N-Q 1 acctfmf11302017nqdoc.htm N-Q ACCTFMF 11.30.2017 N-Q Combined Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number
811-03706
 
 
AMERICAN CENTURY CALIFORNIA TAX-FREE AND MUNICIPAL FUNDS
(Exact name of registrant as specified in charter)
 
 
4500 MAIN STREET, KANSAS CITY, MISSOURI
64111
(Address of principal executive offices)
(Zip Code)
 
 
CHARLES A. ETHERINGTON, 4500 MAIN STREET
KANSAS CITY, MISSOURI 64111
(Name and address of agent for service)
 
 
Registrant’s telephone number, including area code:
816-531-5575
 
 
Date of fiscal year end:
08-31
 
 
Date of reporting period:
11-30-2017


ITEM 1. SCHEDULE OF INVESTMENTS.






American Century Investments® 
Quarterly Portfolio Holdings
California High-Yield Municipal Fund
November 30, 2017





amcentlogoa48.jpg


California High-Yield Municipal - Schedule of Investments
NOVEMBER 30, 2017 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
MUNICIPAL SECURITIES — 100.0%
 
 
California — 98.9%
 
 
91 Express Lanes Toll Road Rev., 5.00%, 8/15/30
2,400,000

2,764,848

ABAG Finance Authority for Nonprofit Corps. Rev., (Jackson Laboratory), 5.00%, 7/1/37
2,000,000

2,213,940

ABC Unified School District GO, Capital Appreciation, 0.00%, 8/1/21 (NATL)(1)
1,000,000

931,810

Alameda Community Facilities District Special Tax, 5.00%, 9/1/42
1,250,000

1,375,100

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/26
2,000,000

2,314,000

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/27 (AGM)
2,000,000

2,304,540

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/37
1,500,000

1,706,100

Antelope Valley Healthcare District Rev., 5.00%, 3/1/26
5,000,000

5,431,900

Antelope Valley Healthcare District Rev., 5.00%, 3/1/46
5,000,000

5,251,050

Atwater Wastewater Rev., 5.00%, 5/1/40 (AGM)
1,200,000

1,382,676

Atwater Wastewater Rev., 5.00%, 5/1/43 (AGM)
1,000,000

1,149,590

Bay Area Toll Authority Rev., VRDN, 1.66%, 12/7/17, resets weekly off the MUNIPSA plus 0.70%
1,450,000

1,456,945

Bay Area Toll Authority Rev., VRDN, 2.06%, 12/7/17, resets weekly off the MUNIPSA plus 1.10%
2,500,000

2,565,350

Bay Area Toll Authority Rev., VRDN, 2.21%, 12/7/17, resets weekly off the MUNIPSA plus 1.25%
1,000,000

1,029,700

Beaumont Unified School District GO, Capital Appreciation, 0.00%, 8/1/40 (AGM)(1)
2,000,000

816,920

Berryessa Union School District GO, Capital Appreciation, 0.00%, 8/1/21 (AGM)(1)
1,190,000

1,109,651

Berryessa Union School District GO, Capital Appreciation, 0.00%, 8/1/22 (AGM)(1)
1,220,000

1,106,869

Berryessa Union School District GO, Capital Appreciation, 0.00%, 8/1/23 (AGM)(1)
1,000,000

884,540

California County Tobacco Securitization Agency Rev., (Alameda County Tobacco Securitization Corp.), 0.00%, 6/1/50(1)
22,520,000

2,556,245

California County Tobacco Securitization Agency Rev., (Los Angeles County Securitization Corp.), 5.45%, 6/1/28
2,000,000

2,034,360

California County Tobacco Securitization Agency Rev., (Los Angeles County Securitization Corp.), 5.65%, 6/1/41
1,500,000

1,512,345

California Educational Facilities Authority Rev., (Chapman University), 5.00%, 4/1/25
715,000

854,539

California Educational Facilities Authority Rev., (Chapman University), 5.00%, 4/1/31 (GA: Brandman University)
1,820,000

1,997,832

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/30
575,000

679,202

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/31
650,000

762,541

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/32
500,000

584,345

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/33
575,000

668,426

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/34
1,250,000

1,447,587

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/35
1,250,000

1,439,912

California Educational Facilities Authority Rev., (University of Redlands), 5.00%, 10/1/34
1,000,000

1,162,320

California Health Facilities Financing Authority Rev., (Adventist Health System/West Obligated Group), 4.00%, 3/1/24
2,250,000

2,492,235

California Health Facilities Financing Authority Rev., (Adventist Health System/West Obligated Group), 4.00%, 3/1/25
250,000

279,265

California Health Facilities Financing Authority Rev., (Children's Hospital Los Angeles), 5.00%, 8/15/47
3,215,000

3,665,261

California Health Facilities Financing Authority Rev., (Lucile Salter Packard Children's Hospital at Stanford Obligated Group), 5.00%, 8/15/26
1,020,000

1,154,344

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), 5.00%, 7/1/37
445,000

503,540

California Health Facilities Financing Authority Rev., (Scripps Health Obligated Group), 5.50%, 10/1/20
1,500,000

1,550,580

California Infrastructure & Economic Development Bank Rev., (Colburn School), VRDN, 1.97%, 12/7/17, resets weekly off the MUNIPSA plus 1.00%
2,190,000

2,199,067

California Infrastructure & Economic Development Bank Rev., (Museum Associates), VRDN, 2.68%, 12/7/17, resets weekly off 70% of the 1-month LIBOR plus 1.75%
1,000,000

1,001,500

California Mobilehome Park Financing Authority Rev., (Millennium Housing of California), 5.50%, 12/15/41
2,000,000

2,002,220

California Municipal Finance Authority Rev., (Azusa Pacific University), 5.00%, 4/1/41
1,860,000

2,020,034

California Municipal Finance Authority Rev., (Biola University, Inc.), 5.00%, 10/1/25
1,210,000

1,437,928



California Municipal Finance Authority Rev., (Biola University, Inc.), 5.00%, 10/1/26
355,000

426,440

California Municipal Finance Authority Rev., (Bowles Hall Foundation), 5.00%, 6/1/50
1,750,000

1,906,030

California Municipal Finance Authority Rev., (Caritas Affordable Housing, Inc.), 5.00%, 8/15/20
600,000

653,046

California Municipal Finance Authority Rev., (Caritas Affordable Housing, Inc.), 5.00%, 8/15/22
360,000

408,787

California Municipal Finance Authority Rev., (Chevron Corp.), VRDN, 0.83%, 12/1/17, resets daily off the remarketing agent (GA: Chevron Corp.)
2,700,000

2,700,000

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/27
1,000,000

1,187,270

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/46
3,615,000

4,023,314

California Municipal Finance Authority Rev., (Creative Center of Los Altos), 4.00%, 11/1/26(2)
625,000

638,619

California Municipal Finance Authority Rev., (Creative Center of Los Altos), 4.00%, 11/1/36(2)
1,400,000

1,344,224

California Municipal Finance Authority Rev., (Creative Center of Los Altos), 4.50%, 11/1/46(2)
2,100,000

2,079,798

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/42
1,750,000

1,974,105

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/47
3,000,000

3,355,590

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/42
3,500,000

4,009,635

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/24
1,000,000

1,141,340

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/25
1,000,000

1,152,770

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/26
500,000

581,045

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/35
350,000

387,846

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/40
500,000

549,840

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/44
300,000

329,130

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.25%, 11/1/47
1,600,000

1,786,704

California Municipal Finance Authority Rev., (Santa Rosa Academy LLC), 5.125%, 7/1/35(2)
905,000

958,332

California Municipal Finance Authority Rev., (Santa Rosa Academy LLC), 5.375%, 7/1/45(2)
1,400,000

1,494,038

California Municipal Finance Authority Rev., (Touro College and University System Obligated Group), 5.25%, 1/1/34
950,000

1,071,391

California Municipal Finance Authority Rev., (Touro College and University System Obligated Group), 5.25%, 1/1/40
1,750,000

1,916,600

California Pollution Control Financing Authority Rev., (Poseidon Resources Channelside LP), 5.00%, 11/21/45(2)
3,125,000

3,140,656

California Public Finance Authority Rev., (Henry Mayo Newhall Memorial Hospital), 5.00%, 10/15/47
3,500,000

3,860,500

California Public Finance Authority Rev., (Keck Graduate Institute of Applied Life Sciences), 5.00%, 7/1/47(2)
2,965,000

3,235,823

California School Finance Authority Rev., (52nd & Crenshaw LLC), 6.00%, 10/1/49
700,000

760,207

California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 5.00%, 7/1/31
4,000,000

4,466,600

California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 5.00%, 7/1/45(2)
5,000,000

5,474,250

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/27(2)
500,000

566,990

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/28(2)
1,285,000

1,454,003

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/29(2)
795,000

898,978

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/30(2)
400,000

450,860

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/31(2)
500,000

562,615

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/40(2)
1,000,000

1,097,950

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/46(2)
1,000,000

1,088,050

California School Finance Authority Rev., (Downtown College Prep Obligated Group), 4.00%, 6/1/26(2)
2,525,000

2,579,767

California School Finance Authority Rev., (Downtown College Prep Obligated Group), 4.50%, 6/1/31(2)
1,500,000

1,548,090

California School Finance Authority Rev., (Downtown College Prep Obligated Group), 5.00%, 6/1/46(2)
4,630,000

4,805,107

California School Finance Authority Rev., (Downtown College Prep Obligated Group), 5.00%, 6/1/51(2)
2,000,000

2,062,800

California School Finance Authority Rev., (Encore Education Obligated Group), 5.00%, 6/1/42(2)
2,010,000

2,001,558

California School Finance Authority Rev., (Encore Education Obligated Group), 5.00%, 6/1/52(2)
2,190,000

2,144,163

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/45(2)
3,500,000

3,771,810

California School Finance Authority Rev., (Kepler Education, Inc.), 5.75%, 5/1/37(2)
1,050,000

1,069,016

California School Finance Authority Rev., (Kepler Education, Inc.), 5.875%, 5/1/47(2)
1,425,000

1,450,151

California School Finance Authority Rev., (Kipp Schools), 4.125%, 7/1/24
455,000

489,971

California School Finance Authority Rev., (Kipp Schools), 5.00%, 7/1/34
500,000

567,555



California School Finance Authority Rev., (Kipp Schools), 5.00%, 7/1/37(2)
1,180,000

1,348,716

California School Finance Authority Rev., (Kipp Schools), 5.125%, 7/1/44
700,000

787,262

California School Finance Authority Rev., (Kipp Schools), 5.00%, 7/1/45(2)
1,650,000

1,868,410

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/21(2)
1,215,000

1,281,363

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/26(2)
500,000

541,245

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/31(2)
870,000

932,083

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/36(2)
1,000,000

1,057,310

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/46(2)
2,100,000

2,176,965

California School Finance Authority Rev., (Summit Public Schools Obligated Group), 5.00%, 6/1/37(2)
1,000,000

1,120,250

California School Finance Authority Rev., (Summit Public Schools Obligated Group), 5.00%, 6/1/47(2)
1,870,000

2,088,472

California School Finance Authority Rev., (Summit Public Schools Obligated Group), 4.30%, 6/1/53(2)
1,250,000

1,259,700

California State Public Works Board Rev., 5.00%, 4/1/25
1,500,000

1,699,500

California State Public Works Board Rev., 5.75%, 10/1/31
1,000,000

1,137,400

California State Public Works Board Rev., 5.00%, 12/1/31
975,000

1,081,538

California State Public Works Board Rev., 5.00%, 4/1/37
5,465,000

6,059,483

California State Public Works Board Rev., 5.00%, 11/1/38
2,350,000

2,666,639

California State Public Works Board Rev., 5.00%, 9/1/39
7,000,000

7,958,300

California Statewide Communities Development Authority Rev., (899 Charleston LLC), 5.25%, 11/1/44(2)
1,500,000

1,600,020

California Statewide Communities Development Authority Rev., (Adventist Health System/West Obligated Group), 5.00%, 3/1/35
1,785,000

2,040,076

California Statewide Communities Development Authority Rev., (American Baptist Homes of the West Obligated Group), 5.00%, 10/1/43 (GA: American Baptist Homes Foundation)
1,200,000

1,288,032

California Statewide Communities Development Authority Rev., (American Baptist Homes of the West Obligated Group), 5.00%, 10/1/45
2,400,000

2,634,120

California Statewide Communities Development Authority Rev., (Be.group), 7.25%, 11/15/41(2)
2,500,000

2,734,800

California Statewide Communities Development Authority Rev., (California Baptist University), 3.00%, 11/1/22(2)
2,000,000

2,005,740

California Statewide Communities Development Authority Rev., (California Baptist University), 3.50%, 11/1/27(2)
2,630,000

2,662,928

California Statewide Communities Development Authority Rev., (California Baptist University), 5.00%, 11/1/32(2)
2,990,000

3,336,182

California Statewide Communities Development Authority Rev., (California Baptist University), 5.00%, 11/1/41(2)
4,450,000

4,871,949

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 3.50%, 5/15/36
5,235,000

5,055,021

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/40
1,000,000

1,142,630

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/34
1,500,000

1,705,965

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/44
2,760,000

3,099,977

California Statewide Communities Development Authority Rev., (Cottage Health System Obligated Group), 5.25%, 11/1/30
1,250,000

1,358,713

California Statewide Communities Development Authority Rev., (Episcopal Communities & Services for Seniors), 5.00%, 5/15/42
1,500,000

1,642,320

California Statewide Communities Development Authority Rev., (Henry Mayo Newhall Memorial Hospital), 5.25%, 10/1/43 (AGM)
1,000,000

1,130,050

California Statewide Communities Development Authority Rev., (Independence Support LLC), 7.00%, 6/1/45
7,000,000

5,870,060

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 0.94%, 12/6/17, resets weekly off the remarketing agent
2,300,000

2,300,000

California Statewide Communities Development Authority Rev., (Lancer Educational Housing LLC), 5.00%, 6/1/46(2)
3,500,000

3,675,280

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/26(2)
2,000,000

2,283,400

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/29(2)
3,155,000

3,536,976

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/36(2)
1,000,000

1,095,490

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/41(2)
1,700,000

1,846,880



California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.25%, 12/1/44
5,000,000

5,476,800

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/46(2)
9,900,000

10,702,791

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.50%, 12/1/54
4,605,000

5,078,716

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.25%, 12/1/56(2)
10,250,000

11,177,830

California Statewide Communities Development Authority Rev., (Los Angeles Jewish Home for the Aging Obligated Group), 3.00%, 8/1/21 (California Mortgage Insurance) (GA: Jewish Home Foundation)
215,000

215,254

California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 4.00%, 10/1/41
6,500,000

6,620,835

California Statewide Communities Development Authority Rev., (Southern California Edison Co.), VRDN, 1.375%, 4/2/18, resets off the remarketing agent
4,350,000

4,351,174

California Statewide Communities Development Authority Special Assessment, 2.70%, 9/2/22
345,000

348,526

California Statewide Communities Development Authority Special Assessment, 3.00%, 9/2/23
355,000

362,714

California Statewide Communities Development Authority Special Assessment, 3.00%, 9/2/24
365,000

370,574

California Statewide Communities Development Authority Special Assessment, 5.00%, 9/2/35
1,920,000

2,108,333

California Statewide Communities Development Authority Special Assessment, 5.00%, 9/2/45
3,810,000

4,146,004

California Statewide Communities Development Authority Special Tax, 5.00%, 9/1/36
1,000,000

1,107,330

California Statewide Communities Development Authority Special Tax, 5.00%, 9/1/37
4,515,000

5,028,852

California Statewide Communities Development Authority Special Tax, 5.00%, 9/1/45
1,500,000

1,648,155

California Statewide Communities Development Authority Special Tax, 5.00%, 9/1/47
1,650,000

1,807,047

Capistrano Unified School District Special Tax, 3.20%, 9/1/44
1,630,000

1,421,849

Capistrano Unified School District Special Tax, 4.00%, 9/1/46
3,000,000

3,018,540

Cathedral City Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/29 (AGM)
1,250,000

1,433,938

Cathedral City Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/30 (AGM)
1,315,000

1,500,731

Cathedral City Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/31 (AGM)
1,380,000

1,567,694

Corona-Norco Unified School District Special Tax, 4.00%, 9/1/45
2,000,000

2,051,900

Del Mar Race Track Authority Rev., 5.00%, 10/1/29
1,010,000

1,132,038

Del Mar Race Track Authority Rev., 5.00%, 10/1/35
2,000,000

2,196,340

Dixon Special Tax, 5.00%, 9/1/45
4,780,000

5,188,021

Duarte Unified School District GO, Capital Appreciation, 0.00%, 11/1/23 (AGM)(1)
1,150,000

1,011,138

Dublin Community Facilities District Improvement Area No. 1 Special Tax, 5.00%, 9/1/37
1,150,000

1,296,361

Dublin Community Facilities District Improvement Area No. 1 Special Tax, 5.00%, 9/1/47
2,840,000

3,134,622

East Garrison Public Finance Authority Special Tax, 5.00%, 9/1/46
1,250,000

1,386,113

Eastern Municipal Water District Special Tax, 5.00%, 9/1/36
3,575,000

3,910,335

El Dorado County Special Tax, 5.00%, 9/1/27
1,055,000

1,217,016

El Dorado County Special Tax, 5.00%, 9/1/29
1,225,000

1,394,932

El Dorado County Special Tax, 5.00%, 9/1/30
1,325,000

1,502,311

El Dorado County Special Tax, 5.00%, 9/1/31
1,280,000

1,446,080

El Dorado County Special Tax, 5.00%, 9/1/32
1,355,000

1,523,142

El Dorado County Special Tax, 4.00%, 9/1/46
2,350,000

2,356,768

Elk Grove Finance Authority Special Tax, 4.00%, 9/1/22
1,310,000

1,414,355

Elk Grove Finance Authority Special Tax, 4.00%, 9/1/24
1,705,000

1,852,789

Elk Grove Finance Authority Special Tax, 4.00%, 9/1/26
2,140,000

2,339,576

Elk Grove Finance Authority Special Tax, 5.00%, 9/1/46
3,500,000

3,878,350

Emeryville Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/31 (AGM)
590,000

682,949

Emeryville Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/34 (AGM)
1,000,000

1,144,840

Escondido Joint Powers Financing Authority Rev., 5.00%, 9/1/31
1,355,000

1,507,221

Folsom Ranch Financing Authority Special Tax, 5.00%, 9/1/47
3,075,000

3,308,023

Fontana Special Tax, 5.00%, 9/1/46
1,000,000

1,103,740

Foothill-De Anza Community College District GO, Capital Appreciation, 0.00%, 8/1/21 (NATL)(1)
3,000,000

2,804,550



Foothill-Eastern Transportation Corridor Agency Rev., 6.50%, 1/15/43
4,000,000

4,826,200

Foothill-Eastern Transportation Corridor Agency Rev., 6.00%, 1/15/49
27,500,000

32,718,675

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/24(3)
2,200,000

1,941,588

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/42(1)
6,000,000

2,046,840

Foothill-Eastern Transportation Corridor Agency Rev., VRDN, 5.50%, 1/15/23, resets off the remarketing agent
3,750,000

4,268,812

Fremont Community Facilities District No. 1 Special Tax, 5.00%, 9/1/40
3,000,000

3,298,440

Fremont Community Facilities District No. 1 Special Tax, 5.00%, 9/1/45
2,000,000

2,190,440

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/24
1,500,000

1,749,825

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/25
1,000,000

1,180,310

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/26
1,000,000

1,184,320

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/29
1,500,000

1,727,040

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/29
1,545,000

1,805,533

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/33
2,945,000

2,944,941

Golden State Tobacco Securitization Corp. Rev., 5.30%, 6/1/37
7,000,000

7,059,920

Golden State Tobacco Securitization Corp. Rev., 5.125%, 6/1/47
17,900,000

17,900,000

Golden State Tobacco Securitization Corp. Rev., 5.75%, 6/1/47
4,705,000

4,740,287

Golden State Tobacco Securitization Corp. Rev., Capital Appreciation, 0.00%, 6/1/47(1)
20,000,000

2,596,800

Hemet Unified School District Financing Authority Special Tax, 5.00%, 9/1/34
350,000

386,134

Hemet Unified School District Financing Authority Special Tax, 5.00%, 9/1/39
2,100,000

2,288,622

Hesperia Special Tax, 5.00%, 9/1/29
1,060,000

1,184,370

Hesperia Special Tax, 5.00%, 9/1/35
2,690,000

2,952,329

Hesperia Public Financing Authority Tax Allocation, 5.50%, 9/1/32 (XLCA)
3,000,000

3,005,010

Hesperia Public Financing Authority Tax Allocation, 5.50%, 9/1/37 (XLCA)
2,025,000

2,028,260

Huntington Beach Community Facilities District Special Tax, 5.375%, 9/1/33
1,700,000

1,889,618

Independent Cities Finance Authority Rev., (Augusta Communities LLC), 5.00%, 5/15/39
2,500,000

2,655,700

Independent Cities Finance Authority Rev., (Millennium Housing Corp.), 5.00%, 9/15/36
1,000,000

1,066,680

Independent Cities Finance Authority Rev., (Millennium Housing Corp.), 5.00%, 9/15/36
1,500,000

1,592,880

Independent Cities Finance Authority Rev., (Millennium Housing LLC), 6.75%, 8/15/46
2,500,000

2,828,600

Independent Cities Finance Authority Rev., (Millennium Housing LLC), 5.00%, 10/15/47
4,000,000

4,282,680

Inland Valley Development Agency Tax Allocation, 5.25%, 9/1/37
1,110,000

1,255,188

Irvine Special Assessment, 5.00%, 9/2/24
700,000

777,805

Irvine Special Assessment, 5.00%, 9/2/26
600,000

665,274

Irvine Special Assessment, 5.00%, 9/2/29
700,000

769,846

Irvine Special Assessment, 5.00%, 9/2/30
350,000

384,150

Irvine Special Assessment, 5.00%, 9/2/42
1,500,000

1,651,395

Irvine Special Assessment, VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: U.S. Bank N.A.)
4,000,000

4,000,000

Irvine Special Assessment, VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: State Street Bank & Trust Co.)
800,000

800,000

Irvine Special Tax, 5.00%, 9/1/39
1,000,000

1,088,710

Irvine Special Tax, 5.00%, 9/1/44
500,000

544,040

Irvine Special Tax, 4.00%, 9/1/45
7,500,000

7,599,150

Irvine Special Tax, 5.00%, 9/1/49
4,500,000

4,818,240

Irvine Unified School District Special Tax, 5.00%, 9/1/29
550,000

637,764

Irvine Unified School District Special Tax, 5.00%, 9/1/29
700,000

814,261

Irvine Unified School District Special Tax, 5.00%, 9/1/31
420,000

482,824

Irvine Unified School District Special Tax, 5.00%, 9/1/34
500,000

569,850

Irvine Unified School District Special Tax, 6.70%, 9/1/35
515,000

562,699

Irvine Unified School District Special Tax, 5.00%, 3/1/57
3,500,000

3,936,170

Jurupa Community Services District Special Tax, 5.00%, 9/1/37
250,000

268,048

Jurupa Community Services District Special Tax, 5.00%, 9/1/40
1,605,000

1,757,026



Jurupa Community Services District Special Tax, 5.00%, 9/1/42
1,000,000

1,069,470

Jurupa Public Financing Authority Special Tax, 5.00%, 9/1/42
1,000,000

1,129,670

Jurupa Unified School District Special Tax, 3.625%, 9/1/42(4)
1,300,000

1,233,635

Jurupa Unified School District Special Tax, 4.00%, 9/1/47(4)
1,000,000

1,003,960

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/36
1,100,000

1,162,821

Lake Elsinore Special Tax, 4.00%, 9/1/46
4,480,000

4,535,910

Lake Elsinore Public Financing Authority Special Tax, 5.00%, 9/1/34
535,000

592,614

Lake Elsinore Public Financing Authority Special Tax, 5.00%, 9/1/40
2,380,000

2,647,441

Lake Elsinore Unified School District Community Facilities District Special Tax, 4.00%, 9/1/42(4)
600,000

607,692

Lake Elsinore Unified School District Community Facilities District Special Tax, 4.00%, 9/1/47(4)
900,000

907,902

Lammersville Joint Unified School District Special Tax, 5.00%, 9/1/27
450,000

530,514

Lammersville Joint Unified School District Special Tax, 5.00%, 9/1/28
505,000

588,355

Lammersville Joint Unified School District Special Tax, 5.00%, 9/1/30
1,300,000

1,493,284

Lammersville Joint Unified School District Special Tax, 5.00%, 9/1/32
1,510,000

1,711,525

Lammersville Joint Unified School District Special Tax, 6.00%, 9/1/43
1,250,000

1,460,712

Lammersville Joint Unified School District Special Tax, 5.00%, 9/1/47
3,750,000

4,194,300

Long Beach Bond Finance Authority Rev., 5.50%, 11/15/37 (GA: Merrill Lynch & Co.)
1,150,000

1,466,664

Long Beach Marina System Rev., 5.00%, 5/15/45
5,245,000

5,778,416

Los Alamitos Unified School District COP, Capital Appreciation, 0.00%, 8/1/24(3)
1,300,000

1,171,833

Los Angeles Community Facilities District Special Tax, 6.40%, 9/1/22
755,000

757,084

Los Angeles County COP, 5.00%, 3/1/23
1,000,000

1,151,780

Los Angeles County Schools COP, 4.00%, 6/1/18 (AGM)
1,650,000

1,671,763

Los Angeles County Schools COP, 5.00%, 6/1/19 (AGM)
1,200,000

1,259,724

Los Angeles County Schools COP, 5.00%, 6/1/20 (AGM)
1,305,000

1,411,619

Los Angeles County Schools COP, 5.00%, 6/1/21 (AGM)
1,895,000

2,103,393

Los Angeles Department of Water & Power Rev., 5.00%, 7/1/30
3,500,000

4,055,275

Los Angeles Department of Water & Power Rev., VRDN, 0.84%, 12/1/17, resets daily off the remarketing agent (SBBPA: Bank of America N.A.)
8,400,000

8,400,000

Los Angeles Unified School District COP, 5.00%, 10/1/29
350,000

398,055

Los Angeles Unified School District GO, 5.00%, 7/1/18
3,335,000

3,408,337

Los Angeles Unified School District GO, 5.00%, 7/1/30
1,155,000

1,358,130

M-S-R Energy Authority Rev., 7.00%, 11/1/34 (GA: Citigroup, Inc.)
1,700,000

2,429,929

M-S-R Energy Authority Rev., 6.50%, 11/1/39 (GA: Citigroup, Inc.)
4,000,000

5,678,640

Menifee Union School District Public Financing Authority Special Tax, 5.00%, 9/1/24
1,200,000

1,387,440

Menifee Union School District Public Financing Authority Special Tax, 5.00%, 9/1/26
755,000

873,837

Menifee Union School District Public Financing Authority Special Tax, 4.00%, 9/1/27
420,000

453,936

Menifee Union School District Public Financing Authority Special Tax, 5.00%, 9/1/28
325,000

371,040

Modesto Irrigation District COP, 6.00%, 10/1/39
2,120,000

2,245,228

Moorpark Rev., (Villa del Arroyo Moorpark LLC), 6.50%, 5/15/41
4,000,000

4,466,600

Murrieta Community Facilities District Special Tax, 5.00%, 9/1/42
655,000

725,773

Murrieta Community Facilities District Special Tax, 5.00%, 9/1/46
825,000

911,295

Murrieta Financing Authority Special Tax, 5.00%, 9/1/31
1,735,000

1,889,623

Murrieta Valley Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/23
2,530,000

2,886,603

Murrieta Valley Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/30
1,735,000

1,977,102

Murrieta Valley Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/31
1,915,000

2,172,816

Murrieta Valley Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/32
1,155,000

1,303,926

Napa Special Tax, 4.00%, 9/1/25(4)
155,000

168,301

Napa Special Tax, 4.00%, 9/1/26(4)
365,000

396,069

Napa Special Tax, 4.00%, 9/1/33(4)
315,000

330,010

Napa Special Tax, 4.00%, 9/1/34(4)
400,000

417,372



Napa Special Tax, 4.00%, 9/1/42(4)
2,270,000

2,325,138

Napa Special Tax, 4.00%, 9/1/47(4)
4,070,000

4,119,003

Norman Y Mineta San Jose International Airport SJC Rev., 5.25%, 3/1/34
2,605,000

2,879,749

Northern California Power Agency Rev., 5.00%, 7/1/31
1,090,000

1,228,201

Northern Inyo County Local Hospital District Rev., 3.875%, 12/1/27
1,675,000

1,666,072

Ontario Community Facilities District No. 24 Special Tax, 5.00%, 9/1/26
390,000

451,191

Ontario Community Facilities District No. 24 Special Tax, 5.00%, 9/1/41
1,000,000

1,111,280

Ontario Community Facilities District No. 24 Special Tax, 5.00%, 9/1/46
1,000,000

1,107,310

Ontario Community Facilities District No. 28 Special Tax, 5.00%, 9/1/42
1,000,000

1,094,000

Ontario Community Facilities District No. 28 Special Tax, 5.00%, 9/1/47
500,000

545,740

Ontario Community Facilities District No. 31 Special Tax, 5.00%, 9/1/42
1,050,000

1,150,832

Orange Community Facilities District Special Tax, 5.00%, 10/1/40 (AGM)
2,000,000

2,263,640

Orange County Community Facilities District Special Tax, 5.25%, 8/15/45
4,000,000

4,505,920

Orange County Community Facilities District Special Tax, 5.00%, 8/15/46
10,000,000

11,139,700

Oxnard Financing Authority Rev., 5.00%, 6/1/33 (AGM)
2,095,000

2,388,195

Oxnard Financing Authority Rev., 5.00%, 6/1/34 (AGM)
2,750,000

3,126,062

Palm Desert Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/22 (BAM)
400,000

457,300

Palm Desert Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/24 (BAM)
475,000

561,816

Palm Desert Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/25 (BAM)
850,000

1,018,181

Palm Desert Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/26 (BAM)
600,000

727,638

Palm Springs Financing Authority Rev., 5.00%, 6/1/35
4,000,000

4,427,760

Palomar Health Rev., 5.00%, 11/1/27
2,005,000

2,311,304

Palomar Health Rev., 5.00%, 11/1/30
3,000,000

3,405,660

Palomar Health Rev., 5.00%, 11/1/31
2,125,000

2,403,545

Palomar Health Rev., 5.00%, 11/1/36
6,250,000

6,946,812

Palomar Health Rev., 4.00%, 11/1/39
8,875,000

8,849,085

Palomar Health Rev., 5.00%, 11/1/39
3,170,000

3,505,069

Perris Joint Powers Authority Special Tax, 5.00%, 9/1/26
1,090,000

1,257,391

Perris Joint Powers Authority Special Tax, 5.00%, 9/1/27
1,000,000

1,160,480

Perris Joint Powers Authority Special Tax, 5.00%, 9/1/30
1,325,000

1,510,102

Perris Joint Powers Authority Special Tax, 5.00%, 9/1/34
1,555,000

1,741,958

Perris Union High School District Special Tax, 5.00%, 9/1/41
4,750,000

5,240,390

Pleasant Valley School District/Ventura County GO, 5.85%, 8/1/31 (NATL)
4,835,000

6,051,679

Poway Unified School District Special Tax, 3.375%, 9/1/42
2,475,000

2,269,847

Poway Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/34
1,000,000

1,105,190

Poway Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/35
1,000,000

1,101,610

Poway Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/36
1,250,000

1,375,238

Rancho Cordova Special Tax, 4.00%, 9/1/22
400,000

428,512

Rancho Cordova Special Tax, 4.00%, 9/1/23
650,000

701,467

Rancho Cordova Special Tax, 4.00%, 9/1/24
500,000

540,765

Rancho Cordova Special Tax, 4.00%, 9/1/26
1,000,000

1,081,960

Rancho Cordova Special Tax, 4.00%, 9/1/27
425,000

455,422

Rancho Cordova Special Tax, 4.00%, 9/1/29
1,280,000

1,352,486

Rancho Cordova Special Tax, 4.00%, 9/1/31
1,350,000

1,412,843

Rancho Cordova Special Tax, 4.00%, 9/1/37
3,000,000

3,071,070

Rancho Cordova Special Tax, 5.00%, 9/1/40
1,195,000

1,309,636

Rancho Cordova Special Tax, 5.00%, 9/1/45
1,250,000

1,364,613

Redding Electric System Rev., 5.00%, 6/1/21
400,000

444,564

Redding Electric System Rev., 5.00%, 6/1/23
740,000

859,096



Redwood City Redevelopment Agency Successor Agency Tax Allocation, Capital Appreciation, 0.00%, 7/15/28
(Ambac)(1)
3,405,000

2,390,685

Rio Elementary School District Community Facilities District Special Tax, 5.00%, 9/1/35
2,550,000

2,800,282

Rio Elementary School District Community Facilities District Special Tax, 5.50%, 9/1/39
1,785,000

1,978,922

River Islands Public Financing Authority Special Tax, 5.50%, 9/1/45
3,500,000

3,749,445

River Islands Public Financing Authority Special Tax, 5.50%, 9/1/45
5,000,000

5,345,200

Riverside County Community Facilities Districts Special Tax, 5.00%, 9/1/30
1,035,000

1,121,526

Riverside County Community Facilities Districts Special Tax, 5.00%, 9/1/35
2,520,000

2,698,492

Riverside County Community Facilities Districts Special Tax, 5.00%, 9/1/40
2,250,000

2,475,427

Riverside County Community Facilities Districts Special Tax, 5.00%, 9/1/42
3,000,000

3,186,810

Riverside County Community Facilities Districts Special Tax, 5.00%, 9/1/42
1,110,000

1,231,856

Riverside County Community Facilities Districts Special Tax, 5.00%, 9/1/44
2,735,000

3,003,194

Riverside County Community Facilities Districts Special Tax, 5.00%, 9/1/45
540,000

597,883

Riverside County Public Financing Authority Tax Allocation, 4.00%, 10/1/36 (BAM)
2,500,000

2,632,075

Riverside County Transportation Commission Rev., 5.25%, 6/1/39
800,000

924,224

Riverside County Transportation Commission Rev., 5.75%, 6/1/44
500,000

561,335

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/41(1)
2,000,000

693,480

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/42(1)
3,320,000

1,095,168

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/43(1)
5,000,000

1,568,450

Riverside Sewer Rev., 5.00%, 8/1/40
2,000,000

2,267,420

Romoland School District Special Tax, 5.00%, 9/1/35
4,685,000

5,197,961

Romoland School District Special Tax, 5.00%, 9/1/38
2,900,000

3,200,875

Romoland School District Special Tax, 5.00%, 9/1/41
1,250,000

1,400,288

Romoland School District Special Tax, 5.00%, 9/1/43
2,640,000

2,849,933

Roseville Special Tax, 5.00%, 9/1/32(2)
1,265,000

1,383,252

Roseville Special Tax, 5.00%, 9/1/37
1,250,000

1,359,325

Roseville Special Tax, 5.00%, 9/1/38
1,650,000

1,825,758

Roseville Special Tax, 5.00%, 9/1/44
1,650,000

1,761,639

Roseville Special Tax, 5.00%, 9/1/47(2)
6,500,000

6,965,530

Roseville Natural Gas Financing Authority Rev., 5.00%, 2/15/27 (GA: Merrill Lynch & Co.)
5,000,000

5,811,450

Sacramento Special Tax, 5.00%, 9/1/41
1,900,000

2,090,399

Sacramento Special Tax, 5.00%, 9/1/46
2,250,000

2,466,630

Sacramento Special Tax, 5.00%, 9/1/47(2)
1,900,000

2,012,575

Sacramento County Special Tax, 5.00%, 9/1/29(4)
1,000,000

1,155,550

Sacramento County Special Tax, 5.00%, 9/1/30(4)
1,170,000

1,345,640

Sacramento County Special Tax, 5.00%, 9/1/31(4)
1,355,000

1,552,315

Sacramento County Special Tax, 5.00%, 9/1/32(4)
665,000

760,055

Sacramento County Special Tax, 5.00%, 9/1/35(4)
2,335,000

2,647,960

Sacramento County Special Tax, 5.00%, 9/1/40
2,350,000

2,598,465

Sacramento County Special Tax, 5.00%, 9/1/40(4)
3,000,000

3,378,240

Sacramento County Special Tax, 5.00%, 9/1/45
4,700,000

5,211,783

Sacramento County Special Tax, 5.00%, 9/1/46
3,385,000

3,710,908

Sacramento County Airport System Rev., 6.00%, 7/1/35
4,000,000

4,106,120

Sacramento Transportation Authority Rev., 5.00%, 10/1/24
1,055,000

1,223,557

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 2.00%, 12/1/17 (AGM)
2,675,000

2,675,000

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/21 (AGM)
3,900,000

4,383,405

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/23 (AGM)
2,425,000

2,836,838

San Buenaventura Rev., (Community Memorial Health System), 7.50%, 12/1/41
9,350,000

10,898,734

San Clemente Special Tax, 5.00%, 9/1/46
7,665,000

8,335,381

San Bernardino County Special Tax, 5.00%, 9/1/33
3,000,000

3,330,750



San Bernardino County Special Tax, 4.00%, 9/1/42(4)
700,000

714,112

San Bernardino County Special Tax, 4.00%, 9/1/48(4)
1,000,000

1,013,640

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/25
835,000

1,000,489

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/26
525,000

623,611

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/30
725,000

836,875

San Diego Special Tax, 5.00%, 9/1/37
985,000

1,086,810

San Diego Association of Governments South Bay Expressway Rev., 5.00%, 7/1/31
2,000,000

2,413,920

San Diego Association of Governments South Bay Expressway Rev., 5.00%, 7/1/33
1,550,000

1,850,436

San Diego Association of Governments South Bay Expressway Rev., 5.00%, 7/1/37
2,000,000

2,363,580

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/24
300,000

352,092

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/25
955,000

1,117,503

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/26
500,000

584,500

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/43
2,500,000

2,851,250

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/44
1,500,000

1,700,745

San Diego Public Facilities Financing Authority Water Rev., 5.00%, 8/1/30
2,000,000

2,268,420

San Diego Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/21
390,000

436,905

San Diego Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/22
545,000

624,712

San Diego Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/23
650,000

761,027

San Diego Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/24
700,000

834,729

San Diego Unified Port District Rev., 5.00%, 9/1/26
750,000

866,603

San Francisco City & County Redevelopment Agency Special Tax, Capital Appreciation, 0.00%, 8/1/43(1)
5,500,000

1,364,000

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/33
780,000

899,418

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/43
1,000,000

1,135,360

San Gorgonio Memorial Health Care District GO, 4.00%, 8/1/18
515,000

523,940

San Gorgonio Memorial Health Care District GO, 5.00%, 8/1/20
1,000,000

1,081,590

San Gorgonio Memorial Health Care District GO, 5.00%, 8/1/21
275,000

303,958

San Jacinto Community Facilities District Special Tax, 5.00%, 9/1/28
1,080,000

1,246,752

San Jacinto Community Facilities District Special Tax, 5.00%, 9/1/29
1,165,000

1,337,152

San Jacinto Community Facilities District Special Tax, 5.00%, 9/1/32
450,000

506,930

San Jacinto Community Facilities District Special Tax, 5.00%, 9/1/33
1,280,000

1,456,512

San Jacinto Community Facilities District Special Tax, 5.00%, 9/1/34
335,000

379,284

San Joaquin Hills Transportation Corridor Agency Rev., 5.25%, 1/15/44
6,000,000

6,732,180

San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/25 (NATL)(1)
3,090,000

2,515,940

San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/29 (NATL)(1)
165,000

112,697

San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/31 (NATL)(1)
16,000,000

9,982,400

San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/32 (NATL)(1)
290,000

173,092

San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/36 (NATL)(1)
1,335,000

662,000

San Mateo Special Tax, 6.00%, 9/1/42
500,000

556,690

San Mateo Special Tax, 5.50%, 9/1/44
2,250,000

2,454,142

Santa Barbara Secondary High School District GO, 0.00%, 8/1/36(1)
10,000,000

4,828,800

Santa Cruz County Redevelopment Agency Tax Allocation, 4.00%, 9/1/34 (BAM)
1,000,000

1,066,050

Santa Cruz County Redevelopment Agency Tax Allocation, 4.00%, 9/1/35 (BAM)
900,000

956,610

Santa Cruz County Redevelopment Agency Tax Allocation, 4.00%, 9/1/36 (BAM)
1,350,000

1,428,570

Santa Margarita Water District Special Tax, 5.625%, 9/1/43
1,250,000

1,375,400

Santaluz Community Facilities District No. 2 Special Tax, 5.10%, 9/1/21, Prerefunded at 103% of Par(5)
465,000

512,109

Saugus-Castaic School Facilities Financing Authority Special Tax, 6.00%, 9/1/43
1,475,000

1,672,591

Saugus/Hart School Facilities Financing Authority Special Tax, 5.00%, 9/1/41
1,235,000

1,371,245

Saugus/Hart School Facilities Financing Authority Special Tax, 5.00%, 9/1/46
1,245,000

1,377,642

Silicon Valley Tobacco Securitization Authority Rev., Capital Appreciation, 0.00%, 6/1/36(1)
32,000,000

11,328,000



Silicon Valley Tobacco Securitization Authority Rev., Capital Appreciation, 0.00%, 6/1/41(1)
5,000,000

1,241,200

Southern California Public Power Authority Rev., 5.25%, 11/1/19 (GA: Goldman Sachs & Co.)
2,445,000

2,607,250

Southern California Public Power Authority Rev., 5.00%, 11/1/33 (GA: Goldman Sachs & Co.)
3,755,000

4,550,459

Southern Mono Health Care District GO, Capital Appreciation, 0.00%, 8/1/26 (NATL)(1)
1,800,000

1,399,248

State of California GO, 5.00%, 11/1/19
5,000,000

5,321,100

State of California GO, 5.25%, 2/1/30
5,000,000

5,692,350

State of California GO, VRN, 1.87%, 12/7/17, resets weekly off the MUNIPSA plus 0.90%
2,000,000

2,000,320

State of California GO, VRN, 1.97%, 12/7/17, resets weekly off the MUNIPSA plus 1.00%
800,000

804,400

State of California GO, VRN, 2.12%, 12/7/17, resets weekly off the MUNIPSA plus 1.15%
960,000

974,112

Stockton Public Financing Authority Rev., 5.00%, 9/1/28 (BAM)
2,215,000

2,566,941

Stockton Public Financing Authority Rev., 5.00%, 9/1/29 (BAM)
1,750,000

2,016,297

Stockton Public Financing Authority Rev., 6.25%, 10/1/40
1,750,000

2,102,555

Stockton Unified School District GO, 5.00%, 8/1/31
4,620,000

5,382,208

Stockton Unified School District GO, 5.00%, 8/1/42 (AGM)
705,000

792,667

Sunnyvale Special Tax, 7.75%, 8/1/32
6,500,000

6,517,680

Tahoe-Truckee Unified School District GO, Capital Appreciation, 0.00%, 8/1/22 (NATL)(1)
2,690,000

2,445,049

Tahoe-Truckee Unified School District GO, Capital Appreciation, 0.00%, 8/1/23 (NATL)(1)
2,220,000

1,968,097

Tejon Ranch Public Facilities Finance Authority Special Tax, 5.00%, 9/1/45
4,000,000

4,369,560

Tobacco Securitization Authority of Northern California Rev., (Sacramento County Tobacco Securitization Corp.), 5.50%, 6/1/45
2,000,000

1,999,940

Tobacco Securitization Authority of Northern California Rev., (Sacramento County Tobacco Securitization Corp.), Capital Appreciation, 0.00%, 6/1/45(1)
20,000,000

1,879,200

Tobacco Securitization Authority of Northern California Rev., (Sacramento County Tobacco Securitization Corp.), Capital Appreciation, 0.00%, 6/1/45(1)
25,000,000

3,585,750

Tobacco Securitization Authority of Southern California Rev., (San Diego County Tobacco Asset Securitization Corp.), 5.00%, 6/1/37
2,250,000

2,255,535

Tobacco Securitization Authority of Southern California Rev., (San Diego County Tobacco Asset Securitization Corp.), 5.125%, 6/1/46
14,120,000

14,140,615

Tobacco Securitization Authority of Southern California Rev., (San Diego County Tobacco Asset Securitization Corp.), Capital Appreciation, 0.00%, 6/1/46(1)
25,000,000

2,352,250

Tracy Community Facilities District No. 2006-01 Special Tax, 5.75%, 9/1/36
3,105,000

3,106,925

Tracy Public Financing Authority Special Tax, 4.00%, 9/2/18
1,900,000

1,935,435

Tracy Public Financing Authority Special Tax, 5.00%, 9/2/19
2,285,000

2,407,933

Tracy Public Financing Authority Special Tax, 5.00%, 9/2/20
2,100,000

2,260,944

Tulare Sewer Rev., 5.00%, 11/15/22 (AGM)
500,000

575,150

Tulare Sewer Rev., 5.00%, 11/15/24 (AGM)
500,000

597,550

Tulare Sewer Rev., 5.00%, 11/15/25 (AGM)
400,000

485,472

Tustin Community Facilities District Special Tax, 5.00%, 9/1/37
3,330,000

3,661,268

Tustin Community Facilities District Special Tax, 5.00%, 9/1/40
1,100,000

1,220,439

Tustin Community Facilities District Special Tax, 5.00%, 9/1/45
2,200,000

2,431,418

University of California Rev., VRDN, 0.96%, 12/7/17, resets weekly off the remarketing agent
700,000

700,000

Val Verde Unified School District Special Tax, 5.00%, 9/1/37
1,750,000

1,915,375

Washington Township Health Care District Rev., 5.00%, 7/1/26
400,000

457,628

Washington Township Health Care District Rev., 3.25%, 7/1/27
1,000,000

1,016,810

Washington Township Health Care District Rev., 3.50%, 7/1/28
750,000

771,128

Washington Township Health Care District Rev., 3.75%, 7/1/29
1,000,000

1,037,400

Whittier Rev., (Presbyterian Intercommunity Hospital Obligated Group), 5.00%, 6/1/44
3,500,000

3,867,290

William S Hart Union High School District Special Tax, 5.00%, 9/1/42
1,350,000

1,485,283

William S Hart Union High School District Special Tax, 5.00%, 9/1/47
2,350,000

2,576,258

Woodland Special Tax, 4.00%, 9/1/41
2,750,000

2,794,550

Woodland Special Tax, 4.00%, 9/1/45
2,760,000

2,796,487



Yuba City Unified School District GO, Capital Appreciation, 0.00%, 3/1/25 (NATL)(1)
1,500,000

1,249,425

 
 
1,066,062,351

Guam — 0.8%
 
 
Guam Government Rev., 5.125%, 1/1/42
1,000,000

1,053,750

Guam Government Power Authority Rev., 5.00%, 10/1/34
850,000

898,926

Guam Government Waterworks Authority Rev., 5.00%, 7/1/40(4)
3,115,000

3,479,829

Guam Government Waterworks Authority Rev., 5.00%, 1/1/46
3,000,000

3,294,660

 
 
8,727,165

U.S. Virgin Islands — 0.3%
 
 
Virgin Islands Public Finance Authority Rev., 5.00%, 9/1/33(2)
2,500,000

2,690,750

TOTAL INVESTMENT SECURITIES — 100.0%
(Cost $1,028,758,230)
 
1,077,480,266

OTHER ASSETS AND LIABILITIES†  
 
114,936

TOTAL NET ASSETS — 100.0%
 
$
1,077,595,202

NOTES TO SCHEDULE OF INVESTMENTS
AGM
-
Assured Guaranty Municipal Corporation
BAM
-
Build America Mutual Assurance Company
COP
-
Certificates of Participation
GA
-
Guaranty Agreement
GO
-
General Obligation
LIBOR
-
London Interbank Offered Rate
LOC
-
Letter of Credit
MUNIPSA
-
SIFMA Municipal Swap Index
NATL
-
National Public Finance Guarantee Corporation
resets
-
The frequency with which a security’s coupon changes, based on current market conditions or an underlying index.
SBBPA
-
Standby Bond Purchase Agreement
VRDN
-
Variable Rate Demand Note. Interest reset date is indicated. Rate shown is effective at the period end.
VRN
-
Variable Rate Note. Interest reset date is indicated. Rate shown is effective at the period end.
XLCA
-
XL Capital Ltd.
†
Category is less than 0.05% of total net assets.
(1)
Security is a zero-coupon bond. Zero-coupon securities are issued at a substantial discount from their value at maturity.
(2)
Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $124,174,535, which represented 11.5% of total net assets.
(3)
Coupon rate adjusts periodically based upon a predetermined schedule. Interest reset date is indicated. Rate shown is effective at the period end.
(4)
When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.
(5)
Escrowed to maturity in U.S. government securities or state and local government securities.






SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS

1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The Board of Trustees has adopted valuation policies and procedures to guide the investment advisor in the fund’s investment valuation process and to provide methodologies for the oversight of the fund’s pricing function.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Municipal securities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.
 
Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate clearing corporation.

If the fund determines that the market price for an investment is not readily available or the valuation methods mentioned above do not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Trustees or its delegate, in accordance with policies and procedures adopted by the Board of Trustees. In its determination of fair value, the fund may review several factors including, but not limited to, market information regarding the specific investment or comparable investments and correlation with other investment types, futures indices or general market indicators. Circumstances that may cause the fund to use these procedures to value an investment include, but are not limited to: an investment has been declared in default or is distressed; trading in a security has been suspended during the trading day or a security is not actively trading on its principal exchange; prices received from a regular pricing source are deemed unreliable; or there is a foreign market holiday and no trading occurred.
 
The fund monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s net asset value per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region.
 
2. Fair Value Measurements

The fund’s investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments. There were no significant transfers between levels during the period.

As of period end, the fund’s investment securities were classified as Level 2. The Schedule of Investments provides additional information on the fund’s portfolio holdings.



This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.
 




American Century Investments® 
Quarterly Portfolio Holdings
California Intermediate-Term Tax-Free Bond Fund
November 30, 2017





amcentlogoa48.jpg



California Intermediate-Term Tax-Free Bond - Schedule of Investments
NOVEMBER 30, 2017 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
MUNICIPAL SECURITIES — 99.7%
 
 
California — 99.3%
 
 
91 Express Lanes Toll Road Rev., 5.00%, 8/15/24
1,000,000

1,171,920

91 Express Lanes Toll Road Rev., 5.00%, 8/15/25
1,000,000

1,170,150

ABAG Finance Authority for Nonprofit Corps. Rev., (Jackson Laboratory), 5.00%, 7/1/18
500,000

510,765

ABAG Finance Authority for Nonprofit Corps. Rev., (Sharp Healthcare Obligated Group), 6.00%, 8/1/30
3,500,000

4,038,265

ABAG Finance Authority for Nonprofit Corps. Rev., (Sharp Healthcare Obligated Group), 5.00%, 8/1/33
1,450,000

1,641,371

ABAG Finance Authority for Nonprofit Corps. Rev., (Sharp Healthcare Obligated Group), 6.25%, 8/1/39
1,200,000

1,298,088

ABAG Finance Authority for Nonprofit Corps. Rev., (Sharp Healthcare Obligated Group), 5.00%, 8/1/43
500,000

559,805

ABAG Finance Authority for Nonprofit Corps. Special Tax, 5.00%, 9/2/28 (AGM)
2,640,000

3,202,478

ABAG Finance Authority for Nonprofit Corps. Special Tax, 5.00%, 9/2/31 (AGM)
1,400,000

1,664,964

ABAG Finance Authority for Nonprofit Corps. Special Tax, 5.00%, 9/2/32 (AGM)
500,000

591,815

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/20
3,010,000

3,295,890

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/22
1,000,000

1,162,300

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/24
2,000,000

2,333,100

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/25
500,000

596,550

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/36
4,000,000

4,559,480

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/37
500,000

568,700

Alameda Corridor Transportation Authority Rev., Capital Appreciation, 0.00%, 10/1/32 (NATL)(1)
1,000,000

589,220

Alameda Corridor Transportation Authority Rev., Capital Appreciation, 0.00%, 10/1/35 (NATL)(1)
12,750,000

6,563,572

Alum Rock Union Elementary School District GO, 6.00%, 8/1/39
2,500,000

2,950,250

Anaheim Public Financing Authority Rev., 5.25%, 4/1/19, Prerefunded at 100% of Par(2)
2,500,000

2,623,150

Anaheim Public Financing Authority Rev., 5.00%, 10/1/23
1,200,000

1,383,276

Anaheim Public Financing Authority Rev., 5.00%, 10/1/24
2,275,000

2,615,613

Anaheim Public Financing Authority Rev., 5.00%, 5/1/25
1,000,000

1,181,560

Anaheim Public Financing Authority Rev., 5.00%, 5/1/28
1,100,000

1,291,037

Anaheim Public Financing Authority Rev., 5.00%, 5/1/29
1,250,000

1,463,812

Anaheim Public Financing Authority Rev., 5.00%, 5/1/34
1,360,000

1,574,975

Anaheim Public Financing Authority Rev., 5.375%, 10/1/36
1,000,000

1,109,040

Anaheim Public Financing Authority Rev., 5.00%, 5/1/39
1,550,000

1,775,137

Anaheim Public Financing Authority Rev., 5.00%, 5/1/46
4,200,000

4,749,024

Atwater Wastewater Rev., 5.00%, 5/1/23 (AGM)
510,000

589,749

Atwater Wastewater Rev., 5.00%, 5/1/25 (AGM)
745,000

887,995

Atwater Wastewater Rev., 5.00%, 5/1/27 (AGM)
415,000

505,769

Atwater Wastewater Rev., 5.00%, 5/1/29 (AGM)
700,000

841,337

Atwater Wastewater Rev., 5.00%, 5/1/32 (AGM)
895,000

1,058,472

Bay Area Toll Authority Rev., 5.00%, 4/1/23, Prerefunded at 100% of Par(2)
8,265,000

9,656,909

Bay Area Toll Authority Rev., 5.00%, 4/1/24
1,500,000

1,706,880

Bay Area Toll Authority Rev., 5.00%, 4/1/25
3,500,000

3,979,570

Bay Area Toll Authority Rev., 5.00%, 4/1/28
5,000,000

6,307,700

Bay Area Toll Authority Rev., 5.00%, 4/1/28
7,185,000

8,150,233

Bay Area Toll Authority Rev., 4.00%, 4/1/30
10,000,000

11,091,200

Bay Area Toll Authority Rev., VRDN, 2.00%, 4/1/21, resets off the remarketing agent
2,000,000

2,008,740

Bay Area Toll Authority Rev., 5.00%, 10/1/54
6,500,000

7,378,215

Bay Area Toll Authority Rev., VRDN, 1.66%, 12/7/17, resets weekly off the MUNIPSA plus 0.70%
1,550,000

1,557,424



Bay Area Toll Authority Rev., VRDN, 2.06%, 12/7/17, resets weekly off the MUNIPSA plus 1.10%
3,750,000

3,848,025

Bay Area Toll Authority Rev., VRDN, 2.21%, 12/7/17, resets weekly off the MUNIPSA plus 1.25%
4,000,000

4,118,800

Bay Area Toll Authority Rev., VRDN, 2.10%, 4/1/22, resets off the remarketing agent
12,565,000

12,633,982

Brea Redevelopment Agency Tax Allocation, Capital Appreciation, 0.00%, 8/1/23(3)
1,500,000

1,369,830

Brea Redevelopment Agency Tax Allocation, Capital Appreciation, 0.00%, 8/1/23(3)
1,785,000

1,622,619

California County Tobacco Securitization Agency Rev., (Los Angeles County Securitization Corp.), 5.45%, 6/1/28
4,000,000

4,068,720

California Educational Facilities Authority Rev., (Chapman University), 5.00%, 4/1/21
750,000

829,155

California Educational Facilities Authority Rev., (Chapman University), 5.00%, 4/1/24
930,000

1,094,359

California Educational Facilities Authority Rev., (Chapman University), 5.00%, 4/1/25
285,000

340,621

California Educational Facilities Authority Rev., (Chapman University), 5.00%, 4/1/31 (GA: Brandman University)
1,455,000

1,597,168

California Educational Facilities Authority Rev., (Chapman University), 4.00%, 4/1/47 (GA: Brandman University)
2,750,000

2,910,132

California Educational Facilities Authority Rev., (Claremont Mckenna College), 5.00%, 1/1/32
750,000

883,920

California Educational Facilities Authority Rev., (Harvey Mudd College), 5.25%, 12/1/41
2,000,000

2,243,280

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/25
800,000

946,000

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/27
300,000

362,028

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/28
800,000

958,056

California Educational Facilities Authority Rev., (Loma Linda University), 5.00%, 4/1/47
1,750,000

1,988,560

California Educational Facilities Authority Rev., (Loyola Marymount University), 5.00%, 10/1/30
1,365,000

1,437,987

California Educational Facilities Authority Rev., (Pomona College), 5.00%, 1/1/24
2,100,000

2,180,829

California Educational Facilities Authority Rev., (Santa Clara University), 5.00%, 4/1/18(2)
500,000

506,000

California Educational Facilities Authority Rev., (Santa Clara University), 5.00%, 4/1/18, Prerefunded at 100% of Par(2)
655,000

662,860

California Educational Facilities Authority Rev., (Santa Clara University), 5.25%, 4/1/18, Prerefunded at 100% of Par(2)
1,875,000

1,899,019

California Educational Facilities Authority Rev., (Santa Clara University), 5.625%, 4/1/18, Prerefunded at 100% of Par(2)
4,675,000

4,740,543

California Educational Facilities Authority Rev., (Santa Clara University), 5.625%, 4/1/18, Prerefunded at 100% of Par(2)
325,000

329,664

California Educational Facilities Authority Rev., (University of Redlands), 5.00%, 10/1/27
275,000

330,033

California Educational Facilities Authority Rev., (University of Redlands), 5.00%, 10/1/28
250,000

297,738

California Educational Facilities Authority Rev., (University of Redlands), 3.00%, 10/1/29
360,000

365,306

California Educational Facilities Authority Rev., (University of Redlands), 3.00%, 10/1/30
365,000

367,135

California Educational Facilities Authority Rev., (University of Redlands), 3.125%, 10/1/31
295,000

299,216

California Educational Facilities Authority Rev., (University of Redlands), 5.00%, 10/1/32
600,000

702,738

California Educational Facilities Authority Rev., (University of Redlands), 3.25%, 10/1/33
355,000

359,391

California Educational Facilities Authority Rev., (University of San Francisco), 5.00%, 10/1/21
750,000

840,375

California Educational Facilities Authority Rev., (University of Southern California), 5.00%, 10/1/18, Prerefunded at 100% of Par(2)
2,950,000

3,040,948

California Educational Facilities Authority Rev., (University of Southern California), 5.00%, 10/1/25
1,875,000

2,292,675

California Educational Facilities Authority Rev., (University of the Pacific), 5.00%, 11/1/33
1,500,000

1,707,510

California Health Facilities Financing Authority Rev., (Adventist Health System/West Obligated Group), 4.00%, 3/1/25
1,000,000

1,117,060

California Health Facilities Financing Authority Rev., (Adventist Health System/West Obligated Group), 4.00%, 3/1/39
2,415,000

2,532,466

California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center), 5.00%, 8/15/18
1,000,000

1,026,430

California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center), 5.00%, 11/15/22
3,000,000

3,463,980

California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center), 5.00%, 11/15/23
2,150,000

2,533,624

California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center), 5.00%, 11/15/24
1,450,000

1,737,390

California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center), 5.00%, 11/15/26
3,000,000

3,663,180

California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center), 5.00%, 11/15/27
6,000,000

7,316,460

California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center), 5.00%, 11/15/31
2,700,000

3,237,543

California Health Facilities Financing Authority Rev., (Cedars-Sinai Medical Center), 5.00%, 11/15/32
400,000

477,708

California Health Facilities Financing Authority Rev., (Children's Hospital Los Angeles), 5.00%, 8/15/37
1,000,000

1,148,100

California Health Facilities Financing Authority Rev., (Children's Hospital of Orange County), 6.25%, 11/1/29 (GA: Childern's Healthcare of California)
5,000,000

5,478,900

California Health Facilities Financing Authority Rev., (Dignity Health Obligated Group), 5.00%, 7/1/18(2)
3,000,000

3,064,920



California Health Facilities Financing Authority Rev., (Dignity Health Obligated Group), 6.00%, 7/1/19, Prerefunded at 100% of Par(2)
3,400,000

3,637,762

California Health Facilities Financing Authority Rev., (El Camino Hospital), 5.00%, 2/1/22
500,000

561,445

California Health Facilities Financing Authority Rev., (El Camino Hospital), 5.00%, 2/1/24
1,200,000

1,401,144

California Health Facilities Financing Authority Rev., (El Camino Hospital), 5.00%, 2/1/25
500,000

593,070

California Health Facilities Financing Authority Rev., (El Camino Hospital), 5.00%, 2/1/42
1,000,000

1,147,200

California Health Facilities Financing Authority Rev., (Kaiser Credit Group), 5.00%, 11/1/27
5,000,000

6,230,100

California Health Facilities Financing Authority Rev., (Kaiser Credit Group), 4.00%, 11/1/44
2,000,000

2,102,420

California Health Facilities Financing Authority Rev., (Lucile Salter Packard Children's Hospital at Stanford Obligated Group), 5.00%, 8/15/25
5,855,000

6,640,038

California Health Facilities Financing Authority Rev., (Lucile Salter Packard Children's Hospital at Stanford Obligated Group), 5.00%, 8/15/43
1,000,000

1,120,050

California Health Facilities Financing Authority Rev., (Northern California Retired Officers Community), 5.70%, 12/1/18, Prerefunded at 100% of Par (Ambac California Mortgage Insurance)(2)
1,455,000

1,519,646

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), 6.25%, 10/1/18, Prerefunded at 100% of Par(2)
3,250,000

3,384,810

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), 6.50%, 10/1/18, Prerefunded at 100% of Par(2)
1,000,000

1,043,530

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), 6.50%, 10/1/18, Prerefunded at 100% of Par(2)
2,085,000

2,175,760

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), 5.50%, 7/1/29
1,500,000

1,599,690

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), 5.00%, 7/1/37
1,070,000

1,210,759

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), 5.75%, 7/1/39
2,000,000

2,138,760

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), 5.50%, 10/1/39
1,000,000

1,073,790

California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), VRDN, 5.00%, 10/18/22, resets off the remarketing agent
2,200,000

2,496,142

California Health Facilities Financing Authority Rev., (Stanford Health Care Obligated Group), 5.00%, 11/15/25
2,000,000

2,209,600

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 8/15/18
1,305,000

1,338,656

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 8/15/22
1,650,000

1,849,947

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.25%, 8/15/22
3,335,000

3,427,246

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/28
465,000

557,577

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/29
2,000,000

2,385,340

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/30
1,750,000

2,078,790

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/31
1,500,000

1,775,865

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/32
2,000,000

2,410,520

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 6.00%, 8/15/42
2,500,000

2,805,425

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 8/15/52
5,150,000

5,795,913

California Infrastructure & Economic Development Bank Rev., (Academy of Motion Picture Arts and Sciences Obligated Group), 5.00%, 11/1/27
1,010,000

1,178,650

California Infrastructure & Economic Development Bank Rev., (Academy of Motion Picture Arts and Sciences Obligated Group), 5.00%, 11/1/28
1,205,000

1,404,018

California Infrastructure & Economic Development Bank Rev., (Academy of Motion Picture Arts and Sciences Obligated Group), 5.00%, 11/1/29
1,000,000

1,162,740

California Infrastructure & Economic Development Bank Rev., (Academy of Motion Picture Arts and Sciences Obligated Group), 5.00%, 11/1/30
1,370,000

1,588,830

California Infrastructure & Economic Development Bank Rev., (California Science Center Foundation), 5.00%, 5/1/28
800,000

958,112

California Infrastructure & Economic Development Bank Rev., (California Science Center Foundation), 5.00%, 5/1/29
1,250,000

1,486,062

California Infrastructure & Economic Development Bank Rev., (California Science Center Foundation), 5.00%, 5/1/30
1,000,000

1,182,750

California Infrastructure & Economic Development Bank Rev., (California Science Center Foundation), 5.00%, 5/1/31
800,000

944,112

California Infrastructure & Economic Development Bank Rev., (Colburn School), VRDN, 1.97%, 12/7/17, resets weekly off the MUNIPSA plus 1.00%
5,310,000

5,331,983

California Infrastructure & Economic Development Bank Rev., (J. Paul Getty Trust), VRDN, 1.33%, 12/1/17, resets monthly off 70% of the 3-month LIBOR plus 0.37%
3,000,000

3,007,410

California Infrastructure & Economic Development Bank Rev., (J. Paul Getty Trust), VRDN, 1.24%, 12/7/17, resets weekly off the MUNIPSA plus 0.28%
2,750,000

2,750,687



California Infrastructure & Economic Development Bank Rev., (J. Paul Getty Trust), VRDN, 1.25%, 12/7/17, resets weekly off the MUNIPSA plus 0.28%
5,000,000

5,002,100

California Infrastructure & Economic Development Bank Rev., (Museum Associates), VRDN, 2.68%, 12/7/17, resets weekly off 70% of the 1-month LIBOR plus 1.75%
4,000,000

4,006,000

California Infrastructure & Economic Development Bank Rev., (Pacific Gas & Electric Co.), VRDN, 0.88%, 12/1/17, resets daily off the remarketing agent (LOC: Union Bank N.A.)
3,100,000

3,100,000

California Infrastructure & Economic Development Bank Rev., (Scripps Research Institute), 4.00%, 7/1/29
1,480,000

1,622,805

California Infrastructure & Economic Development Bank Rev., (Segerstrom Center for the Arts), 5.00%, 7/1/26
8,000,000

9,686,000

California Infrastructure & Economic Development Bank Rev., (Walt Disney Family Museum LLC), 5.00%, 2/1/24 (GA: Walt & Lilly Disney Foundation)
215,000

253,010

California Infrastructure & Economic Development Bank Rev., (Walt Disney Family Museum LLC), 5.00%, 2/1/26 (GA: Walt & Lilly Disney Foundation)
750,000

907,275

California Infrastructure & Economic Development Bank Rev., (Walt Disney Family Museum LLC), 5.00%, 2/1/27 (GA: Walt & Lilly Disney Foundation)
1,000,000

1,198,120

California Infrastructure & Economic Development Bank Rev., (Walt Disney Family Museum LLC), 5.00%, 2/1/29 (GA: Walt & Lilly Disney Foundation)
700,000

825,580

California Infrastructure & Economic Development Bank Rev., (Walt Disney Family Museum LLC), 5.00%, 2/1/31 (GA: Walt & Lilly Disney Foundation)
570,000

664,945

California Infrastructure & Economic Development Bank Rev., (Walt Disney Family Museum LLC), 4.00%, 2/1/33 (GA: Walt & Lilly Disney Foundation)
615,000

655,977

California Infrastructure & Economic Development Bank Rev., (Walt Disney Family Museum LLC), 4.00%, 2/1/34 (GA: Walt & Lilly Disney Foundation)
500,000

531,090

California Infrastructure & Economic Development Bank Rev., (Walt Disney Family Museum LLC), 4.00%, 2/1/35 (GA: Walt & Lilly Disney Foundation)
500,000

530,350

California Municipal Finance Authority Rev., (Azusa Pacific University), 8.00%, 4/1/21, Prerefunded at 100% of Par(2)
665,000

801,777

California Municipal Finance Authority Rev., (Azusa Pacific University), 5.00%, 4/1/27
1,165,000

1,350,352

California Municipal Finance Authority Rev., (Azusa Pacific University), 5.00%, 4/1/41
500,000

543,020

California Municipal Finance Authority Rev., (Biola University, Inc.), 5.00%, 10/1/18
250,000

256,783

California Municipal Finance Authority Rev., (Biola University, Inc.), 5.00%, 10/1/23
815,000

946,354

California Municipal Finance Authority Rev., (Biola University, Inc.), 5.00%, 10/1/27
500,000

608,765

California Municipal Finance Authority Rev., (Biola University, Inc.), 5.00%, 10/1/28
1,040,000

1,263,194

California Municipal Finance Authority Rev., (Biola University, Inc.), 5.00%, 10/1/39
750,000

874,013

California Municipal Finance Authority Rev., (California Baptist University), 5.00%, 11/1/36(4)
1,000,000

1,093,880

California Municipal Finance Authority Rev., (Channing House), 5.00%, 5/15/35 (California Mortgage Insurance)
1,000,000

1,176,050

California Municipal Finance Authority Rev., (Chevron Corp.), VRDN, 0.83%, 12/1/17, resets daily off the remarketing agent (GA: Chevron Corp.)
700,000

700,000

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/22
1,000,000

1,113,180

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/23
520,000

589,534

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/25
1,925,000

2,252,327

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/27
545,000

631,459

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/28
1,075,000

1,266,748

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/28
735,000

846,404

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/29
1,000,000

1,170,440

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/29
1,000,000

1,145,960

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/30
1,000,000

1,161,690

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/33
3,940,000

4,505,705

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/40
1,420,000

1,577,478



California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/46
5,000,000

5,564,750

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/47
1,000,000

1,121,780

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/19(2)
605,000

637,440

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.25%, 7/1/20, Prerefunded at 100% of Par(2)
1,760,000

1,919,526

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/24
2,045,000

2,378,744

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/26
1,600,000

1,901,536

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/29
1,100,000

1,289,893

California Municipal Finance Authority Rev., (Emerson College), 5.75%, 1/1/22, Prerefunded at 100% of Par(2)
2,250,000

2,614,005

California Municipal Finance Authority Rev., (Emerson College), 6.00%, 1/1/22, Prerefunded at 100% of Par(2)
3,000,000

3,514,800

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/27
600,000

714,660

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/29
900,000

1,071,009

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/31
1,000,000

1,184,230

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/33
400,000

469,488

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/34
1,000,000

1,168,980

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/35
565,000

655,151

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/36
720,000

832,003

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/37
1,000,000

1,153,020

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 3.00%, 11/1/20
1,000,000

1,019,850

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 3.00%, 11/1/21
1,680,000

1,717,363

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 4.00%, 11/1/22
1,000,000

1,068,390

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.25%, 11/1/36
3,000,000

3,406,110

California Municipal Finance Authority Rev., (Touro College and University System Obligated Group), 5.25%, 1/1/34
300,000

338,334

California Municipal Finance Authority Rev., (Touro College and University System Obligated Group), 5.25%, 1/1/40
1,000,000

1,095,200

California Municipal Finance Authority Rev., (University of La Verne), 6.25%, 6/1/20, Prerefunded at 100% of Par(2)
1,000,000

1,116,260

California Municipal Finance Authority Rev., (University of La Verne), 5.00%, 6/1/25
700,000

832,566

California Municipal Finance Authority Rev., (University of La Verne), 5.00%, 6/1/26
1,000,000

1,195,270

California Municipal Finance Authority Rev., (University of La Verne), 5.00%, 6/1/28
1,000,000

1,196,070

California Municipal Finance Authority Rev., (University of La Verne), 5.00%, 6/1/43
1,750,000

2,018,485

California Pollution Control Financing Authority Rev., (Poseidon Resources Channelside LP), 5.00%, 11/21/45(4)
985,000

989,935

California Public Finance Authority Rev., (Henry Mayo Newhall Memorial Hospital), 5.00%, 10/15/33
500,000

562,800

California Public Finance Authority Rev., (Henry Mayo Newhall Memorial Hospital), 5.00%, 10/15/37
1,000,000

1,112,620

California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 3.00%, 7/1/19(4)
1,025,000

1,046,740

California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 3.00%, 7/1/20(4)
1,115,000

1,144,536

California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 5.00%, 7/1/46
7,000,000

7,644,490

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/46(4)
1,250,000

1,360,063

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/26(4)
500,000

541,245

California School Finance Authority Rev., (Rocketship Education Obligated Group), 4.50%, 6/1/27(4)
380,000

396,625

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/34(4)
670,000

712,311

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.125%, 6/1/47(4)
635,000

663,975

California State Public Works Board Rev., 6.00%, 4/1/19, Prerefunded at 100% of Par(2)
2,130,000

2,255,819

California State Public Works Board Rev., 6.25%, 4/1/19, Prerefunded at 100% of Par(2)
2,435,000

2,586,774

California State Public Works Board Rev., 5.75%, 10/1/19, Prerefunded at 100% of Par(2)
2,000,000

2,152,400

California State Public Works Board Rev., 6.375%, 11/1/19, Prerefunded at 100% of Par(2)
2,500,000

2,728,400

California State Public Works Board Rev., 5.00%, 4/1/21
3,000,000

3,313,530

California State Public Works Board Rev., 5.00%, 9/1/22, Prerefunded at 100% of Par(2)
1,000,000

1,149,700

California State Public Works Board Rev., 5.00%, 4/1/23
2,000,000

2,271,360

California State Public Works Board Rev., 5.00%, 9/1/23, Prerefunded at 100% of Par(2)
1,865,000

2,191,338

California State Public Works Board Rev., 5.00%, 11/1/23
1,500,000

1,752,300



California State Public Works Board Rev., 5.00%, 4/1/25
1,800,000

2,039,400

California State Public Works Board Rev., 5.00%, 9/1/25
5,000,000

5,913,800

California State Public Works Board Rev., 5.25%, 12/1/26
3,000,000

3,399,390

California State Public Works Board Rev., 5.00%, 5/1/27
5,000,000

5,925,850

California State Public Works Board Rev., 5.75%, 11/1/29
1,685,000

1,814,223

California State Public Works Board Rev., 5.00%, 4/1/37
6,715,000

7,445,458

California State Public Works Board Rev., 5.00%, 11/1/38
3,900,000

4,425,486

California State University Rev., 5.00%, 11/1/18
1,800,000

1,861,758

California State University Rev., 5.00%, 11/1/19
1,000,000

1,065,590

California State University Rev., 5.00%, 11/1/20
1,250,000

1,374,037

California State University Rev., 5.00%, 11/1/21
1,000,000

1,129,110

California State University Rev., 5.00%, 11/1/24
5,000,000

5,621,300

California State University Rev., 5.00%, 11/1/28
2,000,000

2,463,980

California State University Rev., 5.00%, 11/1/29
1,000,000

1,224,390

California State University Rev., 5.00%, 11/1/30
3,000,000

3,658,980

California State University Rev., 5.00%, 11/1/31
2,900,000

3,517,961

California State University Rev., 5.00%, 11/1/32
1,750,000

2,051,402

California State University Rev., VRDN, 4.00%, 11/1/23, resets off the remarketing agent
4,000,000

4,431,920

California Statewide Communities Development Authority Rev., 5.20%, 1/2/18, Prerefunded at 100% of Par (AGM)(2)
155,000

155,465

California Statewide Communities Development Authority Rev., (Adventist Health System/West Obligated Group), 5.00%, 3/1/23
1,190,000

1,364,942

California Statewide Communities Development Authority Rev., (Adventist Health System/West Obligated Group), 5.00%, 3/1/24
800,000

935,256

California Statewide Communities Development Authority Rev., (Adventist Health System/West Obligated Group), 5.00%, 3/1/25
750,000

890,505

California Statewide Communities Development Authority Rev., (Adventist Health System/West Obligated Group), 5.00%, 3/1/26
1,000,000

1,203,210

California Statewide Communities Development Authority Rev., (Adventist Health System/West Obligated Group), 5.00%, 3/1/27
1,590,000

1,900,988

California Statewide Communities Development Authority Rev., (Adventist Health System/West Obligated Group), 5.00%, 3/1/35
715,000

817,174

California Statewide Communities Development Authority Rev., (American Baptist Homes of the West Obligated Group), 5.00%, 10/1/45
600,000

658,530

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/21
1,225,000

1,368,950

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/22
2,000,000

2,296,320

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/23
1,000,000

1,169,850

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/24
1,000,000

1,179,280

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/25
1,925,000

2,299,201

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/28
2,050,000

2,441,488

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/29
1,250,000

1,480,350

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/30
1,940,000

2,286,212

California Statewide Communities Development Authority Rev., (CHF-Irvine LLC), 5.00%, 5/15/40
1,200,000

1,371,156

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/22
475,000

536,646

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/23
600,000

690,636

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/24
750,000

878,408

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/25
800,000

937,248

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/26
885,000

1,035,928

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/27
1,880,000

2,194,975



California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/34
500,000

568,655

California Statewide Communities Development Authority Rev., (Cottage Health System Obligated Group), 5.00%, 11/1/18
515,000

531,763

California Statewide Communities Development Authority Rev., (Cottage Health System Obligated Group), 5.25%, 11/1/30
1,000,000

1,086,970

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 5.00%, 4/1/24
210,000

244,266

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 5.00%, 4/1/25
275,000

324,376

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 5.00%, 4/1/26
320,000

380,838

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 5.00%, 4/1/27
240,000

288,518

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 5.00%, 4/1/28
240,000

285,665

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 5.00%, 4/1/29
170,000

201,113

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 5.00%, 4/1/30
145,000

169,847

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 5.00%, 4/1/31
125,000

145,641

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 4.00%, 4/1/32
185,000

196,690

California Statewide Communities Development Authority Rev., (Front Porch Communities & Services), 4.00%, 4/1/42
1,250,000

1,293,275

California Statewide Communities Development Authority Rev., (Hebrew Home for Aged Disabled), 3.50%, 11/1/21 (California Mortgage Insurance)
3,000,000

3,104,370

California Statewide Communities Development Authority Rev., (John Muir Health), 5.00%, 7/1/20
2,225,000

2,347,197

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), 5.00%, 4/1/42
8,400,000

9,453,276

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 0.94%, 12/6/17, resets weekly off the remarketing agent
10,900,000

10,900,000

California Statewide Communities Development Authority Rev., (Lancer Educational Housing LLC), 4.00%, 6/1/21(4)
6,585,000

6,771,026

California Statewide Communities Development Authority Rev., (Lancer Educational Housing LLC), 4.00%, 6/1/26(4)
3,000,000

3,106,950

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/26(4)
5,000,000

5,708,500

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/36(4)
3,500,000

3,834,215

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.25%, 12/1/44
1,085,000

1,188,466

California Statewide Communities Development Authority Rev., (Los Angeles Jewish Home for the Aging Obligated Group), 3.00%, 8/1/21 (California Mortgage Insurance) (GA: Jewish Home Foundation)
650,000

650,767

California Statewide Communities Development Authority Rev., (Rady Children's Hospital Obligated Group), 5.00%, 8/15/28
860,000

1,067,905

California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 5.00%, 10/1/21
300,000

328,563

California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 5.00%, 10/1/22
225,000

250,844

California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 5.00%, 10/1/23
400,000

452,724

California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 5.00%, 10/1/28
1,000,000

1,160,750

California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 5.00%, 10/1/29
600,000

692,412

California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 5.00%, 10/1/31
870,000

993,131

California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 5.00%, 10/1/46
1,500,000

1,672,245

California Statewide Communities Development Authority Rev., (Southern California Edison Co.), VRDN, 1.375%, 4/2/18, resets off the remarketing agent
1,775,000

1,775,479

California Statewide Communities Development Authority Rev., (St. Joseph Health System), 5.125%, 7/1/18, Prerefunded at 100% of Par (NATL)(2)
2,000,000

2,045,300

California Statewide Communities Development Authority Rev., (Trinity Health Corp. Obligated Group), 5.00%, 12/1/41
2,070,000

2,313,018

California Statewide Communities Development Authority Special Tax, 5.00%, 9/1/27
875,000

991,288

California Statewide Communities Development Authority Special Tax, 5.00%, 9/1/37
2,225,000

2,453,908

Carson Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/19 (AGM)
800,000

848,264

Carson Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/20 (AGM)
785,000

858,186

Cathedral City Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/28 (AGM)
1,190,000

1,372,189

Chabot-Las Positas Community College District GO, 4.00%, 8/1/19
13,500,000

14,055,120

Chaffey Joint Union High School District GO, 5.00%, 8/1/30
3,125,000

3,616,875

Chaffey Joint Union High School District GO, 5.00%, 8/1/32
1,220,000

1,405,684



Chula Vista Elementary School District COP, 5.00%, 9/1/25 (AGM)
1,290,000

1,561,093

City & County of San Francisco COP, 5.00%, 10/1/19
2,930,000

3,114,971

City & County of San Francisco COP, 5.00%, 4/1/29
2,340,000

2,444,153

City & County of San Francisco GO, 5.00%, 6/15/25
1,880,000

2,195,332

Clovis Sewer Rev., 5.00%, 8/1/36 (BAM)
2,000,000

2,346,000

Clovis Sewer Rev., 5.00%, 8/1/37 (BAM)
1,150,000

1,347,892

Clovis Sewer Rev., 5.00%, 8/1/38 (BAM)
1,020,000

1,193,645

Clovis Unified School District GO, Capital Appreciation, 0.00%, 8/1/24 (NATL)(1)
5,935,000

5,096,741

Contra Costa Transportation Authority Rev., 5.00%, 3/1/29
1,000,000

1,227,340

Contra Costa Transportation Authority Rev., 5.00%, 3/1/30
1,250,000

1,526,012

Contra Costa Transportation Authority Rev., 5.00%, 3/1/31
1,000,000

1,213,390

Del Mar Race Track Authority Rev., 4.00%, 10/1/19
1,275,000

1,329,328

Del Mar Race Track Authority Rev., 4.00%, 10/1/20
1,330,000

1,411,343

Del Mar Race Track Authority Rev., 5.00%, 10/1/35
660,000

724,792

East Bay Municipal Utility District Water System Rev., 5.00%, 6/1/29
5,000,000

6,193,350

East Side Union High School District GO, 5.00%, 8/1/25
1,405,000

1,595,574

Eastern Municipal Water District COP, 5.00%, 7/1/18, Prerefunded at 100% of Par(2)
1,000,000

1,021,350

Fontana Special Tax, 4.00%, 9/1/18
740,000

753,246

Fontana Special Tax, 4.00%, 9/1/19
390,000

403,276

Fontana Special Tax, 5.00%, 9/1/20
545,000

587,178

Fontana Special Tax, 5.00%, 9/1/22
520,000

581,225

Fontana Special Tax, 5.00%, 9/1/24
575,000

660,963

Fontana Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/31(5)
2,345,000

2,845,751

Fontana Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/32(5)
1,195,000

1,444,396

Foothill-Eastern Transportation Corridor Agency Rev., 6.25%, 1/15/33
3,000,000

3,602,040

Foothill-Eastern Transportation Corridor Agency Rev., 6.50%, 1/15/43
500,000

603,275

Foothill-Eastern Transportation Corridor Agency Rev., 5.75%, 1/15/46
1,000,000

1,170,800

Foothill-Eastern Transportation Corridor Agency Rev., 6.00%, 1/15/49
6,250,000

7,436,062

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/24(3)
2,300,000

2,029,842

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/33(1)
750,000

400,755

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/42(1)
6,070,000

2,070,720

Foothill-Eastern Transportation Corridor Agency Rev., VRDN, 5.00%, 1/15/20, resets off the remarketing agent
5,000,000

5,263,100

Foothill-Eastern Transportation Corridor Agency Rev., VRDN, 5.50%, 1/15/23, resets off the remarketing agent
3,750,000

4,268,812

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/24 (AGM)
1,350,000

1,589,463

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/26 (AGM)
1,650,000

1,984,339

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/28 (AGM)
1,400,000

1,689,464

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/29 (AGM)
1,000,000

1,192,090

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/30 (AGM)
1,350,000

1,598,292

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/36 (AGM)
820,000

954,685

Garden Grove Agency Community Development Successor Agency Tax Allocation, 5.00%, 10/1/22 (BAM)
500,000

571,625

Garden Grove Agency Community Development Successor Agency Tax Allocation, 5.00%, 10/1/23 (BAM)
500,000

582,675

Golden State Tobacco Securitization Corp. Rev., 4.00%, 6/1/18
2,885,000

2,924,063

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/19
1,000,000

1,049,770

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/19
1,000,000

1,056,320

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/20
1,000,000

1,078,650

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/20
1,000,000

1,090,680

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/21
1,000,000

1,122,260

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/22
2,070,000

2,335,498

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/23
3,000,000

3,444,000



Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/24
1,000,000

1,166,550

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/25
10,000,000

11,803,100

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/26
1,000,000

1,184,320

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/28
10,000,000

11,767,900

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/29
6,650,000

7,656,544

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/29
4,000,000

4,674,520

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/30
1,000,000

1,150,240

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/33
1,960,000

1,959,961

Golden State Tobacco Securitization Corp. Rev., 5.125%, 6/1/47
3,840,000

3,840,000

Golden State Tobacco Securitization Corp. Rev., 5.75%, 6/1/47
940,000

947,050

Golden State Tobacco Securitization Corp. Rev., Capital Appreciation, 0.00%, 6/1/25(1)
3,000,000

2,492,340

Grossmont-Cuyamaca Community College District GO, 5.25%, 8/1/27
750,000

886,373

Hayward Area Recreation and Park District COP, 5.125%, 1/1/24, Prerefunded at 100% of Par(2)
2,750,000

3,284,407

Hemet Unified School District COP, 4.00%, 10/1/30 (AGM)
1,260,000

1,369,242

Hemet Unified School District COP, 4.00%, 10/1/31 (AGM)
1,435,000

1,555,913

Hemet Unified School District COP, 4.00%, 10/1/32 (AGM)
1,365,000

1,473,395

Hemet Unified School District COP, 4.00%, 10/1/33 (AGM)
2,810,000

3,019,598

Huntington Beach Union High School District GO, 5.00%, 8/1/26
3,030,000

3,540,434

Inglewood Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 5/1/22 (BAM)
350,000

396,939

Inglewood Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 5/1/23 (BAM)
1,000,000

1,156,370

Inglewood Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 5/1/25 (BAM)
1,500,000

1,789,035

Inglewood Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 5/1/38 (BAM)
500,000

577,440

Inland Valley Development Agency Tax Allocation, 5.25%, 9/1/37
1,665,000

1,882,782

Inland Valley Development Agency Tax Allocation, 5.00%, 9/1/44
1,765,000

1,935,005

Irvine Rev., VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: State Street Bank & Trust Co.)
2,550,000

2,550,000

Irvine Special Assessment, 4.00%, 9/2/18
1,250,000

1,274,525

Irvine Special Assessment, 4.00%, 9/2/19
2,000,000

2,079,040

Irvine Special Assessment, 4.00%, 9/2/19
1,375,000

1,427,649

Irvine Special Assessment, 5.00%, 9/2/26
1,500,000

1,816,455

Irvine Special Assessment, VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: U.S. Bank N.A.)
8,400,000

8,400,000

Irvine Special Assessment, VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: State Street Bank & Trust Co.)
6,638,000

6,638,000

Irvine Special Assessment, VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: State Street Bank & Trust Co.)
8,000,000

8,000,000

Irvine Special Assessment, VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: U.S. Bank N.A.)
2,300,000

2,300,000

Irvine Special Assessment, VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: State Street Bank & Trust Co.)
6,000,000

6,000,000

Irvine Special Tax, 4.00%, 9/1/26
385,000

418,534

Irvine Special Tax, 4.00%, 9/1/28
1,275,000

1,372,359

Irvine Special Tax, 4.00%, 9/1/30
525,000

559,676

Irvine Special Tax, 5.00%, 9/1/39
1,000,000

1,088,710

Irvine Special Tax, 5.00%, 9/1/49
1,000,000

1,070,720

Irvine Unified School District Special Tax, 5.00%, 9/1/18, Prerefunded at 100% of Par(2)
450,000

462,308

Irvine Unified School District Special Tax, 5.00%, 9/1/21
1,500,000

1,664,835

Irvine Unified School District Special Tax, 5.00%, 9/1/23
1,135,000

1,304,841

Irvine Unified School District Special Tax, 5.00%, 9/1/25
1,330,000

1,564,718

Irvine Unified School District Special Tax, 5.00%, 9/1/26
640,000

757,722

Irvine Unified School District Special Tax, 4.00%, 9/1/36 (AGM)
1,500,000

1,589,640

Jurupa Public Financing Authority Special Tax, 5.00%, 9/1/23
625,000

728,050

Jurupa Public Financing Authority Special Tax, 5.00%, 9/1/24
680,000

805,684

Jurupa Public Financing Authority Special Tax, 5.00%, 9/1/25
1,000,000

1,177,940



La Quinta Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/19
1,150,000

1,218,506

La Quinta Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/20
1,045,000

1,142,561

La Quinta Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/31
4,265,000

4,936,908

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/20
640,000

687,213

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/21
315,000

345,772

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/22
225,000

251,651

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/29
635,000

680,155

Lancaster Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/24 (AGM)
435,000

516,262

Lancaster Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/25 (AGM)
600,000

721,074

Long Beach Bond Finance Authority Rev., 5.00%, 11/15/35 (GA: Merrill Lynch & Co.)
1,545,000

1,851,883

Long Beach Bond Finance Authority Rev., 5.50%, 11/15/37 (GA: Merrill Lynch & Co.)
695,000

886,375

Long Beach Harbor Rev., 5.00%, 11/15/18
5,000,000

5,175,500

Long Beach Marina System Rev., 5.00%, 5/15/23
650,000

750,887

Long Beach Marina System Rev., 5.00%, 5/15/24
1,380,000

1,621,031

Long Beach Marina System Rev., 5.00%, 5/15/25
500,000

591,910

Long Beach Marina System Rev., 5.00%, 5/15/27
800,000

929,808

Long Beach Marina System Rev., 5.00%, 5/15/28
600,000

690,780

Long Beach Marina System Rev., 5.00%, 5/15/40
3,750,000

4,157,362

Los Alamitos Unified School District COP, Capital Appreciation, 0.00%, 8/1/24(3)
3,200,000

2,884,512

Los Angeles Community College District GO, 5.00%, 6/1/26
2,115,000

2,608,260

Los Angeles County COP, 5.00%, 3/1/21
1,195,000

1,318,432

Los Angeles County COP, 5.00%, 3/1/22
1,000,000

1,129,650

Los Angeles County Metropolitan Transportation Authority Rev., 5.00%, 7/1/20
3,000,000

3,268,200

Los Angeles County Metropolitan Transportation Authority Rev., 5.00%, 7/1/21
2,470,000

2,767,042

Los Angeles County Metropolitan Transportation Authority Rev., 5.00%, 7/1/31
1,000,000

1,020,830

Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy Tax Allocation, Capital Appreciation, 0.00%, 12/1/19 (AGM)(1)
1,500,000

1,440,285

Los Angeles County Sanitation Districts Financing Authority Rev., 5.00%, 10/1/23
2,855,000

3,342,491

Los Angeles County Sanitation Districts Financing Authority Rev., 5.00%, 10/1/26
2,700,000

3,247,101

Los Angeles Department of Airports Rev., 5.00%, 5/15/18
750,000

762,908

Los Angeles Department of Airports Rev., 5.25%, 5/15/18, Prerefunded at 100% of Par(2)
2,120,000

2,158,732

Los Angeles Department of Airports Rev., 5.00%, 5/15/24
3,040,000

3,291,651

Los Angeles Department of Airports Rev., 5.00%, 5/15/26
1,500,000

1,806,450

Los Angeles Department of Airports Rev., 5.00%, 5/15/27
1,280,000

1,532,710

Los Angeles Department of Airports Rev., 5.00%, 5/15/33
1,350,000

1,617,327

Los Angeles Department of Airports Rev., 5.00%, 5/15/34
1,250,000

1,491,750

Los Angeles Department of Airports Rev., 5.00%, 5/15/35
1,500,000

1,783,215

Los Angeles Department of Airports Rev., 5.00%, 5/15/40
3,000,000

3,221,310

Los Angeles Department of Airports Rev., 5.00%, 5/15/40
2,000,000

2,149,040

Los Angeles Department of Water Rev., 5.00%, 7/1/24
1,500,000

1,718,400

Los Angeles Department of Water & Power Power System Rev., 5.00%, 7/1/18
780,000

797,066

Los Angeles Department of Water & Power Power System Rev., 5.00%, 7/1/26
1,000,000

1,142,750

Los Angeles Department of Water & Power Power System Rev., 5.00%, 7/1/26
1,300,000

1,532,622

Los Angeles Department of Water & Power Power System Rev., 5.00%, 7/1/27
6,470,000

7,555,989

Los Angeles Department of Water & Power Power System Rev., 5.25%, 7/1/32
3,535,000

3,618,815

Los Angeles Department of Water & Power Power System Rev., VRDN, 0.85%, 12/1/17, resets daily off the remarketing agent (SBBPA: Bank of America N.A.)
2,600,000

2,600,000

Los Angeles Unified School District COP, 5.00%, 10/1/29
1,700,000

1,933,410

Los Angeles Unified School District GO, 5.00%, 7/1/18
3,845,000

3,929,552

Los Angeles Unified School District GO, 5.00%, 7/1/18
6,665,000

6,811,563



Los Angeles Unified School District GO, 5.00%, 7/1/21
3,000,000

3,355,230

Los Angeles Unified School District GO, 5.00%, 7/1/21
1,120,000

1,252,619

Los Angeles Unified School District GO, 5.00%, 7/1/24
5,000,000

5,974,200

Los Angeles Unified School District GO, 5.00%, 7/1/24
5,140,000

5,723,955

Los Angeles Unified School District GO, 5.00%, 7/1/26
5,000,000

6,163,250

Los Angeles Unified School District GO, 5.00%, 7/1/26
3,555,000

4,225,828

Los Angeles Unified School District GO, 5.25%, 7/1/26
4,000,000

4,365,760

Los Angeles Unified School District GO, 5.00%, 7/1/27
1,050,000

1,244,576

Los Angeles Unified School District GO, 5.00%, 7/1/29
6,000,000

6,319,800

Los Angeles Unified School District GO, 5.00%, 7/1/30
1,155,000

1,358,130

Los Angeles Wastewater System Rev., 5.75%, 6/1/19, Prerefunded at 100% of Par(2)
1,325,000

1,407,150

M-S-R Energy Authority Rev., 7.00%, 11/1/34 (GA: Citigroup, Inc.)
5,880,000

8,404,696

M-S-R Energy Authority Rev., 7.00%, 11/1/34 (GA: Citigroup, Inc.)
1,000,000

1,429,370

M-S-R Energy Authority Rev., 6.50%, 11/1/39 (GA: Citigroup, Inc.)
1,180,000

1,675,199

M-S-R Energy Authority Rev., 6.50%, 11/1/39 (GA: Citigroup, Inc.)
1,425,000

2,023,015

Manhattan Beach Unified School District GO, Capital Appreciation, 0.00%, 9/1/29(1)
5,905,000

4,095,826

Menlo Park Community Development Agency Successor Agency Tax Allocation, 4.00%, 10/1/18
885,000

904,461

Menlo Park Community Development Agency Successor Agency Tax Allocation, 5.00%, 10/1/19
420,000

445,339

Menlo Park Community Development Agency Successor Agency Tax Allocation, 5.00%, 10/1/20
325,000

354,734

Metropolitan Water District of Southern California Rev., VRDN, 1.34%, 12/7/17, resets weekly off the MUNIPSA plus 0.38%
9,935,000

9,935,596

Milpitas Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/25
2,325,000

2,821,015

Milpitas Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/26
6,285,000

7,595,800

Modesto Irrigation District COP, 5.75%, 10/1/34
2,500,000

2,630,000

Mount San Antonio Community College District GO, 5.00%, 8/1/34
2,000,000

2,291,760

Municipal Improvement Corp. of Los Angeles Rev., 5.00%, 3/1/25
3,000,000

3,381,120

Municipal Improvement Corp. of Los Angeles Rev., 4.00%, 11/1/36
4,560,000

4,826,213

Murrieta Financing Authority Special Tax, 5.00%, 9/1/21
1,200,000

1,311,420

Natomas Unified School District GO, 5.00%, 9/1/26 (BAM)
1,785,000

2,076,151

New Haven Unified School District GO, 12.00%, 8/1/18 (AGM)
880,000

942,656

Newark Unified School District GO, 5.00%, 8/1/44
6,030,000

6,913,335

Newport Beach Rev., (Hoag Memorial Hospital/Newport Healthcare Obligated Group), 6.00%, 12/1/21, Prerefunded at 100% of Par(2)
2,000,000

2,331,380

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/27
1,295,000

1,520,200

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/28
1,500,000

1,757,010

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/30
1,750,000

2,038,697

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/31
1,000,000

1,163,700

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/47
1,500,000

1,751,055

North Lake Tahoe Public Financing Authority Rev., 4.00%, 12/1/19
1,000,000

1,047,260

North Lake Tahoe Public Financing Authority Rev., 5.00%, 12/1/21
500,000

566,520

Northern California Power Agency Rev., 5.00%, 8/1/19
2,000,000

2,110,460

Northern California Power Agency Rev., 5.00%, 8/1/20
1,515,000

1,622,807

Northern California Power Agency Rev., 5.00%, 8/1/21
2,050,000

2,194,525

Northern California Power Agency Rev., 5.25%, 8/1/22
4,250,000

4,573,935

Northern California Power Agency Rev., 5.00%, 7/1/26
1,750,000

1,992,375

Northern California Power Agency Rev., 5.00%, 7/1/27
2,000,000

2,272,300

Northern California Transmission Agency Rev., 5.00%, 5/1/21
800,000

889,016

Northern California Transmission Agency Rev., 5.00%, 5/1/28
1,000,000

1,205,330

Northern California Transmission Agency Rev., 5.00%, 5/1/29
1,000,000

1,196,880

Northern California Transmission Agency Rev., 5.00%, 5/1/30
1,855,000

2,207,784



Oakland Alameda County Coliseum Authority Rev., 5.00%, 2/1/18
3,345,000

3,365,137

Oakland Alameda County Coliseum Authority Rev., 5.00%, 2/1/25
4,065,000

4,533,654

Oakland Sewer Rev., 5.00%, 6/15/26
1,200,000

1,416,948

Oakland State Building Authority Rev., 5.00%, 12/1/22
3,825,000

4,389,111

Oakland Unified School District/Alameda County GO, 5.00%, 8/1/20
1,670,000

1,820,367

Oakland Unified School District/Alameda County GO, 6.625%, 8/1/21, Prerefunded at 100% of Par(2)
1,870,000

2,205,478

Oakland Unified School District/Alameda County GO, 5.00%, 8/1/22
750,000

823,673

Oakland Unified School District/Alameda County GO, 5.50%, 8/1/22, Prerefunded at 100% of Par(2)
3,150,000

3,693,091

Oakland Unified School District/Alameda County GO, 5.00%, 8/1/23
1,400,000

1,640,772

Oakland Unified School District/Alameda County GO, 5.00%, 8/1/25
2,500,000

3,037,950

Oakland Unified School District/Alameda County GO, 5.00%, 8/1/25
650,000

789,867

Oakland Unified School District/Alameda County GO, 5.00%, 8/1/31
2,755,000

3,340,024

Ontario Community Facilities District No. 24 Special Tax, 4.00%, 9/1/20
295,000

308,402

Ontario Community Facilities District No. 24 Special Tax, 4.00%, 9/1/21
285,000

301,533

Ontario Community Facilities District No. 24 Special Tax, 4.00%, 9/1/22
300,000

318,612

Ontario Community Facilities District No. 24 Special Tax, 4.00%, 9/1/23
60,000

63,858

Orange County Community Facilities District Special Tax, 5.00%, 8/15/28
1,960,000

2,166,231

Orange County Community Facilities District Special Tax, 5.00%, 8/15/29
2,000,000

2,310,760

Orange County Community Facilities District Special Tax, 5.00%, 8/15/30
2,220,000

2,555,753

Orange County Community Facilities District Special Tax, 5.00%, 8/15/32
2,575,000

2,939,028

Orange County Community Facilities District Special Tax, 5.00%, 8/15/35
1,000,000

1,110,370

Oxnard Financing Authority Rev., 5.00%, 6/1/25 (AGM)
2,000,000

2,352,920

Oxnard Financing Authority Rev., 5.00%, 6/1/26 (AGM)
3,690,000

4,314,274

Oxnard Financing Authority Rev., 5.00%, 6/1/28 (AGM)
1,515,000

1,749,492

Oxnard Financing Authority Rev., 5.00%, 6/1/32 (AGM)
2,500,000

2,861,100

Oxnard Financing Authority Rev., 5.00%, 6/1/33 (AGM)
1,000,000

1,139,950

Oxnard School District GO, VRN, 3.00%, 8/1/20 (AGM)(3)
3,500,000

3,681,020

Palm Desert Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/28 (BAM)
800,000

960,992

Palm Desert Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/30 (BAM)
350,000

413,742

Palmdale Community Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/28 (NATL)
2,150,000

2,560,349

Palmdale Community Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/29 (NATL)
2,075,000

2,453,189

Palmdale Community Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/30 (NATL)
1,215,000

1,424,029

Palomar Health COP, 6.75%, 11/1/19, Prerefunded at 100% of Par(2)
500,000

549,190

Palomar Health COP, 5.25%, 11/1/21
620,000

661,503

Palomar Health COP, 6.00%, 11/1/41
1,870,000

2,009,390

Palomar Health GO, Capital Appreciation, 0.00%, 8/1/18 (NATL)(1)
3,615,000

3,576,573

Palomar Health GO, Capital Appreciation, 0.00%, 8/1/19 (AGC)(3)
3,330,000

4,088,041

Palomar Health Rev., 5.00%, 11/1/21
3,625,000

3,958,935

Palomar Health Rev., 5.00%, 11/1/24
2,375,000

2,702,679

Palomar Health Rev., 5.00%, 11/1/27
4,100,000

4,726,357

Palomar Health Rev., 5.00%, 11/1/29
4,585,000

5,224,011

Palomar Health Rev., 5.00%, 11/1/39
1,830,000

2,023,431

Palos Verdes Peninsula Unified School District GO, 0.00%, 8/1/33(1)
2,600,000

1,596,244

Peralta Community College District GO, 5.00%, 8/1/22
2,145,000

2,460,680

Pittsburg Successor Agency Redevelopment Agency Tax Allocation, 5.00%, 9/1/29 (AGM)
3,000,000

3,521,190

Pomona Unified School District GO, 6.55%, 8/1/29 (NATL)
1,000,000

1,297,720

Pomona Unified School District GO, 6.15%, 8/1/30 (NATL)
855,000

1,016,193

Porterville Public Financing Authority Rev., 5.625%, 10/1/36
4,000,000

4,559,800

Poway Unified School District GO, Capital Appreciation, 0.00%, 8/1/41(1)
4,890,000

2,039,815



Poway Unified School District Rev., 7.875%, 9/15/19, Prerefunded at 100% of Par(2)
1,010,000

1,121,726

Poway Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/31
1,655,000

1,892,741

Rancho Santa Fe Community Services District Special Tax, 5.125%, 9/1/21, Prerefunded at 100% of Par(2)
790,000

890,117

Rancho Santa Fe Community Services District Special Tax, 5.25%, 9/1/21, Prerefunded at 100% of Par(2)
1,300,000

1,470,625

Rancho Santa Fe Community Services District Special Tax, 5.375%, 9/1/21, Prerefunded at 100% of Par(2)
1,410,000

1,601,436

Redding Electric System Rev., 5.00%, 6/1/28
1,000,000

1,222,370

Redding Electric System Rev., 5.00%, 6/1/29
1,250,000

1,516,125

Redding Electric System Rev., 5.00%, 6/1/30
1,250,000

1,504,400

Regents of the University of California Medical Center Pooled Rev., 5.00%, 5/15/33
3,015,000

3,519,018

Regents of the University of California Medical Center Pooled Rev., 5.00%, 5/15/34
2,000,000

2,326,160

Richmond Wastewater Rev., VRDN, 0.91%, 12/7/17, resets weekly off the remarketing agent (LOC: Barclays Bank plc)
4,300,000

4,300,000

Rio Elementary School District Community Facilities District Special Tax, 5.00%, 9/1/24
700,000

799,988

Riverside County Redevelopment Successor Agency Tax Allocation, 6.50%, 10/1/20, Prerefunded at 100% of Par(2)
1,560,000

1,772,597

Riverside County Transportation Commission Rev., 5.25%, 6/1/39
1,335,000

1,542,299

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/28(1)
1,000,000

666,130

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/30(1)
1,000,000

604,530

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/31(1)
1,555,000

894,607

Riverside Electric Rev., VRDN, 0.91%, 12/6/17, resets weekly off the remarketing agent (LOC: Barclays Bank plc)
3,265,000

3,265,000

Riverside Sewer Rev., 5.00%, 8/1/25
1,630,000

1,967,866

Riverside Sewer Rev., 5.00%, 8/1/26
3,400,000

4,064,836

Riverside Water Rev., VRDN, 0.99%, 12/7/17, resets weekly off the MUNIPSA plus 0.63%
7,270,000

7,271,018

Romoland School District Special Tax, 4.00%, 9/1/21
1,035,000

1,100,381

Romoland School District Special Tax, 5.00%, 9/1/22
1,140,000

1,274,224

Roseville Special Tax, 5.00%, 9/1/25
750,000

871,448

Roseville Special Tax, 5.00%, 9/1/26
1,075,000

1,261,760

Roseville Special Tax, 5.00%, 9/1/28
1,025,000

1,194,187

Roseville Special Tax, 5.00%, 9/1/30
1,390,000

1,602,948

Roseville Special Tax, 5.00%, 9/1/31
1,000,000

1,143,280

Roseville Special Tax, 5.00%, 9/1/32
1,250,000

1,422,387

Roseville Special Tax, 5.00%, 9/1/34
1,050,000

1,180,851

Roseville Water Utility Rev., COP, 5.00%, 12/1/26
1,690,000

2,028,203

Roseville Water Utility Rev., COP, 5.00%, 12/1/27
2,250,000

2,689,357

Sacramento City Financing Authority Rev., 5.40%, 11/1/20 (Ambac)
1,355,000

1,442,154

Sacramento County Airport System Rev., 5.00%, 7/1/20
1,000,000

1,084,100

Sacramento County Airport System Rev., 5.00%, 7/1/23
1,000,000

1,083,840

Sacramento County Airport System Rev., 5.00%, 7/1/24
1,000,000

1,083,580

Sacramento County Airport System Rev., 5.625%, 7/1/29
1,000,000

1,024,220

Sacramento County Sanitation Districts Financing Authority Rev., 5.25%, 12/1/21 (NATL)
1,000,000

1,141,430

Sacramento County Sanitation Districts Financing Authority Rev., VRN, 1.41%, 12/1/17, resets quarterly off 67% of the 3-month LIBOR plus 0.53% (NATL)
4,000,000

3,609,400

Sacramento Municipal Utility District Rev., 4.00%, 7/1/18
6,000,000

6,096,960

Sacramento Municipal Utility District Rev., 5.25%, 7/1/24 (Ambac)
3,000,000

3,499,620

Sacramento Municipal Utility District Rev., 5.00%, 8/15/24
1,500,000

1,720,335

Sacramento Municipal Utility District Rev., 5.00%, 8/15/25
5,000,000

5,729,600

Sacramento Municipal Utility District Rev., 5.00%, 8/15/27
3,150,000

3,953,880

Sacramento Municipal Utility District Rev., 5.00%, 8/15/28
1,200,000

1,521,288

Sacramento Redevelopment Agency Successor Agency Tax Allocation, 4.00%, 12/1/18
2,000,000

2,051,440

Sacramento Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/34 (BAM)
1,355,000

1,566,082

Sacramento Regional Transit District Rev., 5.00%, 3/1/18(2)
250,000

252,298

Salinas Union High School District GO, Capital Appreciation, 0.00%, 8/1/20(1)
5,000,000

4,746,900



San Bernardino Community College District GO, 5.50%, 8/1/18, Prerefunded at 100% of Par(2)
300,000

308,388

San Bernardino Community College District GO, 6.25%, 8/1/18, Prerefunded at 100% of Par(2)
8,000,000

8,262,880

San Bernardino Community College District GO, Capital Appreciation, 0.00%, 8/1/19(3)
17,240,000

19,799,795

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 3.00%, 12/1/18 (AGM)
1,725,000

1,755,515

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 4.00%, 12/1/19 (AGM)
2,665,000

2,786,684

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/20 (AGM)
2,915,000

3,195,336

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/22 (AGM)
2,310,000

2,650,679

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/24 (AGM)
2,310,000

2,740,191

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/25 (AGM)
1,275,000

1,532,218

San Buenaventura Rev., (Community Memorial Health System), 8.00%, 12/1/26
2,000,000

2,416,260

San Buenaventura Rev., (Community Memorial Health System), 7.50%, 12/1/41
2,550,000

2,972,382

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/18
300,000

309,684

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/19
300,000

318,390

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/22
1,525,000

1,740,147

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/25
275,000

329,502

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/30
675,000

779,159

San Diego Association of Governments South Bay Expressway Rev., 5.00%, 7/1/27
1,050,000

1,303,596

San Diego Association of Governments South Bay Expressway Rev., 5.00%, 7/1/29
800,000

977,744

San Diego Association of Governments South Bay Expressway Rev., 5.00%, 7/1/34
2,500,000

2,972,950

San Diego Association of Governments South Bay Expressway Rev., 5.00%, 7/1/36
1,500,000

1,775,445

San Diego Community College District GO, 5.00%, 8/1/30
3,000,000

3,501,870

San Diego Convention Center Expansion Financing Authority Rev., 4.00%, 4/15/18
1,160,000

1,171,948

San Diego County Regional Airport Authority Rev., 4.00%, 7/1/19
400,000

415,824

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/19
1,290,000

1,360,834

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/21
2,000,000

2,169,260

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/31
1,000,000

1,208,850

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/32
850,000

1,024,318

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/33
1,000,000

1,200,380

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/34
700,000

837,641

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/34
750,000

815,460

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/35
1,000,000

1,192,900

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/43
1,000,000

1,140,500

San Diego County Regional Transportation Commission Rev., 5.00%, 4/1/21
5,940,000

6,607,656

San Diego County Water Authority Financing Corp. Rev., 5.00%, 5/1/25
5,250,000

6,373,710

San Diego County Water Authority Financing Corp. Rev., 5.00%, 5/1/26
2,390,000

2,888,697

San Diego County Water Authority Financing Corp. Rev., 5.00%, 5/1/27
3,485,000

4,180,257

San Diego Public Facilities Financing Authority Rev., 5.00%, 10/15/44
2,000,000

2,293,360

San Diego Public Facilities Financing Authority Sewer Rev., 5.00%, 5/15/19, Prerefunded at 100% of Par(2)
3,680,000

3,864,773

San Diego Public Facilities Financing Authority Sewer Rev., 5.25%, 5/15/20, Prerefunded at 100% of Par(2)
3,400,000

3,707,802

San Diego Public Facilities Financing Authority Sewer Rev., 5.00%, 5/15/28
10,000,000

12,259,900

San Diego Public Facilities Financing Authority Water Rev., 5.00%, 8/1/18, Prerefunded at 100% of Par(2)
1,000,000

1,025,030

San Diego Public Facilities Financing Authority Water Rev., 5.00%, 8/1/21
2,000,000

2,246,720

San Diego Public Facilities Financing Authority Water Rev., 5.00%, 8/1/24
2,000,000

2,292,420

San Diego Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/22
1,000,000

1,146,260

San Diego Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/23
1,000,000

1,170,810

San Diego Unified Port District Rev., 5.00%, 9/1/23
250,000

290,925

San Diego Unified Port District Rev., 5.00%, 9/1/24
500,000

579,200

San Diego Unified Port District Rev., 5.00%, 9/1/26
750,000

866,603

San Diego Unified School District GO, 5.00%, 7/1/28
5,000,000

6,053,350



San Diego Unified School District GO, 5.00%, 7/1/31
1,500,000

1,834,710

San Diego Unified School District GO, 5.00%, 7/1/32
1,000,000

1,218,350

San Diego Unified School District GO, 5.00%, 7/1/33
2,075,000

2,518,199

San Diego Unified School District GO, Capital Appreciation, 0.00%, 7/1/32(1)(5)
2,000,000

1,194,960

San Diego Unified School District GO, Capital Appreciation, 0.00%, 7/1/33(1)(5)
2,000,000

1,135,480

San Diego Unified School District GO, Capital Appreciation, 0.00%, 7/1/36(1)
7,895,000

4,114,163

San Diego Unified School District GO, Capital Appreciation, 0.00%, 7/1/44(1)
2,880,000

1,081,440

San Diego Unified School District GO, Capital Appreciation, 0.00%, 7/1/49(1)
1,000,000

297,700

San Francisco Bay Area Rapid Transit District Rev., 5.00%, 7/1/28
1,500,000

1,811,310

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/18 (AGC)
2,000,000

2,031,500

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/19
1,500,000

1,571,790

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/3/21, Prerefunded at 100% of Par(2)
980,000

1,092,680

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/3/21, Prerefunded at 100% of Par(2)
1,210,000

1,349,126

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/22
1,000,000

1,138,660

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/23
1,500,000

1,747,125

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 4.00%, 5/1/24
1,625,000

1,771,624

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/26
1,250,000

1,426,175

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/29
5,060,000

5,582,293

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/40
2,150,000

2,293,018

San Francisco City & County Public Utilities Commission Wastewater Rev., 5.00%, 10/1/21
5,000,000

5,628,200

San Francisco City & County Redevelopment Agency Tax Allocation, 5.50%, 8/1/18(2)
485,000

498,401

San Francisco City & County Redevelopment Agency Tax Allocation, 6.00%, 8/1/19(2)
510,000

547,964

San Francisco City & County Redevelopment Agency Tax Allocation, 6.00%, 8/1/20(2)
515,000

575,307

San Francisco City & County Redevelopment Agency Tax Allocation, 6.625%, 2/1/21, Prerefunded at 100% of Par(2)
500,000

578,575

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/21
460,000

511,879

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/26
425,000

499,180

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/27
550,000

644,512

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/28
370,000

432,582

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/31
400,000

463,632

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/43
1,500,000

1,703,040

San Francisco City & County Redevelopment Agency Tax Allocation, 5.00%, 8/1/46 (AGM)
1,000,000

1,159,310

San Francisco Public Utilities Commission Water Rev., 5.00%, 5/1/20, Prerefunded at 100% of Par(2)
2,780,000

3,011,324

San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/28
1,055,000

1,240,912

San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/35
1,415,000

1,628,071

San Joaquin Hills Transportation Corridor Agency Rev., 5.00%, 1/15/34
11,000,000

12,497,650

San Joaquin Hills Transportation Corridor Agency Rev., 5.00%, 1/15/44
1,000,000

1,119,750

San Joaquin Hills Transportation Corridor Agency Rev., 5.25%, 1/15/44
1,000,000

1,122,030

San Jose Unified School District GO, 5.00%, 8/1/18
2,100,000

2,152,983

San Jose Unified School District GO, 5.00%, 8/1/19
1,000,000

1,057,770

San Mateo Special Tax, 5.875%, 9/1/32
1,375,000

1,541,334

San Mateo Special Tax, 5.50%, 9/1/44
750,000

818,048

San Mateo County Transit District Rev., 5.25%, 6/1/18 (NATL)(2)
2,680,000

2,733,037

San Mateo Joint Powers Financing Authority Rev., 5.00%, 6/15/18
1,000,000

1,020,460

Santa Clara Electric Rev., 5.00%, 7/1/30
1,500,000

1,665,450

Santa Clara Valley Transportation Authority Rev., 5.00%, 4/1/20
4,000,000

4,320,560

Santa Cruz County Redevelopment Agency Tax Allocation, 5.00%, 9/1/35 (AGM)
1,500,000

1,721,445

Santa Monica Redevelopment Agency Tax Allocation, 5.00%, 7/1/42
1,000,000

1,095,380

Santa Monica Redevelopment Agency Tax Allocation, 5.875%, 7/1/42
1,000,000

1,138,970



Santa Rosa Wastewater , Capital Appreciation, 0.00%, 9/1/24 (Ambac)(1)
9,000,000

7,683,300

Simi Valley Unified School District GO, 5.00%, 8/1/26
1,990,000

2,451,740

Simi Valley Unified School District GO, 5.00%, 8/1/27
1,500,000

1,871,010

Sonoma Community Development Agency Successor Agency Tax Allocation, 5.00%, 6/1/23 (NATL)
1,000,000

1,130,090

Sonoma Community Development Agency Successor Agency Tax Allocation, 5.00%, 6/1/25 (NATL)
1,390,000

1,660,424

Sonoma Community Development Agency Successor Agency Tax Allocation, 5.00%, 6/1/29 (NATL)
1,100,000

1,299,078

Sonoma Community Development Agency Successor Agency Tax Allocation, 5.00%, 6/1/33 (NATL)
1,325,000

1,539,597

South Orange County Public Financing Authority Rev., 4.50%, 6/1/18
2,700,000

2,742,876

South Placer Wastewater Authority Rev., 5.00%, 11/1/36
8,475,000

10,062,198

South Placer Wastewater Authority Rev., 5.00%, 11/1/37
9,615,000

11,397,429

Southern California Public Power Authority Rev., 5.00%, 7/1/18
1,880,000

1,921,134

Southern California Public Power Authority Rev., 5.00%, 7/1/18
2,000,000

2,043,760

Southern California Public Power Authority Rev., 6.00%, 7/1/18, Prerefunded at 100% of Par(2)
2,000,000

2,055,300

Southern California Public Power Authority Rev., 5.00%, 7/1/20
4,000,000

4,354,400

Southern California Public Power Authority Rev., 5.00%, 7/1/21
2,780,000

3,112,266

Southern California Public Power Authority Rev., 5.00%, 7/1/22
2,875,000

2,937,387

Southern California Water Replenishment District Rev., 5.00%, 8/1/21
1,000,000

1,120,320

State Center Community College District GO, 4.00%, 8/1/33
1,000,000

1,091,170

State Center Community College District GO, 4.00%, 8/1/35
1,000,000

1,078,930

State of California GO, 5.00%, 3/1/18, Prerefunded at 100% of Par(2)
1,690,000

1,705,328

State of California GO, 5.00%, 7/1/18(2)
1,565,000

1,599,320

State of California GO, 5.00%, 7/1/19(2)
4,505,000

4,753,811

State of California GO, 5.00%, 9/1/19
7,645,000

8,096,284

State of California GO, 5.25%, 10/1/20
5,000,000

5,327,800

State of California GO, 5.00%, 3/1/23
10,000,000

11,577,300

State of California GO, 5.50%, 4/1/24
4,600,000

4,840,396

State of California GO, 5.00%, 8/1/26
3,250,000

3,972,345

State of California GO, 5.00%, 8/1/26
4,800,000

5,783,616

State of California GO, 5.00%, 12/1/26
1,045,000

1,227,635

State of California GO, 5.00%, 2/1/27
10,000,000

11,505,500

State of California GO, 5.00%, 2/1/28
6,795,000

7,810,785

State of California GO, 5.00%, 3/1/28
8,000,000

9,527,120

State of California GO, 5.75%, 4/1/28
5,000,000

5,274,900

State of California GO, 5.00%, 11/1/29
2,625,000

3,063,322

State of California GO, 5.75%, 4/1/31
5,000,000

5,287,150

State of California GO, 5.00%, 9/1/31
10,000,000

12,004,000

State of California GO, 5.00%, 11/1/31
10,000,000

12,133,000

State of California GO, 6.50%, 4/1/33
7,500,000

8,005,350

State of California GO, 6.00%, 4/1/38
3,000,000

3,175,560

State of California GO, 5.50%, 3/1/40
3,000,000

3,248,220

State of California GO, VRDN, 1.57%, 12/1/17, resets monthly off 70% of the 1-month LIBOR plus 0.70%
1,700,000

1,710,693

State of California GO, VRDN, 1.63%, 12/1/17, resets monthly off 70% of the 1-month LIBOR plus 0.76%
4,000,000

4,040,360

State of California GO, VRDN, 4.00%, 12/1/21, resets off the remarketing agent
4,000,000

4,300,720

State of California GO, VRN, 1.87%, 12/7/17, resets weekly off the MUNIPSA plus 0.90%
4,000,000

4,000,640

State of California GO, VRN, 1.97%, 12/7/17, resets weekly off the MUNIPSA plus 1.00%
1,600,000

1,608,800

State of California GO, VRN, 2.12%, 12/7/17, resets weekly off the MUNIPSA plus 1.15%
1,920,000

1,948,224

State of California Department of Water Resources Rev., 5.00%, 12/1/19, Prerefunded at 100% of Par(2)
905,000

967,843

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/18, Prerefunded at 100% of Par(2)
1,800,000

1,828,206

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/18
4,000,000

4,062,520



State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/18, Prerefunded at 100% of Par(2)
1,430,000

1,452,408

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/19
5,000,000

5,246,500

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/20
14,215,000

15,387,311

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/20, Prerefunded at 100% of Par(2)
1,860,000

2,012,464

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/21
10,000,000

11,133,900

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/21
1,140,000

1,233,731

Stockton Public Financing Authority Rev., 5.00%, 9/1/22 (BAM)
1,410,000

1,615,536

Stockton Public Financing Authority Rev., 5.00%, 9/1/23 (BAM)
1,435,000

1,677,558

Stockton Public Financing Authority Rev., 5.00%, 9/1/24 (BAM)
1,090,000

1,299,029

Stockton Public Financing Authority Rev., 5.00%, 9/1/25 (BAM)
2,255,000

2,660,900

Stockton Public Financing Authority Rev., 5.00%, 9/1/26 (BAM)
1,495,000

1,754,876

Stockton Public Financing Authority Rev., 5.00%, 9/1/27 (BAM)
1,000,000

1,165,650

Stockton Public Financing Authority Rev., 6.25%, 10/1/38
1,500,000

1,813,035

Stockton Public Financing Authority Rev., 6.25%, 10/1/40
750,000

901,095

Stockton Public Financing Authority Special Tax, 4.00%, 9/2/20 (BAM)
575,000

610,460

Stockton Public Financing Authority Special Tax, 4.00%, 9/2/21 (BAM)
450,000

486,365

Stockton Public Financing Authority Special Tax, 4.00%, 9/2/22 (BAM)
940,000

1,030,475

Stockton Public Financing Authority Special Tax, 4.00%, 9/2/23 (BAM)
655,000

726,867

Stockton Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/29 (AGM)
1,500,000

1,760,595

Stockton Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/30 (AGM)
1,800,000

2,102,058

Stockton Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/31 (AGM)
1,825,000

2,126,636

Stockton Unified School District GO, 5.00%, 8/1/27 (AGM)
530,000

619,999

Stockton Unified School District GO, 5.00%, 8/1/28 (AGM)
255,000

296,588

Stockton Unified School District GO, 5.00%, 8/1/30
11,165,000

13,051,438

Stockton Unified School District GO, 5.00%, 8/1/42 (AGM)
1,295,000

1,456,033

Temecula Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/15/28(5)
500,000

597,795

Temecula Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/15/29(5)
1,155,000

1,372,013

Temecula Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/15/31(5)
765,000

897,812

Temecula Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/15/32(5)
750,000

879,503

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/18 (BAM)
325,000

333,034

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/19 (BAM)
265,000

278,579

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/20 (BAM)
400,000

435,316

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/21 (BAM)
515,000

575,353

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/22 (BAM)
275,000

313,874

Tobacco Securitization Authority of Southern California Rev., (San Diego County Tobacco Asset Securitization Corp.), 5.00%, 6/1/37
2,250,000

2,255,535

Tobacco Securitization Authority of Southern California Rev., (San Diego County Tobacco Asset Securitization Corp.), 5.125%, 6/1/46
1,000,000

1,001,460

Tuolumne Wind Project Authority Rev., 5.625%, 1/1/19, Prerefunded at 100% of Par(2)
2,200,000

2,296,866

Tustin Community Facilities District Special Tax, 5.00%, 9/1/22
480,000

544,584

Tustin Community Facilities District Special Tax, 5.00%, 9/1/23
725,000

836,447

Tustin Community Facilities District Special Tax, 5.00%, 9/1/28
1,000,000

1,153,630

Tustin Community Facilities District Special Tax, 5.00%, 9/1/30
1,000,000

1,148,380

Tustin Unified School District Special Tax, 6.00%, 9/1/20, Prerefunded at 100% of Par(2)
2,000,000

2,235,080

University of California Rev., 5.00%, 5/15/18, Prerefunded at 101% of Par(2)
760,000

780,429

University of California Rev., 5.25%, 5/15/19, Prerefunded at 100% of Par(2)
2,210,000

2,327,218

University of California Rev., 5.25%, 5/15/19, Prerefunded at 100% of Par(2)
4,285,000

4,515,404

University of California Rev., 5.25%, 5/15/19, Prerefunded at 100% of Par(2)
1,255,000

1,321,565

University of California Rev., 5.00%, 5/15/20
1,405,000

1,443,413

University of California Rev., 5.00%, 5/15/25
8,250,000

9,623,212



University of California Rev., 5.00%, 5/15/26
6,150,000

6,984,616

University of California Rev., 5.00%, 5/15/26
11,300,000

13,669,384

University of California Rev., 4.00%, 5/15/33
4,005,000

4,306,456

University of California Rev., 5.00%, 5/15/42
1,640,000

1,820,285

University of California Rev., VRDN, 0.96%, 12/7/17, resets weekly off the remarketing agent
2,400,000

2,400,000

University of California Rev., VRDN, 1.40%, 5/15/21, resets off the remarketing agent
1,650,000

1,626,405

University of California Rev., VRDN, 5.00%, 5/15/23, resets off the remarketing agent
9,935,000

11,616,797

Upper Santa Clara Valley Joint Powers Authority Rev., 4.00%, 8/1/18
600,000

611,178

Upper Santa Clara Valley Joint Powers Authority Rev., 4.00%, 8/1/19
600,000

624,870

Washington Township Health Care District Rev., 5.00%, 7/1/29
600,000

688,986

Washington Township Health Care District Rev., 3.50%, 7/1/30
760,000

757,690

Washington Township Health Care District Rev., 5.00%, 7/1/30
1,200,000

1,370,520

Washington Township Health Care District Rev., 3.75%, 7/1/31
400,000

405,140

Washington Township Health Care District Rev., 4.00%, 7/1/32
135,000

139,338

Washington Township Health Care District Rev., 4.00%, 7/1/34
840,000

848,644

Washington Township Health Care District Rev., 5.00%, 7/1/35
990,000

1,109,909

Washington Township Health Care District Rev., 4.00%, 7/1/36
200,000

201,262

Washington Township Health Care District Rev., 4.00%, 7/1/37
200,000

200,944

Washington Township Health Care District Rev., 4.00%, 7/1/37
1,000,000

1,004,720

Washington Township Health Care District Rev., 5.00%, 7/1/42
1,000,000

1,110,800

West Contra Costa Unified School District GO, 5.00%, 8/1/30
2,000,000

2,353,160

West Contra Costa Unified School District GO, 5.00%, 8/1/33
3,000,000

3,493,290

West Contra Costa Unified School District GO, 5.00%, 8/1/34
1,200,000

1,392,504

West Contra Costa Unified School District GO, 5.00%, 8/1/35
1,500,000

1,734,630

West Contra Costa Unified School District GO, 0.00%, 8/1/32 (AGC)(1)
2,000,000

1,241,420

West Sacramento Financing Authority Special Tax, 5.00%, 9/1/18 (XLCA)
1,490,000

1,528,293

West Sacramento Financing Authority Special Tax, 5.00%, 9/1/19 (XLCA)
995,000

1,047,566

West Sacramento Financing Authority Special Tax, 5.00%, 9/1/20 (XLCA)
1,195,000

1,284,506

Western Riverside Water & Wastewater Financing Authority Rev., 5.00%, 9/1/24
1,690,000

1,973,396

Western Riverside Water & Wastewater Financing Authority Rev., 5.00%, 9/1/25
1,170,000

1,380,085

Yosemite Community College District GO, Capital Appreciation, 0.00%, 8/1/38(1)
9,000,000

4,280,400

 
 
1,913,603,509

Guam — 0.4%
 
 
Guam Government GO, 6.00%, 11/15/19
435,000

455,937

Guam Government Power Authority Rev., 5.00%, 10/1/19 (AGM)
1,000,000

1,053,660

Guam Government Power Authority Rev., 5.50%, 10/1/40
2,150,000

2,271,045

Guam Government Waterworks Authority Rev., 5.00%, 7/1/21(5)
300,000

327,102

Guam Government Waterworks Authority Rev., 5.00%, 7/1/22(5)
325,000

360,880

Guam Government Waterworks Authority Rev., 5.00%, 7/1/23(5)
500,000

562,880

Guam Government Waterworks Authority Rev., 5.00%, 7/1/24(5)
350,000

398,324

Guam Government Waterworks Authority Rev., 5.00%, 7/1/25(5)
350,000

401,611

Guam Government Waterworks Authority Rev., 5.00%, 7/1/26(5)
500,000

576,605

Guam Government Waterworks Authority Rev., 5.00%, 7/1/27(5)
900,000

1,042,884

 
 
7,450,928

TOTAL INVESTMENT SECURITIES — 99.7%
(Cost $1,838,924,061)
 
1,921,054,437

OTHER ASSETS AND LIABILITIES — 0.3%
 
6,628,527

TOTAL NET ASSETS — 100.0%
 
$
1,927,682,964




NOTES TO SCHEDULE OF INVESTMENTS
AGC
-
Assured Guaranty Corporation
AGM
-
Assured Guaranty Municipal Corporation
BAM
-
Build America Mutual Assurance Company
COP
-
Certificates of Participation
GA
-
Guaranty Agreement
GO
-
General Obligation
LIBOR
-
London Interbank Offered Rate
LOC
-
Letter of Credit
MUNIPSA
-
SFIMA Municipal Swap Index
NATL
-
National Public Finance Guarantee Corporation
resets
-
The frequency with which a security's coupon changes, based on current market conditions or underlying index.
SBBPA
-
Standby Bond Purchase Agreement
VRDN
-
Variable Rate Demand Note. Interest reset date is indicated. Rate shown is effective at the period end.
VRN
-
Variable Rate Note. Interest reset date is indicated. Rate shown is effective at the period end.
XLCA
-
XL Capital Ltd.
(1)
Security is a zero-coupon bond. Zero-coupon securities are issued at a substantial discount from their value at maturity.
(2)
Escrowed to maturity in U.S. government securities or state and local government securities.
(3)
Coupon rate adjusts periodically based upon a predetermined schedule. Interest reset date is indicated. Rate shown is effective at the period end.
(4)
Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $27,370,001, which represented 1.4% of total net assets.
(5)
When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.






SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS

1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The Board of Trustees has adopted valuation policies and procedures to guide the investment advisor in the fund’s investment valuation process and to provide methodologies for the oversight of the fund’s pricing function.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Municipal securities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.
 
If the fund determines that the market price for an investment is not readily available or the valuation methods mentioned above do not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Trustees or its delegate, in accordance with policies and procedures adopted by the Board of Trustees. In its determination of fair value, the fund may review several factors including, but not limited to, market information regarding the specific investment or comparable investments and correlation with other investment types, futures indices or general market indicators. Circumstances that may cause the fund to use these procedures to value an investment include, but are not limited to: an investment has been declared in default or is distressed; trading in a security has been suspended during the trading day or a security is not actively trading on its principal exchange; prices received from a regular pricing source are deemed unreliable; or there is a foreign market holiday and no trading occurred.
 
The fund monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s net asset value per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region.
 
2. Fair Value Measurements

The fund’s investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments. There were no significant transfers between levels during the period.

As of period end, the fund’s investment securities were classified as Level 2. The Schedule of Investments provides additional information on the fund’s portfolio holdings.



This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.
 




American Century Investments® 
Quarterly Portfolio Holdings
California Tax-Free Money Market Fund
November 30, 2017





amcentlogoa48.jpg




California Tax-Free Money Market - Schedule of Investments
NOVEMBER 30, 2017 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
MUNICIPAL SECURITIES — 99.3%
 
 
California — 99.3%
 
 
California Enterprise Development Authority Rev., (Community Hospice, Inc.), VRDN, 1.02%, 12/7/17, resets weekly off the remarketing agent (LOC: Bank of Stockton and FHLB)
3,145,000

3,145,000

California Enterprise Development Authority Rev., (Humane Society Silicon Valley), VRDN, 1.02%, 12/7/17, resets weekly off the remarketing agent (LOC: First Republic Bank and FHLB)
5,855,000

5,855,000

California Housing Finance Agency Rev., VRDN, 0.95%, 12/6/17, resets weekly off the remarketing agent (LOC: Citibank N.A.)
8,075,000

8,075,000

California Infrastructure & Economic Development Bank Rev., (Bay Institute Aquarium Foundation), VRDN, 1.01%, 12/7/17, resets weekly off the remarketing agent (LOC: Union Bank N.A. and FHLB)
2,335,000

2,335,000

California Infrastructure & Economic Development Bank Rev., (Columbia College), VRDN, 1.03%, 12/7/17, resets weekly off the remarketing agent (LOC: Rabobank N.A. and Rabobank Nederland)
4,565,000

4,565,000

California Infrastructure & Economic Development Bank Rev., (Columbia College), VRDN, 1.03%, 12/7/17, resets weekly off the remarketing agent (LOC: Rabobank N.A. and Rabobank Cooperatieve)
2,035,000

2,035,000

California Infrastructure & Economic Development Bank Rev., (Kennfoods USA LLC), VRDN, 1.08%, 12/7/17, resets weekly off the remarketing agent (LOC: Bank of the West)
880,000

880,000

California Infrastructure & Economic Development Bank Rev., VRDN, 1.02%, 12/7/17, resets weekly off the remarketing agent (LOC: Union Bank N.A.)
2,030,000

2,030,000

California Municipal Finance Authority Rev., (Central Coast YMCA), VRDN, 1.02%, 12/7/17, resets weekly off the remarketing agent (LOC: Pacific Capital Bank N.A. and FHLB)
4,320,000

4,320,000

California Municipal Finance Authority Rev., (High Desert Partnership In Academic Excellence Foundation, Inc.), VRDN, 1.02%, 12/7/17, resets weekly off the remarketing agent (LOC: Union Bank N.A.)
1,955,000

1,955,000

California Pollution Control Financing Authority Rev., (Recology, Inc.), VRDN, 0.96%, 12/7/17, resets weekly off the remarketing agent (LOC: Bank of America N.A.)
1,300,000

1,300,000

California Statewide Communities Development Authority COP, VRDN, 0.99%, 12/6/17, resets weekly off the remarketing agent (LOC: MUFG Union Bank)
395,000

395,000

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 0.94%, 12/6/17, resets weekly off the remarketing agent
700,000

700,000

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 0.95%, 12/6/17, resets weekly off the remarketing agent
4,400,000

4,400,000

City & County of San Francisco, 0.94%, 12/7/17 (LOC: Wells Fargo Bank N.A.)
5,000,000

5,000,000

Fresno Rev., (Wasatch Pool Holdings LLC), VRDN, 0.95%, 12/7/17, resets weekly off the remarketing agent (LOC: FNMA)(LIQ FAC: FNMA)
3,300,000

3,300,000

Irvine Special Assessment, VRDN, 0.89%, 12/1/17, resets daily off the remarketing agent (LOC: State Street Bank & Trust Co.)
600,000

600,000

Irvine Ranch Water District Special Assessment, VRN, 1.06%, 12/7/17, resets weekly off the remarketing agent
2,815,000

2,815,000

Irvine Ranch Water District Special Assessment, VRN, 1.07%, 12/7/17, resets weekly off the remarketing agent
4,850,000

4,850,000

Los Angeles Rev., 1.20%, 6/28/18
1,000,000

1,023,083

Los Angeles Community Redevelopment Agency Rev., (Forest City Southpark Two, Inc.), VRDN, 0.97%, 12/6/17, resets weekly off the remarketing agent (LOC: FNMA)(LIQ FAC: FNMA)
8,000,000

8,000,000

Los Angeles County Metropolitan Transportation Authority, 0.94%, 12/7/17 (LOC: CITIBANK N.A.)
5,000,000

5,000,000

Martinez Rev., (Muirwood Square Investors LP), VRDN, 1.01%, 12/6/17, resets weekly off the remarketing agent (LOC: FNMA)(LIQ FAC: FNMA)
4,600,000

4,600,000

Metropolitan Water District of Southern California Rev., VRN, 1.02%, 12/7/17, resets weekly off the remarketing agent
5,000,000

5,000,000

Metropolitan Water District of Southern California Rev., VRN, 1.02%, 12/7/17, resets weekly off the remarketing agent
2,000,000

2,000,000

Mission Viejo Community Development Financing Authority Rev., VRDN, 0.96%, 12/6/17, resets weekly off the remarketing agent (LOC: MUFG Union Bank N.A.)
3,300,000

3,300,000

Municipal Improvement Corp. Lease, 0.94%, 12/13/17 (LOC: U.S. Bank N.A.)
2,000,000

2,000,000

Reedley COP, (Mennonite Brethren Homes, Inc.), VRDN, 1.02%, 12/7/17, resets weekly off the remarketing agent (LOC: Bank of the Sierra and FHLB)
5,940,000

5,940,000

Riverside County COP, VRDN, 0.96%, 12/7/17, resets weekly off the remarketing agent (LOC: Bank of America N.A.)
2,575,000

2,575,000

Riverside County Rev., 1.31%, 10/25/18
2,500,000

2,545,726



Sacramento County Sanitation Districts Financing Authority Rev., VRDN, 1.00%, 12/7/17, resets weekly off the remarketing agent (FGIC)(LOC: Societe Generale)(1)
1,325,000

1,325,000

San Bernardino County Rev., (WLP Parkview Place Apartments LLC), VRDN, 0.96%, 12/7/17, resets weekly off the remarketing agent (LOC: FNMA)(LIQ FAC: FNMA)
5,100,000

5,100,000

San Bernardino County Flood Control District Rev., VRDN, 1.01%, 12/7/17, resets weekly off the remarketing agent (LOC: Bank of America N.A.)
3,000,000

3,000,000

San Diego County Water Authority Financing Corp, 0.93%, 12/12/17
5,000,000

5,000,000

San Diego Public Facilities Financing Authority Water Rev., 0.83%, 12/5/17 (LOC: Bank of America N.A.)
2,000,000

2,000,000

San Francisco City & County Public Utilities Commission, 0.96%, 12/6/17 (LOC: Bank of America N.A.)
2,000,000

2,000,000

Santa Clara County Housing Authority Rev., (SR Fountains LP), VRDN, 1.03%, 12/7/17, resets weekly off the remarketing agent (LOC: Citibank N.A.)
690,000

690,000

Tender Option Bond Trust Receipts/Certificates GO, VRDN, 1.09%, 12/7/17, resets weekly off the remarketing agent (LIQ FAC: JPMorgan Chase Bank N.A.)(1)
3,000,000

3,000,000

Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.01%, 12/7/17, resets weekly off the remarketing agent (LIQ FAC: Bank of America N.A.)(1)
5,000,000

5,000,000

Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.09%, 12/7/17, resets weekly off the remarketing agent (LIQ FAC: JPMorgan Chase Bank N.A.)(1)
3,750,000

3,750,000

Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.12%, 12/7/17, resets weekly off the remarketing agent (LIQ FAC: JPMorgan Chase Bank N.A.)(1)
5,000,000

5,000,000

Town of Apple Valley COP, VRDN, 1.02%, 12/7/17, resets weekly off the remarketing agent (LOC: Union Bank N.A.)
760,000

760,000

Town of Hillsborough COP, VRDN, 1.04%, 12/7/17, resets weekly off the remarketing agent (SBBPA: Bank of the West)
7,215,000

7,215,000

Town of Hillsborough COP, VRDN, 1.04%, 12/7/17, resets weekly off the remarketing agent (SBBPA: Bank of the West)
500,000

500,000

Victorville Joint Powers Finance Authority Rev., VRDN, 1.47%, 12/7/17, resets weekly off the remarketing agent (LOC: BNP Paribas)
13,715,000

13,715,000

Yolo County Rev., (Beckett Hall, Inc.), VRDN, 1.05%, 12/7/17, resets weekly off the remarketing agent (LOC: Bank of the West)
6,740,000

6,740,000

TOTAL INVESTMENT SECURITIES — 99.3%
 
165,333,809

OTHER ASSETS AND LIABILITIES — 0.7%
 
1,122,443

TOTAL NET ASSETS — 100.0%
 
$
166,456,252

NOTES TO SCHEDULE OF INVESTMENTS
COP
-
Certificates of Participation
FGIC
-
Financial Guaranty Insurance Company
FHLB
-
Federal Home Loan Bank
FNMA
-
Federal National Mortgage Association
GO
-
General Obligation
LIQ FAC
-
Liquidity Facilities
LOC
-
Letter of Credit
SBBPA
-
Standby Bond Purchase Agreement
VRDN
-
Variable Rate Demand Note. Interest reset date is indicated. Rate shown is effective at the period end.
VRN
-
Variable Rate Note. Interest reset date is indicated. Rate shown is effective at the period end.
(1)
Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $18,075,000, which represented 10.9% of total net assets.







SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS

1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. Investments are generally valued at amortized cost, which approximates fair value. If the fund determines that the amortized cost does not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Trustees or its delegate, in accordance with policies and procedures adopted by the Board of Trustees.

2. Fair Value Measurements

The fund’s investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments. There were no significant transfers between levels during the period.

As of period end, the fund’s investment securities were classified as Level 2. The Schedule of Investments provides additional information on the fund’s portfolio holdings.



This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.




ITEM 2. CONTROLS AND PROCEDURES.

(a)
The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(b)
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.


ITEM 3. EXHIBITS.

Separate certifications by the registrant’s principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are filed and attached hereto as Exhibit 99.CERT.
 




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant:
American Century California Tax-Free and Municipal Funds
 
 
 
 
 
By:
/s/ Jonathan S. Thomas
 
 
Name:
Jonathan S. Thomas
 
 
Title:
President
 
 
 
 
 
Date:
January 25, 2018
 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:
/s/ Jonathan S. Thomas
 
 
Name:
Jonathan S. Thomas
 
 
Title:
President
 
 
(principal executive officer)
 
 
 
 
Date:
January 25, 2018
 

By:
/s/ C. Jean Wade
 
 
Name:
C. Jean Wade
 
 
Title:
Vice President, Treasurer, and
 
 
Chief Financial Officer
 
 
 
(principal financial officer)
 
 
 
 
Date:
January 25, 2018