First Trust California Municipal High Income ETF (FCAL)

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Holdings

Holdings of the Fund as of 10/7/2026

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Total Number of Holdings (excluding cash): 279

Security Name	Identifier	CUSIP	Shares / Quantity	Market Value / Notional Value	Weighting
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5%, due 05/01/2049		79766DMB2	3,040,000	$2,795,732.66	1.36%
STHRN CA PUBLIC PWR AUTH REV 5%, due 11/01/2033		84247PPF2	2,500,000	$2,513,748.75	1.23%
CALIFORNIA ST ENTERPRISE DEV AUTH 5.25%, due 11/01/2049		13067VBR4	2,500,000	$2,490,017.50	1.21%
STOCKTON-EAST CA WTR DIST 5%, due 03/01/2050		861431EB6	2,250,000	$2,199,917.93	1.07%
ANAHEIM CA HSG & PUBLIC IMPT AUTH Variable rate, due 10/01/2054		032556NJ7	2,000,000	$2,000,000.00	0.98%
CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 10/01/2056		13013JHG4	2,000,000	$2,007,741.40	0.98%
CALIFORNIA ST 5%, due 08/01/2046		13063EUH7	2,000,000	$2,001,028.80	0.98%
CALIFORNIA ST MUNI FIN AUTH REV Variable rate, due 11/01/2035		13048TGV9	2,000,000	$2,000,000.00	0.98%
FRESNO CA JT PWRS FING AUTH 5.25%, due 04/01/2050		358184SA8	2,000,000	$2,000,944.00	0.98%
CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REV Variable rate, due 12/01/2055		15569DAA0	2,000,000	$1,998,877.40	0.97%
CALIFORNIA ST MUNI FIN AUTH SOL WST DISP Variable rate, due 11/01/2041		13048RAN7	2,000,000	$1,977,392.40	0.96%
CALIFORNIA ST HLTH FACS FING AUTH 5%, due 12/01/2044		13032US58	2,000,000	$1,930,611.40	0.94%
IRVINE RANCH CA WTR DIST Variable rate, due 10/01/2041		4636324K2	1,900,000	$1,900,000.00	0.93%
CALIFORNIA ST MUNI FIN AUTH MF HSG REV 4.45%, due 12/01/2042		130483GQ7	2,000,000	$1,800,472.00	0.88%
CALIFORNIA ST MUNI FIN AUTH MF HSG REV 4.40%, due 12/01/2043		130483MB3	2,000,000	$1,753,872.40	0.86%
FONTANA CA SPL TAX 5%, due 09/01/2039		344630M70	1,790,000	$1,756,806.42	0.86%
CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REV 5%, due 08/01/2034		15569DAG7	1,665,000	$1,670,842.82	0.81%
RIVERSIDE CA SWR REVENUE 5%, due 08/01/2040		769047KL4	1,500,000	$1,569,647.55	0.77%
CALIFORNIA ST MUNI FIN AUTH SPL FAC REV N/C, 4%, due 07/15/2029		13050RAA0	1,600,000	$1,558,611.52	0.76%
CALIFORNIA ST POLL CONTROL FING AUTH 5%, due 07/01/2036		13054WBB2	1,500,000	$1,534,176.75	0.75%
SAN DIEGO CA UNIF SCH DIST 5%, due 07/01/2042		797356FS6	1,500,000	$1,531,766.25	0.75%
SANTA CLARA CA WSTWTR REV CTFS PARTN 4.25%, due 02/01/2041		801517AT0	1,590,000	$1,528,573.85	0.75%
CALIFORNIA ST HLTH FACS FING AUTH 5.50%, due 11/15/2052		13032U7U6	1,500,000	$1,524,818.70	0.74%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 11/15/2042		13048VG51	1,500,000	$1,508,437.35	0.74%
CORONA-NORCO CA UNIF SCH DIST 5%, due 08/01/2046		219764UQ8	1,500,000	$1,520,996.25	0.74%
CALIFORNIA ST POLL CONTROL FIN AUTH Variable rate, due 07/01/2043		130536RN7	1,500,000	$1,490,377.35	0.73%
FONTANA CA PUBLIC FIN AUTH LEASE REV 5%, due 11/01/2050		34461BCN4	1,500,000	$1,503,553.50	0.73%
UNIV OF CALIFORNIA REVENUES Variable rate, due 05/15/2048		91412GSH9	1,500,000	$1,500,000.00	0.73%
CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REV 4%, due 07/01/2056		126292AP6	2,000,000	$1,485,408.00	0.72%
ORANGE CNTY CA CMNTY FACS DIST 5%, due 08/15/2046		68423PC65	1,500,000	$1,433,983.95	0.70%
CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK 5%, due 07/01/2040		13034A5E6	1,410,000	$1,387,909.25	0.68%
OAKDALE CA JT UNIF SCH DIST 5%, due 08/01/2044		672006EC3	1,375,000	$1,393,075.20	0.68%
SAN CLEMENTE CA SPL TAX 5%, due 09/01/2041		797214DH3	1,355,000	$1,389,096.54	0.68%
SAN FRANCISCO CITY & CNTY CA REDEV AGY 5%, due 08/01/2048		79770GJZ0	1,350,000	$1,348,118.91	0.66%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 11/15/2040		13048VZ84	1,345,000	$1,339,359.61	0.65%
SAN FRANCISCO CITY & CNTY CA REDEV AGY 5.25%, due 08/01/2040		79772ADL8	1,250,000	$1,287,323.25	0.63%
INGLEWOOD CA JT PWRS AUTH LEASE REV 5.25%, due 08/01/2050		45710PAY6	1,265,000	$1,274,063.60	0.62%
CALIFORNIA ST HLTH FACS FING AUTH 5%, due 02/01/2043		13032U2X5	1,240,000	$1,260,591.81	0.61%
CALIFORNIA ST MUNI FIN AUTH SOL WST DISP Variable rate, due 12/01/2044		13048RAF4	1,250,000	$1,247,326.50	0.61%
CALIFORNIA ST HLTH FACS FING AUTH 5%, due 11/15/2046		13032U7R3	1,250,000	$1,216,893.63	0.59%
AZUSA CA SPL TAX 5%, due 09/01/2044		055032FF8	1,200,000	$1,170,871.08	0.57%
SACRAMENTO CNTY CA ARPT SYS REV N/C, 5%, due 07/01/2033		786107WN8	1,120,000	$1,160,188.74	0.57%
LAMMERSVILLE CA JT UNIF SCH DIST 5%, due 09/01/2046		513533KK4	1,250,000	$1,156,060.50	0.56%
LOS ANGELES CA DEPT OF ARPTS 5%, due 05/15/2042		5444456D6	1,125,000	$1,145,868.41	0.56%
LOS ANGELES CA DEPT OF ARPTS N/C, 5%, due 05/15/2031		544445R68	1,100,000	$1,143,846.66	0.56%
MENIFEE CA UNION SCH DIST 3%, due 08/01/2040		586807JR1	1,500,000	$1,147,005.15	0.56%
CALIFORNIA ST PUBLIC WKS BRD LEASE REV 5%, due 11/01/2046		13068XED7	1,110,000	$1,101,301.27	0.54%
ELK GROVE CA FIN AUTH SPL TAX REV 4%, due 09/01/2050		287254GS9	1,450,000	$1,109,022.51	0.54%
SANTA FE SPRINGS CA PUBLIC FIN AUTH 5%, due 06/01/2040		80218FAQ9	1,075,000	$1,101,649.79	0.54%
SANTA MARGARITA CA WTR DIST 5%, due 09/01/2043		802242GY7	1,100,000	$1,104,869.37	0.54%
CALIFORNIA STWD CMNTYS DEV AUTH 5.25%, due 12/01/2044		13080ST53	1,075,000	$1,086,702.24	0.53%
CALIFORNIA ST HLTH FACS FING AUTH Variable rate, due 08/15/2065		13032U5U8	1,000,000	$1,059,139.90	0.52%
PUERTO RICO INDL TOURIST EDUCTNL ETC FACS 6.75%, due 01/01/2045		74528LAC5	1,000,000	$1,060,547.60	0.52%
KERN CA CMNTY CLG DIST 5.25%, due 08/01/2039		492244GR3	1,000,000	$1,052,570.00	0.51%
PUERTO RICO CMWLTH 4%, due 07/01/2033		74514L3K1	1,100,000	$1,046,520.86	0.51%
SAN LUIS OBISPO CNTY CA FING AUTH 5.25%, due 11/15/2040		798712CZ6	1,000,000	$1,049,369.70	0.51%
CALIFORNIA ST HLTH FACS FING AUTH 5%, due 11/15/2042		13032UN46	1,025,000	$1,024,631.31	0.50%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 05/15/2043		13048VL30	1,000,000	$1,016,861.30	0.50%
EAST BAY CA MUNI UTILITY DIST 5%, due 06/01/2043		271014V66	1,000,000	$1,027,750.60	0.50%
GARDEN GROVE CA PUBLIC FING AUTH 5%, due 04/01/2043		36527RBM9	1,000,000	$1,023,212.60	0.50%
LONG BEACH CA BOND FIN AUTH NATL GAS 5%, due 11/15/2035		54241AAY9	1,000,000	$1,022,220.80	0.50%
LONG BEACH CA MARINA REVENUE 5%, due 05/15/2040		542426DR9	1,010,000	$1,017,531.47	0.50%
OAKDALE CA JT UNIF SCH DIST 5%, due 08/01/2043		672006EB5	1,000,000	$1,017,105.10	0.50%
S WSTRN CA CMNTY CLG DIST 5.25%, due 08/01/2046		845389QN8	1,000,000	$1,027,446.50	0.50%
SAN DIEGO CNTY CA REGL ARPT AUTH 5%, due 07/01/2034		79739GNL6	1,000,000	$1,022,857.50	0.50%
SAN JOAQUIN VLY CLEAN ENERGY AUTH CA Variable rate, due 01/01/2056		79811YAK4	1,000,000	$1,031,546.80	0.50%
UNIV OF CALIFORNIA CA REVENUES 5%, due 11/15/2041		91412HXC2	1,000,000	$1,018,978.60	0.50%
BAY AREA CA TOLL AUTH TOLL BRIDGE REV 5%, due 04/01/2044		072024A93	1,000,000	$1,009,803.40	0.49%
CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 01/01/2054		13013JCM6	1,000,000	$1,009,350.80	0.49%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 09/01/2044		13048VU97	1,015,000	$995,627.61	0.49%
CALIFORNIA ST UNIV REVENUE 5%, due 11/01/2043		13077DWA6	1,000,000	$1,014,588.70	0.49%
LONG BEACH CA CMNTY CLG DIST 5%, due 08/01/2048		542411QX4	1,000,000	$1,010,190.50	0.49%
LOS ANGELES CA UNIF SCH DIST 5.25%, due 07/01/2042		544647FG0	1,000,000	$1,004,356.50	0.49%
OXNARD CA SCH DIST 5%, due 08/01/2042		692020Z45	1,000,000	$1,008,708.50	0.49%
SAN FRANCISCO CA CITY & CNTY PUB UTILS COMMN 5.25%, due 11/01/2048		79771FCU9	1,000,000	$1,000,680.60	0.49%
SAN LUIS OBISPO CA PUBLIC FING AUTH 5%, due 12/01/2048		798641CP9	1,000,000	$1,007,374.00	0.49%
SANTA ROSA CA HIGH SCH DIST 5%, due 08/01/2045		802615S21	1,000,000	$1,013,586.10	0.49%
BURBANK GLENDALE PASADENA CA ARPT AUTH 5.25%, due 07/01/2040		120827DY3	1,000,000	$989,331.30	0.48%
CALIFORNIA ST MUNI FIN AUTH REV 5.50%, due 12/01/2045		13048V4K1	1,000,000	$975,831.70	0.48%
FONTANA CA SPL TAX 5%, due 09/01/2039		344630P51	1,000,000	$979,632.70	0.48%
GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS 5.25%, due 07/01/2042		40065FFE9	1,000,000	$987,083.10	0.48%
LOS ANGELES CA DEPT ARPTS 5.25%, due 05/15/2045		544446BV8	1,000,000	$994,177.00	0.48%
LOS ANGELES CNTY CA MET TRANSPRTN AUTH 5%, due 06/01/2045		544721AM5	1,000,000	$986,994.00	0.48%
SACRAMENTO CNTY CA ARPT SYS REV 5%, due 07/01/2037		786107RW4	1,000,000	$983,629.20	0.48%
CALIFORNIA ST MUNI FIN AUTH REV 5.125%, due 11/01/2040		13048V3E6	1,000,000	$962,483.40	0.47%
W PATTERSON CA FING AUTH SPL TAX 5%, due 09/01/2046		955232GB3	1,000,000	$970,225.70	0.47%
CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 12/01/2053		13013JBL9	925,000	$934,854.86	0.46%
CALIFORNIA ST ENTERPRISE DEV AUTH 5%, due 06/01/2046		13067RGW7	1,000,000	$934,265.30	0.46%
CALIFORNIA ST HLTH FACS FING AUTH 5.25%, due 11/15/2048		13032UK98	1,000,000	$950,292.30	0.46%
CALIFORNIA ST MUNI FIN AUTH MHP REV 5%, due 08/15/2049		13049SGB4	1,000,000	$934,114.60	0.46%
CALIFORNIA ST STWD CMNTYS DEV AUTH 5%, due 09/01/2044		13077EQY9	1,000,000	$939,748.90	0.46%
MAMMOTH LAKES CA CTFS PARTN 5%, due 06/01/2043		561550DD3	940,000	$941,925.87	0.46%
OHIO ST HSG FIN AGY MF HSG REV 6.125%, due 01/01/2046		676900YT4	1,000,000	$943,313.50	0.46%
CALIFORNIA ST 5.25%, due 08/01/2047		13063EYD2	900,000	$916,101.36	0.45%
CALIFORNIA ST POLL CONTROL FING AUTH 5%, due 11/21/2045		13054WAC1	1,000,000	$932,726.30	0.45%
MORENO VLY CA UNIF SCH DIST CMNTY FACS DIST 5%, due 09/01/2046		616874XF5	1,000,000	$932,778.00	0.45%
CALIFORNIA SCH FIN AUTH SCH FAC REV 5%, due 07/01/2043		13059TGJ2	1,000,000	$897,259.70	0.44%
RIVERSIDE CNTY CA TRANSPRTN COMMN 4%, due 06/01/2041		76912DAY4	1,000,000	$901,710.90	0.44%
ROSEVILLE CA SPL TAX 5%, due 09/01/2039		7778706M3	930,000	$899,182.68	0.44%
CALIFORNIA ST HLTH FACS FING AUTH 4%, due 11/01/2044		13032UMN5	1,000,000	$861,920.50	0.42%
SAN FRANCISCO CITY & CNTY CA 2%, due 06/15/2029		7976467Q3	935,000	$868,802.94	0.42%
CALIFORNIA ST MUNI FIN AUTH REV 4%, due 10/01/2034		13048VKU1	880,000	$838,328.13	0.41%
CLOVIS CA UNIF SCH DIST CTFS PARTN 5%, due 06/01/2041		189344GK4	815,000	$835,273.45	0.41%
CALIFORNIA ST STWD CMNTYS DEV AUTH 5%, due 09/02/2046		13078YYK5	860,000	$816,065.52	0.40%
ONTARIO PUB FING AUTH LEASE REV CA 5%, due 11/01/2041		68304RED8	800,000	$822,821.52	0.40%
BURBANK GLENDALE PASADENA CA ARPT AUTH 5.25%, due 07/01/2049		120827ED8	825,000	$797,327.85	0.39%
CALIFORNIA ST EDUCTNL FACS AUTH 5%, due 04/01/2047		130179JF2	900,000	$809,364.60	0.39%
CALIFORNIA ST MUNI FIN AUTH MHP REV N/C, 5%, due 08/15/2027		13049SCJ1	785,000	$793,667.34	0.39%
SAINT JAMES PARISH LA REVENUE Variable rate, due 06/01/2038		790103AU9	750,000	$791,282.25	0.39%
CALIFORNIA ST 5%, due 12/01/2043		13063ELD6	770,000	$774,555.63	0.38%
CALIFORNIA ST MUNI FIN AUTH ARPT REV 5.75%, due 07/01/2051		130490AU9	775,000	$781,796.21	0.38%
GOLDEN ST TOBACCO SECURITIZATION CORP CA 5%, due 06/01/2034		38122NZR6	750,000	$769,572.38	0.38%
IRVINE CA SPL TAX 5%, due 09/01/2044		46360THP1	775,000	$788,914.27	0.38%
MODESTO CA HIGH SCH DIST 5%, due 08/01/2042		607743LX7	750,000	$773,996.03	0.38%
SACRAMENTO CNTY CA ARPT SYS REV 5.25%, due 07/01/2041		786107WW8	775,000	$779,738.12	0.38%
RIVERSIDE CA WTR REVENUE 5%, due 10/01/2047		769076WC0	750,000	$755,556.68	0.37%
BURBANK GLENDALE PASADENA CA ARPT AUTH 5.25%, due 07/01/2044		120827EC0	750,000	$736,006.73	0.36%
CALIFORNIA ST MUNI FIN AUTH MHP REV 5%, due 11/15/2037		13049SGP3	720,000	$744,072.26	0.36%
CALIFORNIA ST MUNI FIN AUTH REV 4%, due 10/01/2036		13048VKW7	800,000	$746,238.24	0.36%
MOUNTAIN HOUSE CMNTY FACS DIST CA 5%, due 09/01/2045		62412KAD9	800,000	$733,211.20	0.36%
MODESTO CA HIGH SCH DIST 5%, due 08/01/2041		607743LW9	700,000	$727,724.48	0.35%
WINDSOR CA JT PWRS FING AUTH 5%, due 11/01/2045		973507BE5	700,000	$708,902.53	0.35%
ALAMEDA CA UNIF SCH DIST ALAMEDA CNTY 5%, due 08/01/2047		010824NR7	685,000	$691,006.08	0.34%
CALIFORNIA ST MUNI FIN AUTH SOL WST DISP Variable rate, due 07/01/2041		13048RAJ6	700,000	$699,780.76	0.34%
CALIFORNIA ST MUNI FIN AUTH SPL TAX 5%, due 09/01/2044		13051AJJ8	750,000	$695,168.03	0.34%
CALIFORNIA ST SCH FIN AUTH CHRT SCH REV 5%, due 10/01/2032		13058TPZ7	700,000	$702,323.09	0.34%
LOS ANGELES CA DEPT OF ARPTS 5%, due 05/15/2036		544445S34	690,000	$699,605.28	0.34%
PITTSBURG CA UNIF SCH DIST 3%, due 08/01/2040		724581SP9	925,000	$698,825.94	0.34%
CALIFORNIA ST ENTERPRISE DEV AUTH 5%, due 06/01/2044		13069AAY4	750,000	$677,740.65	0.33%
CHABOT-LAS POSITAS CA CMNTY CLG DIST 5%, due 08/01/2045		15722TLU3	660,000	$666,150.74	0.32%
MENIFEE CA SPL TAX 5%, due 09/01/2048		58680WDJ0	700,000	$652,726.97	0.32%
CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 02/01/2055		13013JEP7	635,000	$640,212.20	0.31%
CALIFORNIA ST ENTERPRISE DEV AUTH 5%, due 01/15/2039		13069BBB1	650,000	$639,926.63	0.31%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 09/01/2046		13048V5L8	675,000	$610,790.69	0.30%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 12/01/2040		13048VS41	600,000	$607,393.98	0.30%
