| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Long-Term Investments 102.4% | |||||
| Municipal Bonds | |||||
| Abag Fin. Auth. For Nonprofit Corp. Rev., | |||||
| Episcopal Sr. Cmnty., Rfdg. | 6.125 % | 07/01/41 | 475 | $485,925 | |
| Sharp Healthcare, Series A, Rfdg. | 5.000 | 08/01/43 | 2,000 | 2,209,080 | |
| Alameda Corridor Trans. Auth. Rev., | |||||
| Second Sub. Lien, Series B, Rfdg. | 5.000 | 10/01/34 | 2,150 | 2,522,702 | |
| Second Sub. Lien, Series B, Rfdg. | 5.000 | 10/01/37 | 700 | 813,120 | |
| Sr. Lien, Series A, Rfdg. | 5.000 | 10/01/22 | 100 | 107,777 | |
| Sr. Lien, Series A, Rfdg., AGM | 5.000 | 10/01/28 | 1,000 | 1,112,620 | |
| Anaheim Calif. Pub. Fing. Auth. Rev., Series A, Rfdg. | 5.000 | 05/01/39 | 1,000 | 1,108,820 | |
| Bay Area Toll Auth. Rev., | |||||
| Rfdg. | 5.000 | 04/01/27 | 1,405 | 1,801,913 | |
| Rfdg. | 5.000 | 04/01/28 | 895 | 1,178,939 | |
| Series F-1 | 5.000 | 04/01/56 | 1,000 | 1,194,310 | |
| Series F-1, Rfdg. (Pre-refunded date 04/01/24)(ee) | 5.000 | 04/01/54 | 1,000 | 1,155,960 | |
| California Cnty. Tob. Secur. Agcy. Rev., | |||||
| Conv. Bonds, Asset Bkd., Series B, Rfdg. | 5.100 | 06/01/28 | 700 | 700,133 | |
| Sonoma Cnty. Secur. Corp., Series A, Rfdg. | 5.000 | 06/01/28 | 500 | 644,210 | |
| Sr. Series A, Rfdg. | 5.000 | 06/01/27 | 525 | 661,972 | |
| Sr. Series A, Rfdg. | 5.000 | 06/01/28 | 730 | 940,006 | |
| Sr. Series A, Rfdg. | 5.000 | 06/01/30 | 930 | 1,240,536 | |
| California Edl. Facs. Auth. Rev., Pepperdine Univ., Rfdg. | 5.000 | 10/01/49 | 2,000 | 2,368,940 | |
| California Hlth. Facs. Fing. Auth. Rev., | |||||
| Cedars Sinai Med. Ctr., Rfdg. | 5.000 | 11/15/25 | 755 | 925,343 | |
| Cedars Sinai Med. Ctr., Rfdg. | 5.000 | 11/15/33 | 1,000 | 1,203,150 | |
| Cedars Sinai Med. Ctr., Series A | 5.000 | 08/15/25 | 250 | 303,762 | |
| Commonspirit Hlth. Series A, Rfdg. | 5.000 | 04/01/32 | 500 | 651,210 | |
| Kaiser Permanente, Series C (Mandatory put date 11/01/29) | 5.000(cc) | 06/01/41 | 1,175 | 1,581,797 | |
| Kaiser Permanente, Sub. Series A-2, Rfdg. | 4.000 | 11/01/44 | 3,045 | 3,397,093 | |
| Providence Hlth. Svcs., Series A, Rfdg. | 5.000 | 10/01/24 | 1,000 | 1,176,260 | |
| Providence Hlth. Svcs., Series A, Rfdg. | 5.000 | 10/01/27 | 300 | 352,128 | |
| Providence St. Joseph, Hlth. Proj., Series C, Rfdg. (Mandatory put date 10/01/25) | 5.000(cc) | 10/01/39 | 1,995 | 2,431,725 | |
| Stanford Healthcare, Series A | 5.000 | 08/15/54 | 1,000 | 1,175,700 | |
| Sutter Hlth., Series D, Rfdg. (Pre-refunded date 08/15/21)(ee) | 5.250 | 08/15/31 | 1,105 | 1,144,714 | |
| Var. St. Joseph Hlth. Sys., Series C, Rmkt. Rfdg. (Mandatory put date 10/18/22) | 5.000(cc) | 07/01/34 | 250 | 271,628 | |
| California Muni. Fin. Auth. Rev., | |||||
| Amern. Heritage Ed., Series A, Rfdg. | 4.000 | 06/01/26 | 740 | 796,314 | |
| CHF-Davis I, LLC, West Village Student Hsg. Proj. | 5.000 | 05/15/23 | 495 | 537,001 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Municipal Bonds (Continued) | |||||
| California Muni. Fin. Auth. Rev., (cont’d.) | |||||
| CHF-Davis I, LLC, West Village Student Hsg. Proj., BAM, TCRs | 5.000 % | 05/15/29 | 760 | $963,984 | |
| Series A, 144A | 5.500 | 06/01/48 | 250 | 265,158 | |
| Sr. Lien-LINXS APM Proj., Series A, AMT | 5.000 | 12/31/43 | 2,500 | 2,892,525 | |
| UCR North Dist. Phase 1 Student Hsg. Proj., BAM | 5.000 | 05/15/27 | 750 | 919,260 | |
| Var. Chevron USA, Rec. Zone, Series A, FRDD | 0.100(cc) | 11/01/35 | 300 | 300,000 | |
| Var. Exxonmobil Proj., Rfdg., FRDD | 0.110(cc) | 12/01/29 | 5,435 | 5,435,000 | |
| California Poll. Ctrl. Fing. Auth. Wtr. Facs. Rev., | |||||
| American Wtr. Cap. Proj., Rfdg. (Mandatory put date 09/01/23) | 0.600(cc) | 08/01/40 | 500 | 494,580 | |
| Green Bond-Calplant I Proj., AMT, 144A | 7.000 | 07/01/22(d) | 250 | 161,091 | |
| Green Bond-Calplant I Proj., AMT, 144A | 8.000 | 07/01/39(d) | 500 | 322,918 | |
| Var. Rep. Svcs., Series A, Rmkt. Rfdg., AMT (Mandatory put date 02/01/21), 144A | 0.300(cc) | 08/01/23 | 1,500 | 1,498,907 | |
| Wste. Mgmt. Proj., Series A, Rmkt. (Mandatory put date 05/01/24) | 2.500(cc) | 11/01/38 | 1,125 | 1,186,751 | |
| California Sch. Fin. Auth. Chrt. Sch. Rev., | |||||
| Alliance CLG-Ready Pub. Schs., Series A, 144A | 5.000 | 07/01/45 | 1,000 | 1,111,610 | |
| Alliance CLG-Ready Pub. Schs., Series A, Rfdg., 144A | 4.000 | 07/01/26 | 300 | 334,479 | |
| Green Dot Pub. Sch. Proj., Series A, 144A | 5.000 | 08/01/45 | 610 | 667,645 | |
| Kipp. LA. Proj., Series A, 144A | 5.000 | 07/01/45 | 1,000 | 1,111,520 | |
| Kipp. LA. Proj., Series A, 144A | 5.000 | 07/01/47 | 1,130 | 1,293,669 | |
| Kipp. Socal Pub. Schs., Series A, 144A | 5.000 | 07/01/49 | 1,000 | 1,182,980 | |
| California St., | |||||
| GO | 5.000 | 03/01/45 | 2,000 | 2,323,660 | |
| GO, Rfdg. | 3.250 | 04/01/45 | 1,000 | 1,111,660 | |
| GO, Rfdg. | 5.000 | 08/01/28 | 1,565 | 2,012,293 | |
| GO, Rfdg. | 5.000 | 11/01/28 | 1,000 | 1,335,680 | |
| GO, Rfdg. | 5.000 | 08/01/45 | 1,500 | 1,771,335 | |
| GO, Rfdg. | 5.000 | 08/01/46 | 1,500 | 1,810,815 | |
| Unrefunded Balance, GO | 5.500 | 04/01/30 | 5 | 5,020 | |
| Unrefunded, GO | 6.000 | 03/01/33 | 665 | 665,106 | |
| Var. Purp., GO | 3.000 | 03/01/28 | 2,000 | 2,345,880 | |
| Var. Purp., GO | 4.000 | 04/01/49 | 2,000 | 2,385,340 | |
| Var. Purp., GO | 5.250 | 04/01/35 | 1,250 | 1,329,550 | |
| Var. Purp., GO, Rfdg. | 5.000 | 09/01/41 | 5,000 | 5,162,800 | |
| Var. Purp., GO, Rfdg. | 5.000 | 10/01/41 | 1,250 | 1,295,050 | |
| Var. Purp., GO, Rfdg. | 5.000 | 10/01/47 | 2,000 | 2,398,680 | |
| California St. Pub. Wks. Brd. Lease Rev., | |||||
| Forward Delivery, Series A, Rfdg.(hh) | 5.000 | 02/01/28 | 2,375 | 2,913,412 | |
| Judicial Council Projs., Series D (Pre-refunded date 12/01/21)(ee) | 5.000 | 12/01/31 | 1,000 | 1,047,550 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Municipal Bonds (Continued) | |||||
| California St. Univ. Rev., Series A, Systemwide, Rfdg. (Pre-refunded date 11/01/21)(ee) | 5.000 % | 11/01/37 | 1,250 | $1,304,488 | |
| California Statewide Cmntys. Dev. Auth., Spl. Tax, Cmnty. Facs. Dist. #97-1, CABS | 2.346(s) | 09/01/22 | 480 | 460,771 | |
| California Statewide Cmntys. Dev. Auth. Rev., | |||||
| 899 Charleston Proj., Series A, Rfdg., 144A | 5.250 | 11/01/44 | 250 | 256,803 | |
| CHF Irvine LLC, Rfdg. | 5.000 | 05/15/27 | 685 | 788,428 | |
| CHF Irvine LLC, Rfdg. | 5.000 | 05/15/28 | 2,000 | 2,297,100 | |
| Emanate Hlth., Series A | 5.000 | 04/01/26 | 570 | 695,879 | |
| Loma Linda Univ. Med. Ctr., Series A, 144A | 5.250 | 12/01/56 | 1,000 | 1,098,420 | |
| Loma Linda Univ. Med. Ctr., Series A, Rfdg. | 5.250 | 12/01/44 | 1,585 | 1,708,979 | |
| Methodist Hosp. of Southern CA Proj. | 5.000 | 01/01/22 | 200 | 208,904 | |
| Methodist Hosp. of Southern CA Proj. | 5.000 | 01/01/23 | 500 | 542,225 | |
| Methodist Hosp. of Southern CA Proj. | 5.000 | 01/01/24 | 450 | 505,301 | |
| Methodist Hosp. of Southern CA Proj. | 5.000 | 01/01/48 | 1,975 | 2,299,591 | |
| Chino Basin Regl. Fing. Auth. Rev., NTS, Series B | 4.000 | 11/01/25 | 1,000 | 1,175,080 | |
| Chula Vista Calif. Indl. Dev. Rev., San Diego Gas, Series D, Rmkt., Rfdg. | 5.875 | 01/01/34 | 1,000 | 1,003,430 | |
| Chula Vista Muni. Fing. Auth., Spl. Tax, Rfdg. | 5.000 | 09/01/21 | 500 | 517,750 | |
| Fontana Spl. Tax, Cmnty. Facs. Dist. #22 Sierra Hills, Rfdg. | 5.000 | 09/01/34 | 500 | 553,180 | |
| Golden St. Tob. Secur. Corp. Rev., | |||||
| Series A-1, Rfdg. | 5.000 | 06/01/24 | 835 | 958,797 | |
| Series A-1, Rfdg. | 5.000 | 06/01/25 | 360 | 424,346 | |
| Series A-1, Rfdg. | 5.000 | 06/01/26 | 605 | 734,113 | |
| Series A-1, Rfdg. | 5.000 | 06/01/27 | 765 | 951,063 | |
| Series A-1, Rfdg. | 5.000 | 06/01/28 | 1,510 | 1,867,568 | |
| Series A-1, Rfdg. | 5.000 | 06/01/29 | 1,830 | 2,244,440 | |
| Series A-1, Rfdg. | 5.000 | 06/01/33 | 1,405 | 1,718,048 | |
| Inland Vlly. Dev. Agcy., Tax Alloc., Series A, Rfdg. | 5.000 | 09/01/44 | 500 | 556,060 | |
| Irvine Unif. Sch. Dist., Spl. Tax, Series A | 4.000 | 09/01/28 | 750 | 882,112 | |
| Jurupa Pub. Fing. Auth., Spl. Tax, Series A, Rfdg. | 5.000 | 09/01/42 | 1,250 | 1,400,163 | |
| La Mesa-Spring Vly. Sch. Dist., GO, Election of 2002, Series B, CABS, Rfdg., NATL | 0.360(s) | 08/01/23 | 2,000 | 1,980,900 | |
| La Verne, Brethren Hillcrest Homes, COP, Rfdg. (Pre-refunded date 05/15/22)(ee) | 5.000 | 05/15/36 | 1,250 | 1,349,613 | |
| Lincoln Pub. Fing. Auth. Spl. Assmt., Twelve Bridges Sub. Dist., Series B, Rfdg. | 6.000 | 09/02/27 | 972 | 996,212 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Municipal Bonds (Continued) | |||||
| Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., | |||||
| Series A | 5.000 % | 11/15/35 | 2,655 | $3,706,167 | |
| Series A | 5.500 | 11/15/30 | 1,375 | 1,874,276 | |
| Series A | 5.500 | 11/15/32 | 440 | 620,677 | |
| Long Beach Harbor Rev., NTS, Series C | 4.000 | 07/15/21 | 500 | 511,115 | |
| Los Angeles Calif. Dept. Arpts. Rev., | |||||
| Series A, AMT | 5.000 | 05/15/38 | 2,500 | 2,736,625 | |
| Series A, AMT | 5.250 | 05/15/48 | 1,000 | 1,226,190 | |
| Series B, Rfdg., AMT | 5.000 | 05/15/31 | 905 | 1,140,943 | |
| Sr. Series C, AMT | 5.000 | 05/15/28 | 1,000 | 1,283,560 | |
| Sub. Series C, Rfdg. | 5.000 | 05/15/24 | 390 | 449,771 | |
| Los Angeles Cnty. Metro. Trans. Auth. Rev., Green Bond, Measure R, Jr. Sub. Sales Tax, Series A | 5.000 | 06/01/29 | 1,300 | 1,757,158 | |
| Los Angeles Cnty. Regional Fing. Auth. Rev., Montecedro, Inc. Proj., Series A | 5.000 | 11/15/44 | 1,250 | 1,341,875 | |
| Los Angeles Cnty. Rev., Trans., Series A | 4.000 | 06/30/21 | 1,000 | 1,021,990 | |
| Los Angeles Dept. of Wstewtr. Sys. Rev., Green Bond, Sub. Wtr. Sys., Series A | 4.000 | 06/01/42 | 1,500 | 1,741,665 | |
| Los Angeles Dept. of Wtr. Rev., Wtr. Sys., Series B | 5.000 | 07/01/34 | 2,500 | 2,797,500 | |
| Los Angeles Unif. Sch. Dist., Series C, GO | 5.000 | 07/01/28 | 1,000 | 1,320,090 | |
| Los Angeles, Rev., Trans. | 4.000 | 06/24/21 | 1,500 | 1,532,160 | |
| Metro. Wtr. Dist. of Southern Calif. Rev., Unrefunded Balance, Series A, Rfdg. | 5.750 | 07/01/21 | 180 | 185,821 | |
| M-S-R Energy Auth. Rev., Series A | 6.500 | 11/01/39 | 1,000 | 1,653,700 | |
| Muni. Impvt. Corp. of Los Angeles Rev., Cap. Equipment, Series A, Rfdg. | 5.000 | 11/01/27 | 1,000 | 1,298,640 | |
| Northern Calif. Energy Auth. Rev., Series A (Mandatory put date 07/01/24) | 4.000(cc) | 07/01/49 | 3,750 | 4,184,550 | |
| Northern Calif. Transmn. Agy. Rev., Calif.- Oregon Proj., Series A, Rfdg. | 5.000 | 05/01/39 | 750 | 897,368 | |
| Orange Cnty. Cmnty. Facs. Dist. Spl. Tax, | |||||
| No. 2015-1 Esencia Vlg., Series A | 5.250 | 08/15/45 | 2,150 | 2,420,276 | |
| No. 2017-1 Esencia Vlg., Series A | 5.000 | 08/15/47 | 1,500 | 1,739,295 | |
| Orange Cnty. Trans. Auth. Rev., Express Lane Sr. Lien 91, Rfdg. | 5.000 | 08/15/29 | 1,000 | 1,127,850 | |
| Pittsburg Successor Agy. Redev. Agy. Tax Alloc. Rev, Sub. Series A, Rfdg., AGM | 5.000 | 09/01/29 | 1,750 | 2,157,470 | |
| Pittsburg Successor Agy. Redev. Agy. Tax Alloc. Rev., Los Medanos Cmnty. Dev. Proj., AMBAC, CABS | 1.013(s) | 08/01/26 | 1,375 | 1,298,481 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Municipal Bonds (Continued) | |||||
| Port of Oakland Rev., | |||||
| Inter Lien, Series E, Rfdg. | 5.000 % | 11/01/26 | 560 | $696,298 | |
| Intermediate Lien, Series H, Rfdg., AMT(hh) | 5.000 | 05/01/28 | 1,875 | 2,367,525 | |
| Series O, Rfdg., AMT | 5.000 | 05/01/29 | 1,000 | 1,017,910 | |
| Series O, Rfdg., AMT | 5.125 | 05/01/30 | 1,000 | 1,018,340 | |
| Sr. Lien, Series P, Rfdg., AMT | 5.000 | 05/01/33 | 1,750 | 1,855,490 | |
| Poway Unif. Sch. Dist. Pub. Fing. Auth., Spl. Tax, Series A, Rfdg. | 5.000 | 09/01/35 | 1,000 | 1,142,180 | |
| Puerto Rico Comnwlth. Aqu. & Sew. Auth. Rev., | |||||
| Sr. Lien, Series A | 5.750 | 07/01/37 | 390 | 408,786 | |
| Sr. Lien, Series A | 6.000 | 07/01/47 | 325 | 341,660 | |
| Puerto Rico Sales Tax Fing. Corp. Rev., | |||||
| Series A-1, CABS | 2.080(s) | 07/01/24 | 1,038 | 963,762 | |
| Series A-1, CABS | 2.082(s) | 07/01/27 | 2,072 | 1,807,758 | |
| Rancho Cucamonga Redev. Agy. Successor Agy. Tax Alloc., Rancho Redev. Proj. Area, Rfdg., AGM | 5.000 | 09/01/32 | 450 | 520,565 | |
| Redding Elec. Sys. Rev., RIBS, | |||||
| NATL, ETM(ee) | 12.066(e) | 07/01/22 | 545 | 607,871 | |
| NATL, ETM, Linked SAVRS(ee) | 6.368 | 07/01/22 | 15 | 15,865 | |
| Riverside Cnty. Infrast. Fing. Auth. Rev., Series A, Rfdg. | 4.000 | 11/01/37 | 1,270 | 1,429,195 | |
| Riverside Cnty. Pub. Fing. Auth. Rev., Cap. Facs. Proj. | 5.250 | 11/01/45 | 1,000 | 1,188,340 | |
| Riverside Cnty. Trans. Comm. Rev., Sr. Lien, Series A | 5.750 | 06/01/44 | 500 | 550,460 | |
| Roseville Spl. Tax, | |||||
| WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. | 5.000 | 09/01/28 | 300 | 346,014 | |
| WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. | 5.000 | 09/01/37 | 500 | 557,415 | |
| Sacramento Area Flood Ctrl. Agy. Spl. Assmt., Series A, Rfdg. | 5.000 | 10/01/41 | 1,000 | 1,211,060 | |
| Sacramento Cnty. Santn. Dist. Fing. Auth. Rev., | |||||
| Series A, Rfdg. | 5.000 | 12/01/28 | 700 | 947,415 | |
| Var.-Regl., Series B, Rfdg., NATL, 3 Month LIBOR + 0.530% | 0.695(c) | 12/01/35 | 1,000 | 949,186 | |
| Sacramento Cnty. Spl. Tax, Cmnty. Facs. Dist. #2004-1, Mcclellan Park, Rfdg. | 5.000 | 09/01/40 | 1,085 | 1,235,631 | |
| San Buenaventura Rev., | |||||
| Cmnty. Mem. Hlth. Sys. | 7.500 | 12/01/41 | 500 | 529,155 | |
| Cmnty. Mem. Hlth. Sys. | 8.000 | 12/01/26 | 500 | 536,545 | |
| San Diego Cmnty. Clg. Dist., Election of 2006, GO (Pre-refunded date 08/01/21)(ee) | 5.000 | 08/01/41 | 1,500 | 1,547,985 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Municipal Bonds (Continued) | |||||
| San Diego Cnty. Regl. Arpt. Auth. Rev., | |||||
| Sr. Series B, AMT | 5.000 % | 07/01/29 | 1,970 | $2,180,455 | |
| Sr. Series B, AMT | 5.000 | 07/01/30 | 650 | 719,017 | |
| Sr. Series B, AMT | 5.000 | 07/01/43 | 2,000 | 2,188,920 | |
| Sub. Series B, Rfdg., AMT | 5.000 | 07/01/28 | 1,000 | 1,273,650 | |
| Sub. Series C, Rfdg., AMT | 5.000 | 07/01/24 | 625 | 716,369 | |
| San Diego Cnty. Wtr. Auth. Rev., | |||||
| Green Bond, Series A, Rfdg.(hh) | 5.000 | 05/01/27 | 755 | 961,674 | |
| Green Bond, Series A, Rfdg.(hh) | 5.000 | 05/01/28 | 750 | 980,355 | |
| San Diego Pub. Facs. Fing. Auth. Rev., | |||||
| Cap. Impt. Projs., Series A | 5.000 | 10/15/44 | 1,000 | 1,159,010 | |
