N-CSRS 1 tm2024218d5_ncsrs.htm N-CSRS

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-CSR

 

CERTIFIED SHAREHOLDER REPORT

OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number: 811-04474

 

Name of Registrant: Vanguard California Tax-Free Funds
Address of Registrant: P.O. Box 2600
  Valley Forge, PA 19482

 

 Name and address of agent for service: Anne E. Robinson, Esquire
  P.O. Box 876
  Valley Forge, PA 19482

 

Registrant’s telephone number, including area code: (610) 669-1000

 

Date of fiscal year end: November 30

 

Date of reporting period: December 1, 2019—May 31, 2020

 

 

 

 

Item 1: Reports to Shareholders

 

 

 

 

 

 

 

 

Semiannual Report | May 31, 2020

 

 

Vanguard California Tax-Exempt Funds

 

 

 

 

 

 

 

 

 

 

 

Vanguard California Municipal Money Market Fund

 

Vanguard California Intermediate-Term Tax-Exempt Fund

 

Vanguard California Long-Term Tax-Exempt Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports.

 

 

 

 

Important information about access to shareholder reports

 

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report.

 

If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com.

 

You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com. Your election to receive paper copies will apply to all the funds you hold through an intermediary or directly with Vanguard.

 

 

 

Contents

 

About Your Fund’s Expenses 1
California Municipal Money Market Fund 3
California Intermediate-Term Tax-Exempt Fund 26
California Long-Term Tax-Exempt Fund 194
Trustees Approve Advisory Arrangements 245
Liquidity Risk Management 247

 

 

 

About Your Fund’s Expenses

 

 

As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.

 

A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

 

The accompanying table illustrates your fund’s costs in two ways:

 

• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.

 

To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“

 

• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.

 

Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”

 

The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.

 

You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.

 

 1 

 

 

Six Months Ended May 31, 2020

 

  Beginning Ending Expenses
  Account Value Account Value Paid During
  11/30/2019 5/31/2020 Period
Based on Actual Fund Return      
California Municipal Money Market Fund $1,000.00 $1,004.46 $0.80
California Intermediate-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,019.16 $0.86
Admiral™ Shares 1,000.00 1,019.57 0.45
California Long-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,018.56 $0.86
Admiral Shares 1,000.00 1,018.96 0.45
Based on Hypothetical 5% Yearly Return      
California Municipal Money Market Fund $1,000.00 $1,024.20 $0.81
California Intermediate-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,024.15 $0.86
Admiral Shares 1,000.00 1,024.55 0.46
California Long-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,024.15 $0.86
Admiral Shares 1,000.00 1,024.55 0.46

 

The calculations are based on expenses incurred in the most recent six-month period. The funds’ annualized six-month expense ratios for that period are: for the California Municipal Money Market Fund, 0.16%; for the California Intermediate-Term Tax-Exempt Fund, 0.17% for Investor Shares and 0.09% for Admiral Shares; and for the California Long-Term Tax-Exempt Fund, 0.17% for Investor Shares and 0.09% for Admiral Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (183/366).

 

  2 

 

 

California Municipal Money Market Fund

 

 

Distribution by Effective Maturity1

As of May 31, 2020

 

1 - 7 Days 62.0%
8 - 30 Days 9.6  
31 - 60 Days 8.5  
61 - 90 Days 8.3  
91 - 180 Days 5.3  
Over 180 Days 6.3  

 

1 Percentage of investments. 

 

  3 

 

 

California Municipal Money Market Fund

 

 

Financial Statements (unaudited)

 

 

Schedule of Investments

As of May 31, 2020

 

The fund publishes its holdings on a monthly basis on Vanguard’s website and files them with the Securities and Exchange Commission (SEC) on Form N-MFP. The fund’s Form N-MFP filings may be viewed via a link on the “Portfolio Holdings” page at www.vanguard.com or on the SEC’s website at www.sec.gov.

 

                Face   Market
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
Tax-Exempt Municipal Bonds (100.8%)                    
                     
California (100.8%)                    
  ABAG Finance Authority for Nonprofit Corps.California Revenue (Computer History Museum) VRDO   0.210%   6/5/20 LOC   7,000   7,000  
  ABAG Finance Authority for Nonprofit Corps. California Revenue (Lakeside Village Apartments) VRDO   0.070%   6/5/20 LOC   49,820   49,820  
  ABAG Finance Authority for Nonprofit Corps.California Revenue (Public Policy Institute) VRDO   0.050%   6/5/20 LOC   7,205   7,205  
1 Alameda CA Unified School District TOB VRDO   0.140%   6/5/20     4,000   4,000  
  Alameda County CA CP   0.160%   6/2/20 LOC   9,500   9,500  
1  Anaheim CA Elementary School District GO TOB VRDO   0.120%   6/5/20     2,120   2,120  
  Anaheim CA Housing Finance Agency Home Mortgage Revenue VRDO   0.130%   6/5/20 LOC   5,485   5,485  
1 Bay Area CA Toll Authority Toll Bridge Revenue TOB VRDO   0.140%   6/5/20     15,630   15,630  
  Bay Area CA Toll Authority Toll Bridge Revenue VRDO   0.030%   6/5/20 LOC   21,900   21,900  
1 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) TOB VRDO   0.140%   6/5/20     8,435   8,435  
1  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) TOB VRDO   0.140%   6/5/20     6,060   6,060  
1 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) TOB VRDO   0.140%   6/5/20     6,710   6,710  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) VRDO   0.030%   6/5/20 LOC   15,500   15,500  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) VRDO   0.030%   6/5/20 LOC   63,160   63,160  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) VRDO   0.040%   6/5/20 LOC   33,575   33,575  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) VRDO   0.070%   6/5/20 LOC   17,000   17,000  
1 Beverly Hills CA Public Financing Authority Water Revenue TOB VRDO   0.160%   6/5/20     4,580   4,580  

 

  4 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 )
                       
  Big Bear Lake CA Industrial Revenue (Southwest Gas Corp. Project) VRDO   0.150%   6/5/20 LOC   47,800   47,800  
1  BlackRock MuniYield California Fund Inc. VRDP VRDO   0.220%   6/5/20     45,800   45,800  
1  BlackRock MuniYield California Quality Fund, Inc. VRDP VRDO   0.220%   6/5/20     159,100   159,100  
1 California Agency Enhanced Affordable Housing Trust Revenue TOB VRDO   0.240%   6/5/20     33,800   33,800  
1  California Agency Enhanced Affordable Housing Trust Revenue TOB VRDO   0.340%   6/5/20     31,800   31,800  
1 California Coast Community College District GO TOB VRDO   0.140%   6/5/20     5,705   5,705  
1  California Department of Water Resources Water System Revenue (Central Valley Project) TOB VRDO   0.160%   6/5/20 LOC   7,770   7,770  
  California Department of Water Resources Water System Revenue CP   0.230%   6/15/20     31,307   31,307  
  California Department of Water Resources Water System Revenue CP   0.200%   6/19/20     3,918   3,918  
  California Department of Water Resources Water System Revenue CP   0.210%   6/24/20     8,064   8,064  
  California Department of Water Resources Water System Revenue CP   0.230%   6/25/20     8,676   8,676  
  California Department of Water Resources Water System Revenue CP   0.200%   7/2/20     15,020   15,020  
  California Department of Water Resources Water System Revenue CP   0.200%   7/6/20     12,412   12,412  
  California Department of Water Resources Water System Revenue CP   0.220%   7/7/20     6,000   6,000  
  California Department of Water Resources Water System Revenue CP   0.350%   7/7/20     5,366   5,366  
  California Department of Water Resources Water System Revenue CP   0.150%   7/13/20     16,822   16,822  
  California Department of Water Resources Water System Revenue CP   0.400%   7/16/20     15,773   15,773  
  California Department of Water Resources Water System Revenue CP   0.240%   8/6/20     15,365   15,365  
  California Department of Water Resources Water System Revenue CP   0.170%   8/17/20     12,290   12,290  
  California Department of Water Resources Water System Revenue CP   0.240%   9/9/20     37,390   37,390  
  California Department of Water Resources Water System Revenue CP   0.250%   9/16/20     43,895   43,895  
  California Department of Water Resources Water System Revenue CP   0.220%   9/17/20     11,828   11,828  
  California Educational Facilities Authority Revenue (Stanford Hospital) CP   0.920%   7/6/20     9,750   9,750  
  California Educational Facilities Authority Revenue (Stanford University) CP   0.800%   10/23/20     37,950   37,950  
  California Educational Facilities Authority Revenue (Stanford University) CP   0.800%   10/23/20     1,200   1,200  
  California Educational Facilities Authority Revenue (Stanford University) CP   0.900%   11/19/20     49,500   49,500  

 

  5 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Educational Facilities Authority Revenue (Stanford University) CP   0.470%   12/4/20     50,000   50,000  
1  California Educational Facilities Authority Revenue (Stanford University) TOB VRDO   0.100%   6/5/20     8,000   8,000  
1  California Educational Facilities Authority Revenue (Stanford University) TOB VRDO   0.140%   6/5/20     3,300   3,300  
1  California Educational Facilities Authority Revenue (Stanford University) TOB VRDO   0.170%   6/5/20     3,000   3,000  
1  California Educational Facilities Authority Revenue (Stanford University) TOB VRDO   0.170%   6/5/20     3,590   3,590  
1  California Educational Facilities Authority Revenue (Stanford University) VRDO   0.070%   6/5/20     2,700   2,700  
  California GO   5.000%   8/1/20     23,090   23,240  
  California GO   5.000%   8/1/20     1,000   1,007  
  California GO   5.000%   10/1/20     5,830   5,911  
  California GO   5.000%   4/1/21     80,530   82,850  
  California GO CP   0.270%   7/8/20 LOC   12,500   12,500  
  California GO CP   0.250%   7/14/20 LOC   21,675   21,675  
  California GO CP   0.400%   7/29/20 LOC   6,795   6,795  
  California GO CP   0.400%   8/4/20 LOC   10,000   10,000  
  California GO CP   0.390%   8/10/20 LOC   47,500   47,500  
  California GO CP   0.200%   8/12/20 LOC   5,500   5,500  
  California GO CP   0.290%   8/12/20 LOC   17,805   17,805  
  California GO CP   0.390%   8/12/20 LOC   14,250   14,250  
  California GO CP   0.300%   8/13/20 LOC   20,000   20,000  
  California GO CP A4   0.240%   7/15/20 LOC   8,985   8,985  
  California GO CP A4   0.250%   7/15/20 LOC   10,000   10,000  
  California GO CP A4   0.500%   7/15/20 LOC   10,000   10,000  
  California GO CP A7   0.400%   8/3/20 LOC   25,500   25,500  
1 California GO TOB VRDO   0.080%   6/1/20     5,300   5,300  
1 California GO TOB VRDO   0.100%   6/5/20     23,645   23,645  
1 California GO TOB VRDO   0.100%   6/5/20     20,395   20,395  
1 California GO TOB VRDO   0.100%   6/5/20     26,835   26,835  
1 California GO TOB VRDO   0.140%   6/5/20     4,580   4,580  
1 California GO TOB VRDO   0.140%   6/5/20     7,590   7,590  
1 California GO TOB VRDO   0.140%   6/5/20     5,000   5,000  
1 California GO TOB VRDO   0.150%   6/5/20 (4)LOC   5,005   5,005  
1 California GO TOB VRDO   0.160%   6/5/20     3,000   3,000  
1 California GO TOB VRDO   0.160%   6/5/20     2,220   2,220  
1 California GO TOB VRDO   0.170%   6/5/20     3,335   3,335  
1 California GO TOB VRDO   0.170%   6/5/20     4,500   4,500  
1 California GO TOB VRDO   0.170%   6/5/20     2,770   2,770  
  California GO VRDO   0.030%   6/1/20 LOC   10,300   10,300  
  California GO VRDO   0.030%   6/1/20 LOC   10,655   10,655  
  California GO VRDO   0.060%   6/5/20 LOC   27,170   27,170  
  California GO VRDO   0.070%   6/5/20 LOC   15,245   15,245  
1 California Health Facilities Financing Authority (Providence St. Joseph Health Obligated Group) TOB VRDO   0.140%   6/5/20     2,295   2,295  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West) VRDO   0.040%   6/1/20 LOC   4,270   4,270  
  California Health Facilities Financing Authority Revenue (Catholic Healthcare West) VRDO   0.110%   6/5/20 LOC   20,000   20,000  

 

  6 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
1,2     California Health Facilities Financing Authority Revenue (Kaiser Credit Group) TOB PUT, SIFMA Municipal Swap Index Yield + 0.150%       0.290%       11/2/20 LOC       2,500       2,500  
1   California Health Facilities Financing Authority Revenue (Kaiser Credit Group) TOB VRDO     0.170%     6/5/20       8,000     8,000  
    California Health Facilities Financing Authority Revenue (Kaiser Permanente) CP     1.070%     6/2/20       3,400     3,400  
    California Health Facilities Financing Authority Revenue (Kaiser Permanente) CP     0.500%     10/7/20       9,600     9,600  
1     California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford) TOB VRDO       0.140%       6/5/20         6,750       6,750  
1     California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford) TOB VRDO       0.170%       6/5/20         6,665       6,665  
    California Health Facilities Financing Authority Revenue (Memorial Health Services) VRDO     0.100%     6/5/20       33,215     33,215  
    California Health Facilities Financing Authority Revenue (Scripps Health) VRDO     0.090%     6/5/20       46,550     46,550  
1   California Health Facilities Financing Authority Revenue TOB VRDO     0.080%     6/1/20 (Prere.)     18,395     18,395  
2       California Infrastructure & Economic Development Bank Revenue (J. Paul Getty Trust) PUT, SIFMA Municipal Swap Index Yield - 0.050%         0.900%         4/1/21           22,000         22,000  
1   California Infrastructure & Economic Development Bank Revenue TOB VRDO     0.160%     6/5/20       5,915     5,915  
1   California Infrastructure & Economic Development Bank Revenue TOB VRDO     0.170%     6/5/20       6,970     6,970  
      California Municipal Finance Authority Exempt Facilities Revenue (ExxonMobil Project) VRDO       0.060%       6/1/20         16,310       16,310  
      California Municipal Finance Authority Multifamily Housing Revenue (Garden Brook Senior Village) VRDO       0.100%       6/5/20 LOC       8,060       8,060  
      California Municipal Finance Authority Recovery Zone Revenue (Chevron USA Inc. Project) VRDO       0.040%       6/1/20         100,000       100,000  
1     California Municipal Finance Authority Revenue (LAX Integrated Express Solutions LLC) TOB VRDO       0.210%       6/5/20 LOC       3,740       3,740  
    California Pollution Control Financing Authority Revenue (ExxonMobil Project) VRDO     0.060%     6/1/20       5,350     5,350  
1     California Public Finance Authority Revenue (Sharp Healthcare Obligated Group) TOB VRDO       0.080%       6/1/20         3,750       3,750  
    California School Cash Reserve Program Authority TRAN     2.000%     6/30/20       7,395     7,400  
  California State University Institute CP   0.220%   6/4/20 LOC   26,835   26,835  
  California State University Institute CP   0.230%   6/4/20     12,732   12,732  
  California State University Institute CP   0.240%   6/4/20 LOC   10,000   10,000  
 1 California State University Revenue TOB VRDO   0.140%   6/5/20     2,240   2,240  

 

  7 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
1 California State University Systemwide Revenue TOB VRDO   0.160%   6/5/20     7,160   7,160  
  California Statewide Communities Development Authority (Rady Children’s Hospital) VRDO   0.040%   6/1/20 LOC     21,045   21,045  
  California Statewide Communities Development Authority Multifamily Housing Revenue (Crossing Senior Apartments) VRDO   0.130%   6/5/20 LOC   12,785   12,785  
  California Statewide Communities Development Authority Multifamily Housing Revenue (Irvine Apartment Communities LP) VRDO   0.060%   6/1/20 LOC   15,800   15,800  
  California Statewide Communities Development Authority Multifamily Housing Revenue (Ridgeway Apartments) VRDO   0.090%   6/5/20 LOC   26,080   26,080  
  California Statewide Communities Development Authority Multifamily Housing Revenue (Steadfast River Run LP) VRDO   0.130%   6/5/20 LOC   12,805   12,805  
  California Statewide Communities Development Authority Multifamily Housing Revenue (Wilshire Court Project) VRDO   0.130%   6/5/20 LOC   11,900   11,900  
  California Statewide Communities Development Authority Multifamily Revenue VRDO   0.060%   6/1/20 LOC   20,000   20,000  
  California Statewide Communities Development Authority Revenue (Irvine Apartment Communities LP) VRDO   0.060%   6/1/20 LOC   13,100   13,100  
  California Statewide Communities Development Authority Revenue (Kaiser Foundation Hospitals) PUT   1.120%   6/2/20     8,000   8,000  
  California Statewide Communities Development Authority Revenue (Kaiser Foundation Hospitals) PUT   1.120%   6/3/20     21,865   21,865  
  California Statewide Communities Development Authority Revenue (Kaiser Foundation Hospitals) PUT   1.050%   6/4/20     8,000   8,000  
  California Statewide Communities Development Authority Revenue (Kaiser Foundation Hospitals) PUT   0.300%   7/7/20     8,000   8,000  
  California Statewide Communities Development Authority Revenue (Kaiser Foundation Hospitals) PUT   1.040%   9/2/20     15,500   15,500  
  California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.070%   6/2/20     11,000   11,000  
  California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.070%   6/2/20     21,090   21,090  
  California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.050%   6/3/20     16,000   16,000  

 

  8 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.060%   6/3/20         17,000   17,000  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.060%   6/3/20         30,000   30,000  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.050%   6/4/20         30,000   30,000  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.050%   6/4/20         25,000   25,000  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   0.270%   7/7/20         47,750   47,750  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   0.300%   7/7/20         2,750   2,750  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   0.920%   7/8/20         38,000   38,000  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.000%   8/5/20         25,000   25,000  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.020%   8/5/20         33,750   33,750  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   1.020%   8/5/20         7,600   7,600  
      California Statewide Communities Development Authority Revenue (Kaiser Permanente) CP   0.500%   9/2/20         29,500   29,500  
1 California Statewide Communities Development Authority Revenue (Trinity Health) TOB VRDO   0.100%   6/5/20         2,175   2,175  
1   Campbell Union High School District CA GO TOB VRDO    0.130%   6/5/20       9,000    9,000  
    Chabot-Las Positas CA Community College District GO    4.000%    8/1/20       1,625   1,633  
1   Chino Valley CA Unified School District GO TOB VRDO    0.140%    6/5/20       3,945   3,945  
1   Chino Valley CA Unified School District GO TOB VRDO    0.160%    6/5/20       2,000   2,000  
1   Coast Community College District CA GO TOB VRDO    0.150%    6/5/20 LOC   5,000   5,000  
    Contra Costa CA Municipal Water District Revenue (Extendible) CP    1.100%   11/29/20       17,250   17,250  
    Contra Costa County CA Multifamily Housing Revenue (Park Regency) VRDO    0.080%    6/5/20 LOC   10,000   10,000  
1   Corona-Norco CA Unified School District GO TOB VRDO    0.150%    6/5/20 LOC   4,315   4,315  
1   Cupertino CA Union School District GO TOB VRDO   0.140%    6/5/20       8,870   8,870  

 

  9 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
1   Desert CA Community College District GO TOB VRDO     0.130%   6/5/20     6,000   6,000  
1,2 Dublin CA Unified School District GO TOB PUT   0.050%   6/1/20     36,010   36,010  
    East Bay CA Municipal Utility District Water System Revenue CP     0.950%   6/2/20     20,000   20,000  
    East Bay CA Municipal Utility District Water System Revenue CP     0.380%    7/6/20     23,400   23,400  
1   East Bay CA Municipal Utility District Water System Revenue TOB VRDO     0.080%     6/1/20     13,525   13,525  
1   East Bay CA Municipal Utility District Water System Revenue TOB VRDO     0.170%     6/5/20     2,500   2,500  
    Eastern California Municipal Water District Water & Wastewater Revenue VRDO     0.060%     6/1/20     41,550   41,550  
    Eastern California Municipal Water District Water & Wastewater Revenue VRDO     0.060%     6/1/20     7,100   7,100  
1   Eastern Municipal Water District CA Financing Authority TOB VRDO     0.170%     6/5/20     9,000   9,000  
1   Elk Grove CA Unified School District GO TOB VRDO     0.050%     6/1/20     10,960   10,960  
1   Elk Grove CA Unified School District GO TOB VRDO     0.120%     6/5/20     670   670  
1   Elk Grove CA Unified School District GO TOB VRDO     0.150%     6/5/20     2,120   2,120  
      Escondido CA Community Development Multifamily Revenue (Heritage Park Apartments) VRDO       0.130%     6/5/20 LOC   4,250   4,250  
1 Fairfield CA COP TOB VRDO   0.240%   6/5/20 (10)   2,250   2,250  
1     Folsom Cordova CA Unified School District School Facilities Improvement District No. 5 TOB VRDO       0.100%       6/5/20     3,750   3,750  
1   Foothill-De Anza CA Community College District GO TOB VRDO     0.170%     6/5/20     7,500   7,500  
1   Foothill-Eastern CA Transportation Corridor Agency Revenue TOB VRDO     0.180%     6/5/20 LOC   1,110   1,110  
1   Fremont CA Union High School District TOB VRDO     0.140%     6/5/20     3,425   3,425  
1   Gilroy CA Unified School District GO TOB VRDO     0.150%     6/5/20     2,000   2,000  
1   Hartnell CA Community College GO TOB VRDO     0.140%     6/5/20     1,245   1,245  
1   Hayward CA Area Recreation & Park District GO TOB VRDO     0.170%     6/5/20     5,000   5,000  
1   Huntington Beach CA City School District GO TOB VRDO     0.050%     6/1/20     8,975   8,975  
    Irvine CA Assessment District No. 00-18 Improvement Revenue VRDO   0.040%     6/1/20 LOC   7,100   7,100  
    Irvine CA Assessment District No. 87-08 Improvement Bonds VRDO   0.030%     6/1/20 LOC   7,179   7,179  
    Irvine CA Assessment District No. 93-14 Improvement Revenue VRDO   0.050%     6/1/20 LOC   45,600   45,600  
    Irvine CA Assessment District No. 97-16 Improvement Revenue VRDO   0.030%     6/1/20 LOC   15,427   15,427  
    Irvine CA Assessment District No. 97-17 Improvement Revenue VRDO   0.040%     6/1/20 LOC   6,470   6,470  

 

  10 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
2   Irvine CA Ranch Water District Revenue PUT, SIFMA Municipal Swap Index Yield - 0.060%   0.080%   3/3/21     26,000   26,000  
2   Irvine CA Ranch Water District Revenue PUT, SIFMA Municipal Swap Index Yield - 0.060%   0.080%   3/3/21     40,000   40,000  
    Irvine CA Ranch Water District Revenue VRDO   0.040%   6/1/20 LOC   7,660   7,660  
    Irvine CA Ranch Water District Revenue VRDO   0.050%   6/1/20 LOC    400   400  
    Irvine CA Reassessment District No. 05-21 Improvement Revenue VRDO   0.040%   6/1/20 LOC   5,820   5,820  
    Irvine CA Reassessment District No. 85-7A Improvement Revenue VRDO   0.040%   6/1/20 LOC   3,644   3,644  
1   Irvine Ranch CA Water District COP TOB VRDO   0.160%   6/5/20     3,220   3,220  
  Kaiser Foundation Hospitals CA Revenue   1.000%   8/4/20     29,500   29,500  
  Livermore CA COP VRDO   0.040%   6/1/20 LOC   9,465   9,465  
      Livermore CA Redevelopment Agency Multi-Family Housing Revenue (Richards Manor) VRDO   0.130%   6/5/20 LOC   4,770   4,770  
1   Long Beach CA Community College District GO TOB VRDO   0.160%   6/5/20      5,051   5,051  
1 Long Beach CA Harbor Revenue TOB VRDO   0.100%   6/5/20     4,000   4,000  
1 Long Beach CA Harbor Revenue TOB VRDO   0.160%   6/5/20     3,750   3,750  
  Long Beach CA Unified School District GO   5.000%   8/1/20     7,775   7,829  
1   Long Beach CA Unified School District GO TOB VRDO   0.140%   6/5/20     1,620   1,620  
1   Long Beach CA Unified School District GO TOB VRDO    0.170%   6/5/20     21,060   21,060  
1   Los Angeles CA Community College District GO TOB VRDO    0.170%   6/5/20 (Prere.)   4,650   4,650  
1   Los Angeles CA Community College District TOB VRDO    0.170%   6/5/20     3,750   3,750  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.160%    6/5/20     1,450   1,450  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.160%    6/5/20     2,935   2,935  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.190%    6/5/20     9,555   9,555  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.190%    6/5/20     3,970   3,970  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.190%    6/5/20     4,500   4,500  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.190%    6/5/20     5,015    5,015  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.210%    6/5/20     1,460   1,460  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.210%    6/5/20     2,940   2,940  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.260%    6/5/20     5,020   5,020  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO    0.260%    6/5/20     6,665   6,665  
1   Los Angeles CA Department of Airports International Airport Revenue TOB VRDO   0.260%    6/5/20     7,545   7,545  

 

  11 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
1 Los Angeles CA Department of Airports Revenue TOB VRDO   0.110%   6/5/20     12,060   12,060  
1 Los Angeles CA Department of Airports Revenue TOB VRDO   0.190%   6/5/20     6,520   6,520  
1 Los Angeles CA Department of Airports Revenue TOB VRDO   0.210%   6/5/20     6,550   6,550  
1 Los Angeles CA Department of Airports Revenue TOB VRDO   0.260%   6/5/20     2,500   2,500  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/20     1,000   1,003  
1 Los Angeles CA Department of Water & Power Revenue TOB VRDO   0.080%   6/1/20     7,310   7,310  
1 Los Angeles CA Department of Water & Power Revenue TOB VRDO   0.100%   6/5/20     1,150   1,150  
1 Los Angeles CA Department of Water & Power Revenue TOB VRDO   0.140%   6/5/20     7,590   7,590  
1 Los Angeles CA Department of Water & Power Revenue TOB VRDO   0.160%   6/5/20     5,400   5,400  
1 Los Angeles CA Department of Water & Power Revenue TOB VRDO   0.170%   6/5/20     10,900   10,900  
1 Los Angeles CA Department of Water & Power Revenue TOB VRDO   0.170%   6/5/20     2,000   2,000  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     16,350   16,350  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     7,340   7,340  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     7,600   7,600  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.050%   6/1/20     33,400   33,400  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.050%   6/1/20     12,700   12,700  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.050%   6/1/20     14,500   14,500  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.060%   6/1/20     4,000   4,000  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.060%   6/1/20     17,750   17,750  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.060%   6/1/20     16,640   16,640  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.060%   6/1/20     5,920   5,920  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.060%   6/1/20     11,000   11,000  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.050%   6/5/20     9,400   9,400  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.050%   6/5/20     45,550   45,550  
1 Los Angeles CA Department of Water & Power System Revenue TOB VRDO   0.100%   6/5/20     4,800   4,800  
1 Los Angeles CA Department of Water & Power System Revenue TOB VRDO   0.100%   6/5/20     3,665   3,665  
1 Los Angeles CA Department of Water & Power System Revenue TOB VRDO   0.140%   6/5/20     9,200   9,200  

 

  12 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
1 Los Angeles CA Harbor Department Revenue TOB VRDO   0.160%   6/5/20     1,875   1,875  
1 Los Angeles CA Harbor Department Revenue TOB VRDO   0.190%   6/5/20     2,220   2,220  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue CP   0.300%   7/8/20 LOC   11,467   11,467  
1 Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue TOB VRDO   0.150%   6/5/20 LOC   12,500   12,500  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue A3 CP   0.270%   7/8/20 LOC   10,000   10,000  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue A3 CP   1.100%   8/14/20 LOC   2,500   2,500  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue CP   0.260%   7/28/20 LOC   4,500   4,500  
  Los Angeles CA TRAN   5.000%   6/25/20     234,765   235,348  
1,2 Los Angeles CA Wastewater System Revenue TOB PUT, SIFMA Municipal Swap Index Yield + 0.150%   0.290%   6/1/20 LOC   5,000   5,000  
  Los Angeles CA Wastewater System Revenue VRDO   0.070%   6/5/20 LOC   36,465   36,465  
  Los Angeles County CA Capital Asset Leasing Corp. Lease Revenue CP   0.230%   7/6/20 LOC   10,100   10,100  
  Los Angeles County CA Capital Asset Leasing Corp. Lease Revenue CP   0.230%   7/6/20 LOC   9,800   9,800  
  Los Angeles County CA Capital Asset Leasing Corp. Lease Revenue CP   0.400%   8/3/20 LOC   5,950   5,950  
  Los Angeles County CA Capital Asset Leasing Corp. Lease Revenue CP   0.370%   8/6/20 LOC   23,440   23,440  
  Los Angeles County CA Capital Asset Leasing Corp. Lease Revenue CP   0.370%   8/6/20 LOC   21,500   21,500  
  Los Angeles County CA Capital Asset Leasing Corp. Lease Revenue CP   0.370%   8/6/20 LOC   34,800   34,800  
  Los Angeles County CA Capital Asset Leasing Corp. Lease Revenue CP   0.290%   8/12/20 LOC   12,000   12,000  
  Los Angeles County CA TRAN   5.000%   6/30/20     76,000   76,225  
1 Lucia Mar CA Unified School District GO TOB VRDO   0.150%   6/5/20     4,990   4,990  
1 Madera CA Unified School District GO TOB VRDO   0.080%   6/1/20     6,400   6,400  
1 Marin CA Community College District GO TOB VRDO   0.150%   6/5/20 LOC   3,125   3,125  
1 Marin CA Healthcare District GO TOB VRDO   0.140%   6/5/20     5,585   5,585  
1 Marin CA Healthcare District GO TOB VRDO   0.170%   6/5/20     1,600   1,600  
1 Marin CA Healthcare District GO TOB VRDO   0.170%   6/5/20     5,235   5,235  
1 Marin CA Water District Financing Authority Revenue TOB VRDO   0.180%   6/5/20     4,025   4,025  
2 Metropolitan Water District of Southern California Revenue PUT, SIFMA Municipal Swap Index Yield + 0.250%   0.080%   6/21/21     6,500   6,499  
2 Metropolitan Water District of Southern California Revenue PUT, SIFMA Municipal Swap Index Yield + 0.250%   0.080%   6/21/21     6,500   6,499  

  

  13 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
2 Metropolitan Water District of Southern California Revenue PUT, SIFMA Municipal Swap Index Yield + 0.250%   0.390%   6/21/21     7,000   6,998  
  Metropolitan Water District of Southern California Revenue VRDO   0.050%   6/1/20     5,600   5,600  
  Metropolitan Water District of Southern California Revenue VRDO   0.060%   6/1/20     42,000   42,000  
1 Montebello CA Unified School District GO TOB VRDO   0.150%   6/5/20 LOC   4,700   4,700  
1 Morgan Hill CA Unified School District GO TOB VRDO   0.130%   6/5/20     8,000   8,000  
1 Mount San Antonio CA Community College District TOB VRDO   0.140%   6/5/20     4,000   4,000  
1 Newhall CA School District GO TOB VRDO   0.050%   6/1/20     10,450   10,450  
1 Norwalk-La Mirada CA Unified School District GO TOB VRDO   0.150%   6/5/20     2,500   2,500  
1 Nuveen California AMT-Free Quality Municipal Income Fund VRDP VRDO   0.130%   6/5/20 LOC   77,000   77,000  
1 Nuveen California AMT-Free Quality Municipal Income Fund VRDP VRDO   0.130%   6/5/20 LOC   40,000   40,000  
1 Nuveen California AMT-Free Quality Municipal Income Fund VRDP VRDO   0.140%   6/5/20 LOC   42,700   42,700  
1 Nuveen California Dividend Advantage Municipal Fund VRDP VRDO   0.210%   6/5/20 LOC   44,000   44,000  
1 Nuveen California Dividend Advantage Municipal Fund VRDP VRDO   0.210%   6/5/20 LOC   60,500   60,500  
1 Nuveen California Dividend Advantage Municipal Fund VRDP VRDO   0.260%   6/5/20 LOC   13,600   13,600  
1 Nuveen California Dividend Advantage Municipal Fund VRDP VRDO   0.260%   6/5/20 LOC   9,100   9,100  
1 Oakland CA GO TOB VRDO   0.050%   6/1/20     10,185   10,185  
  Oceanside CA Multifamily Housing Revenue (Shadow Way Apartments Project) VRDO   0.150%   6/5/20 LOC   15,000   15,000  
1 Oxnard CA School District GO TOB VRDO   0.150%   6/5/20 (15)LOC   3,000   3,000  
1 Oxnard CA Union High School District GO TOB VRDO   0.130%   6/5/20     7,200   7,200  
  Palo Alto CA Unified School District GO   2.000%   8/31/20     6,000   6,015  
  Pasadena CA COP VRDO   0.060%   6/5/20 LOC   41,400   41,400  
  Pleasanton CA Multifamily Housing Revenue VRDO   0.130%   6/5/20 LOC   12,760   12,760  
  Riverside County CA Teeter Revenue   1.375%   10/22/20     24,515   24,541  
  Riverside County CA TRAN   5.000%   6/30/20     25,000   25,074  
1 Sacramento CA Area Flood Control Agency Special Assessment Revenue TOB VRDO   0.160%   6/5/20     6,000   6,000  
1 Sacramento CA Area Flood Control Agency Special Assessment Revenue TOB VRDO   0.160%   6/5/20     10,000   10,000  
1,2 Sacramento CA Area Flood Control Agency Special Assessment Revenue TOB VRDO, SIFMA Municipal Swap Index Yield + 0.150%   0.290%   10/1/20 LOC   2,300   2,300  
  Sacramento CA Housing Authority Multifamily Housing Revenue AMT VRDO   0.130%   6/5/20 LOC   14,270   14,270  
1 Sacramento CA Municipal Utility District Revenue TOB VRDO   0.140%   6/5/20     6,000   6,000  

 

  14 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
    Coupon   Date     ($000 )  ($000 ) 
  Sacramento CA Transportation Authority Sales Tax Revenue VRDO   0.050%   6/5/20 LOC   8,400   8,400  
  Sacramento CA Transportation Authority Sales Tax Revenue VRDO   0.090%   6/5/20     80,000   80,000  
  Sacramento County CA Housing Authority Revenue (Ashford Heights LP) VRDO   0.130%   6/5/20 LOC   12,255   12,255  
  Sacramento County CA Multifamily Housing Revenue (River Pointe Apartments) VRDO   0.130%   6/5/20 LOC   9,700   9,700  
1 San Bernardino CA Community College District GO TOB VRDO   0.130%   6/5/20     4,620   4,620  
1 San Bernardino County CA Transportation Authority Revenue TOB VRDO   0.160%   6/5/20     7,900   7,900  
1 San Diego CA Community College District GO TOB VRDO   0.140%   6/5/20 (Prere.)   6,445   6,445  
  San Diego CA Housing Authority Multifamily Housing Revenue (Park & Market Apartments) VRDO   0.120%   6/5/20 LOC   21,300   21,300  
  San Diego CA Unified School District GO   5.000%   6/30/20     42,770   42,899  
  San Diego CA Unified School District GO   3.000%   7/1/20     13,500   13,522  
1 San Diego CA Unified School District GO TOB VRDO   0.140%   6/5/20     4,000   4,000  
1 San Diego CA Unified School District GO TOB VRDO   0.150%   6/5/20 LOC   4,500   4,500  
1 San Diego CA Unified School District GO TOB VRDO   0.160%   6/5/20     9,445   9,445  
1 San Diego CA Unified School District GO TOB VRDO   0.170%   6/5/20     2,500   2,500  
  San Diego County CA Regional Transportation Authority Sales Tax Revenue VRDO   0.070%   6/5/20     54,265   54,265  
  San Diego County CA Regional Transportation Commission Revenue   4.000%   4/1/21     52,310   53,762  
1 San Diego County CA Regional Transportation Commission Sales Tax Revenue TOB VRDO   0.160%   6/5/20     4,445   4,445  
  San Diego County CA Regional Transportation Commission Sales Tax Revenue VRDO   0.070%   6/5/20     14,810   14,810  
  San Diego County CA School District TRAN   4.000%   6/30/20     30,000   30,068  
  San Diego County CA Water Authority Revenue (Extendible) CP   0.320%   2/7/21     12,500   12,500  
  San Diego County CA Water Authority Revenue (Extendible) CP   0.300%   2/15/21     17,500   17,500  
  San Diego County CA Water Authority Revenue CP   0.250%   6/18/20     21,000   21,000  
  San Diego County CA Water Authority Revenue CP   0.230%   7/23/20     35,000   35,000  
1 San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue TOB VRDO   0.160%   6/5/20     3,750   3,750  
1 San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue TOB VRDO   0.170%   6/5/20     5,550   5,550  
1 San Francisco CA City & County GO TOB VRDO   0.140%   6/5/20     8,795   8,795  
1 San Francisco CA City & County International Airport Revenue TOB VRDO   0.190%   6/5/20 LOC   37,185   37,185  
1 San Francisco CA City & County International Airport Revenue TOB VRDO   0.190%   6/5/20 LOC   12,900   12,900  

 

  15 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
1 San Francisco CA City & County International Airport Revenue TOB VRDO   0.190%   6/5/20 LOC   19,655   19,655  
  San Francisco CA City & County Lease Revenue CP   0.850%   6/11/20 LOC   14,531   14,531  
  San Francisco CA City & County Multifamily Housing Revenue (1601 Mariposa Apartments) VRDO   0.110%   6/5/20 LOC   37,900   37,900  
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue CP   0.230%   8/26/20 LOC   30,465   30,465  
1 San Francisco CA City & County Public Utilities Commission Wastewater Revenue TOB VRDO   0.140%   6/5/20     3,000   3,000  
1 San Francisco CA City & County Public Utilities Commission Wastewater Revenue TOB VRDO   0.170%   6/5/20     6,900   6,900  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   11/1/20 (ETM)   2,360   2,403  
1 San Francisco CA City & County Public Utilities Commission Water Revenue TOB VRDO   0.140%   6/5/20     5,555   5,555  
1 San Joaquin Delta CA Community College District GO TOB VRDO   0.180%   6/5/20     4,835   4,835  
  San Jose CA Multifamily Housing Revenue (Cinnabar Commons) VRDO   0.130%   6/5/20 LOC   14,600   14,600  
1 San Jose CA Unified School District GO TOB VRDO   0.100%   6/5/20     2,120   2,120  
1 San Mateo CA County Community College District GO TOB VRDO   0.170%   6/5/20     2,235   2,235  
1 San Mateo CA Union High School District GO TOB VRDO   0.160%   6/5/20     4,358   4,358  
1 San Mateo County CA Community College District GO TOB VRDO   0.170%   6/5/20     8,810   8,810  
  Santa Ana CA Community Redevelopment Agency Tax Allocation   6.000%   3/1/21 (Prere.)   3,350   3,484  
1 Santa Clara CA TOB VRDO   0.140%   6/5/20     2,985   2,985  
1 Santa Clara County CA GO TOB VRDO   0.160%   6/5/20     8,250   8,250  
  Santa Clara Valley CA A1 CP   0.350%   8/6/20 LOC   5,500   5,500  
  Santa Clara Valley CA Transportation Authority Sales Tax Revenue VRDO   0.060%   6/5/20 LOC   13,955   13,955  
  Santa Clara Valley CA Transportation Authority Sales Tax Revenue VRDO   0.060%   6/5/20     3,100   3,100  
1 Santa Monica CA Community College District GO TOB VRDO   0.100%   6/5/20     1,200   1,200  
1 Santa Monica CA Community College District GO TOB VRDO   0.140%   6/5/20     5,000   5,000  
  Santa Monica-Malibu CA Unified School District GO   4.000%   8/1/20     3,905   3,924  
1 Solano County CA Community College District GO TOB VRDO   0.170%   6/5/20     3,000   3,000  
1 Sonoma County CA Junior College District GO TOB VRDO   0.150%   6/5/20 LOC   5,000   5,000  
2 Southern California Public Power Authority Revenue (Magnolia Power Project)   0.040%   6/1/20 LOC   41,290   41,290  

 

  16 

 

 

California Municipal Money Market Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
1 Southwestern California Community College District GO TOB VRDO   0.080%   6/1/20     6,010   6,010  
1 Southwestern California Community College District GO TOB VRDO   0.170%   6/5/20     3,200   3,200  
1 Sunnyvale CA School District GO TOB VRDO   0.170%   6/5/20     2,000   2,000  
  University of California Regents CP   0.820%   6/4/20     10,000   10,000  
  University of California Regents CP   0.210%   6/18/20     24,000   24,000  
  University of California Regents CP   0.940%   7/2/20     14,300   14,300  
  University of California Regents CP   0.270%   7/6/20     10,900   10,900  
  University of California Regents CP   0.280%   7/6/20     5,700   5,700  
  University of California Regents CP   0.820%   7/7/20     12,000   12,000  
  University of California Regents CP   0.850%   7/9/20     14,000   14,000  
  University of California Regents CP   0.270%   7/15/20     43,000   43,000  
  University of California Regents CP   0.550%   8/4/20     4,000   4,000  
  University of California Regents CP   1.140%   8/18/20     11,200   11,200  
  University of California Regents CP   0.350%   9/9/20     8,500   8,500  
1 University of California Revenue TOB VRDO   0.080%   6/1/20     2,170   2,170  
1 University of California Revenue TOB VRDO   0.140%   6/5/20     4,125   4,125  
1 University of California Revenue TOB VRDO   0.140%   6/5/20     2,585   2,585  
1 University of California Revenue TOB VRDO   0.140%   6/5/20     2,500   2,500  
1 University of California Revenue TOB VRDO   0.140%   6/5/20     5,000   5,000  
1 University of California Revenue TOB VRDO   0.140%   6/5/20     1,500   1,500  
1 University of California Revenue TOB VRDO   0.170%   6/5/20     15,000   15,000  
1 University of California Revenue TOB VRDO   0.170%   6/5/20     20,870   20,870  
  University of California Revenue VRDO   0.030%   6/1/20     20,800   20,800  
1 Ventura County CA Community College District GO TOB VRDO   0.180%   6/5/20     4,000   4,000  
1 West Valley-Mission CA Community College District GO TOB VRDO   0.170%   6/5/20     200   200  
1 Yosemite CA Community College District GO TOB VRDO   0.160%   6/5/20     5,091   5,091  
                    5,487,665  
Total Tax-Exempt Municipal Bonds (Cost $5,487,665)             5,487,665  
Other Assets and Liabilities—Net (-0.8%)                 (45,178 )
Net Assets (100%)                 5,442,487  

Cost is in $000.

 

• See Note A in Notes to Financial Statements.

 

1 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2020, the aggregate value of these securities was $1,552,780,000, representing 28.5% of net assets.
2 Adjustable-rate security; rate shown is effective rate at period end. Certain adjustable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions.

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  17 

 

 

California Municipal Money Market Fund

 

 

Key to Abbreviations

 

 

ARS—Auction Rate Security.

BAN—Bond Anticipation Note.

CMT—Constant Maturing Treasury Rate.

COP—Certificate of Participation.

CP—Commercial Paper.

FR—Floating Rate.

GAN—Grant Anticipation Note.

GO—General Obligation Bond.

LIBOR—London Interbank Offered Rate.

PILOT—Payments in Lieu of Taxes.

PUT—Put Option Obligation.

RAN—Revenue Anticipation Note.

SIFMA—Securities Industry and Financial Markets Association.

SOFR—Secured Overnight Financing Rate.

TAN—Tax Anticipation Note.

TOB—Tender Option Bond.

TRAN—Tax Revenue Anticipation Note.

VRDO—Variable Rate Demand Obligation.

VRDP—Variable Rate Demand Preferred.

(ETM)—Escrowed to Maturity.

(Prere.)—Prerefunded.

 

Scheduled principal and interest payments are guaranteed by:

(1) MBIA (Municipal Bond Investors Assurance).

(2) AMBAC (Ambac Assurance Corporation).

(3) FGIC (Financial Guaranty Insurance Company).

(4) AGM (Assured Guaranty Municipal Corporation).

(5) BIGI (Bond Investors Guaranty Insurance).

(6) Connie Lee Inc.

(7) FHA (Federal Housing Authority).

(8) CapMAC (Capital Markets Assurance Corporation).

(9) American Capital Access Financial Guaranty Corporation.

(10) XL Capital Assurance Inc.

(11) CIFG (CDC IXIS Financial Guaranty).

(12) AGC (Assured Guaranty Corporation).

(13) BHAC (Berkshire Hathaway Assurance Corporation).

(14) NPFG (National Public Finance Guarantee Corporation).

(15) BAM (Build America Mutual Assurance Company).

(16) MAC (Municipal Assurance Corporation).

(17) RAA (Radian Asset Assurance Inc.).

(18) SBLF (Michigan School Bond Loan Fund).

(19) TPSF (Texas Permanent School Fund).

(20) NATL (National Public Financial Guarantee Corporation).

The insurance does not guarantee the market value of the municipal bonds.

 

LOC—Scheduled principal and interest payments are guaranteed by bank letter of credit.

 

  18 

 

 

 

California Municipal Money Market Fund

 

 

Statement of Assets and Liabilities 

As of May 31, 2020

 

($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $5,487,665) 5,487,665
Investment in Vanguard 258
Cash 18,023
Receivables for Investment Securities Sold 2,390
Receivables for Accrued Income 25,262
Receivables for Capital Shares Issued 7,937
Other Assets 3,392
Total Assets 5,544,927
Liabilities  
Payables for Investment Securities Purchased 93,650
Payables for Capital Shares Redeemed 8,238
Payables for Distributions 126
Payables to Vanguard 426
Total Liabilities 102,440
Net Assets 5,442,487

 

 

At May 31, 2020, net assets consisted of:  
   
Paid-in Capital 5,442,346
Total Distributable Earnings (Loss) 141
Net Assets 5,442,487
   
Net Assets  
Applicable to 5,441,600,476 outstanding $.001 par value shares of beneficial interest (unlimited authorization) 5,442,487
Net Asset Value Per Share $1.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  19 

 

 

California Municipal Money Market Fund

 

 

Statement of Operations

 

 

  Six Months Ended
  May 31, 2020
  ($000)
Investment Income  
Income  
Interest 29,143
Total Income 29,143
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 627
Management and Administrative 3,386
Marketing and Distribution 430
Custodian Fees 14
Shareholders’ Reports 11
Trustees’ Fees and Expenses 2
Total Expenses 4,470
Expenses Paid Indirectly (13)
Net Expenses 4,457
Net Investment Income 24,686
Realized Net Gain (Loss) on Investment Securities Sold 129
Net Increase (Decrease) in Net Assets Resulting from Operations 24,815

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

  

  20 

 

 

California Municipal Money Market Fund

 

 

Statement of Changes in Net Assets

 

 

  Six Months Ended Year Ended
  May 31, November 30,
  2020   2019
  ($000) ($000)
Increase (Decrease) in Net Assets    
Operations    
Net Investment Income 24,686 70,947
Realized Net Gain (Loss) 129 130
Net Increase (Decrease) in Net Assets Resulting from Operations 24,815 71,077
Distributions1    
Total Distributions (24,695) (70,936)
Capital Share Transactions (at $1.00 per share)    
Issued 2,070,418 3,313,550
Issued in Lieu of Cash Distributions 21,944 64,102
Redeemed (2,299,731) (3,077,072)
Net Increase (Decrease) from Capital Share Transactions (207,369) 300,580
Total Increase (Decrease) (207,249) 300,721
Net Assets    
Beginning of Period 5,649,736 5,349,015
End of Period 5,442,487 5,649,736

1 Certain prior period numbers have been reclassified to conform with current period presentation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  21 

 

 

California Municipal Money Market Fund

 

 

Financial Highlights

 

 

Six Months            
  Ended     Year Ended November 30,  
For a Share Outstanding May 31,      
Throughout Each Period 2020 2019 2018 2017 2016 2015  
Net Asset Value, Beginning of Period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00  
Investment Operations            
Net Investment Income .0041 .0131 .0121 .0061 .002 .0001
Net Realized and Unrealized Gain (Loss) on Investments — — — — — —
Total from Investment Operations .004 .013 .012 .006 .002 .0001
Distributions            
Dividends from Net Investment Income (.004) (.013) (.012) (.006) (.002) (.0001)
Distributions from Realized Capital Gains — — — — — —
Total Distributions (.004) (.013) (.012) (.006) (.002) (.0001)
Net Asset Value, End of Period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
             
Total Return2 0.45% 1.29% 1.18% 0.64% 0.25% 0.01%
             
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $5,442 $5,650 $5,349 $4,043 $3,505 $3,391
Ratio of Total Expenses to Average Net Assets 0.16% 0.16% 0.16% 0.16% 0.13%3 0.06%3
Ratio of Net Investment Income to Average Net Assets 0.89% 1.28% 1.18% 0.64% 0.25% 0.01%

 

The expense ratio and net investment income ratio for the current period have been annualized.

 

1Calculated based on average shares outstanding.

 

2Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.

 

3The ratio of total expenses to average net assets before an expense reduction was 0.16% for 2016 and 0.16% for 2015. Vanguard and the board of trustees have agreed to temporarily limit certain net operating expenses in excess of the fund’s daily yield in order to maintain a zero or positive yield for the fund. The fund is not obligated to repay this amount to Vanguard.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  22 

 

 

 

California Municipal Money Market Fund

 

 

Notes to Financial Statements

 

 

Vanguard California Municipal Money Market Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of municipal issuers whose ability to meet their obligations may be affected by economic and political developments in the state. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.

 

A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.

 

1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Securities are valued at amortized cost, which approximates market value.

 

2. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (November 30, 2016–2019), and for the period ended May 31, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.

 

3. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.

 

4. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.

 

In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans

 

  23 

 

 

California Municipal Money Market Fund

 

 

may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.

 

For the six months ended May 31, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.

 

5. Other: Interest income is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.

 

B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.

 

Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At May 31, 2020, the fund had contributed to Vanguard capital in the amount of $258,000, representing less than 0.01% of the fund’s net assets and 0.10% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.

 

C.  The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended May 31, 2020, custodian fee offset arrangements reduced the fund’s expenses by $13,000 (an annual rate of less than 0.01% of average net assets).

 

D.  Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

 

Level 1—Quoted prices in active markets for identical securities.

Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.

 

At May 31, 2020, 100% of the market value of the fund’s investments was determined using amortized cost, in accordance with rules under the Investment Company Act of 1940. Amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, securities valued at amortized cost are considered to be valued using Level 2 inputs.

 

  24 

 

 

California Municipal Money Market Fund

 

 

E.   As of May 31, 2020, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows:

 

   Amount 
   ($000)
Tax Cost   5,487,665 
Gross Unrealized Appreciation   2 
Gross Unrealized Depreciation   (2)
Net Unrealized Appreciation (Depreciation)   — 

 

F.   The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the six months ended May 31, 2020, such purchases and sales were $899,331,000 and $368,386,000, respectively.

 

G.  Management has determined that no events or transactions occurred subsequent to May 31, 2020, that would require recognition or disclosure in these financial statements.

 

  25 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Distribution by Stated Maturity

As of May 31, 2020

 

Under 1 Year 5.5%
1 - 3 Years 9.2 
3 - 5 Years 10.9 
5 - 10 Years 26.3 
10 - 20 Years 46.6 
20 - 30 Years 1.5 
Over 30 Years 0.0 

The table reflects the fund’s investments, except for short-term investments.

 

  26 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Financial Statements (unaudited)

 

 

Schedule of Investments

As of May 31, 2020

 

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
Tax-Exempt Municipal Bonds (99.4%)                    
California (98.9%)                  
ABAG Finance Authority for Nonprofit Corps. California Revenue (Episcopal Senior Communities) 5.000% 7/1/23 1,020 1,061
ABAG Finance Authority for Nonprofit Corps. California Revenue (Episcopal Senior Communities) 5.000% 7/1/24 1,195 1,242
ABAG Finance Authority for Nonprofit Corps. California Revenue (Episcopal Senior Communities) 6.000% 7/1/31 2,750 2,810
ABAG Finance Authority for Nonprofit Corps. California Revenue (Episcopal Senior Communities) 5.000% 7/1/32 3,120 3,221
ABAG Finance Authority for Nonprofit Corps. California Revenue (Jackson Laboratory) 5.000% 7/1/20 850 853
ABAG Finance Authority for Nonprofit Corps. California Revenue (Jackson Laboratory) 5.000% 7/1/22 555 603
ABAG Finance Authority for Nonprofit Corps. California Revenue (Jackson Laboratory) 5.000% 7/1/23 1,000 1,085
ABAG Finance Authority for Nonprofit Corps. California Revenue (Jackson Laboratory) 5.000% 7/1/24 1,265 1,370
ABAG Finance Authority for Nonprofit Corps. California Revenue (Odd Fellows Home) 5.000% 4/1/32 7,250 8,016
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/21 1,000 1,056
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.250% 8/1/23 1,000 1,053
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/24 960 1,028
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/25 950 1,016
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/26 2,490 2,656
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/27 100 107
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/28 900 961
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 6.000% 8/1/30 18,140 19,223
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/31 1,000 1,118

 

  27 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/32 1,000 1,112
ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare) 5.000% 8/1/34 1,780 1,969
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/21 275 292
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/22 350 383
ABAG Finance Authority for Nonprofit Corps.California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/23 370 419
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/24 395 462
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/25 505 590
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/26 675 788
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/28 1,150 1,340
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/29 985 1,147
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/30 1,405 1,635
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/31 495 574
ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program) 5.000% 9/2/32 520 601
Alameda CA Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000% 9/1/27 (15) 750 875
Alameda CA Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000% 9/1/28 (15) 1,000 1,164
Alameda CA Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000% 9/1/30 (15) 1,680 1,943
Alameda CA Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000% 9/1/31 (15) 1,640 1,890
Alameda CA Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000% 9/1/32 (15) 3,000 3,443

 

  28 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
Alameda CA Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000% 9/1/33 (15) 2,375 2,718
Alameda CA Corridor Transportation Authority Revenue 0.000% 10/1/20 (2) (ETM) 13,780 13,765
Alameda CA Corridor Transportation Authority Revenue 0.000% 10/1/20 (2) 285 284
Alameda CA Corridor Transportation Authority Revenue 4.000% 10/1/21 1,495 1,541
Alameda CA Corridor Transportation Authority Revenue 4.000% 3/1/22 5,600 5,973
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/22 6,350 6,661
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/22 2,220 2,398
Alameda CA Corridor Transportation Authority Revenue 4.000% 10/1/23 3,265 3,381
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/23 2,610 2,886
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/24 2,755 2,988
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/24 125 138
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/25 3,140 3,454
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/25 3,600 3,958
Alameda CA Corridor Transportation Authority Revenue 0.000% 10/1/29 (2) 30,290 21,793
Alameda CA Corridor Transportation Authority Revenue 0.000% 10/1/30 (2) 9,110 6,276
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/34 16,100 17,479
Alameda CA Corridor Transportation Authority Revenue 4.000% 10/1/35 (4) 275 291
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/35 20,450 22,142
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/35 (4) 2,035 2,329
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/36 13,520 14,606
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/36 (4) 1,135 1,294
Alameda CA Corridor Transportation Authority Revenue 5.000% 10/1/37 880 948
Alameda County CA Joint Powers Authority Lease Revenue 5.000% 12/1/32 7,000 8,010
Alameda County CA Joint Powers Authority Lease Revenue 5.000% 12/1/33 8,415 9,609
Alameda County CA Joint Powers Authority Lease Revenue 5.000% 12/1/34 4,640 5,291
Alameda County CA Unified School District GO 4.000% 8/1/28 500 606

 

  29 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
Alameda County CA Unified School District GO 4.000% 8/1/29 350 421
Alameda County CA Unified School District GO 4.000% 8/1/30 500 598
Alameda County CA Unified School District GO 4.000% 8/1/31 415 493
Alameda County CA Unified School District GO 4.000% 8/1/32 460 543
Alameda County CA Unified School District GO 4.000% 8/1/33 500 586
Alameda County CA Unified School District GO 4.000% 8/1/34 500 583
Alameda County CA Unified School District GO 5.000% 8/1/34 2,890 3,473
Alameda County CA Unified School District GO 3.000% 8/1/35 1,000 1,071
Alameda County CA Unified School District GO 3.000% 8/1/36 1,065 1,129
Alameda County CA Unified School District GO 3.000% 8/1/38 1,000 1,047
Alameda County CA Unified School District GO 3.000% 8/1/39 2,160 2,257
Alum Rock CA Union Elementary School District GO 5.000% 8/1/22 (15) 500 548
Alum Rock CA Union Elementary School District GO 5.000% 8/1/23 (15) 800 911
Alum Rock CA Union Elementary School District GO 5.000% 8/1/24 (15) 1,000 1,179
Alum Rock CA Union Elementary School District GO 5.000% 8/1/25 (15) 1,275 1,550
Alum Rock CA Union Elementary School District GO 5.000% 8/1/26 (15) 1,180 1,427
Alum Rock CA Union Elementary School District GO 5.000% 8/1/32 (15) 2,745 3,244
Alvord CA Unified School District GO 5.900% 2/1/21 (14) 2,230 2,311
Alvord CA Unified School District GO 5.000% 8/1/23 (4) 530 604
Alvord CA Unified School District GO 5.900% 2/1/24 (4) 3,865 4,415
Alvord CA Unified School District GO 5.000% 8/1/24 (4) 650 766
Alvord CA Unified School District GO 5.000% 8/1/27 (4) 1,300 1,666
Alvord CA Unified School District GO 5.000% 8/1/28 (4) 1,375 1,807
Alvord CA Unified School District GO 5.000% 8/1/29 (4) 1,525 1,993
Alvord CA Unified School District GO 5.000% 8/1/30 (4) 1,950 2,533
Alvord CA Unified School District GO 5.000% 8/1/31 (4) 1,750 2,259
Alvord CA Unified School District GO 5.000% 8/1/32 (4) 1,405 1,794
Anaheim CA City School District GO 0.000% 8/1/27 (14) 11,075 10,181
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/30 500 599
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/31 500 597
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/32 1,485 1,763
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/33 815 965

 

  30 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/34 800 945
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/35 1,155 1,360
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/36 1,830 2,151
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/36 2,495 2,933
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/37 1,250 1,467
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/37 1,000 1,173
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/38 2,860 3,356
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/39 1,300 1,524
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/39 645 756
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/40 1,000 1,171
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/40 2,385 2,793
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/45 1,910 2,226
Anaheim CA Housing & Public Improvements Authority Revenue 5.000% 10/1/45 4,675 5,449
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/21 1,000 1,063
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/21 3,815 4,057
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/21 (Prere.) 830 881
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/21 (Prere.) 1,125 1,194
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/22 2,370 2,617
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/23 3,250 3,656
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/24 1,175 1,392
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/24 4,100 4,598
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/25 5,280 5,911

 

  31 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/26 3,175 3,975
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/26 5,290 5,918
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/27 2,035 2,614
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/28 4,035 4,502
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/31 11,000 12,201
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/32 9,755 10,791
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/33 3,305 3,648
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/34 7,390 8,146
Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System) 5.000% 10/1/35 2,500 2,751
Anaheim CA Housing & Public Improvements Authority Revenue (Water System Project) 5.000% 10/1/21 (Prere.) 300 319
Anaheim CA Housing & Public Improvements Authority Revenue (Water System Project) 5.000% 10/1/21 (Prere.) 300 319
Anaheim CA Housing & Public Improvements Authority Revenue (Water System Project) 5.000% 10/1/21 (Prere.) 765 815
Anaheim CA Housing & Public Improvements Authority Revenue (Water System Project) 5.000% 10/1/21 (Prere.) 505 538
Anaheim CA Housing & Public Improvements Authority Revenue (Water System Project) 5.000% 10/1/21 (Prere.) 500 532
Anaheim CA Housing & Public Improvements Authority Revenue (Water System Project) 5.000% 10/1/45 175 207
Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/22 500 537
Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/23 655 724
Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/24 375 424
Anaheim CA Public Financing Authority Lease Revenue 5.000% 5/1/27 1,350 1,504
Anaheim CA Public Financing Authority Lease Revenue 0.000% 9/1/30 (4) 1,070 902
Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/30 (15) 3,000 3,663
Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/31 (15) 2,265 2,746

 

  32 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )

 Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/32 (15) 2,070 2,490
Anaheim CA Public Financing Authority Lease Revenue 5.000% 5/1/33 2,950 3,210
Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/34 (15) 2,000 2,308
Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/35 (15) 6,500 7,473
Anaheim CA Public Financing Authority Lease Revenue 5.000% 9/1/36 (15) 15,500 17,757
Anaheim CA Public Financing Authority Lease Revenue 5.000% 5/1/39 4,870 5,229
Anaheim CA Public Financing Authority Revenue (Electric System) 5.250% 4/1/21 (Prere.) 5,585 5,822
Anaheim CA Public Financing Authority Revenue (Electric System) 4.000% 10/1/31 12,000 12,738
1 Anaheim CA Public Financing Authority TOB VRDO 0.200% 6/5/20 3,000 3,000
Anaheim CA Redevelopment Agency Successor Agency Tax Allocation 5.000% 2/1/29 1,300 1,617
Antelope Valley CA Community College District GO 4.000% 8/1/35 350 426
Antelope Valley CA Community College District GO 4.000% 8/1/37 350 423
Antelope Valley CA Community College District GO 4.000% 8/1/38 1,400 1,685
Antelope Valley CA Community College District GO 4.000% 8/1/39 1,460 1,751
Antelope Valley CA Community College District GO 4.000% 8/1/40 1,020 1,221
1 Antioch CA Unified School District TOB VRDO 0.240% 6/5/20 LOC 10,230 10,230
Arcadia CA Unified School District GO 4.000% 8/1/28 2,125 2,555
Arcadia CA Unified School District GO 4.000% 8/1/29 2,675 3,204
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 500 552
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 500 552
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 515 569
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 600 663
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 950 1,049
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 1,055 1,165
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 1,165 1,286
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 1,000 1,104
Azusa CA Unified School District GO 5.000% 8/1/22 (Prere.) 650 718
Azusa CA Unified School District GO 4.000% 8/1/31 (4) 4,045 4,717
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 4.000% 4/1/22 (Prere.) 4,000 4,276
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 5.000% 4/1/22 (Prere.) 6,300 6,850
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 5.000% 4/1/22 (Prere.) 5,030 5,469
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 5.000% 4/1/22 (Prere.) 7,100 7,720
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 5.000% 4/1/23 (Prere.) 5,000 5,674

 

  33 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )

 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 5.000% 4/1/23 (Prere.) 7,850 8,908
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 5.000% 4/1/23 (Prere.) 7,645 8,676
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 4.000% 4/1/30 13,510 15,767
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 4.000% 4/1/31 2,330 2,705
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 4.000% 4/1/35 22,770 25,873
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 3.250% 4/1/36 2,000 2,155
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 4.000% 4/1/37 33,800 38,036
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) 4.000% 4/1/38 11,690 13,081
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT 2.000% 4/1/21 30,755 30,863
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT 2.250% 4/1/22 10,250 10,439
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT 2.000% 4/1/24 33,140 33,905
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT 2.125% 4/1/25 50,185 51,753
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT 2.850% 4/1/25 19,350 20,542
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT 2.625% 4/1/26 20,250 21,430
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT 2.950% 4/1/26 2,325 2,499
Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT 4.000% 4/1/32 895 1,032
2 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT, 70% of 3M USD LIBOR + 0.550% 1.550% 4/1/21 25,000 24,849
2 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT, SIFMA Municipal Swap Index Yield + 0.700% 0.840% 4/1/21 20,500 20,449
2 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT, SIFMA Municipal Swap Index Yield + 0.900% 1.040% 5/1/23 19,000 18,896
2 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT, SIFMA Municipal Swap Index Yield + 0.900% 1.040% 5/1/23 4,350 4,326
2 Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT, SIFMA Municipal Swap Index Yield + 1.100% 1.240% 4/1/24 6,100 6,076
Beaumont CA Public Improvement Wastewater Revenue 5.000% 9/1/24 (4) 300 359

 

  34 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value*  
      Coupon   Date     ($000 )  ($000 ) 
  Beaumont CA Public Improvement Wastewater Revenue     5.000%     9/1/26 (4)     685     866  
  Beaumont CA Public Improvement Wastewater Revenue     5.000%     9/1/28 (4)     1,000     1,255  
  Beaumont CA Public Improvement Wastewater Revenue     5.000%     9/1/29 (4)     800     1,000  
  Beaumont CA Public Improvement Wastewater Revenue    3.000%    9/1/31 (4)    1,100    1,226  
  Beaumont CA Public Improvement Wastewater Revenue    5.000%    9/1/32 (4)    1,460    1,816  
  Beaumont CA Public Improvement Wastewater Revenue   3.250%   9/1/34 (4) 1,000 1,103
Beaumont CA Public Improvement Wastewater Revenue 5.000%   9/1/35 (4) 835 1,034
Beaumont CA Public Improvement Wastewater Revenue 3.375%   9/1/36 (4) 1,600 1,757
Beaumont CA Public Improvement Wastewater Revenue 5.000%   9/1/37 (4) 1,350 1,664
Beaumont CA Public Improvement Wastewater Revenue 5.000%   9/1/38 (4) 1,350 1,660
3 Berkeley CA GO (Neighborhood Branch Library Improvement Project) 3.000%   9/1/34 415 455
3 Berkeley CA GO (Neighborhood Branch Library Improvement Project) 3.000%   9/1/36 610 661
Beverly Hills CA Unified School District GO 0.000%   8/1/30 500 432
Beverly Hills CA Unified School District GO 0.000%   8/1/32 5,000 4,066
Beverly Hills CA Unified School District GO 3.000%   8/1/38 2,500 2,669
Beverly Hills CA Unified School District GO 3.000%   8/1/40 2,500 2,658
Brea CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project AB) 5.000%   8/1/21 5,500 5,783
Brea CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project AB) 5.000%   8/1/24 5,110 5,791
Brea CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project AB) 0.000%   8/1/29 (2) 3,065 2,664
Brentwood CA Infrastructure Financing Authority Revenue 5.000%   9/2/24 (4) 1,000 1,164
Brentwood CA Infrastructure Financing Authority Revenue 5.000%   9/2/25 (4) 1,445 1,681
Brentwood CA Infrastructure Financing Authority Revenue 5.000%   9/2/26 (4) 2,000 2,326
Brentwood CA Infrastructure Financing Authority Revenue 5.000%   9/2/27 (4) 2,375 2,760
Brentwood CA Infrastructure Financing Authority Revenue 5.000%   9/2/29 (4) 1,240 1,438
Brentwood CA Infrastructure Financing Authority Revenue 5.000%   9/2/30 (4) 750 869
Brentwood CA Infrastructure Financing Authority Water Revenue 5.000%   7/1/23 400 452
Brentwood CA Infrastructure Financing Authority Water Revenue 5.000%   7/1/24 510 596

 

  35 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value*  
      Coupon   Date     ($000 ) ($000 )
  Brentwood CA Infrastructure Financing Authority Water Revenue   5.000%   7/1/25     510   595  
  Brentwood CA Infrastructure Financing Authority Water Revenue   4.000%   7/1/30     1,700   1,877  
  Brentwood CA Infrastructure Financing Authority Water Revenue   4.000%   7/1/31     1,980   2,182  
  Brentwood CA Infrastructure Financing Authority Water Revenue   4.000%   7/1/32     2,085   2,293  
  Brentwood CA Infrastructure Financing Authority Water Revenue   4.000%   7/1/33     2,165   2,375  
  Brentwood CA Infrastructure Financing Authority Water Revenue   4.000%   7/1/34     2,210   2,422  
  Burbank CA Redevelopment Agency Tax Allocation Revenue   5.000%   12/1/21 (15)   1,350   1,437  
  Burbank CA Unified School District GO   0.000%   8/1/20 (14)   3,835   3,833  
4 Burbank CA Unified School District GO, 4.500% coupon rate effective 8/1/2023   0.000%   8/1/32     3,680   3,830  
  Burlingame CA Financing Authority Lease Revenue (Community Center Project)   5.000%   7/1/41     1,290   1,618  
1 CA Statewide Communities Development Authority (John Muir Health) TOB VRDO   0.290%   6/5/20     4,875   4,875  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/21     515   528  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/22     1,455   1,529  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/23     525   547  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/24     535   563  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/25     690   731  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/28     1,635   1,755  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/30     940   997  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/32     875   916  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/33     960   999  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/34     800   830  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.000%   5/1/36     1,600   1,650  

 

  36 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value*
Coupon Date ($000) ($000)
California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC) 5.000% 5/1/38 1,500 1,538
California County CA Tobacco Securitization Agency Revenue 5.000% 6/1/21 1,300 1,327
California County CA Tobacco Securitization Agency Revenue 5.250% 6/1/21 3,125 3,127
California County CA Tobacco Securitization Agency Revenue 5.000% 6/1/22 1,200 1,247
California County CA Tobacco Securitization Agency Revenue 5.000% 6/1/23 2,400 2,532
California County CA Tobacco Securitization Agency Revenue 5.000% 6/1/24 3,840 4,100
California Department of Veterans Affairs Home Purchase Revenue 3.500% 12/1/45 3,260 3,446
California Department of Water Resources Power Supply Revenue 5.000% 5/1/22 19,135 20,893
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000% 12/1/20 (ETM) 30 31
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000% 12/1/20 1,220 1,250
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 1,850 1,897
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 25 26
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 30 31
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 30 31
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 970 995
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 1,120 1,149
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 1,155 1,184
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 2,905 2,979
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 3,355 3,441
California Department of Water Resources Water System Revenue (Central Valley Project) 5.250% 12/1/20 (Prere.) 3,455 3,543

 

  37 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value*  
      Coupon   Date     ($000 ) ($000 )
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/21 (ETM)   1,045   1,120  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/21     4,600   4,936  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/21     2,475   2,656  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/21 (Prere.)   3,320   3,554  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/21 (Prere.)   3,500   3,747  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/21 (Prere.)   2,720   2,918  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/21 (Prere.)   3,410   3,658  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/21     3,665   3,932  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/22 (ETM)   1,105   1,235  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/22 (Prere.)   505   564  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/22     4,895   5,483  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/22     3,250   3,641  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/23 (ETM)   55   64  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/23     1,450   1,691  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/24 (ETM)   30   36  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/24 (Prere.)   5   6  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/24 (Prere.)   10   12  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/24     2,415   2,923  

 

  38 

 

 

California Intermediate-Term Tax-Exempt Fund

 

  Face Market
  Maturity Amount Value*
Coupon   Date ($000) ($000)
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/25 3,060 3,822
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/26 2,045 2,470
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/26 3,010 3,866
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/27 4,075 4,917
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/27 2,985 3,939
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/28 30 32
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/29 7,750 8,653
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/29 30 32
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/34 560 710
California Department of Water Resources Water System Revenue (Central Valley Project) 5.000%   12/1/35 1,130 1,426
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/20 225 228
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/21 195 203
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/22 935 987
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/23 200 214
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/24 650 707
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/25 460 505
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/26 1,460 1,612
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/27 940 1,043
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/28 715 798
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/29 690 767
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/30 930 1,027
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000%   12/1/31 1,330 1,458

 

  39 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value*
Coupon Date ($000) ($000)
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000% 12/1/32 1,420 1,546
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000% 12/1/34 1,210 1,304
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000% 12/1/35 1,335 1,434
California Educational Facilities Authority Revenue (Art Center College of Design) 5.000% 12/1/37 1,765 1,884
California Educational Facilities Authority Revenue (Claremont McKenna College) 4.000% 1/1/21 800 818
California Educational Facilities Authority Revenue (Claremont McKenna College) 4.000% 1/1/22 1,215 1,287
California Educational Facilities Authority Revenue (Claremont McKenna College) 4.000% 1/1/23 1,800 1,963
California Educational Facilities Authority Revenue (Claremont McKenna College) 4.000% 1/1/24 1,900 2,133
California Educational Facilities Authority Revenue (Claremont McKenna College) 4.000% 1/1/25 1,035 1,193
California Educational Facilities Authority Revenue (Claremont McKenna College) 5.000% 1/1/26 1,020 1,257
California Educational Facilities Authority Revenue (Claremont McKenna College) 5.000% 1/1/30 1,765 2,153
California Educational Facilities Authority Revenue (Claremont McKenna College) 5.000% 1/1/31 1,925 2,338
California Educational Facilities Authority Revenue (Claremont McKenna College) 5.000% 1/1/32 2,000 2,418
California Educational Facilities Authority Revenue (Claremont McKenna College) 4.000% 1/1/33 3,590 4,095
California Educational Facilities Authority Revenue (Claremont McKenna College) 4.000% 1/1/34 3,350 3,798
California Educational Facilities Authority Revenue (College of Arts) 5.000% 6/1/20 (ETM) 790 790
California Educational Facilities Authority Revenue (College of Arts) 5.000% 6/1/22 (Prere.) 1,195 1,305
California Educational Facilities Authority Revenue (College of Arts) 5.000% 6/1/22 (Prere.) 380 415
California Educational Facilities Authority Revenue (College of Arts) 5.250% 6/1/22 (Prere.) 1,150 1,262
California Educational Facilities Authority Revenue (Loma Linda University) 5.000% 4/1/33 575 642
California Educational Facilities Authority Revenue (Loma Linda University) 5.000% 4/1/34 625 696
California Educational Facilities Authority Revenue (Loyola Marymount University) 0.000% 10/1/36 (14) 4,585 3,120
California Educational Facilities Authority Revenue (Mount St. Mary’s University) 5.000% 10/1/24 180 208
California Educational Facilities Authority Revenue (Mount St. Mary’s University) 5.000% 10/1/25 110 130
California Educational Facilities Authority Revenue (Mount St. Mary’s University) 5.000% 10/1/26 110 133
California Educational Facilities Authority Revenue (Mount St. Mary’s University) 5.000% 10/1/28 300 373
California Educational Facilities Authority Revenue (Mount St. Mary’s University) 5.000% 10/1/31 850 1,026

 

  40 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value*
Coupon Date ($000) ($000)
California Educational Facilities Authority Revenue (Mount St. Mary’s University) 5.000% 10/1/32 445 533
California Educational Facilities Authority Revenue (Mount St. Mary’s University) 5.000% 10/1/37 885 1,040
California Educational Facilities Authority Revenue (Mount St. Mary’s University) 5.000% 10/1/38 620 726
California Educational Facilities Authority Revenue (Occidental College) 5.000% 10/1/21 145 154
California Educational Facilities Authority Revenue (Occidental College) 5.000% 10/1/22 125 138
California Educational Facilities Authority Revenue (Occidental College) 5.000% 10/1/23 130 149
California Educational Facilities Authority Revenue (Occidental College) 5.000% 10/1/24 340 404
California Educational Facilities Authority Revenue (Occidental College) 5.000% 10/1/26 260 318
California Educational Facilities Authority Revenue (Occidental College) 5.000% 10/1/27 250 305
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/30 485 610
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/31 1,030 1,232
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/31 555 694
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/32 1,000 1,194
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/33 1,545 1,842
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/33 775 959
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/34 2,625 3,126
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/34 905 1,116
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/35 3,180 3,779
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/35 430 528
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/36 1,120 1,371
California Educational Facilities Authority Revenue (Santa Clara University) 5.000% 4/1/37 530 647
California Educational Facilities Authority Revenue (University of Southern California) 5.000% 10/1/25 (ETM) 5,125 6,392
California Educational Facilities Authority Revenue (University of the Pacific) 5.000% 11/1/20 1,770 1,798
California Educational Facilities Authority Revenue (University of the Pacific) 5.000% 11/1/21 2,100 2,212
California Educational Facilities Authority Revenue (University of the Pacific) 5.000% 11/1/22 2,130 2,314
California Educational Facilities Authority Revenue (University of the Pacific) 5.000% 11/1/23 1,870 2,092
California Educational Facilities Authority Revenue (University of the Pacific) 5.000% 11/1/24 2,500 2,872
                       

