# EDGAR Filing Document

**Accession Number:** 0000765199
**File Stem:** 0001752724-25-177723
**Filing Date:** 2025-7
**Character Count:** 116966
**Document Hash:** 733c284b41bde46d97518ebd68e05210
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177723.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177723

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250531

**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:** 251149292

**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:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2342756151.86

**Total Liabilities:** $17581843.88

**Net Assets:** $2325174307.98

**Delayed Delivery Securities:** $8178975.40

**Cash Not Reported:** $14456192.29

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 315.83000000 | **1-Year:** 65413.79000000 | **5-Year:** 588404.30000000 | **10-Year:** 491418.67000000 | **30-Year:** 416915.52000000

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

- **3-Month:** 91.26000000 | **1-Year:** 0.00000000 | **5-Year:** 14113.48000000 | **10-Year:** 79027.41000000 | **30-Year:** 116803.97000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038561 | -0.97%               | -1.22%               | -0.14%               |
| Class ID C000011299 | -0.95%               | -1.21%               | -0.13%               |
| Class ID C000038562 | -1.03%               | -1.28%               | -0.21%               |
| Class ID C000199773 | -0.94%               | -1.20%               | -0.12%               |
| Class ID C000011302 | -0.95%               | -1.20%               | -0.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-722211.10              | $-29500774.62                              |
| Month 2  | $-4245683.46             | $-29652779.14                              |
| Month 3  | $-2891632.93             | $-8150741.15                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| San Mateo Foster City Public Financing Authority                             | SAN MATEO FOSTER CITY CA PUBLIC FING AUTH                    | CUSIP: 799056AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2097450.79   | 0.09%             | 2048-05-01      | Fixed         | 4.00%                 | 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        |   4820000 | PA      | $5013554.96   | 0.22%             | 2048-08-01      | Fixed         | 5.25%                 | 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      | $1817491.74   | 0.08%             | 2046-07-01      | 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        |  20000000 | PA      | $21203318.80  | 0.91%             | 2055-12-01      | 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        |  64235000 | PA      | $68124199.29  | 2.93%             | 2055-02-01      | Floating      | 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      | $8210509.88   | 0.35%             | 2049-06-01      | Fixed         | 5.50%                 | 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      | $4030663.44   | 0.17%             | 2047-08-01      | Fixed         | 5.00%                 | 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      | $286340.59    | 0.01%             | 2020-07-01      | Fixed         | 5.40%                 | 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: 79766DRZ4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4850000 | PA      | $4786653.47   | 0.21%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                              | CUPERTINO CA UNION SCH DIST                                  | CUSIP: 231237T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1245933.71   | 0.05%             | 2044-08-01      | Fixed         | 5.75%                 | 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        |  27410000 | PA      | $25103331.19  | 1.08%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DWD7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10140000 | PA      | $9954752.64   | 0.43%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manhattan Beach Unified School District                                      | MANHATTAN BEACH CA UNIF SCH DIST                             | CUSIP: 562785PH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5382732.55   | 0.23%             | 2045-09-01      | 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        |  11000000 | PA      | $10383172.69  | 0.45%             | 2045-05-01      | Fixed         | 4.00%                 | 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      | $1353399.36   | 0.06%             | 2048-08-01      | Fixed         | 5.00%                 | 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      | $12682127.33  | 0.55%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                           | ONTARIO PUB FING AUTH LEASE REVENUE                          | CUSIP: 68304REF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1175251.03   | 0.05%             | 2043-11-01      | Fixed         | 5.00%                 | 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      | $98916.59     | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | 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      | $1030867.04   | 0.04%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  35705000 | PA      | $37464256.76  | 1.61%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063DP44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3632057.24   | 0.16%             | 2047-04-01      | Fixed         | 5.00%                 | 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      | $446312.50    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  16600000 | PA      | $16600400.06  | 0.71%             | 2044-12-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue   | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HET1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8089819.83   | 0.35%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014D66<br>LEI: 549300IZZ5HKLDKRTF96 | Long             | DBT              | MUN               | US        |   4885000 | PA      | $4727693.62   | 0.20%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                             | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CJY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10113528.40  | 0.43%             | 2048-06-01      | Fixed         | 5.00%                 | 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      | $5293091.60   | 0.23%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UNY0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3795000 | PA      | $3763366.51   | 0.16%             | 2048-11-15      | Fixed         | 5.00%                 | 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      | $1075975.00   | 0.05%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District                                             | STOCKTON CA UNIF SCH DIST                                    | CUSIP: 861419H36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2203834.27   | 0.09%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elk Grove Unified School District                                            | ELK GROVE CA UNIF SCH DIST SPL TAX                           | CUSIP: 287290MT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7564541.04   | 0.33%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mammoth Unified School District/CA                                           | MAMMOTH CA UNIF SCH DIST                                     | CUSIP: 561545JG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3298528.82   | 0.14%             | 2049-08-01      | Fixed         | 5.00%                 | 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      | $3134102.33   | 0.13%             | 2029-10-01      | Fixed         | 1.60%                 | 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      | $27118111.53  | 1.17%             | 2026-10-01      | Fixed         | 1.00%                 | 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      | $33647353.24  | 1.45%             | 2042-06-01      | Fixed         | 5.00%                 | 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        |  18575000 | PA      | $18720317.05  | 0.81%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Desert Community College District                                            | DESERT CMNTY CLG DIST CA                                     | CUSIP: 250375HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11655000 | PA      | $11571138.08  | 0.50%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  14420000 | PA      | $15627054.51  | 0.67%             | 2054-10-01      | Floating      | 5.50%                 | 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      | $1443861.83   | 0.06%             | 2045-06-01      | 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: 79768HKN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075249.64   | 0.09%             | 2049-10-01      | Fixed         | 5.00%                 | 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      | $422187.50    | 0.02%             | 2024-07-01      | Fixed         | 5.38%                 | 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        |  19020000 | PA      | $19431645.30  | 0.84%             | 2056-01-01      | Floating      | 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      | $9451750.95   | 0.41%             | 2047-08-01      | Fixed         | 5.25%                 | 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        |  10060000 | PA      | $10628037.90  | 0.46%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032URN0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7268971.52   | 0.31%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Orange County Community College District/CA                            | N ORANGE CNTY CA CMNTY CLG DIST                              | CUSIP: 661334FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3426093.85   | 0.15%             | 2044-08-01      | Fixed         | 4.00%                 | 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        |   1725000 | PA      | $1866971.90   | 0.08%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Diablo Unified School District/CA                                      | MOUNT DIABLO CA UNIF SCH DIST                                | CUSIP: 621196U69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $976565.14    | 0.04%             | 2042-08-01      | Fixed         | 5.00%                 | 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      | $9416735.80   | 0.40%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                             | SAN JOSE CA UNIF SCH DIST SANTA CLARA CNTY                   | CUSIP: 798186N24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4013294.08   | 0.17%             | 2042-08-01      | Fixed         | 4.00%                 | 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      | $14330661.73  | 0.62%             | 2053-07-01      | Fixed         | 4.75%                 | 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        |  22000000 | PA      | $23207087.86  | 1.00%             | 2050-06-01      | Fixed         | 5.00%                 | 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      | $10667758.42  | 0.46%             | 2041-08-01      | Fixed         | 4.00%                 | 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        |   7000000 | PA      | $7206694.18   | 0.31%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                           | LONG BEACH CA UNIF SCH DIST                                  | CUSIP: 542433UY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4860499.55   | 0.21%             | 2040-08-01      | Fixed         | 4.00%                 | 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        |   9740000 | PA      | $9691658.14   | 0.42%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE               | CUSIP: 79730CJB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016300.35   | 0.04%             | 2043-08-01      | 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        |  30050000 | PA      | $31464744.99  | 1.35%             | 2049-07-01      | Fixed         | 5.25%                 | 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      | $796550.31    | 0.03%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DQH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8027907.03   | 0.35%             | 2029-11-01      | Fixed         | 1.67%                 | 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        |  11490000 | PA      | $5543925.00   | 0.24%             | 2040-07-01      | Fixed         | 5.25%                 | 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        |  31500000 | PA      | $32393517.35  | 1.39%             | 2055-11-01      | Floating      | 5.00%                 | 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      | $11371490.52  | 0.49%             | 2050-08-01      | Fixed         | 4.13%                 | 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      | $5206063.61   | 0.22%             | 2055-06-01      | None          | 0.00%                 | 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      | $3681475.00   | 0.16%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Elk Grove Unified School District                                            | ELK GROVE CA UNIF SCH DIST                                   | CUSIP: 