LOS ANGELES CA DEPT OF ARPTS 5%, due 05/15/2035		544445SQ3	605,000	$615,217.72	0.30%
US Dollar	$USD		619,837	$619,836.67	0.30%
ALBANY CA UNIF SCH DIST 5%, due 08/01/2043		012104UN3	585,000	$601,451.90	0.29%
ALBANY CA UNIF SCH DIST 5%, due 08/01/2050		012104TT2	600,000	$597,742.68	0.29%
CALIFORNIA ST ENTERPRISE DEV AUTH REV 5%, due 12/01/2041		13067RFD0	600,000	$601,476.84	0.29%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 09/01/2041		13048V5K0	635,000	$602,285.44	0.29%
CALIFORNIA ST MUNI FIN AUTH REV 6%, due 01/01/2055		13048V6W3	600,000	$594,872.52	0.29%
CALIFORNIA ST MUNI FIN AUTH SPL TAX 5.50%, due 09/01/2043		13051AGA0	600,000	$589,020.60	0.29%
FONTANA CA SPL TAX 5%, due 09/01/2039		344630J33	600,000	$587,779.62	0.29%
INDIO CA ELEC FING AUTH ELEC REV 5.25%, due 01/01/2041		455701AR3	575,000	$591,463.63	0.29%
ORANGE CENTER CA SCH DIST 5.25%, due 08/01/2048		684167AN9	610,000	$603,726.70	0.29%
CALIFORNIA ST MUNI FIN AUTH MHP REV 5%, due 11/15/2040		13049SGS7	565,000	$570,329.14	0.28%
INGLEWOOD CA JT PWRS AUTH LEASE REV 5%, due 08/01/2043		45710PAV2	570,000	$576,067.71	0.28%
MENIFEE CA SPL TAX 5%, due 09/01/2043		58680WDH4	600,000	$571,085.64	0.28%
ALBANY CA UNIF SCH DIST 5%, due 08/01/2042		012104UM5	540,000	$558,841.79	0.27%
CALIFORNIA ST MUNI FIN AUTH SPL TAX 5.75%, due 09/01/2053		13051AGB8	550,000	$550,020.46	0.27%
CALIFORNIA ST SCH FIN AUTH EDUCTNL FACS 5%, due 06/01/2054		130591BN9	650,000	$547,729.72	0.27%
MODESTO CA ELEM SCH DIST 5%, due 08/01/2041		607735DZ7	530,000	$544,182.96	0.27%
CALIFORNIA ST HLTH FACS FING AUTH N/C, 5%, due 11/15/2033		13032UK64	520,000	$536,777.54	0.26%
CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK 4%, due 11/01/2039		13035ACA5	585,000	$531,109.22	0.26%
CALIFORNIA ST SCH FIN AUTH CHRT SCH REV 5%, due 06/01/2043		13058TRR3	600,000	$535,635.18	0.26%
CHABOT-LAS POSITAS CA CMNTY CLG DIST 5%, due 08/01/2047		15722TLW9	525,000	$525,741.56	0.26%
MODESTO CA HIGH SCH DIST 5%, due 08/01/2040		607743LV1	500,000	$525,083.40	0.26%
RIPON CA REDEV AGY SUCCESSOR AGY 4%, due 11/01/2031		767491AG8	525,000	$525,081.27	0.26%
CALIFORNIA SCH FIN AUTH SCH FAC REV 5%, due 07/01/2040		13059THL6	545,000	$511,931.69	0.25%
CALIFORNIA ST HLTH FACS FING AUTH 5%, due 08/15/2043		13032U3U0	500,000	$506,397.10	0.25%
CALIFORNIA ST HLTH FACS FING AUTH 5%, due 08/15/2044		13032U3V8	500,000	$502,941.10	0.25%
CALIFORNIA ST MUNI FIN AUTH REV 5.50%, due 09/01/2056		13048V6R4	500,000	$503,081.30	0.25%
CLOVIS CA UNIF SCH DIST CTFS PARTN 5%, due 06/01/2043		189344GM0	500,000	$505,626.90	0.25%
GUAM GOVT BUSINESS PRIVILEGE TAX 5.25%, due 01/01/2038		40065NDE4	500,000	$513,156.75	0.25%
GUAM GOVT BUSINESS PRIVILEGE TAX N/C, 5%, due 01/01/2031		40065NCX3	500,000	$514,402.15	0.25%
SANTA CLARA VLY CA WTR DIST 5%, due 08/01/2040		80168EAT6	500,000	$517,310.65	0.25%
SANTA CLARA VLY CA WTR DIST 5%, due 08/01/2041		80168EAU3	500,000	$514,153.55	0.25%
TEMESCAL VLY CA WTR DIST SPL TAX 5%, due 09/01/2031		87975CAM3	500,000	$506,381.40	0.25%
CALIFORNIA ST ENTERPRISE DEV AUTH 5%, due 06/01/2034		13069AAX6	500,000	$499,027.80	0.24%
CALIFORNIA ST HLTH FACS FING AUTH 5.25%, due 12/01/2040		13032UU30	500,000	$502,326.80	0.24%
CALIFORNIA ST HLTH FACS FING AUTH 5.25%, due 12/01/2041		13032UU48	500,000	$499,402.60	0.24%
CALIFORNIA ST HLTH FACS FING AUTH 5.25%, due 12/01/2042		13032UU55	500,000	$495,452.70	0.24%
CALIFORNIA ST MUNI FIN AUTH ARPT REV 5.50%, due 07/01/2045		130490AS4	500,000	$500,765.40	0.24%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 10/01/2044		13048VLB2	500,000	$497,891.30	0.24%
CALIFORNIA ST MUNI FIN AUTH REV 5.375%, due 11/01/2045		13048V3F3	525,000	$496,438.27	0.24%
CALIFORNIA ST MUNI FIN AUTH STUDENT HSG 5%, due 05/15/2039		13049YBH3	500,000	$496,744.25	0.24%
CORONA CA CMNTY FACS DIST SPL TAX 5%, due 09/01/2039		219680HC2	500,000	$496,290.55	0.24%
LONG BEACH CA MARINA REVENUE 5%, due 05/15/2041		542426DS7	500,000	$499,216.15	0.24%
ONTARIO CA SPL TX 5%, due 09/01/2039		68304NFW4	500,000	$486,606.75	0.24%
STAMFORD CT HSG AUTH 6.375%, due 10/01/2045		852640AJ0	490,000	$493,654.42	0.24%
CALIFORNIA ST EDUCTNL FACS AUTH N/C, 5%, due 12/01/2031		130179TY0	450,000	$461,897.69	0.23%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 01/01/2041		13048V6V5	500,000	$479,748.35	0.23%
FONTANA CA SPL TAX 5%, due 09/01/2046		344630SV1	500,000	$476,798.30	0.23%
MORENO VLY CA UNIF SCH DIST CMNTY FACS DIST 5%, due 09/01/2041		616874XE8	500,000	$480,129.50	0.23%
MOUNTAIN HOUSE CMNTY FACS DIST CA 5%, due 09/01/2040		62412KAC1	500,000	$472,735.25	0.23%
MOUNTAIN HOUSE CMNTY FACS DIST CA 5%, due 09/01/2041		62412KBA4	500,000	$466,055.45	0.23%
RIVER ISLANDS CA PUBLIC FING AUTH 5%, due 09/01/2040		76827QEM1	500,000	$469,052.25	0.23%
RIVERSIDE CA UNIF SCH DIST 3%, due 08/01/2038		769059ZT6	575,000	$467,002.98	0.23%
VAL VERDE CA UNIF SCH DIST SPL TAX 5%, due 09/01/2043		91882PGQ3	500,000	$474,844.90	0.23%
BURBANK GLENDALE PASADENA CA ARPT AUTH 5%, due 07/01/2038		120827DW7	455,000	$456,050.46	0.22%
CALIFORNIA ST MUNI FIN AUTH REV 5%, due 09/01/2045		13048V6N3	470,000	$453,650.02	0.22%
CALIFORNIA STWD CMNTYS DEV AUTH 5%, due 11/01/2041		13080SSJ4	500,000	$448,458.80	0.22%
CHINO CA CMNTY FACS DIST SPL TAX 5%, due 09/01/2031		169511TE2	450,000	$454,598.87	0.22%
JEFFERSON CENTER CO MET DIST 2 5.75%, due 12/01/2046		472483AD8	500,000	$456,243.00	0.22%
MAMMOTH LAKES CA CTFS PARTN 5%, due 06/01/2041		561550DB7	450,000	$457,341.17	0.22%
CALIFORNIA ST MUNI FIN AUTH CHRT SCH 5%, due 07/01/2038		13048DCP1	450,000	$426,327.39	0.21%
BAY AREA CA TOLL AUTH TOLL BRIDGE REV Variable rate, due 04/01/2059		072024ZH8	400,000	$400,000.00	0.20%
CALIFORNIA SCH FIN AUTH SCH FAC REV 5.25%, due 07/01/2048		13059THM4	450,000	$413,593.11	0.20%
CALIFORNIA ST MUNI FIN AUTH SCH FAC REV 5.75%, due 05/01/2054		13051BAC0	435,000	$402,030.61	0.20%
CALIFORNIA HSG FIN AGY AFFORDABLE HSG 4.35%, due 02/01/2043		13032WES9	455,000	$398,290.30	0.19%
CALIFORNIA ST MUNI FIN AUTH SPL TAX 5%, due 09/01/2039		13051AJH2	400,000	$384,225.76	0.19%
CALIFORNIA STWD CMNTYS DEV AUTH Variable rate, due 03/01/2037		13080SYC2	385,000	$385,245.59	0.19%
ESTRN CA MUNI WTR DIST CMNTY FACS DIST 5%, due 09/01/2040		27627M5Q6	400,000	$387,968.92	0.19%
SAN FRANCISCO CA CITY & CNTY SPL TAX DIST 2020-1 4%, due 09/01/2046		79771HAE3	500,000	$390,458.25	0.19%
MILITARY INSTALLATION DEV AUTH UT 4%, due 06/01/2052		599772AF7	500,000	$373,834.55	0.18%
RIVERSIDE CA UNIF SCH DIST 5%, due 09/01/2039		769069U37	375,000	$364,955.06	0.18%
ROMOLAND CA SCH DIST SPL TAX 5%, due 09/01/2043		776192VM5	400,000	$377,347.28	0.18%
SAN JUAN PR 5%, due 07/01/2046		798373PB6	400,000	$375,061.60	0.18%
CALIFORNIA HSG FIN AGY MUNI CTFS N/C, 4.25%, due 01/15/2035		13033DAA3	369,654	$356,563.47	0.17%
CALIFORNIA ST MUNI FIN AUTH STUDENT HSG 5%, due 05/15/2040		13049YBJ9	350,000	$346,917.03	0.17%
FOLSOM RANCH CA FING AUTH SPL TAX 5%, due 09/01/2032		344414BE6	350,000	$351,594.50	0.17%
VACAVILLE CA SPL TAX 5%, due 09/01/2040		918581CE7	365,000	$341,740.16	0.17%
CALIFORNIA ST MUNI FIN AUTH MHP REV 4%, due 08/15/2051		13049SER1	435,000	$324,227.90	0.16%
CALIFORNIA ST MUNI FIN AUTH SCH FAC REV 4.65%, due 05/01/2030		13051BAE6	330,000	$327,351.06	0.16%
VAL VERDE CA UNIF SCH DIST SPL TAX 5%, due 09/01/2038		91882PGP5	330,000	$328,493.48	0.16%
CALIFORNIA STWD CMNTYS DEV AUTH 5%, due 12/01/2033		13080SVJ0	300,000	$302,419.08	0.15%
GUAM PWR AUTH REVENUE 5%, due 10/01/2042		400653LD1	325,000	$313,456.98	0.15%
WILDOMAR CA SPL TAX 5%, due 09/01/2046		968118BS7	325,000	$303,523.45	0.15%
SAN JUAN PR 5.25%, due 07/01/2045		798373PA8	300,000	$292,372.59	0.14%
FONTANA CA SPL TAX 5%, due 09/01/2048		344630J58	300,000	$276,879.21	0.13%
GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS 5%, due 01/01/2050		40065FDF8	280,000	$264,380.76	0.13%
WILDOMAR CA SPL TAX 5%, due 09/01/2041		968118BR9	275,000	$261,368.55	0.13%
ATASCADERO CA FING AUTH LEASE REV 5%, due 05/01/2044		046542AU0	250,000	$251,997.25	0.12%
ATASCADERO CA FING AUTH LEASE REV 5%, due 05/01/2045		046542AV8	250,000	$250,709.03	0.12%
CALIFORNIA ST ENTERPRISE DEV AUTH 4%, due 06/01/2036		13069AAH1	275,000	$248,185.99	0.12%
CALIFORNIA ST MUNI FIN AUTH CHRT SCH 5.375%, due 07/01/2034		130486AM5	250,000	$246,330.33	0.12%
CALIFORNIA ST MUNI FIN AUTH CHRT SCH 5.375%, due 07/01/2034		130486AH6	250,000	$249,976.80	0.12%
CALIFORNIA ST MUNI FIN AUTH MHP REV 4%, due 08/15/2041		13049SEQ3	295,000	$245,419.00	0.12%
CALIFORNIA ST SCH FIN AUTH CHRT SCH REV 5%, due 07/01/2039		13058TUD0	250,000	$244,485.43	0.12%
CALIFORNIA ST STWD CMNTYS DEV AUTH 5%, due 09/02/2044		13078YZH1	245,000	$238,927.04	0.12%
CALIFORNIA STWD CMNTYS DEV AUTH REV 5%, due 11/01/2032		13080SSH8	250,000	$245,728.98	0.12%
CALIFORNIA STWD CMNTYS DEV AUTH REV 5%, due 12/01/2030		13080SMF8	250,000	$250,110.40	0.12%
LAKE ELSINORE CA UNIF SCH DIST 5%, due 09/01/2039		509640A99	245,000	$242,276.60	0.12%
MARINA CA REDEV AGY SUCCESSOR AGY 5%, due 09/01/2033		568061BA2	250,000	$250,040.00	0.12%
MENIFEE CA UNION SCH DIST SPL 5%, due 09/01/2034		586810Q30	245,000	$247,676.40	0.12%
ONTARIO CA CMNTY FACS DIST #40 4%, due 09/01/2039		68305EAU2	275,000	$236,356.01	0.12%
PUBLIC FIN AUTH WI STUDENT HSG 5.25%, due 06/15/2045		74439YFT3	250,000	$245,357.05	0.12%
PUERTO RICO SALES TAX FING CORP 4.329%, due 07/01/2040		74529JRH0	263,000	$241,933.86	0.12%
TRACY CA CMNTY FACS DIST 5%, due 09/01/2033		892376QX5	250,000	$251,838.55	0.12%
CALIFORNIA SCH FIN AUTH SCH FAC REV 5%, due 07/01/2042		13059TJN0	250,000	$228,454.78	0.11%
RANCHO CORDOVA CA CMNTY FACS DIST 5%, due 09/01/2034		75211RLC9	220,000	$221,928.19	0.11%
CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING REV 5%, due 11/15/2056		13057GAD1	250,000	$198,776.23	0.10%
CALIFORNIA SCH FIN AUTH SCH FAC REV 5%, due 07/01/2032		13059TED7	200,000	$199,993.04	0.10%
CENTRL MARIN CA SANTN AGY REV 5%, due 09/01/2039		154076CW1	200,000	$205,013.06	0.10%
GUAM PWR AUTH REVENUE 5%, due 10/01/2041		400653LC3	210,000	$203,770.58	0.10%
MORONGO BAND OF MISSION INDIANS CA 5%, due 10/01/2042		61773RAB3	200,000	$205,818.98	0.10%
RANCHO CORDOVA CA CMNTY FACS DIST 5%, due 09/01/2033		75211RLB1	210,000	$212,141.03	0.10%
SACRAMENTO CA SPL TAX 5%, due 09/01/2032		786071LZ1	200,000	$200,040.00	0.10%
ESTRN CA MUNI WTR DIST CMNTY FACS DIST 5%, due 09/01/2034		27627M5N3	175,000	$175,997.55	0.09%
ESTRN CA MUNI WTR DIST CMNTY FACS DIST 5%, due 09/01/2035		27627M5P8	175,000	$174,672.86	0.09%
ROSEVILLE CA SPL TAX 5%, due 09/01/2032		777870F35	185,000	$187,622.80	0.09%
CALIFORNIA SCH FIN AUTH SCH FAC REV 5%, due 07/01/2043		13059TJP5	175,000	$157,877.60	0.08%
FONTANA CA SPL TAX 5%, due 09/01/2029		344630SK5	155,000	$156,111.52	0.08%
LAMMERSVILLE CA JT UNIF SCH DIST 4%, due 09/01/2040		513533EZ8	200,000	$174,322.24	0.08%
RHODINE ROAD NORTH CDD FL SPL ASSMNT 4%, due 05/01/2030		762402AB1	175,000	$172,862.74	0.08%
ROSEVILLE CA SPL TAX 4%, due 09/01/2034		777870F50	170,000	$161,772.44	0.08%
ROSEVILLE CA SPL TAX 5%, due 09/01/2033		777870F43	160,000	$161,760.96	0.08%
SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR N/C, 0%, due 01/15/2029		798111DD9	175,000	$159,586.58	0.08%
CALIFORNIA ST MUNI FIN AUTH MHP REV 3%, due 08/15/2031		13049SEP5	145,000	$135,323.37	0.07%
CALIFORNIA ST STWD CMNTYS DEV AUTH 5%, due 09/02/2045		13078YZJ7	140,000	$135,691.58	0.07%
IRVINE CA UNIF SCH DIST SPL TAX 5%, due 09/01/2031		463612KM2	150,000	$150,658.71	0.07%
ROSEVILLE CA SPL TAX 4%, due 09/01/2035		777870F68	150,000	$141,017.78	0.07%
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5%, due 05/01/2037		79766DTB5	140,000	$140,731.50	0.07%
TEMECULA VLY CA UNIF SCH DIST 5%, due 09/01/2032		87970HMF9	150,000	$151,041.06	0.07%
SAN DIEGO CNTY CA REGL ARPT AUTH 5%, due 07/01/2039		79739GLD6	130,000	$131,608.13	0.06%
BEAUMONT CA SPL TAX 4%, due 09/01/2033		074433GV9	100,000	$95,412.09	0.05%
CALIFORNIA SCH FIN AUTH SCH FAC REV N/C, 5%, due 07/01/2027		13059TFQ7	105,000	$105,499.38	0.05%
CALIFORNIA STWD CMNTYS DEV AUTH REV 5%, due 04/01/2030		13080SRU0	100,000	$100,354.92	0.05%
MARINA CA REDEV AGY SUCCESSOR AGY 5%, due 09/01/2027		568061AY1	100,000	$100,500.98	0.05%
ONTARIO CA CMNTY FACS DIST #40 4%, due 09/01/2034		68305EAP3	100,000	$93,902.56	0.05%
CALIFORNIA ST MUNI FIN AUTH MHP REV 3%, due 08/15/2032		13049SCP7	85,000	$77,810.23	0.04%
SAN DIEGO CNTY CA SPL TAX 4%, due 09/01/2033		79743ABL6	85,000	$81,534.54	0.04%
LOS ANGELES CA DEPT OF ARPTS 5%, due 05/15/2033		544445P94	50,000	$52,398.37	0.03%
ONTARIO CA CMNTY FACS DIST #40 4%, due 09/01/2035		68305EAQ1	65,000	$60,173.52	0.03%
CALIFORNIA STWD CMNTYS DEV AUTH REV 4%, due 04/01/2032		13080SRW6	50,000	$49,066.31	0.02%
CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 10/01/2052		13013JAX4	20,000	$20,065.92	0.01%
CALIFORNIA ST PUBLIC WKS BRD LEASE REV 5%, due 06/01/2034		13068LUW3	15,000	$15,021.69	0.01%
LAMMERSVILLE CA JT UNIF SCH DIST 4%, due 09/01/2033		513533EW5	25,000	$23,853.02	0.01%
LAMMERSVILLE CA JT UNIF SCH DIST 4%, due 09/01/2034		513533EX3	25,000	$23,585.13	0.01%
US 10yr Ultra Fut Dec26	UXYZ6		-20	($2,102,812.50)	0.00%

Holdings are subject to change.

The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.