NPORT-EX 2 acfb_calihighyieldmuni.htm PART F Document

American Century Investments®
Quarterly Portfolio Holdings
California High-Yield Municipal Fund
May 31, 2023


California High-Yield Municipal - Schedule of Investments
MAY 31, 2023 (UNAUDITED)
Principal Amount ($)
Value ($)
MUNICIPAL SECURITIES — 97.3%
California — 96.2%
91 Express Lanes Toll Road Rev., 5.00%, 8/15/30
2,400,000 2,406,570 
Alameda Community Facilities District Special Tax, (District No. 13-1), 5.00%, 9/1/42
1,250,000 1,269,376 
Alameda Community Facilities District Special Tax, (District No. 22-1), 5.00%, 9/1/48
750,000 719,748 
Alameda Community Facilities District Special Tax, (District No. 22-1), 5.00%, 9/1/53
1,175,000 1,115,482 
Alameda Corridor Transportation Authority Rev., Capital Appreciation, VRN, 0.00%, 10/1/52 (AGM)
12,000,000 6,004,878 
Alameda Corridor Transportation Authority Rev., 5.00%, 10/1/36
2,700,000 2,762,725 
Antelope Valley Healthcare District Rev., 5.00%, 3/1/46
5,000,000 4,787,130 
Bay Area Toll Authority Rev., 4.00%, 4/1/31
3,200,000 3,314,561 
Bay Area Toll Authority Rev., 4.00%, 4/1/38
2,080,000 2,095,286 
Bay Area Toll Authority Rev., VRN, 3.86%, (MUNIPSA plus 0.45%), 4/1/56
1,750,000 1,730,137 
Beaumont Special Tax, (Beaumont Community Facilities District No. 93-1), 4.00%, 9/1/40
1,250,000 1,143,938 
Beaumont Special Tax, (Beaumont Community Facilities District No. 93-1), 5.00%, 9/1/43
1,605,000 1,630,755 
Beaumont Special Tax, (Beaumont Community Facilities District No. 93-1), 4.00%, 9/1/45
1,510,000 1,344,258 
Beaumont Special Tax, (Beaumont Community Facilities District No. 93-1), 5.00%, 9/1/48
2,535,000 2,559,165 
Beaumont Special Tax, (Beaumont Community Facilities District No. 93-1), 5.00%, 9/1/48
2,855,000 2,880,897 
Beaumont Special Tax, (Beaumont Community Facilities District No. 93-1), 4.00%, 9/1/50
1,500,000 1,296,805 
California Community Choice Financing Authority Rev., VRN, 3.86%, (MUNIPSA plus 0.45%), 2/1/52 (GA: Morgan Stanley)
17,545,000 16,545,053 
California Community Choice Financing Authority Rev., VRN, 5.00%, 7/1/53 (GA: Morgan Stanley)
2,600,000 2,727,785 
California Community Choice Financing Authority Rev., VRN, 5.00%, 12/1/53 (GA: Goldman Sachs Group, Inc.)
3,000,000 3,154,696 
California Community College Financing Authority Rev., (NCCD-Orange Coast Properties LLC), 5.25%, 5/1/43
3,200,000 3,256,705 
California Community College Financing Authority Rev., (NCCD-Orange Coast Properties LLC), 5.25%, 5/1/48
4,500,000 4,551,223 
California Community Housing Agency Rev., (Fountains at Emerald Park), 4.00%, 8/1/46(1)
3,100,000 2,457,112 
California Community Housing Agency Rev., (Verdant at Green Valley Apartments), 5.00%, 8/1/49(1)
9,000,000 8,476,672 
California County Tobacco Securitization Agency Rev., 4.00%, 6/1/49
750,000 688,560 
California County Tobacco Securitization Agency Rev., 5.00%, 6/1/49
350,000 352,084 
California County Tobacco Securitization Agency Rev., (Alameda County Tobacco Securitization Corp.), 0.00%, 6/1/50(2)
22,520,000 4,332,704 
California County Tobacco Securitization Agency Rev., Capital Appreciation, 0.00%, 6/1/55(2)
5,020,000 838,978 
California Enterprise Development Authority Rev., (Academy For Academic Excellence), 5.00%, 7/1/40(1)
500,000 483,258 
California Enterprise Development Authority Rev., (Academy For Academic Excellence), 5.00%, 7/1/50(1)
500,000 454,533 
California Enterprise Development Authority Rev., (Academy For Academic Excellence), 5.00%, 7/1/55(1)
350,000 312,673 
California Health Facilities Financing Authority Rev., 4.00%, 4/1/49
9,710,000 8,986,870 
California Housing Finance Rev., 4.25%, 1/15/35
3,136,454 3,113,797 
California Housing Finance Rev., 3.50%, 11/20/35
11,788,001 10,953,084 
California Infrastructure & Economic Development Bank Rev., 4.00%, 10/1/40
5,165,000 5,292,558 
California Infrastructure & Economic Development Bank Rev., 4.00%, 10/1/45
10,000,000 9,987,256 
California Infrastructure & Economic Development Bank Rev., (California Science Center Foundation), 4.00%, 5/1/51
4,000,000 3,690,852 
California Infrastructure & Economic Development Bank Rev., (Equitable School Revolving Fund LLC Obligated Group), 4.00%, 11/1/46
1,500,000 1,352,932 
California Infrastructure & Economic Development Bank Rev., (Equitable School Revolving Fund LLC Obligated Group), 4.00%, 11/1/51
1,600,000 1,404,307 
California Municipal Finance Authority COP, (Palomar Health Obligated Group), 5.25%, 11/1/52 (AGM)
2,335,000 2,483,574 
California Municipal Finance Authority Rev., (Bowles Hall Foundation), 5.00%, 6/1/50
1,750,000 1,754,924 
California Municipal Finance Authority Rev., (California Baptist University), 5.00%, 11/1/46(1)
2,000,000 1,915,024 
California Municipal Finance Authority Rev., (CHF-Davis I LLC), 5.00%, 5/15/32 (BAM-TCRS)
3,000,000 3,225,844 
California Municipal Finance Authority Rev., (CHF-Davis I LLC), 5.00%, 5/15/51
12,205,000 12,338,087 
California Municipal Finance Authority Rev., (CHF-Davis II LLC), 4.00%, 5/15/41 (BAM)
1,000,000 956,853 
California Municipal Finance Authority Rev., (Claremont Graduate University), 5.00%, 10/1/49(1)
2,145,000 1,909,336 
California Municipal Finance Authority Rev., (Claremont Graduate University), 5.00%, 10/1/54(1)
1,875,000 1,642,312 


California Municipal Finance Authority Rev., (Clinicas del Camino Real Incorporated), 4.00%, 3/1/40
2,750,000 2,197,573 
California Municipal Finance Authority Rev., (Clinicas del Camino Real Incorporated), 4.00%, 3/1/50
6,785,000 5,019,744 
California Municipal Finance Authority Rev., (Community Health Centers of The Central Coast, Inc.), 5.00%, 12/1/54(1)
1,590,000 1,508,282 
California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 5.00%, 2/1/25, Prerefunded at 100% of Par(3)
3,615,000 3,727,473 
California Municipal Finance Authority Rev., (Community Hospitals of Central California Obligated Group), 4.00%, 2/1/51
2,000,000 1,736,378 
California Municipal Finance Authority Rev., (Congregational Home Obligated Group), 5.00%, 11/15/39
1,200,000 1,118,328 
California Municipal Finance Authority Rev., (Congregational Home Obligated Group), 5.00%, 11/15/49
4,750,000 4,090,259 
California Municipal Finance Authority Rev., (Creative Center of Los Altos), 4.00%, 11/1/26(1)
390,000 376,344 
California Municipal Finance Authority Rev., (Creative Center of Los Altos), 4.00%, 11/1/36(1)
1,400,000 1,203,733 
California Municipal Finance Authority Rev., (Creative Center of Los Altos), 4.50%, 11/1/46(1)
3,100,000 2,556,202 
California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/35
1,500,000 1,556,077 
California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/35
3,500,000 3,630,847 
California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/36
1,580,000 1,629,743 
California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/37
1,500,000 1,538,911 
California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/42
1,750,000 1,780,953 
California Municipal Finance Authority Rev., (Eisenhower Medical Center), 5.00%, 7/1/47
3,000,000 3,035,352 
California Municipal Finance Authority Rev., (Emerson College), 5.00%, 1/1/42
5,250,000 5,290,479 
California Municipal Finance Authority Rev., (Healthright 360), 5.00%, 11/1/29(1)
1,670,000 1,714,081 
California Municipal Finance Authority Rev., (Healthright 360), 5.00%, 11/1/39(1)
3,535,000 3,462,727 
California Municipal Finance Authority Rev., (Healthright 360), 5.00%, 11/1/49(1)
4,450,000 4,243,143 
California Municipal Finance Authority Rev., (HumanGood California Obligated Group), 4.00%, 10/1/49
6,250,000 5,549,816 
California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/35
350,000 352,220 
California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/40
500,000 500,625 
California Municipal Finance Authority Rev., (Northbay Healthcare Group Obligated Group), 5.00%, 11/1/44
300,000 290,219 
California Municipal Finance Authority Rev., (P3 Claremont Holdings LLC), 5.00%, 7/1/40(1)
1,515,000 1,423,716 
California Municipal Finance Authority Rev., (P3 Claremont Holdings LLC), 5.00%, 7/1/52(1)
2,075,000 1,850,951 
California Municipal Finance Authority Rev., (Palmdale Aerospace Academy, Inc.), 5.00%, 7/1/49(1)
5,100,000 4,630,886 
California Municipal Finance Authority Rev., (River Charter Schools), 5.50%, 6/1/38(1)
800,000 801,528 
California Municipal Finance Authority Rev., (River Charter Schools), 5.50%, 6/1/48(1)
2,265,000 2,202,086 
California Municipal Finance Authority Rev., (River Charter Schools), 5.50%, 6/1/53(1)
1,805,000 1,738,354 
California Municipal Finance Authority Rev., (Samuel Merritt University), 5.25%, 6/1/53
4,000,000 4,258,790 
California Municipal Finance Authority Rev., (Santa Rosa Academy LLC), 5.125%, 7/1/35(1)
905,000 902,139 
California Municipal Finance Authority Rev., (Santa Rosa Academy LLC), 5.375%, 7/1/45(1)
1,400,000 1,401,431 
California Municipal Finance Authority Rev., (Touro College and University System Obligated Group), 5.25%, 7/1/24, Prerefunded at 100% of Par(3)
950,000 970,435 
California Municipal Finance Authority Rev., (Touro College and University System Obligated Group), 5.25%, 7/1/24, Prerefunded at 100% of Par(3)
1,750,000 1,787,644 
California Municipal Finance Authority Rev., (William Jessup University), 5.00%, 8/1/48(1)
8,450,000 7,388,808 
California Municipal Finance Authority Special Tax, 4.00%, 9/1/43
1,000,000 898,231 
California Municipal Finance Authority Special Tax, 4.00%, 9/1/50
1,500,000 1,292,766 
California Municipal Finance Authority Special Tax, 5.00%, 9/1/57
5,000,000 4,943,937 
California Municipal Finance Authority Special Tax, (Community Facilities District No. 2021-13), 5.00%, 9/1/47
2,000,000 2,007,438 
California Municipal Finance Authority Special Tax, (Community Facilities District No. 2021-6), 6.00%, 9/1/52
1,700,000 1,756,315 
California Municipal Finance Authority Special Tax, (Facilities District No. 2020-4), 4.00%, 9/1/46
2,290,000 1,990,245 
California Municipal Finance Authority Special Tax, (Facilities District No. 2020-4), 4.00%, 9/1/51
3,145,000 2,666,506 
California Pollution Control Financing Authority Rev., (San Diego County Water Authority), 5.00%, 11/21/45(1)
2,500,000 2,531,448 
California Public Finance Authority Rev., (Crossroads Christian Schools Obligated Group), 5.00%, 1/1/56(1)
4,000,000 3,246,392 
California Public Finance Authority Rev., (Hoag Memorial Hospital Presbyterian Obligated Group), 5.00%, 7/15/46
1,000,000 1,085,739 
California Public Finance Authority Rev., (Kendal at Sonoma Obligated Group), 3.125%, 5/15/29(1)
2,580,000 2,414,480 
California Public Finance Authority Rev., (Kendal at Sonoma Obligated Group), 5.00%, 11/15/36(1)
1,160,000 1,128,967 
California Public Finance Authority Rev., (Kendal at Sonoma Obligated Group), 5.00%, 11/15/46(1)
1,545,000 1,378,527 
California Public Finance Authority Rev., (Kendal at Sonoma Obligated Group), 5.00%, 11/15/56(1)
2,495,000 2,136,637 
California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 5.00%, 7/1/31(1)
4,000,000 4,122,393 
California School Finance Authority Rev., (Alliance for College Ready Public Schools Obligated Group), 5.00%, 7/1/45(1)
5,000,000 5,018,553 


California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/25, Prerefunded at 100% of Par(1)(3)
110,000 114,248 
California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/40(1)
1,000,000 998,300 
California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 4.00%, 8/1/51(1)
1,300,000 1,034,504 
California School Finance Authority Rev., (Aspire Public Schools Obligated Group), 5.00%, 8/1/61(1)
4,000,000 3,730,715 
California School Finance Authority Rev., (Bright Star Schools Obligated Group), 2.00%, 6/1/27(1)
930,000 821,666 
California School Finance Authority Rev., (Bright Star Schools Obligated Group), 5.00%, 6/1/37(1)
1,800,000 1,748,834 
California School Finance Authority Rev., (Bright Star Schools Obligated Group), 4.00%, 6/1/39(1)
1,085,000 894,084 
California School Finance Authority Rev., (Bright Star Schools Obligated Group), 5.00%, 6/1/47(1)
3,130,000 2,872,158 
California School Finance Authority Rev., (Bright Star Schools Obligated Group), 4.00%, 6/1/51(1)
1,730,000 1,276,593 
California School Finance Authority Rev., (Bright Star Schools Obligated Group), 4.00%, 6/1/61(1)
2,220,000 1,578,447 
California School Finance Authority Rev., (Downtown College Prep Obligated Group), 4.00%, 6/1/26(1)
1,430,000 1,399,582 
California School Finance Authority Rev., (Downtown College Prep Obligated Group), 4.50%, 6/1/31(1)
1,500,000 1,480,190 
California School Finance Authority Rev., (Downtown College Prep Obligated Group), 4.75%, 6/1/36(1)
1,500,000 1,454,711 
California School Finance Authority Rev., (Ednovate Obligated Group), 5.00%, 6/1/30(1)
1,110,000 1,118,591 
California School Finance Authority Rev., (Ednovate Obligated Group), 5.00%, 6/1/37(1)
430,000 415,714 
California School Finance Authority Rev., (Ednovate Obligated Group), 5.00%, 6/1/48(1)
2,100,000 1,915,796 
California School Finance Authority Rev., (Ednovate Obligated Group), 5.00%, 6/1/56(1)
2,000,000 1,779,309 
California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/38(1)
1,130,000 1,144,319 
California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.375%, 8/1/42(1)
500,000 516,232 
California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/45(1)
3,500,000 3,468,107 
California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.00%, 8/1/48(1)
3,630,000 3,553,038 
California School Finance Authority Rev., (Green Dot Public Schools Obligated Group), 5.75%, 8/1/52(1)
1,650,000 1,719,506 
California School Finance Authority Rev., (Kepler Education, Inc.), 5.75%, 5/1/37(1)
1,050,000 1,052,852 
California School Finance Authority Rev., (Kepler Education, Inc.), 5.875%, 5/1/47(1)
2,425,000 2,374,568 
California School Finance Authority Rev., (Kipp SoCal Public Schools Obligated Group), 4.125%, 7/1/24(1)
250,000 249,729 
California School Finance Authority Rev., (Kipp SoCal Public Schools Obligated Group), 5.00%, 7/1/34(1)
500,000 505,958 
California School Finance Authority Rev., (Kipp SoCal Public Schools Obligated Group), 5.00%, 7/1/37(1)
1,180,000 1,208,391 
California School Finance Authority Rev., (Kipp SoCal Public Schools Obligated Group), 5.125%, 7/1/44(1)
700,000 703,326 
California School Finance Authority Rev., (Kipp SoCal Public Schools Obligated Group), 5.00%, 7/1/45(1)
1,650,000 1,658,068 
California School Finance Authority Rev., (Kipp SoCal Public Schools Obligated Group), 5.00%, 7/1/49(1)
2,000,000 2,016,637 
California School Finance Authority Rev., (Larchmont Schools), 5.00%, 6/1/33(1)
500,000 503,597 
California School Finance Authority Rev., (Larchmont Schools), 5.00%, 6/1/43(1)
550,000 543,154 
California School Finance Authority Rev., (Larchmont Schools), 5.00%, 6/1/55(1)
1,000,000 954,010 
California School Finance Authority Rev., (Lighthouse Community Public Schools Obligated Group), 6.375%, 6/1/52(1)
1,225,000 1,248,468 
California School Finance Authority Rev., (Lighthouse Community Public Schools Obligated Group), 6.50%, 6/1/62(1)
2,125,000 2,163,960 
California School Finance Authority Rev., (Orange County Educational Arts Academy), 5.625%, 6/1/43(1)
560,000 559,335 
California School Finance Authority Rev., (Orange County Educational Arts Academy), 5.875%, 6/1/53(1)
700,000 699,022 
California School Finance Authority Rev., (Partnerships to Uplift Communities Series 2023 Obligated Group), 5.50%, 8/1/43(1)(4)
550,000 555,492 
California School Finance Authority Rev., (Partnerships to Uplift Communities Series 2023 Obligated Group), 5.50%, 8/1/47(1)(4)
505,000 504,294 
California School Finance Authority Rev., (Real Journey Academies Obligated Group), 5.00%, 6/1/49(1)
5,250,000 4,663,938 
California School Finance Authority Rev., (Real Journey Academies Obligated Group), 5.00%, 6/1/50(1)
2,740,000 2,422,436 
California School Finance Authority Rev., (Real Journey Academies Obligated Group), 5.00%, 6/1/59(1)
3,915,000 3,370,777 
California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/26(1)
300,000 300,481 
California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/31(1)
870,000 873,111 
California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/36(1)
1,000,000 984,053 
California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/37(1)
360,000 349,421 
California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/46(1)
2,100,000 1,928,014 
California School Finance Authority Rev., (Rocketship Education Obligated Group), 5.00%, 6/1/53(1)
2,265,000 2,017,603 
California School Finance Authority Rev., (Summit Public Schools Obligated Group), 5.00%, 6/1/37(1)
1,000,000 963,914 
California School Finance Authority Rev., (Summit Public Schools Obligated Group), 5.00%, 6/1/47(1)
1,870,000 1,679,703 
California School Finance Authority Rev., (TEACH, Inc. Obligated Group), 5.00%, 6/1/58(1)
3,600,000 3,270,102 
California State Financial Authority Rev., (Master's University & Seminary), 5.00%, 8/1/34
1,400,000 1,441,715 


California State Financial Authority Rev., (Master's University & Seminary), 5.00%, 8/1/39
1,640,000 1,649,729 
California State Financial Authority Rev., (Master's University & Seminary), 5.00%, 8/1/48
1,000,000 973,298 
California State Public Works Board Rev., (State of California Department of Corrections & Rehabilitation), 5.00%, 9/1/39
7,000,000 7,094,138 
California Statewide Communities Development Authority Rev., (899 Charleston LLC), 5.25%, 11/1/44(1)
5,500,000 4,455,366 
California Statewide Communities Development Authority Rev., (Adventist Health System / West Obligated Group), 5.00%, 3/1/35
1,785,000 1,838,634 
California Statewide Communities Development Authority Rev., (California Baptist University), 3.50%, 11/1/27(1)
2,630,000 2,512,505 
California Statewide Communities Development Authority Rev., (California Baptist University), 5.00%, 11/1/32(1)
3,090,000 3,151,106 
California Statewide Communities Development Authority Rev., (California Baptist University), 5.00%, 11/1/41(1)
6,325,000 6,242,329 
California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/24, Prerefunded at 100% of Par(3)
1,500,000 1,530,725 
California Statewide Communities Development Authority Rev., (Collis P and Howard Huntington Memorial Hospital Obligated Group), 5.00%, 7/1/24, Prerefunded at 100% of Par(3)
2,760,000 2,816,535 
California Statewide Communities Development Authority Rev., (Emanate Health Obligated Group), 4.00%, 4/1/45
6,000,000 5,578,756 
California Statewide Communities Development Authority Rev., (Enloe Medical Center Obligated Group), 5.25%, 8/15/52 (AGM)
500,000 530,444 
California Statewide Communities Development Authority Rev., (Front Porch Communities & Services Obligated Group), 4.00%, 4/1/39
1,405,000 1,325,065 
California Statewide Communities Development Authority Rev., (Front Porch Communities & Services Obligated Group), 4.00%, 4/1/40
2,615,000 2,442,833 
California Statewide Communities Development Authority Rev., (Henry Mayo Newhall Memorial Hospital), 5.25%, 10/1/24, Prerefunded at 100% of Par (AGM)(3)
1,000,000 1,028,865 
California Statewide Communities Development Authority Rev., (HumanGood California Obligated Group), 5.00%, 10/1/45
2,400,000 2,412,492 
California Statewide Communities Development Authority Rev., (Lancer Educational Housing LLC), 5.00%, 6/1/46(1)
3,500,000 3,268,852 
California Statewide Communities Development Authority Rev., (Lancer Educational Housing LLC), 5.00%, 6/1/51(1)
1,450,000 1,333,476 
California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/26(1)
2,000,000 2,037,429 
California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/29(1)
3,155,000 3,217,158 
California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/36(1)
1,000,000 1,002,395 
California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/41(1)
1,700,000 1,646,457 
California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.00%, 12/1/46(1)
9,900,000 9,283,210 
California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.50%, 12/1/54
4,605,000 4,578,480 
California Statewide Communities Development Authority Rev., (Loma Linda University Medical Center Obligated Group), 5.50%, 12/1/58(1)
14,750,000 14,111,088 
California Statewide Communities Development Authority Rev., (Methodist Hospital of Southern California Obligated Group), 5.00%, 1/1/43
7,500,000 7,643,980 
California Statewide Communities Development Authority Rev., (Methodist Hospital of Southern California Obligated Group), 5.00%, 1/1/48
2,250,000 2,281,995 
California Statewide Communities Development Authority Rev., (Redlands Community Hospital), 4.00%, 10/1/41
6,500,000 6,215,472 
California Statewide Communities Development Authority Special Assessment, (City of San Diego CA Assessment District No. 18-01), 5.00%, 9/2/39
1,300,000 1,343,846 
California Statewide Communities Development Authority Special Assessment, (City of San Diego CA Assessment District No. 18-01), 4.00%, 9/2/44
900,000 820,929 
California Statewide Communities Development Authority Special Assessment, (County of Contra Costa Assessment District No. 14-01), 3.00%, 9/2/23
355,000 352,714 
California Statewide Communities Development Authority Special Assessment, (County of Contra Costa Assessment District No. 14-01), 3.00%, 9/2/24
365,000 354,394 
California Statewide Communities Development Authority Special Assessment, (County of Contra Costa Assessment District No. 14-01), 5.00%, 9/2/35
1,920,000 1,961,273 
California Statewide Communities Development Authority Special Assessment, (County of Contra Costa Assessment District No. 14-01), 5.00%, 9/2/45
3,810,000 3,840,464 
California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2007-01), 5.00%, 9/1/37
1,655,000 1,682,290 
California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2015-01), 5.00%, 9/1/47
1,650,000 1,674,553 


California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2016-02), 5.00%, 9/1/39
1,000,000 1,033,162 
California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2016-02), 5.00%, 9/1/49
2,095,000 2,127,438 
California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2016-02), 5.50%, 9/1/52
4,250,000 4,293,782 
California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2017-01), 5.00%, 9/1/48
7,330,000 7,433,821 
California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2018-), 4.00%, 9/1/50
1,200,000 1,023,014 
California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2018-03), 5.00%, 9/1/39
1,515,000 1,558,786 
California Statewide Communities Development Authority Special Tax, (California Statewide Communities Development Authority Cmnty Facs Dist No. 2018-03), 5.00%, 9/1/48
1,750,000 1,774,787 
California Statewide Communities Development Authority Special Tax, (Facilities District No. 2015-01), 5.50%, 9/1/42
1,000,000 1,040,374 
California Statewide Communities Development Authority Special Tax, (Facilities District No. 2015-01), 5.625%, 9/1/52
3,000,000 3,104,415 
Calimesa Special Tax, (Calimesa Community Facilities District No. 2018-1), 4.00%, 9/1/45
865,000 762,500 
Calimesa Special Tax, (Calimesa Community Facilities District No. 2018-1), 4.00%, 9/1/50
820,000 697,976 
Central Basin Municipal Water District Rev., 5.00%, 8/1/28, Prerefunded at 100% of Par(3)
5,000,000 5,565,792 
Chino Community Facilities District Special Tax, (Chino Community Facilities District No. 2019-1), 4.00%, 9/1/51
1,000,000 842,542 
Chino Community Facilities District Special Tax, (ChiNo. Community Facilities District No. 2003-3), 5.00%, 9/1/43
3,160,000 3,219,547 
Chino Community Facilities District Special Tax, (ChiNo. Community Facilities District No. 2003-3), 4.00%, 9/1/45
1,325,000 1,158,193 
Chino Community Facilities District Special Tax, (ChiNo. Community Facilities District No. 2003-3), 5.00%, 9/1/48
2,500,000 2,533,089 
Chino Community Facilities District Special Tax, (ChiNo. Community Facilities District No. 2003-3), 4.00%, 9/1/50
2,500,000 2,121,389 
Chino Community Facilities District Special Tax, (Community Facilities District No. 2003-3), 5.375%, 9/1/47
1,615,000 1,667,926 
Chino Community Facilities District Special Tax, (Community Facilities District No. 2003-3), 5.375%, 9/1/52
2,000,000 2,052,438 
Chula Vista Community Facilities District Special Tax, (Chula Vista Community Facilities District No. 06-1), 5.00%, 9/1/43
535,000 547,335 
Chula Vista Community Facilities District Special Tax, (Chula Vista Community Facilities District No. 06-1), 5.00%, 9/1/48
895,000 909,758 
City & County of San Francisco Community Facilities District No. 2016-1 Special Tax, 4.00%, 9/1/35
300,000 291,261 
City & County of San Francisco Community Facilities District No. 2016-1 Special Tax, 4.00%, 9/1/41
1,000,000 902,445 
City & County of San Francisco Community Facilities District No. 2016-1 Special Tax, 4.00%, 9/1/42
600,000 539,437 
City & County of San Francisco Community Facilities District No. 2016-1 Special Tax, 4.00%, 9/1/50
1,450,000 1,238,062 
City & County of San Francisco Community Facilities District No. 2016-1 Special Tax, 4.00%, 9/1/51
2,500,000 2,109,671 
City & County of San Francisco, Infrastructure & Revitalization Financing Dist No. 1 Tax Allocation, 5.00%, 9/1/52(1)
1,500,000 1,425,663 
City & County of San Francisco, Special Tax District No. 2020-1 Special Tax, 4.00%, 9/1/46(1)
2,475,000 2,055,103 
Corona-Norco Unified School District Special Tax, (Community Facilities District No. 05-1), 4.00%, 9/1/45
2,000,000 1,760,530 
Corona-Norco Unified School District Special Tax, (Community Facilities District No. 16-1), 5.00%, 9/1/43
2,430,000 2,478,061 
Corona-Norco Unified School District Special Tax, (Community Facilities District No. 16-1), 5.00%, 9/1/48
1,500,000 1,521,246 
CSCDA Community Improvement Authority Rev., (1818 Platinum Triangle-Anaheim), 3.25%, 4/1/57(1)
7,135,000 4,956,178 
CSCDA Community Improvement Authority Rev., (1818 Platinum Triangle-Anaheim), 4.00%, 4/1/57(1)
5,500,000 3,789,551 
CSCDA Community Improvement Authority Rev., (Altana Apartments), 4.00%, 10/1/56(1)
13,000,000 9,564,706 
CSCDA Community Improvement Authority Rev., (Escondido Portfolio), 4.00%, 12/1/59(1)
12,000,000 7,380,617 
CSCDA Community Improvement Authority Rev., (Oceanaire Apartments), 4.00%, 9/1/56(1)
6,235,000 4,662,008 
CSCDA Community Improvement Authority Rev., (Orange Portfolio), 4.00%, 3/1/57(1)
3,235,000 2,281,722 
CSCDA Community Improvement Authority Rev., (Parrallel-Anaheim), 4.00%, 8/1/56(1)
4,915,000 3,612,672 
CSCDA Community Improvement Authority Rev., (Pasadena Portfolio), 2.65%, 12/1/46(1)
1,495,000 1,149,345 
CSCDA Community Improvement Authority Rev., (Renaissance at City Center), 5.00%, 7/1/51(1)
8,250,000 7,480,235 
CSCDA Community Improvement Authority Rev., (Westgate Apartments), 4.00%, 9/1/46(1)
1,925,000 1,537,836 
CSCDA Community Improvement Authority Rev., (Westgate Apartments), 4.00%, 2/1/57(1)
4,000,000 2,796,215 
CSCDA Community Improvement Authority Rev., (Westgate Apartments), 3.125%, 6/1/57(1)
5,385,000 3,505,271 
CSCDA Community Improvement Authority Rev., (Westgate Apartments), 4.00%, 6/1/57(1)
2,500,000 1,715,898 
Dixon Special Tax, (Dixon Community Facilities District No. 2013-1 Homestead), 5.00%, 9/1/45
4,780,000 4,818,175 
Dixon Special Tax, (Dixon Community Facilities District No. 2019-1 Homestead), 4.00%, 9/1/45
1,000,000 880,265 
Dixon Special Tax, (Dixon Community Facilities District No. 2019-1 Homestead), 5.00%, 9/1/48
1,400,000 1,349,194 
Dixon Special Tax, (Dixon Community Facilities District No. 2019-1 Homestead), 5.00%, 9/1/53
1,600,000 1,528,186 


Dublin Special Tax, (Community Facilities District No. 2015-1), 5.50%, 9/1/47
2,630,000 2,712,761 
Dublin Special Tax, (Community Facilities District No. 2015-1), 5.50%, 9/1/51
3,040,000 3,121,229 
Dublin Community Facilities District Improvement Area No. 1 Special Tax, 5.00%, 9/1/29
665,000 699,993 
Dublin Community Facilities District Improvement Area No. 1 Special Tax, 5.00%, 9/1/37
1,150,000 1,182,666 
Dublin Community Facilities District Improvement Area No. 1 Special Tax, 5.00%, 9/1/39
2,200,000 2,241,641 
Dublin Community Facilities District Improvement Area No. 1 Special Tax, 5.00%, 9/1/47
2,840,000 2,876,796 
East Bay Municipal Utility District Wastewater System Rev., 5.00%, 6/1/42
600,000 674,893 
East Bay Municipal Utility District Wastewater System Rev., 5.00%, 6/1/45
1,200,000 1,340,025 
East Garrison Public Finance Authority Special Tax, 5.00%, 9/1/46
1,170,000 1,182,323 
El Dorado County Special Tax, (Community Facilities District No. 2014-1), 4.00%, 9/1/43
1,250,000 1,122,789 
El Dorado County Special Tax, (Community Facilities District No. 2014-1), 4.00%, 9/1/46
2,350,000 2,080,861 
El Dorado County Special Tax, (El County Dorado Community Facilities District No. 2018-1 Bass Lake Hills), 5.00%, 9/1/34
450,000 473,589 
El Dorado County Special Tax, (El County Dorado Community Facilities District No. 2018-1 Bass Lake Hills), 5.00%, 9/1/39
725,000 746,982 
El Dorado County Special Tax, (El County Dorado Community Facilities District No. 2018-1 Bass Lake Hills), 5.00%, 9/1/44
1,300,000 1,324,204 
El Dorado County Special Tax, (El County Dorado Community Facilities District No. 2018-1 Bass Lake Hills), 5.00%, 9/1/49
1,500,000 1,519,931 
Elk Grove Finance Authority Special Tax, (Community Facilities District No. 2005-1 Laguna Ridge), 5.00%, 9/1/43
1,040,000 1,047,032 
Emeryville Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/34 (AGM)
1,000,000 1,023,497 
Escondido Special Tax, (Escondido Community Facilities District No. 2020-2), 5.00%, 9/1/52
2,700,000 2,702,560 
Fairfield Community Facilities District Special Tax, (District No. 2016-1), 4.00%, 9/1/41
1,145,000 1,045,019 
Fairfield Community Facilities District Special Tax, (District No. 2016-1), 4.00%, 9/1/45
2,000,000 1,763,006 
Fairfield Community Facilities District Special Tax, (Fairfield Community Facilities District No. 2019-1), 5.00%, 9/1/35(1)
735,000 775,217 
Fairfield Community Facilities District Special Tax, (Fairfield Community Facilities District No. 2019-1), 5.00%, 9/1/50(1)
3,250,000 3,291,883 
Folsom Ranch Financing Authority Special Tax, (Community Facilities District No. 20), 5.00%, 9/1/42
1,680,000 1,696,047 
Folsom Ranch Financing Authority Special Tax, (Community Facilities District No. 20), 5.125%, 9/1/47
1,250,000 1,260,588 
Folsom Ranch Financing Authority Special Tax, (Community Facilities District No. 20), 5.125%, 9/1/52
1,300,000 1,302,645 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 19), 5.00%, 9/1/39
1,255,000 1,289,025 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 19), 5.00%, 9/1/44
2,285,000 2,319,708 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 19), 5.00%, 9/1/47
4,325,000 4,295,603 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 20), 5.00%, 9/1/33
530,000 554,166 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 20), 5.00%, 9/1/38
845,000 860,965 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 20), 5.00%, 9/1/48
1,675,000 1,677,874 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 21), 5.00%, 9/1/35
1,285,000 1,331,741 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 21), 5.00%, 9/1/39
1,555,000 1,581,059 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 21), 5.00%, 9/1/44
2,540,000 2,554,001 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 21), 4.00%, 9/1/46
800,000 691,263 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 23), 4.00%, 9/1/40
1,245,000 1,133,868 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 23), 4.00%, 9/1/45
1,075,000 938,350 
Folsom Ranch Financing Authority Special Tax, (Folsom Community Facilities District No. 23), 4.00%, 9/1/50
1,140,000 962,873 
Fontana Special Tax, (Fontana Community Facilities District No. 31), 5.00%, 9/1/35
1,365,000 1,426,450 
Fontana Special Tax, (Fontana Community Facilities District No. 85), 4.00%, 9/1/45
750,000 661,127 
Fontana Special Tax, (Fontana Community Facilities District No. 85), 4.00%, 9/1/50
900,000 769,647 
Foothill-Eastern Transportation Corridor Agency Rev., 4.00%, 1/15/46
1,475,000 1,398,165 
Foothill-Eastern Transportation Corridor Agency Rev., 4.00%, 1/15/46
4,250,000 4,028,610 
Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/42(2)
6,000,000 2,499,161 
Foothill-Eastern Transportation Corridor Agency Rev., Capital Appreciation, VRN, 0.00%, 1/15/42
2,200,000 2,557,038 
Fort Bragg Unified School District GO, 5.50%, 8/1/52
1,450,000 1,581,780 
Fremont Community Facilities District No. 1 Special Tax, 5.00%, 9/1/40
3,000,000 3,031,239 
Fremont Community Facilities District No. 1 Special Tax, 5.00%, 9/1/45
2,000,000 2,015,973 
Fresno Unified School District GO, 4.00%, 8/1/52
2,500,000 2,409,807 
Fullerton Public Financing Authority Rev., (Marshall B Ketchum University), 4.00%, 2/1/51
2,500,000 2,306,402 
Golden State Tobacco Securitization Corp. Rev., 5.00%, 6/1/51
4,000,000 4,168,503 
Golden State Tobacco Securitization Corp. Rev., Capital Appreciation, 0.00%, 6/1/66(2)
34,750,000 3,530,037 


Hastings Campus Housing Finance Authority Rev., 5.00%, 7/1/61(1)
5,335,000 4,292,671 
Hastings Campus Housing Finance Authority Rev., Capital Appreciation, VRN, 0.00%, 7/1/61(1)
14,365,000 4,957,112 
Hemet Unified School District Financing Authority Special Tax, 5.00%, 9/1/39
2,100,000 2,122,725 
Hesperia Special Tax, (Community Facilities District No. 2005-1), 5.00%, 9/1/29
1,060,000 1,078,953 
Independent Cities Finance Authority Rev., (Compton Sales Tax Rev.), 4.00%, 6/1/46 (AGM)(1)
900,000 878,466 
Independent Cities Finance Authority Rev., (Compton Sales Tax Rev.), 4.00%, 6/1/51 (AGM)(1)
3,400,000 3,268,144 
Independent Cities Finance Authority Rev., (Millennium Housing LLC), 5.00%, 9/15/50
2,000,000 2,091,122 
Independent Cities Finance Authority Rev., (Palomar Estates East), 5.00%, 9/15/36
1,000,000 988,458 
Independent Cities Finance Authority Rev., (Palomar Estates West), 5.00%, 9/15/36
1,500,000 1,482,687 
Inland Valley Development Agency Tax Allocation, 5.25%, 9/1/37
1,110,000 1,121,351 
Irvine Special Assessment, (Irvine Reassessment District No. 15-2), 5.00%, 9/2/42
1,500,000 1,514,833 
Irvine Special Tax, (Irvine Community Facilities District No. 2013-3), 5.00%, 9/1/48
2,500,000 2,538,895 
Jurupa Unified School District Special Tax, (Community Facilities District No. 11), 4.00%, 9/1/47
1,000,000 874,555 
Jurupa Unified School District Special Tax, (Community Facilities District No. 6), 5.00%, 9/1/38
1,000,000 1,030,173 
Jurupa Unified School District Special Tax, (Community Facilities District No. 6), 5.00%, 9/1/43
1,255,000 1,278,649 
Lake Elsinore Special Tax, (Lake Elsinore Community Facilities District No. 2016-2), 5.00%, 9/1/43
2,470,000 2,518,852 
Lake Elsinore Special Tax, (Lake Elsinore Community Facilities District No. 2016-2), 5.00%, 9/1/48
3,640,000 3,691,557 
Lake Elsinore Public Financing Authority Special Tax, 5.00%, 9/1/40
1,925,000 1,954,505 
Lake Elsinore Unified School District Community Facilities District Special Tax, (District No. 2013-1), 4.00%, 9/1/42
600,000 541,537 
Lake Elsinore Unified School District Community Facilities District Special Tax, (District No. 2013-1), 4.00%, 9/1/47
900,000 787,100 
Lammersville Joint Unified School District Special Tax, (Lammersville Joint Unified School District Community Facilities Dist No. 2007-1), 6.00%, 9/1/43
1,250,000 1,254,717 
Lammersville Joint Unified School District Special Tax, (Lammersville Joint Unified School District Community Facilities Dist No. 2014-1), 5.00%, 9/1/43
775,000 790,328 
Lammersville Joint Unified School District Special Tax, (Lammersville Joint Unified School District Community Facilities District No. 200), 5.00%, 9/1/27
450,000 469,943 
Lammersville Joint Unified School District Special Tax, (Lammersville Joint Unified School District Community Facilities District No. 200), 5.00%, 9/1/28
505,000 527,226 
Lammersville Joint Unified School District Special Tax, (Lammersville Joint Unified School District Community Facilities District No. 200), 5.00%, 9/1/30
1,300,000 1,357,427 
Lammersville Joint Unified School District Special Tax, (Lammersville Joint Unified School District Community Facilities District No. 200), 5.00%, 9/1/32
1,510,000 1,575,194 
Lee Lake Water District Financing Corp. Special Tax, (Community Facilities District No. 4 Terramor), 5.00%, 9/1/43
4,730,000 4,825,763 
Lee Lake Water District Financing Corp. Special Tax, (Community Facilities District No. 4 Terramor), 4.00%, 9/1/46
1,040,000 900,952 
Lee Lake Water District Financing Corp. Special Tax, (Community Facilities District No. 4 Terramor), 5.00%, 9/1/48
6,040,000 6,125,550 
Lee Lake Water District Financing Corp. Special Tax, (Community Facilities District No. 4 Terramor), 4.00%, 9/1/51
930,000 784,450 
Long Beach Bond Finance Authority Rev., 5.50%, 11/15/37 (GA: Merrill Lynch & Co.)
1,150,000 1,241,446 
Los Angeles Community Facilities District Special Tax, (District No. 11), 4.00%, 9/1/46
1,500,000 1,297,357 
Los Angeles County Community Facilities District No. 2021-01 Special Tax, 5.00%, 9/1/52
1,000,000 994,439 
Los Angeles County Public Works Financing Authority Rev., (Los Angeles County), 5.00%, 12/1/49
7,000,000 7,538,180 
Los Angeles Department of Airports Rev., 5.00%, 5/15/39
5,000,000 5,522,080 
Los Angeles Department of Airports Rev., 5.00%, 5/15/48
3,000,000 3,289,772 
Los Angeles Department of Water & Power Rev., 5.00%, 7/1/40
4,000,000 4,461,928 
Los Angeles Department of Water & Power Rev., 5.00%, 7/1/51
5,000,000 5,434,890 
Los Angeles Department of Water & Power Rev., 5.00%, 7/1/52
5,165,000 5,624,512 
Los Angeles Department of Water & Power Rev., (Los Angeles Department of Water & Power Power System Rev.), 5.00%, 7/1/47
1,000,000 1,100,403 
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/50
5,000,000 5,405,942 
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/52
3,000,000 3,289,641 
Los Angeles Department of Water & Power Water System Rev., 5.00%, 7/1/51
7,595,000 8,241,074 
Los Angeles Department of Water & Power Water System Rev., VRDN, 3.09%, 6/1/23 (SBBPA: Barclays Bank PLC)
2,150,000 2,150,000 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/23
100,000 100,170 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/23
110,000 110,239 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/24
250,000 252,966 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/25
175,000 178,505 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/25
260,000 266,275 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/26
115,000 119,510 


Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/26
135,000 139,376 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/27
100,000 105,273 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/28
100,000 105,458 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/28
100,000 105,726 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/33
250,000 263,247 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/33
340,000 357,940 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/38
250,000 258,135 
Marina Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 9/1/38
400,000 413,017 
Menifee Union School District Special Tax, (Community Facilities District No. 2011-1), 5.00%, 9/1/43
1,000,000 1,017,444 
Menifee Union School District Special Tax, (Community Facilities District No. 2011-1), 5.00%, 9/1/44
2,245,000 2,279,100 
Menifee Union School District Special Tax, (Community Facilities District No. 2011-1), 5.00%, 9/1/48
1,500,000 1,517,073 
Menifee Union School District Special Tax, (Community Facilities District No. 2011-1), 5.25%, 9/1/52
2,000,000 2,037,089 
Menifee Union School District Public Financing Authority Special Tax, 5.00%, 9/1/24
1,200,000 1,212,342 
Metropolitan Water District of Southern California Rev., 5.00%, 10/1/49
4,605,000 4,988,622 
Middle Fork Project Finance Authority Rev., 5.00%, 4/1/34
2,325,000 2,512,819 
Middle Fork Project Finance Authority Rev., 5.00%, 4/1/35
2,230,000 2,395,727 
Middle Fork Project Finance Authority Rev., 5.00%, 4/1/36
1,800,000 1,919,713 
Moreno Valley Unified School District Community Facilities District Special Tax, (District No. 2018-1), 4.00%, 9/1/52
3,985,000 3,363,699 
Mountain View Los Altos Union High School District GO, 4.00%, 8/1/35
3,855,000 4,136,949 
M-S-R Energy Authority Rev., 7.00%, 11/1/34 (GA: Citigroup Global Markets)
1,700,000 2,045,168 
M-S-R Energy Authority Rev., 6.50%, 11/1/39 (GA: Citigroup Global Markets)
4,000,000 4,648,535 
Murrieta Community Facilities District Special Tax, (District No. 2005-5 Golden City), 5.00%, 9/1/42
655,000 666,742 
Murrieta Community Facilities District Special Tax, (District No. 2005-5 Golden City), 5.00%, 9/1/46
825,000 836,131 
North Lake Tahoe Public Financing Authority Rev., (Placer County), 5.50%, 12/1/47
4,425,000 4,991,846 
Northern Inyo County Local Hospital District GO, 0.00%, 11/1/34 (AGC)(2)
1,325,000 827,364 
Northern Inyo County Local Hospital District GO, 0.00%, 11/1/36 (AGC)(2)
2,885,000 1,599,320 
Northern Inyo County Local Hospital District Rev., 3.875%, 12/1/23, Prerefunded at 100% of Par(3)
2,725,000 2,729,056 
Oak Grove School District GO, 5.00%, 8/1/52
4,000,000 4,381,567 
Ontario Special Tax, (Ontario Community Facilities District No. 57), 4.25%, 9/1/37
415,000 397,817 
Ontario Special Tax, (Ontario Community Facilities District No. 57), 4.625%, 9/1/42
650,000 635,812 
Ontario Special Tax, (Ontario Community Facilities District No. 57), 4.75%, 9/1/47
840,000 817,717 
Ontario Special Tax, (Ontario Community Facilities District No. 57), 4.75%, 9/1/52
825,000 785,387 
Ontario Community Facilities District No. 24 Special Tax, 5.00%, 9/1/26
390,000 402,641 
Ontario Community Facilities District No. 24 Special Tax, 5.00%, 9/1/41
2,065,000 2,085,254 
Ontario Community Facilities District No. 28 Special Tax, 5.00%, 9/1/42
1,000,000 1,019,862 
Ontario Community Facilities District No. 28 Special Tax, 5.00%, 9/1/47
500,000 507,248 
Ontario Community Facilities District No. 30 Special Tax, 4.00%, 9/1/42
1,395,000 1,262,341 
Ontario Community Facilities District No. 30 Special Tax, 4.00%, 9/1/48
2,000,000 1,743,162 
Ontario Community Facilities District No. 31 Special Tax, 5.00%, 9/1/42
1,050,000 1,067,605 
Ontario Community Facilities District No. 34 Special Tax, 4.00%, 9/1/48
1,000,000 868,964 
Ontario Community Facilities District No. 43 Special Tax, 4.00%, 9/1/50
1,000,000 852,512 
Orange County Community Facilities District Special Tax, (Community Facilities District No. 2017-1), 5.00%, 8/15/42
2,500,000 2,572,493 
Orange County Community Facilities District Special Tax, (Community Facilities District No. 2021-1), 5.00%, 8/15/52
4,200,000 4,234,835 
Orange County Community Facilities District Special Tax, (Orange County Community Facilities District No. 2015-1), 5.25%, 8/15/45
3,905,000 3,962,355 
Orange County Community Facilities District Special Tax, (Orange County Community Facilities District No. 2016-1), 5.00%, 8/15/46
10,000,000 10,106,970 
Oroville Rev., 5.25%, 4/1/49
3,000,000 2,440,656 
Oroville Rev., (Oroville Hospital), 5.25%, 4/1/39
2,350,000 2,004,805 
Oxnard School District GO, 4.25%, 8/1/53 (BAM)
3,000,000 2,991,631 
Palm Desert Special Tax, (Palm Desert Community Facilities District No. 2021-1), 3.00%, 9/1/31
410,000 375,148 
Palm Desert Special Tax, (Palm Desert Community Facilities District No. 2021-1), 4.00%, 9/1/41
900,000 815,257 
Palm Desert Special Tax, (Palm Desert Community Facilities District No. 2021-1), 4.00%, 9/1/51
1,300,000 1,107,454 
Palomar Health COP, (Palomar Health Obligated Group), 4.00%, 11/1/38
1,445,000 1,322,489 
Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/27
2,005,000 2,072,813 


Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/30
3,000,000 3,108,312 
Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/31
2,125,000 2,201,459 
Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/36
8,465,000 8,628,650 
Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/39
8,250,000 8,333,079 
Palomar Health Rev., (Palomar Health Obligated Group), 5.00%, 11/1/42
10,000,000 10,070,596 
Peninsula Corridor Joint Powers Board Rev., 5.00%, 6/1/51
10,000,000 10,840,800 
Perris Joint Powers Authority Special Tax, 5.00%, 9/1/34
1,555,000 1,623,026 
Perris Union High School District Special Tax, (Community Facilities District No. 92-1), 5.00%, 9/1/41
4,750,000 4,787,677 
Pleasant Valley School District / Ventura County GO, 5.85%, 8/1/31 (NATL)
4,835,000 5,394,750 
Rancho Cordova Special Tax, (Community Facilities District No. 2021-1), 5.25%, 9/1/52
2,000,000 2,009,137 
Rancho Cordova Special Tax, (Sunridge Anatolia Community Facilities Dist No. 2003-1), 4.00%, 9/1/37
3,000,000 2,846,320 
Rancho Cordova Special Tax, (Sunridge No.rth Douglas Community Facs Dist No. 2005-1), 5.00%, 9/1/40
1,195,000 1,206,680 
Rancho Cordova Special Tax, (Sunridge No.rth Douglas Community Facs Dist No. 2005-1), 4.00%, 9/1/45
1,025,000 902,271 
Rancho Cordova Special Tax, (Sunridge No.rth Douglas Community Facs Dist No. 2005-1), 5.00%, 9/1/45
1,250,000 1,259,452 
Redwood City Redevelopment Agency Successor Agency Tax Allocation, Capital Appreciation, 0.00%, 7/15/28 (Ambac)(2)
3,405,000 2,842,985 
Regents of the University of California Medical Center Pooled Rev., VRDN, 2.90%, 6/1/23
200,000 200,000 
Riverside County Community Facilities Districts Special Tax, (District No. 04-2), 5.00%, 9/1/30
1,035,000 1,038,227 
Riverside County Community Facilities Districts Special Tax, (District No. 04-2), 5.00%, 9/1/35
2,520,000 2,526,809 
Riverside County Community Facilities Districts Special Tax, (District No. 05-8), 5.00%, 9/1/48
2,500,000 2,535,410 
Riverside County Community Facilities Districts Special Tax, (District No. 07-2), 5.00%, 9/1/40
2,250,000 2,271,513 
Riverside County Community Facilities Districts Special Tax, (District No. 07-2), 5.00%, 9/1/42
1,110,000 1,129,898 
Riverside County Community Facilities Districts Special Tax, (District No. 07-2), 5.00%, 9/1/44
2,735,000 2,756,453 
Riverside County Community Facilities Districts Special Tax, (District No. 07-2), 5.00%, 9/1/45
540,000 547,827 
Riverside County Transportation Commission Rev., 5.75%, 6/1/23, Prerefunded at 100% of Par(3)
500,000 500,000 
Riverside County Transportation Commission Rev., 4.00%, 6/1/46
1,475,000 1,355,238 
Riverside County Transportation Commission Rev., 4.00%, 6/1/47
2,500,000 2,270,420 
Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/41(2)
2,000,000 826,852 
Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/42(2)
3,320,000 1,318,788 
Riverside County Transportation Commission Rev., Capital Appreciation, 0.00%, 6/1/43(2)
5,000,000 1,880,567 
Riverside Unified School District Special Tax, 4.00%, 9/1/50
875,000 745,948 
Riverside Unified School District Special Tax, (Riverside Unified School District Community Facilities District No. 32), 4.00%, 9/1/43
1,600,000 1,431,425 
Riverside Unified School District Special Tax, (Riverside Unified School District Community Facilities District No. 32), 4.00%, 9/1/48
1,850,000 1,605,170 
Riverside Water Rev., 5.00%, 10/1/47
1,000,000 1,106,866 
Riverside Water Rev., 5.00%, 10/1/52
1,000,000 1,099,581 
Romoland School District Special Tax, (Romoland School District Community Facilities District No. 2004-1 Heritage Lake), 5.00%, 9/1/38
2,900,000 2,933,603 
Romoland School District Special Tax, (Romoland School District Community Facilities District No. 2004-1 Heritage Lake), 5.00%, 9/1/43
3,000,000 3,039,777 
Romoland School District Special Tax, (Romoland School District Community Facilities District No. 91-1 Heritage Lake), 5.00%, 9/1/41
1,250,000 1,268,109 
Roseville Special Tax, (Ranch Community Facilities District No. 5), 5.00%, 9/1/32(1)
1,265,000 1,323,146 
Roseville Special Tax, (Ranch Community Facilities District No. 5), 5.00%, 9/1/47(1)
6,500,000 6,579,222 
Roseville Special Tax, (Roseville Creekview Community Facilities District No. 1), 5.00%, 9/1/45
1,280,000 1,304,177 
Roseville Special Tax, (Roseville Creekview Community Facilities District No. 1), 5.00%, 9/1/50
250,000 253,069 
Roseville Special Tax, (Roseville Ranch at Sierra Vista Community Facilities District No. 1), 4.00%, 9/1/45
450,000 388,969 
Roseville Special Tax, (Roseville Ranch at Sierra Vista Community Facilities District No. 1), 4.00%, 9/1/50
1,000,000 839,425 
Roseville Special Tax, (Roseville SVSP Westpark-Federico Community Facilities District No. 1), 5.00%, 9/1/39
445,000 460,003 
Roseville Special Tax, (Roseville SVSP Westpark-Federico Community Facilities District No. 1), 5.00%, 9/1/44
500,000 510,851 
Roseville Special Tax, (Roseville SVSP Westpark-Federico Community Facilities District No. 1), 4.00%, 9/1/46
640,000 564,253 
Roseville Special Tax, (Roseville SVSP Westpark-Federico Community Facilities District No. 1), 5.00%, 9/1/49
700,000 711,217 
Roseville Special Tax, (Roseville SVSP Westpark-Federico Community Facilities District No. 1), 4.00%, 9/1/51
1,290,000 1,105,909 
Roseville Special Tax, (Roseville Villages at Sierra Vista Community Facilities District No. 1), 5.00%, 9/1/44
3,230,000 3,291,313 
Roseville Special Tax, (Villages at Sierra Vista Community Facilities District No. 1), 5.00%, 9/1/36
685,000 716,226 


Roseville Special Tax, (Villages at Sierra Vista Community Facilities District No. 1), 5.00%, 9/1/39
1,390,000 1,431,501 
Roseville Special Tax, (Villages at Sierra Vista Community Facilities District No. 1), 4.00%, 9/1/45
495,000 438,808 
Roseville Special Tax, (Villages at Sierra Vista Community Facilities District No. 1), 4.00%, 9/1/50
650,000 560,199 
Roseville Special Tax, (Westbrook Community Facilities District No. 1), 5.00%, 9/1/40
1,670,000 1,716,359 
Roseville Special Tax, (Westbrook Community Facilities District No. 1), 5.00%, 9/1/43
2,840,000 2,864,516 
Roseville Special Tax, (Westbrook Community Facilities District No. 1), 5.00%, 9/1/44
1,650,000 1,650,167 
Roseville Special Tax, (Westbrook Community Facilities District No. 1), 5.00%, 9/1/44
2,950,000 3,014,020 
Roseville Special Tax, (Westbrook Community Facilities District No. 1), 5.00%, 9/1/49
850,000 863,621 
Roseville Natural Gas Financing Authority Rev., 5.00%, 2/15/27 (GA: Merrill Lynch & Co.)
5,000,000 5,103,876 
Sacramento Special Tax, (Community Facilities District No. 2006-2), 5.00%, 9/1/41
1,900,000 1,925,490 
Sacramento Special Tax, (Community Facilities District No. 2006-2), 5.00%, 9/1/46
2,250,000 2,271,673 
Sacramento Special Tax, (Community Facilities District No. 2007-1), 5.00%, 9/1/32(1)
300,000 313,119 
Sacramento Special Tax, (Community Facilities District No. 2007-1), 5.00%, 9/1/47(1)
1,900,000 1,926,079 
Sacramento Special Tax, (Sacramento Greenbriar Community Facilities District No. 2018-03), 4.00%, 9/1/46
1,200,000 1,051,893 
Sacramento Special Tax, (Sacramento Greenbriar Community Facilities District No. 2018-03), 4.00%, 9/1/50
1,500,000 1,278,767 
Sacramento County Special Tax, (Community Facilities District No. 2004-1), 5.00%, 9/1/29
1,000,000 1,051,101 
Sacramento County Special Tax, (Community Facilities District No. 2004-1), 5.00%, 9/1/30
1,170,000 1,222,617 
Sacramento County Special Tax, (Community Facilities District No. 2004-1), 5.00%, 9/1/31
1,355,000 1,415,376 
Sacramento County Special Tax, (Community Facilities District No. 2004-1), 5.00%, 9/1/32
665,000 694,506 
Sacramento County Special Tax, (Community Facilities District No. 2004-1), 5.00%, 9/1/35
2,335,000 2,421,723 
Sacramento County Special Tax, (Community Facilities District No. 2004-1), 5.00%, 9/1/40
3,000,000 3,052,058 
Sacramento County Special Tax, (Community Facilities District No. 2005-2), 5.00%, 9/1/40
2,325,000 2,356,491 
Sacramento County Special Tax, (Community Facilities District No. 2005-2), 5.00%, 9/1/45
4,645,000 4,690,582 
Sacramento County Special Tax, (Community Facilities District No. 2014-2), 5.00%, 9/1/46
3,375,000 3,405,485 
Salinas Union High School District GO, 4.00%, 8/1/47
5,000,000 4,878,404 
San Bernardino County Special Tax, (County of San BernardiNo. CA Community Facilities District No.. 2006-1), 4.00%, 9/1/42
700,000 631,793 
San Bernardino County Special Tax, (County of San BernardiNo. CA Community Facilities District No.. 2006-1), 5.00%, 9/1/43
1,300,000 1,325,712 
San Bernardino County Special Tax, (County of San BernardiNo. CA Community Facilities District No.. 2006-1), 4.00%, 9/1/48
1,000,000 868,964 
San Bernardino County Special Tax, (County of San BernardiNo. CA Community Facilities District No.. 2006-1), 5.00%, 9/1/48
1,200,000 1,216,997 
San Clemente Special Tax, (Community Facilities District No. 2006-1), 5.00%, 9/1/46
7,530,000 7,585,977 
San Diego County Special Tax, (San County Diego Community Facilities District No. 2008-01), 4.00%, 9/1/43
1,255,000 1,137,886 
San Diego County Special Tax, (San County Diego Community Facilities District No. 2008-01), 4.00%, 9/1/48
1,250,000 1,094,408 
San Diego County Regional Airport Authority Rev., 5.00%, 7/1/23, Prerefunded at 100% of Par(3)
500,000 500,657 
San Diego County Regional Airport Authority Rev., 5.00%, 7/1/36
3,750,000 4,141,488 
San Diego County Regional Airport Authority Rev., 5.00%, 7/1/39
2,000,000 2,163,420 
San Diego County Regional Airport Authority Rev., 5.00%, 7/1/44
3,425,000 3,455,152 
San Diego County Regional Airport Authority Rev., 5.00%, 7/1/49
8,500,000 8,940,604 
San Diego County Water Authority Rev., 5.00%, 5/1/52
1,000,000 1,097,434 
San Diego Public Facilities Financing Authority Rev., (San Diego Sewer Utility), 5.00%, 5/15/52
3,000,000 3,283,847 
San Diego Public Facilities Financing Authority Rev., (San Diego Water Utility), 5.25%, 8/1/48
3,750,000 4,255,235 
San Francisco Bay Area Rapid Transit District GO, 5.25%, 8/1/47
4,750,000 5,336,807 
San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/43
6,750,000 7,525,736 
San Francisco City & County Redevelopment Agency Successor Agency Special Tax, (Facilities District No. 6), Capital Appreciation, 0.00%, 8/1/43(2)
5,500,000 1,697,010 
San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation, 5.00%, 8/1/33
780,000 799,828 
San Jacinto Community Facilities District Special Tax, (Community Facilities District No. 2002-1), 5.00%, 9/1/28
1,080,000 1,120,687 
San Jacinto Community Facilities District Special Tax, (Community Facilities District No. 2002-1), 5.00%, 9/1/29
1,165,000 1,209,152 
San Joaquin Hills Transportation Corridor Agency Rev., 5.25%, 1/15/44
6,000,000 6,111,941 
San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/25 (NATL)(2)
3,090,000 2,896,570 
San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/29 (NATL)(2)
165,000 132,888 
San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/31 (NATL)(2)
16,000,000 11,824,181 
San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/32 (NATL)(2)
290,000 204,619 


San Joaquin Hills Transportation Corridor Agency Rev., Capital Appreciation, 0.00%, 1/15/36 (NATL)(2)
1,335,000 772,250 
San Jose Financing Authority Rev., (San Jose Wastewater Rev.), 5.00%, 11/1/52
5,395,000 5,972,486 
San Luis Obispo Community Facilities District No. 2019-1 Special Tax, 4.00%, 9/1/46
550,000 482,118 
San Luis Obispo Community Facilities District No. 2019-1 Special Tax, 4.00%, 9/1/51
700,000 595,380 
San Mateo Foster City School District GO, 4.00%, 8/1/51
4,000,000 3,918,781 
Santa Clara Valley Water District Safe Clean Water Rev., 5.00%, 8/1/47
1,500,000 1,665,290 
Santa Margarita Water District Special Tax, (Community Facilities District No. 2013-1), 5.625%, 9/1/43
1,200,000 1,206,494 
Saugus/Hart School Facilities Financing Authority Special Tax, (Community Facilities District No. 2006-1), 5.00%, 9/1/46
2,495,000 2,514,258 
Saugus-Castaic School Facilities Financing Authority Special Tax, (Community Facilities District No. 2006-1C), 6.00%, 9/1/43
1,435,000 1,440,344 
Silicon Valley Tobacco Securitization Authority Rev., Capital Appreciation, 0.00%, 6/1/36(2)
32,000,000 15,452,678 
Silicon Valley Tobacco Securitization Authority Rev., Capital Appreciation, 0.00%, 6/1/41(2)
11,465,000 4,075,782 
South Orange County Public Financing Authority Rev., (Orange County), 5.00%, 6/1/52
5,000,000 5,368,432 
South San Francisco Special Tax, (Community Facilities District No. 2021-01), 5.00%, 9/1/52
2,200,000 2,231,396 
South San Francisco Special Tax, (South San Francisco Community Facilities District No. 2021-01), 4.00%, 9/1/44
1,000,000 899,649 
Southern California Public Power Authority Rev., 5.00%, 11/1/29 (GA: Goldman Sachs Group, Inc.)
2,000,000 2,110,454 
Southern California Public Power Authority Rev., 5.00%, 11/1/33 (GA: Goldman Sachs Group, Inc.)
3,755,000 4,031,251 
Southern Mono Health Care District GO, Capital Appreciation, 0.00%, 8/1/26 (NATL)(2)
1,800,000 1,605,892 
State Center Community College District GO, 5.00%, 8/1/47
9,000,000 9,925,160 
State of California GO, 5.00%, 9/1/42
870,000 932,498 
State of California GO, 5.25%, 10/1/45
1,070,000 1,226,637 
State of California GO, 5.00%, 10/1/47
8,375,000 8,713,021 
State of California GO, 5.00%, 9/1/52
5,000,000 5,502,358 
Stockton Community Facilities District Special Tax, (Stockton Community Facilities District No. 2018-2), 4.00%, 9/1/45
1,115,000 957,313 
Stockton Community Facilities District Special Tax, (Stockton Community Facilities District No. 2018-2), 4.00%, 9/1/50
1,500,000 1,260,799 
Stockton Public Financing Authority Rev., Special Tax, (Stockton Arch Road East Community Facilities District No. 99-02), 5.00%, 9/1/37
2,500,000 2,588,375 
Stockton Public Financing Authority Rev., Special Tax, (Stockton Arch Road East Community Facilities District No. 99-02), 5.00%, 9/1/43
3,000,000 3,057,933 
Sulphur Springs Union School District Special Tax, (Sulphur Springs School District Community Facilities District No. 2006-1), 5.00%, 9/1/47
3,640,000 3,689,962 
Sunnyvale Special Tax, 7.75%, 8/1/32
6,100,000 6,119,177 
Tejon Ranch Public Facilities Finance Authority Special Tax, (Tejon Ranch Public Facilities Finance Authority Community Facs Dist No. 2008-1), 5.00%, 9/1/45
6,000,000 6,061,955 
Tejon Ranch Public Facilities Finance Authority Special Tax, (Tejon Ranch Public Facilities Finance Authority Community Facs Dist No. 2008-1), 4.00%, 9/1/50
4,750,000 4,132,302 
Temecula Public Financing Authority Special Tax, (Temecula Public Financing
Authority-Community Facilities District No. 16-01), Capital Appreciation, 0.00%, 9/1/53(2)
8,730,000 1,454,377 
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 1,019,311 
Tobacco Securitization Authority of Northern California Rev., (San Diego County Tobacco Asset Securitization Corp.), Capital Appreciation, 0.00%, 6/1/60(2)
5,000,000 778,679 
Tobacco Securitization Authority of Southern California Rev., (San Diego County Tobacco Asset Securitization Corp.), 5.00%, 6/1/48
9,685,000 9,843,609 
Tobacco Securitization Authority of Southern California Rev., (San Diego County Tobacco Asset Securitization Corp.), Capital Appreciation, 0.00%, 6/1/46(2)
25,000,000 3,194,157 
Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/34
1,570,000 1,648,745 
Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/39
2,280,000 2,330,875 
Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/43
5,250,000 5,348,931 
Tracy Community Facilities District Special Tax, (Tracy Community Facilities District No. 2016-01), 5.00%, 9/1/49
3,155,000 3,177,960 
Transbay Joint Powers Authority Tax Allocation, (Transbay Joint Powers Authority Transbay Redevelopment Project Tax Increment Re), 5.00%, 10/1/49
4,390,000 4,463,426 
Transbay Joint Powers Authority Tax Allocation, (Transbay Redevelopment Project Tax Increment Rev.), 5.00%, 10/1/45
2,000,000 2,052,398 
University of California Rev., 5.00%, 5/15/43
10,000,000 11,251,071 
University of California Rev., 5.00%, 5/15/52
7,500,000 8,209,618 
University of California Rev., VRDN, 3.00%, 6/1/23
1,000,000 1,000,000 
Upland COP, (San Antonio Regional Hospital Obligated Group), 4.00%, 1/1/42
3,000,000 2,673,236 


Upland COP, (San Antonio Regional Hospital Obligated Group), 5.00%, 1/1/47
2,500,000 2,546,121 
Vista Unified School District GO, 5.25%, 8/1/48 (BAM)
4,410,000 4,914,880 
Washington Township Health Care District Rev., 5.00%, 7/1/26
400,000 407,148 
Washington Township Health Care District Rev., 3.25%, 7/1/27
1,000,000 949,173 
Washington Township Health Care District Rev., 3.50%, 7/1/28
750,000 729,314 
Washington Township Health Care District Rev., 3.75%, 7/1/29
1,000,000 982,302 
Whittier Rev., (Presbyterian Intercommunity Hospital Obligated Group), 5.00%, 6/1/44
3,500,000 3,503,526 
William S Hart Union High School District Special Tax, (Community Facilities Dist No. 2015-1), 5.00%, 9/1/42
1,350,000 1,367,668 
William S Hart Union High School District Special Tax, (Community Facilities Dist No. 2015-1), 5.00%, 9/1/47
2,350,000 2,371,654 
Woodland Special Tax, (Community Facilities Dist No. 2004-1), 4.00%, 9/1/41
2,545,000 2,314,047 
Woodland Special Tax, (Community Facilities Dist No. 2004-1), 4.00%, 9/1/45
2,545,000 2,259,273 
Yorba Linda Water District Public Financing Corp. Rev., 4.00%, 10/1/52
3,750,000 3,669,859 
1,344,572,077 
Guam — 0.7%
Guam Government Waterworks Authority Rev., 5.00%, 7/1/36
1,755,000 1,796,355 
Guam Government Waterworks Authority Rev., 5.00%, 7/1/37
1,500,000 1,528,228 
Guam Government Waterworks Authority Rev., 5.00%, 1/1/46
3,000,000 3,027,606 
Guam Government Waterworks Authority Rev., 5.00%, 1/1/50
1,750,000 1,757,565 
Port Authority of Guam Government Rev., 5.00%, 7/1/48
1,500,000 1,527,479 
9,637,233 
Puerto Rico — 0.4%
Puerto Rico GO, 5.25%, 7/1/23
103,396 103,504 
Puerto Rico GO, 5.375%, 7/1/25
3,906,218 3,991,133 
Puerto Rico GO, 5.625%, 7/1/29
201,036 213,272 
Puerto Rico GO, 5.75%, 7/1/31
195,264 210,678 
Puerto Rico GO, 4.00%, 7/1/33
185,162 170,357 
Puerto Rico GO, 4.00%, 7/1/35
166,436 149,095 
Puerto Rico GO, 4.00%, 7/1/37
142,845 124,319 
Puerto Rico GO, 4.00%, 7/1/41
194,215 162,673 
Puerto Rico GO, 4.00%, 7/1/46
201,981 163,315 
Puerto Rico GO, Capital Appreciation, 0.00%, 7/1/24(2)
61,911 59,023 
Puerto Rico GO, Capital Appreciation, 0.00%, 7/1/33(2)
238,285 139,986 
Puerto Rico GO, VRN, 0.00%, 11/1/43
876,694 428,484 
5,915,839 
TOTAL INVESTMENT SECURITIES — 97.3%
(Cost $1,435,159,139)
1,360,125,149 
OTHER ASSETS AND LIABILITIES — 2.7%
37,250,753 
TOTAL NET ASSETS — 100.0%
$1,397,375,902 

FUTURES CONTRACTS PURCHASED
Reference Entity
Contracts
Expiration Date
Notional
Amount		Unrealized
Appreciation
(Depreciation)^
U.S. Treasury 10-Year Notes
787 September 2023$90,086,906 $914,583 
^Amount represents value and unrealized appreciation (depreciation).



NOTES TO SCHEDULE OF INVESTMENTS
AGC–
Assured Guaranty Corporation
AGM–
Assured Guaranty Municipal Corporation
BAM–
Build America Mutual Assurance Company
BAM-TCRS–
Build America Mutual Assurance Company - Transferrable Custodial Receipts
COP–
Certificates of Participation
GA–
Guaranty Agreement
GO–
General Obligation
MUNIPSA–
SIFMA Municipal Swap Index
NATL–
National Public Finance Guarantee Corporation
SBBPA–
Standby Bond Purchase Agreement
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. The security's effective maturity date may be shorter than the final maturity date shown.
(1)Security was purchased pursuant to Rule 144A or Section 4(2) 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 $290,171,236, which represented 20.8% of total net assets.
(2)Security is a zero-coupon bond. Zero-coupon securities may be issued at a substantial discount from their value at maturity.
(3)Escrowed to maturity in U.S. government securities or state and local government securities.
(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 (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually. 

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 valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, 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.

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.
Level 1
Level 2
Level 3
Assets
Investment Securities
Municipal Securities
— $1,360,125,149 — 
Other Financial Instruments
Futures Contracts
$914,583 — — 
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.