA      | $10107991.11  | 0.42%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH LEASE REVENUE             | CUSIP: 797299QV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1867328.58   | 0.08%             | 2049-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH LEASE REVENUE             | CUSIP: 797299SA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16238830.50  | 0.68%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH LEASE REVENUE             | CUSIP: 797299SB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23955000 | PA      | $25541070.13  | 1.07%             | 2050-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH SWR REVENUE               | CUSIP: 79730AKX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6625000 | PA      | $7029641.75   | 0.29%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE               | CUSIP: 79730CHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8735000 | PA      | $8825187.13   | 0.37%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE               | CUSIP: 79730CJB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037582.40   | 0.04%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE               | CUSIP: 79730CLM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6934172.16   | 0.29%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                         | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973555Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10171668.00  | 0.43%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                         | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356JN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17935000 | PA      | $19163626.41  | 0.80%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                         | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356JX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5990000 | PA      | $6400341.36   | 0.27%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                         | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356TV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14655000 | PA      | $15686051.06  | 0.66%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GGP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2254801.05   | 0.09%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GNX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6604207.35   | 0.28%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GRK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15750000 | PA      | $16290078.53  | 0.68%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GTD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13182781.25  | 0.55%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Transportation Commission                          | SAN DIEGO CNTY CA REGL TRANSPRTN COMMISSION SALES TAX REV    | CUSIP: 797400KW7<br>LEI: W4FR340A6EQ2SSI17B56 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10556023.80  | 0.44%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661C86<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |  11805000 | PA      | $12673360.45  | 0.53%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661WR2<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4071705.20   | 0.17%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  36820000 | PA      | $36850100.35  | 1.54%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DLF4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  16440000 | PA      | $16657386.12  | 0.70%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DLH0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3962418.72   | 0.17%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DLY3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10350000 | PA      | $10798617.65  | 0.45%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DRK7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  35700000 | PA      | $35836138.38  | 1.50%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DRV3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4187650.00   | 0.18%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue   | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27880000 | PA      | $27558677.42  | 1.16%             | 2026-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue   | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HJN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16710000 | PA      | $16979766.24  | 0.71%             | 2027-10-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue   | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HKN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3554963.81   | 0.15%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue           | SAN FRANCISCO CA CITY & CNTY PUB UTILS COMMN WTR REVENUE     | CUSIP: 79771FCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2168788.60   | 0.09%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue           | SAN FRANCISCO CA CITY & CNTY PUB UTILS COMMN WTR REVENUE     | CUSIP: 79771FLJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30775000 | PA      | $32745153.95  | 1.37%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                    | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE    | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9118075.20   | 0.38%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of San Jose CA                                                          | SAN JOSE CA                                                  | CUSIP: 798135P94<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   5810000 | PA      | $6337106.44   | 0.27%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Jose CA                                                          | SAN JOSE CA                                                  | CUSIP: 798135Q28<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   8920000 | PA      | $9696490.46   | 0.41%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Jose CA                                                          | SAN JOSE CA                                                  | CUSIP: 798135Q36<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   7535000 | PA      | $8127961.55   | 0.34%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Jose CA                                                          | SAN JOSE CA                                                  | CUSIP: 798135Q44<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   7705000 | PA      | $8287071.91   | 0.35%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Financing Authority                                                 | SAN JOSE CA FING AUTH WSTWTR REVENUE                         | CUSIP: 79816NAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142461.80   | 0.09%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                             | SAN JOSE CA UNIF SCH DIST SANTA CLARA CNTY                   | CUSIP: 798186VQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $21708662.50  | 0.91%             | 2031-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Leandro Unified School District                                          | SAN LEANDRO CA UNIF SCH DIST                                 | CUSIP: 798458WA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8335000 | PA      | $8880984.18   | 0.37%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Luis Coastal Unified School District                                     | SAN LUIS COASTAL CA UNIF SCH DIST                            | CUSIP: 798546FA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5775000 | PA      | $6097880.83   | 0.26%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                   | SAN LUIS OBISPO CNTY CA FING AUTH LEASE REVENUE              | CUSIP: 798712DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5165000 | PA      | $5674138.84   | 0.24%             | 2047-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Marcos Unified School District                                           | SAN MARCOS CA UNIF SCH DIST                                  | CUSIP: 798755HX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13250000 | PA      | $14461693.95  | 0.61%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                  | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038NA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34000000 | PA      | $35176542.80  | 1.47%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City School District/CA                                     | SAN MATEO CA FOSTER CITY SCH DIST                            | CUSIP: 799055VK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2619732.16   | 0.11%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City School District/CA                                     | SAN MATEO CA FOSTER CITY SCH DIST                            | CUSIP: 799055VP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12233189.40  | 0.51%             | 2051-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City Public Financing Authority                             | SAN MATEO FOSTER CITY CA PUBLIC FING AUTH                    | CUSIP: 799056AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3968524.00   | 0.17%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Unified School District                                          | SANTA CLARA CA UNIF SCH DIST                                 | CUSIP: 8014953C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10200723.00  | 0.43%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara County Financing Authority                                       | SANTA CLARA CNTY CA FING AUTH                                | CUSIP: 801577NK9<br>LEI: 549300A73O1Q5POHAT69 | Long             | DBT              | MUN               | US        |  15565000 | PA      | $15257913.45  | 0.64%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita Community College District                                     | SANTA CLARITA CA CMNTY CLG DIST                              | CUSIP: 801686UM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8545000 | PA      | $9197594.47   | 0.39%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                  | SANTA MONICA-MALIBU CA UNIF SCH DIST                         | CUSIP: 802498K53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15875589.00  | 0.67%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Rosa High School District                                              | SANTA ROSA CA HIGH SCH DIST                                  | CUSIP: 802615S39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7490000 | PA      | $8115841.93   | 0.34%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tamalpais Union High School District                                         | TAMALPAIS CA UNION HIGH SCH DIST                             | CUSIP: 874857LQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13420000 | PA      | $13522252.35  | 0.57%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tamalpais Union High School District                                         | TAMALPAIS CA UNION HIGH SCH DIST                             | CUSIP: 874857LR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10050134.00  | 0.42%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tamalpais Union High School District                                         | TAMALPAIS CA UNION HIGH SCH DIST                             | CUSIP: 874857LS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7965000 | PA      | $7989901.78   | 0.33%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tamalpais Union High School District                                         | TAMALPAIS CA UNION HIGH SCH DIST                             | CUSIP: 874857LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9598560.60   | 0.40%             | 2049-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Tamalpais Union High School District                                         | TAMALPAIS CA UNION HIGH SCH DIST                             | CUSIP: 874857LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12095106.00  | 0.51%             | 2050-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                      | TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE | CUSIP: 888804CR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8055000 | PA      | $8067718.04   | 0.34%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tracy Unified School District School Facilities Improvement District No 3    | TRACY CA UNIF SCH DIST SCH FACS IMPT DIST #3                 | CUSIP: 892406EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2834719.56   | 0.12%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bills                                          | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  50000000 | PA      | $49983875.00  | 2.09%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bills                                          | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  50000000 | PA      | $49945625.00  | 2.09%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue        | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KS8<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |  24880000 | PA      | $26090543.86  | 1.09%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HVY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1220305.02   | 0.05%             | 2053-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Victor Valley Union High School District                                     | VICTOR VLY CA UNION HIGH SCH DIST                            | CUSIP: 926055KV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2440791.23   | 0.10%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Victor Valley Union High School District                                     | VICTOR VLY CA UNION HIGH SCH DIST                            | CUSIP: 926055LH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2440791.23   | 0.10%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Valley-Mission Community College District                               | W VLY-MISSION CA CMNTY CLG DIST                              | CUSIP: 95640HEX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9978738.00   | 0.42%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Valley-Mission Community College District                               | W VLY-MISSION CA CMNTY CLG DIST                              | CUSIP: 95640HJL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18345000 | PA      | $18417095.85  | 0.77%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Valley-Mission Community College District                               | W VLY-MISSION CA CMNTY CLG DIST                              | CUSIP: 95640HKJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5335302.50   | 0.22%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Valley-Mission Community College District                               | W VLY-MISSION CA CMNTY CLG DIST                              | CUSIP: 95640HKK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15046630.50  | 0.63%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                    | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  36804544 | NS      | $36808224.37  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** BlackRock California Municipal Series Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer