Capital Group California Core Municipal Fund
Investment portfolio
unaudited
|
Bonds, notes & other debt instruments 96.02%
Alabama 0.65%
|
|
Principal amount
(000)
|
Value
(000)
|
|
Black Belt Energy Gas Dist., Gas Project Rev. Bonds, Series 2022-B-1, 4.00% 10/1/2025
|
USD4,130
|
$4,152
|
|
|
California 95.09%
|
|
|
|
|
Alameda Corridor Transportation Auth., Rev. Ref. Bonds, Series 2016-A, 5.00% 10/1/2024
|
600
|
601
|
|
|
Alameda Corridor Transportation Auth., Rev. Ref. Bonds, Series 2016-A, 5.00% 10/1/2025
|
500
|
505
|
|
|
City of Alhambra, Insured Rev. Ref. Bonds (Atherton Baptist Homes Project), Series
2016, 5.00% 1/1/2027
|
630
|
651
|
|
|
Anaheim Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, 2002 Election,
Series 2003, National insured, 0% 8/1/2028
|
1,000
|
883
|
|
|
Antelope Valley Community College Dist., G.O. Bonds, Capital Appreciation Bonds, Series
2022-C,
2016 Election, 0% 8/1/2029
|
1,000
|
856
|
|
|
Antelope Valley Community College Dist., G.O. Rev. Ref. Bonds, Capital Appreciation
Bonds, Series 2015,
0% 8/1/2035 (preref. 2/15/2025)
|
2,300
|
1,453
|
|
|
Antelope Valley Community College Dist., G.O. Rev. Ref. Bonds, Capital Appreciation
Bonds, Series 2015,
0% 8/1/2036 (preref. 2/15/2025)
|
2,800
|
1,691
|
|
|
Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds
(Windemere Ranch Infrastructure Fncg. Program), Series 2014-A, 5.00% 9/2/2024
|
395
|
396
|
|
|
Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds
(Windemere Ranch Infrastructure Fncg. Program), Series 2014-A, 5.00% 9/2/2025
|
510
|
511
|
|
|
Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2017-S-7,
4.00% 4/1/2031
|
2,040
|
2,077
|
|
|
Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2001-A,
(SIFMA Municipal Swap Index + 1.25%) 4.86% 4/1/2036 (put 4/1/2027)1
|
1,000
|
1,008
|
|
|
Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2021-D,
(SIFMA Municipal Swap Index + 0.30%) 3.91% 4/1/2056 (put 4/1/2027)1
|
1,895
|
1,868
|
|
|
Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Green Bonds, Series 2024-F-2,
5.00% 4/1/2040
|
860
|
972
|
|
|
City of Beaumont, Wastewater Rev. Bonds, Series 2018-A, Assured Guaranty Municipal
insured, 5.00% 9/1/2026
|
500
|
522
|
|
|
Burbank Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 1997 Election,
Series 2002-C,
National insured, 0% 7/1/2027
|
1,500
|
1,372
|
|
|
California County Tobacco Securitization Agcy., Tobacco Settlement Rev. Bonds
(Los Angeles County Securitization Corp.), Series 2020-A, 5.00% 6/1/2026
|
600
|
614
|
|
|
Trustees of the California State University, Systemwide Rev. Bonds, Series 2015-A,
5.00% 11/1/2024
|
500
|
502
|
|
|
Trustees of the California State University, Systemwide Rev. Bonds, Series 2023-B,
5.00% 11/1/2026
|
920
|
965
|
|
|
Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-A,
5.00% 11/1/2028
|
2,705
|
2,808
|
|
|
Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-B-2,
0.55% 11/1/2049 (put 11/1/2026)
|
1,980
|
1,810
|
|
|
Cathedral City, Successor Agcy. to the Redev. Agcy., Tax Allocation Housing Rev. Ref.
Bonds
(Merged Redev. Project Area), Series 2014-B, Assured Guaranty Municipal insured,
5.00% 8/1/2024 (escrowed to maturity)
|
260
|
260
|
|
|
Cathedral City, Successor Agcy. to the Redev. Agcy., Tax Allocation Housing Rev. Ref.
Bonds
(Merged Redev. Project Area), Series 2014-A, Assured Guaranty Municipal insured,
5.00% 8/1/2025
|
620
|
622
|
|
|
Cerritos Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2004 Election,
Series 2012-D,
0% 8/1/2027
|
830
|
755
|
|
|
Chabot-Las Positas Community College Dist., G.O. Rev. Ref. Bonds, Series 2016, 4.00%
8/1/2033
|
1,580
|
1,595
|
|
|
City of Chino, Community Facs. Dist. No. 2003-3, Special Tax Bonds, Series 2021, 4.00%
9/1/2027
|
465
|
465
|
|
|
City of Chino, Community Facs. Dist. No. 2003-3, Special Tax Bonds, Series 2021, 4.00%
9/1/2028
|
480
|
480
|
|
|
City of Chino, Community Facs. Dist. No. 2003-3, Special Tax Bonds, Series 2021, 4.00%
9/1/2029
|
500
|
500
|
|
Private Client Services Funds — Page 1 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
City of Chino, Community Facs. Dist. No. 2003-3, Special Tax Bonds, Series 2021, 4.00%
9/1/2030
|
USD520
|
$518
|
|
|
City of Chino, Community Facs. Dist. No. 2003-3, Special Tax Bonds, Series 2021, 4.00%
9/1/2031
|
540
|
537
|
|
|
City of Chino, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds,
Series 2014-A,
BAM insured, 5.00% 9/1/2025
|
665
|
666
|
|
|
City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program),
Series 2019-D,
5.00% 9/1/2024
|
465
|
465
|
|
|
City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program),
Series 2019-D,
5.00% 9/1/2026
|
780
|
798
|
|
|
City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program),
Series 2019-D,
5.00% 9/1/2027
|
430
|
445
|
|
|
City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program),
Series 2019-D,
5.00% 9/1/2028
|
355
|
371
|
|
|
City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program),
Series 2019-D,
5.00% 9/1/2029
|
225
|
238
|
|
|
City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program),
Series 2019-D,
5.00% 9/1/2030
|
60
|
64
|
|
|
Clovis Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2004 Election,
Series 2006-B,
National insured, 0% 8/1/2030
|
1,000
|
828
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2021-B-1,
4.00% 2/1/2052 (put 8/1/2031)
|
8,975
|
9,070
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2021-A,
4.00% 10/1/2052 (put 12/1/2027)
|
1,600
|
1,617
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2022-A-1,
4.00% 5/1/2053 (put 8/1/2028)
|
6,670
|
6,730
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-B-1,
5.00% 7/1/2053 (put 8/1/2029)
|
9,720
|
10,319
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2021-B-1,
5.00% 12/1/2053 (put 8/1/2029)
|
3,945
|
4,166
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-E-1,
5.00% 2/1/2054 (put 3/1/2031)
|
5,720
|
6,134
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-A,
5.00% 5/1/2054 (put 4/1/2032)
|
500
|
541
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-D,
5.50% 5/1/2054 (put 8/1/2028)
|
5,000
|
5,366
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-G,
5.25% 11/1/2054 (put 4/1/2030)
|
5,465
|
5,881
|
|
|
Compton Community College Dist., G.O. Rev. Ref. Bonds, Series 2015, BAM insured,
5.00% 8/1/2029 (preref. 8/1/2025)
|
1,000
|
1,021
|
|
|
Compton Community College Dist., G.O. Rev. Ref. Bonds, 2014 Election, Series 2024-B,
BAM insured,
5.00% 8/1/2035
|
625
|
749
|
|
|
Compton Community College Dist., G.O. Rev. Ref. Bonds, 2014 Election, Series 2024-B,
BAM insured,
5.00% 8/1/2036
|
795
|
948
|
|
|
Compton Community College Dist., G.O. Rev. Ref. Bonds, 2014 Election, Series 2024-B,
BAM insured,
5.00% 8/1/2037
|
855
|
1,018
|
|
|
Compton Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2015 Election,
Series 2019-B,
BAM insured, 0% 6/1/2033
|
1,750
|
1,249
|
|
|
Corona-Norco Unified School Dist., Community Facs. Dist. No. 05-1, Special Tax Bonds,
Series 2016,
5.00% 9/1/2036
|
2,010
|
2,057
|
|
|
Davis Joint Unified School Dist., G.O Bonds, 2018 Election, Series 2020, BAM insured,
3.00% 8/1/2034
|
750
|
695
|
|
|
Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series
2019, 4.00% 9/1/2026
|
400
|
403
|
|
|
Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series
2019, 5.00% 9/1/2027
|
880
|
927
|
|
|
Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series
2019, 5.00% 9/1/2028
|
925
|
982
|
|
|
Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series
2019, 5.00% 9/1/2029
|
675
|
723
|
|
|
Desert Community College Dist., G.O. Rev. Ref. Bonds, Series 2016, 5.00% 8/1/2032
(preref. 2/1/2026)
|
1,885
|
1,947
|
|
Private Client Services Funds — Page 2 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
City of Dublin, Community Facs. Dist. No. 2015-1 (Dublin Crossing), Improvement Area
No. 3, Special Tax Bonds,
Series 2021, 3.00% 9/1/2025
|
USD265
|
$262
|
|
|
East Bay Municipal Utility Dist., Water System Rev. Ref. Bonds, Series 2015-A, 5.00%
6/1/2027
|
3,550
|
3,612
|
|
|
East Side Union High School Dist., G.O. Bonds, 2014 Election, Series 2023-D, 5.00%
8/1/2030
|
570
|
641
|
|
|
Eastern Municipal Water Dist., Fin. Auth., Water and Wastewater Rev. Ref. Bonds, Series
2020-A, 2.75% 7/1/2028
|
535
|
520
|
|
|
Eastern Municipal Water Dist., Water and Wastewater Rev. Ref. Bonds, Series 2021-A,
4.00% 7/1/2029
|
1,210
|
1,285
|
|
|
Educational Facs. Auth., Rev. Bonds (Chapman University), Series 2021-A, 5.00% 4/1/2028
|
1,375
|
1,476
|
|
|
City of El Centro, Fncg. Auth., Wastewater Rev. Ref. Bonds, Series 2014-A, Assured
Guaranty Municipal insured,
5.00% 10/1/2026
|
530
|
532
|
|
|
City of El Centro, Fncg. Auth., Wastewater Rev. Ref. Bonds, Series 2014-A, Assured
Guaranty Municipal insured,
5.00% 10/1/2027
|
500
|
502
|
|
|
City of El Centro, Fncg. Auth., Wastewater Rev. Ref. Bonds, Series 2014-A, Assured
Guaranty Municipal insured,
5.00% 10/1/2030
|
1,000
|
1,003
|
|
|
County of El Dorado, Community Facs. Dist. No. 1992-1 (El Dorado Hills Dev.), Special
Tax Rev. Ref. Bonds,
Series 2012, 5.00% 9/1/2024
|
855
|
856
|
|
|
El Rancho Unified School Dist., G.O. Bonds, 2016 Election, Series 2023-D, BAM insured,
5.50% 8/1/2028
|
235
|
258
|
|
|
City of Elk Grove, Fin. Auth., Special Tax Rev. Bonds, Series 2015, 5.00% 9/1/2025
|
580
|
590
|
|
|
Elk Grove Unified School Dist., G.O. Bonds, 2016 Election, Series 2021, 2.00% 8/1/2039
|
500
|
365
|
|
|
Escondido Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election,
Series 2009-A,
0% 8/1/2027
|
3,000
|
2,734
|
|
|
Etiwanda School Dist., G.O. Bonds, 2016 Election, Series 2020-A, 4.00% 8/1/2029
|
570
|
599
|
|
|
Folsom Cordova Unified School Dist., School Facs. Improvement Dist. No. 1, G.O. Bonds,
Capital Appreciation Bonds, 2002 Election, Series 2004-B, National insured, 0% 10/1/2026
|
1,000
|
936
|
|
|
City of Fontana, Community Facs. Dist. No. 86 (Etiwanda Ridge), Special Tax Bonds,
Series 2020, 4.00% 9/1/2026
|
100
|
101
|
|
|
City of Fontana, Community Facs. Dist. No. 86 (Etiwanda Ridge), Special Tax Bonds,
Series 2020, 4.00% 9/1/2027
|
120
|
121
|
|
|
City of Fontana, Public Facs. Fin. Auth., Special Tax Rev. Ref. Bonds, Series 2021-A,
4.00% 9/1/2027
|
625
|
628
|
|
|
City of Fontana, Public Facs. Fin. Auth., Special Tax Rev. Ref. Bonds, Series 2021-A,
4.00% 9/1/2029
|
390
|
392
|
|
|
Foothill/Eastern Transportation Corridor Agcy., Toll Road Rev. Bonds, Capital Appreciation
Bonds, Series 1995-A,
0% 1/1/2025 (escrowed to maturity)
|
5,000
|
4,938
|
|
|
Foothill/Eastern Transportation Corridor Agcy., Toll Road Rev. Bonds, Capital Appreciation
Bonds, Series 1995-A,
0% 1/1/2028 (escrowed to maturity)
|
2,000
|
1,813
|
|
|
Foothill-De Anza Community College Dist., G.O. Bonds, Capital Appreciation Bonds,
2006 Election,
AMBAC insured, Series 2007-B, 0% 8/1/2032
|
1,000
|
783
|
|
|
G.O. Bonds, Series 2021, 4.00% 10/1/2026
|
1,000
|
1,025
|
|
|
G.O. Bonds, Series 2020, 4.00% 3/1/2028
|
750
|
780
|
|
|
G.O. Bonds, Series 2022, 5.00% 4/1/2028
|
1,000
|
1,076
|
|
|
G.O. Bonds, Series 2021, 5.00% 10/1/2029
|
2,000
|
2,213
|
|
|
G.O. Bonds, Series 2018, 5.00% 10/1/2030
|
1,000
|
1,079
|
|
|
G.O. Bonds, Series 2019, 5.00% 11/1/2032
|
1,270
|
1,370
|
|
|
G.O. Bonds, Series 2023, 5.00% 9/1/2034
|
7,000
|
8,175
|
|
|
G.O. Bonds, Series 2023, 5.00% 10/1/2034
|
2,920
|
3,390
|
|
|
G.O. Rev. Ref. Bonds, Series 2023, 5.00% 9/1/2026
|
4,000
|
4,174
|
|
|
G.O. Rev. Ref. Bonds, Series 2019, 5.00% 4/1/2027
|
745
|
786
|
|
|
G.O. Rev. Ref. Bonds, Series 2019, 5.00% 4/1/2028
|
685
|
737
|
|
|
G.O. Rev. Ref. Bonds, Series 2020, 5.00% 11/1/2028
|
3,420
|
3,722
|
|
|
G.O. Rev. Ref. Bonds, Series 2017, 5.00% 11/1/2029
|
6,000
|
6,366
|
|
|
G.O. Rev. Ref. Bonds, Series 2017, 5.00% 8/1/2030
|
1,335
|
1,407
|
|
|
G.O. Rev. Ref. Bonds, Series 2018-C, 5.00% 8/1/2030
|
3,535
|
3,804
|
|
|
G.O. Rev. Ref. Bonds, Series 2021, 5.00% 9/1/2030
|
3,500
|
3,928
|
|
|
G.O. Rev. Ref. Bonds, Series 2019, 5.00% 4/1/2031
|
3,000
|
3,398
|
|
|
G.O. Rev. Ref. Bonds, Series 2023, 5.00% 9/1/2031
|
1,000
|
1,140
|
|
|
G.O. Rev. Ref. Bonds, Series 2021-C, 5.00% 10/1/2031
|
1,000
|
1,141
|
|
|
G.O. Rev. Ref. Bonds, Series 2020, 5.00% 3/1/2032
|
4,000
|
4,440
|
|
|
G.O. Rev. Ref. Bonds, Series 2007, Assured Guaranty Municipal insured, 5.25% 8/1/2032
|
2,000
|
2,306
|
|
|
G.O. Rev. Ref. Bonds, Series 2024, 5.00% 9/1/2035
|
3,000
|
3,519
|
|
Private Client Services Funds — Page 3 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
City of Glendale, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds
(Central Glendale Redev. Project), Series 2016, BAM insured, 5.00% 12/1/2024
|
USD425
|
$427
|
|
|
Glendale Community College Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds,
2016 Election,
Series 2020-B, 0% 8/1/2036
|
1,240
|
781
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed
Bonds,
Capital Appreciation Bonds, Series 2005-A, Assured Guaranty Municipal insured,
0% 6/1/2025 (escrowed to maturity)
|
6,000
|
5,850
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed
Bonds,
Capital Appreciation Bonds, Series 2005-A, AMBAC insured, 0% 6/1/2027 (escrowed to
maturity)
|
1,325
|
1,212
|
|
|
Greenfield Elementary School Dist., G.O. Bonds, Capital Appreciation Bonds, 2006 Election,
Series 2007-A,
Assured Guaranty Municipal insured, 0% 8/1/2029
|
1,270
|
1,063
|
|
|
City of Grossmont, Healthcare Dist., G.O. Bonds, Capital Appreciation Bonds, 2006
Election, Series 2007-A,
AMBAC insured, 0% 7/15/2032
|
1,500
|
1,153
|
|
|
City of Hawthorne, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds,
Series 2016,
Assured Guaranty Municipal insured, 5.00% 9/1/2024
|
250
|
250
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Adventist Health System/West), Series 2024-A,
5.00% 12/1/2028
|
1,000
|
1,071
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (El Camino Hospital), Series 2017, 5.00% 2/1/2025
|
1,000
|
1,010
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Episcopal Communities & Services), Series 2024-A,
3.85% 11/15/2027
|
1,520
|
1,526
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Lucile Salter Packard Children’s Hospital at Stanford), Series 2014-A,
5.00% 8/15/2025
|
400
|
401
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (PIH Health), Series 2020-A, 5.00% 6/1/2030
|
1,900
|
2,071
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Providence St. Joseph Health), Series 2019-B,
5.00% 10/1/2039 (put 10/1/2027)
|
3,135
|
3,262
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Scripps Health), Series 2024-A, 5.00% 11/15/2037
|
5,000
|
5,841
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Stanford Health Care), Series 2021-A, 3.00%
8/15/2054 (put 8/15/2025)
|
5,470
|
5,437
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2018-A, 5.00% 11/15/2025
|
2,620
|
2,685
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2016-A, 5.00% 11/15/2026
(preref. 11/15/2025)
|
300
|
308
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2018-A, 5.00% 11/15/2026
|
2,300
|
2,398
|
|
|
Health Facs. Fncg. Auth., Rev. Ref. Bonds (Adventist Health System/West), Series 2016-A,
4.00% 3/1/2025
|
1,270
|
1,273
|
|
|
Health Facs. Fncg. Auth., Rev. Ref. Bonds (Lucile Salter Packard Children’s Hospital at Stanford), Series 2022-A,
5.00% 5/15/2026
|
830
|
858
|
|
|
Health Facs. Fncg. Auth., Rev. Ref. Bonds (Stanford Health Care), Series 2017-A, 5.00%
11/15/2024
|
1,000
|
1,006
|
|
|
Health Facs. Fncg. Auth., Rev. Ref. Bonds (Stanford Health Care), Series 2017-A, 5.00%
11/15/2026
|
1,750
|
1,840
|
|
|
Health Facs. Fncg. Auth., Rev. Ref. Bonds (Stanford Health Care), Series 2017-A, 5.00%
11/15/2032
|
4,575
|
4,863
|
|
|
Hemet Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2015, 5.00%
9/1/2026
|
600
|
605
|
|
|
Housing Fin. Agcy., Limited Obligation Multi Family Housing Rev. Bonds (Symphony at
Del Sur), Series 2023-V,
5.00% 5/1/2054 (put 11/1/2026)
|
2,565
|
2,650
|
|
|
Housing Fin. Agcy., Municipal Certs., Series 2021-A-3, 3.25% 8/20/2036
|
1,208
|
1,134
|
|
|
Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving
Fund), Series 2019-B,
5.00% 11/1/2025
|
100
|
102
|
|
|
Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving
Fund), Series 2019-B,
5.00% 11/1/2026
|
125
|
130
|
|
|
Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving
Fund), Series 2019-B,
5.00% 11/1/2027
|
110
|
116
|
|
|
Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving
Fund), Series 2019-B,
5.00% 11/1/2028
|
375
|
401
|
|
|
Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving
Fund), Series 2019-B,
5.00% 11/1/2029
|
140
|
150
|
|
|
Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving
Fund), Series 2019-B,
5.00% 11/1/2030
|
340
|
363
|
|
|
Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (J. Paul Getty Trust), Series
2020-A-1, 4.00% 4/1/2030
|
825
|
882
|
|
|
Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (Segerstrom Center for the Arts),
Series 2016-B,
5.00% 7/1/2026
|
3,855
|
4,246
|
|
|
City of Inglewood, Successor Agcy. to the Redev. Agcy., Tax Allocation Bonds (Merged
Redev. Project),
Series 2017-A, BAM insured, 5.00% 5/1/2031
|
500
|
523
|
|
Private Client Services Funds — Page 4 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
City of Inglewood, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds
(Merged Redev. Project),
Series 2017-A, BAM insured, 5.00% 5/1/2027
|
USD650
|
$682
|
|
|
City of Irvine, Facs. Fncg. Auth., Special Tax Rev. Bonds (Irvine Great Park Infrastructure
Project), Series 2023-A,
5.00% 9/1/2033
|
1,200
|
1,408
|
|
|
City of Irvine, Facs. Fncg. Auth., Special Tax Rev. Bonds (Irvine Great Park Infrastructure
Project), Series 2023-A,
5.00% 9/1/2034
|
2,120
|
2,483
|
|
|
City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds,
Series 2013, 5.00% 9/2/2024
|
725
|
726
|
|
|
City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds,
Series 2015, 5.00% 9/2/2024
|
1,250
|
1,252
|
|
|
City of Irvine, Reassessment Dist. No. 19-1, Limited Obligation Improvement Bonds,
Series 2019, 5.00% 9/2/2024
|
210
|
210
|
|
|
City of Irvine, Reassessment Dist. No. 19-1, Limited Obligation Improvement Bonds,
Series 2019, 5.00% 9/2/2025
|
250
|
255
|
|
|
City of Irvine, Reassessment Dist. No. 21-1, Limited Obligation Improvement Bonds,
Series 2021, 4.00% 9/2/2025
|
500
|
503
|
|
|
City of Irvine, Reassessment Dist. No. 21-1, Limited Obligation Improvement Bonds,
Series 2021, 4.00% 9/2/2028
|
500
|
515
|
|
|
City of Irvine, Reassessment Dist. No. 21-1, Limited Obligation Improvement Bonds,
Series 2021, BAM insured,
4.00% 9/2/2030
|
1,265
|
1,319
|
|
|
Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series
2017-A, 5.00% 9/1/2025
|
575
|
584
|
|
|
Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series
2017-A, 5.00% 9/1/2026
|
385
|
397
|
|
|
Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series
2019-A, 5.00% 9/1/2027
|
140
|
147
|
|
|
Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series
2019-A, 5.00% 9/1/2028
|
345
|
366
|
|
|
Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series
2019-A, 5.00% 9/1/2030
|
210
|
227
|
|
|
City of Jurupa, Public Fncg. Auth., Special Tax Rev. Bonds, Series 2014-A, 5.00% 9/1/2029
|
710
|
711
|
|
|
City of Jurupa, Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2020-A, BAM
insured, 4.00% 9/1/2027
|
1,615
|
1,670
|
|
|
Jurupa Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds
(Community Facs. Dists. Nos. 10, 12, 13 and 15), Series 2021-A, BAM insured, 4.00%
9/1/2029
|
335
|
348
|
|
|
Jurupa Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds
(Community Facs. Dists. Nos. 10, 12, 13 and 15), Series 2021-A, BAM insured, 4.00%
9/1/2031
|
375
|
392
|
|
|
Kings Canyon Joint Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016, Assured
Guaranty Municipal insured,
5.00% 8/1/2029
|
1,600
|
1,639
|
|
|
La Habra School Dist., G.O. Bonds, Capital Appreciation Bonds, 2000 Election, Series
2002-A,
Assured Guaranty Municipal insured, 0% 8/1/2026
|
1,010
|
944
|
|
|
Lakeside Union School Dist., G.O. Rev. Ref. Bonds, Series 2016, 5.00% 8/1/2029
|
1,785
|
1,873
|
|
|
City of Lodi, Public Fin. Auth., Rev. Ref. Bonds, Series 2018, Assured Guaranty Municipal
insured, 5.00% 9/1/2024
|
260
|
260
|
|
|
Long Beach Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election,
Series 2008-A,
Assured Guaranty Municipal insured, 0% 6/1/2027
|
3,865
|
3,547
|
|
|
Los Altos School Dist., G.O. Bonds, 2014 Election, Capital Appreciation Bonds, Series
2019-A, 4.00% 8/1/2029
|
1,000
|
1,037
|
|
|
City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. and
Rev. Ref. Bonds, Series 2021-B,
5.00% 5/15/2031
|
420
|
481
|
|
|
City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds,
Series 2019-E,
5.00% 5/15/2039
|
1,130
|
1,216
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-B,
5.00% 7/1/2025
|
1,875
|
1,907
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-D,
5.00% 7/1/2025
|
500
|
510
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2022-A,
5.00% 7/1/2030
|
775
|
876
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2022-B,
5.00% 7/1/2032
|
870
|
1,010
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-D,
5.00% 7/1/2033
|
685
|
733
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2021-C,
5.00% 7/1/2033
|
1,500
|
1,710
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2022-B,
5.00% 7/1/2033
|
1,345
|
1,558
|
|
|
City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2020-A,
5.00% 7/1/2028
|
650
|
707
|
|
|
City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2024-B,
5.00% 7/1/2037
|
5,000
|
5,930
|
|
|
City of Los Angeles, Solid Waste Resources Rev. Bonds, Series 2023-A, 5.00% 2/1/2025
|
990
|
1,001
|
|
|
County of Los Angeles, Community Facs. Dist. No. 2021-01 (Valencia Facs.), Improvement
Area No. 1,
Special Tax Bonds, Series 2022, 5.00% 9/1/2027
|
100
|
105
|
|
|
County of Los Angeles, Community Facs. Dist. No. 2021-01 (Valencia Facs.), Improvement
Area No. 1,
Special Tax Bonds, Series 2022, 5.00% 9/1/2031
|
225
|
243
|
|
|
County of Los Angeles, Community Facs. Dist. No. 2021-01 (Valencia Facs.), Improvement
Area No. 1,
Special Tax Bonds, Series 2022, 5.00% 9/1/2032
|
175
|
188
|
|
Private Client Services Funds — Page 5 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
County of Los Angeles, Community Facs. Dist. No. 2021-01 (Valencia Facs.), Improvement
Area No. 1,
Special Tax Bonds, Series 2022, 5.00% 9/1/2033
|
USD170
|
$183
|
|
|
County of Los Angeles, Dev. Auth., Multi Family Housing Mortgage Rev. Bonds (Long
Beach Senior Housing),
Series 2022, 2.00% 2/1/2026 (put 2/1/2025)
|
3,350
|
3,309
|
|
|
County of Los Angeles, Dev. Auth., Multi Family Housing Rev. Bonds
(West LA VA - Building 156 & 157 Apartments), Series 2023-C, 3.75% 12/1/2046 (put
12/1/2026)
|
1,360
|
1,366
|
|
|
County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev.
Bonds, Series 2021-A,
4.00% 6/1/2036
|
3,450
|
3,664
|
|
|
County of Los Angeles, Metropolitan Transportation Auth., Proposition C Sales Tax
Rev. Bonds,
Series 2021-A, 5.00% 7/1/2034
|
1,000
|
1,145
|
|
|
County of Los Angeles, Metropolitan Transportation Auth., Proposition C Sales Tax
Rev. Ref. Bonds,
Series 2023-A, 5.00% 7/1/2034
|
1,075
|
1,271
|
|
|
County of Los Angeles, Public Works Fncg. Auth., Lease Rev. Bonds, Series 2016-D,
5.00% 12/1/2027
|
1,500
|
1,541
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Bonds, Series 2024-A,
5.00% 7/1/2025
|
2,260
|
2,305
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Bonds, Series 2024-A,
5.00% 7/1/2034
|
1,150
|
1,367
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Bonds, Series 2020-RYQ,
4.00% 7/1/2036
|
3,000
|
3,145
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Bonds, 2008 Election,
Series 2018-B-1, BAM insured, 5.00% 7/1/2036
|
1,000
|
1,062
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Rev. Ref. Bonds,
Series 2021-A, 4.00% 7/1/2032
|
1,395
|
1,484
|
|
|
Los Angeles Unified School Dist., G.O. Rev. Ref. Bonds, Series 2019-A, 3.00% 1/1/2034
|
4,780
|
4,506
|
|
|
Los Rios Community College Dist., G.O. Bonds, 2008 Election, Series 2021-E, 3.00%
8/1/2033
|
1,750
|
1,669
|
|
|
Los Rios Community College Dist., G.O. Bonds, 2008 Election, Series 2021-E, 3.00%
8/1/2034
|
2,750
|
2,593
|
|
|
Madera Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2002 Election,
Series 2006,
Assured Guaranty Municipal insured, 0% 8/1/2029
|
585
|
497
|
|
|
Manhattan Beach Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, Series
1999-C,
FGIC-National insured, 0% 9/1/2024
|
2,595
|
2,589
|
|
|
Manteca Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2004 Election,
Series 2006,
National insured, 0% 8/1/2027
|
560
|
507
|
|
|
Menifee Union School Dist., Community Facs. Dist. No. 2011-1, Improvement Area No.
5, Special Tax Bonds,
Series 2021, 4.00% 9/1/2028
|
275
|
276
|
|
|
City of Merced Irrigation Dist., Electric System Rev. Ref. Bonds, Series 2015-A,
Assured Guaranty Municipal insured, 5.00% 10/1/2028
|
250
|
257
|
|
|
Merced Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election,
Series 2011-C,
0% 8/1/2033
|
615
|
453
|
|
|
Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2019-A,
5.00% 7/1/2027
|
550
|
586
|
|
|
Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2022-B,
5.00% 7/1/2033
|
500
|
584
|
|
|
Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2022-B,
5.00% 7/1/2034
|
500
|
584
|
|
|
Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2024-B-3,
5.00% 7/1/2037 (put 7/1/2031)
|
1,875
|
2,092
|
|
|
Modesto Irrigation Dist. Fncg. Auth., Electric System Rev. Bonds, Series 2023-A, 5.00%
10/1/2031
|
900
|
1,026
|
|
|
Modesto Irrigation Dist. Fncg. Auth., Electric System Rev. Bonds, Series 2023-A, 5.00%
10/1/2034
|
700
|
830
|
|
|
Montebello Unified School Dist., G.O. Rev. Ref. Bonds, Series 2015, 5.00% 8/1/2028
|
1,545
|
1,559
|
|
|
Moreno Valley Unified School Dist., Fin. Auth. Special Tax Rev. Bonds, Series 2018-A,
5.00% 9/1/2030
|
425
|
443
|
|
|
Moreno Valley Unified School Dist., Fin. Auth. Special Tax Rev. Bonds, Series 2024-A,
5.00% 9/1/2034
|
1,250
|
1,458
|
|
|
Moreno Valley Unified School Dist., Fin. Auth. Special Tax Rev. Bonds, Series 2024-A,
5.00% 9/1/2035
|
500
|
580
|
|
|
Mountain View - Los Altos Union School Dist., G.O. Bonds, 2018 Election, Series 2022-C,
4.00% 8/1/2031
|
2,465
|
2,682
|
|
|
Mt. Diablo Unified School Dist., G.O. Rev. Ref. Bonds, Series 2023, 5.00% 6/1/2031
|
1,000
|
1,145
|
|
|
Municipal Fin. Auth., Certs. of Part. (Palomar Health), Series 2022-A, Assured Guaranty
Municipal insured,
5.00% 11/1/2028
|
125
|
134
|
|
|
Municipal Fin. Auth., Educational Rev. Bonds (American Heritage Education Foundation
Project), Series 2016-A,
4.00% 6/1/2026
|
85
|
84
|
|
Private Client Services Funds — Page 6 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Municipal Fin. Auth., Multi Family Housing Rev. Bonds (Gibson Drive Apartments Project),
Series 2024-B,
3.75% 6/1/2028 (put 6/1/2027)
|
USD595
|
$602
|
|
|
Municipal Fin. Auth., Multi Family Housing Rev. Bonds (Terracina at Westpark Apartments),
Series 2024-A,
3.20% 9/1/2045 (put 8/1/2027)
|
3,365
|
3,367
|
|
|
Municipal Fin. Auth., Rev. and Rev. Ref. Bonds (HumanGood California Obligated Group),
Series 2019-A,
4.00% 10/1/2030
|
2,510
|
2,530
|
|
|
Municipal Fin. Auth., Rev. Bonds (California Institute of the Arts), Series 2021,
4.00% 10/1/2033
|
250
|
252
|
|
|
Municipal Fin. Auth., Rev. Bonds (California Lutheran University), Series 2018, 5.00%
10/1/2026
|
900
|
928
|
|
|
Municipal Fin. Auth., Rev. Bonds (Community Health System), Series 2021-A, 5.00% 2/1/2027
|
955
|
985
|
|
|
Municipal Fin. Auth., Rev. Bonds (Community Health System), Series 2021-A, 5.00% 2/1/2028
|
750
|
780
|
|
|
Municipal Fin. Auth., Rev. Bonds (Community Health System), Series 2021-A, 5.00% 2/1/2029
|
825
|
867
|
|
|
Municipal Fin. Auth., Rev. Bonds (Retirement Housing Foundation), Series 2017-A,
5.00% 11/15/2024 (escrowed to maturity)
|
300
|
302
|
|
|
Municipal Fin. Auth., Rev. Ref. Bonds (Biola University), Series 2017, 5.00% 10/1/2026
|
335
|
345
|
|
|
Municipal Fin. Auth., Rev. Ref. Bonds (Harbor Regional Center Project), Series 2015,
5.00% 11/1/2025
|
500
|
511
|
|
|
Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A,
4.00% 10/1/2028
|
1,600
|
1,612
|
|
|
Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A,
4.00% 10/1/2029
|
1,135
|
1,144
|
|
|
Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A,
4.00% 10/1/2031
|
550
|
554
|
|
|
Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A,
4.00% 10/1/2035
|
1,000
|
1,006
|
|
|
Murrieta Valley Unified School Dist., Public Fncg. Auth., Special Tax Rev. Bonds,
Series 2016-A, 5.00% 9/1/2030
|
525
|
539
|
|
|
Napa Valley Community College Dist., G.O. Rev. Ref. Bonds, Convertible Capital Appreciation
Bonds,
Series 2018, 4.00% 8/1/20332
|
2,190
|
2,213
|
|
|
Napa Valley Unified School Dist., G.O. Bonds, 2016 Election, Series 2019-C, Assured
Guaranty Municipal insured,
4.00% 8/1/2034
|
1,030
|
1,044
|
|
|
New Haven Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, Series 2008-C,
Assured Guaranty insured, 0% 8/1/2030
|
5,075
|
4,158
|
|
|
Newport-Mesa Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2005 Election,
Series 2007,
National insured, 0% 8/1/2030
|
2,575
|
2,130
|
|
|
Newport-Mesa Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2005 Election,
Series 2007,
National insured, 0% 8/1/2031
|
1,000
|
799
|
|
|
Oak Park Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2006 Election,
Series 2009-B,
Assured Guaranty Municipal insured, 0% 8/1/2029
|
605
|
508
|
|
|
Oakland Unified School Dist., G.O. Bonds, Series 2016, 5.00% 8/1/2024 (escrowed to
maturity)
|
690
|
690
|
|
|
Oakland Unified School Dist., G.O. Bonds, Series 2016, 5.00% 8/1/2024
|
620
|
620
|
|
|
Oakland Unified School Dist., G.O. Bonds, 2006 Election, Series 2016-A, 5.00% 8/1/2026
|
1,325
|
1,378
|
|
|
Oakland Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-A, Assured Guaranty
Municipal insured,
5.00% 8/1/2028
|
1,000
|
1,060
|
|
|
Oakland Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-A, Assured Guaranty
Municipal insured,
4.00% 8/1/2034
|
2,000
|
2,037
|
|
|
Oakland Unified School Dist., G.O. Bonds, 2020 Election, Series 2023-A, Assured Guaranty
Municipal insured,
5.00% 8/1/2034
|
1,070
|
1,253
|
|
|
Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2015, Assured Guaranty
Municipal insured,
5.00% 8/1/2026
|
1,125
|
1,150
|
|
|
City of Ontario, Community Facs. Dist. No. 66 (Olive and Oleander Facs.), Special
Tax Bonds, Series 2024,
5.00% 9/1/2034
|
245
|
262
|
|
|
County of Orange, Airport Governmental Rev. Ref. Bonds, Series 2019-B, 5.00% 7/1/2025
(escrowed to maturity)
|
1,065
|
1,085
|
|
|
County of Orange, Airport Private Activity Rev. Ref. Bonds, Series 2019-A, 5.00% 7/1/2025
(escrowed to maturity)
|
1,000
|
1,019
|
|
|
County of Orange, Community Facs. Dist. No. 2016-1 (Village of Esencia), Special Tax
Bonds, Series 2016-A,
5.00% 8/15/2026
|
570
|
590
|
|
|
County of Orange, Community Facs. Dist. No. 2021-1 (Rienda), Special Tax Bonds, Series
2022-A,
4.00% 8/15/2024
|
130
|
130
|
|
|
County of Orange, Community Facs. Dist. No. 2021-1 (Rienda), Special Tax Bonds, Series
2022-A,
5.00% 8/15/2031
|
1,025
|
1,112
|
|
|
County of Orange, Community Facs. Dist. No. 2021-1 (Rienda), Special Tax Bonds, Series
2022-A,
5.00% 8/15/2032
|
1,000
|
1,083
|
|
Private Client Services Funds — Page 7 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
County of Orange, Community Facs. Dist. No. 2021-1 (Rienda), Special Tax Bonds, Series
2022-A,
5.00% 8/15/2033
|
USD500
|
$541
|
|
|
County of Orange, Community Facs. Dist. No. 2023-1 (Rienda Phase 2B), Special Tax
Bonds, Series 2023-A,
5.00% 8/15/2029
|
280
|
299
|
|
|
County of Orange, Community Facs. Dist. No. 2023-1 (Rienda Phase 2B), Special Tax
Bonds, Series 2023-A,
5.00% 8/15/2030
|
500
|
540
|
|
|
County of Orange, Community Facs. Dist. No. 2023-1 (Rienda Phase 2B), Special Tax
Bonds, Series 2023-A,
5.00% 8/15/2031
|
325
|
353
|
|
|
County of Orange, Community Facs. Dist. No. 2023-1 (Rienda Phase 2B), Special Tax
Bonds, Series 2023-A,
5.00% 8/15/2032
|
495
|
540
|
|
|
County of Orange, Community Facs. Dist. No. 2023-1 (Rienda Phase 2B), Special Tax
Bonds, Series 2023-A,
5.00% 8/15/2033
|
440
|
481
|
|
|
Palomar Community College Dist., G.O. Bonds, 2006 Election, Series 2015-C, 4.00% 8/1/2036
(preref. 8/1/2025)
|
550
|
557
|
|
|
Palomar Health, G.O. Rev. Ref. Bonds, Series 2016-A, 5.00% 8/1/2026
|
630
|
648
|
|
|
Paramount Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 1998 Election,
Series 2001-B,
Assured Guaranty Municipal insured, 0% 9/1/2025
|
3,000
|
2,904
|
|
|
Peninsula Corridor Joint Powers Board, Farebox Rev. Bonds, Series 2019-A, 5.00% 10/1/2026
|
250
|
260
|
|
|
Peninsula Corridor Joint Powers Board, Farebox Rev. Bonds, Series 2019-A, 5.00% 10/1/2027
|
200
|
211
|
|
|
Peninsula Corridor Joint Powers Board, Farebox Rev. Bonds, Series 2019-A, 5.00% 10/1/2028
|
285
|
306
|
|
|
Peninsula Corridor Joint Powers Board, Farebox Rev. Bonds, Series 2019-A, 5.00% 10/1/2029
|
400
|
436
|
|
|
Perris Union High School Dist., Fncg. Auth., Rev. Bonds, Series 2015, 5.00% 9/1/2024
|
1,000
|
1,001
|
|
|
Perris Union High School Dist., Fncg. Auth., Rev. Bonds, Series 2015, 5.00% 9/1/2032
|
2,675
|
2,694
|
|
|
Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 9/1/2028
|
185
|
193
|
|
|
Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 9/1/2029
|
200
|
211
|
|
|
Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 9/1/2030
|
215
|
226
|
|
|
Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 9/1/2031
|
350
|
367
|
|
|
Pleasant Valley School Dist., G.O. Bonds, 8/1/2029 Election, Series A, 5.00% 8/1/2029
(preref. 8/1/2026)
|
645
|
675
|
|
|
Pollution Control Fncg. Auth., Water Facs. Rev. Bonds (American Water Capital Corp.
Project), Series 2020,
3.70% 8/1/2040 (put 9/1/2028)
|
3,550
|
3,571
|
|
|
Public Fin. Auth., Reassessment Rev. Ref. Bonds, Series 2019, 5.00% 9/2/2029
|
1,000
|
1,064
|
|
|
Public Fin. Auth., Rev. Bonds (Hoag Memorial Hospital Presbyterian), Series 2022-A,
5.00% 7/15/2028
|
250
|
272
|
|
|
Public Fin. Auth., Rev. Bonds (Hoag Memorial Hospital Presbyterian), Series 2022-A,
5.00% 7/15/2030
|
250
|
282
|
|
|
Public Fin. Auth., Rev. Bonds (Hoag Memorial Hospital Presbyterian), Series 2022-A,
5.00% 7/15/2033
|
330
|
378
|
|
|
Public Fin. Auth., Rev. Bonds (Hoag Memorial Hospital Presbyterian), Series 2022-A,
5.00% 7/15/2034
|
350
|
401
|
|
|
Public Fin. Auth., Rev. Ref. Bonds (O’Conner Woods), Series 2022, 4.00% 1/1/2028
|
450
|
463
|
|
|
Public Fin. Auth., Rev. Ref. Bonds (O’Conner Woods), Series 2022, 4.00% 1/1/2029
|
500
|
518
|
|
|
Public Fin. Auth., Rev. Ref. Bonds (O’Conner Woods), Series 2022, 4.00% 1/1/2031
|
520
|
545
|
|
|
Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2016-D,
5.00% 4/1/2028
|
400
|
416
|
|
|
Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2022-C,
5.00% 8/1/2033
|
350
|
396
|
|
|
City of Rancho Cucamonga, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev.
Ref. Bonds
(Rancho Redev. Project Area), Series 2014, Assured Guaranty Municipal insured, 5.00%
9/1/2026
|
600
|
601
|
|
|
City of Rancho Cucamonga, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev.
Ref. Bonds
(Rancho Redev. Project Area), Series 2014, Assured Guaranty Municipal insured, 5.00%
9/1/2028
|
300
|
301
|
|
|
Rialto Unified School Dist., G.O. Bonds, 2010 Election, Series 2019, 3.00% 8/1/2026
|
600
|
600
|
|
|
Rialto Unified School Dist., G.O. Bonds, 2010 Election, Series 2019, 3.00% 8/1/2027
|
750
|
747
|
|
|
City of Richmond, Successor Agcy. to the Redev. Agcy., Rev. Ref. Bonds, Series 2014-A,
BAM insured,
5.00% 9/1/2025
|
200
|
200
|
|
|
Rio Elementary School Dist., Community Facs. Dist. No. 1, Special Tax Bonds, Series
2016, BAM insured,
5.00% 9/1/2032
|
240
|
250
|
|
|
River Islands Public Fncg. Auth., Community Facs. Dist. No. 2003-1, Special Tax Rev.
Ref. Bonds, Series 2022-A-1,
Assured Guaranty Municipal insured, 5.00% 9/1/2028
|
500
|
538
|
|
|
River Islands Public Fncg. Auth., Community Facs. Dist. No. 2003-1, Special Tax Rev.
Ref. Bonds, Series 2022-A-1,
Assured Guaranty Municipal insured, 5.00% 9/1/2029
|
500
|
547
|
|
|
Riverside Community College Dist., G.O. Bonds, 2004 Election, Series 2019-F, 3.00%
8/1/2034
|
580
|
552
|
|
Private Client Services Funds — Page 8 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Riverside Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2015,
BAM insured,
5.00% 9/1/2025
|
USD350
|
$354
|
|
|
Riverside Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2015,
BAM insured,
5.00% 9/1/2026
|
400
|
405
|
|
|
Riverside Unified School Dist., G.O. Bonds, 2016 Election, Series 2019, 4.00% 8/1/2029
|
850
|
876
|
|
|
City of Roseville, Community Facs. Dist. No. 1 (Westpark), Special Tax Rev. Ref. Bonds,
Series 2015,
5.00% 9/1/2024
|
1,000
|
1,001
|
|
|
City of Roseville, Community Facs. Dist. No. 1 (Westpark), Special Tax Rev. Ref. Bonds,
Series 2015,
5.00% 9/1/2032
|
2,000
|
2,026
|
|
|
Roseville Joint Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, 2004
Election, Series 2007-C,
Assured Guaranty Municipal insured, 0% 8/1/2025
|
700
|
679
|
|
|
Rowland Unified School Dist., G.O. Bonds, 2006 Election, Capital Appreciation Bonds,
Series 2009-B,
0% 8/1/2034
|
2,420
|
1,644
|
|
|
City of Sacramento, Municipal Utility Dist., Electric Rev. Ref. Bonds, Series 2023-D,
5.00% 8/15/2049 (put 7/13/2023)
|
3,150
|
3,491
|
|
|
County of Sacramento, Airport System Rev. Ref. Bonds, Series 2018-E, 5.00% 7/1/2027
|
1,015
|
1,080
|
|
|
County of Sacramento, Airport System Rev. Ref. Bonds, Series 2018-E, 5.00% 7/1/2030
|
200
|
215
|
|
|
Sacramento Transportation Auth., Sales Tax Rev. Ref. Bonds, Series 2023, 5.00% 10/1/2036
|
2,500
|
2,950
|
|
|
Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured,
4.00% 8/1/2027
|
585
|
602
|
|
|
Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2017-E, 5.00% 8/1/2027
|
555
|
588
|
|
|
Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured,
4.00% 8/1/2028
|
610
|
631
|
|
|
Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured,
4.00% 8/1/2029
|
635
|
660
|
|
|
Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2024, BAM insured, 5.00%
8/1/2025
|
210
|
214
|
|
|
Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2024, BAM insured, 5.00%
8/1/2026
|
220
|
229
|
|
|
Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2024, BAM insured, 5.00%
8/1/2027
|
575
|
610
|
|
|
Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2022, BAM insured, 5.00%
7/1/2030
|
1,050
|
1,169
|
|
|
Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2024-B, BAM insured,
5.00% 8/1/2037
|
855
|
989
|
|
|
City of San Diego, Community Facs. Dist. No. 2 (Santaluz), Improvement Area No. 1,
Special Tax Rev. Ref. Bonds,
Series 2021, 4.00% 9/1/2027
|
635
|
650
|
|
|
City of San Diego, Community Facs. Dist. No. 2 (Santaluz), Improvement Area No. 1,
Special Tax Rev. Ref. Bonds,
Series 2021, 4.00% 9/1/2028
|
875
|
897
|
|
|
City of San Diego, Community Facs. Dist. No. 2 (Santaluz), Improvement Area No. 1,
Special Tax Rev. Ref. Bonds,
Series 2021, 4.00% 9/1/2029
|
430
|
442
|
|
|
City of San Diego, Housing Auth., Multi Family Housing Rev. Bonds, Series 2023-B,
5.00% 5/1/2057 (put 11/1/2026)
|
3,575
|
3,702
|
|
|
City of San Diego, Public Facs. Fncg. Auth., Lease Rev. Bonds (Capital Improvement
Projects), Series 2021-A,
5.00% 10/15/2030
|
200
|
227
|
|
|
City of San Diego, Public Facs. Fncg. Auth., Lease Rev. Bonds (Capital Improvement
Projects), Series 2021-A,
5.00% 10/15/2031
|
150
|
169
|
|
|
City of San Diego, Public Facs. Fncg. Auth., Water Rev. Bonds, Series 2020-A, 5.00%
8/1/2029
|
500
|
557
|
|
|
County of San Diego, Community Facs. Dist. No. 2008-1 (Harmony Grove Village), Improvement
Area No. 2,
Special Tax Bonds, Series 2020-A, 4.00% 9/1/2026
|
255
|
255
|
|
|
County of San Diego, Grossmont Healthcare Dist., G.O. Rev. Ref. Bonds, Series 2021-E,
5.00% 7/15/2030
|
500
|
558
|
|
|
County of San Diego, Grossmont Healthcare Dist., G.O. Rev. Ref. Bonds, Series 2021-E,
5.00% 7/15/2031
|
625
|
705
|
|
|
County of San Diego, Regional Airport Auth., Airport Rev. and Rev. Ref. Bonds, Series
2019-A, 5.00% 7/1/2027
|
400
|
425
|
|
|
County of San Diego, Regional Airport Auth., Airport Rev. and Rev. Ref. Bonds, Series
2019-A, 5.00% 7/1/2028
|
320
|
347
|
|
|
County of San Diego, Regional Airport Auth., Airport Rev. and Rev. Ref. Bonds, Series
2019-A, 5.00% 7/1/2029
|
585
|
647
|
|
|
County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-A,
5.00% 7/1/2028
|
1,000
|
1,085
|
|
|
County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-A,
5.00% 7/1/2029
|
1,000
|
1,106
|
|
|
County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-B,
5.00% 7/1/2031
|
1,405
|
1,577
|
|
|
County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Bonds,
Series 2021-B,
5.00% 4/1/2029
|
320
|
353
|
|
|
County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Green
Bonds, Series 2020-A,
5.00% 4/1/2028
|
850
|
920
|
|
|
County of San Diego, Water Auth., Water Rev. Bonds, Series 2022-A, 5.00% 5/1/2028
|
250
|
271
|
|
Private Client Services Funds — Page 9 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
County of San Diego, Water Auth., Water Rev. Bonds, Series 2022-A, 5.00% 5/1/2029
|
USD500
|
$553
|
|
|
San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Bonds,
Series 2016-SR-1,
4.00% 7/1/2031
|
3,000
|
3,043
|
|
|
San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Bonds,
2008 Election,
Series 2012-E, 0% 7/1/2034
|
3,000
|
2,127
|
|
|
San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Rev.
Ref. Bonds,
Series 2015-R-4, 5.00% 7/1/2026
|
1,000
|
1,019
|
|
|
San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Rev.
Ref. Bonds,
Series 2015-R-4, 5.00% 7/1/2027
|
3,000
|
3,054
|
|
|
San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Rev.
Ref. Bonds,
Series 2016-R-5, 5.00% 7/1/2029
|
1,500
|
1,562
|
|
|
City and County of San Francisco, Airport Commission, San Francisco International
Airport, Rev. Ref. Bonds,
Series 2022-B-2, 5.00% 5/1/2027
|
4,000
|
4,245
|
|
|
City and County of San Francisco, Public Utilities Commission, Power Rev. Bonds, Series
2023-A,
5.00% 11/1/2035
|
525
|
610
|
|
|
City and County of San Francisco, Public Utilities Commission, Wastewater Rev. Green
Bonds, Series 2023-C,
4.00% 10/1/2048 (put 10/1/2029)
|
4,855
|
5,048
|
|
|
City and County of San Francisco, Successor Agcy. to the Redev. Agcy., Community Facs.
Dist. No. 6
(Mission Bay South Public Improvements), Special Tax Rev. Ref. Bonds, Series 2023,
Assured Guaranty Municipal insured, 5.00% 8/1/2033
|
1,000
|
1,158
|
|
|
City of San Francisco, Bay Area Rapid Transit Dist., G.O. Bonds, 2016 Election, Series
2020-C-1, 5.00% 8/1/2027
|
1,500
|
1,600
|
|
|
City of San Francisco, Bay Area Rapid Transit Dist., Sales Tax Rev. Ref. Bonds, Series
2015-A, 5.00% 7/1/2027
|
475
|
484
|
|
|
San Francisco Unified School Dist., G.O. Bonds, 2016 Election, Series 2020-B, 4.00%
6/15/2029
|
1,000
|
1,042
|
|
|
San Francisco Unified School Dist., G.O. Bonds, 2016 Election, Series 2020-B, 4.00%
6/15/2034
|
975
|
1,005
|
|
|
San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019,
5.00% 9/1/2024
|
65
|
65
|
|
|
San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019,
5.00% 9/1/2025
|
90
|
92
|
|
|
San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019,
5.00% 9/1/2026
|
155
|
160
|
|
|
San Joaquin Hills Transportation Corridor Agcy., Toll Road Rev. Ref. Bonds, Capital
Appreciation Bonds,
Series 1997-A, National insured, 0% 1/15/2025
|
285
|
281
|
|
|
City of San Jose, Airport Rev. Ref. Bonds, Series 2021-A, 5.00% 3/1/2029
|
500
|
550
|
|
|
City of San Jose, Airport Rev. Ref. Bonds, Series 2021-A, 5.00% 3/1/2030
|
250
|
280
|
|
|
City of San Jose, Airport Rev. Ref. Bonds, Series 2021-B, 5.00% 3/1/2032
|
1,250
|
1,416
|
|
|
City of San Jose, G.O. Bonds (Disaster Preparedness, Public Safety and Infrastructure),
Series 2021-A,
5.00% 9/1/2030
|
2,250
|
2,551
|
|
|
City of San Jose, Multi Family Housing Rev. Bonds (Parkmoor), Series 2023-F-2, 5.00%
6/1/2027 (put 6/1/2026)
|
1,045
|
1,075
|
|
|
San Jose Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2002 Election,
Series 2006-C,
National insured, 0% 8/1/2025
|
795
|
772
|
|
|
San Juan Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-N, 4.00% 8/1/2031
|
1,700
|
1,731
|
|
|
San Ramon Valley Unified School Dist., G.O. Bonds, 2012 Election, Series 2018, 5.00%
8/1/2024
|
1,000
|
1,000
|
|
|
Santa Clarita Community College Dist., G.O. Bonds, 2006 Election, Series 2014,
4.00% 8/1/2039 (preref. 8/1/2024)
|
3,000
|
3,000
|
|
|
Santa Margarita Water Dist., Community Facs. Dist. No. 99-1 (Talega), Special Tax
Rev. Ref. Bonds, Series 2014-B,
5.00% 9/1/2024
|
530
|
531
|
|
|
Santa Margarita Water Dist., Community Facs. Dist. No. 99-1 (Talega), Special Tax
Rev. Ref. Bonds, Series 2014-B,
5.00% 9/1/2025
|
375
|
375
|
|
|
Santa Monica-Malibu Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-E,
3.00% 8/1/2033
|
1,785
|
1,690
|
|
|
Santa Monica-Malibu Unified School Dist., School Facs. Improvement Dist. No. 1 (Santa
Monica Schools),
G.O. Bonds, 2018 Election, Series 2021-B, 4.00% 8/1/2025
|
405
|
410
|
|
|
Santa Monica-Malibu Unified School Dist., School Facs. Improvement Dist. No. 2 (Malibu
Schools),
G.O. Bonds, 2018 Election, Series 2021-B, 4.00% 8/1/2025
|
345
|
349
|
|
|
City of Santa Rosa, Wastewater Rev. Bonds, Capital Appreciation Bonds, Series 2002-B,
AMBAC insured,
0% 9/1/2025
|
5,800
|
5,599
|
|
|
Santa Rosa High School Dist., G.O. Bonds, 2014 Election, Series 2021-E, BAM insured,
4.00% 8/1/2027
|
500
|
517
|
|
|
Santa Rosa High School Dist., G.O. Bonds, 2014 Election, Series 2021-E, BAM insured,
4.00% 8/1/2029
|
500
|
527
|
|
Private Client Services Funds — Page 10 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Saugus Union School Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds, Series
2006,
FGIC-National insured, 0% 8/1/2024
|
USD1,210
|
$1,210
|
|
|
Saugus Union School Dist., Saugus/Hart School Facs. Fin. Auth., Community Facs. Dist.
No. 2006-1,
Special Tax Rev. Bonds, Series 2016, 5.00% 9/1/2024
|
500
|
501
|
|
|
Saugus Union School Dist., Saugus/Hart School Facs. Fin. Auth., Community Facs. Dist.
No. 2006-1,
Special Tax Rev. Bonds, Series 2016, 5.00% 9/1/2025
|
1,110
|
1,130
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (Granada Hills Charter Obligated Group),
Series 2019,
4.00% 7/1/20273
|
740
|
743
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (Granada Hills Charter Obligated Group),
Series 2019,
4.00% 7/1/20293
|
805
|
807
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (Granada Hills Charter Obligated Group),
Series 2019,
5.00% 7/1/20313
|
875
|
893
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP LA Projects), Series 2015-A, 3.625%
7/1/20253
|
385
|
383
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP LA Projects), Series 2017-A, 5.00%
7/1/20263
|
505
|
513
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP LA Projects), Series 2017-A, 5.00%
7/1/20273
|
730
|
754
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00%
7/1/20253
|
150
|
151
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00%
7/1/20253
|
105
|
106
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00%
7/1/20263
|
315
|
320
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00%
7/1/20263
|
110
|
112
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00%
7/1/20273
|
220
|
227
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00%
7/1/20273
|
100
|
103
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00%
7/1/20283
|
100
|
104
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00%
7/1/20293
|
300
|
316
|
|
|
School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00%
7/1/20303
|
200
|
212
|
|
|
City of Seal Beach, Community Facs. Dist. No. 2005-1 (Pacific Gateway Business Center),
Special Tax Rev. Ref. Bonds, Series 2016, 3.00% 9/1/2024
|
145
|
145
|
|
|
City of Seal Beach, Community Facs. Dist. No. 2005-1 (Pacific Gateway Business Center),
Special Tax Rev. Ref. Bonds, Series 2016, 3.00% 9/1/2025
|
365
|
360
|
|
|
City of Seal Beach, Community Facs. Dist. No. 2005-1 (Pacific Gateway Business Center),
Special Tax Rev. Ref. Bonds, Series 2016, 3.00% 9/1/2026
|
150
|
147
|
|
|
Silicon Valley Clean Water, Wastewater Rev. Notes, Series 2021-B, 0.50% 3/1/2026
|
5,040
|
4,728
|
|
|
South Placer Wastewater Auth., Wastewater Rev. Ref. Bonds, Series 2020, 5.00% 11/1/2032
|
500
|
577
|
|
|
Southern California Public Power Auth., Clean Energy Project Rev. Bonds, Series 2024-A,
5.00% 4/1/2055 (put 9/1/2030)
|
2,510
|
2,684
|
|
|
Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor
Phase II Project),
Series 2021-1, 5.00% 7/1/2026
|
200
|
209
|
|
|
Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor
Phase II Project),
Series 2021-1, 5.00% 7/1/2027
|
400
|
426
|
|
|
Southwestern Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2000
Election, Series 2004,
National insured, 0% 8/1/2028
|
750
|
660
|
|
|
Southwestern Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2008
Election, Series 2015-D,
0% 8/1/2035 (preref. 2/1/2025)
|
1,170
|
695
|
|
|
Stanislaus Union School Dist., G.O. Rev. Ref. Bonds, Series 2019, BAM insured, 5.00%
8/1/2025
|
500
|
511
|
|
|
Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Noble Creek Apartments),
Series 2022-J,
3.50% 8/1/2025 (put 8/1/2024)
|
6,887
|
6,887
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series
2015-A, 5.00% 3/1/2025
|
750
|
756
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series
2015-A, 5.00% 3/1/2028
|
2,085
|
2,129
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series
2018-A, 5.00% 3/1/2034
|
975
|
1,015
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Cottage Health System Obligated Group),
Series 2015,
5.00% 11/1/2043 (preref. 11/1/2024)
|
5,000
|
5,020
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Jewish Home of San Francisco), Series
2016, 5.00% 11/1/2026
|
575
|
603
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Kaiser Permanente), Series 2004-M,
5.00% 4/1/2038 (put 11/1/2029)
|
1,500
|
1,645
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Redlands Community Hospital), Series
2016, 5.00% 10/1/2030
|
1,100
|
1,122
|
|
Private Client Services Funds — Page 11 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Statewide Communities Dev. Auth., Rev. Ref. Bonds (Odd Fellows Home of California
Project), Series 2023-A,
5.00% 4/1/2026
|
USD275
|
$285
|
|
|
Statewide Communities Dev. Auth., Rev. Ref. Bonds (Odd Fellows Home of California
Project), Series 2023-A,
5.00% 4/1/2027
|
425
|
449
|
|
|
Statewide Communities Dev. Auth., Rev. Ref. Bonds (Rady Children’s Hospital), Series 2016-B, 5.00% 8/15/2028
|
860
|
931
|
|
|
Statewide Communities Dev. Auth., Student Housing Rev. Bonds (CHF-Irvine, LLC - University
of California,
Irvine East Campus Apartments, Phase I Ref. and Phase IV-B), Series 2021, BAM insured,
5.00% 5/15/2029
|
1,915
|
2,058
|
|
|
Statewide Communities Dev. Auth., Student Housing Rev. Bonds (CHF-Irvine, LLC - University
of California,
Irvine East Campus Apartments, Phase I Ref. and Phase IV-B), Series 2021, BAM insured,
5.00% 5/15/2031
|
3,000
|
3,293
|
|
|
Statewide Communities Dev. Auth., Student Housing Rev. Bonds (CHF-Irvine, LLC - University
of California,
Irvine East Campus Apartments, Phase I Ref. and Phase IV-B), Series 2021, BAM insured,
5.00% 5/15/2032
|
3,500
|
3,833
|
|
|
Statewide Communities Dev. Auth., Student Housing Rev. Ref. Bonds
(CHF-Irvine, LLC - University of California, Irvine East Campus Apartments), Series
2016, 5.00% 5/15/2029
|
1,250
|
1,282
|
|
|
Stockton Unified School Dist., G.O. Bonds, 2012 Election, Series 2018-C, BAM insured,
5.00% 8/1/2030
|
2,145
|
2,317
|
|
|
Stockton Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election,
Series 2011-D,
Assured Guaranty Municipal insured, 0% 8/1/2033
|
2,500
|
1,826
|
|
|
Stockton Unified School Dist., G.O. Rev. Ref. Bonds, Series 2023-B, Assured Guaranty
Municipal insured,
5.00% 8/1/2033
|
1,480
|
1,729
|
|
|
Sweetwater Union High School Dist., G.O. Bonds, 2006 Election, Series 2006, 4.00%
8/1/2026
|
515
|
522
|
|
|
Sweetwater Union High School Dist., G.O. Rev. Ref. Bonds, Series 2014, BAM insured,
5.00% 8/1/2025
|
1,715
|
1,718
|
|
|
Temescal Valley Water Dist., Public Fncg. Auth., Local Agcy. Rev. Ref. Bonds, Series
2024, 5.00% 9/1/2032
|
825
|
946
|
|
|
Temescal Valley Water Dist., Public Fncg. Auth., Local Agcy. Rev. Ref. Bonds, Series
2024, 5.00% 9/1/2033
|
550
|
639
|
|
|
Temescal Valley Water Dist., Public Fncg. Auth., Local Agcy. Rev. Ref. Bonds, Series
2024, 5.00% 9/1/2034
|
115
|
135
|
|
|
Tobacco Securitization Auth. of Southern California, Tobacco Settlement Asset-Backed
Rev. Ref. Bonds
(San Diego County Tobacco Asset Securitization Corp.), Series 2019-A, 5.00% 6/1/2025
|
1,000
|
1,010
|
|
|
Tobacco Securitization Auth., Tobacco Settlement Asset-Backed Rev. Ref. Senior Bonds
(Sacramento County Tobacco Securitization Corp), Series 2021-A-1, 5.00% 6/1/2027
|
1,550
|
1,623
|
|
|
City of Tracy, Successor Agcy. to the Community Dev. Agcy., Tax Allocation Rev. Ref.
Bonds, Series 2016,
Assured Guaranty Municipal insured, 5.00% 8/1/2030
|
545
|
556
|
|
|
Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00%
10/1/2027
|
600
|
624
|
|
|
Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00%
10/1/2028
|
700
|
736
|
|
|
Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00%
10/1/2029
|
660
|
699
|
|
|
Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00%
10/1/2030
|
1,500
|
1,592
|
|
|
Transbay Joint Powers Auth., Tax Allocation Green Bonds, Series 2020-B, 5.00% 10/1/2031
|
765
|
805
|
|
|
City of Turlock, Irrigation Dist., Rev. Ref. Bonds, Series 2020, 5.00% 1/1/2031
|
1,600
|
1,784
|
|
|
City of Tustin, Community Facs. Dist. No. 06-1 (Tustin Legacy / Columbus Villages),
Special Tax Rev. Ref. Bonds,
Series 2015-A, 5.00% 9/1/2024
|
860
|
861
|
|
|
Twin Rivers Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured Guaranty
Municipal insured,
5.00% 8/1/2024
|
400
|
400
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2024-BT, 5.00%
5/15/2026
|
4,500
|
4,676
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2023-BM, 5.00%
5/15/2031
|
750
|
855
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2023-BM, 5.00%
5/15/2032
|
3,000
|
3,471
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2024-BV, 5.00%
5/15/2038
|
5,000
|
5,862
|
|
|
Regents of the University of California, Limited Project Rev. Bonds, Series 2022-S,
5.00% 5/15/2031
|
1,150
|
1,309
|
|
|
City of Vernon, Electric System Rev. Bonds, Series 2022-A, 5.00% 8/1/2024
|
500
|
500
|
|
|
City of Vernon, Electric System Rev. Bonds, Series 2022-A, 5.00% 4/1/2028
|
1,305
|
1,373
|
|
|
Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2016-B, 3.50% 12/1/2045
|
1,035
|
1,031
|
|
|
Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2019-A, 4.00% 12/1/2049
|
3,025
|
3,025
|
|
|
Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2020-A, 3.00% 12/1/2050
|
4,715
|
4,612
|
|
|
Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2022-A, 5.50% 12/1/2052
|
2,525
|
2,656
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2017-CQ, 4.00% 12/1/2047
|
540
|
541
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2018-CR, 4.00% 12/1/2048
|
2,100
|
2,100
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2019-CS, 4.00% 12/1/2049
|
1,280
|
1,280
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2020-CT, 3.00% 12/1/2050
|
3,255
|
3,184
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2022-CU, 5.50% 12/1/2052
|
1,795
|
1,964
|
|
Private Client Services Funds — Page 12 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Dept. of Veterans Affairs, Veterans G.O. Rev. Ref. Bonds, Series 2016-CN, 3.50% 12/1/2045
|
USD110
|
$110
|
|
|
Victor Valley Union High School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured
Guaranty Municipal insured,
4.00% 8/1/2024
|
730
|
730
|
|
|
Victor Valley Union High School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured
Guaranty Municipal insured,
4.00% 8/1/2026
|
270
|
276
|
|
|
City of Vista, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Redev.
Bonds, Series 2015-B-1,
Assured Guaranty Municipal insured, 4.00% 9/1/2025
|
400
|
403
|
|
|
Dept. of Water Resources, Water System Rev. Bonds (Central Valley Project), Series
2016-AV, 4.00% 12/1/2033
|
3,260
|
3,308
|
|
|
West Basin Municipal Water Dist., Rev. Ref. Bonds, Series 2021-A, 5.00% 8/1/2031
|
745
|
853
|
|
|
West Contra Costa Unified School Dist., G.O. Bonds, 2010 Election, Series 2020-F,
Assured Guaranty Municipal insured, 4.00% 8/1/2028
|
600
|
628
|
|
|
West Contra Costa Unified School Dist., G.O. Bonds, 2012 Election, Series 2020-E,
Assured Guaranty Municipal insured, 4.00% 8/1/2030
|
900
|
958
|
|
|
West Contra Costa Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2002
Election, Series 2005-D,
National insured, 0% 8/1/2026
|
2,425
|
2,275
|
|
|
West Contra Costa Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2002
Election, Series 2005-D,
National insured, 0% 8/1/2031
|
2,585
|
2,039
|
|
|
West Contra Costa Unified School Dist., G.O. Rev. Ref. Bonds, 2005 Election, Series
2008-B, 6.00% 8/1/2027
|
4,050
|
4,434
|
|
|
Westside Union School Dist., G.O. Bonds, Capital Appreciation Bonds, Series 2002-A,
National insured,
0% 8/1/2027
|
800
|
722
|
|
|
Whittier City School Dist., G.O. Rev. Ref. Bonds, Series 2016, 4.00% 8/1/2030
|
825
|
841
|
|
|
Whittier Union High School Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds,
Series 2016, 0% 8/1/2032
|
1,000
|
735
|
|
|
City of Woodland, Community Facs. Dist. No. 2004-1 (Spring Lake), Special Tax Capital
Projects Bonds,
Series 2021, Assured Guaranty Municipal insured, 4.00% 9/1/2029
|
215
|
221
|
|
|
City of Woodland, Community Facs. Dist. No. 2004-1 (Spring Lake), Special Tax Capital
Projects Bonds,
Series 2021, Assured Guaranty Municipal insured, 4.00% 9/1/2030
|
235
|
240
|
|
|
City of Woodland, Community Facs. Dist. No. 2004-1 (Spring Lake), Special Tax Capital
Projects Bonds,
Series 2021, Assured Guaranty Municipal insured, 4.00% 9/1/2031
|
260
|
265
|
|
|
Yosemite Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2004 Election,
Series 2010-D,
0% 8/1/2031
|
500
|
397
|
|
|
|
|
|
608,660
|
|
Missouri 0.00%
|
|
|
|
|
Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership
Loan Program),
Series 2015-A, 3.75% 5/1/2038
|
20
|
20
|
|
|
United States 0.28%
|
|
|
|
|
Freddie Mac, Multi Family Mortgage Bonds, Series 2019-ML-05, Class ACA, 3.35% 11/25/2033
|
1,851
|
1,793
|
|
|
Total bonds, notes & other debt instruments (cost: $626,591,000)
|
|
|
614,625
|
|
Short-term securities 3.19%
Municipals 3.19%
|
|
|
|
|
Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2024-H,
3.90% 4/1/20591
|
2,600
|
2,600
|
|
|
Fin. Auth., Recovery Zone Fac. Bonds (Chevron U.S.A., Inc. Project), Series 2010-B,
3.75% 11/1/20351
|
1,280
|
1,280
|
|
|
Fin. Auth., Recovery Zone Fac. Bonds (Chevron U.S.A., Inc. Project), Series 2010-A,
3.85% 11/1/20351
|
3,200
|
3,200
|
|
|
City of Irvine, Reassessment Dist. No. 87-8, Limited Obligation Improvement Bonds,
Series 1999,
3.85% 9/2/20241
|
1,000
|
1,000
|
|
Private Client Services Funds — Page 13 of 23
unaudited
|
Short-term securities (continued)
Municipals (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Municipal Fin. Auth., Pollution Control Rev. Ref. Bonds (Chevron U.S.A., Inc. Project),
Series 2005,
3.85% 6/1/20251
|
USD12,100
|
$12,100
|
|
|
Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2024, BAM insured, 5.00%
8/1/2024
|
245
|
245
|
|
|
Total short-term securities (cost: $20,425,000)
|
|
|
20,425
|
|
Total investment securities 99.21% (cost: $647,016,000)
|
|
|
635,050
|
|
Other assets less liabilities 0.79%
|
|
|
5,072
|
|
Net assets 100.00%
|
|
|
$640,122
|
Futures contracts
|
Contracts
|
Type
|
Number of
contracts
|
Expiration
date
|
Notional
amount
(000)
|
Value and
unrealized
appreciation
(depreciation)
at 7/31/2024
(000)
|
|
2 Year U.S. Treasury Note Futures
|
Long
|
426
|
10/3/2024
|
USD87,486
|
$270
|
|
10 Year U.S. Treasury Note Futures
|
Short
|
246
|
9/30/2024
|
(27,506
)
|
(267
)
|
|
|
|
|
|
|
$3
|
|
1
|
Coupon rate may change periodically. Reference rate and spread are as of the most
recent information available. Some coupon rates are determined by the
issuer or agent based on current market conditions; therefore, the reference rate
and spread are not available. For short-term securities, the date of the next
scheduled coupon rate change is considered to be the maturity date.
|
|
2
|
Step bond; coupon rate may change at a later date.
|
|
3
|
Acquired in a transaction exempt from registration under Rule 144A or, for commercial
paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the
U.S. in transactions exempt from registration, normally to qualified institutional
buyers. The total value of all such securities was $5,744,000, which represented
.90% of the net assets of the fund.
|
|
Key to abbreviation(s)
|
|
Agcy. = Agency
|
|
Assn. = Association
|
|
Auth. = Authority
|
|
Certs. = Certificates
|
|
Dept. = Department
|
|
Dev. = Development
|
|
Dist. = District
|
|
Dists. = Districts
|
|
Econ. = Economic
|
|
Fac. = Facility
|
|
Facs. = Facilities
|
|
|
|
Fin. = Finance
|
|
Fncg. = Financing
|
|
G.O. = General Obligation
|
|
Part. = Participation
|
|
Preref. = Prerefunded
|
|
Redev. = Redevelopment
|
|
Ref. = Refunding
|
|
Rev. = Revenue
|
|
SIFMA = Securities Industry and Financial Markets Association
|
|
USD = U.S. dollars
|
Private Client Services Funds — Page 14 of 23
Capital Group California Short-Term Municipal
Fund
Investment portfolio
unaudited
|
Bonds, notes & other debt instruments 95.05%
California 95.05%
|
|
Principal amount
(000)
|
Value
(000)
|
|
Burbank Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 1997 Election,
Series 2002-C,
National insured, 0% 7/1/2027
|
USD500
|
$457
|
|
|
Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-B-3,
5.00% 11/1/2025
|
860
|
882
|
|
|
Chino Basin Regional Fin. Auth., Rev. Notes (Inland Empire Utilities Interim Fncg.),
Series 2020-B,
4.00% 11/1/2025
|
500
|
506
|
|
|
City of Chino, Community Facs. Dist. No. 2003-3, Special Tax Bonds, Series 2021, 4.00%
9/1/2024
|
410
|
410
|
|
|
City of Chino, Community Facs. Dist. No. 2003-3, Special Tax Bonds, Series 2021, 4.00%
9/1/2025
|
430
|
430
|
|
|
Citrus Community College Dist., G.O. Bonds, 2020 Election, Series 2021-A, 4.00% 8/1/2025
|
370
|
375
|
|
|
Coast Community College Dist., G.O. Bonds, Capital Appreciation Bonds, Series 2006-B,
Assured Guaranty Municipal insured, 0% 8/1/2026
|
1,205
|
1,133
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2021-B-1,
4.00% 2/1/2052 (put 8/1/2031)
|
1,000
|
1,011
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-B-1,
5.00% 7/1/2053 (put 8/1/2029)
|
1,300
|
1,380
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2021-B-1,
5.00% 12/1/2053 (put 8/1/2029)
|
1,000
|
1,056
|
|
|
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-E-1,
5.00% 2/1/2054 (put 3/1/2031)
|
1,000
|
1,072
|
|
|
Compton Unified School Dist., G.O. Bonds, 2015 Election, Series 2019-B, BAM insured,
5.00% 6/1/2025
|
125
|
127
|
|
|
Compton Unified School Dist., G.O. Bonds, 2015 Election, Series 2019-B, BAM insured,
5.00% 6/1/2027
|
500
|
531
|
|
|
Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series
2019, 4.00% 9/1/2024
|
400
|
400
|
|
|
Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series
2019, 4.00% 9/1/2025
|
410
|
412
|
|
|
East Bay Municipal Utility Dist., Water System Rev. Ref. Bonds, Series 2015-A, 5.00%
6/1/2028
|
1,000
|
1,017
|
|
|
East Side Union High School Dist., G.O. Bonds, 2014 Election, Series 2023-D, 5.00%
8/1/2030
|
190
|
214
|
|
|
East Side Union High School Dist., G.O. Rev. Ref. Bonds, Series 2020, BAM insured,
5.00% 8/1/2025
|
845
|
864
|
|
|
Eastern Municipal Water Dist., Community Facs. Dist. No. 2017-79 (Eagle Crest), Special
Tax Bonds, Series 2021,
4.00% 9/1/2025
|
275
|
276
|
|
|
Eastern Municipal Water Dist., Fin. Auth., Water and Wastewater Rev. Ref. Bonds, Series
2020-A, 5.00% 7/1/2026
|
300
|
313
|
|
|
Educational Facs. Auth., Rev. Bonds (Chapman University), Series 2021-A, 5.00% 4/1/2025
|
425
|
431
|
|
|
County of El Dorado, Community Facs. Dist. No. 1992-1 (El Dorado Hills Dev.), Special
Tax Rev. Ref. Bonds,
Series 2012, 5.00% 9/1/2025
|
1,000
|
1,002
|
|
|
Escondido Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election,
Series 2009-A,
Assured Guaranty insured, 0% 8/1/2028
|
500
|
441
|
|
|
Foothill/Eastern Transportation Corridor Agcy., Toll Road Rev. Bonds, Capital Appreciation
Bonds, Series 1995-A,
0% 1/1/2025 (escrowed to maturity)
|
500
|
494
|
|
|
Fowler Unified School Dist., G.O. Rev. Ref. Bonds, Series 2014, Assured Guaranty Municipal
insured,
4.00% 8/1/2024
|
745
|
745
|
|
|
G.O. Bonds, Series 2021, 4.00% 10/1/2026
|
560
|
574
|
|
|
G.O. Bonds, Series 2022, 5.00% 4/1/2028
|
500
|
538
|
|
|
G.O. Rev. Ref. Bonds, Series 2015, 5.00% 8/1/2024
|
250
|
250
|
|
|
G.O. Rev. Ref. Bonds, Series 2022-B, 4.00% 9/1/2028
|
700
|
732
|
|
|
G.O. Rev. Ref. Bonds, Series 2020, 5.00% 11/1/2028
|
500
|
544
|
|
|
G.O. Rev. Ref. Bonds, Series 2021, 5.00% 12/1/2028
|
500
|
545
|
|
|
G.O. Rev. Ref. Bonds, Series 2022, 4.00% 9/1/2029
|
750
|
791
|
|
|
G.O. Rev. Ref. Bonds, Series 2021, 5.00% 9/1/2029
|
500
|
553
|
|
|
G.O. Rev. Ref. Bonds, Series 2021-C, 5.00% 10/1/2031
|
1,000
|
1,141
|
|
Private Client Services Funds — Page 15 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed
Bonds,
Series 2015-A, 5.00% 6/1/2033 (preref. 6/1/2025)
|
USD720
|
$733
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed
Bonds,
Capital Appreciation Bonds, Series 2005-A, Assured Guaranty Municipal insured,
0% 6/1/2025 (escrowed to maturity)
|
1,000
|
975
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed
Bonds,
Capital Appreciation Bonds, Series 2005-A, AMBAC insured, 0% 6/1/2027 (escrowed to
maturity)
|
1,000
|
915
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (El Camino Hospital), Series 2017, 5.00% 8/15/2025
(escrowed to maturity)
|
400
|
409
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Providence St. Joseph Health), Series 2016-B-2,
4.00% 10/1/2036 (put 10/1/2024)
|
110
|
110
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Providence St. Joseph Health), Series 2019-B,
5.00% 10/1/2039 (put 10/1/2027)
|
565
|
588
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Stanford Health Care), Series 2021-A, 3.00%
8/15/2054 (put 8/15/2025)
|
500
|
497
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2018-A, 5.00% 11/15/2025
|
1,000
|
1,025
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2016-A, 5.00% 11/15/2026
(preref. 11/15/2025)
|
275
|
283
|
|
|
Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2016-A, 5.00% 11/15/2046
(preref. 11/15/2025)
|
250
|
257
|
|
|
Health Facs. Fncg. Auth., Rev. Ref. Bonds (Marshall Medical Center), Series 2015,
5.00% 11/1/2028
|
315
|
316
|
|
|
Health Facs. Fncg. Auth., Rev. Ref. Bonds (Sutter Health), Series 2016-B, 5.00% 11/15/2026
|
700
|
730
|
|
|
Health Facs. Fncg. Auth. Rev. Ref. Bonds (Sutter Health), Series 2015-A, 5.00% 8/15/2043
(preref. 8/15/2025)
|
140
|
143
|
|
|
Hemet Unified School Dist., G.O. Rev. Ref. Bonds, Series 2014, Assured Guaranty Municipal
insured,
4.00% 8/1/2024
|
500
|
500
|
|
|
Imperial Community College Dist., G.O. Bonds, 2022 Election, Series 2023-A,
Assured Guaranty Municipal insured, 5.00% 8/1/2025
|
130
|
133
|
|
|
Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (J. Paul Getty Trust), Series
2021-B-2,
3.00% 10/1/2047 (put 10/1/2026)
|
1,500
|
1,499
|
|
|
City of Irvine Facs. Fncg. Auth., Special Tax Rev. Bonds (Irvine Great Park Infrastructure
Project), Series 2023-A,
5.00% 9/1/2029
|
300
|
332
|
|
|
City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds,
Series 2015, 5.00% 9/2/2024
|
1,000
|
1,001
|
|
|
City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds,
Series 2015, 5.00% 9/2/2029
|
1,000
|
1,016
|
|
|
Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series
2017-A, 5.00% 9/1/2025
|
1,000
|
1,015
|
|
|
Jurupa Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds
(Community Facs. Dists. Nos. 10, 12, 13 and 15), Series 2021-A, 4.00% 9/1/2027
|
285
|
290
|
|
|
Jurupa Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds
(Community Facs. Dists. Nos. 10, 12, 13 and 15), Series 2021-A, BAM insured, 4.00%
9/1/2028
|
275
|
284
|
|
|
Kern Community College Dist., Facs. Improvement Dist. No. 1, G.O. Bonds, 2016 Election,
Series 2020-C,
4.00% 8/1/2026
|
645
|
660
|
|
|
La Canada Unified School Dist., G.O. Bonds, 2017 Election, Series 2020-B, 4.00% 8/1/2024
|
425
|
425
|
|
|
City of Lake Elsinore, Facs. Fin. Auth., Local Agcy. Rev. Ref. Bonds, Series 2021-B,
Assured Guaranty Municipal insured, 4.00% 9/1/2026
|
195
|
199
|
|
|
City of Lake Elsinore, Facs. Fin. Auth., Local Agcy. Rev. Ref. Bonds, Series 2021-B,
Assured Guaranty Municipal insured, 4.00% 9/1/2027
|
210
|
216
|
|
|
Lodi Unified School Dist., G.O. Bonds, Series 2022, 5.00% 8/1/2025
|
500
|
511
|
|
|
City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref.