  41 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value*
Coupon Date ($000) ($000)
California Educational Facilities Authority Revenue (University of the Pacific) 5.000% 11/1/25 2,365 2,778
California GO 5.000% 2/1/21 2,010 2,073
California GO 5.000% 9/1/21 1,310 1,387
California GO 5.000% 9/1/21 4,300 4,552
California GO 5.000% 10/1/21 2,575 2,736
California GO 5.000% 11/1/21 2,930 3,125
California GO 5.000% 2/1/22 1,220 1,315
California GO 5.000% 2/1/22 8,320 8,970
California GO 5.000% 4/1/22 38,925 42,262
California GO 5.000% 9/1/22 12,920 14,273
California GO 5.250% 9/1/22 6,005 6,668
California GO 5.000% 11/1/22 31,890 35,469
California GO 5.000% 2/1/23 5,240 5,886
California GO 5.000% 2/1/23 15,925 17,157
California GO 5.000% 8/1/23 11,160 12,781
California GO 5.000% 8/1/23 3,350 3,837
California GO 5.000% 9/1/23 7,110 7,846
California GO 5.000% 9/1/23 10,175 11,689
California GO 5.250% 9/1/23 2,550 2,705
California GO 5.000% 10/1/23 12,595 14,515
California GO 5.000% 10/1/23 3,325 3,832
California GO 5.000% 10/1/23 1,305 1,504
California GO 5.000% 10/1/23 16,135 18,594
California GO 5.000% 10/1/23 6,770 7,802
California GO 5.000% 11/1/23 20,000 23,120
California GO 5.000% 11/1/23 2,280 2,636
California GO 5.000% 12/1/23 2,550 2,957
California GO 5.000% 2/1/24 11,215 12,579
California GO 5.000% 4/1/24 2,500 2,934
California GO 5.000% 4/1/24 21,415 25,133
California GO 5.000% 8/1/24 1,025 1,217
California GO 5.000% 8/1/24 1,510 1,793
California GO 5.000% 9/1/24 1,150 1,369
California GO 5.000% 9/1/24 10,000 11,021
California GO 5.000% 9/1/24 5,000 5,953
California GO 4.000% 10/1/24 8,000 9,209
California GO 5.000% 10/1/24 8,725 10,418
California GO 5.000% 10/1/24 6,645 7,934
California GO 5.000% 10/1/24 10,000 11,940
California GO 5.000% 11/1/24 2,255 2,700
California GO 5.000% 12/1/24 5,000 5,784
California GO 5.000% 12/1/24 30,875 35,719
California GO 5.000% 2/1/25 12,900 13,874
California GO 5.500% 2/1/25 8,575 10,549
California GO 4.000% 3/1/25 1,485 1,728
California GO 5.000% 3/1/25 1,735 2,100
California GO 5.000% 4/1/25 38,625 46,878
California GO 5.000% 8/1/25 150 184
California GO 5.000% 8/1/25 1,665 2,041
California GO 5.000% 8/1/25 10,185 12,488
California GO 5.000% 8/1/25 12,430 15,240
California GO 5.000% 9/1/25 2,190 2,504
California GO 5.000% 9/1/25 4,895 6,016

 

  42 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value*
Coupon Date ($000) ($000)
California GO 5.000% 9/1/25 2,185 2,405
California GO 4.000% 10/1/25 100 118
California GO 5.000% 10/1/25 2,045 2,519
California GO 5.000% 10/1/25 7,000 8,624
California GO 5.000% 10/1/25 345 411
California GO 5.000% 10/1/25 13,865 15,594
California GO 5.000% 11/1/25 1,520 1,549
California GO 5.000% 11/1/25 14,205 16,980
California GO 5.000% 11/1/25 12,345 15,245
California GO 5.000% 3/1/26 9,230 11,148
California GO 5.000% 4/1/26 2,120 2,651
California GO 5.000% 4/1/26 5,000 6,253
California GO 5.000% 8/1/26 20,695 26,122
California GO 5.000% 8/1/26 21,110 26,646
California GO 5.000% 8/1/26 20,000 25,245
California GO 5.000% 8/1/26 15,300 19,312
California GO 5.000% 9/1/26 5,540 7,009
California GO 5.000% 9/1/26 720 911
California GO 5.000% 9/1/26 100 127
California GO 5.000% 10/1/26 1,270 1,611
California GO 5.000% 10/1/26 16,445 20,856
California GO 5.000% 10/1/26 10,085 12,483
California GO 4.000% 11/1/26 2,540 3,070
California GO 5.000% 11/1/26 9,160 11,644
California GO 5.000% 11/1/26 4,705 5,981
California GO 3.500% 8/1/27 26,345 31,270
California GO 5.000% 8/1/27 20,515 25,773
California GO 5.000% 8/1/27 3,160 3,856
California GO 5.000% 8/1/27 225 291
California GO 5.000% 10/1/27 13,845 17,956
California GO 5.000% 10/1/27 13,915 15,574
California GO 5.000% 10/1/27 8,280 10,285
California GO 5.250% 10/1/27 5,000 5,317
California GO 5.000% 11/1/27 25,000 32,496
California GO 5.000% 11/1/27 100 130
California GO 5.000% 11/1/27 5,175 6,727
California GO 5.000% 8/1/28 6,510 7,922
California GO 5.000% 8/1/28 20,355 26,184
California GO 5.000% 8/1/28 1,905 2,385
California GO 4.000% 9/1/28 7,000 8,341
California GO 5.000% 9/1/28 17,715 22,234
California GO 5.250% 9/1/28 6,000 6,354
California GO 5.000% 10/1/28 1,925 2,550
California GO 5.000% 11/1/28 12,375 16,020
California GO 5.250% 2/1/29 2,790 3,008
California GO 4.000% 3/1/29 4,185 5,237
California GO 5.000% 5/1/29 17,945 20,925
California GO 5.000% 8/1/29 7,195 8,972
California GO 5.000% 8/1/29 44,340 55,292
California GO 5.000% 9/1/29 9,425 11,779
California GO 5.000% 9/1/29 1,395 1,743
California GO 5.000% 9/1/29 6,000 6,345
California GO 5.000% 10/1/29 19,290 21,516
California GO 5.000% 10/1/29 18,695 23,052

 

 

  43 

 

 

California Intermediate-Term Tax-Exempt Fund    

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 ) 
  California GO   5.000%   10/1/29     7,855   10,375  
  California GO   5.000%   11/1/29     5,000   5,694  
  California GO   4.500%   12/1/29     2,525   2,916  
  California GO   5.000%   3/1/30     250   299  
  California GO   5.000%   5/1/30     13,870   16,121  
  California GO   5.000%   8/1/30     19,935   24,739  
  California GO   5.000%   8/1/30     6,555   8,135  
  California GO   5.000%   9/1/30     9,180   11,113  
  California GO   5.000%   9/1/30     1,000   1,057  
  California GO   5.250%   9/1/30     5,000   5,706  
  California GO   5.000%   10/1/30     1,935   2,603  
  California GO   5.000%   10/1/30     5,800   6,830  
  California GO   4.000%   11/1/30     14,470   17,250  
  California GO   5.000%   11/1/30     9,070   11,637  
  California GO   5.000%   12/1/30     3,760   4,289  
  California GO   5.000%   4/1/31     16,445   22,788  
  California GO   5.000%   5/1/31     13,010   15,083  
  California GO   5.000%   8/1/31     10,015   11,881  
  California GO   5.000%   8/1/31     22,300   27,581  
  California GO   5.250%   8/1/31     5,755   7,040  
  California GO   5.000%   9/1/31     5,655   7,008  
  California GO   5.000%   10/1/31     1,100   1,469  
  California GO   5.000%   10/1/31     5,500   6,463  
  California GO   4.000%   11/1/31     15,000   17,829  
  California GO   5.000%   11/1/31     1,705   2,178  
  California GO   5.000%   12/1/31     6,500   7,616  
  California GO   5.000%   12/1/31     6,000   6,825  
  California GO   5.000%   2/1/32     2,540   2,716  
  California GO   5.000%   3/1/32     1,000   1,344  
  California GO   5.000%   4/1/32     15,025   21,073  
  California GO   4.000%   8/1/32     545   631  
  California GO   5.000%   8/1/32     5,000   6,000  
  California GO   5.250%   8/1/32     2,025   2,467  
  California GO   5.250%   8/1/32 (4)   23,495   33,209  
  California GO   5.000%   9/1/32     15,110   18,654  
  California GO   5.000%   10/1/32     23,535   27,570  
  California GO   4.000%   11/1/32     12,175   14,379  
  California GO   5.000%   2/1/33     1,760   1,940  
  California GO   5.000%   2/1/33     1,750   1,871  
  California GO   5.000%   3/1/33     4,395   5,204  
  California GO   5.000%   3/1/33     2,500   3,334  
  California GO   5.000%   4/1/33     13,000   14,967  
  California GO   5.000%   4/1/33     180   235  
  California GO   4.000%   8/1/33     15,090   17,392  
  California GO   5.000%   8/1/33     1,500   1,747  
  California GO   5.000%   8/1/33     1,270   1,559  
  California GO   5.000%   9/1/33     25,075   30,843  
  California GO   5.000%   9/1/33     3,830   4,302  
  California GO   3.000%   10/1/33     2,150   2,364  
  California GO   5.000%   10/1/33     7,000   8,045  
  California GO   4.000%   11/1/33     12,500   14,696  
  California GO   5.000%   12/1/33     3,120   3,631  
  California GO   5.000%   3/1/34     4,405   5,849  
  California GO   5.000%   3/1/34     4,000   5,311  

 

 

  44 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California GO   4.000%   8/1/34     18,035   20,734  
  California GO   5.000%   8/1/34     1,575   1,883  
  California GO   5.000%   8/1/34     5,160   6,465  
  California GO   4.000%   9/1/34     26,130   30,081  
  California GO   4.000%   9/1/34     4,725   5,440  
  California GO   5.000%   9/1/34     21,075   25,855  
  California GO   3.000%   10/1/34     4,150   4,545  
  California GO   5.000%   10/1/34     9,200   10,722  
  California GO   4.000%   11/1/34     10,895   12,767  
  California GO   5.000%   4/1/35     40,260   46,156  
  California GO   5.000%   8/1/35     10,000   11,934  
  California GO   5.000%   8/1/35     9,015   10,999  
  California GO   4.000%   9/1/35     3,390   3,889  
  California GO   5.000%   9/1/35     9,885   12,085  
  California GO   3.000%   10/1/35     9,185   10,007  
  California GO   5.000%   10/1/35     17,500   21,150  
  California GO   5.000%   11/1/35     3,810   4,781  
  California GO   5.000%   11/1/35     1,000   1,255  
  California GO   5.000%   4/1/36     16,375   18,727  
  California GO   5.000%   4/1/36     140   180  
  California GO   5.000%   9/1/36     10,705   13,047  
  California GO   3.000%   10/1/36     9,000   9,761  
  California GO   4.000%   11/1/36     1,900   2,209  
  California GO   5.000%   11/1/36     4,180   5,227  
  California GO   4.000%   3/1/37     10,000   12,076  
  California GO   5.000%   4/1/37     21,895   25,004  
  California GO   4.000%   9/1/37     350   369  
  California GO   3.000%   10/1/37     8,250   8,914  
  California GO   4.000%   10/1/37     11,565   13,854  
  California GO   5.000%   11/1/37     7,000   8,942  
  California GO   5.000%   11/1/37     10,050   12,532  
  California GO   3.700%   12/1/37     3,370   3,823  
  California GO   4.000%   3/1/38     12,500   15,016  
  California GO   5.000%   4/1/38     10,115   11,531  
  California GO   4.000%   10/1/39     18,125   21,565  
  California GO   5.000%   11/1/39     6,250   7,942  
  California GO   4.000%   3/1/40     5,000   5,963  
  California GO PUT   4.000%   12/1/21     21,905   22,669  
1 California GO TOB VRDO   0.080%   6/1/20     5,300   5,300  
1 California GO TOB VRDO   0.120%   6/5/20     1,875   1,875  
  California GO VRDO   0.060%   6/1/20 LOC   7,750   7,750  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/22     1,200   1,278  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/23     1,810   1,952  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/24     3,325   3,669  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/25     3,025   3,406  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   5.000%   3/1/25     5,700   6,274  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/26     2,190   2,498  

 

  45 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   5.000%   3/1/26     2,000   2,191  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/27     4,105   4,618  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/28     1,240   1,387  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/28     5,000   5,322  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/31     2,130   2,334  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/32     2,390   2,599  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/33     24,640   25,723  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/33     5,540   5,980  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/34     3,000   3,229  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/35     3,200   3,434  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West) PUT   3.000%   3/1/24     11,965   12,437  
  California Health Facilities Financing Authority Revenue (Catholic Healthcare West)   5.000%   3/1/21     3,830   3,921  
  California Health Facilities Financing Authority Revenue (Catholic Healthcare West)   5.250%   3/1/22     8,135   8,341  
  California Health Facilities Financing Authority Revenue (Catholic Healthcare West)   5.250%   3/1/23     1,605   1,646  
  California Health Facilities Financing Authority Revenue (Catholic Healthcare West)   5.625%   7/1/25     19,820   19,881  
  California Health Facilities Financing Authority Revenue (Catholic Healthcare West)   5.250%   3/1/27     7,500   7,682  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   8/15/20     2,130   2,150  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   8/15/21     2,015   2,126  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   11/15/25     135   164  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   11/15/26     6,980   8,394  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   11/15/29     7,250   8,594  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   11/15/30     1,200   1,416  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   11/15/31     1,760   2,068  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   8/15/34     1,000   1,173  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   4.000%   8/15/35     14,100   15,505  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   4.000%   8/15/36     12,500   13,740  

 

  46 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   11/15/22     3,500   3,821  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   11/15/23     1,420   1,548  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   11/15/24     7,410   8,062  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   11/15/27     4,000   4,313  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   11/15/29     8,790   9,424  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   8/15/32     365   427  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   8/15/33     620   717  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   4.000%   8/15/34     820   892  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   8/15/35     3,650   4,178  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   8/15/36     4,100   4,677  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   8/15/37     1,335   1,519  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   5.000%   11/1/28     700   913  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   4.000%   11/1/29     1,000   1,242  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   5.000%   11/1/30     1,000   1,321  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   5.000%   11/1/31     1,000   1,311  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   5.000%   11/1/31     2,000   2,113  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   5.000%   11/1/33     1,310   1,695  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   5.000%   11/1/34     1,200   1,547  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   4.000%   11/1/35     240   287  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   4.000%   11/1/36     150   179  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   4.000%   11/1/37     270   320  

 

  47 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   4.000%   11/1/38     365   432  
  California Health Facilities Financing Authority Revenue (Chinese Hospital Association)   5.000%   6/1/21     450   472  
  California Health Facilities Financing Authority Revenue (Chinese Hospital Association)   5.000%   6/1/22     875   953  
  California Health Facilities Financing Authority Revenue (Chinese Hospital Association)   5.000%   6/1/23     760   833  
  California Health Facilities Financing Authority Revenue (Chinese Hospital Association)   5.000%   6/1/25     310   340  
  California Health Facilities Financing Authority Revenue (Chinese Hospital Association)   5.000%   6/1/26     805   882  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   4.000%   11/15/20     750   763  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/21     1,455   1,557  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/23     1,520   1,669  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/24     1,700   1,863  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/25     2,525   2,759  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/27     500   579  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/27     2,000   2,177  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/28     575   664  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/29     1,750   2,015  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/30     1,500   1,721  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/31     875   998  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/32     12,500   13,455  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/34     700   792  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/35     800   902  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/35     4,020   4,309  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/36     1,255   1,412  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/37     800   899  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/38     1,185   1,329  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/39     750   840  
1 California Health Facilities Financing Authority Revenue (City of Hope Medical Center) TOB VRDO   0.240%   6/5/20     16,000   16,000  

 

  48 

 

 

California Intermediate-Term Tax-Exempt Fund 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/27     1,250   1,547  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/28     3,000   3,495  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/29     1,000   1,162  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/30     2,205   2,552  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/30     1,500   1,822  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/31     5,930   6,824  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/32     2,610   2,991  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/33     3,295   3,761  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/33     3,105   3,700  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/34     3,310   3,769  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/34     2,510   2,981  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/35     4,020   4,548  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/35     3,500   4,144  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/36     3,000   3,539  
  California Health Facilities Financing Authority Revenue (Kaiser Permanente)   4.000%   11/1/38     25,310   28,370  
  California Health Facilities Financing Authority Revenue (Kaiser Permanente) PUT   5.000%   11/1/22     5,000   5,497  
  California Health Facilities Financing Authority Revenue (Kaiser Permanente) PUT   5.000%   11/1/22     40,000   43,979  
  California Health Facilities Financing Authority Revenue (Kaiser Permanente) PUT   5.000%   11/1/29     24,675   31,912  
1 California Health Facilities Financing Authority Revenue (Kaiser Permanente) TOB VRDO   0.080%   6/1/20     11,500   11,500  
1 California Health Facilities Financing Authority Revenue (Kaiser Permanente) TOB VRDO   0.240%   6/5/20 LOC   7,435   7,435  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/21     505   534  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/21     950   1,005  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/22     365   398  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/22     560   610  

 

  49 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 )
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/23     340   383  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/29     1,550   1,774  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/30     1,680   2,002  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/31     1,300   1,539  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/32     1,780   2,092  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/33     1,610   1,884  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   4.000%   8/15/34     1,500   1,611  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   11/15/34     400   478  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   11/15/35     550   655  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   11/15/36     1,050   1,246  
1 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford) TOB VRDO   0.140%   6/5/20     11,395   11,395  
1 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford) TOB VRDO   0.140%   6/5/20     2,060   2,060  
1 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford) TOB VRDO   0.170%   6/5/20     23   22  
1 California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford) TOB VRDO   0.170%   6/5/20     4,000   4,000  
  California Health Facilities Financing Authority Revenue (Marshall Medical Center)   5.000%   11/1/24     850   1,008  
  California Health Facilities Financing Authority Revenue (Marshall Medical Center)   5.000%   11/1/25     425   511  
  California Health Facilities Financing Authority Revenue (Marshall Medical Center)   5.000%   11/1/26     775   933  
  California Health Facilities Financing Authority Revenue (Memorial Health Services)   4.000%   10/1/20     1,845   1,869  
  California Health Facilities Financing Authority Revenue (Memorial Health Services)   4.000%   10/1/21     1,095   1,151  
  California Health Facilities Financing Authority Revenue (Memorial Health Services)   5.000%   10/1/21     1,055   1,123  

 

  50 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
California Health Facilities Financing Authority Revenue (Memorial Health Services) 4.000% 10/1/22 2,250 2,428
California Health Facilities Financing Authority Revenue (Memorial Health Services) 5.000% 10/1/22 2,450 2,700
California Health Facilities Financing Authority Revenue (Memorial Health Services) 5.000% 10/1/24 5,000 5,493
California Health Facilities Financing Authority Revenue (Memorial Health Services) 5.000% 10/1/25 5,000 5,480
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/20 300 301
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/21 465 489
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/22 175 191
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/24 370 432
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/25 500 601
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/26 750 899
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/28 880 1,049
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/29 855 1,015
California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services) 5.000% 7/1/31 870 1,025
California Health Facilities Financing Authority Revenue (Providence Health & Services) 5.000% 10/1/25 2,610 3,071
California Health Facilities Financing Authority Revenue (Providence Health & Services) 5.000% 10/1/26 2,700 3,162
California Health Facilities Financing Authority Revenue (Providence Health & Services) 5.000% 10/1/28 1,840 2,149
California Health Facilities Financing Authority Revenue (Providence Health & Services) 5.000% 10/1/30 4,000 4,640
California Health Facilities Financing Authority Revenue (Providence Health & Services) 5.000% 10/1/31 5,000 5,767
California Health Facilities Financing Authority Revenue (Providence Health & Services) 5.000% 10/1/33 5,045 5,791
California Health Facilities Financing Authority Revenue (Providence Health & Services) 5.000% 10/1/34 5,650 6,460
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) 5.000% 10/1/30 2,015 2,426

 

  51 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) 5.000% 10/1/31 2,200 2,635
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) 4.000% 10/1/34 2,250 2,507
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) 4.000% 10/1/35 8,010 8,894
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) 4.000% 10/1/36 3,425 3,791
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) PUT 1.250% 10/1/20 14,405 14,447
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) PUT 4.000% 10/1/24 500 561
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) PUT 2.000% 10/1/25 16,000 16,647
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) PUT 5.000% 10/1/25 59,250 70,794
California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) PUT 5.000% 10/1/27 25,895 32,006
California Health Facilities Financing Authority Revenue (Rady Children’s Hospital) 5.000% 8/15/20 500 505
California Health Facilities Financing Authority Revenue (Rady Children’s Hospital) 5.500% 8/15/26 6,150 6,484
California Health Facilities Financing Authority Revenue (Rady Children’s Hospital) 5.000% 8/15/31 2,865 3,001
California Health Facilities Financing Authority Revenue (Scripps Health) 5.000% 11/15/25 760 805
California Health Facilities Financing Authority Revenue (Scripps Health) 5.000% 11/15/27 860 907
California Health Facilities Financing Authority Revenue (Scripps Health) 5.000% 11/15/28 1,175 1,238
California Health Facilities Financing Authority Revenue (Scripps Health) 5.000% 11/15/32 1,000 1,045
California Health Facilities Financing Authority Revenue (St. Joseph Health System) 5.000% 7/1/28 100 112
California Health Facilities Financing Authority Revenue (St. Joseph Health System) 5.000% 7/1/29 4,995 5,610
California Health Facilities Financing Authority Revenue (St. Joseph Health System) 5.000% 7/1/33 6,690 7,402
California Health Facilities Financing Authority Revenue (St. Joseph Health System) PUT 5.000% 10/15/20 12,500 12,714
1 California Health Facilities Financing Authority Revenue (Stanford Health Care Obligated Group) TOB VRDO 0.290% 6/5/20 15,500 15,500
California Health Facilities Financing Authority Revenue (Stanford Hospital) 5.250% 11/15/20 (Prere.) 2,000 2,046

 

  52 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
California Health Facilities Financing Authority Revenue (Stanford Hospital) 4.000% 8/15/21 2,250 2,354
California Health Facilities Financing Authority Revenue (Stanford Hospital) 5.000% 8/15/23 1,855 2,032
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 8/15/20 2,200 2,220
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 8/15/21 1,320 1,390
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/21 500 532
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/21 3,930 4,182
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 8/15/22 1,185 1,247
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/22 200 220
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/22 2,075 2,281
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/23 400 454
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/23 2,500 2,838
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/24 420 490
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/24 1,075 1,255
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/24 2,655 3,099
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/25 485 579
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/25 750 896
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/25 3,555 4,245
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/26 400 476
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/26 1,085 1,325
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/26 2,750 3,358
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/27 1,025 1,217
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/27 1,000 1,248
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/28 540 639
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/28 1,250 1,515
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/28 820 1,005
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/29 875 1,055
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/29 165 201

 

  53 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/30 1,180 1,416
California Health Facilities Financing Authority Revenue (Sutter Health) 5.250% 8/15/31 5,555 5,810
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/31 1,225 1,462
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/31 1,335 1,596
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/32 1,425 1,692
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/32 225 267
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/32 2,910 3,447
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/33 3,580 4,234
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/33 1,000 1,159
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/33 100 118
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/34 4,000 4,717
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/34 275 323
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/35 3,195 3,755
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/35 5,000 5,855
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/35 7,000 8,197
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/36 3,090 3,620
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/36 3,625 4,228
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/36 6,725 7,843
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/37 5,100 5,931
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/37 24,295 28,253
California Health Facilities Financing Authority Revenue (Sutter Health) 5.000% 11/15/38 5,000 5,799
California Housing Finance Agency Revenue 4.000% 3/20/33 44,727 45,635
California Housing Finance Agency Revenue 4.250% 1/15/35 6,248 6,462
California Housing Finance Agency Revenue 2.500% 2/1/38 5,233 5,435
California Infrastructure & Economic Development Bank Revenue 5.000% 7/1/20 200 201
California Infrastructure & Economic Development Bank Revenue 5.000% 7/1/21 600 625
California Infrastructure & Economic Development Bank Revenue 5.000% 7/1/22 455 491
California Infrastructure & Economic Development Bank Revenue 4.000% 10/1/22 1,000 1,090

 

  54 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/22 1,785 1,987
California Infrastructure & Economic Development Bank Revenue 5.000% 7/1/23 250 279
California Infrastructure & Economic Development Bank Revenue 5.000% 7/1/23 2,000 2,025
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/23 1,850 2,145
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/23 4,000 4,637
California Infrastructure & Economic Development Bank Revenue 5.000% 7/1/24 610 700
California Infrastructure & Economic Development Bank Revenue 4.000% 8/1/24 525 591
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/24 1,175 1,414
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/24 1,300 1,564
California Infrastructure & Economic Development Bank Revenue 4.000% 8/1/25 570 656
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/25 1,525 1,896
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/25 5,000 6,217
California Infrastructure & Economic Development Bank Revenue 5.000% 7/1/26 800 963
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/26 510 626
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/26 1,510 1,933
California Infrastructure & Economic Development Bank Revenue 5.000% 2/1/27 1,505 1,664
California Infrastructure & Economic Development Bank Revenue 5.000% 7/1/27 1,775 2,127
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/27 600 754
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/28 425 546
California Infrastructure & Economic Development Bank Revenue 4.000% 7/1/29 985 1,100
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/29 1,710 2,239
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/31 1,550 2,009
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/32 1,800 2,315
California Infrastructure & Economic Development Bank Revenue 5.000% 10/1/32 125 144
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/34 650 827
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/35 1,000 1,266
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/36 2,500 3,150

 

  55 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/37 1,360 1,708
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/38 1,250 1,562
California Infrastructure & Economic Development Bank Revenue 5.000% 8/1/39 2,460 3,066
California Infrastructure & Economic Development Bank Revenue (Academy of Motion Picture Arts & Sciences Obligated Group) 5.000% 11/1/21 810 865
California Infrastructure & Economic Development Bank Revenue (Academy of Motion Picture Arts & Sciences Obligated Group) 5.000% 11/1/29 1,500 1,695
California Infrastructure & Economic Development Bank Revenue (Academy of Motion Picture Arts & Sciences Obligated Group) 5.000% 11/1/34 1,335 1,499
2 California Infrastructure & Economic Development Bank Revenue (California Academy of Sciences) PUT, 70% of 1M USD LIBOR + 0.380% 0.502% 8/1/21 8,160 8,005
California Infrastructure & Economic Development Bank Revenue (Independent System Operator Corp. Project) 5.000% 2/1/34 18,770 20,536
California Infrastructure & Economic Development Bank Revenue (Salvation Army Western Territory) 5.000% 9/1/26 860 1,039
California Infrastructure & Economic Development Bank Revenue (Salvation Army Western Territory) 5.000% 9/1/27 840 1,013
California Infrastructure & Economic Development Bank Revenue (Salvation Army Western Territory) 5.000% 9/1/28 595 716
California Infrastructure & Economic Development Bank Revenue (Salvation Army Western Territory) 5.000% 9/1/29 1,000 1,200
California Infrastructure & Economic Development Bank Revenue (Salvation Army Western Territory) 4.000% 9/1/31 1,760 1,965
California Infrastructure & Economic Development Bank Revenue (Salvation Army Western Territory) 5.000% 9/1/32 2,515 2,980
California Infrastructure & Economic Development Bank Revenue (Salvation Army Western Territory) 4.000% 9/1/34 715 784
California Infrastructure & Economic Development Bank Revenue (Salvation Army Western Territory) 4.000% 9/1/35 750 820
California Infrastructure & Economic Development Bank Revenue (Sanford Consortium for Regenerative Medicine) 5.000% 5/15/28 1,105 1,381

 

  56 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
California Infrastructure & Economic Development Bank Revenue (Sanford Consortium for Regenerative Medicine) 5.000% 5/15/29 740 922
California Infrastructure & Economic Development Bank Revenue (Sanford Consortium for Regenerative Medicine) 5.000% 5/15/30 1,095 1,355
California Infrastructure & Economic Development Bank Revenue (Sanford Consortium for Regenerative Medicine) 5.000% 5/15/31 1,225 1,508
California Infrastructure & Economic Development Bank Revenue (Sanford Consortium for Regenerative Medicine) 5.000% 5/15/32 1,140 1,398
California Infrastructure & Economic Development Bank Revenue (Sanford Consortium for Regenerative Medicine) 5.000% 5/15/33 1,110 1,359
California Infrastructure & Economic Development Bank Revenue (Sanford Consortium for Regenerative Medicine) 5.000% 5/15/34 2,850 3,481
California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project) 5.000% 5/1/21 1,000 1,036
California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project) 5.000% 5/1/22 1,500 1,609
California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project) 5.000% 5/1/23 1,150 1,273
California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project) 5.000% 5/1/24 1,300 1,481
California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project) 5.000% 5/1/25 1,365 1,596
California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project) 5.000% 5/1/26 1,430 1,706
California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project) 5.000% 5/1/26 1,245 1,485
California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project) 5.000% 5/1/27 1,500 1,804
California Infrastructure & Economic Development Bank Revenue (Segerstrom Center for the Arts Project) 5.000% 1/1/25 11,205 11,405
California Infrastructure & Economic Development Bank Revenue (University of California) 5.000% 5/15/37 2,500 3,109
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 4.000% 8/15/20 865 869
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 4.000% 8/15/21 900 925

 

  57 

 

 

California Intermediate-Term Tax-Exempt Fund

 

Face Market
Maturity Amount Value•
Coupon Date ($000 ) ($000 )
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 5.000% 8/15/21 1,130 1,177
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 4.000% 8/15/22 690 724
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 5.000% 8/15/22 325 349
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 5.000% 8/15/23 150 165
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 5.000% 8/15/23 400 441
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 5.000% 8/15/24 1,025 1,150
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 5.000% 8/15/26 1,130 1,312
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 5.000% 8/15/30 1,000 1,102
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 5.000% 8/15/31 600 691
California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects) 4.000% 8/15/37 1,000 1,046
California Municipal Finance Authority Multifamily Housing Revenue (Park Western Housing LP) 2.650% 8/1/36 13,652 14,365
California Municipal Finance Authority Recovery Zone Revenue (Chevron USA Inc. Project) VRDO 0.040% 6/1/20 27,345 27,345
California Municipal Finance Authority Revenue (Anaheim Electric Utility Distribution System) 5.000% 10/1/24 1,610 1,900
California Municipal Finance Authority Revenue (Anaheim Electric Utility Distribution System) 5.000% 10/1/26 5,370 6,503
California Municipal Finance Authority Revenue (Anaheim Water System Project Revenue) 4.000% 10/1/31 3,955 4,505
California Municipal Finance Authority Revenue (Anaheim Water System Project Revenue) 4.000% 10/1/32 4,220 4,783
California Municipal Finance Authority Revenue (Anaheim Water System Project Revenue) 4.000% 10/1/33 4,390 4,960
California Municipal Finance Authority Revenue (Anaheim Water System Project Revenue) 4.000% 10/1/40 4,000 4,432

 

  58 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 )
  California Municipal Finance Authority Revenue (Azusa Pacific University)   5.000%   4/1/21     1,300   1,319  
  California Municipal Finance Authority Revenue (Azusa Pacific University)   5.000%   4/1/22     1,000   1,030  
  California Municipal Finance Authority Revenue (Azusa Pacific University)   5.000%   4/1/23     1,285   1,339  
  California Municipal Finance Authority Revenue (Azusa Pacific University)   5.000%   4/1/24     1,325   1,393  
  California Municipal Finance Authority Revenue (Azusa Pacific University)   5.000%   4/1/25     1,180   1,249  
  California Municipal Finance Authority Revenue (Azusa Pacific University)   5.000%   4/1/35     3,530   3,561  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/21     375   389  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/22     270   288  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/23     375   408  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/24     375   415  
  California Municipal Finance Authority Revenue (Biola University)   4.000%   10/1/25     100   104  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/25     305   342  
  California Municipal Finance Authority Revenue (Biola University)   4.000%   10/1/26     375   387  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/29     660   705  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/29     810   908  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/30     585   650  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/30     500   531  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/31     2,140   2,366  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/32     1,190   1,306  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/34     570   620  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/35     1,100   1,194  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/36     645   697  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/21     195   203  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/23     340   370  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/24     275   304  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/25     275   309  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/26     300   340  

 

  59 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount Value•  
      Coupon   Date     ($000 ) ($000 )
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/27     900   1,029  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/28     900   1,043  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/29     450   517  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/30     225   256  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/31     225   254  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/33     450   502  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/35     225   248  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/37     300   329  
  California Municipal Finance Authority Revenue (Channing House Project)   5.000%   5/15/32     505   604  
  California Municipal Finance Authority Revenue (Channing House Project)   5.000%   5/15/37     250   296  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/21     1,000   1,025  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/21     2,200   2,256  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/22     1,000   1,063  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/22     500   531  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/23     1,000   1,099  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/23     835   918  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/24     500   566  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/24     3,435   3,892  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/25     650   752  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/25     1,700   1,966  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/26     700   807  

 

  60 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/26     2,200   2,593  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/27     600   689  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/27     1,500   1,798  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/28     750   856  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/28     1,000   1,184  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/29     1,895   2,155  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/31     3,470   3,902  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/32     3,655   4,093  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/32     3,620   4,202  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/33     3,835   4,278  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/33     3,225   3,723  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/34     4,035   4,490  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/34     4,250   4,890  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/35     4,000   4,440  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/35     4,675   5,362  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/36     2,000   2,286  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/37     1,700   1,937  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.125%   7/1/20 (Prere.)   2,150   2,159  

 

  61 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/24     1,000   1,138  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/25     2,350   2,732  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/25     1,490   1,732  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/27     700   840  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/28     1,365   1,628  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/29     1,520   1,804  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/30     1,000   1,181  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/30     770   909  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/31     1,000   1,174  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/31     1,000   1,174  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/32     900   1,050  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/33     1,500   1,732  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/33     1,030   1,189  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/34     1,575   1,814  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/35     2,000   2,286  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/35     1,745   1,995  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/36     1,800   2,050  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/36     1,900   2,164  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/37     1,510   1,715  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/25     650   712  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/26     1,975   2,189  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/27     1,170   1,308  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/28     755   852  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/29     500   562  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/30     600   671  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/31     1,020   1,133  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/32     855   944  

 

  62 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/33     700   768  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/34     1,100   1,202  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/36     1,935   2,104  
  California Municipal Finance Authority Revenue (Emerson College)   5.000%   1/1/37     1,000   1,084  
  California Municipal Finance Authority Revenue (Healthright 360)   5.000%   11/1/29     1,175   1,299  
  California Municipal Finance Authority Revenue (Institute on Aging Project)   5.000%   8/15/26     630   781  
  California Municipal Finance Authority Revenue (Institute on Aging Project)   5.000%   8/15/28     940   1,191  
  California Municipal Finance Authority Revenue (Institute on Aging Project)   5.000%   8/15/30     1,435   1,797  
  California Municipal Finance Authority Revenue (Institute on Aging Project)   5.000%   8/15/31     1,380   1,718  
  California Municipal Finance Authority Revenue (Institute on Aging Project)   5.000%   8/15/35     1,475   1,802  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   4.000%   11/1/22     1,000   1,047  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   4.000%   11/1/23     2,465   2,618  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/23     1,000   1,095  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/24     1,825   2,036  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/24     1,000   1,115  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/25     1,000   1,132  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/25     1,000   1,132  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/26     1,000   1,144  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/26     1,000   1,144  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/27     3,820   4,338  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/27     1,000   1,159  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/28     1,500   1,697  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/28     3,500   4,106  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.250%   11/1/29     1,250   1,439  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/30     1,600   1,794  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.250%   11/1/31     1,660   1,887  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.250%   11/1/36     8,960   9,970  

 

  63 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Municipal Finance Authority Revenue (Pomona College)   5.000%   1/1/32     1,185   1,524  
  California Municipal Finance Authority Revenue (Pomona College)   5.000%   1/1/33     510   652  
  California Municipal Finance Authority Revenue (Pomona College)   4.000%   1/1/37     1,400   1,632  
  California Municipal Finance Authority Revenue (Pomona College)   4.000%   1/1/38     1,835   2,133  
  California Municipal Finance Authority Revenue (Retirement Housing Foundation Obligated Group)   5.000%   11/15/24     425   454  
  California Municipal Finance Authority Revenue (Retirement Housing Foundation Obligated Group)   5.000%   11/15/25     400   432  
  California Municipal Finance Authority Revenue (Retirement Housing Foundation Obligated Group)   5.000%   11/15/26     475   519  
  California Municipal Finance Authority Revenue (Retirement Housing Foundation Obligated Group)   5.000%   11/15/27     650   714  
  California Municipal Finance Authority Revenue (Retirement Housing Foundation Obligated Group)   5.000%   11/15/28     450   498  
  California Municipal Finance Authority Revenue (University of La Verne)   5.000%   6/1/20     300   300  
  California Municipal Finance Authority Revenue (University of La Verne)   5.000%   6/1/21     365   377  
  California Municipal Finance Authority Revenue (University of La Verne)   5.000%   6/1/22     250   266  
  California Municipal Finance Authority Revenue (University of La Verne)   5.000%   6/1/23     625   684  
  California Municipal Finance Authority Revenue (University of La Verne)   5.000%   6/1/24     360   404  
  California Municipal Finance Authority Revenue (University of La Verne)   5.000%   6/1/25     1,000   1,147  
  California Municipal Finance Authority Revenue (University of La Verne)   5.000%   6/1/27     2,565   3,043  
  California Municipal Finance Authority Revenue (University of San Diego)   5.000%   10/1/36     1,000   1,225  
  California Municipal Finance Authority Revenue (University of San Diego)   5.000%   10/1/37     600   733  
  California Municipal Finance Authority Revenue (University of San Diego)   5.000%   10/1/38     1,000   1,217  
  California Municipal Finance Authority Revenue (University of San Diego)   5.000%   10/1/39     835   1,014  
  California Municipal Finance Authority Revenue (University of San Diego) PUT   1.750%   8/1/26     6,750   6,961  
  California Municipal Finance Authority Student Housing Revenue (Bowles Hall Foundation)   5.000%   6/1/35     1,270   1,334  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/22     700   738  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/23 (15)   400   434  

 

  64 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/23     1,250   1,347  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/24 (15)   735   814  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/25 (15)   500   564  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/25     2,425   2,701  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/26 (15)   570   654  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/26     2,550   2,874  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/27 (15)   1,000   1,163  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/27     1,925   2,195  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/28 (15)   1,385   1,633  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/29     1,000   1,162  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/29     1,500   1,731  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/30     3,045   3,482  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/31     3,820   4,370  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/31     3,000   3,392  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/32     500   568  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/33     1,450   1,629  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/35     2,265   2,521  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/35     2,000   2,205  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/36     2,530   2,803  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/38     1,265   1,392  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/38     2,300   2,510  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/39     1,470   1,613  
  California Municipal Finance Authority Water Revenue (San Bernardino Municipal Water Department)   5.000%   8/1/31 (15)   1,455   1,795  
  California Municipal Finance Authority Water Revenue (San Bernardino Municipal Water Department)   5.000%   8/1/36 (15)   1,805   2,195  
  California Pollution Control Financing Authority Solid Waste Disposal Revenue (Waste Management Inc. Project) PUT   1.300%   2/3/25     9,800   9,556  
  California Public Works Board Lease Revenue   5.000%   3/1/21     1,800   1,863  

 

  65 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Public Works Board Lease Revenue   5.000%   10/1/21     7,620   8,095  
  California Public Works Board Lease Revenue   5.000%   3/1/22     1,600   1,729  
  California Public Works Board Lease Revenue   5.000%   10/1/22     5,860   6,493  
  California Public Works Board Lease Revenue   5.000%   10/1/28     13,840   17,675  
  California Public Works Board Lease Revenue   5.000%   10/1/29     12,260   15,579  
  California Public Works Board Lease Revenue   5.000%   3/1/31     1,750   2,346  
  California Public Works Board Lease Revenue   5.000%   3/1/32     2,390   3,177  
  California Public Works Board Lease Revenue   5.000%   3/1/33     1,800   2,375  
  California Public Works Board Lease Revenue   5.000%   11/1/33     3,250   3,957  
  California Public Works Board Lease Revenue   5.000%   3/1/34     1,370   1,800  
  California Public Works Board Lease Revenue   5.000%   9/1/34     19,120   21,967  
  California Public Works Board Lease Revenue   4.000%   3/1/35     675   803  
  California Public Works Board Lease Revenue   5.000%   3/1/35     2,000   2,616  
  California Public Works Board Lease Revenue   4.000%   3/1/36     625   740  
  California Public Works Board Lease Revenue   4.000%   3/1/39     1,000   1,171  
  California Public Works Board Lease Revenue   4.000%   3/1/40     750   876  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   6/1/21     7,680   8,041  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   10/1/21     5,945   6,316  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   10/1/21     1,425   1,514  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   5/1/22     4,440   4,821  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   6/1/22     9,425   10,302  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   9/1/22     3,230   3,567  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   10/1/22     6,250   6,925  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   10/1/22     1,500   1,662  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   5/1/23     5,295   5,997  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   10/1/23     3,285   3,779  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   10/1/23     2,350   2,703  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   5/1/24     5,560   6,521  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   9/1/24     4,330   5,135  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   10/1/24     1,955   2,325  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   6/1/25     3,140   3,814  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   5/1/26     5,775   7,185  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   9/1/26     1,700   2,009  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   5/1/27     6,435   8,213  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   12/1/27     455   556  

 

  66 

 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   9/1/31     5,000   5,831  
  California Public Works Board Lease Revenue (Department of Corrections)   3.000%   10/1/31 (4)   1,050   1,144  
  California Public Works Board Lease Revenue (Department of Corrections)   5.750%   10/1/31     6,000   6,402  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   9/1/32     5,025   5,838  
  California Public Works Board Lease Revenue (Department of Corrections)   5.250%   10/1/32     5,015   5,872  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   9/1/33     5,000   5,793  
  California Public Works Board Lease Revenue (Department of Corrections)   5.250%   10/1/33     3,000   3,504  
  California Public Works Board Lease Revenue (Department of Corrections)   4.500%   9/1/35     25,000   28,029  
  California Public Works Board Lease Revenue (Department of Corrections)   3.000%   10/1/36 (4)   3,480   3,664  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   9/1/39     15,175   17,271  
  California Public Works Board Lease Revenue (Department of State Hospitals)   5.000%   6/1/28     5,865   6,601  
  California Public Works Board Lease Revenue (Department of State Hospitals)   5.000%   6/1/29     9,030   10,135  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   12/1/24     400   428  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/25     1,525   1,711  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   10/1/25     50   59  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.250%   12/1/25     1,575   1,690  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/26     1,600   1,790  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   12/1/27     7,000   7,479  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/28     2,860   3,191  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   12/1/28     4,980   5,314  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/29     2,500   2,783  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   12/1/29     5,000   5,331  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/32     3,200   3,536  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/33     1,650   1,819  
  California Public Works Board Lease Revenue (Regents of The University of California)   5.000%   10/1/21 (ETM)   1,650   1,757  
  California Public Works Board Lease Revenue (Riverside Campus)   5.000%   4/1/27     2,635   3,356  
  California Public Works Board Lease Revenue (Riverside Campus)   5.000%   4/1/28     4,000   5,049  

 

  67 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Public Works Board Lease Revenue (Riverside Campus)   5.000%   4/1/29     5,235   6,576  
  California Public Works Board Lease Revenue (Riverside Campus)   5.000%   4/1/30     2,435   3,043  
  California Public Works Board Lease Revenue (Riverside Campus)   5.000%   4/1/32     2,000   2,471  
  California Public Works Board Lease Revenue (Riverside Campus)   5.000%   4/1/33     500   614  
  California Public Works Board Lease Revenue (Riverside Campus)   5.000%   4/1/34     2,575   3,155  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   12/1/20     1,600   1,639  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   12/1/21 (ETM)   5,400   5,793  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   12/1/21     2,965   3,173  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   12/1/21     1,110   1,188  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/22     2,975   3,230  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/22     2,620   2,845  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   9/1/22 (Prere.)   3,000   3,325  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   9/1/22 (Prere.)   3,000   3,325  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/22     1,600   1,779  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   12/1/22     1,195   1,333  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   4/1/23     4,180   4,534  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/23     2,765   3,131  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/23     1,035   1,150  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/24     2,890   3,389  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/24     10   12  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/24     2,055   2,279  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/25     5,765   7,085  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/25     3,610   3,999  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/26     3,205   3,988  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/26     10,000   12,612  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   4/1/27     5,030   6,294  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/27     3,350   4,276  

 

  68 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/27     5,175   6,479  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/28     4,625   5,543  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/28     2,630   3,468  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/28     16,235   20,252  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/29     1,175   1,404  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/29     3,695   4,786  
  California Public Works Board Lease Revenue (Various Capital Projects)   4.000%   4/1/30     14,980   17,357  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   5/1/30     1,250   1,488  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.500%   11/1/30     5,595   6,463  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/31     1,650   1,817  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.500%   11/1/31     7,150   8,236  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   10/1/32     4,520   5,642  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/32     11,465   12,600  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.500%   11/1/33     4,670   5,386  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   4/1/37     5,000   5,352  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/38     915   1,020  
  California School Finance Authority Charter School Revenue (Aspire Public Schools)   5.000%   8/1/22     1,545   1,633  
  California School Finance Authority Charter School Revenue (Aspire Public Schools)   5.000%   8/1/23     800   862  
  California School Finance Authority Charter School Revenue (Aspire Public Schools)   5.000%   8/1/24     450   493  
  California School Finance Authority Charter School Revenue (Aspire Public Schools)   5.000%   8/1/36     2,250   2,371  
  California School Finance Authority Revenue (Educational Facilities)   5.000%   6/1/40     1,500   1,502  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   4.000%   7/1/23     635   661  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   4.000%   7/1/24     660   693  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   4.000%   7/1/25     685   722  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   4.000%   7/1/26     715   754  

 

  69 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   4.000%   7/1/28     770   804  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   5.000%   7/1/30     835   909  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   5.000%   7/1/32     460   495  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   5.000%   7/1/33     485   519  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   5.000%   7/1/34     510   545  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/21     275   289  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/22     335   352  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/23     345   370  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/24     320   349  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/25     150   165  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/26     150   167  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/27     160   179  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/28     190   214  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/35     1,000   1,058  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/38     2,000   2,154  
  California School Finance Authority Revenue (Kipp SoCal Public Schools Obligated Group)   5.000%   7/1/22     100   106  
  California School Finance Authority Revenue (Kipp SoCal Public Schools Obligated Group)   5.000%   7/1/23     100   108  
  California School Finance Authority Revenue (Kipp SoCal Public Schools Obligated Group)   5.000%   7/1/24     130   143  
  California School Finance Authority Revenue (Kipp SoCal Public Schools Obligated Group)   5.000%   7/1/25     100   112  
  California School Finance Authority Revenue (Kipp SoCal Public Schools Obligated Group)   5.000%   7/1/26     105   118  
  California School Finance Authority Revenue (Kipp SoCal Public Schools Obligated Group)   5.000%   7/1/27     110   125  
  California School Finance Authority Revenue (Kipp SoCal Public Schools Obligated Group)   5.000%   7/1/28     160   183  
  California School Finance Authority Revenue (Kipp SoCal Public Schools Obligated Group)   5.000%   7/1/29     330   381  
  California State University Systemwide Revenue   5.000%   11/1/20     1,670   1,704  

 

  70 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California State University Systemwide Revenue   5.000%   11/1/21     6,310   6,739  
  California State University Systemwide Revenue   5.000%   11/1/21 (Prere.)   1,045   1,113  
  California State University Systemwide Revenue   5.000%   11/1/21 (Prere.)   765   815  
  California State University Systemwide Revenue   5.000%   11/1/21 (Prere.)   5,740   6,130  
  California State University Systemwide Revenue   5.000%   11/1/22     1,545   1,721  
  California State University Systemwide Revenue   5.000%   11/1/22     2,500   2,785  
  California State University Systemwide Revenue   5.000%   11/1/23     1,500   1,738  
  California State University Systemwide Revenue   5.000%   11/1/24     2,170   2,315  
  California State University Systemwide Revenue   5.000%   11/1/24     4,505   5,405  
  California State University Systemwide Revenue   5.000%   11/1/25     1,265   1,566  
  California State University Systemwide Revenue   5.000%   11/1/25     1,180   1,461  
  California State University Systemwide Revenue   5.000%   11/1/25     100   124  
  California State University Systemwide Revenue   5.000%   11/1/26     1,400   1,781  
  California State University Systemwide Revenue   5.000%   11/1/27     2,155   2,656  
  California State University Systemwide Revenue   5.000%   11/1/27     1,500   1,961  
  California State University Systemwide Revenue   5.000%   11/1/28     2,635   3,241  
  California State University Systemwide Revenue   5.000%   11/1/28     500   669  
  California State University Systemwide Revenue   5.000%   11/1/28     5,000   5,960  
  California State University Systemwide Revenue   4.000%   11/1/29     6,675   7,178  
  California State University Systemwide Revenue   5.000%   11/1/30     2,920   3,578  
  California State University Systemwide Revenue   5.000%   11/1/30     1,300   1,606  
  California State University Systemwide Revenue   5.000%   11/1/30     600   812  
  California State University Systemwide Revenue   4.000%   11/1/31     10,445   11,180  
  California State University Systemwide Revenue   5.000%   11/1/31     10,080   12,322  
  California State University Systemwide Revenue   5.000%   11/1/31     8,350   10,269  
  California State University Systemwide Revenue   5.000%   11/1/31     400   537  
  California State University Systemwide Revenue   5.000%   11/1/31     8,900   10,558  

 

  71 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 )
  California State University Systemwide Revenue   4.000%   11/1/32     17,275   18,448  
  California State University Systemwide Revenue   5.000%   11/1/32     12,995   15,808  
  California State University Systemwide Revenue   5.000%   11/1/32     5,115   6,258  
  California State University Systemwide Revenue   5.000%   11/1/32     6,105   7,649  
  California State University Systemwide Revenue   5.000%   11/1/33     5,775   7,005  
  California State University Systemwide Revenue   5.000%   11/1/33     10,155   12,385  
  California State University Systemwide Revenue   5.000%   11/1/33     6,270   7,824  
  California State University Systemwide Revenue   5.000%   11/1/33     11,980   14,125  
  California State University Systemwide Revenue   4.000%   11/1/34     10,025   11,408  
  California State University Systemwide Revenue   5.000%   11/1/34     5,000   6,212  
  California State University Systemwide Revenue   5.000%   11/1/34     6,175   7,269  
  California State University Systemwide Revenue   5.000%   11/1/34     8,560   11,030  
  California State University Systemwide Revenue   4.000%   11/1/35     10,915   12,380  
  California State University Systemwide Revenue   5.000%   11/1/35     13,205   15,916  
  California State University Systemwide Revenue   5.000%   11/1/35     8,000   9,903  
  California State University Systemwide Revenue   5.000%   11/1/35     6,840   8,036  
  California State University Systemwide Revenue   5.000%   11/1/35     5,000   6,414  
  California State University Systemwide Revenue   5.000%   11/1/36     3,050   3,687  
  California State University Systemwide Revenue   5.000%   11/1/36     1,415   1,744  
  California State University Systemwide Revenue   5.000%   11/1/36     10,535   13,443  
  California State University Systemwide Revenue   5.000%   11/1/37     3,855   4,738  
  California State University Systemwide Revenue   5.000%   11/1/37     20,430   22,411  
  California State University Systemwide Revenue   5.000%   11/1/37     10,465   13,311  
  California State University Systemwide Revenue   5.000%   11/1/38     5,495   6,969  
  California State University Systemwide Revenue   5.000%   11/1/39     495   639  
  California State University Systemwide Revenue   5.000%   11/1/39     2,100   2,452  
  California State University Systemwide Revenue PUT   4.000%   11/1/21     23,465   24,198  

 

  72 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California State University Systemwide Revenue PUT   4.000%   11/1/23     19,435   21,317  
  California State University Systemwide Revenue PUT   1.600%   11/1/26     27,025   27,830  
  California Statewide Communities Development Authority (Rady Children’s Hospital) VRDO   0.040%   6/1/20 LOC   4,900   4,900  
  California Statewide Communities Development Authority Hospital Revenue (Methodist Hospital of Southern California)   5.000%   1/1/26     1,070   1,266  
  California Statewide Communities Development Authority Hospital Revenue (Methodist Hospital of Southern California)   5.000%   1/1/27     1,900   2,293  
  California Statewide Communities Development Authority Hospital Revenue (Methodist Hospital of Southern California)   5.000%   1/1/28     3,000   3,670  
  California Statewide Communities Development Authority Hospital Revenue (Methodist Hospital of Southern California)   5.000%   1/1/29     3,140   3,824  
  California Statewide Communities Development Authority Revenue (899 Charleston Project)   5.000%   11/1/24     1,000   1,016  
  California Statewide Communities Development Authority Revenue (899 Charleston Project)   5.000%   11/1/29     1,650   1,671  
  California Statewide Communities Development Authority Revenue (899 Charleston Project)   5.000%   11/1/34     3,700   3,710  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/22     1,500   1,624  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/23     1,535   1,697  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/23     145   160  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/24     1,095   1,248  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/24     200   228  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/25     765   896  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/25     410   480  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/26     1,500   1,794  

 

  73 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000)   ($000 )
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/26     460   550  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/27     605   739  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/28     575   717  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/29     1,035   1,285  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/30     850   1,050  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/30     6,380   7,510  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/31     700   856  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/32     5,000   5,814  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/32     800   972  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/34     1,000   1,204  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/35     1,475   1,769  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   3.500%   3/1/38     625   650  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West) PUT   5.000%   3/1/27     9,825   11,355  
  California Statewide Communities Development Authority Revenue (Beverly Community Hospital Association)   4.000%   11/1/21     215   220  
  California Statewide Communities Development Authority Revenue (Beverly Community Hospital Association)   5.000%   11/1/22     225   239  
  California Statewide Communities Development Authority Revenue (Beverly Community Hospital Association)   5.000%   11/1/23     235   255  
  California Statewide Communities Development Authority Revenue (Beverly Community Hospital Association)   3.000%   11/1/24     245   250  
  California Statewide Communities Development Authority Revenue (Beverly Community Hospital Association)   3.000%   11/1/25     215   220  

 

  74 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Revenue (Beverly Community Hospital Association)   3.125%   11/1/26     240   246  
  California Statewide Communities Development Authority Revenue (Beverly Community Hospital Association)   5.000%   11/1/27     270   308  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/20 (4)   210   215  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/21 (4)   200   214  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/22 (4)   200   221  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/23 (4)   400   457  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/24 (4)   500   590  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/27 (4)   1,660   1,952  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/28 (4)   900   1,057  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/34 (4)   2,500   2,905  
2  California Statewide Communities Development Authority Revenue (Citrus Valley Health Partners)   0.858%   6/5/20 (14)   6,800   6,800  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/20 (ETM)   100   102  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   4.000%   11/1/21 (ETM)   345   364  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/22 (ETM)   375   417  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/23 (ETM)   275   318  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24 (Prere.)   1,040   1,248  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24 (ETM)   355   426  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24 (Prere.)   355   426  

 

  75 

 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24  (Prere.)   325   390  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24  (Prere.)   750   900  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24  (Prere.)   1,310   1,572  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24  (Prere.)   700   840  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24  (Prere.)   1,100   1,320  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24  (Prere.)   1,690   2,028  
  California Statewide Communities Development Authority Revenue (Enloe Medical Center)   5.000%   8/15/30     2,500   3,052  
  California Statewide Communities Development Authority Revenue (Enloe Medical Center)   5.000%   8/15/31     4,040   4,909  
  California Statewide Communities Development Authority Revenue (Enloe Medical Center)   5.000%   8/15/33     4,000   4,818  
  California Statewide Communities Development Authority Revenue (Enloe Medical Center)   5.000%   8/15/34     4,795   5,762  
  California Statewide Communities Development Authority Revenue (Enloe Medical Center)   5.000%   8/15/35     1,000   1,197  
  California Statewide Communities Development Authority Revenue (Episcopal Communities & Services)   5.000%   5/15/27     815   854  
  California Statewide Communities Development Authority Revenue (Episcopal Communities & Services)   5.000%   5/15/32     680   710  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   5.000%   4/1/21     170   176  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   5.000%   4/1/22     120   129  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   5.000%   4/1/23     410   456  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   5.000%   4/1/25     160   188  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   5.000%   4/1/26     350   420  

 

  76 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   5.000%   4/1/27     160   196  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   5.000%   4/1/28     420   510  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   5.000%   4/1/29     470   567  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   4.000%   4/1/32     255   282  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   4.000%   4/1/34     350   383  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   4.000%   4/1/36     630   682  
  California Statewide Communities Development Authority Revenue (Front Porch Communities)   4.000%   4/1/37     650   701  
  California Statewide Communities Development Authority Revenue (Hooper Street LLC)   5.000%   7/1/24     500   518  
  California Statewide Communities Development Authority Revenue (Hooper Street LLC)   5.000%   7/1/29     900   926  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/20     325   326  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/20     330   331  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/21     275   289  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/21     305   320  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/22     250   273  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/22     420   449  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/23     665   730  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/23     300   329  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/24     800   898  

 

  77 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000)  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/24     300   337  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/25     1,140   1,276  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/25     300   343  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/26     2,000   2,221  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/26     325   377  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/27     3,445   3,812  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/28     3,000   3,313  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/29     4,600   5,076  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/30     4,575   5,045  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/31     4,000   4,402  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/32     3,790   4,166  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/33     2,500   2,745  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/34     2,000   2,193  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/36     590   671  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/37     500   567  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/38     710   803  
1 California Statewide Communities Development Authority Revenue (John Muir Health) PUT   4.000%   8/15/24     19,815   22,424  
  California Statewide Communities Development Authority Revenue (Kaiser Foundation Hospitals) PUT   5.000%   11/1/29     49,995   64,659  

 

  78 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Revenue (Kaiser Foundation Hospitals) PUT   5.000%   11/1/29     205   265  
  California Statewide Communities Development Authority Revenue (Kaiser Permanente) PUT   5.000%   11/1/29     10,875   14,065  
  California Statewide Communities Development Authority Revenue (Loma Linda University Medical Center)   5.250%   12/1/29     14,865   15,764  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/24     150   173  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/25     250   296  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/26     370   446  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/27     275   339  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/28     300   373  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/29     360   445  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/30     250   307  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/31     400   487  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/32     480   581  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/33     450   542  
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/20     1,400   1,414  
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/21     1,030   1,090  
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/22     765   839  
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/23     525   597  
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/24     760   894  

 

  79 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/25     1,000   1,213  
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/26     1,015   1,262  
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/27     1,000   1,272  
  California Statewide Communities Development Authority Revenue (Rady Children’s Hospital - San Diego)   5.000%   8/15/28     780   1,016  
  California Statewide Communities Development Authority Revenue (Sutter Health)   5.000%   8/15/20     500   505  
  California Statewide Communities Development Authority Revenue (Sutter Health)   5.000%   8/15/22     1,050   1,144  
  California Statewide Communities Development Authority Revenue (Sutter Health)   5.250%   8/15/31     7,500   7,844  
  California Statewide Communities Development Authority Revenue (Sutter Health)   5.000%   8/15/32     11,820   12,670  
  California Statewide Communities Development Authority Revenue (Terraces at San Joaquin Gardens Project)   5.625%   10/1/32     500   516  
  California Statewide Communities Development Authority Revenue (Viamonte Senior Living 1 Inc.)   3.000%   7/1/25     8,000   8,066  
  California Statewide Communities Development Authority Revenue (Viamonte Senior Living 1 Inc.)   5.000%   7/1/25     100   120  
  California Statewide Communities Development Authority Revenue (Viamonte Senior Living 1 Inc.)   3.000%   7/1/26     8,050   8,106  
  California Statewide Communities Development Authority Revenue (Viamonte Senior Living 1 Inc.)   5.000%   7/1/26     175   215  
  California Statewide Communities Development Authority Revenue (Viamonte Senior Living 1 Inc.)   5.000%   7/1/27     205   258  
  California Statewide Communities Development Authority Revenue (Viamonte Senior Living 1 Inc.)   5.000%   7/1/28     100   129  
  California Statewide Communities Development Authority Revenue (Viamonte Senior Living 1 Inc.)   5.000%   7/1/29     365   468  
California Statewide Communities Development Authority Revenue (Viamonte Senior Living 1 Inc.)   5.000%   7/1/30     275   349  

 

  80 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/21     825   851  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/22     2,515   2,622  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/23     1,250   1,327  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/24     1,250   1,348  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/25     2,000   2,186  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/26     3,410   3,760  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/27     2,015   2,210  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/28     5,000   5,464  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/29     2,000   2,179  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.125%   5/15/31     9,250   9,449  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/32     2,475   2,655  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/33     3,375   3,602  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/34     1,750   1,864  

 

  81 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/35     2,000   2,125  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase IV)   5.000%   5/15/27     1,500   1,667  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase IV)   5.000%   5/15/28     1,550   1,716  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase IV)   5.000%   5/15/29     900   993  
  Campbell CA Union High School District GO   5.000%   8/1/33     2,100   2,608  
  Campbell CA Union High School District GO   5.000%   8/1/34     2,500   3,098  
  Campbell CA Union High School District GO   5.000%   8/1/35     4,095   5,063  
  Campbell CA Union High School District GO   5.000%   8/1/36     5,000   6,165  
  Campbell CA Union High School District GO   4.000%   8/1/37     5,000   5,673  
  Carlsbad CA Unified School District GO   4.000%   5/1/30     5,220   6,175  
  Carlsbad CA Unified School District GO   4.000%   5/1/32     575   672  
  Carlsbad CA Unified School District GO   4.000%   5/1/33     690   802  
  Carlsbad CA Unified School District GO   4.000%   5/1/34     685   792  
  Carlsbad CA Unified School District GO   3.000%   8/1/35     1,100   1,203  
  Carlsbad CA Unified School District GO   3.000%   8/1/36     1,180   1,284  
  Carlsbad CA Unified School District GO   3.000%   8/1/37     1,295   1,404  
  Carlsbad CA Unified School District GO   3.000%   8/1/38     1,415   1,523  
  Carlsbad CA Unified School District GO   3.000%   8/1/39     1,545   1,658  
3,4 Carlsbad CA Unified School District GO, 6.125% coupon rate effective 8/1/2021   0.000%   8/1/31     145   195  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/20     100   100  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/21     125   131  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/22     145   158  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/23     215   244  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/24     160   188  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/25     125   151  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/26     150   186  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/27     225   286  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/28     250   326  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/29     250   335  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/30     300   409  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/31     300   406  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/32     300   403  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/33     350   467  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/34     400   531  
  Carpinteria Valley CA Water District Revenue   5.000%   7/1/35     500   661  
  Carson CA Redevelopment Agency Tax Allocation Revenue (Carson Merged & Amended Project Area)   5.000%   10/1/22     1,130   1,245  
  Carson CA Redevelopment Agency Tax Allocation Revenue (Carson Merged & Amended Project Area)   5.000%   10/1/23     1,170   1,337  

 

  82 

 

 

California Intermediate-Term Tax-Exempt Fund

 

              Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Carson CA Redevelopment Agency Tax Allocation Revenue (Redevelopment Project Area No. 1)   5.000%   10/1/20 (4)   785   797  
  Carson CA Redevelopment Agency Tax Allocation Revenue (Redevelopment Project Area No. 1)   5.000%   10/1/21 (4)   850   901  
  Carson CA Redevelopment Agency Tax Allocation Revenue (Redevelopment Project Area No. 1)   5.000%   10/1/22 (4)   600   662  
  Castro Valley CA Unified School District GO   4.000%   8/1/33     750   881  
  Castro Valley CA Unified School District GO   4.000%   8/1/34     750   875  
  Castro Valley CA Unified School District GO   4.000%   8/1/35     390   453  
  Centinela Valley CA Union High School District GO   4.000%   8/1/30 (4)   2,390   2,763  
  Centinela Valley CA Union High School District GO   4.000%   8/1/31 (4)   1,885   2,168  
  Centinela Valley CA Union High School District GO   4.000%   8/1/32 (4)   3,355   3,837  
  Centinela Valley CA Union High School District GO   4.000%   8/1/33 (4)   1,410   1,605  
  Centinela Valley CA Union High School District GO   4.000%   8/1/34 (4)   5,465   6,173  
  Central Valley CA Financing Authority Cogeneration Project Revenue (Carson Ice-Gen Project)   5.250%   7/1/20 (ETM)   1,225   1,230  
  Cerritos CA Community College District GO   0.000%   8/1/20     500   500  
  Cerritos CA Community College District GO   5.000%   8/1/20     185   186  
  Cerritos CA Community College District GO   0.000%   8/1/22     500   496  
  Cerritos CA Community College District GO   0.000%   8/1/23     500   492  
  Cerritos CA Community College District GO   4.000%   8/1/30     3,480   3,897  
  Cerritos CA Community College District GO   4.000%   8/1/32     2,260   2,512  
  Chabot-Las Positas CA Community College District GO   5.000%   8/1/23     2,225   2,541  
  Chabot-Las Positas CA Community College District GO   5.000%   8/1/25     1,075   1,230  
  Chabot-Las Positas CA Community College District GO   5.000%   8/1/27     2,525   2,886  
  Chabot-Las Positas CA Community College District GO   5.000%   8/1/29     2,125   2,426  
  Chabot-Las Positas CA Community College District GO   5.000%   8/1/30     7,500   8,556  
  Chabot-Las Positas CA Community College District GO   5.000%   8/1/31     7,500   8,551  
  Chabot-Las Positas CA Community College District GO   5.000%   8/1/32     13,000   14,796  
  Chabot-Las Positas CA Community College District GO   4.000%   8/1/33     575   677  
  Chabot-Las Positas CA Community College District GO   4.000%   8/1/33     250   289  
  Chabot-Las Positas CA Community College District GO   4.000%   8/1/34     625   734  
  Chabot-Las Positas CA Community College District GO   4.000%   8/1/34     9,950   11,477  

 

  83 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Chabot-Las Positas CA Community College District GO   4.000%   8/1/35     620   723  
  Chaffey CA Community College District GO   5.000%   6/1/24 (Prere.)   150   177  
  Chaffey CA Community College District GO   5.000%   6/1/24 (Prere.)   4,700   5,542  
  Chaffey CA Union High School District GO   0.000%   8/1/20     400   400  
  Chaffey CA Union High School District GO   0.000%   8/1/21     500   498  
  Chaffey CA Union High School District GO   0.000%   8/1/22     500   495  
  Chaffey CA Union High School District GO   0.000%   8/1/23     600   590  
  Chaffey CA Union High School District GO   0.000%   8/1/24     500   486  
  Chaffey CA Union High School District GO   0.000%   8/1/25     655   621  
  Chaffey CA Union High School District GO   0.000%   8/1/26     1,430   1,301  
  Chaffey CA Union High School District GO   0.000%   8/1/28     2,000   1,661  
  Chico CA Unified School District GO   4.000%   8/1/21     1,200   1,253  
  Chico CA Unified School District GO   4.000%   8/1/22     515   554  
  Chico CA Unified School District GO   4.000%   8/1/23     555   616  
  Chico CA Unified School District GO   5.000%   8/1/29     210   253  
  Chico CA Unified School District GO   5.000%   8/1/30     330   397  
  Chico CA Unified School District GO   5.000%   8/1/31     425   509  
  Chico CA Unified School District GO   5.000%   8/1/32     385   459  
  Chico CA Unified School District GO   5.000%   8/1/33     750   890  
  Chico CA Unified School District GO   4.000%   8/1/36     2,025   2,260  
  Chico CA Unified School District GO   4.000%   8/1/37     2,200   2,450  
  Chino CA Public Financing Authority Special Tax Revenue   5.000%   9/1/24 (4)   675   789  
  Chino CA Public Financing Authority Special Tax Revenue   5.000%   9/1/25 (4)   1,000   1,201  
  Chino CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/27 (15)   1,195   1,394  
  Chino CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/30 (15)   1,170   1,353  
  Chino Valley CA Unified School District GO   5.000%   8/1/33     100   135  
  Chino Valley CA Unified School District GO   5.000%   8/1/35     100   133  
  Chino Valley CA Unified School District GO   5.000%   8/1/36     125   165  
  Chino Valley CA Unified School District GO   5.000%   8/1/37     250   329  
  Chino Valley CA Unified School District GO   5.000%   8/1/38     340   446  
  Chino Valley CA Unified School District GO   5.000%   8/1/39     400   523  
  Chino Valley CA Unified School District GO   5.000%   8/1/40     320   417  
  Chula Vista CA Elementary School District BAN   0.000%   8/1/23     4,500   4,437  
  Chula Vista CA Municipal Financing Authority Special Tax Revenue   5.000%   9/1/20     1,185   1,199  
  Chula Vista CA Municipal Financing Authority Special Tax Revenue   5.000%   9/1/21     2,500   2,644  
  Chula Vista CA Municipal Financing Authority Special Tax Revenue   5.000%   9/1/23     2,615   2,962  
  Chula Vista CA Municipal Financing Authority Special Tax Revenue   5.250%   9/1/24     3,225   3,669  
  Chula Vista CA Municipal Financing Authority Special Tax Revenue   5.500%   9/1/25     3,495   3,991  
  Chula Vista CA Municipal Financing Authority Special Tax Revenue   5.500%   9/1/26     3,685   4,192  
  Chula Vista CA Municipal Financing Authority Special Tax Revenue   5.500%   9/1/27     970   1,101  

 

  84 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
4 Citrus CA Community College District GO, 5.000% coupon rate effective 2/1/2023   0.000%   8/1/33     1,000   996  
4 Citrus CA Community College District GO, 5.000% coupon rate effective 2/1/2023   0.000%   8/1/35     3,150   3,121  
  Clovis CA Unified School District GO   0.000%   8/1/26 (14)   450   417  
  Clovis CA Unified School District GO   0.000%   8/1/28 (14)   3,250   2,886  
  Clovis CA Unified School District GO   0.000%   8/1/30 (14)   12,330   10,419  
  Clovis CA Unified School District GO   0.000%   8/1/32     4,185   3,130  
  Clovis CA Unified School District GO   0.000%   8/1/33     2,700   1,924  
  Clovis CA Unified School District GO   0.000%   8/1/34     2,015   1,369  
  Clovis CA Unified School District GO   0.000%   8/1/35     2,780   1,800  
  Clovis CA Wastewater System Revenue   5.000%   8/1/27 (15)   1,090   1,422  
  Clovis CA Wastewater System Revenue   5.000%   8/1/28 (15)   1,000   1,304  
  Clovis CA Wastewater System Revenue   5.000%   8/1/31 (15)   1,380   1,734  
  Clovis CA Wastewater System Revenue   5.000%   8/1/33 (15)   1,780   2,205  
  Clovis CA Wastewater System Revenue   5.000%   8/1/34 (15)   1,000   1,234  
  Clovis CA Wastewater System Revenue   5.000%   8/1/35 (15)   1,000   1,230  
  Clovis CA Wastewater System Revenue   5.000%   8/1/36 (15)   2,165   2,643  
  Clovis CA Wastewater System Revenue   5.000%   8/1/37 (15)   1,265   1,540  
  Coast CA Community College District GO   0.000%   8/1/33     8,000   5,326  
  Coast CA Community College District GO   5.000%   8/1/33     3,000   3,642  
  Coast CA Community College District GO   3.000%   8/1/36     1,000   1,083  
  Coast CA Community College District GO   3.000%   8/1/37     1,000   1,079  
  Coast CA Community College District GO   3.000%   8/1/38     2,500   2,681  
  Colton CA Joint Unified School District GO   5.000%   8/1/23 (4)   785   892  
  Colton CA Joint Unified School District GO   5.000%   8/1/25 (4)   1,000   1,134  
  Colton CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/22 (15)   1,215   1,333  
  Commerce Community Development Commission Successor Agency Tax Allocation Revenue   5.000%   8/1/20     915   922  
  Commerce Community Development Commission Successor Agency Tax Allocation Revenue   5.000%   8/1/21     500   527  
  Commerce Community Development Commission Successor Agency Tax Allocation Revenue   5.000%   8/1/22     335   363  
  Commerce Community Development Commission Successor Agency Tax Allocation Revenue   5.000%   8/1/23 (4)   605   689  
  Commerce Community Development Commission Successor Agency Tax Allocation Revenue   5.000%   8/1/29 (4)   1,595   1,963  
  Compton CA Community College District GO   5.000%   8/1/31 (15)   1,000   1,204  
  Compton CA Unified School District COP   4.000%   6/1/21 (15)   50   52  
  Compton CA Unified School District COP   4.000%   6/1/22 (15)   150   160  
  Compton CA Unified School District COP   4.000%   6/1/23 (15)   215   237  
  Compton CA Unified School District COP   4.000%   6/1/24 (15)   345   391  
  Compton CA Unified School District COP   5.000%   6/1/25 (15)   405   490  
  Compton CA Unified School District COP   5.000%   6/1/26 (15)   475   590  
  Compton CA Unified School District COP   5.000%   6/1/27 (15)   555   708  
  Compton CA Unified School District COP   5.000%   6/1/28 (15)   335   425  
  Compton CA Unified School District COP   5.000%   6/1/29 (15)   275   347  
  Compton CA Unified School District COP   5.000%   6/1/31 (15)   270   335  

 

  85 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Compton CA Unified School District COP   5.000%   6/1/32 (15)   530   653  
  Compton CA Unified School District COP   4.000%   6/1/33 (15)   250   290  
  Compton CA Unified School District COP   4.000%   6/1/34 (15)   325   375  
  Compton CA Unified School District COP   4.000%   6/1/35 (15)   400   459  
  Compton CA Unified School District COP   4.000%   6/1/36 (15)   400   457  
  Compton CA Unified School District COP   4.000%   6/1/38 (15)   550   624  
  Compton CA Unified School District COP   4.000%   6/1/39 (15)   575   651  
  Compton CA Unified School District GO   5.000%   6/1/25 (15)   785   950  
  Compton CA Unified School District GO   5.000%   6/1/26 (15)   835   1,038  
  Compton CA Unified School District GO   5.000%   6/1/27 (15)   745   951  
  Compton CA Unified School District GO   5.000%   6/1/28 (15)   1,140   1,450  
  Compton CA Unified School District GO   5.000%   6/1/29 (15)   1,000   1,266  
  Compton CA Unified School District GO   4.000%   6/1/30 (15)   2,200   2,622  
  Compton CA Unified School District GO   4.000%   6/1/31 (15)   2,065   2,448  
  Compton CA Unified School District GO   4.000%   6/1/32 (15)   1,955   2,302  
  Compton CA Unified School District GO   0.000%   6/1/33 (15)   1,000   766  
  Conejo Valley CA Unified School District GO   0.000%   8/1/21 (4)   2,000   1,991  
  Conejo Valley CA Unified School District GO   0.000%   8/1/22 (4)   2,750   2,721  
  Conejo Valley CA Unified School District GO   0.000%   8/1/23 (4)   2,500   2,454  
  Conejo Valley CA Unified School District GO   0.000%   8/1/24 (4)   3,000   2,911  
  Conejo Valley CA Unified School District GO   0.000%   8/1/25 (4)   3,380   3,191  
  Conejo Valley CA Unified School District GO   0.000%   8/1/26 (4)   3,500   3,158  
  Conejo Valley CA Unified School District GO   0.000%   8/1/27 (4)   3,000   2,577  
  Conejo Valley CA Unified School District GO   0.000%   8/1/28 (4)   2,290   1,871  
  Contra Costa CA Community College District GO   4.000%   8/1/22 (Prere.)   2,350   2,544  
  Contra Costa CA Community College District GO   5.000%   8/1/23 (Prere.)   3,000   3,452  
  Contra Costa CA Community College District GO   5.000%   8/1/23 (Prere.)   4,000   4,602  
  Contra Costa CA Community College District GO   5.000%   8/1/24     4,140   4,572  
  Contra Costa CA Community College District GO   3.000%   8/1/37     1,370   1,485  
  Contra Costa CA Community College District GO   3.000%   8/1/38     1,100   1,184  
  Contra Costa CA Community College District GO   3.000%   8/1/39     1,000   1,073  
  Contra Costa CA Community College District GO   4.000%   8/1/39     2,865   3,205  
  Contra Costa CA Transportation Authority Sales Tax Revenue   5.000%   3/1/30     2,000   2,512  
  Contra Costa CA Transportation Authority Sales Tax Revenue   5.000%   3/1/31     1,295   1,618  
  Contra Costa CA Transportation Authority Sales Tax Revenue   5.000%   3/1/32     2,010   2,497  
  Contra Costa CA Transportation Authority Sales Tax Revenue   5.000%   3/1/32     1,600   1,777  
  Contra Costa CA Transportation Authority Sales Tax Revenue   5.000%   3/1/33     6,060   7,487  
  Contra Costa CA Transportation Authority Sales Tax Revenue   5.000%   3/1/33     1,800   1,995  
  Contra Costa CA Transportation Authority Sales Tax Revenue   5.000%   3/1/34     5,665   6,977  

 

  86 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Contra Costa County CA Public Financing Authority Lease Revenue   3.000%   6/1/20     1,000   1,000  
  Contra Costa County CA Public Financing Authority Lease Revenue   5.000%   6/1/20     800   800  
  Contra Costa County CA Public Financing Authority Lease Revenue   5.000%   6/1/21     800   838  
  Contra Costa County CA Public Financing Authority Lease Revenue   5.000%   6/1/22     600   658  
  Contra Costa County CA Public Financing Authority Lease Revenue   5.000%   6/1/23     1,130   1,290  
  Contra Costa County CA Public Financing Authority Lease Revenue   5.000%   6/1/23     2,410   2,752  
  Corona-Norco CA School District Public Financing Authority Special Tax Revenue   5.000%   9/1/21     500   530  
  Corona-Norco CA School District Public Financing Authority Special Tax Revenue   5.000%   9/1/23     500   575  
  Corona-Norco CA Unified School District GO   0.000%   8/1/20 (12)   1,825   1,824  
  Corona-Norco CA Unified School District GO   0.000%   8/1/21 (12)   2,010   2,001  
  Corona-Norco CA Unified School District GO   0.000%   8/1/22 (12)   1,700   1,683  
  Corona-Norco CA Unified School District GO   0.000%   8/1/23 (12)   1,000   981  
  Corona-Norco CA Unified School District GO   0.000%   8/1/25 (12)   1,325   1,263  
  Corona-Norco CA Unified School District GO   0.000%   8/1/26 (12)   1,530   1,431  
  Corona-Norco CA Unified School District GO   0.000%   8/1/27 (12)   1,500   1,376  
  Corona-Norco CA Unified School District GO   0.000%   8/1/28 (12)   1,290   1,158  
  Corona-Norco CA Unified School District GO   5.000%   8/1/32     200   257  
  Corona-Norco CA Unified School District GO   4.000%   8/1/33     2,525   2,909  
  Corona-Norco CA Unified School District GO   4.000%   8/1/33     2,000   2,304  
  Corona-Norco CA Unified School District GO   5.000%   8/1/33     350   448  
  Corona-Norco CA Unified School District GO   4.000%   8/1/34     2,000   2,290  
  Corona-Norco CA Unified School District GO   4.000%   8/1/34     3,000   3,436  
  Corona-Norco CA Unified School District GO   4.000%   8/1/34     350   415  
  Corona-Norco CA Unified School District GO   4.000%   8/1/35     500   590  
  Corona-Norco CA Unified School District GO   4.000%   8/1/36     675   792  
  Corona-Norco CA Unified School District GO   4.000%   8/1/38     800   932  
  Corona-Norco CA Unified School District Special Tax Revenue (Community Facilities District No. 98-1)   5.000%   9/1/23     1,145   1,319  
  Corona-Norco CA Unified School District Special Tax Revenue (Community Facilities District No. 98-1)   5.000%   9/1/24     1,325   1,526  
  Corona-Norco CA Unified School District Special Tax Revenue (Community Facilities District No. 98-1)   5.000%   9/1/25     2,525   2,907  
  Corona-Norco CA Unified School District Special Tax Revenue (Community Facilities District No. 98-1)   5.000%   9/1/27     1,000   1,148  
  Corona-Norco CA Unified School District Special Tax Revenue (Community Facilities District No. 98-1)   5.000%   9/1/28     1,590   1,823  
1 Cotati-Rohnert Park CA Unified School District GO TOB VRDO   0.130%   6/1/20 (15)   14,505   14,505  
  Covina-Valley CA Unified School District GO   5.000%   8/1/23 (Prere.)   2,000   2,301  
  Covina-Valley CA Unified School District GO   5.000%   8/1/23 (Prere.)   2,250   2,589  

 

  87 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
1 Culver City CA Unified School District GO TOB VRDO   0.060%   6/1/20     11,020   11,020  
  Cupertino CA Union School District GO   5.000%   8/1/23 (Prere.)   2,835   3,262  
  Cupertino CA Union School District GO   5.000%   8/1/24 (Prere.)   100   120  
  Cupertino CA Union School District GO   5.000%   8/1/32     480   597  
  Cupertino CA Union School District GO   5.000%   8/1/33     545   677  
  Cupertino CA Union School District GO   5.000%   8/1/34     245   304  
  Davis CA Joint Unified School District Yolo County GO   3.000%   8/1/32 (15)   4,240   4,555  
  Davis CA Joint Unified School District Yolo County GO   3.000%   8/1/33 (15)   4,260   4,544  
  Davis CA Joint Unified School District Yolo County GO   3.000%   8/1/34 (15)   5,555   5,901  
  Davis CA Joint Unified School District Yolo County GO   3.000%   8/1/35 (15)   3,660   3,870  
  Davis CA Joint Unified School District Yolo County GO   3.000%   8/1/36 (15)   6,630   6,981  
  Del Mar CA Race Track Authority Revenue   4.000%   10/1/21     980   979  
  Del Mar CA Race Track Authority Revenue   5.000%   10/1/24     1,585   1,592  
  Del Mar CA Race Track Authority Revenue   5.000%   10/1/26     1,745   1,739  
  Del Mar CA Race Track Authority Revenue   5.000%   10/1/27     1,835   1,814  
  Del Mar CA Race Track Authority Revenue   5.000%   10/1/29     410   402  
  Desert Sands CA Unified School District GO   5.000%   8/1/35     1,000   1,241  
  Desert Sands CA Unified School District GO   4.000%   8/1/36     1,440   1,665  
  Desert Sands CA Unified School District GO   4.000%   8/1/37     1,500   1,730  
  Desert Sands CA Unified School District GO   4.000%   8/1/38     1,500   1,723  
  Dublin-San Ramon CA Services District Water Revenue   5.000%   8/1/26     425   539  
  Dublin-San Ramon CA Services District Water Revenue   5.000%   8/1/31     1,000   1,268  
  Dublin-San Ramon CA Services District Water Revenue   5.000%   8/1/33     1,300   1,625  
  Dublin-San Ramon CA Services District Water Revenue   5.000%   8/1/34     900   1,121  
  Dublin-San Ramon CA Services District Water Revenue   5.000%   8/1/35     670   831  
  Dublin-San Ramon CA Services District Water Revenue   5.000%   8/1/36     1,505   1,860  
  Dublin-San Ramon CA Services District Water Revenue   5.000%   8/1/37     1,100   1,355  
  East Bay CA Municipal Utility District Waste Water System Revenue   5.000%   6/1/35     8,455   10,144  
  East Bay CA Municipal Utility District Water System Revenue   5.000%   6/1/20 (Prere.)   2,005   2,005  
  East Bay CA Municipal Utility District Water System Revenue   5.000%   6/1/25     6,705   8,225  
  East Bay CA Municipal Utility District Water System Revenue   5.000%   6/1/31     3,975   4,819  
  East Bay CA Municipal Utility District Water System Revenue   5.000%   6/1/32     4,015   4,857  
  East Bay CA Municipal Utility District Water System Revenue   5.000%   6/1/34     1,855   2,233  
  East Bay CA Municipal Utility District Water System Revenue   5.000%   6/1/35     3,215   3,857  

 

  88 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  East Bay CA Municipal Utility District Water System Revenue   5.000%   6/1/35     8,170   10,170  
  East Bay CA Municipal Utility District Water System Revenue   5.000%   6/1/36     8,075   9,990  
  East Bay CA Regional Park District GO   5.000%   9/1/28     385   386  
  East Side CA Union High School District Santa Clara County GO   5.000%   8/1/22 (15)   1,500   1,653  
  East Side CA Union High School District Santa Clara County GO   5.000%   8/1/24 (15)   1,005   1,193  
  East Side CA Union High School District Santa Clara County GO   5.000%   8/1/25 (15)   1,150   1,409  
  East Side CA Union High School District Santa Clara County GO   5.000%   8/1/27 (15)   1,150   1,485  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/29 (4)   3,300   3,705  
  East Side CA Union High School District Santa Clara County GO   5.000%   8/1/29     6,070   6,886  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/30 (4)   7,255   8,073  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/31 (4)   7,945   8,754  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/32 (4)   3,000   3,284  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/33 (4)   3,000   3,267  
  East Side CA Union High School District Santa Clara County GO   4.000%   8/1/33     1,425   1,632  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/36 (4)   6,945   7,433  
  Eastern California Municipal Water District Water & Sewer   5.000%   7/1/29     2,700   3,382  
  Eastern California Municipal Water District Water & Sewer   5.000%   7/1/30     2,600   3,235  
  Eastern California Municipal Water District Water & Sewer   5.000%   7/1/31     5,055   6,260  
  Eastern California Municipal Water District Water & Sewer   5.000%   7/1/32     5,130   6,329  
  Eastern California Municipal Water District Water & Sewer   5.000%   7/1/33     5,000   6,155  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/22     1,045   1,149  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/24     1,010   1,201  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/25     1,025   1,261  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/26     1,050   1,329  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/27     2,455   3,098  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/27     300   389  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/28     1,890   2,376  

 

 

  89 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/29     3,650   4,574  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/29     300   408  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/30     350   487  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/31     2,835   3,513  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/32     2,580   3,185  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/33     3,775   4,650  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/33     775   1,053  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/34     925   1,251  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/35     4,970   6,095  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/35     550   740  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/36     2,310   2,825  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/36     1,825   2,443  
  Eastern California Municipal Water District Water & Wastewater Revenue   4.000%   7/1/38     1,650   2,012  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/40     500   597  
2 Eastern California Municipal Water District Water& Wastewater Revenue PUT, SIFMA Municipal Swap Index Yield + 0.250%   0.390%   10/1/21     12,000   11,942  
  El Camino CA Community College District GO   0.000%   8/1/29     8,085   7,282  
  El Camino CA Community College District GO   0.000%   8/1/32     10,000   8,341  
  El Camino CA Community College District GO   0.000%   8/1/33     3,500   2,839  
  El Camino CA Community College District GO   5.000%   8/1/34     1,100   1,363  
  El Camino CA Healthcare District GO   4.000%   8/1/33     3,035   3,530  
  El Dorado CA Irrigation District Revenue   5.000%   3/1/21 (4)   2,280   2,361  
  El Dorado CA Irrigation District Revenue   5.000%   3/1/28 (4)   1,500   1,763  
  El Dorado CA Irrigation District Revenue   5.000%   3/1/34 (4)   8,460   9,844  
  El Dorado CA Union High School District GO   5.000%   8/1/34 (4)   2,195   2,728  
  El Dorado CA Union High School District GO   5.000%   8/1/35 (4)   2,280   2,822  
  El Dorado County CA Community Facilities District No. 92-1 Special Tax Revenue   5.000%   9/1/21     2,000   2,118  
  El Dorado County CA Community Facilities District No. 92-1 Special Tax Revenue   4.000%   9/1/28     2,000   2,144  
  El Dorado County CA Community Facilities District No. 92-1 Special Tax Revenue   4.000%   9/1/31     700   746  
  Elk Grove CA Finance Authority Special Tax Revenue   4.000%   9/1/20     560   565  
  Elk Grove CA Finance Authority Special Tax Revenue   5.000%   9/1/21     465   491  
  Elk Grove CA Finance Authority Special Tax Revenue   5.000%   9/1/22     425   470  

 

  90 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Elk Grove CA Finance Authority Special Tax Revenue   5.000%   9/1/33 (15)   2,000   2,412  
  Elk Grove CA Finance Authority Special Tax Revenue   5.000%   9/1/34 (15)   3,970   4,770  
  Elk Grove CA Finance Authority Special Tax Revenue   5.000%   9/1/35 (15)   3,735   4,486  
  Elk Grove CA Unified School District COP   3.000%   2/1/37 (15)   700   739  
  Elk Grove CA Unified School District GO   5.000%   8/1/30     1,635   2,035  
  Elk Grove CA Unified School District GO   5.000%   8/1/31     1,940   2,409  
  Encinitas CA Community Facilities District No. 1 Special Tax Revenue   5.000%   9/1/28     1,000   1,080  
  Encinitas CA Community Facilities District No. 1 Special Tax Revenue   5.000%   9/1/29     800   863  
  Escondido CA GO   5.000%   9/1/22     765   844  
  Escondido CA GO   5.000%   9/1/23     2,030   2,326  
  Escondido CA GO   5.000%   9/1/24     825   979  
  Escondido CA GO   5.000%   9/1/25     1,000   1,224  
  Escondido CA Union High School District GO   0.000%   8/1/26 (12)   2,740   2,565  
  Evergreen CA Elementary School District GO   0.000%   8/1/26 (12)   2,200   2,076  
  Evergreen CA School District Election GO   4.000%   8/1/34     1,070   1,210  
  Evergreen CA School District Election GO   4.000%   8/1/35     335   396  
  Evergreen CA School District Election GO   4.000%   8/1/36     1,870   2,102  
  Evergreen CA School District Election GO   4.000%   8/1/37     1,050   1,232  
  Fairfield CA COP   0.000%   4/1/34 (10)   940   707  
  Fairfield-Suisun CA Unified School District GO   2.000%   8/1/34     5,195   5,284  
  Fairfield-Suisun CA Unified School District GO   2.000%   8/1/35     5,500   5,551  
  Fairfield-Suisun CA Unified School District GO   2.000%   8/1/36     5,770   5,743  
  Fairfield-Suisun CA Unified School District GO   2.000%   8/1/37     6,095   5,973  
5 Federal Home Loan Mortgage Corp. Multifamily Housing Revenue   3.050%   4/15/34     4,830   5,390  
5 Federal Home Loan Mortgage Corp. Multifamily Housing Revenue   2.350%   12/15/35     14,965   16,074  
  Folsom Ranch CA Financing Authority Special Tax Revenue   5.000%   9/1/27     1,000   1,143  
  Folsom Ranch CA Financing Authority Special Tax Revenue   5.000%   9/1/32     1,820   2,069  
  Fontana CA Community Facilities District No. 22 Special Tax Revenue (Sierra Hills South)   5.000%   9/1/26     1,725   1,941  
  Fontana CA Community Facilities District No. 22 Special Tax Revenue (Sierra Hills South)   5.000%   9/1/27     1,810   2,024  
  Fontana CA Community Facilities District No. 22 Special Tax Revenue (Sierra Hills South)   5.000%   9/1/28     1,900   2,117  
  Foothill-De Anza CA Community College District GO   0.000%   8/1/32 (14)   17,000   13,692  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue   0.000%   1/15/21 (4)   4,115   4,082  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue   0.000%   1/15/22 (4)   12,255   11,989  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue   0.000%   1/15/23 (4)   16,430   15,815  

 

  91 

 

 

 

California Intermediate-Term Tax-Exempt Fund     

 

              Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue   0.000%   1/15/24 (4)   1,880   1,776  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue   6.250%   1/15/33     5,000   5,645  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue PUT   5.500%   1/15/23     30,380   32,113  
4  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue, 5.300% coupon rate effective 1/15/2024   0.000%   1/15/29 (4)   2,000   2,234  
4 Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue, 5.500% coupon rate effective 1/15/2024   0.000%   1/15/31 (4)   1,000   1,175  
4 Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue, 5.700% coupon rate effective 1/15/2024   0.000%   1/15/25     2,130   1,986  
4  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue, 5.800% coupon rate effective 1/15/2024   0.000%   1/15/26     3,000   2,862  
4 Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue, 5.900% coupon rate effective 1/15/2024   0.000%   1/15/27     5,000   4,877  
  Franklin-McKinley CA School District GO   0.000%   8/1/32 (4)   3,000   2,276  
  Franklin-McKinley CA School District GO   0.000%   8/1/35 (4)   1,840   1,260  
5 Freddie Mac Multifamily ML Certificates 2019-ML05   3.350%   11/25/33     7,932   9,055  
  Fremont CA Public Financing Authority Revenue   4.000%   10/1/37     2,040   2,438  
  Fremont CA Public Financing Authority Revenue   4.000%   10/1/38     2,875   3,419  
  Fremont CA Unified School District GO   4.000%   8/1/29     1,070   1,200  
  Fremont CA Unified School District GO   4.000%   8/1/30     1,415   1,581  
  Fremont CA Unified School District GO   4.000%   8/1/31     1,790   1,993  
  Fremont CA Unified School District GO   4.000%   8/1/32     2,195   2,435  
  Fremont CA Unified School District GO   4.000%   8/1/33     2,630   2,908  
  Fremont CA Unified School District GO   4.000%   8/1/34     3,105   3,427  
  Fremont CA Unified School District GO   4.000%   8/1/37     570   646  
  Fremont CA Union High School District GO   4.000%   8/1/32     1,000   1,127  
  Fremont CA Union High School District GO   4.000%   8/1/34     2,085   2,342  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/21     3,750   3,899  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/22 (4)   540   587  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/23 (4)   2,610   2,921  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/24 (4)   1,710   1,976  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/25 (4)   1,600   1,906  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/26 (4)   1,650   2,016  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/27 (4)   1,315   1,646  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/28 (4)   1,495   1,859  

 

  92 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/29 (4)   1,025   1,269  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/30 (4)   745   918  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/31 (4)   3,045   3,721  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/32 (4)   1,500   1,822  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/34 (4)   2,460   2,954  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/36 (4)   2,055   2,450  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/37 (4)   1,200   1,427  
  Fullerton CA Community Facilities District No. 1 Special Tax Revenue (Amerige Heights)   5.000%   9/1/26     1,000   1,103  
  Fullerton CA Community Facilities District No. 1 Special Tax Revenue (Amerige Heights)   5.000%   9/1/32     1,600   1,751  
  Garden Grove CA Unified School District GO   5.000%   8/1/23 (Prere.)   3,650   4,162  
  Gavilan CA Joint Community College District GO   5.000%   8/1/32     4,200   5,071  
  Gilroy CA School Facilities Finance Authority Revenue   5.000%   8/1/23 (Prere.)   2,400   2,745  
  Glendale CA Electric Works Revenue   5.000%   2/1/35     1,200   1,411  
  Glendale CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Central Glendale Redevelopment Project)   4.000%   12/1/22 (15)   1,575   1,711  
  Glendale CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Central Glendale Redevelopment Project)   4.000%   12/1/23 (15)   2,340   2,617  
  Glendale CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Central Glendale Redevelopment Project)   5.000%   12/1/24 (15)   1,605   1,913  
  Glendale CA Unified School District GO   4.000%   9/1/39     20,655   22,673  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/20     1,985   1,985  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/20     3,355   3,355  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/21     1,000   1,044  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/21     2,785   2,893  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/21     555   579  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/21     5,875   6,133  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/22     3,670   3,942  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/22     10,075   10,943  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/23     8,000   8,860  
  Golden State Tobacco Securitization Corp. California Revenue   0.000%   6/1/24 (2)   4,800   4,607  

 

  93 

 

 

California Intermediate-Term Tax-Exempt Fund                    
                     
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/24     11,505   13,114  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/25     8,570   9,995  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/26     19,935   23,658  
  Golden State Tobacco Securitization Corp. California Revenue   0.000%   6/1/27 (2)   10,745   9,699  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/27     19,810   23,845  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/28     4,285   5,111  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/29     9,575   10,643  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/29     9,045   10,660  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/30     4,765   5,283  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/30     19,750   23,498  
  Golden State Tobacco Securitization Corp. California Revenue   4.000%   6/1/31     5,140   5,749  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/32     4,605   5,408  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/32     3,160   3,693  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/33     10,455   12,161  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/33     6,195   7,243  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/34     11,200   13,003  
  Golden State Tobacco Securitization Corp. California Revenue   4.000%   6/1/35     1,170   1,287  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/35     3,640   4,214  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/40     215   247  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/40 (4)   1,000   1,193  
1 Golden State Tobacco Securitization Corp. California Revenue TOB VRDO   0.240%   6/5/20 LOC   36,795   36,795  
  Grossmont CA Healthcare District GO   4.000%   7/15/40     40,000   44,150  
  Grossmont CA Union High School District GO   5.000%   8/1/22     1,275   1,401  
  Grossmont CA Union High School District GO   0.000%   2/1/25 (4)   1,400   1,345  
  Grossmont CA Union High School District GO   0.000%   8/1/26 (4)   2,040   1,840  
  Grossmont CA Union High School District GO   0.000%   8/1/27 (4)   2,825   2,433  
  Grossmont CA Union High School District GO   0.000%   8/1/27     2,345   2,116  
  Grossmont CA Union High School District GO   0.000%   8/1/28     3,210   2,833  
  Grossmont CA Union High School District GO   0.000%   8/1/28 (4)   2,905   2,383  
  Grossmont CA Union High School District GO   0.000%   8/1/29     6,965   5,978  
  Grossmont CA Union High School District GO   4.000%   8/1/33     10,000   11,330  
  Grossmont-Cuyamaca CA Community College District GO   0.000%   8/1/25 (12)   14,010   13,442  

 

  94 

 

 

California Intermediate-Term Tax-Exempt Fund                    
                       
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Grossmont-Cuyamaca CA Community College District GO   0.000%   8/1/28 (12)   21,875   19,842  
  Grossmont-Cuyamaca CA Community College District GO   5.000%   8/1/34     505   644  
  Grossmont-Cuyamaca CA Community College District GO   5.000%   8/1/35     500   635  
  Grossmont-Cuyamaca CA Community College District GO   5.000%   8/1/36     1,150   1,453  
  Grossmont-Cuyamaca CA Community College District GO   5.000%   8/1/37     1,175   1,480  
  Grossmont-Cuyamaca CA Community College District GO   5.000%   8/1/38     1,350   1,693  
  Hanford CA Joint Union High School District Revenue   5.000%   8/1/26 (4)   1,420   1,724  
  Hanford CA Joint Union High School District Revenue   5.000%   8/1/28 (4)   2,575   3,115  
  Hanford CA Joint Union High School District Revenue   5.000%   8/1/29 (4)   2,390   2,886  
  Hanford CA Joint Union High School District Revenue   5.000%   8/1/31 (4)   2,385   2,869  
  Hartnell CA Community College GO   5.000%   8/1/21     525   554  
  Hartnell CA Community College GO   5.000%   8/1/22     525   577  
  Hayward CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/27     2,000   2,429  
  Hayward CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/33     1,205   1,423  
  Hayward CA Unified School District GO   0.000%   8/1/26 (4)   640   598  
  Hayward CA Unified School District GO   5.000%   8/1/30 (4)   3,465   4,051  
  Hayward CA Unified School District GO   5.000%   8/1/30 (4)   4,930   5,764  
  Hayward CA Unified School District GO   5.000%   8/1/31 (4)   1,500   1,751  
  Hayward CA Unified School District GO   5.000%   8/1/32 (4)   4,240   4,942  
  Hayward CA Unified School District GO   5.000%   8/1/32 (4)   1,700   1,982  
  Hayward CA Unified School District GO   5.000%   8/1/33 (4)   3,045   3,544  
  Hayward CA Unified School District GO   5.000%   8/1/33 (4)   6,130   7,135  
  Hayward CA Unified School District GO   4.000%   8/1/35 (15)   1,830   2,143  
  Hayward CA Unified School District GO   4.000%   8/1/36 (15)   1,535   1,785  
  Hayward CA Unified School District GO   4.000%   8/1/37 (15)   1,355   1,570  
  Hayward CA Unified School District GO   4.000%   8/1/38 (15)   1,640   1,888  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   4.000%   9/1/20     250   252  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/21     175   183  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/22     500   539  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/23     500   555  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/24     615   700  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/25     385   442  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/27     950   1,082  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/29     1,255   1,416  

 

  95 

 

 

California Intermediate-Term Tax-Exempt Fund                
                       
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/32     550   608  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/33     580   640  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/34     360   395  
  Hollister CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/27 (15)   1,000   1,165  
  Hollister CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/28 (15)   1,235   1,435  
  Imperial CA Community College District GO   0.000%   8/1/22 (15)   175   174  
  Imperial CA Community College District GO   0.000%   8/1/23 (15)   250   245  
  Imperial CA Community College District GO   0.000%   8/1/24 (15)   500   482  
  Imperial CA Community College District GO   0.000%   8/1/25 (15)   725   687  
  Imperial CA Community College District GO   0.000%   8/1/26 (15)   1,005   932  
  Imperial CA Community College District GO   0.000%   8/1/27 (15)   1,580   1,413  
  Imperial CA Community College District GO   0.000%   8/1/28 (15)   1,885   1,618  
  Imperial CA Community College District GO   0.000%   8/1/29 (15)   2,000   1,638  
  Imperial CA Community College District GO   0.000%   8/1/30 (14)   330   269  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/20     1,000   1,020  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/21     1,000   1,068  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/22     525   579  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/22     1,250   1,380  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/23     1,500   1,716  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/24     670   792  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/24     1,025   1,211  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/25     1,310   1,592  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/26     2,265   2,823  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/27     500   613  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/28     615   752  
  Imperial CA Irrigation District Electric Revenue   4.000%   11/1/32     2,500   2,914  
  Imperial CA Irrigation District Electric Revenue   4.000%   11/1/33     3,000   3,481  
  Indian Wells CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/21 (4)   1,615   1,712  
  Indian Wells CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/22 (4)   1,195   1,315  
  Indian Wells CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/23 (4)   750   857  
  Indian Wells CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/24 (4)   655   774  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/21 (15)   515   536  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/22 (15)   405   440  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/23 (15)   1,130   1,276  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/25 (15)   1,600   1,931  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/27 (15)   500   635  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/29 (15)   1,215   1,512  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/30 (15)   1,000   1,238  

 

  96 

 

 

California Intermediate-Term Tax-Exempt Fund                  
                     
              Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Inglewood CA Unified School District GO   4.000%   8/1/22 (15)   1,100   1,183  
  Inglewood CA Unified School District GO   4.000%   8/1/23 (15)   450   499  
  Inglewood CA Unified School District GO   4.000%   8/1/24 (15)   250   285  
  Inglewood CA Unified School District GO   4.000%   8/1/25 (15)   300   350  
  Inglewood CA Unified School District GO   4.000%   8/1/27 (15)   250   302  
  Inglewood CA Unified School District GO   5.000%   8/1/28 (15)   325   412  
  Inglewood CA Unified School District GO   5.000%   8/1/29 (15)   350   441  
  Inglewood CA Unified School District GO   5.000%   8/1/30 (15)   400   500  
  Inglewood CA Unified School District GO   5.000%   8/1/33 (15)   500   613  
  Inglewood CA Unified School District GO   5.000%   8/1/34 (15)   600   733  
  Inglewood CA Unified School District GO   4.000%   8/1/35 (15)   500   574  
  Inglewood CA Unified School District GO   4.000%   8/1/37 (15)   260   297  
  Inglewood CA Unified School District GO   4.000%   8/1/38 (15)   505   575  
  Inglewood CA Unified School District GO   4.000%   8/1/39 (15)   750   851  
  Irvine CA Ranch Water District Revenue VRDO   0.040%   6/1/20 LOC   26,210   26,210  
  Irvine CA Reassessment District No. 12-1 Improvement Revenue   4.000%   9/2/20     2,425   2,447  
  Irvine CA Reassessment District No. 12-1 Improvement Revenue   4.000%   9/2/21     1,750   1,833  
  Irvine CA Reassessment District No. 12-1 Improvement Revenue   5.000%   9/2/23     400   436  
  Irvine CA Reassessment District No. 13-1 Improvement Revenue   5.000%   9/2/20     350   354  
  Irvine CA Reassessment District No. 13-1 Improvement Revenue   5.000%   9/2/22     1,125   1,234  
  Irvine CA Reassessment District No. 15-1 Improvement Revenue   5.000%   9/2/22     1,000   1,095  
  Irvine CA Reassessment District No. 15-2 Improvement Revenue   4.000%   9/2/20     750   755  
  Irvine CA Reassessment District No. 15-2 Improvement Revenue   5.000%   9/2/21     675   707  
  Irvine CA Reassessment District No. 15-2 Improvement Revenue   5.000%   9/2/22     650   703  
  Irvine CA Reassessment District No. 15-2 Improvement Revenue   5.000%   9/2/23     800   894  
  Irvine CA Reassessment District No. 15-2 Improvement Revenue   5.000%   9/2/24     850   975  
  Irvine CA Reassessment District No. 15-2 Improvement Revenue   5.000%   9/2/25     450   528  
  Irvine CA Reassessment District No. 15-2 Improvement Revenue   5.000%   9/2/26     800   927  
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   4.000%   9/2/22     220   237  
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   5.000%   9/2/23     200   229  
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   5.000%   9/2/24     200   237  
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   5.000%   9/2/25     250   305  
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   5.000%   9/2/26     300   375  
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   5.000%   9/2/27     375   481  

 

  97 

 

 

California Intermediate-Term Tax-Exempt Fund                  
                     
              Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   5.000%   9/2/28     520   682  
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   5.000%   9/2/29     500   669  
  Irvine CA Reassessment District No. 19-1 Improvement Revenue   5.000%   9/2/30     330   436  
  Irvine CA Reassessment District No. 85-7A Improvement Revenue VRDO   0.040%   6/1/20 LOC   4,100   4,100  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/21     1,500   1,570  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/23     1,150   1,284  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/24     1,225   1,407  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/26     1,300   1,558  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/27     150   183  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/28     525   637  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/29     360   454  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/30     200   250  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/30     385   463  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/31     350   434  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/31     200   239  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/32     450   533  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/32     525   622  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/33     410   500  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/33     1,090   1,281  

 

  98 

 

 

California Intermediate-Term Tax-Exempt Fund                  
                   
              Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/33     250   294  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/35     250   302  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/35     510   595  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/36     265   317  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/36     350   406  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   4.000%   9/1/37     565   618  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   4.000%   9/1/38     275   299  
  Irvine CA Unified School District Community Facilities District No. 09-1 Special Tax Revenue   4.000%   9/1/39     250   271  
  Irvine Ranch CA Water District COP   5.000%   3/1/32     3,640   4,530  
  Irvine Ranch CA Water District COP   5.000%   3/1/33     2,790   3,459  
  Irvine Ranch CA Water District COP   5.000%   3/1/34     1,300   1,606  
  Irvine Ranch CA Water District COP   5.000%   3/1/36     1,000   1,227  
  Irvine Ranch CA Water District Revenue   5.000%   2/1/33     1,000   1,242  
  Irvine Ranch CA Water District Revenue   5.000%   2/1/34     2,000   2,481  
  Irvine Ranch CA Water District Revenue   5.000%   2/1/35     2,500   3,094  
  Irvine Ranch CA Water District Revenue   5.000%   2/1/36     2,665   3,289  
  Jefferson CA Union High School District GO   5.000%   8/1/21 (15)   500   528  
  Jefferson CA Union High School District GO   5.000%   8/1/22 (15)   700   770  
  Jefferson CA Union High School District GO   5.000%   8/1/23 (15)   1,035   1,184  
  Jefferson CA Union High School District GO   5.000%   8/1/24 (15)   875   1,037  
  Jefferson CA Union High School District GO   5.000%   8/1/25 (15)   880   1,077  
3 Jefferson CA Union High School District GO   4.000%   8/1/33     200   234  
3 Jefferson CA Union High School District GO   4.000%   8/1/34     125   146  
3 Jefferson CA Union High School District GO   3.000%   8/1/35     150   160  
3 Jefferson CA Union High School District GO   3.000%   8/1/36     250   266  
3 Jefferson CA Union High School District GO   3.000%   8/1/37     275   291  
3 Jefferson CA Union High School District GO   4.000%   8/1/38     365   419  
3 Jefferson CA Union High School District GO   4.000%   8/1/39     400   458  
3 Jefferson CA Union High School District GO   4.000%   8/1/40     300   343  
  Jurupa CA Public Financing Authority Special Tax Revenue   4.000%   9/1/20     1,385   1,398  
  Jurupa CA Public Financing Authority Special Tax Revenue   5.000%   9/1/21     500   529  
  Jurupa CA Public Financing Authority Special Tax Revenue   5.000%   9/1/22     1,535   1,677  
  Jurupa CA Public Financing Authority Special Tax Revenue   5.000%   9/1/23     1,365   1,543  

 

  99 

 

 

 

California Intermediate-Term Tax-Exempt Fund

 
                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Jurupa CA Public Financing Authority Special Tax Revenue   5.000%   9/1/24     620   722  
  Jurupa CA Public Financing Authority Special Tax Revenue   5.000%   9/1/25     1,725   2,063  
  Kaweah CA Delta Health Care District Revenue   5.000%   6/1/20     1,585   1,585  
  Kaweah CA Delta Health Care District Revenue   5.000%   6/1/21     3,755   3,927  
  Kaweah CA Delta Health Care District Revenue   5.000%   6/1/22     3,950   4,257  
  Kaweah CA Delta Health Care District Revenue   4.000%   6/1/36     4,930   5,332  
  Kern CA Community College District GO   0.000%   11/1/27 (14)   7,375   6,723  
  La Canada CA Unified School District GO   4.000%   8/1/22     275   296  
  La Canada CA Unified School District GO   4.000%   8/1/23     250   277  
  La Canada CA Unified School District GO   4.000%   8/1/24     215   245  
  La Canada CA Unified School District GO   4.000%   8/1/33     510   602  
  La Canada CA Unified School District GO   4.000%   8/1/38     1,030   1,193  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/23     750   854  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/24     1,250   1,420  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/25     1,250   1,416  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/28     1,000   1,164  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/29     1,000   1,160  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/30     1,500   1,660  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/31     6,595   7,279  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/32     1,515   1,739  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/32 (4)   5,200   5,828  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/34     1,050   1,199  
  La Verne CA (Brethren Hillcrest Homes) COP   5.000%   5/15/23     300   308  
  La Verne CA (Brethren Hillcrest Homes) COP   5.000%   5/15/24     310   318  
  La Verne CA (Brethren Hillcrest Homes) COP   5.000%   5/15/25     550   563  
  La Verne CA (Brethren Hillcrest Homes) COP   5.000%   5/15/29     750   759  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   3.000%   8/1/20     750   754  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   4.000%   8/1/21     690   720  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/22     590   640  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/23 (4)   435   496  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/24 (4)   435   513  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/25 (4)   600   729  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   4.000%   8/1/26 (4)   1,355   1,607  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   4.000%   8/1/27 (4)   2,100   2,458  

 

  100 

 

 

California Intermediate-Term Tax-Exempt Fund

 
                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   4.000%   8/1/28 (4)   1,850   2,158  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/29 (4)   890   1,084  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/30 (4)   1,000   1,212  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/33 (4)   1,200   1,433  
  Lee Lake CA Public Financing Authority Revenue   5.000%   9/1/21     1,810   1,917  
  Lee Lake CA Public Financing Authority Revenue   5.000%   9/1/23     2,190   2,473  
  Liberty CA Union High School District GO   4.000%   8/1/30     750   902  
  Liberty CA Union High School District GO   4.000%   8/1/31     565   676  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   4.000%   9/1/21     650   681  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   4.000%   9/1/22     450   484  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   4.000%   9/1/23     450   499  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   4.000%   9/1/24     600   681  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/25     550   665  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/26 (4)   1,000   1,240  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/27 (4)   1,025   1,302  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/28 (4)   1,270   1,644  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/29 (4)   2,540   3,268  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/30 (4)   3,300   4,190  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/31 (4)   3,415   4,293  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   3.125%   9/1/33 (4)   2,495   2,701  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/33 (4)   1,625   2,011  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   3.250%   9/1/34 (4)   1,375   1,491  
  Livermore Valley CA Joint Unified School District GO   5.000%   8/1/21     1,000   1,055  
  Livermore Valley CA Joint Unified School District GO   5.000%   8/1/22     1,075   1,180  
  Livermore Valley CA Joint Unified School District GO   5.000%   8/1/23     1,155   1,316  
  Livermore Valley CA Joint Unified School District GO   5.000%   8/1/24     1,240   1,459  
  Livermore Valley CA Joint Unified School District GO   5.000%   8/1/25     1,180   1,431  
  Livermore Valley CA Joint Unified School District GO   4.000%   8/1/30     435   507  

 

  101 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Livermore Valley CA Joint Unified School District GO   4.000%   8/1/32     350   403  
  Livermore Valley CA Joint Unified School District GO   4.000%   8/1/34     650   742  
  Livermore Valley CA Water Financing Authority Revenue   5.000%   7/1/29     500   644  
  Livermore Valley CA Water Financing Authority Revenue   5.000%   7/1/31     575   728  
  Livermore Valley CA Water Financing Authority Revenue   5.000%   7/1/32     700   878  
  Livermore Valley CA Water Financing Authority Revenue   5.000%   7/1/33     700   873  
  Livermore Valley CA Water Financing Authority Revenue   5.000%   7/1/35     600   743  
  Lodi CA Public Financing Authority Electric Revenue   5.000%   9/1/22 (4)   1,000   1,108  
  Lodi CA Public Financing Authority Electric Revenue   5.000%   9/1/25 (4)   1,335   1,650  
  Lodi CA Public Financing Authority Electric Revenue   5.000%   9/1/28 (4)   1,330   1,782  
  Lodi CA Public Financing Authority Electric Revenue   5.000%   9/1/29 (4)   700   928  
  Lodi CA Unified School District GO   4.000%   8/1/37     2,700   3,094  
  Long Beach CA Community College District GO   0.000%   6/1/29 (ETM)   960   863  
  Long Beach CA Community College District GO   0.000%   6/1/29 (4)   5,420   4,789  
  Long Beach CA Community College District GO   4.000%   8/1/31     1,230   1,463  
  Long Beach CA Community College District GO   4.000%   8/1/33     400   478  
  Long Beach CA Community College District GO   4.000%   8/1/33     760   893  
  Long Beach CA Community College District GO   4.000%   8/1/34     600   702  
  Long Beach CA Community College District GO   4.000%   8/1/35     670   794  
  Long Beach CA Community College District GO   3.000%   8/1/36     1,380   1,489  
  Long Beach CA Community College District GO   3.000%   8/1/37     2,860   3,077  
  Long Beach CA Community College District GO   3.000%   8/1/38     3,160   3,377  
  Long Beach CA Community College District GO   3.000%   8/1/39     3,395   3,618  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.250%   11/15/20     3,330   3,390  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.250%   11/15/21     500   528  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.250%   11/15/22     260   284  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.000%   11/15/24     8,060   9,252  

 

  102 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.500%   11/15/30     1,175   1,548  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.500%   11/15/32     3,270   4,396  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.000%   11/15/35     560   739  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.500%   11/15/37     8,345   11,762  
2 Long Beach CA Finance Authority Natural Gas Purchase Revenue, 67% of 3M USD LIBOR + 1.410%   1.673%   11/15/25     16,845   16,300  
2 Long Beach CA Finance Authority Natural Gas Purchase Revenue, 67% of 3M USD LIBOR + 1.430%   1.693%   11/15/26     10,025   9,623  
  Long Beach CA Harbor Revenue   5.000%   5/15/33     1,000   1,177  
  Long Beach CA Harbor Revenue   5.000%   5/15/34     2,000   2,350  
  Long Beach CA Harbor Revenue   5.000%   5/15/35     2,825   3,313  
  Long Beach CA Harbor Revenue   5.000%   5/15/38     1,225   1,543  
  Long Beach CA Unified School District GO   0.000%   8/1/25 (12)   1,595   1,508  
  Long Beach CA Unified School District GO   0.000%   8/1/26 (12)   1,450   1,343  
  Long Beach CA Unified School District GO   0.000%   8/1/27     2,500   2,161  
  Long Beach CA Unified School District GO   5.000%   8/1/30     5,000   5,482  
  Long Beach CA Unified School District GO   4.000%   8/1/32     1,000   1,216  
  Long Beach CA Unified School District GO   3.000%   8/1/34     550   607  
  Long Beach CA Unified School District GO   3.000%   8/1/35     1,140   1,251  
  Long Beach CA Unified School District GO   3.000%   8/1/36     2,080   2,254  
  Long Beach CA Unified School District GO   3.000%   8/1/39     2,840   3,011  
  Long Beach CA Unified School District GO   3.000%   8/1/40     3,105   3,274  
  Los Alamitos CA Unified School District No. 1 GO   3.000%   8/1/36     1,145   1,236  
  Los Alamitos CA Unified School District No. 1 GO   3.000%   8/1/37     1,260   1,355  
  Los Angeles CA Community College District GO   4.000%   8/1/21     555   580  
  Los Angeles CA Community College District GO   5.000%   8/1/22     3,155   3,486  
  Los Angeles CA Community College District GO   5.000%   8/1/25     25   31  
  Los Angeles CA Community College District GO   5.000%   8/1/28     37,345   44,357  
  Los Angeles CA Community College District GO   5.000%   8/1/29     12,860   15,228  
  Los Angeles CA Community College District GO   4.000%   8/1/30     1,000   1,095  
  Los Angeles CA Community College District GO   4.000%   8/1/30     4,075   4,593  
  Los Angeles CA Community College District GO   5.000%   8/1/30     8,840   10,436  
  Los Angeles CA Community College District GO   4.000%   8/1/31     6,145   6,709  
  Los Angeles CA Community College District GO   4.000%   8/1/31     4,320   4,844  
  Los Angeles CA Community College District GO   4.000%   8/1/31     8,575   10,209  

 

  103 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles CA Community College District GO   5.000%   8/1/31     37,455   44,064  
  Los Angeles CA Community College District GO   4.000%   8/1/32     5,205   5,805  
  Los Angeles CA Community College District GO   4.000%   8/1/32     14,500   16,171  
  Los Angeles CA Community College District GO   4.000%   8/1/33     19,215   21,363  
  Los Angeles CA Community College District GO   4.000%   8/1/33     1,925   2,254  
  Los Angeles CA Community College District GO   4.000%   8/1/34     3,500   4,086  
  Los Angeles CA Community College District GO   4.000%   8/1/35     14,150   16,148  
  Los Angeles CA Community College District GO   4.000%   8/1/35     4,000   4,651  
  Los Angeles CA Community College District GO   4.000%   8/1/36     10,010   11,387  
  Los Angeles CA Community College District GO   4.000%   8/1/36     4,900   5,677  
  Los Angeles CA Community College District GO   5.000%   8/1/36     8,840   10,782  
  Los Angeles CA Community College District GO   4.000%   8/1/37     10,000   11,346  
  Los Angeles CA Community College District GO   4.000%   8/1/37     6,500   7,509  
  Los Angeles CA Community College District GO   4.000%   8/1/37     1,025   1,163  
  Los Angeles CA Community College District GO   4.000%   8/1/37     10,000   10,776  
  Los Angeles CA Community College District GO   4.000%   8/1/38     19,360   21,916  
  Los Angeles CA Community College District GO   4.000%   8/1/39     9,000   10,168  
  Los Angeles CA Community Facilities District No.4 Special Tax Revenue (Playa Vista - Phase 1)   5.000%   9/1/23     855   984  
  Los Angeles CA Community Facilities District No.4 Special Tax Revenue (Playa Vista - Phase 1)   5.000%   9/1/24     985   1,176  
  Los Angeles CA Community Facilities District No.4 Special Tax Revenue (Playa Vista - Phase 1)   5.000%   9/1/25     1,475   1,757  
  Los Angeles CA Community Facilities District No.4 Special Tax Revenue (Playa Vista - Phase 1)   5.000%   9/1/26     1,185   1,405  
  Los Angeles CA Community Facilities District No.4 Special Tax Revenue (Playa Vista - Phase 1)   5.000%   9/1/27     1,965   2,323  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/22     1,035   1,123  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/23     1,420   1,535  

 

  104 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/23     1,000   1,125  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/24     1,700   1,837  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/25     1,500   1,620  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/25     1,345   1,612  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/26     375   461  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/26     1,535   1,825  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/27     2,020   2,391  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/28     2,000   2,355  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/29     4,385   4,427  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/29     1,115   1,235  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/30     1,835   1,853  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/30     1,200   1,328  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/30     675   835  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/31     330   425  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/31     1,190   1,316  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/32     1,700   1,878  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/33     1,510   1,667  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/33     1,800   2,186  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/34     4,135   4,560  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/34     4,750   5,509  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/34     1,955   2,368  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/35     2,000   2,316  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/35     1,850   2,232  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/36     2,750   3,402  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/36     2,270   2,729  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/37     3,000   3,699  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/37     2,500   2,997  

 

  105 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/38     3,145   3,877  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/39     2,500   3,073  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/40     1,805   2,069  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/32     6,500   8,407  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/33     8,510   10,930  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/33     110   128  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/33     110   138  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/34     4,500   5,760  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/35     7,500   9,553  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/36     14,000   17,747  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/36     3,000   3,750  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/37     8,180   10,331  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/38     5,800   7,324  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/39     12,000   15,107  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/21 (Prere.)   140   147  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/22     2,630   2,892  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/22     9,985   10,503  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/22     1,060   1,166  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/23     5,605   6,161  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/24     1,020   1,211  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/24     3,025   3,598  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/25     520   638  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/25     1,395   1,716  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/25     10,100   11,306  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/26     750   931  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/26     1,755   2,183  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/26     6,060   7,538  

 

  106 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/26     1,500   1,646  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/26     4,800   5,368  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/28     8,030   9,631  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/29     1,500   1,736  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/30     965   1,188  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/30     3,825   4,572  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/30     10,000   11,546  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/30     2,065   2,428  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/31     10,010   12,564  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/31     450   553  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/31     15,035   17,026  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/31     7,000   8,074  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/31     2,500   2,937  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/31     4,690   5,517  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/31     2,625   3,377  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     7,750   9,195  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     14,320   16,169  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     7,000   7,913  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     6,730   7,739  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     3,300   3,862  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     6,080   7,126  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     2,190   2,799  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     1,590   1,934  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     5,525   6,733  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     5,000   5,638  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     1,055   1,340  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     31,480   37,224  

 

  107 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/34     35,250   41,612  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/34     4,500   5,473  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/34     2,000   2,333  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/34     5,305   6,201  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/34     12,005   14,006  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/34     1,540   1,950  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/34     20,755   26,631  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/35     1,565   1,894  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/35     2,250   2,728  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/35     2,000   2,522  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/35     6,510   8,317  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     1,050   1,266  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     4,000   4,930  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     20,525   25,787  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     1,545   1,862  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     3,050   3,881  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     1,455   1,757  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/37     5,000   6,143  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/37     25,260   31,640  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/38     5,000   6,246  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/38     1,460   1,867  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/39     3,125   3,617  
1 Los Angeles CA Department of Water & Power Revenue TOB VRDO   0.290%   6/5/20     7,250   7,250  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     34,185   34,185  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     6,000   6,000  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     6,900   6,900  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     6,000   6,000  

 

  108 

 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles CA Department of Water & Power Revenue VRDO   0.050%   6/1/20     7,600   7,600  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.050%   6/1/20     9,000   9,000  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.060%   6/1/20     2,800   2,800  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.050%   6/5/20     9,650   9,650  
  Los Angeles CA Department of Water & Power System Revenue   5.000%   7/1/35     38,460   45,269  
  Los Angeles CA GO   5.000%   9/1/22     10,010   10,604  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/20     500   504  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/21     750   789  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/25     3,795   3,990  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/30     4,045   4,976  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/31     2,560   3,144  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/32     4,330   5,300  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/33     2,560   2,985  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/33     3,515   4,295  
  Los Angeles CA Harbor Department Revenue   4.000%   8/1/34     3,000   3,398  
  Los Angeles CA Harbor Department Revenue   4.000%   8/1/35     2,685   3,030  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/35     1,925   2,235  
  Los Angeles CA Harbor Department Revenue   4.000%   8/1/36     2,520   2,834  
  Los Angeles CA Harbor Department Revenue   5.000%   8/1/36     1,985   2,300  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   4.000%   7/1/31     7,825   8,786  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   4.000%   7/1/32     8,140   9,104  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   4.000%   7/1/33     8,465   9,430  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/37     6,190   7,824  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/38     6,225   7,834  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/24     6,275   7,393  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   4.000%   11/1/25     140   162  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/25     5,000   6,044  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/25     8,140   9,840  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/25     1,860   2,149  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/26     3,095   3,825  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/26     10,210   11,786  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/27     8,475   10,432  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/27     10,720   12,356  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/27     2,865   3,302  

 

  109 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/28     8,255   9,495  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/28     2,645   3,042  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/29     9,805   11,972  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/29     2,565   2,943  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/30     2,500   2,859  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   4.000%   11/1/33     10,410   11,935  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   4.000%   11/1/34     6,170   7,029  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/34     3,055   3,457  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   4.000%   11/1/35     28,255   32,075  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/35     2,410   2,720  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   4.000%   11/1/36     6,380   7,212  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/36     9,590   11,407  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/36     2,725   3,070  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/37     5,010   5,637  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/38     4,000   4,494  
  Los Angeles CA Unified School District GO   4.000%   7/1/21     1,000   1,040  
  Los Angeles CA Unified School District GO   5.000%   7/1/21     8,750   9,197  
  Los Angeles CA Unified School District GO   5.000%   7/1/21     2,940   3,090  
  Los Angeles CA Unified School District GO   3.000%   7/1/22     1,595   1,685  
  Los Angeles CA Unified School District GO   4.000%   7/1/22     18,320   19,734  
  Los Angeles CA Unified School District GO   4.000%   7/1/22     1,100   1,185  
  Los Angeles CA Unified School District GO   5.000%   7/1/22     13,000   14,273  
  Los Angeles CA Unified School District GO   3.000%   7/1/23     1,550   1,677  
  Los Angeles CA Unified School District GO   4.000%   7/1/23     425   473  
  Los Angeles CA Unified School District GO   5.000%   7/1/23     7,185   8,212  
  Los Angeles CA Unified School District GO   5.000%   7/1/23     3,860   4,412  
  Los Angeles CA Unified School District GO   5.000%   7/1/23     6,905   7,892  
  Los Angeles CA Unified School District GO   5.000%   7/1/23     7,275   8,315  
  Los Angeles CA Unified School District GO   4.000%   7/1/24     9,000   10,308  
  Los Angeles CA Unified School District GO   5.000%   7/1/24     11,000   13,043  
  Los Angeles CA Unified School District GO   5.000%   7/1/24     4,010   4,205  
  Los Angeles CA Unified School District GO   5.000%   7/1/24     1,075   1,275  
  Los Angeles CA Unified School District GO   5.000%   7/1/24     13,105   15,539  
  Los Angeles CA Unified School District GO   5.000%   7/1/24     3,430   3,597  
  Los Angeles CA Unified School District GO   5.000%   7/1/24     17,285   20,495  
  Los Angeles CA Unified School District GO   5.000%   7/1/24     4,000   4,743  
  Los Angeles CA Unified School District GO   5.000%   7/1/24     2,810   3,332  
  Los Angeles CA Unified School District GO   5.000%   7/1/25     6,010   6,299  
  Los Angeles CA Unified School District GO   5.000%   7/1/25     21,505   26,194  

 

  110 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles CA Unified School District GO   5.000%   7/1/25     505   595  
  Los Angeles CA Unified School District GO   5.000%   7/1/25     1,510   1,778  
  Los Angeles CA Unified School District GO   5.000%   7/1/26     2,500   2,619  
  Los Angeles CA Unified School District GO   5.000%   7/1/26     16,270   20,301  
  Los Angeles CA Unified School District GO   5.000%   7/1/26     25,875   32,285  
  Los Angeles CA Unified School District GO   5.000%   7/1/27     8,375   9,133  
  Los Angeles CA Unified School District GO   5.000%   1/1/28     8,395   9,151  
  Los Angeles CA Unified School District GO   5.000%   7/1/28     2,600   2,722  
  Los Angeles CA Unified School District GO   5.000%   7/1/28     34,670   40,404  
  Los Angeles CA Unified School District GO   5.000%   7/1/29     2,500   2,617  
  Los Angeles CA Unified School District GO   5.000%   7/1/29     34,760   40,448  
  Los Angeles CA Unified School District GO   5.000%   7/1/30     3,015   3,155  
  Los Angeles CA Unified School District GO   5.000%   7/1/30     1,985   2,378  
  Los Angeles CA Unified School District GO   5.000%   7/1/30     24,615   28,579  
  Los Angeles CA Unified School District GO   5.000%   7/1/31     3,000   3,139  
  Los Angeles CA Unified School District GO   4.000%   7/1/33     2,130   2,397  
  Los Angeles CA Unified School District GO   4.000%   7/1/37     6,190   7,411  
  Los Angeles CA Unified School District GO   4.000%   7/1/38     3,925   4,666  
  Los Angeles CA Unified School District GO   4.000%   7/1/39     4,000   4,740  
  Los Angeles CA Unified School District GO   4.000%   7/1/40     2,275   2,685  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/21     2,110   2,212  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/22     2,750   3,010  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/23     1,760   2,008  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/26     13,090   14,308  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/29     10,000   10,918  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/31     5,420   6,113  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/32     10,880   12,253  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/33     1,525   1,832  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/33     5,000   6,007  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/33     16,925   19,040  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/33     4,500   5,407  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/34     5,000   5,618  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/34     2,355   2,948  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/35     4,500   5,051  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/35     2,840   3,542  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/35     2,985   3,722  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/36     3,000   3,723  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/36     6,250   7,756  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/37     7,000   8,662  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/37     3,675   4,547  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/37     4,050   5,117  
  Los Angeles County CA Metropolitan Transportation Authority Revenue (Union Station Gateway Project)   5.000%   7/1/25     1,055   1,295  
  Los Angeles County CA Metropolitan Transportation Authority Revenue (Union Station Gateway Project)   5.000%   7/1/26     2,000   2,450  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/22     2,895   3,191  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/24     1,255   1,383  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/24     4,000   4,766  

 

 

  111 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/25     6,065   7,459  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/33     5,000   6,258  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/33     8,585   9,736  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   4.000%   6/1/34     6,540   7,473  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/34     5,000   6,241  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/34     8,985   10,178  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   6/1/35     10,070   12,246  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/35     5,000   6,217  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   6/1/36     10,000   12,116  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/36     5,000   6,194  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/38     890   1,097  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/21     2,440   2,607  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   8/1/22     1,155   1,268  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/22     1,275   1,414  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   8/1/23     1,500   1,647  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   8/1/24     1,515   1,663  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/24     1,325   1,571  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   8/1/25     1,325   1,454  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/25     970   1,183  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   8/1/30     2,500   2,734  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/30     1,000   1,337  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/30     780   1,043  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   8/1/31     3,000   3,277  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/31     1,700   2,246  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/31     820   1,083  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/32     865   1,130  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/33     6,190   7,394  

 

  112 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/33     2,000   2,586  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/33     910   1,177  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/34     2,000   2,566  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/34     955   1,225  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/35     2,000   2,545  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/35     1,005   1,279  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/36     2,090   2,640  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/36     1,055   1,333  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/37     3,745   4,700  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/37     1,110   1,393  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/38     3,925   4,895  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/38     1,165   1,453  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/39     4,345   5,388  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/39     1,225   1,519  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/40     8,770   10,787  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/40     1,290   1,587  
1 Los Angeles County CA Public Works Financing Authority Lease Revenue TOB VRDO   0.180%   6/5/20     2,750   2,750  
  Los Angeles County CA Redevelopment Authority Tax Allocation Revenue (Hollywood/ North Hollywood Redevelopment Project)   5.000%   7/1/21     1,670   1,757  
  Los Angeles County CA Redevelopment Authority Tax Allocation Revenue (Hollywood/ North Hollywood Redevelopment Project)   5.000%   7/1/22     4,555   4,964  
  Los Angeles County CA Redevelopment Authority Tax Allocation Revenue (Hollywood/ North Hollywood Redevelopment Project)   5.000%   7/1/23     2,105   2,380  
  Los Angeles County CA Redevelopment Authority Tax Allocation Revenue (Hollywood/ North Hollywood Redevelopment Project)   5.000%   7/1/24     2,215   2,499  
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/20     1,000   1,016  
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/29     1,470   1,808  
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/30     3,060   3,754  

 

  113 

 

 

California Intermediate-Term Tax-Exempt Fund

 
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/31     4,300   5,265  
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/32     7,225   8,833  
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/33     8,350   10,189  
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/34     7,100   8,647  
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/35     3,790   4,605  
  Los Angeles County CA School District GO   5.000%   7/1/31 (15)   15,775   20,098  
  Los Angeles County CA School District GO   5.000%   7/1/32 (15)   3,000   3,796  
  Los Angeles County CA School District GO   5.000%   7/1/33 (15)   5,080   6,394  
  Los Angeles County CA School District GO   5.000%   7/1/34 (15)   10,000   12,550  
  Los Angeles County CA School District GO   5.000%   7/1/35 (15)   10,000   12,498  
  Los Angeles County CA School District GO   5.000%   7/1/36 (15)   5,600   6,972  
  Los Angeles County CA School District GO   5.000%   7/1/37 (15)   5,870   7,286  
  Los Angeles County CA School District GO   5.000%   7/1/38 (15)   5,120   6,338  
  Los Angeles County CA Unified School District GO   5.000%   7/1/21     12,500   13,139  
  Los Angeles County CA Unified School District GO   5.000%   7/1/30     1,150   1,414  
  Los Angeles County CA Unified School District GO   5.000%   7/1/30     9,750   12,962  
  Los Angeles County CA Unified School District GO   3.000%   1/1/34     17,750   19,426  
  Los Angeles County Facilities Inc. Lease Revenue   5.000%   12/1/36     1,440   1,818  
  Los Angeles County Facilities Inc. Lease Revenue   5.000%   12/1/37     1,335   1,680  
  Los Rios CA Community College District GO   5.000%   8/1/24     500   592  
  Los Rios CA Community College District GO   5.000%   8/1/25     500   611  
  Los Rios CA Community College District GO   5.000%   8/1/26     1,410   1,770  
  Los Rios CA Community College District GO   5.000%   8/1/27     1,100   1,418  
  Los Rios CA Community College District GO   5.000%   8/1/30     1,140   1,450  
  Los Rios CA Community College District GO   4.000%   8/1/31     3,070   3,671  
  Los Rios CA Community College District GO   4.000%   8/1/32     3,135   3,720  
  Los Rios CA Community College District GO   4.000%   8/1/33     3,145   3,694  
  Los Rios CA Community College District GO   4.000%   8/1/33     1,010   1,093  
  Los Rios CA Community College District GO   4.000%   8/1/35     250   291  
  Los Rios CA Community College District GO   4.000%   8/1/35     3,750   4,358  
  Los Rios CA Community College District GO   4.000%   8/1/36     700   809  
  Los Rios CA Community College District GO   4.000%   8/1/37     525   605  
  Los Rios CA Community College District GO   4.000%   8/1/38     610   701  
  M-S-R California Energy Authority Revenue   6.125%   11/1/29     690   862  
  M-S-R California Energy Authority Revenue   7.000%   11/1/34     12,890   18,870  
  M-S-R California Energy Authority Revenue   7.000%   11/1/34     10,100   14,786  
  M-S-R California Energy Authority Revenue   7.000%   11/1/34     11,265   16,491  
  M-S-R California Energy Authority Revenue   6.500%   11/1/39     10,370   15,513  
  M-S-R California Energy Authority Revenue   6.500%   11/1/39     11,670   17,458  
  M-S-R California Energy Authority Revenue   6.500%   11/1/39     9,445   14,129  
  M-S-R California Public Power Agency Revenue (San Juan Project)   5.000%   7/1/21     5,020   5,282  

 

  114 

 

  

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  M-S-R California Public Power Agency Revenue (San Juan Project)   5.000%   7/1/22     9,025   9,893  
  Manhattan Beach CA Unified School District GO   0.000%   9/1/26 (14)   2,160   2,016  
  Manteca CA Redevelopment Agency Tax Allocation Revenue   4.000%   10/1/27 (15)   265   321  
  Manteca CA Redevelopment Agency Tax Allocation Revenue   4.000%   10/1/28 (15)   375   463  
  Manteca CA Redevelopment Agency Tax Allocation Revenue   4.000%   10/1/29 (15)   350   437  
  Manteca CA Redevelopment Agency Tax Allocation Revenue   4.000%   10/1/30 (15)   325   407  
  Manteca CA Redevelopment Agency Tax Allocation Revenue   4.000%   10/1/32 (15)   550   677  
  Manteca CA Redevelopment Agency Tax Allocation Revenue   4.000%   10/1/39 (15)   1,110   1,321  
  Manteca CA Unified School District GO   5.000%   8/1/21     1,000   1,056  
  Manteca CA Unified School District GO   5.000%   8/1/22     1,000   1,097  
  Manteca CA Unified School District GO   5.000%   8/1/23     1,130   1,287  
  Marin CA Community College District GO   5.000%   8/1/23     550   632  
  Marin CA Community College District GO   5.000%   8/1/24     445   531  
  Marin CA Community College District GO   5.000%   8/1/25     605   746  
  Marin CA Community College District GO   4.000%   8/1/29     450   550  
  Marin CA Community College District GO   4.000%   8/1/30     800   971  
  Marin CA Community College District GO   4.000%   8/1/31     7,660   9,189  
  Marin CA Community College District GO   4.000%   8/1/32     1,000   1,157  
  Marin CA Community College District GO   4.000%   8/1/32     2,945   3,494  
  Marin CA Community College District GO   4.000%   8/1/33     1,900   2,232  
  Marin CA Community College District GO   4.000%   8/1/34     1,000   1,145  
  Marin CA Community College District GO   4.000%   8/1/34     3,030   3,537  
  Marin CA Community College District GO   4.000%   8/1/36     665   756  
  Marin CA Healthcare District GO   5.000%   8/1/28     435   529  
  Marin CA Healthcare District GO   5.000%   8/1/30     500   603  
  Marin CA Healthcare District GO   5.000%   8/1/31     1,000   1,202  
  Marin CA Healthcare District GO   5.000%   8/1/32     1,850   2,214  
  Marin CA Healthcare District GO   5.000%   8/1/33     1,350   1,610  
  Marin CA Healthcare District GO   5.000%   8/1/34     1,275   1,517  
  Marin CA Healthcare District GO   4.000%   8/1/35     1,750   1,952  
  Marin CA Healthcare District GO   4.000%   8/1/40     12,000   13,254  
  Marin CA Municipal Water District Financing Authority Water Revenue   5.000%   7/1/44     6,000   6,588  
  Marina Coast Water District California Enterprise Revenue   4.000%   6/1/22     1,090   1,173  
  Marysville CA Revenue (Fremont-Rideout Health Group)   5.250%   1/1/21 (Prere.)   1,780   1,832  
  Marysville CA Revenue (Fremont-Rideout Health Group)   5.250%   1/1/21 (Prere.)   2,730   2,809  
  Marysville CA Revenue (Fremont-Rideout Health Group)   5.250%   1/1/21 (Prere.)   1,500   1,544  
  Menlo Park CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/20     400   406  

 

  115 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•
      Coupon   Date     ($000 ) ($000 )
  Menlo Park CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/21 (4)   615   654  
  Menlo Park CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/22 (4)   520   574  
  Menlo Park CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/26 (4)   1,000   1,215  
  Menlo Park CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/27 (4)   1,250   1,510  
  Menlo Park CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/29 (4)   400   480  
3 Mesa CA Water District COP   5.000%   3/15/28     375   496  
3 Mesa CA Water District COP   5.000%   3/15/29     250   338  
3 Mesa CA Water District COP   5.000%   3/15/30     405   558  
3 Mesa CA Water District COP   5.000%   3/15/31     250   342  
3 Mesa CA Water District COP   5.000%   3/15/32     350   474  
3 Mesa CA Water District COP   5.000%   3/15/33     350   470  
3 Mesa CA Water District COP   5.000%   3/15/34     350   467  
3 Mesa CA Water District COP   5.000%   3/15/35     400   531  
3 Mesa CA Water District COP   5.000%   3/15/36     535   707  
3 Mesa CA Water District COP   5.000%   3/15/37     800   1,051  
3 Mesa CA Water District COP   3.000%   3/15/38     1,200   1,295  
3 Mesa CA Water District COP   4.000%   3/15/39     770   915  
  Metropolitan Water District of Southern California Revenue   5.000%   7/1/21     2,780   2,926  
  Metropolitan Water District of Southern California Revenue   5.000%   7/1/23     1,055   1,210  
  Metropolitan Water District of Southern California Revenue   5.000%   7/1/26     3,325   4,089  
  Metropolitan Water District of Southern California Revenue   5.000%   7/1/30     2,150   2,359  
  Metropolitan Water District of Southern California Revenue   5.000%   10/1/30     3,585   3,890  
  Metropolitan Water District of Southern California Revenue   5.000%   7/1/31     2,250   2,467  
  Metropolitan Water District of Southern California Revenue   5.000%   10/1/34     1,690   2,265  
  Metropolitan Water District of Southern California Revenue   5.000%   10/1/35     1,500   2,001  
  Metropolitan Water District of Southern California Revenue   5.000%   10/1/37     1,600   2,114  
  Metropolitan Water District of Southern California Revenue   5.000%   10/1/38     1,870   2,461  
  Metropolitan Water District of Southern California Revenue   5.000%   10/1/39     1,750   2,297  
  Metropolitan Water District of Southern California Revenue   5.000%   10/1/40     1,750   2,290  
  Modesto CA Community Facilities District No. 2004-1 Special Tax Revenue (Village One No. 2)   5.000%   9/1/29     1,570   1,794  

 

 

  116 

 

 

  

California Intermediate-Term Tax-Exempt Fund

 

            Face  Market 
        Maturity   Amount  Value• 
     Coupon  Date   ($000)  ($000)
  Modesto CA Community Facilities District No. 2004-1 Special Tax Revenue (Village One No. 2)  5.000%  9/1/30   1,700  1,936 
  Modesto CA High School District Stanislaus County GO  0.000%  8/1/26(14)  5,000  4,635 
  Modesto CA Irrigation District Electric Revenue  5.000%  7/1/21   1,000  1,053 
  Modesto CA Irrigation District Electric Revenue  5.000%  7/1/22   1,025  1,123 
  Modesto CA Irrigation District Financing Authority Electric Revenue  5.000%  10/1/31   1,475  1,763 
  Modesto CA Irrigation District Financing Authority Electric Revenue  5.000%  10/1/31   1,840  2,200 
  Modesto CA Irrigation District Financing Authority Electric Revenue  5.000%  10/1/36   1,685  2,101 
  Modesto CA Irrigation District Financing Authority Electric Revenue  5.000%  10/1/37   2,355  2,927 
  Modesto CA Irrigation District Financing Authority Electric Revenue  5.000%  10/1/38   2,015  2,497 
  Modesto CA Irrigation District Financing Authority Electric Revenue  5.000%  10/1/39   2,000  2,472 
  Montclair CA Redevelopment Agency Successor Tax Allocation  4.000%  10/1/31   660  783 
  Montclair CA Redevelopment Agency Successor Tax Allocation  4.000%  10/1/34   615  714 
  Montebello CA Unified School District GO  5.000%  8/1/41   2,555  2,967 
 1 Montebello CA Unified School District GO TOB VRDO  0.170%  6/5/20   4,800  4,800 
  Moreno Valley CA Community Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  8/1/29   1,200  1,487 
  Moreno Valley CA Community Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  8/1/32   1,020  1,239 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  4.000%  9/1/21   615  638 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  4.000%  9/1/22   685  728 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  4.000%  9/1/23   735  799 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  4.000%  9/1/24   780  862 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  5.000%  9/1/25   845  990 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  5.000%  9/1/26   930  1,108 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  5.000%  9/1/27   1,010  1,196 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  5.000%  9/1/29   1,185  1,385 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  5.000%  9/1/31   1,390  1,595 
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue  5.000%  9/1/35   920  1,033 

  

  117 

 

  

California Intermediate-Term Tax-Exempt Fund

 

            Face  Market 
        Maturity   Amount  Value* 
     Coupon  Date   ($000)  ($000)
  Morgan Hill CA Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  3/1/23   1,330  1,504 
  Morgan Hill CA Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  9/1/23   2,550  2,940 
  Morgan Hill CA Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  9/1/28   5,075  5,781 
  Morgan Hill CA Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  9/1/29   5,430  6,178 
  Morgan Hill CA Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  9/1/31   2,990  3,393 
  Morgan Hill CA Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  9/1/32   4,315  4,894 
  Morgan Hill CA Redevelopment Agency Successor Agency Tax Allocation Revenue  5.000%  9/1/33   2,000  2,265 
  Morgan Hill CA Unified School District GO  4.000%  8/1/32   400  475 
  Morgan Hill CA Unified School District GO  4.000%  8/1/33   200  235 
  Morgan Hill CA Unified School District GO  4.000%  8/1/34   250  292 
  Morgan Hill CA Unified School District GO  4.000%  8/1/36   1,240  1,434 
  Morgan Hill CA Unified School District GO  4.000%  8/1/37   745  859 
  Mount Diablo CA Unified School District GO  5.000%  8/1/21   785  829 
  Mount San Antonio CA Community College District GO  0.000%  8/1/25   2,000  1,930 
  Mount San Antonio CA Community College District GO  5.000%  8/1/35   2,000  2,608 
4 Mount San Antonio CA Community College District GO, 5.875% coupon rate effective 8/1/2023  0.000%  8/1/28   3,000  3,455 
  Mount San Jacinto CA Community College District GO  4.000%  8/1/37   3,290  3,859 
  Mount San Jacinto CA Community College District GO  4.000%  8/1/38   1,400  1,635 
  Mountain View CA Los Altos Union High School District GO  0.000%  8/1/26   3,500  3,305 
  Mountain View CA Shoreline Regional Park Community Tax Allocation Revenue  5.000%  8/1/32(4)  500  636 
  Mountain View CA Shoreline Regional Park Community Tax Allocation Revenue  5.000%  8/1/34(4)  350  440 
  Mountain View CA Shoreline Regional Park Community Tax Allocation Revenue  5.000%  8/1/35(4)  450  563 
  Mountain View CA Shoreline Regional Park Community Tax Allocation Revenue  5.000%  8/1/37(4)  1,220  1,516 
  Mountain View-Whisman CA School District COP  4.000%  6/1/20(ETM)  500  500 
  Mountain View-Whisman CA School District COP  5.000%  6/1/21(ETM)  285  299 
  Mountain View-Whisman CA School District COP  5.000%  6/1/22(ETM)  400  438 
  Mountain View-Whisman CA School District GO  5.000%  9/1/24   400  478 
  Mountain View-Whisman CA School District GO  5.000%  9/1/25   630  776 
  Mountain View-Whisman CA School District GO  5.000%  9/1/26   1,110  1,405 

 

  118 

 

 

California Intermediate-Term Tax-Exempt Fund

 

            Face  Market  
        Maturity   Amount  Value•  
     Coupon  Date   ($000)  ($000 ) 
  Mountain View-Whisman CA School District GO  4.000%  9/1/32    250  312  
  Mountain View-Whisman CA School District GO  4.000%  9/1/33    500  619  
  Mountain View-Whisman CA School District GO  3.000%  9/1/35    640  701  
  Mountain View-Whisman CA School District GO  3.000%  9/1/37    750  815  
  Mountain View-Whisman CA School District GO  3.000%  9/1/39    1,200  1,288  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/20 (4)  775  784  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/21 (4)  1,605  1,702  
  Murrieta Valley CA Unified School District GO  4.000%  9/1/22 (4)  320  345  
  Murrieta Valley CA Unified School District GO  4.000%  9/1/23 (4)  850  944  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/23 (4)  1,460  1,668  
  Murrieta Valley CA Unified School District GO  4.000%  9/1/24 (4)  350  399  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/25 (4)  700  840  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/25 (4)  1,400  1,680  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/26 (4)  520  623  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/26 (4)  1,625  1,947  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/27 (4)  465  556  
  Murrieta Valley CA Unified School District GO  5.000%  9/1/28 (4)  300  356  
  Murrieta Valley CA Unified School District GO  0.000%  9/1/33 (4)  475  362  
  Napa Valley CA Unified School District GO  5.000%  8/1/31    205  253  
  Napa Valley CA Unified School District GO  4.000%  8/1/33 (4)  2,370  2,754  
  Napa Valley CA Unified School District GO  4.000%  8/1/36 (4)  3,175  3,634  
4 Napa Valley Community College District GO, 4.000% coupon rate effective 2/1/2021  0.000%  8/1/30    8,130  9,114  
4 Napa Valley Community College District GO, 4.000% coupon rate effective 2/1/2021  0.000%  8/1/31    4,650  5,169  
  Natomas CA Unified School District COP  4.000%  12/1/23 (15)  1,650  1,706  
  Natomas CA Unified School District COP  4.000%  12/1/24 (15)  1,720  1,777  
  Natomas CA Unified School District COP  4.000%  12/1/25 (15)  1,790  1,847  
  Natomas CA Unified School District COP  4.000%  12/1/26 (15)  1,865  1,923  
  Natomas CA Unified School District COP  4.000%  12/1/27 (15)  1,940  1,999  
  Natomas CA Unified School District COP  4.000%  12/1/28 (15)  2,020  2,080  
  Natomas CA Unified School District COP  4.000%  12/1/29 (15)  2,100  2,160  
  Natomas CA Unified School District COP  4.000%  12/1/30 (15)  2,185  2,246  
  Natomas CA Unified School District COP  4.000%  12/1/31 (15)  2,275  2,336  
  Natomas CA Unified School District COP  4.000%  12/1/32 (15)  2,365  2,426  
  Nevada CA Union High School District GO  4.000%  8/1/32    1,320  1,583  
  Nevada CA Union High School District GO  4.000%  8/1/33    1,410  1,672  
  Nevada CA Union High School District GO  4.000%  8/1/34    580  683  
  New Haven CA Unified School District GO  5.000%  8/1/26    4,535  5,644  
  New Haven CA Unified School District GO  5.000%  8/1/27    1,335  1,660  
  New Haven CA Unified School District GO  4.000%  8/1/29    100  122  
  New Haven CA Unified School District GO  4.000%  8/1/30    100  121  
  New Haven CA Unified School District GO  4.000%  8/1/31    100  120  
  New Haven CA Unified School District GO  4.000%  8/1/32    100  119  
  New Haven CA Unified School District GO  4.000%  8/1/35    325  379  
  New Haven CA Unified School District GO  4.000%  8/1/36    155  180  
  New Haven CA Unified School District GO  4.000%  8/1/37    300  348  
  New Haven CA Unified School District GO  4.000%  8/1/38    805  930  
  New Haven CA Unified School District GO  5.000%  8/1/40    955  1,128  

  

  119 

 

 

California Intermediate-Term Tax-Exempt Fund

 

             Face  Market 
        Maturity    Amount  Value* 
     Coupon  Date    ($000)  ($000) 
  Newark CA Unified School District GO  0.000%  8/1/26(4) 3,300  3,065 
  Newport Mesa CA Unified School District GO  5.000%  8/1/22    1,815  2,008 
  Newport Mesa CA Unified School District GO  5.000%  8/1/23    2,510  2,894 
  Newport Mesa CA Unified School District GO  5.000%  8/1/25    1,500  1,853 
  Newport Mesa CA Unified School District GO  5.000%  8/1/26    1,175  1,491 
  Newport Mesa CA Unified School District GO  0.000%  8/1/29    4,625  4,076 
  Newport Mesa CA Unified School District GO  0.000%  8/1/30    3,000  2,571 
  Newport Mesa CA Unified School District GO  0.000%  8/1/31    1,500  1,249 
  Newport Mesa CA Unified School District GO  0.000%  8/1/32    14,000  11,276 
  Norco CA Financing Authority Enterprise Revenue  5.000%  10/1/30    550  732 
  Norco CA Financing Authority Enterprise Revenue  5.000%  10/1/32    1,000  1,305 
  Norco CA Financing Authority Enterprise Revenue  4.000%  10/1/34    310  365 
  Norco CA Financing Authority Enterprise Revenue  4.000%  10/1/35    440  513 
  Norco CA Financing Authority Enterprise Revenue  5.000%  10/1/36    1,000  1,266 
  Norco CA Financing Authority Enterprise Revenue  5.000%  10/1/37    850  1,072 
  Norco CA Financing Authority Enterprise Revenue  4.000%  10/1/39    1,565  1,801 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  4.000%  9/1/20    845  853 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  4.000%  9/1/21    1,055  1,105 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  5.000%  9/1/22    970  1,063 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  5.000%  9/1/23    1,270  1,442 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  5.000%  9/1/24    1,380  1,615 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  5.000%  9/1/25    500  599 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  5.000%  9/1/26    1,620  1,996 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  5.000%  9/1/27    1,755  2,209 
  Norco CA Special Tax Revenue (Norco Ridge Ranch)  5.000%  9/1/28(15) 750  968 
  North Orange County CA Community College District GO  4.000%  8/1/33    375  458 
  North Orange County CA Community College District GO  3.000%  8/1/38    1,805  1,958 
  North Orange County CA Community College District GO  3.000%  8/1/39    2,165  2,342 
  North Orange County CA Community College District GO  3.000%  8/1/40    2,200  2,374 
  Northern California Energy Authority Commodity Supply Revenue PUT  4.000%  7/1/24    84,710  92,491 
  Northern California Power Agency Revenue (Hydroelectric Project)  5.000%  7/1/28    5,000  5,452 

 

  120 

 

  

California Intermediate-Term Tax-Exempt Fund

 

            Face  Market 
        Maturity   Amount  Value• 
     Coupon  Date   ($000)  ($000) 
  Northern California Power Agency Revenue (Hydroelectric Project)  5.000%  7/1/29   3,000  3,271 
  Northern California Power Agency Revenue (Hydroelectric Project)  5.000%  7/1/30   1,605  1,749 
  Northern California Power Agency Revenue (Hydroelectric Project)  5.000%  7/1/31   1,600  1,744 
  Northern California Transmission Agency Revenue  5.000%  5/1/21   245  255 
  Northern California Transmission Agency Revenue  5.000%  5/1/22   200  217 
  Northern California Transmission Agency Revenue  5.000%  5/1/23   385  435 
  Northern California Transmission Agency Revenue  5.000%  5/1/24   695  811 
  Northern California Transmission Agency Revenue  5.000%  5/1/25   2,030  2,445 
  Northern California Transmission Agency Revenue  5.000%  5/1/27   1,285  1,578 
  Northern California Transmission Agency Revenue  5.000%  5/1/28   1,180  1,441 
  Northern California Transmission Agency Revenue  5.000%  5/1/29   1,775  2,160 
  Northern California Transmission Agency Revenue  5.000%  5/1/31   1,385  1,665 
  Northern California Transmission Agency Revenue  5.000%  5/1/32   2,525  3,020 
  Northern California Transmission Agency Revenue  5.000%  5/1/33   4,285  5,100 
  Northern California Transmission Agency Revenue  5.000%  5/1/34   3,285  3,901 
  Northern California Transmission Agency Revenue  5.000%  5/1/36   5,000  5,899 
  Northern California Transmission Agency Revenue  5.000%  5/1/37   3,500  4,119 
  Northstar Community Services District California Community Facilities District No. 1 Special Tax Revenue  5.000%  9/1/20   2,330  1,468 
  Northstar Community Services District California Community Facilities District No. 1 Special Tax Revenue  5.000%  9/1/21   1,215  765 
  Northstar Community Services District California Community Facilities District No. 1 Special Tax Revenue  5.000%  9/1/22   1,355  854 
  Northstar Community Services District California Community Facilities District No. 1 Special Tax Revenue  5.000%  9/1/23   1,495  942 
1 Nuveen California AMT-Free Quality Municipal Income Fund VRDP VRDO  0.130%  6/5/20LOC  10,000  10,000 
1 Nuveen California AMT-Free Quality Municipal Income Fund VRDP VRDO  0.130%  6/5/20LOC  10,000  10,000 
1 Nuveen California AMT-Free Quality Municipal Income Fund VRDP VRDO  0.210%  6/5/20LOC  25,500  25,500 
  Oakdale CA Irrigation District Water Revenue  5.000%  8/1/26   240  276 
  Oakdale CA Irrigation District Water Revenue  5.000%  8/1/27   350  402 

 

  121 

 

 

California Intermediate-Term Tax-Exempt Fund

 

            Face  Market 
        Maturity   Amount  Value* 
     Coupon  Date   ($000)  ($000) 
  Oakdale CA Irrigation District Water Revenue  5.000%  8/1/29   455  522 
  Oakdale CA Irrigation District Water Revenue  5.000%  8/1/30   415  475 
  Oakdale CA Irrigation District Water Revenue  5.000%  8/1/33   350  399 
  Oakdale CA Irrigation District Water Revenue  5.000%  8/1/34   400  456 
  Oakdale CA Irrigation District Water Revenue  5.000%  8/1/35   300  341 
  Oakland CA GO  5.000%  1/15/21(Prere.)  3,000  3,090 
  Oakland CA GO  5.000%  1/15/23   5,750  6,467 
  Oakland CA GO  2.000%  1/15/34   5,505  5,579 
  Oakland CA GO  2.000%  1/15/35   4,480  4,479 
  Oakland CA GO  2.125%  1/15/36   4,735  4,711 
  Oakland CA Redevelopment Agency Tax Allocation Revenue (Central District Project)  5.000%  9/1/21   3,000  3,177 
  Oakland CA Unified School District Alameda County GO  5.000%  8/1/21   200  210 
  Oakland CA Unified School District Alameda County GO  5.000%  8/1/27   175  217 
  Oakland CA Unified School District Alameda County GO  5.000%  8/1/28   2,940  3,637 
  Oakland CA Unified School District Alameda County GO  5.000%  8/1/30   1,800  2,204 
  Oakland CA Unified School District GO  5.000%  8/1/20   2,525  2,543 
  Oakland CA Unified School District GO  5.000%  8/1/20   5,030  5,065 
  Oakland CA Unified School District GO  5.000%  8/1/21   1,600  1,678 
  Oakland CA Unified School District GO  5.000%  8/1/21(4)  3,195  3,351 
  Oakland CA Unified School District GO  6.250%  8/1/21(Prere.)  2,000  2,141 
  Oakland CA Unified School District GO  5.000%  8/1/22   1,300  1,417 
  Oakland CA Unified School District GO  5.000%  8/1/22(4)  2,325  2,539 
  Oakland CA Unified School District GO  5.000%  8/1/23   6,265  7,061 
  Oakland CA Unified School District GO  5.500%  8/1/23   1,000  1,121 
  Oakland CA Unified School District GO  4.000%  8/1/24   600  672 
  Oakland CA Unified School District GO  5.000%  8/1/24   1,275  1,480 
  Oakland CA Unified School District GO  5.000%  8/1/24   11,375  13,204 
  Oakland CA Unified School District GO  5.000%  8/1/24   1,375  1,596 
  Oakland CA Unified School District GO  4.000%  8/1/25   175  200 
  Oakland CA Unified School District GO  5.000%  8/1/25(4)  2,375  2,840 
  Oakland CA Unified School District GO  5.000%  8/1/26   1,035  1,225 
  Oakland CA Unified School District GO  5.000%  8/1/26(4)  2,570  3,056 
  Oakland CA Unified School District GO  5.000%  8/1/27   1,295  1,528 
  Oakland CA Unified School District GO  5.000%  8/1/27(4)  1,160  1,375 
  Oakland CA Unified School District GO  5.000%  8/1/27(4)  1,965  2,455 
  Oakland CA Unified School District GO  5.000%  8/1/28   1,000  1,177 
  Oakland CA Unified School District GO  5.000%  8/1/28(4)  1,230  1,455 
  Oakland CA Unified School District GO  5.000%  8/1/28(4)  1,210  1,506 
  Oakland CA Unified School District GO  5.000%  8/1/28   6,110  7,373 
  Oakland CA Unified School District GO  5.000%  8/1/28   140  169 
  Oakland CA Unified School District GO  5.000%  8/1/29   1,000  1,175 
  Oakland CA Unified School District GO  5.000%  8/1/29(4)  2,060  2,552 
  Oakland CA Unified School District GO  5.000%  8/1/30(4)  2,025  2,495 
  Oakland CA Unified School District GO  5.000%  8/1/30   100  120 
  Oakland CA Unified School District GO  5.000%  8/1/31   2,350  2,750 
  Oakland CA Unified School District GO  5.000%  8/1/31(4)  5,250  6,432 
  Oakland CA Unified School District GO  5.000%  8/1/31   480  584 
  Oakland CA Unified School District GO  5.000%  8/1/32   2,615  3,054 
  Oakland CA Unified School District GO  5.000%  8/1/32(4)  5,910  7,195 

 

  122 

 

 

California Intermediate-Term Tax-Exempt Fund

 

             Face  Market 
        Maturity    Amount  Value* 
     Coupon  Date    ($000)  ($000) 
  Oakland CA Unified School District GO  5.000%  8/1/33    1,245  1,451 
  Oakland CA Unified School District GO  5.000%  8/1/33    1,200  1,444 
  Oakland CA Unified School District GO  4.000%  8/1/34 (4)  4,500  5,094 
  Oakland CA Unified School District GO  5.000%  8/1/34    2,500  2,907 
  Oakland CA Unified School District GO  4.000%  8/1/35 (4)  5,210  5,874 
  Oakland CA Unified School District GO  4.000%  8/1/36 (4)  7,970  8,953 
  Oakland CA Unified School District GO  4.000%  8/1/37 (4)  2,750  3,080 
  Oakland CA Unified School District GO (Alameda County)  5.000%  8/1/24    1,835  2,130 
  Oakland CA Unified School District GO (Alameda County)  5.000%  8/1/25    2,850  3,392 
  Oakland CA Unified School District GO (Alameda County)  5.000%  8/1/25    570  678 
  Oceanside CA Unified School District GO  4.000%  8/1/33 (15)  3,500  3,870 
  Ohlone CA Community College District GO  5.000%  8/1/21 (Prere.)  1,770  1,870 
  Ohlone CA Community College District GO  5.000%  8/1/22    760  839 
  Ohlone CA Community College District GO  4.000%  8/1/34    3,900  4,466 
  Ohlone CA Community College District GO  4.000%  8/1/35    4,290  4,896 
  Ontario CA Public Financing Authority Water Revenue  5.250%  7/1/27    1,285  1,469 
  Ontario CA Public Financing Authority Water Revenue  5.250%  7/1/28    1,765  2,017 
  Ontario CA Public Financing Authority Water Revenue  5.250%  7/1/29    2,280  2,600 
  Ontario CA Public Financing Authority Water Revenue  5.250%  7/1/30    1,400  1,594 
  Ontario CA Public Financing Authority Water Revenue  5.250%  7/1/31    2,525  2,870 
  Ontario CA Public Financing Authority Water Revenue  5.250%  7/1/32    2,660  3,022 
  Ontario CA Public Financing Authority Water Revenue  5.250%  7/1/33    2,205  2,502 
  Orange County CA Airport Revenue  5.000%  7/1/23    200  224 
  Orange County CA Development Agency Tax Allocation Revenue (Santa Ana Heights Project)  5.000%  9/1/21    1,200  1,268 
  Orange County CA Development Agency Tax Allocation Revenue (Santa Ana Heights Project)  5.000%  3/1/22    1,230  1,327 
  Orange County CA Development Agency Tax Allocation Revenue (Santa Ana Heights Project)  5.000%  9/1/22    1,260  1,370 
  Orange County CA Development Agency Tax Allocation Revenue (Santa Ana Heights Project)  5.000%  3/1/23    1,290  1,427 
  Orange County CA Development Agency Tax Allocation Revenue (Santa Ana Heights Project)  5.000%  9/1/23    1,320  1,483 
  Orange County CA Local Transportation Authority Sales Tax Revenue  5.000%  2/15/36    2,860  3,655 
  Orange County CA Local Transportation Authority Sales Tax Revenue  5.000%  2/15/37    6,860  8,735 
  Orange County CA Local Transportation Authority Sales Tax Revenue  5.000%  2/15/39    3,825  4,823 

 

  123 

 

  

California Intermediate-Term Tax-Exempt Fund

 

             Face  Market 
        Maturity    Amount  Value* 
     Coupon  Date    ($000)  ($000) 
  Orange County CA Sanitation District Wastewater Revenue  5.000%  2/1/30    9,925  11,775 
  Orange County CA Sanitation District Wastewater Revenue  4.000%  2/1/32    5,690  5,952 
  Orange County CA Transportation Authority Toll Road Revenue  5.000%  8/15/22    1,050  1,141 
  Orange County CA Transportation Authority Toll Road Revenue  5.000%  8/15/27    2,565  2,855 
  Orange County CA Transportation Authority Toll Road Revenue  5.000%  8/15/28    2,545  2,827 
  Orange County CA Water District COP  2.000%  8/15/23    27,720  29,126 
  Orange County CA Water District Revenue  5.000%  8/15/23 (Prere.)  8,000  9,220 
  Orange County CA Water District Revenue  5.000%  8/15/32    840  1,113 
  Orange County CA Water District Revenue  5.000%  8/15/33    1,000  1,317 
  Orange County CA Water District Revenue  4.000%  8/15/35    750  904 
  Oxnard CA Gas Tax Revenue  4.000%  9/1/34 (4)  1,130  1,312 
  Oxnard CA Gas Tax Revenue  4.000%  9/1/36 (4)  1,170  1,345 
  Oxnard CA Gas Tax Revenue  4.000%  9/1/37 (4)  770  882 
  Oxnard CA Union High School District GO  4.000%  8/1/23    210  233 
  Oxnard CA Union High School District GO  4.000%  8/1/24    200  229 
  Oxnard CA Union High School District GO  4.000%  8/1/25    300  351 
  Oxnard CA Union High School District GO  5.000%  8/1/26    850  1,067 
  Oxnard CA Union High School District GO  5.000%  8/1/27    750  967 
  Oxnard CA Union High School District GO  5.000%  8/1/28    500  642 
  Oxnard CA Union High School District GO  5.000%  8/1/29    850  1,087 
  Oxnard CA Union High School District GO  4.000%  8/1/30    2,000  2,406 
  Oxnard CA Union High School District GO  4.000%  8/1/31    750  897 
  Oxnard CA Union High School District GO  4.000%  8/1/32    1,000  1,187 
  Pajaro Valley CA Unified School District GO  4.000%  8/1/33    225  264 
  Pajaro Valley CA Unified School District GO  4.000%  8/1/34    250  292 
  Pajaro Valley CA Unified School District GO  4.000%  8/1/35    300  349 
  Pajaro Valley CA Unified School District GO  4.000%  8/1/36    250  289 
  Pajaro Valley CA Unified School District GO  5.000%  8/1/38    1,155  1,419 
  Palm Desert CA Redevelopment Agency Tax Allocation Revenue  5.000%  10/1/21 (15)  440  468 
  Palm Desert CA Redevelopment Agency Tax Allocation Revenue  5.000%  10/1/24 (15)  1,050  1,245 
  Palm Desert CA Redevelopment Agency Tax Allocation Revenue  5.000%  10/1/25 (15)  1,000  1,221 
  Palm Desert CA Redevelopment Agency Tax Allocation Revenue  5.000%  10/1/26 (15)  1,100  1,380 
  Palm Desert CA Redevelopment Agency Tax Allocation Revenue  5.000%  10/1/27 (15)  1,200  1,504 
  Palm Springs CA Unified School District GO  5.000%  8/1/22    1,565  1,718 
  Palm Springs CA Unified School District GO  5.000%  8/1/25    4,775  5,819 
  Palm Springs CA Unified School District GO  5.000%  8/1/28    1,000  1,050 
  Palm Springs CA Unified School District GO  5.000%  8/1/29    1,500  1,574 
  Palm Springs CA Unified School District GO  5.000%  8/1/30    1,500  1,573 
  Palm Springs CA Unified School District GO  4.000%  8/1/31    4,160  4,624 
  Palm Springs CA Unified School District GO  5.000%  8/1/31    1,500  1,573 
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue  5.000%  9/1/20    450  455 
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue  5.000%  9/1/21    350  370 

  

  124 

 

  

 

California Intermediate-Term Tax-Exempt Fund  

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/22     615   666  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/23     400   447  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/24     725   833  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/25     740   870  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/25     550   647  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/26     630   756  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/26     650   780  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/27     430   513  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/28     1,355   1,611  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/29     1,275   1,505  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/31     415   484  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/32     1,435   1,663  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/33     750   866  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/34     500   576  
  Palmdale CA Community Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/34 (14)   2,000   2,303  
  Palo Alto CA Improvement Revenue (University Avenue Area Parking)   4.000%   9/2/20     250   252  
  Palo Alto CA Improvement Revenue (University Avenue Area Parking)   4.000%   9/2/21     400   419  
  Palo Alto CA Improvement Revenue (University Avenue Area Parking)   5.000%   9/2/27     1,000   1,091  
  Palo Alto CA Unified School District GO   0.000%   8/1/24     15,890   15,522  
  Palomar CA Community College District GO   5.000%   8/1/30     520   661  
  Palomar CA Community College District GO   5.000%   8/1/31     400   506  
  Palomar CA Community College District GO   5.000%   8/1/32     300   377  
  Palomar CA Community College District GO   4.000%   8/1/33     2,140   2,425  
  Palomar CA Community College District GO   5.000%   8/1/33     2,805   3,507  
  Palomar CA Community College District GO   4.000%   8/1/34     2,390   2,702  
  Palomar CA Community College District GO   5.000%   8/1/35     2,485   3,084  
1 Palomar CA Community College District GO TOB VRDO   0.170%   6/5/20     6,400   6,400  
  Palomar Health CA Revenue   4.000%   11/1/39     8,875   8,922  
  Palomar Pomerado Health California COP   5.000%   11/1/21     560   590  
  Palomar Pomerado Health California COP   5.000%   11/1/23     600   675  
  Palomar Pomerado Health California COP   5.000%   11/1/24     665   769  
  Palomar Pomerado Health California COP   5.000%   11/1/26     445   535  
  Palomar Pomerado Health California COP   5.000%   11/1/27     750   920  
  Palomar Pomerado Health California COP   0.000%   8/1/28 (12)   500   444  
  Palomar Pomerado Health California COP   5.000%   11/1/32     4,550   5,332  

 

  125 

 

 

California Intermediate-Term Tax-Exempt Fund   

 

                Face   Market  
          Maturity     Amount   Value*  
      Coupon   Date     ($000 )  ($000 ) 
  Palomar Pomerado Health California COP   4.000%   8/1/36     5,015   5,197  
  Palomar Pomerado Health California COP   4.000%   8/1/37     4,190   4,331  
  Palomar Pomerado Health California GO   0.000%   8/1/21 (14)   1,400   1,389  
  Palomar Pomerado Health California GO   0.000%   8/1/22 (14)   7,190   7,069  
  Palomar Pomerado Health California GO   0.000%   8/1/24 (12)   5,130   4,951  
  Palomar Pomerado Health California GO   0.000%   8/1/26 (12)   1,250   1,162  
  Palomar Pomerado Health California GO   0.000%   8/1/27 (12)   3,095   2,815  
  Palomar Pomerado Health California GO   0.000%   8/1/27 (14)   16,165   14,494  
  Palomar Pomerado Health California GO   5.000%   8/1/28     1,640   1,874  
  Palomar Pomerado Health California GO   5.000%   8/1/28     8,460   9,667  
  Palomar Pomerado Health California GO   0.000%   8/1/29 (12)   7,195   6,226  
  Palomar Pomerado Health California GO   5.000%   8/1/29     875   996  
  Palomar Pomerado Health California GO   5.000%   8/1/29     4,340   4,939  
  Palomar Pomerado Health California GO   4.000%   8/1/30     1,210   1,291  
  Palomar Pomerado Health California GO   5.000%   8/1/30     1,130   1,280  
  Palomar Pomerado Health California GO   4.000%   8/1/31     1,540   1,640  
  Palomar Pomerado Health California GO   5.000%   8/1/31     800   902  
  Palomar Pomerado Health California GO   4.000%   8/1/32     4,900   5,175  
  Palomar Pomerado Health California GO   5.000%   8/1/33     1,320   1,473  
  Palomar Pomerado Health California GO   0.000%   8/1/35     595   411  
  Palomar Pomerado Health California GO   7.000%   8/1/38 (12)   3,000   4,324  
  Palomar Pomerado Health California Revenue   5.000%   11/1/20     1,125   1,143  
  Palomar Pomerado Health California Revenue   5.000%   11/1/21     1,375   1,449  
  Palomar Pomerado Health California Revenue   5.000%   11/1/23     2,410   2,711  
  Palomar Pomerado Health California Revenue   5.000%   11/1/24     2,390   2,764  
  Palomar Pomerado Health California Revenue   5.000%   11/1/25     2,250   2,652  
  Palomar Pomerado Health California Revenue   5.000%   8/1/26     310   359  
  Palomar Pomerado Health California Revenue   5.000%   11/1/26     1,875   2,255  
  Palomar Pomerado Health California Revenue   5.000%   11/1/28     345   410  
  Palos Verdes Peninsula CA Unified School District GO   0.000%   11/1/26 (14)   320   303  
  Paramount CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1)   5.000%   8/1/21 (4)   1,455   1,537  
  Paramount CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1)   5.000%   8/1/22 (4)   2,965   3,252  
  Paramount CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1)   5.000%   8/1/23 (4)   2,485   2,831  
  Paramount CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1)   0.000%   8/1/26 (14)   6,050   5,346  
  Pasadena CA COP VRDO   0.060%   6/5/20 LOC   7,315   7,315  
  Pasadena CA Unified School District GO   5.000%   5/1/22 (Prere.)   3,695   4,036  
  Pasadena CA Unified School District GO   5.000%   5/1/22 (Prere.)   1,500   1,638  
  Pasadena CA Unified School District GO   5.000%   5/1/22 (Prere.)   2,000   2,184  
  Pasadena CA Unified School District GO   5.000%   8/1/23     905   1,025  
  Pasadena CA Unified School District GO   5.000%   8/1/24     1,085   1,270  
  Pasadena CA Unified School District GO   5.000%   8/1/25     750   903  
  Pasadena CA Unified School District GO   5.000%   8/1/25     1,000   1,205  
  Pasadena CA Unified School District GO   5.000%   8/1/26     510   630  
  Pasadena CA Unified School District GO   5.000%   8/1/26     1,015   1,254  
  Pasadena CA Unified School District GO   4.000%   8/1/32     1,115   1,271  

 

  126 

 

 

California Intermediate-Term Tax-Exempt Fund  

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Peninsula Corridor CA Joint Powers Board Farebox Revenue   5.000%   10/1/33     595   711  
  Peninsula Corridor CA Joint Powers Board Farebox Revenue   5.000%   10/1/35     750   888  
  Peninsula Corridor CA Joint Powers Board Farebox Revenue   5.000%   10/1/36     1,000   1,179  
  Peninsula Corridor CA Joint Powers Board Farebox Revenue   5.000%   10/1/37     1,000   1,175  
  Peninsula Corridor CA Joint Powers Board Farebox Revenue   5.000%   10/1/38     600   703  
3 Peralta CA Community College District GO   5.000%   8/1/24     1,130   1,328  
3 Peralta CA Community College District GO   5.000%   8/1/25     500   606  
3 Peralta CA Community College District GO   5.000%   8/1/26     650   808  
3 Peralta CA Community College District GO   5.000%   8/1/27     500   636  
3 Peralta CA Community College District GO   5.000%   8/1/28     555   721  
3 Peralta CA Community College District GO   5.000%   8/1/30     670   902  
3 Peralta CA Community College District GO   5.000%   8/1/31     1,225   1,670  
  Peralta CA Community College District Revenue   5.000%   8/1/23     1,000   1,138  
  Peralta CA Community College District Revenue   5.000%   8/1/25     270   328  
  Peralta CA Community College District Revenue   4.000%   8/1/26     1,500   1,734  
  Peralta CA Community College District Revenue   5.000%   8/1/27     1,490   1,801  
  Peralta CA Community College District Revenue   5.000%   8/1/28     2,455   2,961  
  Peralta CA Community College District Revenue   5.000%   8/1/29     3,115   3,750  
  Peralta CA Community College District Revenue   5.000%   8/1/29     2,280   2,661  
  Peralta CA Community College District Revenue   5.000%   8/1/30     2,260   2,716  
  Peralta CA Community College District Revenue   5.000%   8/1/31     1,550   1,859  
  Peralta CA Community College District Revenue   5.000%   8/1/32     4,340   5,196  
  Peralta CA Community College District Revenue   5.000%   8/1/34     3,025   3,600  
  Perris CA Union High School District GO   4.000%   9/1/35 (4)   1,730   2,054  
  Perris CA Union High School District GO   4.000%   9/1/36 (4)   1,845   2,164  
  Perris CA Union High School District GO   4.000%   9/1/37 (4)   2,190   2,559  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project)   0.000%   8/1/20 (2)   2,460   2,458  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project)   5.000%   9/1/20 (4)   11,880   12,023  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos                    
  Community Development Project)   5.000%   9/1/21 (4)   2,000   2,117  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project)   0.000%   8/1/25 (2)   2,965   2,797  

  

  127 

 

 

California Intermediate-Term Tax-Exempt Fund 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos                    
  Community Development Project)   5.000%   8/1/25 (4)   855   1,004  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project)   5.000%   8/1/26 (4)   900   1,052  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project)   5.000%   8/1/27 (4)   1,220   1,420  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project)   5.000%   8/1/28 (4)   1,285   1,492  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project)   0.000%   8/1/29 (2)   355   305  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project)   5.000%   8/1/29 (4)   1,350   1,563  
  Pittsburg CA Water Revenue   4.000%   8/1/21     500   522  
  Pittsburg CA Water Revenue   5.000%   8/1/22     250   276  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   10/1/20 (4)   325   330  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   8/1/21     775   818  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   10/1/21 (4)   300   317  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   8/1/22     1,325   1,460  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   10/1/22 (4)   385   425  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   8/1/23     2,540   2,912  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   10/1/23 (4)   500   573  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   8/1/24     1,065   1,265  
  Placentia-Yorba Linda CA Unified School District GO   5.000%   8/1/25     1,785   2,190  
  Placentia-Yorba Linda CA Unified School District GO   0.000%   8/1/31     150   124  
  Pleasanton CA Unified School District GO   4.000%   8/1/34     1,050   1,225  
  Pleasanton CA Unified School District GO   4.000%   8/1/35     1,000   1,162  
  Pleasanton CA Unified School District GO   4.000%   8/1/36     800   925  
  Pomona CA Single Family Mortgage Revenue   7.600%   5/1/23 (ETM)   3,575   3,983  
  Pomona CA Unified School District GO   5.000%   8/1/22 (15)   440   483  
  Pomona CA Unified School District GO   5.000%   8/1/26 (15)   450   529  
  Pomona CA Unified School District GO   4.000%   8/1/32 (4)   1,175   1,340  
  Port of Oakland CA Revenue   5.000%   11/1/26     2,695   3,256  
  Port of Oakland CA Revenue   5.000%   11/1/27     1,250   1,542  
  Port of Oakland CA Revenue   5.000%   11/1/28     1,610   1,978  
  Port of Oakland CA Revenue   5.000%   11/1/29     950   1,161  
  Poway CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   6/15/22     2,225   2,424  

 

  128 

 

 

California Intermediate-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Poway CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/22     3,535   3,924  
  Poway CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   6/15/23     3,325   3,759  
  Poway CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/26     1,370   1,657  
  Poway CA Unified School District GO   0.000%   8/1/20     3,280   3,278  
  Poway CA Unified School District GO   5.000%   8/1/21 (Prere.)   5,125   5,415  
  Poway CA Unified School District GO   5.000%   8/1/27     1,625   1,912  
  Poway CA Unified School District GO   0.000%   8/1/28     9,070   8,141  
  Poway CA Unified School District GO   0.000%   8/1/30     100   85  
  Poway CA Unified School District GO   0.000%   8/1/31     1,925   1,593  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/20     610   617  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/21     1,000   1,048  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/21     320   339  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   3.000%   9/1/22     115   119  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   3.000%   9/1/22     155   161  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/22     855   922  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/22 (15)   715   789  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/22     455   502  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/15/22     435   470  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   3.000%   9/1/23     180   189  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/23     130   140  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/23 (15)   1,180   1,352  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/23     1,000   1,143  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/23     1,565   1,723  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/24 (4)   150   166  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/24 (15)   1,000   1,185  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/24     1,525   1,800  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/25 (4)   145   163  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/25 (15)   775   947  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/25     1,640   1,994  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/26 (4)   190   216  

 

  129 

 

 

California Intermediate-Term Tax-Exempt Fund  

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/26 (15)   1,000   1,234  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/26     2,515   3,130  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/26     990   1,089  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/26     915   1,030  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/27 (4)   315   360  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/27     985   1,104  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/29 (4)   265   308  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/29 (4)   390   453  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/29     1,190   1,307  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/29     995   1,108  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/30     2,520   2,766  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/30     990   1,126  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/30     1,225   1,356  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/31     1,275   1,401  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/32 (4)   345   428  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/1/32 (4)   325   403  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/32     970   1,101  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/32     1,390   1,522  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   2.875%   9/1/33 (4)   180   183  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/33     1,485   1,621  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   3.000%   9/1/34 (4)   405   415  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/34 (4)   500   563  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/34     1,570   1,709  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   3.000%   9/1/35 (4)   235   240  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   5.000%   9/15/35     1,670   1,807  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/36 (4)   715   798  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   3.000%   9/1/37 (4)   500   510  

 

  130 

 

 

California Intermediate-Term Tax-Exempt Fund  

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/38 (4)    835   926  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   3.125%   9/1/39 (4)    565   579  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue   4.000%   9/1/40 (4)    970   1,068  
  Rancho Cucamonga CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project)   5.000%   9/1/27 (4)    1,700   1,983  
  Rancho Cucamonga CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project)   5.000%   9/1/28 (4)    2,800   3,259  
  Rancho Cucamonga CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project)   5.000%   9/1/30 (4)    1,500   1,735  
  Rancho Cucamonga CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project)   5.000%   9/1/31 (4)    1,400   1,613  
  Rancho Cucamonga CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project)   5.000%   9/1/32  (4)   1,710   1,963  
  Rancho Santiago CA Community College District GO   0.000%   9/1/30 (4)   1,000   850  
  Redding CA Electric System Revenue   5.000%   6/1/22     395   433  
  Redding CA Electric System Revenue   5.000%   6/1/22     1,100   1,206  
  Redding CA Electric System Revenue   5.000%   6/1/23     500   571  
  Redding CA Electric System Revenue   5.000%   6/1/23     800   914  
  Redding CA Electric System Revenue   5.000%   6/1/24     1,000   1,186  
  Redding CA Electric System Revenue   5.000%   6/1/24     750   889  
  Redding CA Electric System Revenue   5.000%   6/1/25     830   1,018  
  Redding CA Electric System Revenue   5.000%   6/1/25     730   895  
  Redding CA Electric System Revenue   5.000%   6/1/26     1,000   1,263  
  Redding CA Electric System Revenue   5.000%   6/1/27     1,350   1,754  
  Redding CA Electric System Revenue   5.000%   6/1/30     800   1,050  
  Redding CA Joint Powers Financing Authority Electric System Revenue   4.000%   6/1/23     325   361  
  Redding CA Joint Powers Financing Authority Electric System Revenue   5.000%   6/1/24     300   356  
  Redding CA Joint Powers Financing Authority Electric System Revenue   5.000%   6/1/25     375   460  
  Redding CA Joint Powers Financing Authority Electric System Revenue   5.000%   6/1/26     675   840  
  Redding CA Joint Powers Financing Authority Electric System Revenue   5.000%   6/1/27     1,000   1,237  
  Redding CA Joint Powers Financing Authority Electric System Revenue   5.000%   6/1/28     1,000   1,229  
  Redding CA Joint Powers Financing Authority Electric System Revenue   5.000%   6/1/30     775   949  
  Redding CA Joint Powers Financing Authority Electric System Revenue   5.000%   6/1/32     475   579  
  Redwood City CA Redevelopment Agency Redevelopment Project Area No. 2 Tax Allocation Revenue   0.000%   7/15/25  (2)   3,350   3,182  
  Redwood City CA School District GO   3.000%   8/1/40     1,490   1,589  

 

  131 

 

 

California Intermediate-Term Tax-Exempt Fund  

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Rialto CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/28     1,000   1,288  
  Rialto CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/30     1,285   1,620  
  Rialto CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/32     470   585  
  Rialto CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/33     760   940  
  Rialto CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/37     3,250   3,962  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/20     335   341  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/21     535   568  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/22 (4)   600   662  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/24 (4)   600   707  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/25 (4)   1,000   1,212  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/26 (4)   750   929  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/27 (4)   1,060   1,346  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/28 (4)   1,125   1,455  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/29 (4)   1,600   2,100  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/31 (4)   1,000   1,289  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/34 (4)   3,000   3,772  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/35 (4)   1,200   1,502  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/36 (4)   1,670   2,081  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project)   5.000%   11/1/37 (4)   1,600   1,987  
  Richmond CA Joint Powers Financing Authority Revenue (Point Potrero)   4.000%   5/1/21 (4)   1,000   1,035  
  Richmond CA Joint Powers Financing Authority Revenue (Point Potrero)   4.000%   5/1/22 (4)   1,750   1,863  
  Richmond CA Joint Powers Financing Authority Revenue (Point Potrero)   5.000%   5/1/23 (4)   1,400   1,576  
  Richmond CA Joint Powers Financing Authority Revenue (Point Potrero)   5.000%   5/1/24 (4)   1,000   1,164  
  Richmond CA Wastewater Revenue   5.000%   8/1/32     1,355   1,794  
  Richmond CA Wastewater Revenue   5.000%   8/1/33     1,060   1,395  
  Richmond CA Wastewater Revenue   4.000%   8/1/35     3,285   3,925  
  Richmond CA Wastewater Revenue   4.000%   8/1/37     2,000   2,366  
  Richmond CA Wastewater Revenue   5.000%   8/1/39     760   976  
  Rio CA Elementary School District Community Facilities District Special Tax Revenue   5.000%   9/1/27     1,000   1,126  

 

  132 

 

 

California Intermediate-Term Tax-Exempt Fund 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 )
  Rio CA Elementary School District Community Facilities District Special Tax Revenue   5.000%   9/1/28     1,000   1,122  
  Rio CA Elementary School District Community Facilities District Special Tax Revenue   5.000%   9/1/30     1,000   1,109  
  Rio CA Elementary School District Community Facilities District Special Tax Revenue   5.000%   9/1/35     2,300   2,491  
  Rio Hondo CA Community College District GO   0.000%   8/1/31     2,010   1,648  
  Riverside CA Community College District GO   0.000%   8/1/27     2,755   2,370  
  Riverside CA Community College District GO   0.000%   8/1/28     1,650   1,347  
  Riverside CA Community College District GO   5.000%   8/1/28     3,080   3,747  
  Riverside CA Community College District GO   3.000%   8/1/33     770   853  
  Riverside CA Community College District GO   4.000%   8/1/34     3,620   4,367  
  Riverside CA Community College District GO   3.000%   8/1/35     725   789  
  Riverside CA Community College District GO   3.000%   8/1/36     1,000   1,082  
  Riverside CA Community College District GO   3.000%   8/1/36     2,000   2,164  
  Riverside CA Community College District GO   3.000%   8/1/37     2,125   2,291  
  Riverside CA Community College District GO   3.000%   8/1/38     1,890   2,027  
  Riverside CA Community College District GO   3.000%   8/1/38     3,665   3,932  
  Riverside CA Community College District GO   3.000%   8/1/39     2,110   2,257  
  Riverside CA Community College District GO   3.000%   8/1/39     3,500   3,744  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/22     560   625  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/23     325   377  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/24     300   361  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/25     300   373  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/26     375   479  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/27     480   631  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/28     565   763  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/29     350   468  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/30     620   821  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/31     600   786  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/32     550   713  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/33     635   819  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/34     650   835  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/35     1,100   1,407  
  Riverside CA Public Financing Authority Lease Revenue (Main Library Project)   5.000%   11/1/36     875   1,114  
  Riverside CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   9/1/29     1,265   1,468  
  Riverside CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   9/1/31     1,045   1,204  