| Series A, Rfdg. | 5.000 | 08/01/28 | 1,000 | 1,333,550 | |
| San Francisco City & Cnty. Arpts. Comm. Rev., | |||||
| Second Series A, Rfdg. | 5.000 | 05/01/27 | 400 | 489,748 | |
| Second Series A, Rfdg., AMT | 5.000 | 05/01/31 | 1,050 | 1,110,743 | |
| Second Series A, Rfdg., AMT | 5.250 | 05/01/33 | 545 | 600,279 | |
| Second Series C, Unrefunded, AMT, Rfdg. | 5.000 | 05/01/25 | 1,555 | 1,582,321 | |
| Second Series F, Rfdg., AMT | 5.000 | 05/01/28 | 1,000 | 1,017,440 | |
| Series D, Rfdg., AMT | 5.000 | 05/01/26 | 1,160 | 1,408,286 | |
| Spl. Facs. Lease, Rfdg., AMT | 5.000 | 01/01/23 | 650 | 702,507 | |
| San Leandro Cmnty. Facs. Dist. No. 1, Spl. Tax Dist. No. 1 | 6.500 | 09/01/25 | 1,855 | 1,862,643 | |
| Santa Margarita Wtr. Dist. Spl. Tax, Cmnty. Facs. Dist. No. 2013-1 | 5.625 | 09/01/36 | 315 | 344,390 | |
| Santa Maria Joint Union H.S. Dist., Election of 2004, CABS, GO, NATL | 1.187(s) | 08/01/29 | 1,250 | 1,128,100 | |
| Santa Monica Cmnty. College Dist., Election of 2002, Series A, GO, NATL | 0.974(s) | 08/01/28 | 1,055 | 979,272 | |
| Southern Calif. Tob. Secur. Auth. Rev., | |||||
| San Diego Co., Asset security, Rfdg. | 5.000 | 06/01/25 | 775 | 926,877 | |
| San Diego Co., Asset security, Rfdg. | 5.000 | 06/01/28 | 335 | 431,641 | |
| 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 | 819,392 | |
| Univ. of California Rev., Gen. Series AK, Rfdg. (Mandatory put date 05/15/23) | 5.000(cc) | 05/15/48 | 375 | 418,703 | |
| Walnut Energy Ctr. Auth. Rev., Rfdg. | 5.000 | 01/01/34 | 1,000 | 1,159,590 | |
| TOTAL INVESTMENTS 102.4% (cost $196,303,723) | 210,043,016 | ||||
| Liabilities in excess of other assets(z) (2.4)% | (4,980,759) | ||||
| Net Assets 100.0% | $205,062,257 | ||||
| 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 | |
| BAM—Build America Mutual | |
| 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 Guarantee Corp. | |
| Rfdg—Refunding | |
| RIBS—Residual Interest Bonds | |
| SAVRS—Select Auction Variable Rate Securities | |
| TCRs—Transferrable Custodial Receipts |
| # | 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, 2020. |
| (cc) | Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2020. 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. |
| (d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
| (e) | Inverse floating rate bond. The coupon is inversely indexed to a floating rate. The rate shown is the rate at November 30, 2020. |
| (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. |
| (hh) | When-issued security. |
| (s) | Represents zero coupon. Rate quoted represents effective yield at November 30, 2020. |
| (z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
| Futures contracts outstanding at November 30, 2020: | ||||||||
| Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
| Short Position: | ||||||||
| 13 | 20 Year U.S. Treasury Bonds | Mar. 2021 | $2,273,781 | $(3,365) | ||||