287281YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6375000 | PA      | $5943728.38   | 0.26%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                              | CUPERTINO CA UNION SCH DIST                                  | CUSIP: 231237T99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4720000 | PA      | $5244932.91   | 0.23%             | 2050-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    805123 | PA      | $864241.97    | 0.04%             | 2031-07-01      | Fixed         | 5.75%                 | 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      | $634487.50    | 0.03%             | 2017-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mount San Antonio Community College District                                 | MOUNT SAN ANTONIO CA CMNTY CLG DIST                          | CUSIP: 623040PW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2786019.13   | 0.12%             | 2043-08-01      | Fixed         | 4.00%                 | 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      | $3155550.00   | 0.14%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063EHV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14926112.40  | 0.64%             | 2035-09-01      | Fixed         | 5.10%                 | 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      | $255725.00    | 0.01%             | 2029-07-01      | Fixed         | 5.25%                 | 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      | $39862.52     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue           | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RJ67<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $19603598.00  | 0.84%             | 2039-11-01      | Fixed         | 4.00%                 | 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      | $10716466.80  | 0.46%             | 2044-06-01      | Fixed         | 6.20%                 | 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      | $620012.50    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                 | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743LC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2838650.14   | 0.12%             | 2048-08-01      | Fixed         | 5.00%                 | 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        |  17000000 | PA      | $16608173.29  | 0.71%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District                                             | STOCKTON CA UNIF SCH DIST                                    | CUSIP: 861419H28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1584845.70   | 0.07%             | 2044-08-01      | 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        |   1045000 | PA      | $1056275.02   | 0.05%             | 2030-05-01      | Fixed         | 4.65%                 | 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      | $10032073.20  | 0.43%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bills                                          | CUSIP: 912797NP8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  50000000 | PA      | $49982287.50  | 2.15%             | 2025-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YFW0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2945000 | PA      | $1420962.50   | 0.06%             | 2019-07-01      | Fixed         | 5.25%                 | 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        |    840000 | PA      | $871026.59    | 0.04%             | 2032-07-01      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                        | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005C89<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |  20200000 | PA      | $18607237.27  | 0.80%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hacienda La Puente Unified School District/CA                                | HACIENDA LA PUENTE CA UNIF SCH DIST                          | CUSIP: 40450RFB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4911520.71   | 0.21%             | 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: 79766DLF4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  16440000 | PA      | $16446019.18  | 0.71%             | 2043-05-01      | Fixed         | 5.00%                 | 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        |  21065000 | PA      | $22321328.82  | 0.96%             | 2055-02-01      | Floating      | 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      | $3784650.88   | 0.16%             | 2045-05-01      | Fixed         | 4.00%                 | 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      | $9476706.57   | 0.41%             | 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: 271014V66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2705755.63   | 0.12%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elk Grove Unified School District                                            | ELK GROVE CA UNIF SCH DIST                                   | CUSIP: 287281WG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9317091.40   | 0.40%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Wastewater System Revenue                | E BAY CA MUNI UTILITY DIST WSTWTR SYS REVENUE                | CUSIP: 271012HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4340000 | PA      | $4549431.69   | 0.20%             | 2050-06-01      | Fixed         | 5.00%                 | 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      | $286340.59    | 0.01%             | 2020-01-01      | Fixed         | 5.40%                 | 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      | $9893966.70   | 0.43%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mount San Jacinto Community College District                                 | MOUNT SAN JACINTO CA CMNTY CLG DIST                          | CUSIP: 623053BV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1991784.21   | 0.09%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue   | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HKW5<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |   8945000 | PA      | $9536367.64   | 0.41%             | 2042-07-01      | Fixed         | 5.00%                 | 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      | $460787.50    | 0.02%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                 | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743LZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1373610.60   | 0.06%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  36231308 | PA      | $18632458.23  | 0.80%             | 2051-11-01      | Variable      | 0.00%                 | 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      | $9697958.40   | 0.42%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1450654.37   | 0.06%             | 2044-06-01      | 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      | $4080310.36   | 0.18%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Unified School District                                          | SANTA CLARA CA UNIF SCH DIST                                 | CUSIP: 801495P63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4765809.25   | 0.20%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Novato Unified School District/CA                                            | NOVATO CA UNIF SCH DIST                                      | CUSIP: 669878FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6150000 | PA      | $5920976.89   | 0.25%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DLY3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10350000 | PA      | $10563416.59  | 0.45%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Community College District                            | SAN LUIS OBISPO CNTY CA CMNTY CLG DIST                       | CUSIP: 798684DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5485000 | PA      | $5244354.18   | 0.23%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12102000 | PA      | $10893087.05  | 0.47%             | 2058-07-01      | Fixed         | 4.78%                 | 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      | $2807400.51   | 0.12%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDJ1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1037375.00   | 0.04%             | 2022-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DQK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $5711683.34   | 0.25%             | 2031-11-01      | Fixed         | 1.85%                 | 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        |  30525000 | PA      | $30316889.71  | 1.30%             | 2046-05-01      | Fixed         | 5.00%                 | 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        |  55395000 | PA      | $57940295.00  | 2.49%             | 2054-02-01      | Floating      | 5.00%                 | 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      | $2832249.91   | 0.12%             | 2018-01-01      | Fixed         | 5.40%                 | 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      | $1531937.50   | 0.07%             | 2049-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Peralta Community College District                                           | PERALTA CA CMNTY CLG DIST                                    | CUSIP: 713575YY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6105000 | PA      | $6361600.29   | 0.27%             | 2050-08-01      | Fixed         | 5.00%                 | 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      | $5298950.41   | 0.23%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fremont Union High School District                                           | FREMONT CA UNION HIGH SCH DIST SANTA CLARA CNTY              | CUSIP: 357172YL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6025000 | PA      | $5750808.52   | 0.25%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445CY3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10040631.90  | 0.43%             | 2042-05-15      | Fixed         | 5.00%                 | 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      | $13108308.32  | 0.56%             | 2033-06-01      | Fixed         | 8.25%                 | 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      | $3132903.81   | 0.13%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  47375000 | PA      | $48667934.34  | 2.09%             | 2055-01-01      | Floating      | 5.00%                 | 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        |   4930000 | PA      | $4734049.11   | 0.20%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bills                                          | CUSIP: 912797PG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  50000000 | PA      | $49653580.00  | 2.14%             | 2025-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YEW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2805000 | PA      | $1353412.50   | 0.06%             | 2028-07-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2497444.53   | 0.11%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gilroy Unified School District                                               | GILROY CA UNIF SCH DIST                                      | CUSIP: 376087ES7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1279806.81   | 0.06%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | CALIFORNIA PUBLIC FIN AUTH REVENUE                           | CUSIP: 13057EFN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6230000 | PA      | $6428757.12   | 0.28%             | 2046-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445ER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10010000 | PA      | $9946077.34   | 0.43%             | 2044-05-15      | Fixed         | 5.00%                 | 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      | $427012.50    | 0.02%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445F46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7232311.31   | 0.31%             | 2047-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5235000 | PA      | $5581764.83   | 0.24%             | 2056-01-01      | Floating      | 5.00%                 | 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      | $2272515.15   | 0.10%             | 2033-07-01      | None          | 0.00%                 | 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      | $4064284.26   | 0.17%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hayward CA Sewer Revenue                                             | HAYWARD CA WSTWTR REVENUE                                    | CUSIP: 421296AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5925000 | PA      | $5490279.25   | 0.24%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pasadena CA                                                          | PASADENA CA                                                  | CUSIP: 70218GAX3<br>LEI: 5493007ZF3ZMBUWLWB58 | Long             | DBT              | MUN               | US        |   3880000 | PA      | $4127418.68   | 0.18%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DRK7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  35700000 | PA      | $35346826.68  | 1.52%             | 2047-05-01      | 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        |  10000000 | PA      | $10326387.00  | 0.44%             | 2053-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1478808 | PA      | $1359879.55   | 0.06%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A2N9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9578199.80   | 0.41%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Elk Grove Unified School District                                            | ELK GROVE CA UNIF SCH DIST                                   | CUSIP: 287281YY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8600000 | PA      | $7981566.00   | 0.34%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445RF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4977805.35   | 0.21%             | 2045-05-15      | Fixed         | 5.00%                 | 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      | $1958950.00   | 0.08%             | 2040-07-01      | Fixed         | 6.13%                 | 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      | $950542.78    | 0.04%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mammoth Unified School District/CA                                           | MAMMOTH CA UNIF SCH DIST                                     | CUSIP: 561545JC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1243908.52   | 0.05%             | 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      | $8150774.97   | 0.35%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014V82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069472.89   | 0.05%             | 2045-06-01      | Fixed         | 5.00%                 | 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      | $564525.00    | 0.02%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063ELM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7309302.70   | 0.31%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TRP8<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1583217.10   | 0.07%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YCY9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4130000 | PA      | $1992725.00   | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445NP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5425000 | PA      | $5586460.31   | 0.24%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                  | SANTA MONICA-MALIBU CA UNIF SCH DIST                         | CUSIP: 802498XH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1209364.45   | 0.05%             | 2041-08-01      | Fixed         | 4.00%                 | 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      | $460787.50    | 0.02%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | UNIV OF CALIFORNIA REVENUES                                  | CUSIP: 91412GX83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10287913.50  | 0.44%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mammoth Unified School District/CA                                           | MAMMOTH CA UNIF SCH DIST                                     | CUSIP: 561545JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2856950.26   | 0.12%             | 2047-08-01      | Fixed         | 5.00%                 | 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      | $2876611.88   | 0.12%             | 2060-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DEX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $18434620.44  | 0.79%             | 2043-11-01      | 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      | $311212.50    | 0.01%             | 2027-07-01      | 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: 79766DLH0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3907968.87   | 0.17%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                           | ONTARIO PUB FING AUTH LEASE REVENUE                          | CUSIP: 68304REG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042777.25   | 0.04%             | 2044-11-01      | Fixed         | 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        |   5105000 | PA      | $5446993.19   | 0.23%             | 2048-08-01      | Fixed         | 5.25%                 | 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      | $6243430.19   | 0.27%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    828921 | PA      | $869745.38    | 0.04%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDM4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $960175.00    | 0.04%             | 2024-07-01      | Fixed         | 5.25%                 | 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        |   4780000 | PA      | $4836801.17   | 0.21%             | 2048-06-01      | 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      | $12827172.71  | 0.55%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2010610 | PA      | $1722148.08   | 0.07%             | 2041-07-01      | Fixed         | 4.00%                 | 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      | $171287.50    | 0.01%             | 2018-07-01      | None          | 0.00%                 | 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      | $20924255.25  | 0.90%             | 2031-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mount San Antonio Community College District                                 | MOUNT SAN ANTONIO CA CMNTY CLG DIST                          | CUSIP: 623040KE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9285649.90   | 0.40%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE             | CUSIP: 13048RAK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  19600000 | PA      | $19608128.71  | 0.84%             | 2051-07-01      | Floating      | 4.15%                 | 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      | $190587.50    | 0.01%             | 2017-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2091008 | PA      | $1710163.51   | 0.07%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                            | SAN FRANCISCO CITY & CNTY CA COPS                            | CUSIP: 79765D2L3<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4624111.55   | 0.20%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin County Transportation Authority Measure K Sales Tax Revenue      | SAN JOAQUIN CNTY CA TRANSPRTN AUTH SALES TAX REVENUE         | CUSIP: 798110CQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4355000 | PA      | $4243306.10   | 0.18%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gavilan Joint Community College District                                     | GAVILAN CA JT CMNTY CLG DIST                                 | CUSIP: 368079LD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16700000 | PA      | $17266100.61  | 0.74%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YCS2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    480000 | PA      | $231600.00    | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                    | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        | 172183199 | NS      | $172200417.59 | 7.41%             |  |  |  | No            |                  1 | 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        |  10000000 | PA      | $9578688.00   | 0.41%             | 2047-08-01      | Fixed         | 4.00%                 | 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        |  20500000 | PA      | $20627788.80  | 0.89%             | 2041-04-01      | Fixed         | 5.00%                 | 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      | $691525.47    | 0.03%             | 2039-08-01      | Fixed         | 5.00%                 | 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        |   6000000 | PA      | $6139712.22   | 0.26%             | 2045-09-01      | 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      | $22460088.62  | 0.97%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE               | CUSIP: 79730CKP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4753857.40   | 0.20%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita Community College District                                     | SANTA CLARITA CA CMNTY CLG DIST                              | CUSIP: 801686PV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9690233.60   | 0.42%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue   | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HCG1<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |  17010000 | PA      | $16174590.42  | 0.70%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445C80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15500000 | PA      | $15697937.48  | 0.68%             | 2047-05-15      | Fixed         | 5.25%                 | 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      | $8959425.11   | 0.39%             | 2049-08-01      | Fixed         | 4.13%                 | 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      | $16821776.87  | 0.72%             | 2027-10-01      | Fixed         | 4.66%                 | 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      | $6026446.38   | 0.26%             | 2047-08-01      | Fixed         | 5.00%                 | 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        |  28433000 | PA      | $8948771.54   | 0.38%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XDE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4777321.65   | 0.21%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue        | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40115000 | PA      | $40983248.26  | 1.76%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063ECR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6239583.52   | 0.27%             | 2049-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                           | ONTARIO PUB FING AUTH LEASE REVENUE                          | CUSIP: 68304REJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6380000 | PA      | $6525790.53   | 0.28%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE               | CUSIP: 79730CHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8735000 | PA      | $8900794.49   | 0.38%             | 2039-08-01      | Fixed         | 5.00%                 | 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      | $7896640.23   | 0.34%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                         | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973558V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3494088.08   | 0.15%             | 2044-07-01      | Fixed         | 4.00%                 | 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      | $267787.50    | 0.01%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UQR2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  11105000 | PA      | $10831230.77  | 0.47%             | 2040-11-15      | Fixed         | 4.00%                 | 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      | $8072848.48   | 0.35%             | 2041-10-01      | Fixed         | 5.00%                 | 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      | $21364734.60  | 0.92%             | 2048-08-01      | Fixed         | 4.00%                 | 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      | $15870657.30  | 0.68%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | SAN DIEGO CA PUBLIC FACS FING AUTH SWR REVENUE               | CUSIP: 79730AKY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2162443.88   | 0.09%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UA81<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   6810000 | PA      | $6587652.00   | 0.28%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDZ5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4690000 | PA      | $2262925.00   | 0.10%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fremont Union High School District                                           | FREMONT CA UNION HIGH SCH DIST SANTA CLARA CNTY              | CUSIP: 357172WJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5384586.87   | 0.23%             | 2040-08-01      | 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        |   7950000 | PA      | $7418428.66   | 0.32%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661ZV0<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |  10295000 | PA      | $9820462.48   | 0.42%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Burlingame School District                                                   | BURLINGAME CA ELEM SCH DIST                                  | CUSIP: 121457HW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8540257.23   | 0.37%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita Community College District                                     | SANTA CLARITA CA CMNTY CLG DIST                              | CUSIP: 801686RM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5562349.84   | 0.24%             | 2042-08-01      | 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      | $533797.39    | 0.02%             | 2046-06-15      | None          | 0.00%                 | 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      | $15753818.75  | 0.68%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445F79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9680876.30   | 0.42%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                 | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743MB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1802368.88   | 0.08%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                        | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005K56<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5234212.50   | 0.23%             | 2049-11-15      | Fixed         | 5.00%                 | 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      | $451137.50    | 0.02%             | 2019-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PF67<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12328382.28  | 0.53%             | 2049-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5485000 | PA      | $5740355.99   | 0.25%             | 2032-07-15      | Floating      | 12.00%                | 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      | $1371600.00   | 0.06%             | 2055-06-01      | 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      | $6627918.01   | 0.29%             | 2059-07-15      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  69350000 | PA      | $66925019.83  | 2.88%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Modesto High School District                                                 | MODESTO CA HIGH SCH DIST STANISLAUS CNTY                     | CUSIP: 607743MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050678.86   | 0.05%             | 2045-08-01      | 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        |  10000000 | PA      | $10922461.70  | 0.47%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Hayward CA Sewer Revenue                                             | HAYWARD CA WSTWTR REVENUE                                    | CUSIP: 421296AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4175000 | PA      | $3892205.79   | 0.17%             | 2046-03-01      | Fixed         | 4.00%                 | 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      | $1030867.04   | 0.04%             | 2019-07-01      | Fixed         | 10.00%                | 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      | $776401.43    | 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      | $1506508.37   | 0.06%             | 2051-07-01      | Fixed         | 6.00%                 | 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      | $7156454.88   | 0.31%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DMQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4467589.20   | 0.19%             | 2029-11-01      | Fixed         | 1.69%                 | 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      | $557287.50    | 0.02%             | 2018-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Berkeley Unified School District/CA                                          | BERKELEY CA UNIF SCH DIST                                    | CUSIP: 084154K28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5570000 | PA      | $5118371.53   | 0.22%             | 2047-08-01      | Fixed         | 4.00%                 | 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      | $2509120.81   | 0.11%             | 2047-06-01      | Fixed         | 5.00%                 | 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      | $193000.00    | 0.01%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2466841 | PA      | $1667911.40   | 0.07%             | 2033-07-01      | None          | 0.00%                 | 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      | $2832708.29   | 0.12%             | 2018-07-01      | Fixed         | 5.40%                 | 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      | $5227267.45   | 0.22%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                    | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CXR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9636875.20   | 0.41%             | 2041-08-01      | Fixed         | 4.00%                 | 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      | $1816612.50   | 0.08%             | 2031-07-01      | Floating      | 1.00%                 | 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        |   1500000 | PA      | $1611838.65   | 0.07%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                        | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005C71<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7700456.46   | 0.33%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDG7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   6125000 | PA      | $2955312.50   | 0.13%             | 2042-07-01      | Fixed         | 5.00%                 | 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      | $2095151.55   | 0.09%             | 2020-07-01      | Fixed         | 7.50%                 | 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      | $477675.00    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District                                             | STOCKTON CA UNIF SCH DIST                                    | CUSIP: 861419H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6930000 | PA      | $7153866.17   | 0.31%             | 2049-08-01      | Fixed         | 5.00%                 | 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        |   5315000 | PA      | $5665236.81   | 0.24%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | CALIFORNIA ST                                                | CUSIP: 13063D4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16615000 | PA      | $17368020.54  | 0.75%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1723019 | PA      | $1620842.53   | 0.07%             | 2035-07-01      | Fixed         | 4.00%                 | 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      | $5555579.88   | 0.24%             | 2047-11-15      | Fixed         | 5.50%                 | 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        |   1400000 | PA      | $1480022.12   | 0.06%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ontario Public Financing Authority                                           | ONTARIO PUB FING AUTH LEASE REVENUE                          | CUSIP: 68304REH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1011570.09   | 0.04%             | 2045-11-01      | Fixed         | 5.00%                 | 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        |  20540000 | PA      | $20174894.52  | 0.87%             | 2051-06-01      | 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: 271014A36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3157194.88   | 0.14%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526YDT9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $810600.00    | 0.03%             | 2026-07-01      | Fixed         | 5.25%                 | 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      | $1221288.77   | 0.05%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer