N-Q 1 acctfmf113018nqsdoc.htm N-Q ACCTFMF 11.30.18 NQs 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:
11-30-2018


ITEM 1. SCHEDULE OF INVESTMENTS.






American Century Investments® 
Quarterly Portfolio Holdings
California High-Yield Municipal Fund
November 30, 2018






amcentlogoa61.jpg


    

California High-Yield Municipal - Schedule of Investments
NOVEMBER 30, 2018 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
MUNICIPAL SECURITIES — 99.7%
 
 
California — 98.4%
 
 
91 Express Lanes Toll Road Rev., 5.00%, 8/15/30
2,400,000

2,676,768

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

2,150,080

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

944,240

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

1,343,425

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

2,247,320

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

2,250,240

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/35
2,270,000

2,491,438

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

5,479,550

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

5,078,150

Bay Area Toll Authority Rev., VRDN, 2.39%, (MUNIPSA plus 0.70%), 10/1/19
1,450,000

1,451,566

Bay Area Toll Authority Rev., VRDN, 2.79%, (MUNIPSA plus 1.10%), 4/1/24
2,500,000

2,562,675

Bay Area Toll Authority Rev., VRDN, 2.94%, (MUNIPSA plus 1.25%), 4/1/27
1,000,000

1,039,380

Beaumont Special Tax, (Beaumont Community Facilities District No. 93-1), 5.00%, 9/1/43
1,605,000

1,729,307

Beaumont Special Tax, (Beaumont Community Facilities District No. 93-1), 5.00%, 9/1/48
2,855,000

3,064,214

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

1,126,014

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

1,121,680

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

892,760

California Community College Financing Authority Rev., (NCCD-Orange Coast Properties LLC), 5.25%, 5/1/53
6,250,000

6,690,250

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

2,766,807

California County Tobacco Securitization Agency Rev., (Gold Country Settlement Funding Corp.), 5.25%, 6/1/46
1,000,000

965,710

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

2,002,320

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

1,500,585

California County Tobacco Securitization Agency Rev., (Los Angeles County Securitization Corp.), 0.00%, 6/1/46(1)
15,975,000

2,821,504

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

832,653

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

1,938,810

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

662,452

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

745,836

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

571,715

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

654,839

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

1,415,200

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

1,408,463

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

2,431,732

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

1,122,459

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/24
1,710,000

1,986,490

California Infrastructure & Economic Development Bank Rev., (Colburn School), VRDN, 2.69%, (MUNIPSA plus 1.00%), 6/1/20
2,190,000

2,204,848

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

2,001,440

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

1,918,850

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

1,842,032

California Municipal Finance Authority Rev., (California Baptist University), 5.00%, 11/1/46(2)
2,000,000

2,117,680

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

626,694

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

390,787



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

1,156,550

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

3,888,041

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

622,050

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

1,285,368

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

1,988,154

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/35
3,500,000

3,850,175

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/35
1,500,000

1,650,075

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/36
1,580,000

1,731,174

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/37
1,500,000

1,640,280

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

1,893,920

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

3,234,360

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/42
5,250,000

5,716,987

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

1,104,080

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

1,114,330

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

560,280

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

373,412

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

528,080

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

315,792

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

1,689,872

California Municipal Finance Authority Rev., (Palmdale Aerospace Academy, Inc.), 5.00%, 7/1/38(2)
1,100,000

1,133,726

California Municipal Finance Authority Rev., (Palmdale Aerospace Academy, Inc.), 5.00%, 7/1/49(2)
5,100,000

5,204,703

California Municipal Finance Authority Rev., (River Charter Schools), 5.50%, 6/1/38(2)
800,000

828,272

California Municipal Finance Authority Rev., (River Charter Schools), 5.50%, 6/1/48(2)
1,810,000

1,860,282

California Municipal Finance Authority Rev., (River Charter Schools), 5.50%, 6/1/53(2)
1,805,000

1,843,844

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

938,938

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

1,452,864

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

1,020,072

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

1,864,590

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

3,688,020

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

731,346

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

4,337,240

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

5,230,500

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/27(2)
985,000

1,078,161

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

1,399,339

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

861,319

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

431,644

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

538,025

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

1,050,740

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/41(2)
1,000,000

1,049,550

California School Finance Authority Rev., (Bright Star Schools Obligated Group), 5.00%, 6/1/37(2)
1,800,000

1,826,118

California School Finance Authority Rev., (Bright Star Schools Obligated Group), 5.00%, 6/1/47(2)
1,565,000

1,572,512

California School Finance Authority Rev., (Bright Star Schools Obligated Group), 5.00%, 6/1/54(2)
1,660,000

1,651,783

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

2,505,633

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

1,501,890

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

4,658,706

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

2,000,000

California School Finance Authority Rev., (Ednovate Obligated Group), 5.00%, 6/1/30(2)
325,000

339,394

California School Finance Authority Rev., (Ednovate Obligated Group), 5.00%, 6/1/37(2)
430,000

439,851

California School Finance Authority Rev., (Ednovate Obligated Group), 5.00%, 6/1/48(2)
1,100,000

1,112,892



California School Finance Authority Rev., (Ednovate Obligated Group), 5.00%, 6/1/56(2)
1,000,000

1,004,800

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

1,747,152

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

1,834,322

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/38(2)
1,000,000

1,067,400

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

3,650,640

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/48(2)
1,750,000

1,848,717

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

967,155

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

1,286,390

California School Finance Authority Rev., (Kipp Schools), 4.125%, 7/1/24
420,000

434,406

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

531,165

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

1,274,695

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

736,841

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

1,737,698

California School Finance Authority Rev., (Larchmont Schools), 5.00%, 6/1/33(2)
500,000

521,065

California School Finance Authority Rev., (Larchmont Schools), 5.00%, 6/1/43(2)
550,000

562,216

California School Finance Authority Rev., (Larchmont Schools), 5.00%, 6/1/55(2)
1,000,000

1,011,720

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/21(2)
940,000

959,947

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

527,460

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

897,710

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

1,018,850

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/37(2)
360,000

367,488

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

2,118,522

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/53(2)
1,550,000

1,554,247

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

1,066,200

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

1,971,821

California School Finance Authority Rev., (Summit Public Schools Obligated Group), 4.30%, 6/1/53(2)
2,935,000

2,754,527

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

1,636,260

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

1,054,463

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

5,872,197

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

2,578,208

California State Public Works Board Rev., (State of California Department of Corrections & Rehabilitation), 5.75%, 10/1/31
1,000,000

1,097,620

California State Public Works Board Rev., (State of California Department of Corrections & Rehabilitation), 5.00%, 9/1/39
7,000,000

7,723,030

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

1,556,160

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

2,001,538

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

1,246,416

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

2,531,712

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

2,606,100

California Statewide Communities Development Authority Rev., (California Baptist University), 3.00%, 11/1/22(2)
1,670,000

1,670,367

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

2,617,981

California Statewide Communities Development Authority Rev., (California Baptist University), 5.00%, 11/1/32(2)
3,090,000

3,387,474

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

4,766,795

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

1,080,550

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

1,636,635

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

2,975,915

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

1,322,025



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

1,576,425

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

1,088,500

California Statewide Communities Development Authority Rev., (Independence Support LLC), 7.00%, 6/1/45(3)
7,000,000

4,219,180

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 1.54%, 12/7/18
3,050,000

3,050,000

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 1.54%, 12/7/18
4,345,000

4,345,000

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 1.54%, 12/7/18
9,700,000

9,700,000

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 1.54%, 12/7/18
11,540,000

11,540,000

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

3,680,670

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

2,179,120

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

3,373,010

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

1,038,790

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

1,747,651

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

5,237,350

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

10,139,679

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

4,850,446

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.50%, 12/1/58(2)
14,750,000

15,702,260

California Statewide Communities Development Authority Rev., (Methodist Hospital of Southern California Obligated Group), 5.00%, 1/1/48(4)
10,000,000

10,703,900

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

6,442,280

California Statewide Communities Development Authority Rev., (Viamonte Senior Living 1, Inc.), 3.00%, 7/1/25 (California Mortgage Insurance)
2,500,000

2,527,400

California Statewide Communities Development Authority Rev., (Viamonte Senior Living 1, Inc.), 3.00%, 7/1/26 (California Mortgage Insurance)
2,750,000

2,773,512

California Statewide Communities Development Authority Rev., (Viamonte Senior Living 1, Inc.), 3.00%, 7/1/27 (California Mortgage Insurance)
1,500,000

1,509,690

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

343,896

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

356,867

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

364,036

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

2,049,946

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

4,035,361

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

1,068,270

California Statewide Communities Development Authority Special Tax, 5.00%, 9/1/37
4,330,000

4,604,435

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

1,591,425

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

1,769,361

California Statewide Communities Development Authority Special Tax, 5.00%, 9/1/48
7,330,000

7,854,975

Capistrano Unified School District Community Facilities District Special Tax, 3.20%, 9/1/44
1,610,000

1,346,894

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

1,393,025

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

1,460,373

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

1,529,523

Central Basin Municipal Water District Rev., 5.00%, 8/1/44
5,000,000

5,324,250

Chino Community Facilities District Special Tax, 5.00%, 9/1/43(4)
3,160,000

3,420,100

Chino Community Facilities District Special Tax, 5.00%, 9/1/48(4)
2,500,000

2,695,325

Chula Vista Community Facilities District Special Tax, (Chula Vista Community Facilities District No. 06-1), 5.00%, 9/1/43
595,000

645,081

Chula Vista Community Facilities District Special Tax, (Chula Vista Community Facilities District No. 06-1), 5.00%, 9/1/48
1,000,000

1,081,640



Corona-Norco Unified School District Special Tax, 5.00%, 9/1/43(4)
2,430,000

2,617,596

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

1,976,220

Corona-Norco Unified School District Special Tax, 5.00%, 9/1/48(4)
1,500,000

1,609,560

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

1,095,244

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

2,130,240

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

5,042,374

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

1,016,002

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

1,240,229

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

3,023,862

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

1,328,163

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

3,827,824

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

1,191,201

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

1,364,417

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

1,466,272

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

1,410,982

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

1,487,871

El Dorado County Special Tax, 4.00%, 9/1/43
1,250,000

1,219,213

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

2,284,576

El Dorado County Special Tax, 5.00%, 9/1/48
2,850,000

3,047,476

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

1,366,382

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

1,798,860

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

2,244,496

Elk Grove Finance Authority Special Tax, 5.00%, 9/1/43
1,040,000

1,107,163

Elk Grove Finance Authority Special Tax, 5.00%, 9/1/48
1,250,000

1,325,600

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

667,538

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

1,116,130

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

1,468,698

Folsom Ranch Financing Authority Special Tax, 5.00%, 9/1/47
4,325,000

4,605,000

Folsom Ranch Financing Authority Special Tax, (Folsom CA-Community Facilities District No. 20), 5.00%, 9/1/33
530,000

581,823

Folsom Ranch Financing Authority Special Tax, (Folsom CA-Community Facilities District No. 20), 5.00%, 9/1/38
845,000

911,865

Folsom Ranch Financing Authority Special Tax, (Folsom CA-Community Facilities District No. 20), 5.00%, 9/1/48
1,675,000

1,797,744

Fontana Special Tax, (City of Fontana CA Community Facilities District No. 80 Bella Strada), 5.00%, 9/1/46
1,000,000

1,069,290

Fontana Special Tax, (Fontana Community Facilities District No. 31 Citrus Heights North), 5.00%, 9/1/35
1,365,000

1,496,750

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

4,583,440

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

31,313,425

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

2,018,100

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, VRN, 0.00%, 1/15/42
2,200,000

1,969,704

Foothill-Eastern Transportation Corridor Agency Rev., VRDN, 5.50%, 1/15/23
3,750,000

4,136,325

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

3,199,290

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

2,126,760

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

1,634,985

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

1,099,220

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

1,103,640

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

1,648,350

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

1,691,389

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

7,022,050

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/47
10,000,000

9,618,300

Golden State Tobacco Securitization Corp. Rev., 5.25%, 6/1/47
16,500,000

16,413,540

Golden State Tobacco Securitization Corp. Rev., Capital Appreciation, 0.00%, 6/1/47(1)
45,000,000

7,094,700



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

373,125

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

2,217,222

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

1,144,291

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

2,863,532

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

1,828,826

Independent Cities Finance Authority Rev., 5.00%, 10/15/47
4,000,000

4,144,600

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

2,609,175

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

1,031,610

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

1,541,295

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

2,718,650

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

1,227,272

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

768,467

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

653,502

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

762,097

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

379,918

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

1,605,195

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

1,057,090

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

527,495

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

4,735,620

Irvine Special Tax, (Irvine Community Facilities District No. 2013-3), 5.00%, 9/1/43
2,500,000

2,717,750

Irvine Special Tax, (Irvine Community Facilities District No. 2013-3), 5.00%, 9/1/48
4,250,000

4,607,722

Irvine Special Tax, (Irvine Community Facilities District No. 2013-3), 5.00%, 9/1/51 (AGM)
1,250,000

1,383,338

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

614,273

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

781,802

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

464,407

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

547,750

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

542,619

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

3,726,590

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

260,978

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

1,711,957

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

1,041,080

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

1,089,500

Jurupa Unified School District Special Tax, 5.00%, 9/1/33
1,220,000

1,319,601

Jurupa Unified School District Special Tax, 5.00%, 9/1/38
1,000,000

1,061,710

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

1,161,901

Jurupa Unified School District Special Tax, 5.00%, 9/1/43
1,255,000

1,323,209

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

957,090

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

1,137,114

Lake Elsinore Special Tax, (Lake Elsinore Community Facilities District No. 2016-2), 5.00%, 9/1/43
2,470,000

2,673,726

Lake Elsinore Special Tax, (Lake Elsinore Community Facilities District No. 2016-2), 5.00%, 9/1/48
3,640,000

3,921,918

Lake Elsinore Facilities Financing Authority Special Tax, 4.00%, 9/1/44
535,000

520,699

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

569,796

Lake Elsinore Public Financing Authority Special Tax, 5.00%, 9/1/40
1,925,000

2,052,878

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

588,240

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

873,000

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

509,121

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

567,665

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

1,445,691

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

1,667,267



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

1,406,275

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

3,987,112

Long Beach Bond Finance Authority Rev., 5.50%, 11/15/37
1,150,000

1,443,066

Los Angeles Community Facilities District Special Tax, 6.40%, 9/1/22
620,000

621,420

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

1,128,540

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

1,219,128

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

1,365,800

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

2,037,769

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

3,912,930

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

383,646

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

1,309,424

M-S-R Energy Authority Rev., 7.00%, 11/1/34
1,700,000

2,372,775

M-S-R Energy Authority Rev., 6.50%, 11/1/39
4,000,000

5,486,480

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/21
125,000

132,475

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/21
215,000

227,390

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/22
100,000

107,428

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/22
225,000

241,216

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/23
100,000

108,866

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/23
110,000

119,348

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/24
250,000

273,145

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/25
175,000

192,731

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/25
260,000

285,025

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/26
135,000

149,684

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/26
115,000

127,179

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/27
100,000

110,731

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/28
100,000

111,694

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/28
100,000

110,413

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/33
340,000

372,817

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/33
250,000

271,043

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/38
400,000

431,988

Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/38
250,000

266,458

Menifee Union School District Special Tax, 5.00%, 9/1/43
1,000,000

1,076,620

Menifee Union School District Special Tax, 5.00%, 9/1/48
1,500,000

1,609,920

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

1,356,336

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

861,606

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

447,035

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

368,748

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

4,303,360

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

699,887

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

879,038

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

1,854,333

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

2,813,461

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

1,902,670

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

2,093,286

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

1,258,453

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

164,002

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

384,611

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

319,634

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

404,400



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

2,774,820

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

1,193,190

Northern Inyo County Local Hospital District Rev., 3.875%, 12/1/27
4,065,000

4,015,326

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

436,929

Ontario Community Facilities District No. 24 Special Tax, 5.00%, 9/1/41
2,065,000

2,196,953

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

1,059,800

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

1,067,010

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

531,615

Ontario Community Facilities District No. 30 Special Tax, 4.00%, 9/1/42
1,395,000

1,359,400

Ontario Community Facilities District No. 30 Special Tax, 4.00%, 9/1/48
2,000,000

1,925,740

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

1,120,361

Ontario Community Facilities District No. 34 Special Tax, 4.00%, 9/1/48
1,000,000

968,640

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

4,305,600

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

10,591,100

Orange County Community Facilities District Special Tax, 5.00%, 8/15/47
2,550,000

2,725,644

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

3,045,020

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

444,496

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

550,620

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

1,002,983

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

717,672

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

4,319,240

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/36
8,465,000

9,002,443

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/27
2,005,000

2,229,841

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/30
3,000,000

3,276,990

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/31
2,125,000

2,297,189

Palomar Health Rev., (Palomar Health Obligated Group), 4.00%, 11/1/39
8,875,000

8,572,895

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/39
8,250,000

8,720,085

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/42
10,000,000

10,559,300

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

1,210,914

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

1,118,460

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

1,459,859

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

1,690,192

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

5,066,540

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

5,816,602

Poway Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/34
995,000

1,066,590

Poway Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/35
990,000

1,057,587

Poway Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/36
1,245,000

1,326,946

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

421,000

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

689,436

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

531,875

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

1,053,030

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

444,274

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

1,315,136

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

1,375,164

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

2,991,990

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

1,270,739

Rancho Cordova Special Tax, 4.00%, 9/1/45
1,025,000

995,408

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

1,325,425

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

431,556



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

837,502

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

2,481,053

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

2,751,399

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

1,959,252

Rio Vista Community Facilities District Special Tax, 5.00%, 9/1/38
1,070,000

1,156,456

Rio Vista Community Facilities District Special Tax, 5.00%, 9/1/48
1,190,000

1,275,228

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

3,698,205

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

5,283,150

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

1,089,317

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

2,631,560

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

2,424,375

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

3,114,750

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

1,186,912

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

2,941,903

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

575,780

Riverside County Community Facilities Districts Special Tax, 5.00%, 9/1/48(4)
2,500,000

2,668,350

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

544,000

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

689,700

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

1,086,968

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

1,557,300

Riverside Unified School District Special Tax, (Riverside Unified School District Community Facilities District No. 32), 4.00%, 9/1/43
1,600,000

1,553,376

Riverside Unified School District Special Tax, (Riverside Unified School District Community Facilities District No. 32), 4.00%, 9/1/48
1,850,000

1,781,310

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

5,027,848

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

3,094,416

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

1,343,288

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

2,773,795

Romoland School District Special Tax, (Romoland School District Community Facilities District No. 2004-1 Heritage Lake), 5.00%, 9/1/43
3,000,000

3,239,910

Romoland School District Special Tax, (Romoland School District Community Facilities District No. 2004-1 Heritage Lake), 5.00%, 9/1/48
3,250,000

3,493,587

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

1,341,178

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

1,333,800

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

1,783,930

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

6,794,450

Roseville Special Tax, (Westbrook Community Facilities District No. 1), 5.00%, 9/1/44
1,650,000

1,737,252

Roseville Special Tax, (Westbrook Community Facilities District No. 1), 5.00%, 9/1/43
2,840,000

3,079,043

Roseville Special Tax, (Westbrook Community Facilities District No. 1), 5.00%, 9/1/48
2,030,000

2,195,729

Roseville Natural Gas Financing Authority Rev., 5.00%, 2/15/27
5,000,000

5,679,000

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

2,021,410

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

2,384,550

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

1,955,442

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

1,108,890

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

1,290,931

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

1,489,714

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

727,989

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

2,530,790

Sacramento County Special Tax, 5.00%, 9/1/40
2,325,000

2,479,938

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

3,212,430



Sacramento County Special Tax, 5.00%, 9/1/45
4,645,000

4,929,135

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

3,587,423

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

1,168,244

San Bernardino County Special Tax, (County of San Bernardino CA Community Facilities District No. 2002-1), 5.00%, 9/1/33
3,000,000

3,214,350

San Bernardino County Special Tax, (County of San Bernardino CA Community Facilities District No. 2002-1), 4.00%, 9/1/42
700,000

682,136

San Bernardino County Special Tax, (County of San Bernardino CA Community Facilities District No. 2002-1), 4.00%, 9/1/48
1,000,000

961,230

San Bernardino County Special Tax, (San County Bernardino Community Facilities District No. 2006-1), 5.00%, 9/1/43
1,300,000

1,403,961

San Bernardino County Special Tax, (San County Bernardino Community Facilities District No. 2006-1), 5.00%, 9/1/48
1,200,000

1,294,956

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

4,229,667

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

2,735,667

San Buenaventura Rev., (Community Memorial Health System), 7.50%, 12/1/41
11,100,000

12,105,327

San Clemente Special Tax, 5.00%, 9/1/46
7,620,000

8,070,571

San Diego Special Tax, 5.00%, 9/1/37
975,000

1,043,328

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

964,650

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

602,217

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

820,388

San Diego County Special Tax, (San County Diego Community Facilities District No. 2008-01), 4.00%, 9/1/43
1,255,000

1,229,800

San Diego County Special Tax, (San County Diego Community Facilities District No. 2008-01), 4.00%, 9/1/48
1,250,000

1,211,838

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

337,476

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

1,071,644

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

559,680

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

1,644,735

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

2,196,840

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

423,657

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

607,174

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

741,813

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

814,758

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

835,725

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

1,404,700

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

862,797

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

1,046,660

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

294,033

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

1,196,694

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

1,282,549

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

489,042

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

1,389,261

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

362,423

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

6,399,600

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

2,520,482

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

110,981

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

9,809,120

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

168,789

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

637,062

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

549,710

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

2,406,397

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

1,336,300

Santaluz Community Facilities District No. 2 Special Tax, 5.10%, 9/1/30
465,000

496,941

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

1,617,839



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

1,311,113

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

1,317,720

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

11,572,800

Silicon Valley Tobacco Securitization Authority Rev., Capital Appreciation, 0.00%, 6/1/41(1)
11,465,000

2,884,823

Southern California Public Power Authority Rev., 5.25%, 11/1/19
2,445,000

2,513,338

Southern California Public Power Authority Rev., 5.00%, 11/1/33
3,755,000

4,395,828

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

1,411,506

State of California GO, 5.00%, 11/1/19
4,500,000

4,638,195

State of California GO, 5.00%, 10/1/24
14,590,000

16,826,063

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

5,473,550

State of California GO, VRN, 2.69%, (MUNIPSA plus 1.00%), 5/1/19
800,000

800,224

State of California GO, VRN, 2.84%, (MUNIPSA plus 1.15%), 5/1/20
960,000

968,352

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

2,507,380

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

1,973,020

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

2,036,230

Stockton Public Financing Authority Rev., (Stockton Water Rev.), 5.00%, 10/1/33 (BAM)
1,000,000

1,144,880

Stockton Public Financing Authority Rev., (Stockton Water Rev.), 5.00%, 10/1/34 (BAM)
1,000,000

1,139,400

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

5,235,985

Sulphur Springs Union School District Special Tax, (Sulphur Springs School District Community Facilities District No. 2006-1), 5.00%, 9/1/43
1,410,000

1,508,771

Sulphur Springs Union School District Special Tax, (Sulphur Springs School District Community Facilities District No. 2006-1), 5.00%, 9/1/47
1,820,000

1,941,958

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

6,514,820

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

2,473,213

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

1,980,107

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

4,243,800

Temecula Valley Unified School District Community Facilities District Special Tax, (Temecula Valley Unified School District Community Facilities District No. 2014-1), 5.00%, 9/1/43
1,000,000

1,084,170

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

2,008,840

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

2,149,200

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

4,346,250

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

2,249,910

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

14,119,435

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

2,868,250

Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/43
2,500,000

2,704,950

Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/48
2,750,000

2,969,010

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

3,106,118

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

2,333,282

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

2,195,970

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

554,160

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

575,115

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

467,352

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

3,545,118

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

1,179,145

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

2,351,536

University of California Rev., VRDN, 1.48%, 12/3/18
3,700,000

3,700,000

University of California Rev., VRDN, 1.50%, 12/3/18
1,100,000

1,100,000



Upland COP, (San Antonio Regional Hospital Obligated Group), 4.00%, 1/1/42
3,000,000

2,935,470

Upland COP, (San Antonio Regional Hospital Obligated Group), 5.00%, 1/1/47
2,500,000

2,709,475

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

1,852,655

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

446,308

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

999,430

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

757,553

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

1,017,840

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

3,734,290

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

1,434,416

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

2,488,932

Woodland Special Tax, 4.00%, 9/1/41
2,745,000

2,700,531

Woodland Special Tax, 4.00%, 9/1/45
2,750,000

2,679,270

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

1,257,900

 
 
1,175,070,300

Guam — 1.1%
 
 
Guam Government Rev., 5.125%, 1/1/42
1,000,000

1,029,430

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

885,496

Guam Government Power Authority Rev., 5.00%, 10/1/36
1,940,000

2,071,144

Guam Government Power Authority Rev., 5.00%, 10/1/37
1,575,000

1,677,296

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

3,270,875

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

3,117,060

Port Authority of Guam Government Rev., 5.00%, 7/1/48
1,500,000

1,606,890

 
 
13,658,191

U.S. Virgin Islands — 0.2%
 
 
Virgin Islands Public Finance Authority Rev., 5.00%, 9/1/33(2)
2,500,000

2,607,400

TOTAL INVESTMENT SECURITIES — 99.7%
(Cost $1,178,650,822)
 
1,191,335,891

OTHER ASSETS AND LIABILITIES — 0.3%
 
3,237,024

TOTAL NET ASSETS — 100.0%
 
$
1,194,572,915


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
MUNIPSA
-
SIFMA Municipal Swap Index
NATL
-
National Public Finance Guarantee Corporation
VRDN
-
Variable Rate Demand Note. The instrument may be payable upon demand and adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The date of the demand feature is disclosed.
VRN
-
Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated.
(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 $147,439,209, which represented 12.3% of total net assets.
(3)
Security is in default.
(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.



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 exchange.
 
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.
 
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, 2018






amcentlogoa61.jpg



California Intermediate-Term Tax-Free Bond - Schedule of Investments
NOVEMBER 30, 2018 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
MUNICIPAL SECURITIES — 101.0%
 
 
California — 100.6%
 
 
91 Express Lanes Toll Road Rev., 5.00%, 8/15/24
1,000,000

1,132,910

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

1,129,560

ABAG Finance Authority for Nonprofit Corps. Rev., (Sharp Healthcare Obligated Group), 6.25%, 8/1/19, Prerefunded at 100% of Par(1)
1,200,000

1,236,444

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

3,857,315

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

1,604,106

ABAG Finance Authority for Nonprofit Corps. Special Tax, 5.00%, 9/2/28 (AGM)
2,630,000

3,093,222

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

1,617,868

ABAG Finance Authority for Nonprofit Corps. Special Tax, 5.00%, 9/2/32 (AGM)
495,000

569,765

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

3,180,968

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

1,087,570

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/24
7,000,000

7,889,490

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/34
1,500,000

1,652,775

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/35
3,000,000

3,292,650

Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/36
2,000,000

2,186,520

Alameda Corridor Transportation Authority Rev., Capital Appreciation, 0.00%, 10/1/32 (NATL)(2)
1,000,000

591,050

Alameda Corridor Transportation Authority Rev., Capital Appreciation, 0.00%, 10/1/35 (NATL)(2)
12,750,000

6,494,340

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

2,846,275

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

2,530,300

Anaheim Public Financing Authority Rev., 5.375%, 4/1/21, Prerefunded at 100% of Par(1)
1,000,000

1,082,930

Anaheim Public Financing Authority Rev., 5.00%, 10/1/22, Prerefunded at 100% of Par(1)
1,200,000

1,339,884

Anaheim Public Financing Authority Rev., 5.00%, 10/1/22, Prerefunded at 100% of Par(1)
2,275,000

2,540,197

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

1,148,780

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

1,246,201

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

1,410,712

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

1,518,780

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

1,715,323

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

4,625,880

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

569,497

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

859,700

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

489,609

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

815,486

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

1,029,178

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

9,345,814

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

1,649,955

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

3,840,410

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

7,854,642

Bay Area Toll Authority Rev., 5.00%, 10/1/54
5,000,000

5,404,700

Bay Area Toll Authority Rev., VRDN, 2.39%, (MUNIPSA plus 0.70%), 10/1/19
1,550,000

1,551,674

Bay Area Toll Authority Rev., VRDN, 2.00%, 4/1/21
2,000,000

1,995,160

Bay Area Toll Authority Rev., VRDN, 2.79%, (MUNIPSA plus 1.10%), 4/1/24
3,750,000

3,844,012

Bay Area Toll Authority Rev., VRDN, 2.94%, (MUNIPSA plus 1.25%), 4/1/27
4,000,000

4,157,520

Brea Redevelopment Agency Tax Allocation, Capital Appreciation, VRN, 0.00%, 8/1/33
1,500,000

1,376,715



Brea Redevelopment Agency Tax Allocation, Capital Appreciation, VRN, 0.00%, 8/1/34
1,785,000

1,629,937

California Community College Financing Authority Rev., (NCCD-Orange Coast Properties LLC), 5.00%, 5/1/28
275,000

308,050

California Community College Financing Authority Rev., (NCCD-Orange Coast Properties LLC), 5.00%, 5/1/29
800,000

890,040

California Community College Financing Authority Rev., (NCCD-Orange Coast Properties LLC), 5.00%, 5/1/32
875,000

961,012

California Community College Financing Authority Rev., (NCCD-Orange Coast Properties LLC), 5.00%, 5/1/33
600,000

655,992

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

4,004,640

California Educational Facilities Authority Rev., 5.00%, 10/1/21(1)
365,000

396,284

California Educational Facilities Authority Rev., 5.00%, 10/1/21(1)
385,000

418,553

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

804,270

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

1,065,194

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

1,549,982

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

863,415

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

2,164,120

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

920,424

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

351,642

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

931,368

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

1,397,678

California Educational Facilities Authority Rev., (Loyola Marymount University), 5.00%, 10/1/34
490,000

564,965

California Educational Facilities Authority Rev., (Loyola Marymount University), 5.00%, 10/1/35
625,000

716,144

California Educational Facilities Authority Rev., (Loyola Marymount University), 5.00%, 10/1/37
745,000

846,208

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

320,029

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

288,890

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

352,886

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

352,262

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

286,330

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

681,084

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

340,658

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

2,222,925

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

1,694,340

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

3,346,650

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

2,452,612

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

1,687,104

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

3,521,280

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

7,007,220

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

3,106,539

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

459,480

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

5,206,200

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

3,485,816

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

1,365,144

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

578,395

California Health Facilities Financing Authority Rev., (Kaiser Credit Group), VRDN, 5.00%, 11/1/22
2,200,000

2,441,516

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

6,449,692

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)(1)
1,455,000

1,455,000

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

1,533,465

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

1,170,601

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

2,045,020



California Health Facilities Financing Authority Rev., (Providence St. Joseph Health Obligated Group), VRDN, 2.00%, 10/1/25
3,500,000

3,397,205

California Health Facilities Financing Authority Rev., (Stanford Health Care Obligated Group), 5.00%, 11/15/20, Prerefunded at 100% of Par(1)
2,000,000

2,124,680

California Health Facilities Financing Authority Rev., (Stanford Health Care Obligated Group), 5.00%, 11/15/22
1,000,000

1,119,190

California Health Facilities Financing Authority Rev., (Stanford Health Care Obligated Group), 5.00%, 11/15/25
2,500,000

2,961,400

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 6.00%, 8/15/20, Prerefunded at 100% of Par(1)
2,500,000

2,680,325

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

1,785,300

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

3,367,883

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/22
2,250,000

2,511,810

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/24
2,885,000

3,351,476

California Health Facilities Financing Authority Rev., (Sutter Health Obligated Group), 5.00%, 11/15/26
1,500,000

1,797,300

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

2,293,120

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

1,995,332

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

1,702,395

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

2,309,640

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

1,141,148

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

1,357,878

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

1,123,410

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

1,532,989

California Infrastructure & Economic Development Bank Rev., (California Academy of Sciences), VRDN, 2.02%, (70% of the 1-month LIBOR plus 0.38%), 8/1/21
9,000,000

9,002,790

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

931,232

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

1,446,225

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

1,147,200

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

914,304

California Infrastructure & Economic Development Bank Rev., (Colburn School), VRDN, 2.69%, (MUNIPSA plus 1.00%), 6/1/20
5,310,000

5,346,002

California Infrastructure & Economic Development Bank Rev., (J. Paul Getty Trust), VRDN, 2.15%, (70% of the 3-month LIBOR plus 0.37%), 4/1/20
3,000,000

3,008,370

California Infrastructure & Economic Development Bank Rev., (J. Paul Getty Trust), VRDN, 1.81%, (70% of the 1-month LIBOR plus 0.20%), 4/1/21
7,500,000

7,510,500

California Infrastructure & Economic Development Bank Rev., (Museum Associates), VRDN, 2.29%, (70% of the 1-month LIBOR plus 0.65%), 2/1/21
5,000,000

5,019,950

California Infrastructure & Economic Development Bank Rev., (Segerstrom Center for the Arts), 5.00%, 1/1/25
3,500,000

4,025,840

California Municipal Finance Authority Rev., 5.00%, 6/1/37
2,990,000

3,400,946

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

757,295

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

1,251,012

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

515,820

California Municipal Finance Authority Rev., (California Baptist University), 5.00%, 11/1/36(3)
1,000,000

1,073,500

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/22
250,000

274,188

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/23
225,000

250,952

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/24
275,000

310,610

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/25
275,000

313,990

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/26
300,000

344,943

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/27
300,000

347,214

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/28
150,000

174,803

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/29
225,000

260,341

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/30
225,000

258,698



California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/31
200,000

229,046

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/32
225,000

256,865

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/33
225,000

255,650

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/34
250,000

282,715

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/35
225,000

253,442

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/36
250,000

280,275

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/37
275,000

307,335

California Municipal Finance Authority Rev., (California Lutheran University), 5.00%, 10/1/38
300,000

334,221

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

1,149,440

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

1,079,470

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

572,551

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

2,187,685

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/26
1,000,000

1,149,270

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

613,468

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

1,236,863

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

823,538

California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/29
4,130,000

4,723,027

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

1,114,520

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

1,137,000

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

4,414,021

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

1,530,973

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

5,377,650

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

616,646

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

1,853,280

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

2,283,365

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

1,814,944

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/29
2,100,000

2,365,671

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/30
1,000,000

1,120,990

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/31
1,000,000

1,116,720

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/31
1,335,000

1,490,821

California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/34
1,500,000

1,655,775

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

2,509,650

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

3,368,520

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/29
1,350,000

1,534,356

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/31
1,480,000

1,667,235

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/33
1,040,000

1,162,086

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

1,111,630

California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/35
1,065,000

1,178,657

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

793,325

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

1,099,410

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

1,005,700



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

1,689,542

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

1,041,040

California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.25%, 11/1/36
1,500,000

1,611,975

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

322,128

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

1,065,480

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

1,065,820

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

807,933

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

1,168,540

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

1,171,770

California Municipal Finance Authority Rev., VRDN, 2.04%, (MUNIPSA plus 0.35%), 12/1/20
3,500,000

3,503,745

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

539,860

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

1,065,780

California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 3.00%, 7/1/19(3)
1,025,000

1,028,013

California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 3.00%, 7/1/20(3)
1,115,000

1,121,657

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

7,359,940

California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/41(3)
1,200,000

1,259,460

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/21(3)
100,000

105,726

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/22(3)
165,000

177,057

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/23(3)
175,000

189,945

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/24(3)
160,000

174,965

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/25(3)
150,000

164,843

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/26(3)
150,000

165,737

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/27(3)
160,000

177,534

California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/28(3)
190,000

211,366

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/26(3)
500,000

527,460

California School Finance Authority Rev., (Rocketship Education Obligated Group), 4.50%, 6/1/27(3)
380,000

388,732

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/34(3)
670,000

687,232

California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.125%, 6/1/47(3)
635,000

645,859

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

2,160,970

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

2,472,353

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

2,068,200

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

2,607,650

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

3,209,280

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

1,114,490

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

2,187,080

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

1,963,512

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

3,275,250

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

1,743,806

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

2,126,827

California State Public Works Board Rev., (State of California Department of Corrections & Rehabilitation), 5.00%, 9/1/25
5,000,000

5,729,050

California State Public Works Board Rev., (State of California Department of General Services), 5.00%, 5/1/27
5,000,000

5,750,600

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

1,030,060

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

1,328,087

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

1,091,610

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

5,434,300

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

2,397,800

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

1,191,700

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

3,529,410

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

3,388,331



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

1,982,680

California State University Rev., 4.00%, 11/1/34
10,000,000

10,457,300

California State University Rev., VRDN, 4.00%, 11/1/23
4,000,000

4,304,720

California Statewide Communities Development Authority COP, (Salinas), 5.00%, 12/1/31 (AGM)
1,155,000

1,362,172

California Statewide Communities Development Authority COP, (Salinas), 5.00%, 12/1/34 (AGM)
1,340,000

1,558,219

California Statewide Communities Development Authority COP, (Salinas), 5.00%, 12/1/38 (AGM)
1,000,000

1,143,660

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

1,331,598

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

912,744

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

870,248

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

1,176,290

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

1,853,733

California Statewide Communities Development Authority Rev., (Adventist Health System / West Obligated Group), 5.00%, 3/1/31
740,000

863,713

California Statewide Communities Development Authority Rev., (Adventist Health System / West Obligated Group), 5.00%, 3/1/32
900,000

1,044,945

California Statewide Communities Development Authority Rev., (Adventist Health System / West Obligated Group), 5.00%, 3/1/33
1,250,000

1,446,075

California Statewide Communities Development Authority Rev., (Adventist Health System / West Obligated Group), 5.00%, 3/1/34
1,000,000

1,151,100

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

801,737

California Statewide Communities Development Authority Rev., (Adventist Health System / West Obligated Group), 5.00%, 3/1/35
1,475,000

1,691,604

California Statewide Communities Development Authority Rev., (American Baptist Homes of the West Obligated Group), 5.00%, 10/1/22
1,065,000

1,150,999

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

1,298,145

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

2,159,320

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

1,097,960

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

1,114,700

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

2,173,209

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

2,304,323

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

1,398,900

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

2,160,209

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

1,296,660

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/21
1,000,000

1,072,120

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/22
300,000

328,509

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

520,139

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/23
300,000

334,425

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

668,850

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

848,603

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/25
300,000

343,557

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

904,608

California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/26
325,000

375,567



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

2,106,766

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

1,057,620

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

235,908

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

313,797

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

165,557

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

141,950

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

192,346

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

3,037,440

California Statewide Communities Development Authority Rev., (John Muir Health), 5.00%, 7/1/19, Prerefunded at 100% of Par(1)
2,225,000

2,267,831

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

8,926,596

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 1.54%, 12/7/18
16,150,000

16,150,000

California Statewide Communities Development Authority Rev., (Lancer Educational Housing LLC), 4.00%, 6/1/21(3)
5,335,000

5,418,386

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

3,092,160

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/26(3)
5,000,000

5,447,800

California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/33(3)
1,000,000

1,058,590

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

3,635,765

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

1,136,505

California Statewide Communities Development Authority Rev., (Marin General Hospital), 5.00%, 8/1/30
500,000

583,070

California Statewide Communities Development Authority Rev., (Marin General Hospital), 5.00%, 8/1/32
675,000

782,035

California Statewide Communities Development Authority Rev., (Marin General Hospital), 5.00%, 8/1/33
450,000

519,089

California Statewide Communities Development Authority Rev., (Marin General Hospital), 5.00%, 8/1/34
625,000

717,606

California Statewide Communities Development Authority Rev., (Marin General Hospital), 5.00%, 8/1/35
725,000

829,386

California Statewide Communities Development Authority Rev., (Marin General Hospital), 5.00%, 8/1/36
700,000

796,824

California Statewide Communities Development Authority Rev., (Marin General Hospital), 5.00%, 8/1/37
500,000

568,440

California Statewide Communities Development Authority Rev., (Marin General Hospital), 5.00%, 8/1/38
500,000

565,140

California Statewide Communities Development Authority Rev., (Methodist Hospital of Southern California Obligated Group), 5.00%, 1/1/33(4)
2,000,000

2,216,320

California Statewide Communities Development Authority Rev., (Methodist Hospital of Southern California Obligated Group), 5.00%, 1/1/35(4)
5,175,000

5,669,005

California Statewide Communities Development Authority Rev., (Methodist Hospital of Southern California Obligated Group), 5.00%, 1/1/36(4)
4,560,000

4,973,911

California Statewide Communities Development Authority Rev., (Methodist Hospital of Southern California Obligated Group), 5.00%, 1/1/38(4)
3,825,000

4,145,458

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

1,127,450

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

673,446

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

967,449

California Statewide Communities Development Authority Rev., (Southern California Edison Co.), VRDN, 2.625%, 12/1/23
4,750,000

4,661,317

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

2,241,210

California Statewide Communities Development Authority Rev., (Viamonte Senior Living 1, Inc.), 3.00%, 7/1/25 (California Mortgage Insurance)
2,500,000

2,527,400

California Statewide Communities Development Authority Rev., (Viamonte Senior Living 1, Inc.), 3.00%, 7/1/26 (California Mortgage Insurance)
2,750,000

2,773,512

California Statewide Communities Development Authority Rev., (Viamonte Senior Living 1, Inc.), 3.00%, 7/1/27 (California Mortgage Insurance)
1,500,000

1,509,690

California Statewide Communities Development Authority Special Tax, 4.25%, 9/1/21
1,130,000

1,174,432

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

955,203



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

2,420,155

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

821,248

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

829,447

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

1,330,789

Chabot-Las Positas Community College District GO, 4.00%, 8/1/19
3,500,000

3,555,440

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

3,497,625

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

1,360,337

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

3,010,282

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

2,128,611

Clovis Unified School District GO, Capital Appreciation, 0.00%, 8/1/24 (NATL)(2)
5,935,000

5,153,776

Commerce Community Development Commission Successor Agency Tax Allocation, 5.00%, 8/1/19
1,300,000

1,327,326

Commerce Community Development Commission Successor Agency Tax Allocation, 5.00%, 8/1/20
915,000

961,683

Commerce Community Development Commission Successor Agency Tax Allocation, 5.00%, 8/1/21
500,000

537,635

Commerce Community Development Commission Successor Agency Tax Allocation, 5.00%, 8/1/22
350,000

385,224

Commerce Community Development Commission Successor Agency Tax Allocation, 5.00%, 8/1/23 (AGM)
600,000

674,088

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

1,191,160

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

1,476,062

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

1,175,180

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

1,289,229

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

1,362,705

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

702,979

East Side Union High School District GO, 5.00%, 8/1/25
1,405,000

1,553,719

Fontana Special Tax, 4.00%, 9/1/19
390,000

395,125

Fontana Special Tax, 5.00%, 9/1/20
545,000

569,961

Fontana Special Tax, 5.00%, 9/1/22
520,000

564,782

Fontana Special Tax, 5.00%, 9/1/24
575,000

639,383

Fontana Special Tax, (Fontana Community Facilities District No. 31 Citrus Heights North), 4.00%, 9/1/28
750,000

788,933

Fontana Special Tax, (Fontana Community Facilities District No. 31 Citrus Heights North), 4.00%, 9/1/29
555,000

577,716

Fontana Special Tax, (Fontana Community Facilities District No. 31 Citrus Heights North), 4.00%, 9/1/30
1,110,000

1,142,479

Fontana Special Tax, (Fontana Community Facilities District No. 31 Citrus Heights North), 4.00%, 9/1/31
925,000

945,202

Fontana Special Tax, (Fontana Community Facilities District No. 31 Citrus Heights North), 4.00%, 9/1/32
1,000,000

1,018,560

Fontana Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/32
1,195,000

1,397,684

Foothill-Eastern Transportation Corridor Agency Rev., 6.25%, 1/15/33
3,750,000

4,289,250

Foothill-Eastern Transportation Corridor Agency Rev., 6.50%, 1/15/43
500,000

572,930

Foothill-Eastern Transportation Corridor Agency Rev., 5.75%, 1/15/46
1,000,000

1,115,880

Foothill-Eastern Transportation Corridor Agency Rev., 6.00%, 1/15/49
6,250,000

7,116,687

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/33(2)
750,000

402,983

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/42(2)
6,070,000

2,041,644

Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, VRN, 0.00%, 1/15/42
2,300,000

2,059,236

Foothill-Eastern Transportation Corridor Agency Rev., VRDN, 5.00%, 1/15/20
5,000,000

5,082,000

Foothill-Eastern Transportation Corridor Agency Rev., VRDN, 5.50%, 1/15/23
3,750,000

4,136,325

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/24 (AGM)
1,350,000

1,530,225

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/26 (AGM)
1,650,000

1,910,716

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/28 (AGM)
1,400,000

1,625,372

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/29 (AGM)
1,000,000

1,153,430

Fresno Joint Powers Financing Authority Rev., 5.00%, 4/1/30 (AGM)
1,350,000

1,548,868

Garden Grove Agency Community Development Successor Agency Tax Allocation, 5.00%, 10/1/22 (BAM)
500,000

553,280

Garden Grove Agency Community Development Successor Agency Tax Allocation, 5.00%, 10/1/23 (BAM)
500,000

564,270

Golden Empire Schools Financing Authority Rev., (Kern High School District), 5.00%, 5/1/21
3,000,000

3,215,400



Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/19
3,450,000

3,504,130

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/19
1,000,000

1,015,690

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/20
1,000,000

1,040,270

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/20
1,000,000

1,044,020

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/21
1,000,000

1,069,030

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/22
2,070,000

2,244,170

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/23
3,000,000

3,306,030

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/24
7,435,000

8,104,076

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

6,621,840

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/27
7,960,000

8,818,247

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/28
2,000,000

2,200,220

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/29
4,000,000

4,379,000

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/29
6,650,000

7,307,685

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/30
1,000,000

1,097,120

Golden State Tobacco Securitization Corp. Rev., 3.50%, 6/1/36
9,500,000

9,321,780

Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/47
2,500,000

2,400,025

Golden State Tobacco Securitization Corp. Rev., 5.25%, 6/1/47
2,500,000

2,486,900

Golden State Tobacco Securitization Corp. Rev., Capital Appreciation, 0.00%, 6/1/25(2)
3,000,000

2,540,100

Grossmont-Cuyamaca Community College District GO, 5.25%, 8/1/27
750,000

853,718

Hayward Area Recreation & Park District COP, 5.125%, 1/1/24, Prerefunded at 100% of Par(1)
2,750,000

3,167,037

Hesperia Community Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/33 (AGM)
4,195,000

4,891,664

Huntington Beach Union High School District GO, 5.00%, 8/1/26
3,030,000

3,425,657

Inglewood Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 5/1/22 (BAM)
350,000

382,865

Inglewood Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 5/1/23 (BAM)
1,000,000

1,117,100

Inglewood Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 5/1/25 (BAM)
1,500,000

1,732,875

Inglewood Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 5/1/38 (BAM)
500,000

556,265

Inglewood Unified School District GO, 4.00%, 8/1/21 (BAM)
400,000

418,124

Inglewood Unified School District GO, 5.00%, 8/1/29 (BAM)
235,000

267,308

Inglewood Unified School District GO, 5.00%, 8/1/31 (BAM)
500,000

562,785

Inglewood Unified School District GO, 5.00%, 8/1/32 (BAM)
500,000

560,830

Inglewood Unified School District GO, 5.00%, 8/1/34 (BAM)
300,000

333,471

Inglewood Unified School District GO, 5.00%, 8/1/35 (BAM)
855,000

947,408

Inglewood Unified School District GO, 5.00%, 8/1/37 (BAM)
500,000

550,380

Inland Valley Development Agency Tax Allocation, 5.25%, 9/1/37
1,665,000

1,840,907

Inland Valley Development Agency Tax Allocation, 5.00%, 9/1/44
1,765,000

1,899,228

Irvine Special Assessment, 4.00%, 9/2/19
2,000,000

2,033,540

Irvine Special Assessment, 4.00%, 9/2/19
1,375,000

1,398,059

Irvine Special Assessment, 5.00%, 9/2/26
1,500,000

1,774,080

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

1,057,090

Irvine Unified School District Special Tax, 5.00%, 9/1/21
1,500,000

1,600,365

Irvine Unified School District Special Tax, 5.00%, 9/1/23
1,135,000

1,246,162

Irvine Unified School District Special Tax, 5.00%, 9/1/25
1,330,000

1,485,184

Irvine Unified School District Special Tax, 5.00%, 9/1/26
640,000

720,282

Irvine Unified School District Special Tax, 4.00%, 9/1/36 (AGM)
1,500,000

1,545,735

Jurupa Public Financing Authority Special Tax, 5.00%, 9/1/23
625,000

702,700

Jurupa Public Financing Authority Special Tax, 5.00%, 9/1/24
680,000

777,968

Jurupa Public Financing Authority Special Tax, 5.00%, 9/1/25
1,000,000

1,140,670

Jurupa Unified School District GO, 5.00%, 8/1/37
1,075,000

1,230,015

La Quinta Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/19
1,150,000

1,177,910



La Quinta Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/20
1,045,000

1,102,423

La Quinta Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/31
4,265,000

4,842,609

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/20
640,000

662,874

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/21
315,000

332,271

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/22
225,000

240,926

La Verne COP, (Brethren Hillcrest Homes), 5.00%, 5/15/29
635,000

662,661

Lancaster Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/24 (AGM)
435,000

497,744

Lancaster Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/25 (AGM)
600,000

698,274

Long Beach Bond Finance Authority Rev., 5.00%, 11/15/35
1,545,000

1,832,895

Long Beach Bond Finance Authority Rev., 5.50%, 11/15/37
695,000

872,114

Long Beach Harbor Rev., 5.00%, 12/15/20
6,250,000

6,662,500

Long Beach Marina System Rev., 5.00%, 5/15/23
650,000

708,539

Long Beach Marina System Rev., 5.00%, 5/15/24
1,380,000

1,519,173

Long Beach Marina System Rev., 5.00%, 5/15/25
500,000

554,805

Long Beach Marina System Rev., 5.00%, 5/15/27
800,000

890,176

Long Beach Marina System Rev., 5.00%, 5/15/28
600,000

665,406

Long Beach Marina System Rev., 5.00%, 5/15/40
3,750,000

4,039,462

Long Beach Unified School District GO, 5.00%, 8/1/28
5,000,000

5,956,400

Los Alamitos Unified School District COP, Capital Appreciation, VRN, 0.00%, 8/1/42
3,200,000

2,875,712

Los Angeles Community College District GO, 5.00%, 6/1/26
2,115,000

2,546,693

Los Angeles County COP, 5.00%, 3/1/21
1,195,000

1,281,900

Los Angeles County COP, 5.00%, 3/1/22
1,000,000

1,102,030

Los Angeles County Metropolitan Transportation Authority Rev., 5.00%, 7/1/20
3,000,000

3,152,700

Los Angeles County Metropolitan Transportation Authority Rev., 5.00%, 7/1/21
2,470,000

2,677,258

Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy Tax Allocation, Capital Appreciation, 0.00%, 12/1/19 (AGM)(2)
1,500,000

1,468,815

Los Angeles County Sanitation Districts Financing Authority Rev., 5.00%, 10/1/23
2,855,000

3,254,272

Los Angeles County Sanitation Districts Financing Authority Rev., 5.00%, 10/1/26
2,700,000

3,176,577

Los Angeles Department of Airports Rev., 5.00%, 5/15/24
3,040,000

3,183,093

Los Angeles Department of Airports Rev., 5.00%, 5/15/26
1,500,000

1,733,940

Los Angeles Department of Airports Rev., 5.00%, 5/15/27
1,280,000

1,473,024

Los Angeles Department of Airports Rev., 5.00%, 5/15/33
1,350,000

1,554,282

Los Angeles Department of Airports Rev., 5.00%, 5/15/34
1,250,000

1,432,687

Los Angeles Department of Airports Rev., 5.00%, 5/15/35
1,500,000

1,714,530

Los Angeles Department of Airports Rev., 5.00%, 5/15/40
2,000,000

2,080,100

Los Angeles Department of Airports Rev., 5.00%, 5/15/40
3,000,000

3,121,020

Los Angeles Department of Water Rev., 5.00%, 7/1/23
1,215,000

1,383,849

Los Angeles Department of Water Rev., 5.00%, 7/1/23
1,180,000

1,343,985

Los Angeles Department of Water Rev., 5.00%, 7/1/23
1,445,000

1,645,812

Los Angeles Department of Water Rev., 5.00%, 7/1/24
1,500,000

1,661,070

Los Angeles Department of Water Rev., 5.00%, 7/1/25
3,940,000

4,671,658

Los Angeles Department of Water Rev., 5.00%, 7/1/26
4,040,000

4,861,655

Los Angeles Department of Water Rev., 5.00%, 7/1/27
2,125,000

2,589,971

Los Angeles Department of Water Rev., 5.00%, 7/1/28
2,840,000

3,465,340

Los Angeles Department of Water Rev., 5.00%, 7/1/29
6,030,000

7,282,974

Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/25
1,525,000

1,806,393

Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/26
1,000,000

1,201,330

Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/26
1,000,000

1,101,910

Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/26
1,300,000

1,483,391

Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/27
6,470,000

7,284,249



Los Angeles Unified School District COP, 5.00%, 10/1/29
1,700,000

1,863,421

Los Angeles Unified School District GO, 5.00%, 7/1/21
1,120,000

1,210,742

Los Angeles Unified School District GO, 5.00%, 7/1/21
3,000,000

3,243,060

Los Angeles Unified School District GO, 5.00%, 7/1/24
5,140,000

5,537,528

Los Angeles Unified School District GO, 5.00%, 7/1/24
5,000,000

5,767,150

Los Angeles Unified School District GO, 5.00%, 7/1/26
2,500,000

2,973,725

Los Angeles Unified School District GO, 5.00%, 7/1/26
3,555,000

4,070,226

Los Angeles Unified School District GO, 5.25%, 7/1/26
4,000,000

4,209,080

Los Angeles Unified School District GO, 5.00%, 7/1/27
1,050,000

1,197,441

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

1,309,423

Los Angeles Wastewater System Rev., 5.75%, 6/1/19, Prerefunded at 100% of Par(1)
1,325,000

1,352,083

Los Angeles Wastewater System Rev., 5.00%, 6/1/35
1,500,000

1,754,685

M-S-R Energy Authority Rev., 7.00%, 11/1/34
1,000,000

1,395,750

M-S-R Energy Authority Rev., 7.00%, 11/1/34
5,880,000

8,207,010

M-S-R Energy Authority Rev., 6.50%, 11/1/39
1,180,000

1,618,512

M-S-R Energy Authority Rev., 6.50%, 11/1/39
1,425,000

1,954,558

Manhattan Beach Unified School District GO, Capital Appreciation, 0.00%, 9/1/29(2)
5,905,000

4,238,904

Menlo Park Community Development Agency Successor Agency Tax Allocation, 5.00%, 10/1/19
420,000

431,193

Menlo Park Community Development Agency Successor Agency Tax Allocation, 5.00%, 10/1/20
325,000

343,460

Milpitas Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/25
2,325,000

2,729,968

Milpitas Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/26
6,285,000

7,332,584

Modesto Irrigation District COP, 5.75%, 4/1/19, Prerefunded at 100% of Par(1)
1,580,000

1,601,425

Modesto Irrigation District COP, 5.75%, 10/1/34
920,000

930,884

Mountain View Shoreline Regional Park Community Tax Allocation, 5.00%, 8/1/38 (AGM)(4)
1,135,000

1,290,166

Mountain View Shoreline Regional Park Community Tax Allocation, 5.00%, 8/1/43 (AGM)(4)
1,000,000

1,123,210

Municipal Improvement Corp. of Los Angeles Rev., 5.00%, 11/1/22
1,000,000

1,115,360

Municipal Improvement Corp. of Los Angeles Rev., 5.00%, 3/1/25
3,000,000

3,273,360

Municipal Improvement Corp. of Los Angeles Rev., 5.00%, 11/1/25
750,000

886,245

Murrieta Financing Authority Special Tax, 5.00%, 9/1/21
1,200,000

1,288,224

Napa Valley Community College District GO, Capital Appreciation, VRN, 0.00%, 8/1/22
5,745,000

5,639,924

Napa Valley Community College District GO, Capital Appreciation, VRN, 0.00%, 8/1/33
2,850,000

2,758,144

Napa Valley Community College District GO, Capital Appreciation, VRN, 0.00%, 8/1/34
1,500,000

1,441,830

Natomas Unified School District GO, 5.00%, 9/1/26 (BAM)
1,785,000

2,009,482

Newport Beach Rev., (Hoag Memorial Hospital / Newport Healthcare Obligated Group), 6.00%, 12/1/21, Prerefunded at 100% of Par(1)
2,000,000

2,242,340

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/27
1,295,000

1,463,777

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/28
1,500,000

1,689,975

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/30
1,750,000

1,960,647

Norman Y Mineta San Jose International Airport SJC Rev., 5.00%, 3/1/31
1,000,000

1,118,290

North Lake Tahoe Public Financing Authority Rev., 4.00%, 12/1/19
1,000,000

1,023,420

Northern California Power Agency Rev., 5.00%, 8/1/19
2,000,000

2,044,320

Northern California Power Agency Rev., 5.00%, 8/1/20
1,515,000

1,567,980

Northern California Power Agency Rev., 5.00%, 8/1/21
2,050,000

2,120,663

Northern California Power Agency Rev., 5.25%, 8/1/22
4,250,000

4,409,630

Northern California Power Agency Rev., 5.00%, 7/1/26
1,750,000

1,924,527

Northern California Power Agency Rev., 5.00%, 7/1/27
2,000,000

2,198,020

Northern California Transmission Agency Rev., 5.00%, 5/1/28
1,000,000

1,171,510

Northern California Transmission Agency Rev., 5.00%, 5/1/29
1,000,000

1,166,970

Northern California Transmission Agency Rev., 5.00%, 5/1/30
1,855,000

2,146,031

Oakland Alameda County Coliseum Authority Rev., 5.00%, 2/1/25
4,065,000

4,404,834



Oakland Sewer Rev., 5.00%, 6/15/26
1,200,000

1,376,904

Oakland Unified School District / Alameda County GO, 5.00%, 8/1/20
1,670,000

1,758,293

Oakland Unified School District / Alameda County GO, 6.625%, 8/1/21, Prerefunded at 100% of Par(1)
1,870,000

2,105,209

Oakland Unified School District / Alameda County GO, 5.00%, 8/1/22
660,000

706,312

Oakland Unified School District / Alameda County GO, 5.50%, 8/1/22, Prerefunded at 100% of Par(1)
3,150,000

3,559,594

Oakland Unified School District / Alameda County GO, 5.00%, 8/1/23
1,400,000

1,577,506

Oakland Unified School District / Alameda County GO, 5.00%, 8/1/25
2,500,000

2,909,475

Oakland Unified School District / Alameda County GO, 5.00%, 8/1/25
650,000

756,464

Ontario Community Facilities District No. 24 Special Tax, 4.00%, 9/1/20
295,000

302,741

Ontario Community Facilities District No. 24 Special Tax, 4.00%, 9/1/21
285,000

296,021

Ontario Community Facilities District No. 24 Special Tax, 4.00%, 9/1/22
300,000

313,128

Ontario Community Facilities District No. 24 Special Tax, 4.00%, 9/1/23
60,000

62,740

Ontario Community Facilities District No. 30 Special Tax, 4.00%, 9/1/24
315,000

330,133

Ontario Community Facilities District No. 30 Special Tax, 4.00%, 9/1/25
325,000

340,642

Ontario Community Facilities District No. 30 Special Tax, 4.00%, 9/1/26
340,000

356,840

Ontario Community Facilities District No. 30 Special Tax, 4.00%, 9/1/29
230,000

234,931

Orange County Special Assessment, 3.00%, 9/2/25
285,000

296,212

Orange County Special Assessment, 5.00%, 9/2/26
600,000

707,484

Orange County Special Assessment, 5.00%, 9/2/28
600,000

722,514

Orange County Special Assessment, 5.00%, 9/2/30
875,000

1,039,386

Orange County Community Facilities District Special Tax, 5.00%, 8/15/28
1,960,000

2,122,014

Orange County Community Facilities District Special Tax, 5.00%, 8/15/29
2,000,000

2,207,900

Orange County Community Facilities District Special Tax, 5.00%, 8/15/30
2,220,000

2,438,159

Orange County Community Facilities District Special Tax, 5.00%, 8/15/32
2,575,000

2,811,720

Orange County Community Facilities District Special Tax, 5.00%, 8/15/35
1,000,000

1,072,760

Oxnard Financing Authority Rev., 5.00%, 6/1/25 (AGM)
2,000,000

2,296,640

Oxnard Financing Authority Rev., 5.00%, 6/1/26 (AGM)
3,690,000

4,210,585

Oxnard Financing Authority Rev., 5.00%, 6/1/28 (AGM)
1,515,000

1,706,223

Oxnard Financing Authority Rev., 5.00%, 6/1/32 (AGM)
2,500,000

2,782,975

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

1,110,500

Oxnard School District GO, VRN, 3.00%, 8/1/40 (AGM)
3,500,000

3,661,455

Palm Desert Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 10/1/30 (BAM)
350,000

409,654

Palmdale Community Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/28 (NATL)
2,150,000

2,506,040

Palmdale Community Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/29 (NATL)
2,075,000

2,408,992

Palmdale Community Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/30 (NATL)
1,215,000

1,404,917

Palomar Health COP, (Palomar Health Obligated Group), 6.75%, 11/1/19, Prerefunded at 100% of Par(1)
500,000

522,465

Palomar Health COP, (Palomar Health Obligated Group), 5.25%, 11/1/20, Prerefunded at 100% of Par(1)
475,000

496,461

Palomar Health COP, (Palomar Health Obligated Group), 5.00%, 11/1/20
535,000

558,021

Palomar Health COP, (Palomar Health Obligated Group), 6.00%, 11/1/20, Prerefunded at 100% of Par(1)
1,870,000

2,019,226

Palomar Health COP, (Palomar Health Obligated Group), 5.00%, 11/1/22
770,000

831,639

Palomar Health COP, (Palomar Health Obligated Group), 5.00%, 11/1/25
650,000

728,605

Palomar Health COP, (Palomar Health Obligated Group), 5.00%, 11/1/26
475,000

534,731

Palomar Health COP, (Palomar Health Obligated Group), 5.00%, 11/1/27
720,000

813,658

Palomar Health COP, (Palomar Health Obligated Group), 5.00%, 11/1/32
4,000,000

4,353,320

Palomar Health GO, Capital Appreciation, VRN, 0.00%, 8/1/38 (AGC)
3,330,000

4,134,728

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/21
3,625,000

3,850,910

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/24
2,375,000

2,635,751

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/29
4,585,000

5,035,843

Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/27
4,100,000

4,559,774



Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/39
4,080,000

4,312,478

Palos Verdes Peninsula Unified School District GO, 0.00%, 8/1/33(2)
2,600,000

1,550,016

Peralta Community College District GO, 5.00%, 8/1/22
2,145,000

2,373,657

Pittsburg Successor Agency Redevelopment Agency Tax Allocation, 5.00%, 9/1/29 (AGM)
3,000,000

3,433,260

Pomona Unified School District GO, 6.55%, 8/1/29 (NATL)
1,000,000

1,231,580

Pomona Unified School District GO, 6.15%, 8/1/30 (NATL)
855,000

969,536

Porterville Public Financing Authority Rev., 5.625%, 10/1/21, Prerefunded at 100% of Par(1)
4,000,000

4,417,120

Poway Unified School District GO, Capital Appreciation, 0.00%, 8/1/41(2)
4,890,000

1,923,726

Poway Unified School District Rev., 7.875%, 9/15/19, Prerefunded at 100% of Par(1)
1,010,000

1,058,036

Poway Unified School District Public Financing Authority Special Tax, 5.00%, 9/1/31
1,650,000

1,911,508

Rancho Santa Fe Community Services District Special Tax, 5.125%, 9/1/21, Prerefunded at 100% of Par(1)
790,000

858,612

Rancho Santa Fe Community Services District Special Tax, 5.25%, 9/1/21, Prerefunded at 100% of Par(1)
1,300,000

1,417,221

Rancho Santa Fe Community Services District Special Tax, 5.375%, 9/1/21, Prerefunded at 100% of Par(1)
1,410,000

1,541,835

Redding Electric System Rev., 5.00%, 6/1/28
1,000,000

1,197,750

Redding Electric System Rev., 5.00%, 6/1/29
1,250,000

1,487,787

Redding Electric System Rev., 5.00%, 6/1/30
1,250,000

1,470,150

Regents of the University of California Medical Center Pooled Rev., 5.00%, 5/15/33
3,015,000

3,422,929

Regents of the University of California Medical Center Pooled Rev., 5.00%, 5/15/34
2,000,000

2,255,740

Rio Elementary School District Community Facilities District Special Tax, 5.00%, 9/1/24
700,000

787,451

Riverside County Redevelopment Successor Agency Tax Allocation, 6.50%, 10/1/20, Prerefunded at 100% of Par(1)
1,560,000

1,693,068

Riverside County Transportation Commission Rev., 5.25%, 6/1/23, Prerefunded at 100% of Par(1)
1,335,000

1,529,776

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/28(2)
1,000,000

688,580

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/30(2)
1,000,000

623,040

Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/31(2)
1,555,000

920,684

Riverside Sewer Rev., 5.00%, 8/1/25
1,630,000

1,927,866

Riverside Sewer Rev., 5.00%, 8/1/26
3,400,000

3,956,886

Riverside Sewer Rev., 5.00%, 8/1/35
3,750,000

4,366,050

Riverside Sewer Rev., 5.00%, 8/1/37
3,265,000

3,773,720

Riverside Water Rev., VRDN, 2.32%, (MUNIPSA plus 0.63%), 1/15/20
7,040,000

7,041,760

Romoland School District Special Tax, 4.00%, 9/1/21
1,035,000

1,076,700

Romoland School District Special Tax, 5.00%, 9/1/22
1,140,000

1,236,900

Romoland School District Special Tax, (Romoland School District Community Facilities District No. 2004-1 Heritage Lake), 5.00%, 9/1/36
1,000,000

1,090,230

Romoland School District Special Tax, (Romoland School District Community Facilities District No. 2004-1 Heritage Lake), 5.00%, 9/1/37
1,100,000

1,197,185

Romoland School District Special Tax, (Romoland School District Community Facilities District No. 2004-1 Heritage Lake), 5.00%, 9/1/38
1,000,000

1,085,850

Roseville Special Tax, 5.00%, 9/1/25
750,000

843,330

Roseville Special Tax, 5.00%, 9/1/26
1,075,000

1,214,578

Roseville Special Tax, 5.00%, 9/1/28
1,025,000

1,155,503

Roseville Special Tax, 5.00%, 9/1/30
1,390,000

1,549,113

Roseville Special Tax, 5.00%, 9/1/31
1,000,000

1,108,890

Roseville Special Tax, 5.00%, 9/1/32
1,250,000

1,379,200

Roseville Special Tax, 5.00%, 9/1/34
1,050,000

1,145,361

Roseville Water Utility COP, 5.00%, 12/1/26
1,690,000

1,984,263

Roseville Water Utility COP, 5.00%, 12/1/27
2,250,000

2,625,952

Sacramento City Financing Authority Rev., 5.40%, 11/1/20 (Ambac)
925,000

966,468

Sacramento County Airport System Rev., 5.00%, 7/1/20
1,000,000

1,049,300

Sacramento County Airport System Rev., 5.00%, 7/1/23
1,000,000

1,048,880

Sacramento County Airport System Rev., 5.00%, 7/1/24
1,000,000

1,048,400

Sacramento County Airport System Rev., 5.00%, 7/1/33
1,450,000

1,680,709



Sacramento County Airport System Rev., 5.00%, 7/1/34
1,000,000

1,152,560

Sacramento County Airport System Rev., 5.00%, 7/1/35
1,000,000

1,146,420

Sacramento County Sanitation Districts Financing Authority Rev., 5.25%, 12/1/21 (NATL)
1,000,000

1,098,470

Sacramento County Sanitation Districts Financing Authority Rev., VRN, 2.09%, (67% of the 3-month LIBOR plus 0.53%), 12/1/35 (NATL)
19,000,000

18,376,990

Sacramento Municipal Utility District Rev., 5.25%, 7/1/24 (Ambac)
3,000,000

3,379,080

Sacramento Municipal Utility District Rev., 5.00%, 8/15/24
1,000,000

1,167,070

Sacramento Municipal Utility District Rev., 5.00%, 8/15/24
1,500,000

1,664,205

Sacramento Municipal Utility District Rev., 5.00%, 8/15/25
5,000,000

5,541,700

Sacramento Municipal Utility District Rev., 5.00%, 8/15/28
1,200,000

1,480,344

Sacramento Redevelopment Agency Successor Agency Tax Allocation, 4.00%, 12/1/18
2,000,000

2,000,000

Sacramento Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/34 (BAM)
1,355,000

1,534,768

Sacramento Transient Occupancy Tax Rev., 5.00%, 6/1/36
1,000,000

1,141,570

Sacramento Transient Occupancy Tax Rev., 5.00%, 6/1/37
2,250,000

2,560,860

Sacramento Transient Occupancy Tax Rev., 5.00%, 6/1/38
1,000,000

1,134,950

Salinas Union High School District GO, 0.00%, 8/1/20(2)
5,000,000

4,827,350

San Bernardino Community College District GO, Capital Appreciation, VRN, 0.00%, 8/1/34
17,240,000

20,274,068

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 3.00%, 12/1/18 (AGM)
1,725,000

1,725,000

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 4.00%, 12/1/19 (AGM)
2,665,000

2,726,082

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/20 (AGM)
2,915,000

3,099,636

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/22 (AGM)
2,310,000

2,559,873

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/24 (AGM)
2,310,000

2,647,814

San Bernardino Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/1/25 (AGM)
1,275,000

1,479,140

San Buenaventura Rev., (Community Memorial Health System), 8.00%, 12/1/26
2,000,000

2,273,380

San Buenaventura Rev., (Community Memorial Health System), 7.50%, 12/1/41
4,300,000

4,689,451

San Diego Community College District GO, 5.00%, 8/1/30
3,000,000

3,369,030

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/19
300,000

308,055

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/22
1,525,000

1,679,132

San Diego County Rev., (Sanford Burnham Prebys Medical Discovery Institute), 5.00%, 11/1/30
675,000

763,810

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/19
1,290,000

1,314,084

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/21
2,000,000

2,101,280

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/31
1,000,000

1,166,840

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/32
850,000

985,260

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/33
1,000,000

1,153,540

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/34
700,000

801,598

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/34
750,000

783,323

San Diego County Regional Airport Authority Rev., 5.00%, 7/1/35
1,000,000

1,140,370

San Diego County Regional Transportation Commission Rev., 4.00%, 4/1/21
15,000,000

15,794,700

San Diego County Regional Transportation Commission Rev., 5.00%, 4/1/21
5,940,000

6,390,965

San Diego County Water Authority Financing Corp. Rev., 5.00%, 5/1/25
5,250,000

6,205,342

San Diego County Water Authority Financing Corp. Rev., 5.00%, 5/1/26
2,390,000

2,804,474

San Diego County Water Authority Financing Corp. Rev., 5.00%, 5/1/27
3,485,000

4,064,346

San Diego Public Facilities Financing Authority Sewer Rev., 5.00%, 5/15/19, Prerefunded at 100% of Par(1)
3,680,000

3,736,304

San Diego Public Facilities Financing Authority Sewer Rev., 5.25%, 5/15/20, Prerefunded at 100% of Par(1)
3,400,000

3,571,292

San Diego Public Facilities Financing Authority Sewer Rev., 5.00%, 5/15/28
10,000,000

11,855,400

San Diego Public Facilities Financing Authority Water Rev., 5.00%, 8/1/21
2,000,000

2,169,480

San Diego Public Facilities Financing Authority Water Rev., 5.00%, 8/1/24
2,000,000

2,223,680

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

1,114,080

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

1,141,250

San Diego Unified Port District Rev., 5.00%, 9/1/23
250,000

280,243



San Diego Unified Port District Rev., 5.00%, 9/1/24
500,000

558,340

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

835,725

San Diego Unified School District GO, 5.00%, 7/1/33
1,320,000

1,545,562

San Francisco Bay Area Rapid Transit District Rev., 5.00%, 7/1/28
1,500,000

1,756,350

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/19
1,500,000

1,520,895

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/3/21, Prerefunded at 100% of Par(1)
980,000

1,054,225

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/3/21, Prerefunded at 100% of Par(1)
1,210,000

1,301,645

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/22
1,000,000

1,105,010

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 4.00%, 5/1/24
1,625,000

1,764,539

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/26
1,250,000

1,369,525

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/29
5,060,000

5,413,441

San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/40
2,150,000

2,225,121

San Francisco City & County Public Utilities Commission Wastewater Rev., 5.00%, 10/1/21
5,000,000

5,440,400

San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/21
460,000

494,624

San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/26
425,000

480,518

San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/27
550,000

619,064

San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/28
370,000

415,218

San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/31
400,000

444,664

San Francisco City & County Redevelopment Financing Authority Tax Allocation, 6.00%, 8/1/19(1)
510,000

524,657

San Francisco City & County Redevelopment Financing Authority Tax Allocation, 6.00%, 8/1/20(1)
515,000

550,870

San Francisco City & County Redevelopment Financing Authority Tax Allocation, 6.625%, 2/1/21, Prerefunded at 100% of Par(1)
500,000

551,170

San Francisco Public Utilities Commission Water Rev., 5.00%, 5/1/20, Prerefunded at 100% of Par(1)
2,780,000

2,908,686

San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/28
1,055,000

1,223,547

San Gorgonio Memorial Health Care District GO, 5.00%, 8/1/25
850,000

970,606

San Joaquin Hills Transportation Corridor Agency Rev., 5.00%, 1/15/34
13,685,000

14,805,528

San Joaquin Hills Transportation Corridor Agency Rev., 5.00%, 1/15/44
1,000,000

1,063,760

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

1,066,600

San Jose Unified School District GO, 5.00%, 8/1/19
1,000,000

1,022,360

San Mateo Special Tax, 5.875%, 9/1/32
1,375,000

1,512,321

San Mateo Special Tax, 5.50%, 9/1/44
750,000

802,133

Santa Barbara Financing Authority Rev., (Santa Barbara), 5.00%, 4/1/29(4)
1,515,000

1,822,742

Santa Barbara Financing Authority Rev., (Santa Barbara), 5.00%, 4/1/31(4)
845,000

999,128

Santa Barbara Financing Authority Rev., (Santa Barbara), 5.00%, 4/1/33(4)
840,000

980,616

Santa Barbara Financing Authority Rev., (Santa Barbara), 5.00%, 4/1/35(4)
2,035,000

2,344,503

Santa Barbara Financing Authority Rev., (Santa Barbara), 5.00%, 4/1/38(4)
1,000,000

1,139,780

Santa Clara Electric Rev., 5.00%, 7/1/30
1,500,000

1,614,435

Santa Clara Valley Transportation Authority Rev., 5.00%, 4/1/20
4,000,000

4,174,800

Santa Cruz County Redevelopment Agency Tax Allocation, 5.00%, 9/1/35 (AGM)
1,500,000

1,698,960

Santa Monica Redevelopment Agency Tax Allocation, 5.00%, 7/1/42
1,000,000

1,072,120

Santa Monica Redevelopment Agency Tax Allocation, 5.875%, 7/1/42
1,000,000

1,093,940

Santa Rosa Wastewater Rev., Capital Appreciation, 0.00%, 9/1/24 (Ambac)(2)
9,000,000

7,750,620

Sonoma Community Development Agency Successor Agency Tax Allocation, 5.00%, 6/1/23 (NATL)
1,000,000

1,091,130

Sonoma Community Development Agency Successor Agency Tax Allocation, 5.00%, 6/1/25 (NATL)
1,390,000

1,599,556

Sonoma Community Development Agency Successor Agency Tax Allocation, 5.00%, 6/1/29 (NATL)
1,100,000

1,253,780

Sonoma Community Development Agency Successor Agency Tax Allocation, 5.00%, 6/1/33 (NATL)
1,325,000

1,488,916

South Orange County Public Financing Authority Special Tax, 5.00%, 8/15/20
1,100,000

1,158,168

South Orange County Public Financing Authority Special Tax, 5.00%, 8/15/21
1,500,000

1,622,175

South Orange County Public Financing Authority Special Tax, 5.00%, 8/15/23
1,200,000

1,352,604



South Orange County Public Financing Authority Special Tax, 5.00%, 8/15/25
1,125,000

1,310,062

South Orange County Public Financing Authority Special Tax, 5.00%, 8/15/26
1,000,000

1,179,190

South Orange County Public Financing Authority Special Tax, 5.00%, 8/15/27
1,155,000

1,375,767

South Orange County Public Financing Authority Special Tax, 5.00%, 8/15/28
1,340,000

1,607,893

Southern California Public Power Authority Rev., 5.00%, 7/1/20
4,000,000

4,206,160

Southern California Public Power Authority Rev., 5.00%, 7/1/21
2,780,000

3,005,236

Southern California Public Power Authority Rev., VRDN, 1.94%, (MUNIPSA plus 0.25%), 5/1/21
10,000,000

9,988,100

Southern California Water Replenishment District Rev., 5.00%, 8/1/21
1,000,000

1,086,100

Southern California Water Replenishment District Rev., 5.00%, 8/1/35(4)
2,190,000

2,548,525

Southern California Water Replenishment District Rev., 5.00%, 8/1/37(4)
2,170,000

2,506,958

State of California GO, 6.50%, 4/1/19, Prerefunded at 100% of Par(1)
4,060,000

4,125,447

State of California GO, 5.00%, 7/1/19(1)
4,505,000

4,594,379

State of California GO, 5.00%, 9/1/19
5,000,000

5,126,200

State of California GO, 5.25%, 10/1/20
5,000,000

5,149,300

State of California GO, 5.00%, 3/1/23
10,000,000

11,198,500

State of California GO, 5.50%, 4/1/24
4,600,000

4,654,188

State of California GO, 5.00%, 12/1/26
1,045,000

1,182,564

State of California GO, 5.00%, 2/1/27
10,000,000

11,090,000

State of California GO, 5.00%, 2/1/28
6,795,000

7,512,892

State of California GO, 5.75%, 4/1/28
5,000,000

5,061,800

State of California GO, 5.00%, 11/1/29
2,625,000

2,936,010

State of California GO, 5.75%, 4/1/31
5,000,000

5,061,150

State of California GO, 6.50%, 4/1/33
3,440,000

3,490,809

State of California GO, 5.50%, 3/1/40
3,000,000

3,123,450

State of California GO, VRDN, 2.32%, (70% of the 1-month LIBOR plus 0.70%), 12/1/20
1,700,000

1,710,098

State of California GO, VRDN, 2.375%, (70% of the 1-month LIBOR plus 0.76%), 12/1/21
4,000,000

4,034,160

State of California GO, VRDN, 4.00%, 12/1/21
4,000,000

4,165,680

State of California GO, VRN, 2.69%, (MUNIPSA plus 1.00%), 5/1/19
1,600,000

1,600,448

State of California GO, VRN, 2.84%, (MUNIPSA plus 1.15%), 5/1/20
1,920,000

1,936,704

State of California Department of Water Resources Rev., 5.00%, 12/1/19, Prerefunded at 100% of Par(1)
905,000

935,245

State of California Department of Water Resources Rev., 5.00%, 12/1/25
2,000,000

2,389,600

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/19
5,000,000

5,069,650

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/20
14,215,000

14,864,910

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/20, Prerefunded at 100% of Par(1)
1,860,000

1,946,099

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/21
10,000,000

10,776,900

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/21
1,140,000

1,192,622

State of California Department of Water Resources Power Supply Rev., 5.00%, 5/1/22
4,180,000

4,624,794

Stockton Public Financing Authority Rev., 5.00%, 9/1/22 (BAM)
1,410,000

1,553,115

Stockton Public Financing Authority Rev., 5.00%, 9/1/23 (BAM)
1,435,000

1,611,333

Stockton Public Financing Authority Rev., 5.00%, 9/1/24 (BAM)
1,090,000

1,244,518

Stockton Public Financing Authority Rev., 5.00%, 9/1/25 (BAM)
2,255,000

2,578,570

Stockton Public Financing Authority Rev., 5.00%, 9/1/26 (BAM)
1,495,000

1,704,345

Stockton Public Financing Authority Rev., 5.00%, 9/1/27 (BAM)
1,000,000

1,136,000

Stockton Public Financing Authority Rev., 6.25%, 10/1/38
1,500,000

1,748,295

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

872,670

Stockton Public Financing Authority Rev., (Stockton Water Rev.), 5.00%, 10/1/30 (BAM)
1,000,000

1,154,350

Stockton Public Financing Authority Rev., (Stockton Water Rev.), 5.00%, 10/1/31 (BAM)
1,000,000

1,149,810

Stockton Public Financing Authority Special Tax, 4.00%, 9/2/20 (BAM)
575,000

596,212

Stockton Public Financing Authority Special Tax, 4.00%, 9/2/21 (BAM)
450,000

472,167



Stockton Public Financing Authority Special Tax, 4.00%, 9/2/22 (BAM)
940,000

998,694

Stockton Public Financing Authority Special Tax, 4.00%, 9/2/23 (BAM)
655,000

703,149

Stockton Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/29 (AGM)
1,500,000

1,722,240

Stockton Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/30 (AGM)
1,800,000

2,057,076

Stockton Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/31 (AGM)
1,825,000

2,077,343

Stockton Unified School District GO, 5.00%, 8/1/30
5,000,000

5,695,300

Temecula Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/15/28 (AGM)
500,000

583,965

Temecula Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/15/29 (AGM)
1,155,000

1,342,607

Temecula Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/15/31 (AGM)
765,000

878,082

Temecula Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 12/15/32 (AGM)
750,000

857,835

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/19 (BAM)
265,000

270,955

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/20 (BAM)
400,000

420,288

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/21 (BAM)
515,000

555,561

Temecula Valley Unified School District Financing Authority Special Tax, 5.00%, 9/1/22 (BAM)
275,000

303,328

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

2,249,910

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

999,960

Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/28
425,000

474,419

Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/33
1,610,000

1,767,265

Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/38
1,635,000

1,776,869

Tuolumne Wind Project Authority Rev., 5.625%, 1/1/19, Prerefunded at 100% of Par(1)
2,200,000

2,206,710

Tustin Community Facilities District Special Tax, 5.00%, 9/1/22
480,000

526,915

Tustin Community Facilities District Special Tax, 5.00%, 9/1/23
725,000

812,435

Tustin Community Facilities District Special Tax, 5.00%, 9/1/28
1,000,000

1,136,240

Tustin Community Facilities District Special Tax, 5.00%, 9/1/30
1,000,000

1,125,760

Tustin Unified School District Special Tax, 6.00%, 9/1/20, Prerefunded at 100% of Par(1)
2,000,000

2,144,400

University of California Rev., 5.25%, 5/15/19, Prerefunded at 100% of Par(1)
2,210,000

2,246,266

University of California Rev., 5.25%, 5/15/19, Prerefunded at 100% of Par(1)
4,285,000

4,355,317

University of California Rev., 5.25%, 5/15/19, Prerefunded at 100% of Par(1)
1,255,000

1,275,595

University of California Rev., 5.00%, 5/15/20
1,405,000

1,422,534

University of California Rev., 5.00%, 5/15/22, Prerefunded at 100% of Par(1)
2,840,000

3,139,393

University of California Rev., 5.00%, 5/15/23, Prerefunded at 100% of Par(1)
1,395,000

1,582,390

University of California Rev., 5.00%, 5/15/25
6,855,000

7,744,299

University of California Rev., 4.00%, 5/15/26
2,415,000

2,704,293

University of California Rev., 5.00%, 5/15/26
3,310,000

3,647,123

University of California Rev., 5.00%, 5/15/26
11,300,000

13,298,744

University of California Rev., Series 2013 AL-3, VRDN, 1.47%, 12/3/18
4,600,000

4,600,000

University of California Rev., VRDN, 1.48%, 12/3/18
3,000,000

3,000,000

University of California Rev., VRDN, 1.49%, 12/3/18
15,700,000

15,700,000

University of California Rev., VRDN, 1.50%, 12/3/18
1,500,000

1,500,000

University of California Rev., VRDN, 5.00%, 5/15/23
5,000,000

5,625,950

University of California Hastings College of the Law Rev., 5.00%, 4/1/31 (AGM)
1,045,000

1,214,112

Upland COP, (San Antonio Regional Hospital Obligated Group), 5.00%, 1/1/29
1,510,000

1,710,181

Upland COP, (San Antonio Regional Hospital Obligated Group), 5.00%, 1/1/32
1,475,000

1,640,598

Upland COP, (San Antonio Regional Hospital Obligated Group), 4.00%, 1/1/36
1,000,000

1,004,870

Upper Santa Clara Valley Joint Powers Authority Rev., 4.00%, 8/1/19
600,000

609,660

Washington Township Health Care District Rev., 5.00%, 7/1/29
600,000

671,628

Washington Township Health Care District Rev., 3.50%, 7/1/30
760,000

739,229

Washington Township Health Care District Rev., 5.00%, 7/1/30
1,200,000

1,336,668



Washington Township Health Care District Rev., 3.75%, 7/1/31
400,000

396,120

Washington Township Health Care District Rev., 4.00%, 7/1/32
135,000

136,158

Washington Township Health Care District Rev., 5.00%, 7/1/35
990,000

1,082,189

Washington Township Health Care District Rev., 4.00%, 7/1/36
200,000

197,804

Washington Township Health Care District Rev., 4.00%, 7/1/37
200,000

197,004

Washington Township Health Care District Rev., 4.00%, 7/1/37
1,000,000

985,020

Washington Township Health Care District Rev., 5.00%, 7/1/42
1,000,000

1,073,180

West Contra Costa Unified School District GO, 5.00%, 8/1/30
2,000,000

2,270,280

West Contra Costa Unified School District GO, 5.00%, 8/1/33
3,000,000

3,390,180

West Contra Costa Unified School District GO, 5.00%, 8/1/35
1,500,000

1,688,355

West Sacramento Financing Authority Special Tax, 5.00%, 9/1/19 (XLCA)
995,000

1,016,691

West Sacramento Financing Authority Special Tax, 5.00%, 9/1/20 (XLCA)
1,195,000

1,250,364

Western Riverside Water & Wastewater Financing Authority Rev., 5.00%, 9/1/24
1,690,000

1,913,080

Western Riverside Water & Wastewater Financing Authority Rev., 5.00%, 9/1/25
1,170,000

1,342,973

 
 
1,723,400,204

Guam — 0.4%
 
 
Guam Government GO, 6.00%, 11/15/19
225,000

230,159

Guam Government Power Authority Rev., 5.00%, 10/1/19 (AGM)
1,000,000

1,023,110

Guam Government Power Authority Rev., 5.50%, 10/1/20, Prerefunded at 100% of Par(1)
2,150,000

2,284,526

Guam Government Waterworks Authority Rev., 5.00%, 7/1/21
300,000

315,843

Guam Government Waterworks Authority Rev., 5.00%, 7/1/22
325,000

348,130

Guam Government Waterworks Authority Rev., 5.00%, 7/1/23
500,000

542,215

Guam Government Waterworks Authority Rev., 5.00%, 7/1/24
350,000

383,397

Guam Government Waterworks Authority Rev., 5.00%, 7/1/25
350,000

385,896

Guam Government Waterworks Authority Rev., 5.00%, 7/1/26
500,000

553,245

Guam Government Waterworks Authority Rev., 5.00%, 7/1/27
900,000

998,010

 
 
7,064,531

TOTAL INVESTMENT SECURITIES — 101.0%
(Cost $1,687,717,456)
 
1,730,464,735

OTHER ASSETS AND LIABILITIES — (1.0)%
 
(17,040,226
)
TOTAL NET ASSETS — 100.0%
 
$
1,713,424,509


FUTURES CONTRACTS SOLD
Reference Entity
Contracts
Expiration
Date
Notional
Amount
Underlying
Contract
Value
Unrealized
Appreciation
(Depreciation)
U.S. Treasury Long Bonds
146
March 2019
$
14,600,000

$
20,426,313

$
(96,141
)


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
MUNIPSA
-
SIFMA Municipal Swap Index
NATL
-
National Public Finance Guarantee Corporation
VRDN
-
Variable Rate Demand Note. The instrument may be payable upon demand and adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The date of the demand feature is disclosed.
VRN
-
Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated.
XLCA
-
XL Capital Ltd.
(1)
Escrowed to maturity in U.S. government securities or state and local government securities.
(2)
Security is a zero-coupon bond. Zero-coupon securities are issued at a substantial discount from their value at maturity.
(3)
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 $26,751,787, which represented 1.6% of total net assets.
(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.


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 exchange.
 
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.
 
As of period end, the fund’s investment securities and unrealized appreciation (depreciation) on futures contracts were classified as Level 2 and Level 1, respectively. 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, 2018






amcentlogoa61.jpg



California Tax-Free Money Market - Schedule of Investments
NOVEMBER 30, 2018 (UNAUDITED)                       
 
Shares/
Principal Amount ($)
Value ($)
MUNICIPAL SECURITIES — 97.0%
 
 
California — 96.7%
 
 
California Enterprise Development Authority Rev., (Community Hospice, Inc.), VRDN, 1.74%, 12/7/18 (LOC: Bank of Stockton and FHLB)
2,945,000

2,945,000

California Enterprise Development Authority Rev., (Humane Society Silicon Valley), VRDN, 1.74%, 12/7/18 (LOC: First Republic Bank and FHLB)
5,630,000

5,630,000

California Infrastructure & Economic Development Bank Rev., (Bay Institute Aquarium Foundation), VRDN, 1.55%, 12/7/18 (LOC: Union Bank N.A. and FHLB)
2,135,000

2,135,000

California Infrastructure & Economic Development Bank Rev., (Columbia College), VRDN, 1.75%, 12/7/18 (LOC: Rabobank N.A. and Rabobank Cooperatieve)
2,035,000

2,035,000

California Infrastructure & Economic Development Bank Rev., (Columbia College), VRDN, 1.75%, 12/7/18 (LOC: Rabobank N.A. and Rabobank Nederland)
4,565,000

4,565,000

California Infrastructure & Economic Development Bank Rev., (EB Property Management LLC), VRDN, 1.69%, 12/7/18 (LOC: California United Bank and Wells Fargo Bank N.A.)
1,180,000

1,180,000

California Infrastructure & Economic Development Bank Rev., (Kennfoods USA LLC), VRDN, 1.71%, 12/7/18 (LOC: Bank of the West)
820,000

820,000

California Infrastructure & Economic Development Bank Rev., VRDN, 1.74%, 12/7/18 (LOC: Union Bank N.A.)
2,030,000

2,030,000

California Municipal Finance Authority Rev., (Central Coast YMCA), VRDN, 1.74%, 12/7/18 (LOC: Pacific Capital Bank N.A. and FHLB)
4,185,000

4,185,000

California Municipal Finance Authority Rev., (High Desert Partnership In Academic Excellence Foundation, Inc.), VRDN, 1.74%, 12/7/18 (LOC: Union Bank N.A.)
1,905,000

1,905,000

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 1.62%, 12/7/18
900,000

900,000

California Statewide Communities Development Authority Rev., (Kaiser Credit Group), VRDN, 1.62%, 12/7/18
1,330,000

1,330,000

California Statewide Communities Development Authority Rev., (Uptown Newport Building Owner LP), VRDN, 1.63%, 12/7/18 (LOC: East West Bank and Zions Bank)
7,600,000

7,600,000

California Statewide Communities Development Authority Rev., Series 2008 A, (Kaiser Credit Group), VRDN, 1.62%, 12/7/18
4,700,000

4,700,000

Calleguas-Las Virgenes Public Financing Authority Rev., VRDN, 1.61%, 12/7/18 (LOC: Wells Fargo Bank N.A.)
1,200,000

1,200,000

Fresno Rev., (Wasatch Pool Holdings LLC), VRDN, 1.55%, 12/7/18 (LOC: FNMA)(LIQ FAC: FNMA)
5,070,000

5,070,000

Irvine Ranch Water District Special Assessment, VRN, 1.68%, (MUNIPSA less 0.01%), 10/1/37
3,865,000

3,865,000

Irvine Ranch Water District Special Assessment, VRN, 1.68%, (MUNIPSA less 0.01%), 10/1/37
3,865,000

3,865,000

Los Angeles Community Redevelopment Agency Rev., (Forest City Southpark Two, Inc.), VRDN, 1.49%, 12/7/18 (LOC: FNMA)(LIQ FAC: FNMA)
2,895,000

2,895,000

Los Angeles Community Redevelopment Agency Rev., (Promenade Towers Ltd.), VRDN, 1.45%, 12/7/18 (LIQ FAC: FHLMC)
6,100,000

6,100,000

Los Angeles County Metropolitan Transportation Authority Tax Revenue, 1.72%, 12/5/18 (LOC: Citibank N.A.)
4,000,000

4,000,000

Metropolitan Water District of Southern California Rev., VRN, 1.66%, (MUNIPSA less 0.03%), 7/1/47
5,000,000

5,000,000

Modesto Rev., (Westdale Commons), VRDN, 1.55%, 12/7/18 (LOC: FNMA)(LIQ FAC: FNMA)
2,000,000

2,000,000

Municipal Improvement Corp. of Los Angeles Lease Revenue, 1.70%, 12/14/18 (LOC: Bank of the West)
6,200,000

6,200,000

Reedley COP, (Mennonite Brethren Homes, Inc.), VRDN, 1.74%, 12/7/18 (LOC: Bank of the Sierra and FHLB)
5,380,000

5,380,000

San Bernardino County Flood Control District Rev., VRDN, 1.65%, 12/7/18 (LOC: Bank of America N.A.)
1,000,000

1,000,000

San Diego County Water Authority Financing Corp., 1.73%, 12/6/18
4,000,000

4,000,000

San Diego Public Facilities Financing Authority Water Rev., 1.71%, 12/17/18 (LOC: Bank of America N.A.)
4,000,000

4,000,000

San Francisco City & County Public Utilities Commission Power Rev., 1.68%, 12/13/18 (LOC: Bank of America N.A.)
2,502,000

2,502,000

San Francisco City & County Public Utilities Commission Wastewater Rev., 1.76%, 1/29/19 (LOC: Bank of America N.A.)
3,000,000

3,000,000

State of California Department of Water Resources Rev., 1.70%, 12/6/18
2,167,000

2,167,000

State of California Department of Water Resources Rev., 1.74%, 1/2/19
7,000,000

7,000,000

State of California Department of Water Resources Rev., 1.76%, 1/16/19
1,631,000

1,631,000

Tender Option Bond Trust Receipts/Certificates GO, VRDN, 1.79%, 12/7/18 (LIQ FAC: JPMorgan Chase Bank N.A.)(1)
3,000,000

3,000,000



Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.67%, 12/7/18 (LIQ FAC: Barclays Bank plc)(1)
2,220,000

2,220,000

Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.69%, 12/7/18 (LIQ FAC: JPMorgan Chase Bank N.A.)(1)
800,000

800,000

Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.71%, 12/7/18 (LIQ FAC: Bank of America N.A.)(1)
5,000,000

5,000,000

Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.72%, 12/7/18 (LIQ FAC: JPMorgan Chase Bank N.A.)(1)
5,000,000

5,000,000

Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.72%, 12/7/18 (LIQ FAC: JPMorgan Chase Bank N.A.)(1)
3,500,000

3,500,000

Tender Option Bond Trust Receipts/Certificates Rev., VRDN, 1.79%, 12/7/18 (LIQ FAC: JPMorgan Chase Bank N.A.)(1)
3,750,000

3,750,000

Town of Apple Valley COP, VRDN, 1.74%, 12/7/18 (LOC: Union Bank N.A.)
385,000

385,000

University of California Rev., VRDN, 1.49%, 12/3/18
1,600,000

1,600,000

Victorville Joint Powers Finance Authority Rev., VRDN, 2.19%, 12/7/18 (LOC: BNP Paribas)
13,395,000

13,395,000

Yolo County Rev., (Beckett Hall, Inc.), VRDN, 1.74%, 12/7/18 (LOC: Bank of the West)
6,070,000

6,070,000

 
 
157,555,000

Nevada — 0.3%
 
 
Truckee Meadows Water Authority Rev., 1.72%, 12/4/18 (LOC: Wells Fargo Bank N.A.)
412,000

412,000

TOTAL INVESTMENT SECURITIES — 97.0%
 
157,967,000

OTHER ASSETS AND LIABILITIES — 3.0%
 
4,967,670

TOTAL NET ASSETS — 100.0%
 
$
162,934,670


NOTES TO SCHEDULE OF INVESTMENTS
COP
-
Certificates of Participation
FHLB
-
Federal Home Loan Bank
FHLMC
-
Federal Home Loan Mortgage Corporation
FNMA
-
Federal National Mortgage Association
GO
-
General Obligation
LIQ FAC
-
Liquidity Facilities
LOC
-
Letter of Credit
MUNIPSA
-
SIFMA Municipal Swap Index
VRDN
-
Variable Rate Demand Note. The instrument may be payable upon demand and adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The date of the demand feature is disclosed.
VRN
 
Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security’s offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated.
(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 $23,270,000, which represented 14.3% 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 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.

•
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.
 
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, 2019
 

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, 2019
 



By:
/s/ R. Wes Campbell
 
 
Name:
R. Wes Campbell
 
 
Title:
Treasurer and
 
 
Chief Financial Officer
 
 
 
(principal financial officer)
 
 
 
 
Date:
January 25, 2019