Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Long-Term Investments 99.5% | |||||
Municipal Bonds | |||||
Abag Fin. Auth. For Nonprofit Corp. Rev., | |||||
Episcopal Senior Communities, Rfdg. | 6.125 % | 07/01/41 | 475 | $ 506,388 | |
Sharp Healthcare, Series A, Rfdg. | 5.000 | 08/01/43 | 2,000 | 2,227,300 | |
Alameda Corridor Trans. Auth. Rev., | |||||
Sub. Lien, Series B, Rfdg. | 5.000 | 10/01/34 | 2,150 | 2,515,177 | |
Sub. Lien, Series B, Rfdg. | 5.000 | 10/01/37 | 1,700 | 1,980,279 | |
Anaheim
Calif. Pub. Fing. Auth. Rev., Series A, Rfdg. |
5.000 | 05/01/39 | 1,000 | 1,140,960 | |
Bay Area Toll Auth. Rev., | |||||
Series F-1 | 5.000 | 04/01/56 | 1,000 | 1,190,420 | |
Series F-1, Rfdg. (Pre-refunded date 04/01/24)(ee) | 5.000 | 04/01/54 | 1,000 | 1,169,630 | |
California Cnty. Tob. Secur. Agcy. Rev., | |||||
Asset-Bkd. | 5.450 | 06/01/28 | 500 | 505,945 | |
Tob. Conv. Bonds, LA Cnty. Series B (Converted to Fixed on 12/01/10) | 5.250 | 06/01/21 | 925 | 926,332 | |
Tob. Conv. Bonds, Series B, Rfdg. (Converted to Fixed on 12/01/08) | 5.100 | 06/01/28 | 850 | 850,340 | |
California Edl. Facs. Auth. Rev., | |||||
Pepperdine Univ., Rfdg. | 5.000 | 10/01/49 | 2,000 | 2,363,260 | |
Stanford Univ., Series V-1 | 5.000 | 05/01/49 | 1,500 | 2,301,885 | |
California Hlth. Facs. Fing. Auth. Rev., | |||||
Cedars Sinai Med. Ctr., Rfdg. | 5.000 | 11/15/33 | 1,000 | 1,202,540 | |
City of Hope Oblig. Grp. | 4.000 | 11/15/45 | 1,055 | 1,182,170 | |
Kaiser Permanente, Series C (Mandatory put date 11/01/29)(cc) | 5.000 | 06/01/41 | 1,000 | 1,306,220 | |
Kaiser Permanente, Sub., Series A-2, Rfdg. | 4.000 | 11/01/44 | 3,045 | 3,376,113 | |
Stanford Healthcare, Series A, Rfdg. | 5.000 | 08/15/54 | 1,000 | 1,138,910 | |
Stanford Hosp., Series A-3, Rfdg. (Pre-refunded date 11/15/21)(ee) | 5.500 | 11/15/40 | 500 | 543,805 | |
Sutter Hlth., Series A, Rfdg. | 5.000 | 08/15/43 | 1,500 | 1,743,825 | |
Sutter Hlth., Series D, Rfdg. | 5.250 | 08/15/31 | 1,000 | 1,067,860 | |
California Muni. Fin. Auth. Rev., | |||||
Amern. Heritage Ed., Series A, Rfdg. | 4.000 | 06/01/26 | 845 | 908,595 | |
CHF-Davis I, LLC, West Village Student Hsg. Proj. | 5.000 | 05/15/37 | 250 | 300,648 | |
CHF-Davis I, LLC, West Village Student Hsg. Proj. | 5.000 | 05/15/38 | 1,000 | 1,200,170 | |
CHF-Davis I, LLC, West Village Student Hsg. Proj. | 5.000 | 05/15/51 | 1,000 | 1,182,360 | |
Series A, 144A | 5.500 | 06/01/48 | 250 | 279,668 | |
Sr. Lien-LINXS APM Proj., Series A, AMT | 5.000 | 12/31/43 | 1,500 | 1,752,675 | |
Sr. Lien-LINXS APM Proj., Series A, AMT | 5.000 | 12/31/47 | 3,500 | 4,072,425 | |
UCR North Dist. Phase 1 Student Hsg. Proj. | 5.000 | 05/15/52 | 1,000 | 1,195,440 | |
United Airlines Inc. Proj., AMT | 4.000 | 07/15/29 | 750 | 846,135 | |
Var. Exxonmobil Proj., Rfdg., FRDD | 1.000(cc) | 12/01/29 | 4,130 | 4,130,000 | |
California Poll. Ctrl. Fing. Auth. Wtr. Facs. Rev., | |||||
Amern. Wtr. Cap. Corp. Proj., 144A | 5.250 | 08/01/40 | 1,250 | 1,278,250 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Municipal Bonds (Continued) | |||||
California Poll. Ctrl. Fing. Auth. Wtr. Facs. Rev., (cont’d.) | |||||
Green Bond-Calplant I Proj., AMT, 144A | 7.000 % | 07/01/22 | 250 | $ 255,725 | |
Green Bond-Calplant I Proj., AMT, 144A | 8.000 | 07/01/39 | 500 | 544,250 | |
California
Pub. Fin. Auth. Rev., Sharp Healthcare, Series A, Rfdg. |
4.000 | 08/01/47 | 2,090 | 2,317,559 | |
California Sch. Fin. Auth. Chrt. Sch. Rev., | |||||
Alliance CLG-Ready Pub. Schs., Series A, 144A | 5.000 | 07/01/45 | 1,000 | 1,106,420 | |
Alliance CLG-Ready Pub. Schs., Series A, Rfdg., 144A | 4.000 | 07/01/26 | 300 | 329,442 | |
Aspire Pub. Schs., Series A, Rfdg., 144A | 5.000 | 08/01/40 | 2,085 | 2,319,104 | |
Aspire Pub. Schs., Series A, Rfdg., 144A | 5.000 | 08/01/46 | 1,000 | 1,105,540 | |
Granada Hills Charter Oblig. Grp., 144A | 5.000 | 07/01/54 | 1,000 | 1,125,420 | |
Green Dot Pub. Sch. Proj., Series A, 144A | 5.000 | 08/01/45 | 610 | 678,924 | |
Kipp. LA. Proj., Series A, 144A | 5.000 | 07/01/45 | 1,000 | 1,128,410 | |
Kipp. LA. Proj., Series A, 144A | 5.000 | 07/01/47 | 1,130 | 1,302,845 | |
Kipp. Socal Pub. Schs., Series A, 144A | 5.000 | 07/01/49 | 1,000 | 1,177,270 | |
Summit Pub. Schs., 144A | 5.000 | 06/01/47 | 1,000 | 1,130,400 | |
California St., | |||||
GO | 5.000 | 03/01/45 | 2,000 | 2,318,320 | |
GO | 5.250 | 11/01/40 | 750 | 776,025 | |
GO, Rfdg. | 3.250 | 04/01/45 | 1,000 | 1,055,880 | |
GO, Rfdg. | 5.000 | 08/01/45 | 1,500 | 1,756,635 | |
GO, Rfdg. | 5.000 | 08/01/46 | 1,500 | 1,787,805 | |
Unrefunded Balance, GO | 5.500 | 04/01/30 | 5 | 5,017 | |
Var. Purp., GO | 4.000 | 04/01/49 | 2,000 | 2,271,060 | |
Var. Purp., GO | 5.250 | 04/01/35 | 1,250 | 1,363,525 | |
Var. Purp., GO | 5.500 | 11/01/39 | 880 | 881,883 | |
Var. Purp., GO | 5.500 | 03/01/40 | 2,000 | 2,020,460 | |
Var. Purp., GO | 6.000 | 03/01/33 | 2,750 | 2,783,275 | |
Var. Purp., GO, Rfdg. | 5.000 | 09/01/41 | 5,000 | 5,312,650 | |
Var. Purp., GO, Rfdg. | 5.000 | 10/01/41 | 1,250 | 1,327,975 | |
Var. Purp., GO, Rfdg. | 5.000 | 10/01/47 | 2,000 | 2,366,520 | |
California
St. Pub. Wks. Brd. Lease Rev., Judicial Council Projs., Series D |