Bonds, Series 2020-B,
5.00% 5/15/2027
|
685
|
729
|
|
|
City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref.
Bonds, Series 2022-E,
5.00% 5/15/2030
|
250
|
281
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2017-B,
5.00% 7/1/2033
|
700
|
732
|
|
|
City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2020-A,
5.00% 7/1/2026
|
300
|
312
|
|
|
City of Los Angeles, Solid Waste Resources Rev. Bonds, Series 2023-A, 5.00% 2/1/2025
|
330
|
334
|
|
|
County of Los Angeles, Community Facs. Dist. No. 2021-01 (Valencia Facs.), Improvement
Area No. 1,
Special Tax Bonds, Series 2022, 5.00% 9/1/2029
|
150
|
160
|
|
|
County of Los Angeles, Community Facs. Dist. No. 2021-01 (Valencia Facs.), Improvement
Area No. 1,
Special Tax Bonds, Series 2022, 5.00% 9/1/2030
|
175
|
188
|
|
|
County of Los Angeles, Dev. Auth., Multi Family Housing Rev. Bonds
(West LA VA - Building 156 & 157 Apartments), Series 2023-C, 3.75% 12/1/2046 (put
12/1/2026)
|
350
|
352
|
|
Private Client Services Funds — Page 16 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev.
Ref. Green Bonds,
Series 2020-A, 5.00% 6/1/2026
|
USD400
|
$416
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Bonds, Series 2020-RYQ,
5.00% 7/1/2025
|
750
|
765
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Bonds, Series 2024-A,
5.00% 7/1/2025
|
565
|
576
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Bonds, Series 2016-B,
5.00% 7/1/2027
|
750
|
781
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Rev. Ref. Bonds,
Series 2017-A, 5.00% 7/1/2025
|
250
|
255
|
|
|
Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax
Rev. Ref. Bonds,
Series 2017-A, 5.00% 7/1/2026
|
1,235
|
1,287
|
|
|
Menifee Union School Dist., Public Fncg. Auth., Special Tax Rev. Bonds, Series 2016-A,
5.00% 9/1/2026
|
755
|
770
|
|
|
Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2022-B,
3.00% 7/1/2028
|
955
|
954
|
|
|
Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2024-B-3,
5.00% 7/1/2037 (put 7/1/2031)
|
650
|
725
|
|
|
Modesto Irrigation Dist. Fncg. Auth., Electric System Rev. Bonds, Series 2023-A, 5.00%
10/1/2029
|
440
|
486
|
|
|
Modesto Irrigation Dist. Fncg. Auth., Electric System Rev. Ref. Bonds, Series 2015-B,
5.00% 10/1/2028
|
595
|
608
|
|
|
Modesto Irrigation Dist., Electric System Rev. Ref. Bonds, Series 2021, 5.00% 7/1/2026
|
635
|
661
|
|
|
Mountain View Whisman School Dist., G.O. Bonds, 2012 Election, Series 2016-B, 5.00%
9/1/2025
|
610
|
625
|
|
|
Municipal Fin. Auth., Student Housing Rev. Bonds (CHF-Davis II, LLC - Orchard Park
Student Housing Project),
Series 2021, BAM insured, 5.00% 5/15/2025
|
400
|
404
|
|
|
Murrieta Valley Unified School Dist., Public Fncg. Auth., Special Tax Rev. Bonds,
Series 2016-A, 5.00% 9/1/2029
|
100
|
103
|
|
|
North Natomas Community Facs. Dist. No. 4, Special Tax Rev. Ref. Bonds, Series 2023-G,
5.00% 9/1/2028
|
745
|
801
|
|
|
City of Ontario, Community Facs. Dist. No. 35 (Countryside Phase 2 South - Facs.),
Special Tax Bonds,
Series 2024, 5.00% 9/1/2029
|
205
|
217
|
|
|
City of Ontario, Community Facs. Dist. No. 35 (Countryside Phase 2 South - Facs.),
Special Tax Bonds,
Series 2024, 5.00% 9/1/2030
|
215
|
229
|
|
|
City of Ontario, Community Facs. Dist. No. 66 (Olive and Oleander Facs.), Special
Tax Bonds, Series 2024,
5.00% 9/1/2031
|
210
|
224
|
|
|
County of Orange, Sanitation Dist., Wastewater Rev. Ref. Obligations, Series 2021-A,
5.00% 2/1/2026
|
750
|
776
|
|
|
City of Perris, Joint Powers Auth., Local Agcy. Rev. Ref. Bonds
(CFD No. 2001-1 IA No. 4 and No. 5; CFD No. 2005-1 IA No. 4), Series 2017-B, 5.00%
9/1/2025
|
105
|
107
|
|
|
City of Perris, Joint Powers Auth., Local Agcy. Rev. Ref. Bonds
(CFD No. 2001-1 IA Nos. 4 and No. 5; CFD No. 2005-1 IA No. 4), Series 2017-B, 5.00%
9/1/2024
|
990
|
991
|
|
|
Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 9/1/2024
|
240
|
240
|
|
|
Pollution Control Fncg. Auth., Water Facs. Rev. Bonds (American Water Capital Corp.
Project), Series 2020,
3.70% 8/1/2040 (put 9/1/2028)
|
410
|
412
|
|
|
Public Fin. Auth., Rev. Ref. Bonds (O’Conner Woods), Series 2022, 4.00% 1/1/2026
|
440
|
446
|
|
|
Public Works Board, Lease Rev. Bonds (Dept. of Corrections and Rehabilitation), Series
2015-H, 5.00% 12/1/2026
|
470
|
482
|
|
|
Public Works Board, Lease Rev. Bonds (Various Capital Projects), Series 2021-B, 5.00%
5/1/2027
|
750
|
794
|
|
|
Public Works Board, Lease Rev. Ref. Bonds, Series 2017-B, 5.00% 10/1/2024
|
310
|
311
|
|
|
Public Works Board, Lease Rev. Ref. Bonds, Series 2017-B, 5.00% 10/1/2024 (escrowed
to maturity)
|
20
|
20
|
|
|
Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2022-A,
5.00% 8/1/2030
|
500
|
560
|
|
|
Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2022-C,
5.00% 8/1/2033
|
1,000
|
1,132
|
|
|
City of Rancho Cordova, Community Facs. Dist. No. 2018-1 (The Grantline 208 Project),
Special Tax Bonds,
Series 2021-B, 3.00% 9/1/2024
|
85
|
85
|
|
|
City of Rancho Cordova, Community Facs. Dist. No. 2018-1 (The Grantline 208 Project),
Special Tax Bonds,
Series 2021-B, 4.00% 9/1/2026
|
105
|
105
|
|
|
City of Rancho Cordova, Community Facs. Dist. No. 2018-1 (The Grantline 208 Project),
Special Tax Bonds,
Series 2021-B, 4.00% 9/1/2028
|
120
|
121
|
|
|
County of Riverside, Public Fncg. Auth., Tax Allocation Rev. Bonds (Redev. Project
Area No. 1, Desert
Communities Redev. Project Area, Interstate 215 Corridor Redev. Area), Series 2024-A,
Assured Guaranty
Municipal insured, 5.00% 10/1/2032
|
1,000
|
1,142
|
|
Private Client Services Funds — Page 17 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
County of Riverside, Public Fncg. Auth., Tax Allocation Rev. Bonds (Redev. Project
Area No. 1, Desert
Communities Redev. Project Area, Interstate 215 Corridor Redev. Area), Series 2024-A,
Assured Guaranty
Municipal insured, 5.00% 10/1/2029
|
USD315
|
$346
|
|
|
RNR School Fncg. Auth., Community Facs. Dist. No. 92-1, Special Tax Bonds, Series
2017-A, BAM insured,
5.00% 9/1/2028
|
1,000
|
1,042
|
|
|
Roseville Joint Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, 2004
Election, Series 2007-C,
Assured Guaranty Municipal insured, 0% 8/1/2025
|
510
|
494
|
|
|
Roseville Joint Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, 2004
Election, Series 2007-C,
Assured Guaranty Municipal insured, 0% 8/1/2026
|
870
|
817
|
|
|
City of Sacramento, Municipal Utility Dist., Electric Rev. Ref. Bonds, Series 2018-F,
5.00% 8/15/2026
|
500
|
523
|
|
|
Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured,
4.00% 8/1/2024
|
520
|
520
|
|
|
Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2022, BAM insured, 5.00%
7/1/2027
|
815
|
863
|
|
|
Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2024-B, BAM insured,
5.00% 8/1/2029
|
500
|
550
|
|
|
City of San Diego, Community Facs. Dist. No. 2 (Santaluz), Improvement Area No. 1,
Special Tax Rev. Ref. Bonds,
Series 2021, 4.00% 9/1/2026
|
485
|
493
|
|
|
City of San Diego, Public Facs. Fncg. Auth., Lease Rev. Bonds (Capital Improvement
Projects), Series 2021-A,
5.00% 10/15/2027
|
255
|
273
|
|
|
City of San Diego, Public Facs. Fncg. Auth., Sewer Rev. Bonds, Series 2022-A, 5.00%
5/15/2027
|
500
|
532
|
|
|
County of San Diego, Grossmont Healthcare Dist., G.O. Rev. Ref. Bonds, Series 2021-E,
5.00% 7/15/2028
|
320
|
346
|
|
|
County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Bonds,
Series 2021-B,
5.00% 4/1/2026
|
140
|
145
|
|
|
County of San Diego, Water Auth., Water Rev. Ref. Green Bonds, Series 2021-B, 5.00%
5/1/2030
|
230
|
259
|
|
|
San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Green
Bonds, 2018 Election,
Series 2023-G-2, 5.00% 7/1/2028
|
600
|
653
|
|
|
San Diego Unified School Dist., G.O. Green Bonds, 2018 Election, Series 2022-F-2,
5.00% 7/1/2029
|
810
|
899
|
|
|
City and County of San Francisco, Community Facs. Dist. No. 2014-1 (Transbay Transit
Center), Special Tax Bonds,
Series 2022-A, 5.00% 9/1/2028
|
145
|
155
|
|
|
City and County of San Francisco, Community Facs. Dist. No. 2014-1 (Transbay Transit
Center), Special Tax Bonds,
Series 2022-A, 5.00% 9/1/2029
|
195
|
211
|
|
|
City and County of San Francisco, Community Facs. Dist. No. 2014-1 (Transbay Transit
Center), Special Tax Bonds,
Series 2022-A, 5.00% 9/1/2030
|
155
|
170
|
|
|
City and County of San Francisco, G.O. Bonds (Earthquake Safety and Emergency Response),
Series 2021-E-1,
5.00% 6/15/2025
|
815
|
831
|
|
|
City and County of San Francisco, Public Utilities Commission, San Francisco Water
Rev. Bonds, Series 2023-A,
5.00% 11/1/2029
|
500
|
558
|
|
|
City and County of San Francisco, Public Utilities Commission, Wastewater Rev. Green
Bonds, Series 2023-C,
4.00% 10/1/2048 (put 10/1/2029)
|
1,040
|
1,081
|
|
|
City of San Francisco, Bay Area Rapid Transit Dist., G.O. Green Bonds, 2016 Election,
Series 2017-A-1,
5.00% 8/1/2028
|
1,000
|
1,064
|
|
|
City of San Jacinto, Community Facs. Dist. No. 2002-1 (Rancho San Jacinto Phase 2),
Special Tax Rev. Ref. Bonds,
Series 2016, 5.00% 9/1/2027
|
900
|
925
|
|
|
City of San Jose, Airport Rev. Ref. Bonds, Series 2021-A, 5.00% 3/1/2026
|
440
|
455
|
|
|
San Mateo Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2001 Election,
Series 2005-B,
0% 9/1/2027
|
1,130
|
1,027
|
|
|
Cities of San Mateo and Foster City, Public Fin. Auth., Wastewater Rev. Notes, Series
2021-B,
5.00% 8/1/2025 (escrowed to maturity)
|
415
|
424
|
|
|
San Ramon Valley Unified School Dist., G.O. Bonds, 2012 Election, Series 2015,
4.00% 8/1/2033 (preref. 8/1/2025)
|
500
|
506
|
|
|
Santa Margarita Water Dist., Community Facs. Dist. No. 99-1 (Talega), Special Tax
Rev. Ref. Bonds, Series 2014-B,
5.00% 9/1/2029
|
1,000
|
1,001
|
|
|
Santa Monica-Malibu Unified School Dist., School Facs. Improvement Dist. No. 1 (Santa
Monica Schools),
G.O. Bonds, 2018 Election, Series 2021-B, 4.00% 8/1/2025
|
335
|
339
|
|
|
City of Santa Rosa, Wastewater Rev. Bonds, Capital Appreciation Bonds, Series 2002-B,
AMBAC insured,
0% 9/1/2025
|
1,000
|
965
|
|
Private Client Services Funds — Page 18 of 23
unaudited
|
Bonds, notes & other debt instruments (continued)
California (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
City of Santee, Community Facs. Dist. No. 2017-1 (Weston Infrastructure), Special
Tax Bonds, Series 2019,
5.00% 9/1/2024
|
USD170
|
$170
|
|
|
Silicon Valley Clean Water, Wastewater Rev. Bonds, Series 2018, 5.00% 8/1/2028
|
500
|
539
|
|
|
Silicon Valley Clean Water, Wastewater Rev. Notes, Series 2021-B, 0.50% 3/1/2026
|
1,350
|
1,266
|
|
|
Southern California Public Power Auth., Clean Energy Project Rev. Bonds, Series 2024-A,
5.00% 4/1/2055 (put 9/1/2030)
|
650
|
695
|
|
|
Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Noble Creek Apartments),
Series 2022-J,
3.50% 8/1/2025 (put 8/1/2024)
|
1,476
|
1,476
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series
2018-A, 5.00% 3/1/2025
|
415
|
418
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Huntington Memorial Hospital), Series
2018, 5.00% 7/1/2026
|
325
|
338
|
|
|
Statewide Communities Dev. Auth., Rev. Bonds (Kaiser Permanente), Series 2004-M,
5.00% 4/1/2038 (put 11/1/2029)
|
500
|
548
|
|
|
Statewide Communities Dev. Auth., Rev. Ref. Bonds (Odd Fellows Home of California
Project), Series 2023-A,
5.00% 4/1/2025
|
485
|
491
|
|
|
Statewide Communities Dev. Auth., Student Housing Rev. Ref. Bonds (CHF-Irvine, LLC
- University of California,
Irvine East Campus Apartments, Phase I Ref. and Phase IV-B), Series 2021, BAM insured,
5.00% 5/15/2027
|
850
|
889
|
|
|
Sweetwater Union High School Dist., G.O. Rev. Ref. Bonds, Series 2014, BAM insured,
5.00% 8/1/2026
|
350
|
351
|
|
|
Temescal Valley Water Dist., Public Fncg. Auth., Local Agcy. Rev. Ref. Bonds, Series
2024, 5.00% 9/1/2028
|
500
|
539
|
|
|
Tobacco Securitization Auth., Tobacco Settlement Asset-Backed Rev. Ref. Senior Bonds
(Sacramento County Tobacco Securitization Corp), Series 2021-A-1, 5.00% 6/1/2027
|
440
|
461
|
|
|
Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00%
10/1/2025
|
1,500
|
1,523
|
|
|
Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00%
10/1/2026
|
550
|
565
|
|
|
Tuolumne Wind Project Auth., Rev. Ref. Bonds (Tuolumne Wind Project), Series 2016-A,
5.00% 1/1/2027
|
670
|
706
|
|
|
Twin Rivers Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured Guaranty
Municipal insured,
5.00% 8/1/2027
|
225
|
236
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2024-BT, 5.00%
5/15/2026
|
500
|
520
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2020-BE, 5.00%
5/15/2027
|
1,100
|
1,167
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2024-BW, 5.00%
5/15/2029
|
1,000
|
1,104
|
|
|
Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2016-B, 3.50% 12/1/2045
|
130
|
129
|
|
|
Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2019-A, 4.00% 12/1/2049
|
875
|
875
|
|
|
Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2020-A, 3.00% 12/1/2050
|
925
|
905
|
|
|
Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2022-A, 5.50% 12/1/2052
|
545
|
573
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2017-CQ, 4.00% 12/1/2047
|
255
|
255
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2018-CR, 4.00% 12/1/2048
|
525
|
525
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2020-CT, 3.00% 12/1/2050
|
1,295
|
1,267
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2022-CU, 5.50% 12/1/2052
|
1,390
|
1,521
|
|
|
Dept. of Veterans Affairs, Veterans G.O. Rev. Ref. Bonds, Series 2016-CN, 3.50% 12/1/2045
|
130
|
130
|
|
|
Dept. of Water Resources, Water System Rev. Bonds (Central Valley Project), Series
2021-BD, 5.00% 12/1/2028
|
325
|
357
|
|
|
West Contra Costa Unified School Dist., G.O. Bonds, Series 2023, BAM insured, 5.00%
8/1/2028
|
1,000
|
1,086
|
|
|
West Contra Costa Unified School Dist., G.O. Bonds, 2012 Election, Series 2020-E,
Assured Guaranty Municipal insured, 4.00% 8/1/2026
|
640
|
654
|
|
|
West Contra Costa Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017-A-1, 5.00%
8/1/2024
|
250
|
250
|
|
|
Westside Union School Dist., G.O. Bonds, Capital Appreciation Bonds, Series 2002-A,
National insured,
0% 8/1/2027
|
1,000
|
903
|
|
|
William S. Hart Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, 2001
Election, Series 2005-B,
Assured Guaranty Municipal insured, 0% 9/1/2025
|
1,000
|
968
|
|
|
City of Woodland, Community Facs. Dist. No. 2004-1 (Spring Lake), Special Tax Capital
Projects Bonds,
Series 2021, 4.00% 9/1/2026
|
160
|
162
|
|
|
City of Woodland, Community Facs. Dist. No. 2004-1 (Spring Lake), Special Tax Capital
Projects Bonds,
Series 2021, Assured Guaranty Municipal insured, 4.00% 9/1/2027
|
180
|
184
|
|
|
City of Woodland, Community Facs. Dist. No. 2004-1 (Spring Lake), Special Tax Capital
Projects Bonds,
Series 2021, Assured Guaranty Municipal insured, 4.00% 9/1/2028
|
200
|
205
|
|
|
Total bonds, notes & other debt instruments (cost: $102,879,000)
|
|
|
101,826
|
Private Client Services Funds — Page 19 of 23
unaudited
|
Short-term securities 5.65%
Municipals 5.65%
|
|
Principal amount
(000)
|
Value
(000)
|
|
Fin. Auth., Recovery Zone Fac. Bonds (Chevron U.S.A., Inc. Project), Series 2010-A,
3.85% 11/1/20351
|
USD3,800
|
$3,800
|
|
|
Foothill-De Anza Community College Dist., G.O. Bonds, 2020 Election, Series 2024-C,
5.00% 8/1/2024
|
450
|
450
|
|
|
City of Los Angeles, Dept. of Water and Power, Power System Rev. Ref. Bonds, Series
2001-B-3, 3.88% 7/1/20341
|
800
|
800
|
|
|
Municipal Fin. Auth., Pollution Control Rev. Ref. Bonds (Chevron U.S.A., Inc. Project),
Series 2005,
3.85% 6/1/20251
|
500
|
500
|
|
|
Regents of the University of California, Medical Center Pooled Rev. Bonds, Series
2020-O-1, 3.85% 5/15/20451
|
500
|
500
|
|
|
Total short-term securities (cost: $6,051,000)
|
|
|
6,050
|
|
Total investment securities 100.70% (cost: $108,930,000)
|
|
|
107,876
|
|
Other assets less liabilities (0.70%)
|
|
|
(754
)
|
|
Net assets 100.00%
|
|
|
$107,122
|
Futures contracts
|
Contracts
|
Type
|
Number of
contracts
|
Expiration
date
|
Notional
amount
(000)
|
Value and
unrealized
appreciation
(depreciation)
at 7/31/2024
(000)
|
|
2 Year U.S. Treasury Note Futures
|
Long
|
38
|
10/3/2024
|
USD7,804
|
$15
|
|
5 Year U.S. Treasury Note Futures
|
Long
|
12
|
10/3/2024
|
1,295
|
30
|
|
10 Year U.S. Treasury Note Futures
|
Short
|
29
|
9/30/2024
|
(3,243
)
|
(31
)
|
|
|
|
|
|
|
$14
|
|
1
|
Coupon rate may change periodically. Reference rate and spread are as of the most
recent information available. Some coupon rates are determined by the
issuer or agent based on current market conditions; therefore, the reference rate
and spread are not available. For short-term securities, the date of the next
scheduled coupon rate change is considered to be the maturity date.
|
|
Key to abbreviation(s)
|
|
Agcy. = Agency
|
|
Auth. = Authority
|
|
Dept. = Department
|
|
Dev. = Development
|
|
Dist. = District
|
|
Dists. = Districts
|
|
Econ. = Economic
|
|
Fac. = Facility
|
|
Facs. = Facilities
|
|
|
|
Fin. = Finance
|
|
Fncg. = Financing
|
|
G.O. = General Obligation
|
|
Preref. = Prerefunded
|
|
Redev. = Redevelopment
|
|
Ref. = Refunding
|
|
Rev. = Revenue
|
|
USD = U.S. dollars
|
Private Client Services Funds — Page 20 of 23
unaudited
Valuation
Capital Research and Management Company ("CRMC"), the funds’ investment adviser, values each fund’s investments at fair value as defined by accounting principles generally accepted in the United State of America. The net asset
value per share of each fund is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York
time, each day the New York Stock Exchange is open.
Methods and inputs — The funds’ investment adviser uses the following methods and inputs to establish the fair value of each fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability
and relevance as market and economic conditions evolve.
Fixed-income securities, including short-term securities, are generally valued at
evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following
table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the funds
are authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income
security.
|
Fixed-income class
|
Examples of standard inputs
|
|
All
|
Benchmark yields, transactions, bids, offers, quotations from dealers and
trading systems, new issues, spreads and other relationships observed in
the markets among comparable securities; and proprietary pricing
models such as yield measures calculated using factors such as cash flows,
financial or collateral performance and other reference data (collectively
referred to as “standard inputs”)
|
|
Municipal securities
|
Standard inputs and, for certain distressed securities, cash flows or
liquidation values using a net present value calculation based on inputs
that include, but are not limited to, financial statements and debt contracts
|
Exchange-traded futures are generally valued at the official settlement price of the
exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. The average month-end
notional amounts of futures contracts while held by Capital Group California Core Municipal Fund and Capital Group California Short-Term Municipal
Fund were $84,624,000 and $10,063,000, respectively.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the funds’ investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the funds’ investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation
guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making
fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining
the fair value to be assigned to a particular security, such as the type and cost of the security, contractual or legal restrictions on resale of
the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion
or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes
in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect
significant events that occur after the close of local trading but before the net asset value of each of the funds is determined. Fair valuations of
investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity
occurred.
Processes and structure — The funds’ board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly
reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate,
update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and
controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The funds’ board and audit committee also regularly review reports that describe fair value determinations and methods.
Private Client Services Funds — Page 21 of 23
unaudited
Classifications — The funds’ investment adviser classifies each fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical
securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive
markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant
market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels
are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as
Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The funds’ valuation levels as of July 31, 2024, are as follows (dollars in thousands):
Capital Group California Core Municipal Fund
|
|
Investment securities
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Bonds, notes & other debt instruments:
|
|
|
|
|
|
Municipals
|
$—
|
$614,625
|
$—
|
$614,625
|
|
Short-term securities
|
—
|
20,425
|
—
|
20,425
|
|
Total
|
$—
|
$635,050
|
$—
|
$635,050
|
|
|
Other investments*
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Unrealized appreciation on futures contracts
|
$270
|
$—
|
$—
|
$270
|
|
Liabilities:
|
|
|
|
|
|
Unrealized depreciation on futures contracts
|
(267
)
|
—
|
—
|
(267
)
|
|
Total
|
$3
|
$—
|
$—
|
$3
|
*
Futures contracts are not included in the fund’s investment portfolio.
Capital Group California Short-Term Municipal Fund
|
|
Investment securities
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Bonds, notes & other debt instruments:
|
|
|
|
|
|
Municipals
|
$—
|
$101,826
|
$—
|
$101,826
|
|
Short-term securities
|
—
|
6,050
|
—
|
6,050
|
|
Total
|
$—
|
$107,876
|
$—
|
$107,876
|
|
|
Other investments*
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Unrealized appreciation on futures contracts
|
$45
|
$—
|
$—
|
$45
|
|
Liabilities:
|
|
|
|
|
|
Unrealized depreciation on futures contracts
|
(31
)
|
—
|
—
|
(31
)
|
|
Total
|
$14
|
$—
|
$—
|
$14
|
*
Futures contracts are not included in the fund’s investment portfolio.
Private Client Services Funds — Page 22 of 23
unaudited
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank
or any other entity, so they may lose value.
Investors should carefully consider the investment objectives, risks, charges and
expenses of the Capital Private Client Services Funds. This and other important information is contained in the prospectus, which can be obtained
from your investment counselor and should be read carefully before investing.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc.,
an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Capital Client Group, Inc., member FINRA.
© 2024 Capital Group. All rights reserved.
MFGEFP3-380-0924
Private Client Services Funds — Page 23 of 23