5.000 | 12/01/31 | 1,000 | 1,076,370 | |
California
St. Univ. Rev., Series A, Systemwide, Rfdg. |
5.000 | 11/01/37 | 1,250 | 1,339,787 | |
California Statewide Cmntys. Dev. Auth. Rev., | |||||
899 Charleston Proj., Series A, Rfdg., 144A | 5.250 | 11/01/44 | 250 | 273,763 | |
Cottage Hlth. Oblig. Grp., Rfdg. | 5.000 | 11/01/40 | 1,000 | 1,028,910 | |
Green Marin General Hosp. Proj., Series A | 4.000 | 08/01/45 | 1,250 | 1,305,888 | |
John Muir Hlth., Series A, Rfdg. | 4.000 | 08/15/46 | 1,000 | 1,088,500 | |
John Muir Hlth., Series A, Rfdg. | 4.000 | 08/15/51 | 2,155 | 2,331,925 | |
John Muir Hlth., Series A, Rfdg. | 5.000 | 12/01/53 | 950 | 1,150,203 | |
Loma Linda Univ. Med. Ctr., Series A, 144A | 5.250 | 12/01/56 | 1,000 | 1,132,880 | |
Loma Linda Univ. Med. Ctr., Series A, 144A | 5.500 | 12/01/58 | 500 | 589,455 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Municipal Bonds (Continued) | |||||
California Statewide Cmntys. Dev. Auth. Rev., (cont’d.) | |||||
Loma Linda Univ. Med. Ctr., Series A, Rfdg. | 5.250 % | 12/01/44 | 1,085 | $ 1,202,712 | |
Methodist Hosp. of Southern CA Proj. | 5.000 | 01/01/33 | 240 | 290,772 | |
Methodist Hosp. of Southern CA Proj. | 5.000 | 01/01/48 | 1,975 | 2,303,186 | |
Polytechnic Sch. | 5.000 | 12/01/34 | 2,000 | 2,000,000 | |
Spl. Tax No. 97-1, CABS | 3.812(s) | 09/01/22 | 745 | 671,372 | |
Sutter Hlth., Series A (Pre-refunded date 08/15/20)(ee) | 6.000 | 08/15/42 | 2,000 | 2,069,860 | |
Chula
Vista Calif. Indl. Dev. Rev., San Diego Gas, Series D, Rmkt., Rfdg. |
5.875 | 01/01/34 | 1,000 | 1,003,460 | |
Chula
Vista Muni. Fing. Auth., Spl.Tax, Rfdg. |
5.000 | 09/01/21 | 500 | 533,620 | |
City
of La Verne CA, Brethren Hillcrest Homes, COP, Rfdg. |
5.000 | 05/15/36 | 1,250 | 1,334,887 | |
Fontana
Spl. Tax, Cmnty. Facs. Dist. #22 Sierra Hills, Rfdg. |
5.000 | 09/01/34 | 500 | 550,505 | |
Golden St. Tob. Secur. Corp. Rev., | |||||
Series A-1, Rfdg. | 5.000 | 06/01/27 | 740 | 895,060 | |
Series A-1, Rfdg. | 5.000 | 06/01/28 | 1,275 | 1,536,158 | |
Series A-1, Rfdg. | 5.000 | 06/01/29 | 1,250 | 1,490,675 | |
Series A-1, Rfdg. | 5.250 | 06/01/47 | 1,000 | 1,035,330 | |
Guam
Intl. Arpt. Auth. Rev., Series C, AMT, Rfdg. |
6.375 | 10/01/43 | 500 | 569,685 | |
Inland
Vlly. Dev. Agcy., Tax Alloc., Series A, Rfdg. |
5.000 | 09/01/44 | 500 | 562,715 | |
Irvine
Uni. Sch. Dist., Spl. Tax, Series A, Cmnty. Facs. Dist. No. 09-1 |
4.000 | 09/01/54 | 1,000 | 1,114,430 | |
Jurupa
Pub. Fing. Auth., Spl. Tax, Series A, Rfdg. |
5.000 | 09/01/42 | 1,250 | 1,406,687 | |
La
Mesa-Spring Vly. Sch. Dist., GO, Election of 2002, Series B, CABS, Rfdg., NATL |
1.390(s) | 08/01/23 | 2,000 | 1,900,780 | |
Lincoln
Pub. Fing., Auth. Spl. Assmt., Twelve Bridges Sub. Dist., Series B, Rfdg. |
6.000 | 09/02/27 | 1,000 | 1,077,680 | |
Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., | |||||
Series A | 5.000 | 11/15/35 | 2,560 | 3,380,429 | |
Series A | 5.500 | 11/15/30 | 1,375 | 1,808,180 | |
Series A | 5.500 | 11/15/32 | 440 | 593,793 | |
Los Angeles Calif. Dept. Arpts. Rev., | |||||
Series A, AMT | 5.000 | 05/15/38 | 2,500 | 2,771,175 | |
Series A, AMT | 5.250 | 05/15/48 | 1,000 | 1,221,610 | |
Series A, AMT, Rfdg. | 5.000 | 05/15/43 | 1,000 | 1,215,470 | |
Series A, Sub., AMT, Rfdg. | 4.000 | 05/15/44 | 1,000 | 1,124,890 | |
Series D, AMT | 4.000 | 05/15/44 | 1,250 | 1,395,725 | |
Los
Angeles Cnty. Regional Fing. Auth. Rev., Montecedro, Inc. Proj., Series A |
5.000 | 11/15/44 | 1,250 | 1,368,675 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Municipal Bonds (Continued) | |||||
Los Angeles Dept. of Wtr. Rev., | |||||
Green Bond, Sub., Wtr. Sys., Series A | 4.000 % | 06/01/42 | 1,500 | $ 1,668,270 | |
Wtr. Sys., Series B | 5.000 | 07/01/34 | 2,500 | 2,833,800 | |
Metro.
Wtr. Dist. of Southern Calif. Rev., Unrefunded Balance, Series A |
5.750 | 07/01/21 | 1,085 | 1,122,791 | |
M-S-R
Energy Auth. Rev., Series A |
6.500 | 11/01/39 | 1,000 | 1,547,960 | |
Northern
Calif. Transmission Agy. Rev., Calif.- Oregon Proj., Series A, Rfdg. |
5.000 | 05/01/39 | 750 | 897,075 | |
Orange Cnty. Cmnty. Facs. Dist. Spl. Tax, | |||||
No. 2015-1 Esencia Vlg., Series A | 5.250 | 08/15/45 | 2,150 | 2,417,417 | |
No. 2017-1 Esencia Vlg., Series A | 5.000 | 08/15/47 | 1,500 | 1,738,890 | |
Orange
Cnty. Trans. Auth. Rev., Express Lane Sr. Lien 91, Rfdg. |
5.000 | 08/15/29 | 1,000 | 1,140,320 | |
Palomar
Pomerado Healthcare Dist., COP (Pre-refunded date 11/01/20)(ee) |
6.000 | 11/01/41 | 1,200 | 1,254,384 | |
Pittsburg
Redev. Agy. Tax Alloc. Rev., Sub., Series A, Rfdg., AGM |
5.000 | 09/01/29 | 1,750 | 2,094,417 | |
Pittsburg
Success Agy. Redev. Agy. Tax Alloc., Los Medanos Cmnty. Dev. Proj., AMBAC, CABS |
1.760(s) | 08/01/26 | 1,375 | 1,223,310 | |
Port of Oakland Rev., | |||||
Series O, Rfdg., AMT | 5.125 | 05/01/30 | 1,000 | 1,049,600 | |
Sr. Lien., Series P, Rfdg., AMT | 5.000 | 05/01/33 | 1,750 | 1,902,337 | |
Poway
Uni. Sch. Dist. Pub. Fing. Auth., Spl. Tax, Series A, Rfdg. |
5.000 | 09/01/35 | 1,000 | 1,110,470 | |
Puerto Rico Comnwlth. Aqu. & Sew. Auth. Rev., | |||||
Sr. Lien, Series A, Rfdg. | 5.750 | 07/01/37 | 390 | 411,590 | |
Sr. Lien, Series A, Rfdg. | 6.000 | 07/01/47 | 325 | 345,358 | |
Puerto Rico Sales Tax Fing. Corp. Rev., | |||||
Series A-1, CABS | 2.802(s) | 07/01/24 | 538 | 473,515 | |
Series A-1, CABS | 2.993(s) | 07/01/27 | 1,644 | 1,312,175 | |
Series A-2 | 4.329 | 07/01/40 | 1,000 | 1,011,550 | |
Rancho
Cucamonga Redev. Agy. Successor Agy. Tax Alloc., Rancho Redev. Proj. Area, Rfdg., AGM |
5.000 | 09/01/32 | 450 | 522,522 | |
Redding Elec. Sys. Rev., RIBS, | |||||
NATL, ETM, Rfdg.(ee) | 9.820(e) | 07/01/22 | 745 | 849,903 | |
NATL, ETM, Rfdg., Linked SAVRS(ee) | 6.368 | 07/01/22 | 25 | 26,760 | |
Riverside
Cnty. Infrast. Fing. Auth. Rev., Series A, Rfdg. |
4.000 | 11/01/37 | 1,250 | 1,383,537 | |
Riverside
Cnty. Pub. Fing. Auth. Rev., Cap. Facs. Proj. |
5.250 | 11/01/45 | 1,000 | 1,191,470 | |
Riverside
Cnty. Trans. Commission Rev., Sr. Lien, Series A |
5.750 | 06/01/44 | 500 | 561,590 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Municipal Bonds (Continued) | |||||
Roseville
Spl. Tax, WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. |
5.000 % | 09/01/37 | 500 | $ 566,460 | |
Sacramento
Area Flood Control Agy. Spl. Assessment, Series A, Rfdg. |
5.000 | 10/01/41 | 1,000 | 1,202,210 | |
Sacramento
Cnty. Arpts. Sys. Rev., Series C, Rfdg., AMT |
5.000 | 07/01/39 | 1,000 | 1,208,920 | |
Sacramento Cnty. Santn. Dist. Fing. Auth. Rev., | |||||
Spl. Tax, Cmnty. Facs. Dist. #2004-1, Mcclellan Park, Rfdg. | 5.000 | 09/01/40 | 1,085 | 1,276,264 | |
Var.-Regl., Series B, Rfdg., NATL, 3 Month LIBOR + 0.530% | 1.962(c) | 12/01/35 | 1,000 | 958,092 | |
San Buenaventura Rev., | |||||
Cmnty. Mem. Hlth. Sys. | 7.500 | 12/01/41 | 500 | 550,885 | |
Cmnty. Mem. Hlth. Sys. | 8.000 | 12/01/26 | 500 | 561,535 | |
San
Diego Cmnty. College Dist., Election of 2006, GO (Pre-refunded date 08/01/21)(ee) |
5.000 | 08/01/41 | 1,500 | 1,599,075 | |
San Diego Cnty. Regl. Arpt. Auth. Rev., | |||||
Series B, Sub., AMT, Rfdg. | 4.000 | 07/01/44 | 750 | 833,633 | |
Sr. Series B, AMT | 5.000 | 07/01/43 | 2,000 | 2,213,200 | |
San
Diego Pub. Facs. Fing. Auth. Rev., Cap. Impt. Projs., Series A |
5.000 | 10/15/44 | 1,000 | 1,172,620 | |
San
Diego Uni. Sch. Dist., Series L, GO |
4.000 | 07/01/49 | 2,000 | 2,268,880 | |
San Francisco City & Cnty. Arpts. Comm. Rev., | |||||
Second Series A, Rfdg., AMT | 5.000 | 05/01/31 | 1,000 | 1,081,680 | |
Second Series A, Rfdg., AMT | 5.000 | 01/01/47 | 1,000 | 1,193,540 | |
Second Series A, Rfdg., AMT | 5.250 | 05/01/33 | 500 | 561,990 | |
Second Series C, Unrefunded, AMT | 5.000 | 05/01/25 | 1,555 | 1,634,305 | |
Second Series F, Rfdg., AMT | 5.000 | 05/01/28 | 1,000 | 1,050,070 | |
Series A, Rfdg., AMT | 4.000 | 05/01/49 | 1,000 | 1,109,880 | |
Series A, Rfdg., AMT | 5.000 | 05/01/49 | 1,500 | 1,812,105 | |
San
Leandro Cmnty. Facs., Spl. Tax Dist. No. 1 |
6.500 | 09/01/25 | 2,160 | 2,167,819 | |
Santa
Margarita Wtr. Dist. Spl. Tax, Cmnty. Facs. Dist. No. 2013-1 |
5.625 | 09/01/36 | 315 | 357,746 | |
Santa
Maria Joint Union H.S. Dist., Election of 2004, CABS, GO, NATL |
2.059(s) | 08/01/29 | 1,250 | 1,025,325 | |
Santa
Monica Cmnty. College Dist. Election of 2002, Series A, GO, NATL |
1.968(s) | 08/01/28 | 1,055 | 890,198 | |
Southern
Calif. Pub. Pwr. Auth. Rev., Proj. 1, Series A |
5.000 | 11/01/33 | 435 | 557,357 | |
Southern Calif. Tob. Secur. Auth. Rev., | |||||
San Diego Co., Asset security, Rfdg. | 5.000 | 06/01/48 | 1,000 | 1,181,070 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Municipal Bonds (Continued) | |||||
Southern Calif. Tob. Secur. Auth. Rev., (cont’d.) | |||||
San Diego Co., Tob. Security, Rfdg. | 5.000 % | 06/01/48 | 500 | $574,840 | |
Stockton
Pub. Fing. Auth. Rev., Delta Wtr. Sply. Proj., Series A, Rmkt. (Pre-refunded date 10/01/23)(ee) |
6.250 | 10/01/40 | 700 | 805,469 | |
Walnut
Energy Ctr. Auth. Rev., Rfdg. |
5.000 | 01/01/34 | 1,000 | 1,165,750 | |
TOTAL
INVESTMENTS 99.5% (cost $184,954,366) |
198,353,195 | ||||
Other assets in excess of liabilities 0.5% | 919,043 | ||||
Net Assets 100.0% | $ 199,272,238 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
AGM—Assured Guaranty Municipal Corp. | |
AMBAC—American Municipal Bond Assurance Corp. | |
AMT—Alternative Minimum Tax | |
CABS—Capital Appreciation Bonds | |
COP—Certificates of Participation | |
ETM—Escrowed to Maturity | |
FRDD—Floating Rate Daily Demand Note | |
GO—General Obligation | |
LIBOR—London Interbank Offered Rate | |
NATL—National Public Finance Guaranty Corp. | |
Rfdg—Refunding | |
RIBS—Residual Interest Bonds | |
SAVRS—Select Auction Variable Rate Securities |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2019. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2019. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(e) | Inverse floating rate bond. The coupon is inversely indexed to a floating rate. The rate shown is the rate at November 30, 2019. |
(ee) | All or partial escrowed to maturity and pre-refunded issues are secured by escrowed cash, a guaranteed investment contract and /or U.S. guaranteed obligations. |
(s) | Represents zero coupon. Rate quoted represents effective yield at November 30, 2019. |