 

  133 

 

 

 

California Intermediate-Term Tax-Exempt Fund                    
                     
                     
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Riverside CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/31 (4)   2,930   3,369  
  Riverside CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/32 (4)   3,075   3,527  
  Riverside CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   9/1/33     1,055   1,207  
  Riverside CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/33 (4)   1,230   1,408  
1  Riverside CA Redevelopment Successor Agency Tax Allocation Revenue TOB VRDO   0.240%   6/5/20 (15)   5,000   5,000  
  Riverside CA Sewer Revenue   5.000%   8/1/20     1,685   1,698  
  Riverside CA Sewer Revenue   5.000%   8/1/21     2,000   2,113  
  Riverside CA Sewer Revenue   5.000%   8/1/22     2,160   2,377  
  Riverside CA Sewer Revenue   5.000%   8/1/23     3,760   4,302  
  Riverside CA Sewer Revenue   5.000%   8/1/24     2,020   2,396  
  Riverside CA Sewer Revenue   5.000%   8/1/26     600   755  
  Riverside CA Sewer Revenue   5.000%   8/1/27     1,055   1,365  
  Riverside CA Sewer Revenue   5.000%   8/1/30     2,680   3,510  
  Riverside CA Unified School District Financing Authority Revenue   5.000%   9/1/20     1,280   1,295  
  Riverside CA Unified School District Financing Authority Revenue   5.000%   9/1/23     1,410   1,549  
  Riverside CA Unified School District Financing Authority Revenue   5.000%   9/1/25     1,555   1,702  
  Riverside CA Unified School District Financing Authority Revenue   5.000%   9/1/26     1,615   1,764  
  Riverside CA Unified School District Financing Authority Revenue   5.000%   9/1/27     1,710   1,864  
  Riverside CA Unified School District GO   4.000%   8/1/29     850   1,015  
  Riverside CA Unified School District GO   4.000%   8/1/30     850   1,009  
  Riverside CA Unified School District GO   4.000%   8/1/31     1,250   1,474  
  Riverside CA Unified School District GO   4.000%   8/1/34     1,100   1,279  
  Riverside CA Unified School District GO   4.000%   8/1/35     1,000   1,158  
  Riverside CA Unified School District GO   3.000%   8/1/36     2,000   2,132  
  Riverside CA Unified School District GO   3.000%   8/1/37     2,000   2,126  
  Riverside CA Unified School District GO   3.000%   8/1/38     2,310   2,447  
  Riverside CA Unified School District GO   3.000%   8/1/39     5,000   5,264  
  Riverside CA Unified School District GO   3.000%   8/1/40     7,500   7,861  
  Riverside County CA Asset Leasing Corp. Leasehold Revenue (Riverside County Hospital Project)   0.000%   6/1/25 (14)   6,835   6,577  
  Riverside County CA Infrastructure Financing Authority (Indio Law Building)   4.000%   11/1/28     500   601  
  Riverside County CA Infrastructure Financing Authority (Indio Law Building)   4.000%   11/1/30     1,070   1,267  
  Riverside County CA Infrastructure Financing Authority (Indio Law Building)   4.000%   11/1/32     1,150   1,345  
  Riverside County CA Infrastructure Financing Authority (Indio Law Building)   4.000%   11/1/35     1,930   2,223  
  Riverside County CA Infrastructure Financing Authority (Indio Law Building)   4.000%   11/1/36     2,010   2,307  
  Riverside County CA Infrastructure Financing Authority (Indio Law Building)   4.000%   11/1/37     1,000   1,144  

  

  134 

 

 

California Intermediate-Term Tax-Exempt Fund                    
                     
                     
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 )
  Riverside County CA Public Financing Authority Lease Revenue   5.000%   11/1/22     1,800   2,007  
  Riverside County CA Public Financing Authority Lease Revenue   5.000%   11/1/23     2,100   2,431  
  Riverside County CA Public Financing Authority Lease Revenue   5.000%   11/1/24     1,855   2,223  
  Riverside County CA Public Financing Authority Lease Revenue   5.000%   11/1/30     9,885   12,101  
  Riverside County CA Public Financing Authority Lease Revenue   5.000%   11/1/32     10,620   12,888  
1 Riverside County CA Public Financing Authority Lease Revenue TOB VRDO   0.240%   6/5/20 LOC   7,500   7,500  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   9/1/20     2,665   2,697  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   10/1/20     375   381  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   9/1/21 (4)   2,550   2,703  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   10/1/21     250   266  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   9/1/22 (4)   1,830   2,014  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   10/1/22     350   382  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   9/1/23 (4)   2,445   2,794  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   10/1/33 (15)   3,535   4,340  
  Riverside County CA Public Financing Authority Tax Allocation Revenue   5.000%   10/1/35 (15)   1,195   1,457  
1 Riverside County CA Public Financing Authority Tax Allocation Revenue TOB VRDO   0.240%   6/5/20 (15)   2,420   2,420  
  Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/21 (4)   1,150   1,224  
  Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/22 (4)   1,320   1,454  
  Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/23 (4)   1,905   2,176  
  Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/24 (4)   2,005   2,367  
  Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/25 (4)   1,440   1,750  
  Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue   5.000%   10/1/27 (4)   1,160   1,391  
4 Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue,                    
  5.000% coupon rate effective 10/1/2021   0.000%   10/1/22 (15)   375   384  
4 Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/2021   0.000%   10/1/27 (15)   520   594  
4 Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/2021   0.000%   10/1/30 (15)   750   843  

 

  135 

 

 

California Intermediate-Term Tax-Exempt Fund                    
                     
                     
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
4  Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/2021   0.000%   10/1/32 (15)   590   656  
4 Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/2021   0.000%   10/1/37 (15)   1,015   1,108  
  Riverside County CA Transportation Commission Sales Tax Revenue   5.250%   6/1/23 (Prere.)   3,000   3,451  
  Riverside County CA Transportation Commission Sales Tax Revenue   5.250%   6/1/23 (Prere.)   4,075   4,687  
  Riverside County CA Transportation Commission Sales Tax Revenue   5.250%   6/1/23 (Prere.)   3,000   3,451  
  Riverside County CA Transportation Commission Sales Tax Revenue   5.250%   6/1/23 (Prere.)   2,000   2,300  
  Riverside County CA Transportation Commission Toll Revenue   0.000%   6/1/22     2,500   2,367  
  Riverside County CA Transportation Commission Toll Revenue   0.000%   6/1/23     3,630   3,340  
  Riverside County CA Transportation Commission Toll Revenue   0.000%   6/1/24     6,985   6,214  
  Riverside County CA Transportation Commission Toll Revenue   0.000%   6/1/31     5,000   3,445  
  Riverside County CA Transportation Commission Toll Revenue   0.000%   6/1/32     4,000   2,649  
  Riverside County CA Transportation Commission Toll Revenue   0.000%   6/1/33     5,500   3,503  
  Riverside County CA Transportation Commission Toll Revenue   0.000%   6/1/34     3,500   2,139  
  Rocklin CA Unified School District GO   0.000%   8/1/23 (14)   7,030   6,912  
  Rocklin CA Unified School District GO   0.000%   8/1/24 (14)   2,965   2,883  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/29     330   420  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/30     200   253  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/30     770   911  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/31     530   626  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/32     250   311  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/32     1,310   1,544  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/33     350   433  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/33     1,000   1,182  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/34     250   308  
  Roseville CA Financing Authority Electric System Revenue   5.000%   2/1/34     3,425   4,043  
  Roseville CA Financing Authority Electric System Revenue   4.000%   2/1/36     4,530   5,200  
  Roseville CA Financing Authority Special Tax Revenue   4.000%   9/1/21     700   733  

 

  136 

 

 

California Intermediate-Term Tax-Exempt Fund                    
                       
                       
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Roseville CA Financing Authority Special Tax Revenue   4.000%   9/1/22     1,000   1,085  
  Roseville CA Financing Authority Special Tax Revenue   5.000%   9/1/23     550   634  
  Roseville CA Financing Authority Special Tax Revenue   5.000%   9/1/24     1,100   1,316  
  Roseville CA Financing Authority Special Tax Revenue   5.000%   9/1/27     1,100   1,440  
  Roseville CA Financing Authority Special Tax Revenue   5.000%   9/1/29     750   970  
  Roseville CA Financing Authority Special Tax Revenue   5.000%   9/1/30 (4)   2,000   2,564  
  Roseville CA Financing Authority Special Tax Revenue   5.000%   9/1/31 (4)   2,665   3,386  
  Roseville CA Joint Union High School District GO   0.000%   8/1/23     275   269  
  Roseville CA Joint Union High School District GO   0.000%   8/1/24     580   560  
  Roseville CA Joint Union High School District GO   0.000%   8/1/25     555   528  
  Roseville CA Joint Union High School District GO   0.000%   8/1/26     500   464  
  Roseville CA Joint Union High School District GO   5.000%   8/1/27     185   235  
  Roseville CA Joint Union High School District GO   0.000%   8/1/28     500   433  
  Roseville CA Joint Union High School District GO   0.000%   8/1/29 (4)   3,215   2,805  
  Roseville CA Joint Union High School District GO   0.000%   8/1/29     1,085   898  
  Roseville CA Joint Union High School District GO   5.000%   8/1/29     200   252  
  Roseville CA Joint Union High School District GO   0.000%   8/1/30     1,000   789  
  Roseville CA Joint Union High School District GO   5.000%   8/1/30     300   375  
  Roseville CA Joint Union High School District GO   0.000%   8/1/31     1,585   1,189  
  Roseville CA Joint Union High School District GO   0.000%   8/1/31 (4)   6,815   5,620  
  Roseville CA Natural Gas Financing Authority Gas Revenue   5.000%   2/15/24     865   974  
  Roseville CA Natural Gas Financing Authority Gas Revenue   5.000%   2/15/27     420   505  
  Roseville CA Special Tax Revenue   5.000%   9/1/20     1,055   1,065  
  Roseville CA Special Tax Revenue   5.000%   9/1/21     500   523  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/22 (15)   445   495  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/24 (15)   300   359  

  

  137 

 

 

California Intermediate-Term Tax-Exempt Fund                    
                     
                     
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/26 (15)   280   334  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/27 (15)   650   774  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/28 (15)   250   297  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/29 (15)   500   592  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/31 (15)   1,160   1,369  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/33 (15)   1,280   1,505  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment)   5.000%   10/1/34 (15)   1,340   1,573  
  Sacramento CA City Financing Authority Revenue   4.000%   12/1/20     3,700   3,771  
  Sacramento CA City Financing Authority Revenue   5.000%   12/1/20     2,000   2,048  
  Sacramento CA City Financing Authority Revenue   5.000%   12/1/32 (15)   1,300   1,581  
  Sacramento CA City Financing Authority Revenue   5.000%   12/1/33 (15)   1,725   2,092  
  Sacramento CA City Financing Authority Tax Allocation Revenue   0.000%   12/1/25 (14)   5,000   4,554  
  Sacramento CA City Financing Authority Tax Allocation Revenue   0.000%   12/1/27 (14)   15,815   13,646  
  Sacramento CA City Financing Authority Tax Allocation Revenue   0.000%   12/1/31 (14)   5,000   3,758  
  Sacramento CA City Financing Authority Tax Allocation Revenue   0.000%   12/1/34 (14)   3,990   2,688  
  Sacramento CA City Unified School District GO   5.000%   7/1/20 (4)   500   502  
  Sacramento CA City Unified School District GO   5.000%   7/1/21 (4)   600   631  
  Sacramento CA City Unified School District GO   5.000%   7/1/22 (4)   940   1,023  
  Sacramento CA City Unified School District GO   5.000%   7/1/22     230   249  
  Sacramento CA City Unified School District GO   5.000%   8/1/30 (4)   385   452  
  Sacramento CA City Unified School District GO   5.000%   7/1/31 (4)   655   701  
  Sacramento CA Cogeneration Authority Revenue   5.250%   7/1/20 (ETM)   1,250   1,255  
  Sacramento CA Cogeneration Authority Revenue   5.250%   7/1/21 (ETM)   1,000   1,055  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/21     2,625   2,774  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/22     4,000   4,413  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/23     4,000   4,590  

 

  138 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Sacramento CA Municipal Utility District Revenue   5.250%   7/1/24 (2)   10,085   11,343  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/24     3,610   4,295  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/25     2,555   3,139  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/25     5,455   6,012  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/25     1,500   1,843  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/26     2,540   3,208  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/26     2,000   2,526  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/27     4,905   5,609  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/28     2,000   2,284  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/30     6,435   7,077  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/32     2,615   3,497  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/33     2,970   3,948  
  Sacramento CA Municipal Utility District Revenue   5.000%   8/15/37     1,025   1,164  
  Sacramento CA Municipal Utility District Revenue PUT   5.000%   10/17/23     13,745   15,535  
  Sacramento CA Municipal Utility District Revenue PUT   5.000%   10/15/25     2,525   3,005  
1  Sacramento CA Municipal Utility District Revenue TOB VRDO   0.240%   6/5/20     7,500   7,500  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   9/1/20 (Prere.)   405   410  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   9/1/20 (Prere.)   925   936  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   9/1/20 (Prere.)   975   987  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   9/1/20 (Prere.)   1,100   1,113  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   9/1/20 (Prere.)   1,155   1,169  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   3/1/22     680   688  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   3/1/28     1,575   1,584  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   3/1/29     1,660   1,670  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   3/1/30     1,875   1,885  
  Sacramento CA Regional Transportation District Farebox Revenue   5.000%   3/1/31     1,970   1,979  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/26     960   1,112  

 

  139 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/27     1,025   1,207  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/28     2,000   2,390  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/29     1,315   1,563  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/30     1,165   1,377  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/31     2,000   2,350  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/32     1,395   1,627  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/33     1,235   1,432  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/34     1,485   1,717  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/35     2,000   2,303  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/37     2,405   2,750  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex)   5.000%   6/1/38     1,290   1,471  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/23     525   573  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/24     425   475  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/25     450   513  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/26     500   578  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/27     1,535   1,802  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/28     1,605   1,911  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/29     1,695   2,009  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/30     1,775   2,091  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/31     1,865   2,184  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/32     500   581  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/34     2,145   2,472  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/35     650   746  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/36     1,200   1,372  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/37     1,040   1,185  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex)   5.000%   6/1/38     1,375   1,562  
  Sacramento CA Transportation Authority Sales Tax Revenue   5.000%   10/1/21     2,300   2,446  

 

 

  140 

 

 

California Intermediate-Term Tax-Exempt Fund                    
                       
                       
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Sacramento CA Unified School District GO   3.000%   8/1/20 (4)   1,000   1,005  
  Sacramento CA Unified School District GO   4.000%   8/1/21 (4)   1,000   1,043  
  Sacramento CA Unified School District GO   4.000%   8/1/22 (4)   750   803  
  Sacramento CA Unified School District GO   5.000%   8/1/23 (4)   1,575   1,783  
  Sacramento CA Unified School District GO   5.000%   8/1/27 (4)   345   410  
  Sacramento CA Water Revenue   5.000%   9/1/23 (Prere.)   3,210   3,695  
  Sacramento County CA Airport Revenue   5.000%   7/1/22     345   372  
  Sacramento County CA Airport Revenue   5.000%   7/1/22     1,000   1,079  
  Sacramento County CA Airport Revenue   5.000%   7/1/22     520   560  
  Sacramento County CA Airport Revenue   5.000%   7/1/22     380   410  
  Sacramento County CA Airport Revenue   5.000%   7/1/23     465   518  
  Sacramento County CA Airport Revenue   5.000%   7/1/23     1,000   1,113  
  Sacramento County CA Airport Revenue   5.000%   7/1/23     715   795  
  Sacramento County CA Airport Revenue   5.000%   7/1/23     345   384  
  Sacramento County CA Airport Revenue   5.000%   7/1/24     500   573  
  Sacramento County CA Airport Revenue   5.000%   7/1/24     1,000   1,146  
  Sacramento County CA Airport Revenue   5.000%   7/1/24     1,195   1,366  
  Sacramento County CA Airport Revenue   5.000%   7/1/24     245   280  
  Sacramento County CA Airport Revenue   5.000%   7/1/25     1,175   1,379  
  Sacramento County CA Airport Revenue   5.000%   7/1/25     805   945  
  Sacramento County CA Airport Revenue   5.000%   7/1/25     1,175   1,376  
  Sacramento County CA Airport Revenue   5.000%   7/1/25     2,185   2,559  
  Sacramento County CA Airport Revenue   5.000%   7/1/26     1,440   1,725  
  Sacramento County CA Airport Revenue   5.000%   7/1/26     1,225   1,467  
  Sacramento County CA Airport Revenue   5.000%   7/1/26     1,210   1,445  
  Sacramento County CA Airport Revenue   5.000%   7/1/26     1,080   1,290  
  Sacramento County CA Airport Revenue   5.000%   7/1/27     1,000   1,220  
  Sacramento County CA Airport Revenue   5.000%   7/1/27     1,815   2,207  
  Sacramento County CA Airport Revenue   5.000%   7/1/28     1,250   1,254  
  Sacramento County CA Airport Revenue   5.000%   7/1/28     1,410   1,743  
  Sacramento County CA Airport Revenue   5.000%   7/1/29     500   615  
  Sacramento County CA Airport Revenue   5.000%   7/1/29     500   615  
  Sacramento County CA Airport Revenue   5.000%   7/1/29     2,295   2,815  
  Sacramento County CA Airport Revenue   5.000%   7/1/30     5,240   5,257  
  Sacramento County CA Airport Revenue   5.000%   7/1/30     1,280   1,560  
  Sacramento County CA Airport Revenue   5.000%   7/1/30     1,250   1,524  
  Sacramento County CA Airport Revenue   5.000%   7/1/30     3,390   4,118  
  Sacramento County CA Airport Revenue   5.000%   7/1/31     500   604  
  Sacramento County CA Airport Revenue   5.000%   7/1/31     1,820   2,199  
  Sacramento County CA Airport Revenue   5.000%   7/1/32     1,175   1,410  
  Sacramento County CA Airport Revenue   5.000%   7/1/32     665   798  
  Sacramento County CA Airport Revenue   5.000%   7/1/32     1,510   1,805  
  Sacramento County CA Airport Revenue   5.000%   7/1/33     750   895  
  Sacramento County CA Airport Revenue   5.000%   7/1/35     1,000   1,142  
  Sacramento County CA Airport Revenue   5.000%   7/1/36     2,000   2,277  
  Sacramento County CA Airport Revenue   5.000%   7/1/36     1,250   1,474  
  Sacramento County CA Airport Revenue   5.000%   7/1/37     2,530   2,975  
  Sacramento County CA Sanitation Districts Financing Authority Revenue   5.000%   12/1/30     2,055   2,398  
  Sacramento County CA Sanitation Districts Financing Authority Revenue   5.000%   12/1/34     5,335   6,156  
  Sacramento County CA Sanitation Districts Financing Authority Revenue   5.000%   12/1/44     25,000   28,457  
  Salinas CA Union High School District GO   4.000%   8/1/36     1,000   1,181  

 

  141 

 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  Salinas CA Union High School District GO 4.000% 8/1/37   1,000 1,177
  Salinas CA Union High School District GO 4.000% 8/1/38   1,200 1,403
  Salinas CA Union High School District GO 4.000% 8/1/39   1,000 1,166
  Salinas CA Union High School District GO 4.000% 8/1/40   1,000 1,161
  San Bernardino CA City Unified School District COP 5.000% 10/1/21 (4) 225 238
  San Bernardino CA City Unified School District COP 5.000% 10/1/22 (4) 225 248
  San Bernardino CA City Unified School District COP 5.000% 10/1/23 (4) 350 401
  San Bernardino CA City Unified School District COP 5.000% 10/1/24 (4) 470 557
  San Bernardino CA City Unified School District COP 5.000% 10/1/25 (4) 560 684
  San Bernardino CA City Unified School District COP 5.000% 10/1/26 (4) 890 1,116
  San Bernardino CA City Unified School District COP 5.000% 10/1/27 (4) 1,245 1,602
  San Bernardino CA City Unified School District COP 5.000% 10/1/28 (4) 2,315 3,053
  San Bernardino CA City Unified School District COP 5.000% 10/1/29 (4) 1,415 1,856
  San Bernardino CA City Unified School District COP 5.000% 10/1/30 (4) 1,115 1,453
  San Bernardino CA City Unified School District COP 5.000% 10/1/33 (4) 1,370 1,746
  San Bernardino CA City Unified School District COP 5.000% 10/1/35 (4) 2,500 3,159
  San Bernardino CA City Unified School District COP 5.000% 10/1/37 (4) 5,880 7,372
  San Bernardino CA City Unified School District COP 5.000% 10/1/38 (4) 3,250 4,060
  San Bernardino CA City Unified School District GO 5.000% 8/1/20 (4) 765 771
  San Bernardino CA City Unified School District GO 5.000% 8/1/21 (4) 1,230 1,296
  San Bernardino CA City Unified School District GO 5.000% 8/1/22 (4) 1,525 1,673
  San Bernardino CA City Unified School District GO 5.000% 8/1/23 (4) 1,100 1,253
  San Bernardino CA City Unified School District GO 5.000% 8/1/24 (4) 1,400 1,594
  San Bernardino CA City Unified School District GO 5.000% 8/1/26 (4) 1,310 1,489
  San Bernardino CA City Unified School District GO 5.000% 8/1/28 (4) 470 600
  San Bernardino CA City Unified School District GO 5.000% 8/1/29 (4) 550 699
  San Bernardino CA City Unified School District GO 0.000% 8/1/30 (4) 11,700 9,947
  San Bernardino CA City Unified School District GO 5.000% 8/1/30 (4) 630 796
  San Bernardino CA City Unified School District GO 5.000% 8/1/31 (4) 230 289

 

  142 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Bernardino CA Community College District GO 0.000% 8/1/23 (4) 2,655 2,609
  San Bernardino CA Community College District GO 4.000% 8/1/23 (Prere.) 5,000 5,596
  San Bernardino CA Community College District GO 4.000% 8/1/23 (Prere.) 10,660 11,930
  San Bernardino CA Community College District GO 4.000% 8/1/23 (Prere.) 12,010 13,441
  San Bernardino CA Community College District GO 5.000% 8/1/23 (Prere.) 4,150 4,775
  San Bernardino CA Community College District GO 5.000% 8/1/24   4,375 4,996
  San Bernardino CA Community College District GO 0.000% 8/1/25 (Prere.) 1,000 737
  San Bernardino CA Community College District GO 0.000% 8/1/25 (Prere.) 1,100 771
  San Bernardino CA Community College District GO 0.000% 8/1/25 (Prere.) 1,165 777
  San Bernardino CA Community College District GO 5.000% 8/1/25 (Prere.) 8,370 10,326
  San Bernardino CA Community College District GO 5.000% 8/1/25   4,550 5,191
  San Bernardino CA Community College District GO 4.000% 8/1/27   10,000 10,972
  San Bernardino CA Community College District GO 0.000% 8/1/29   1,000 795
  San Bernardino CA Community College District GO 5.000% 8/1/29   5,000 6,071
  San Bernardino CA Community College District GO 0.000% 8/1/30   1,100 831
  San Bernardino CA Community College District GO 4.000% 8/1/34   125 146
  San Bernardino CA Community College District GO 4.000% 8/1/35   220 256
  San Bernardino CA Community College District GO 4.000% 8/1/36   255 296
  San Bernardino CA Community College District GO 4.000% 8/1/37   370 428
  San Bernardino CA Community College District GO 4.000% 8/1/38   475 548
  San Bernardino CA Community College District GO 4.000% 8/1/39   600 690
  San Bernardino County CA Medical Center (Arrowhead Project) COP 5.000% 10/1/24   4,005 4,720
  San Bernardino County CA Medical Center (Arrowhead Project) COP 5.000% 10/1/25   15,420 18,762
  San Bernardino County CA Medical Center (Arrowhead Project) COP 5.000% 10/1/26   13,870 17,298
  San Bernardino County CA Medical Center (Arrowhead Project) COP 5.000% 10/1/27   9,670 12,367
  San Bernardino County CA Medical Center COP 5.500% 8/1/22 (14) 8,940 9,714
  San Diego CA Association of Governments Capital Grant Receipts Revenue 5.000% 11/15/23   5,880 6,512

 

  143 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Diego CA Association of Governments Capital Grant Receipts Revenue 5.000% 11/15/24   12,750 14,608
  San Diego CA Association of Governments Capital Grant Receipts Revenue 5.000% 11/15/25   6,750 7,945
  San Diego CA Association of Governments Capital Grant Receipts Revenue 5.000% 11/15/26   14,000 16,923
  San Diego CA Association of Governments Capital Grant Receipts Revenue 1.800% 11/15/27   14,840 15,174
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/23   100 112
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/29   875 1,061
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/30   200 241
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/31   2,300 2,757
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/32   2,725 3,246
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/33   100 119
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/34   3,000 3,542
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/35   1,610 1,894
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/36   1,500 1,758
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/37   1,070 1,250
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/38   1,230 1,434
  San Diego CA Community College District GO 5.000% 8/1/22 (Prere.) 4,100 4,528
  San Diego CA Community College District GO 5.000% 8/1/23 (Prere.) 1,000 1,151
  San Diego CA Community College District GO 5.000% 8/1/23 (Prere.) 2,150 2,474
  San Diego CA Community College District GO 4.000% 8/1/32   23,150 26,920
  San Diego CA Public Facilities Financing Authority Sewer Revenue 5.000% 5/15/34   5,000 6,142
  San Diego CA Public Facilities Financing Authority Sewer Revenue 5.000% 5/15/35   5,205 6,384
  San Diego CA Public Facilities Financing Authority Sewer Revenue 5.000% 5/15/36   5,000 6,119
  San Diego CA Public Facilities Financing Authority Water Revenue 5.250% 8/1/20 (Prere.) 5,355 5,399
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/22   3,230 3,562
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/22 (Prere.) 4,190 4,617
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/22 (Prere.) 2,000 2,204
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/25   4,270 5,248
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/32   1,000 1,359
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/33   500 674

 

  144 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/34   600 804
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/35   1,100 1,467
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/36   8,280 10,481
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/37   3,360 4,240
  San Diego CA Public Facilities Financing Authority Water Revenue 4.000% 8/1/38   1,350 1,624
  San Diego CA Public Facilities Financing Authority Water Revenue 4.000% 8/1/39   2,500 2,999
  San Diego CA Redevelopment Agency Tax Allocation 5.000% 9/1/20   1,000 1,012
  San Diego CA Redevelopment Agency Tax Allocation 5.000% 9/1/21   2,135 2,264
  San Diego CA Redevelopment Agency Tax Allocation 5.000% 9/1/22   1,040 1,142
  San Diego CA Redevelopment Agency Tax Allocation 5.000% 9/1/23   1,055 1,202
  San Diego CA Redevelopment Agency Tax Allocation 0.000% 9/1/26 (4) 3,665 3,440
  San Diego CA Unified School District GO 5.000% 7/1/21   15,000 15,783
  San Diego CA Unified School District GO 5.000% 7/1/22   1,580 1,731
  San Diego CA Unified School District GO 5.500% 7/1/22 (4) 12,790 14,158
  San Diego CA Unified School District GO 4.000% 7/1/25   2,500 2,919
  San Diego CA Unified School District GO 5.000% 7/1/25   1,695 2,064
  San Diego CA Unified School District GO 5.500% 7/1/25 (14) 1,130 1,404
  San Diego CA Unified School District GO 0.000% 7/1/26   8,425 7,898
  San Diego CA Unified School District GO 5.000% 7/1/26   5,590 6,806
  San Diego CA Unified School District GO 5.500% 7/1/26 (4) 7,565 9,715
  San Diego CA Unified School District GO 0.000% 7/1/27   8,530 7,840
  San Diego CA Unified School District GO 0.000% 7/1/28   8,000 7,204
  San Diego CA Unified School District GO 5.000% 7/1/28   725 881
  San Diego CA Unified School District GO 5.000% 7/1/28   6,555 7,962
  San Diego CA Unified School District GO 0.000% 7/1/29   3,250 2,859
  San Diego CA Unified School District GO 0.000% 7/1/29   1,250 1,068
  San Diego CA Unified School District GO 5.000% 7/1/29   750 910
  San Diego CA Unified School District GO 5.000% 7/1/29   3,330 4,153
  San Diego CA Unified School District GO 0.000% 7/1/30   10,255 8,772
  San Diego CA Unified School District GO 0.000% 7/1/30   2,570 2,198
  San Diego CA Unified School District GO 0.000% 7/1/30   2,010 1,645
  San Diego CA Unified School District GO 0.000% 7/1/30   2,330 1,993
  San Diego CA Unified School District GO 5.000% 7/1/30   7,610 8,633
  San Diego CA Unified School District GO 0.000% 7/1/31   2,300 1,798
  San Diego CA Unified School District GO 5.000% 7/1/31   1,200 1,450
  San Diego CA Unified School District GO 5.000% 7/1/31   3,000 3,805
  San Diego CA Unified School District GO 5.000% 7/1/31   8,985 10,187
  San Diego CA Unified School District GO 0.000% 7/1/32   2,000 1,491
  San Diego CA Unified School District GO 4.000% 7/1/32   1,000 1,138
  San Diego CA Unified School District GO 5.000% 7/1/32   5,125 5,807
  San Diego CA Unified School District GO 4.000% 8/1/32   1,065 1,232
  San Diego CA Unified School District GO 4.000% 7/1/33   2,000 2,267
  San Diego CA Unified School District GO 5.000% 7/1/33   4,440 5,567

 

  145 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Diego CA Unified School District GO 4.000% 7/1/34   3,000 3,394
  San Diego CA Unified School District GO 4.000% 7/1/34   2,025 2,372
  San Diego CA Unified School District GO 4.000% 7/1/35   3,600 4,061
  San Diego CA Unified School District GO 4.000% 7/1/35   3,390 3,955
  San Diego CA Unified School District GO 4.000% 8/1/35   1,855 2,111
  San Diego CA Unified School District GO 4.000% 7/1/36   1,640 1,965
  San Diego CA Unified School District GO 4.000% 7/1/36   2,145 2,570
  San Diego CA Unified School District GO 4.000% 7/1/37   1,735 2,072
  San Diego CA Unified School District GO 4.000% 7/1/37   1,585 1,892
  San Diego CA Unified School District GO 4.000% 7/1/37   5,155 5,959
  San Diego CA Unified School District GO 4.000% 7/1/38   1,790 2,127
  San Diego CA Unified School District GO 4.000% 7/1/39   1,570 1,860
  San Diego CA Unified School District GO 4.000% 7/1/39   2,000 2,369
  San Diego County CA COP 5.000% 10/15/24   2,125 2,553
  San Diego County CA COP 5.000% 10/15/25   5,305 6,365
  San Diego County CA COP 5.000% 10/15/26   2,590 3,104
  San Diego County CA COP 5.000% 10/15/27   2,000 2,394
  San Diego County CA COP 5.000% 10/15/28   1,400 1,672
  San Diego County CA COP 5.000% 10/15/29   2,010 2,392
  San Diego County CA Limited Obligation Revenue (Sanford Burnham Prebys Medical Discovery Institute) 5.000% 11/1/22   425 472
  San Diego County CA Limited Obligation Revenue (Sanford Burnham Prebys Medical Discovery Institute) 4.000% 11/1/23   1,710 1,916
  San Diego County CA Limited Obligation Revenue (Sanford Burnham Prebys Medical Discovery Institute) 5.000% 11/1/24   805 961
  San Diego County CA Limited Obligation Revenue (Sanford Burnham Prebys Medical Discovery Institute) 5.000% 11/1/26   1,145 1,406
  San Diego County CA Limited Obligation Revenue (Sanford Burnham Prebys Medical Discovery Institute) 5.000% 11/1/28   2,450 3,001
  San Diego County CA Limited Obligation Revenue (Sanford Burnham Prebys Medical Discovery Institute) 5.000% 11/1/30   2,195 2,681
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/23   1,660 1,852
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/23   3,780 4,218
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/23   380 424
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/24   1,265 1,454
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/24   7,115 8,177
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/25   1,000 1,180
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/25   3,700 4,364
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/25   300 354

 

  146 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/25   9,000 9,033
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/26   1,000 1,206
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/26   5,310 6,401
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/26   400 482
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/26   6,000 6,022
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/26   200 241
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/27   1,535 1,891
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/27   5,465 6,731
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/27   400 493
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/27   330 406
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/28   1,140 1,432
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/28   5,570 6,994
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/28   335 421
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/28   3,000 3,011
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/28   350 429
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/29   2,755 3,518
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/29   350 447
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/29   310 378
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/30   2,645 3,423
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/30   750 950
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/30   590 715
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/31   345 442
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/31   3,100 3,976
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/31   1,500 1,887
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/32   360 458
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/32   1,320 1,679
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/32   4,500 5,616

 

  147 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/32   1,000 1,197
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/33   455 575
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/33   1,525 1,926
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/33   2,650 3,286
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/33   1,305 1,554
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/34   475 598
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/34   850 1,070
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/34   1,590 1,965
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/34   1,010 1,200
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/35   505 632
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/35   750 939
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/35   2,875 3,537
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/35   1,000 1,183
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/36   530 660
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/36   2,500 3,114
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/36   5,750 7,042
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/36   2,765 3,260
  San Diego County CA Regional Airport Authority Revenue 4.000% 7/1/37   1,500 1,676
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/37   560 695
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/37   2,470 3,065
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/37   1,690 1,987
  San Diego County CA Regional Airport Authority Revenue 4.000% 7/1/38   1,505 1,676
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/38   585 723
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/38   2,850 3,525
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/39   615 758
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/39   3,035 3,742
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/39   6,000 7,279

 

  148 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/40   650 800
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/40   4,115 5,062
  San Diego County CA Water Authority Revenue 5.000% 5/1/26   2,090 2,626
  San Diego County CA Water Authority Revenue 5.000% 5/1/35   13,795 16,798
  San Diego County CA Water Authority Revenue COP 5.250% 5/1/22 (14) 7,075 7,751
  San Dieguito CA Union High School District GO 4.000% 8/1/23 (Prere.) 1,750 1,955
  San Francisco CA Bay Area Rapid Transit District GO 5.000% 8/1/28   1,685 2,065
  San Francisco CA Bay Area Rapid Transit District GO 4.000% 8/1/34   6,595 7,480
  San Francisco CA Bay Area Rapid Transit District GO 5.000% 8/1/36   1,875 2,317
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/20   1,040 1,044
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/22 (Prere.) 290 319
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/22 (Prere.) 690 758
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/22 (Prere.) 755 830
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/22 (Prere.) 780 857
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/22 (Prere.) 1,885 2,072
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/22 (Prere.) 2,045 2,248
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/27   5,765 6,967
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/28   2,510 3,031
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/30   550 660
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/31   2,215 2,649
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/32   1,625 1,941
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 5.000% 7/1/33   1,500 1,788
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 4.000% 7/1/34   1,615 1,878
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 4.000% 7/1/36   3,035 3,503
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 4.000% 7/1/37   2,510 2,883
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 4.000% 7/1/38   3,045 3,480
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 4.000% 7/1/39   2,075 2,366

 

  149 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Francisco CA City & County (Earthquake Safety & Emergency Response) GO 5.000% 6/15/23   2,220 2,440
  San Francisco CA City & County (Earthquake Safety & Emergency Response) GO 5.000% 6/15/23   4,070 4,474
  San Francisco CA City & County (Earthquake Safety & Emergency Response) GO 5.000% 6/15/24   2,335 2,566
  San Francisco CA City & County (Earthquake Safety & Emergency Response) GO 5.000% 6/15/24   4,270 4,692
  San Francisco CA City & County (Earthquake Safety & Emergency Response) GO 5.000% 6/15/25   2,450 2,691
  San Francisco CA City & County (Earthquake Safety & Emergency Response) GO 5.000% 6/15/25   4,485 4,927
  San Francisco CA City & County COP 5.000% 4/1/27   13,095 15,652
  San Francisco CA City & County COP 5.000% 4/1/28   465 554
  San Francisco CA City & County COP 3.000% 4/1/30   8,085 8,912
  San Francisco CA City & County COP 4.000% 9/1/30   5,215 5,682
  San Francisco CA City & County COP 3.000% 4/1/31   8,405 9,213
  San Francisco CA City & County COP 4.000% 9/1/31   5,100 5,541
  San Francisco CA City & County COP 4.000% 9/1/32   5,680 6,152
  San Francisco CA City & County COP 4.000% 4/1/35   9,870 10,855
  San Francisco CA City & County COP 4.000% 9/1/35   5,170 5,564
  San Francisco CA City & County COP 4.000% 4/1/36   10,665 11,695
  San Francisco CA City & County COP 4.000% 4/1/37   8,590 9,784
  San Francisco CA City & County COP 4.000% 4/1/38   4,930 5,601
  San Francisco CA City & County COP 4.000% 4/1/39   5,290 5,995
  San Francisco CA City & County COP 4.000% 4/1/40   9,660 10,897
  San Francisco CA City & County GO 5.000% 6/15/20   500 501
  San Francisco CA City & County GO 5.000% 6/15/22   2,640 2,839
  San Francisco CA City & County GO 5.000% 6/15/23   4,000 4,299
  San Francisco CA City & County GO 5.000% 6/15/26   2,920 3,340
  San Francisco CA City & County GO 5.000% 6/15/27   5,815 6,648
  San Francisco CA City & County GO 4.000% 6/15/28   4,190 4,610
  San Francisco CA City & County GO 4.000% 6/15/29   4,545 4,990
  San Francisco CA City & County GO 4.000% 6/15/29   7,130 8,058
  San Francisco CA City & County GO 4.000% 6/15/32   1,650 2,013
  San Francisco CA City & County GO 4.000% 6/15/33   200 242
  San Francisco CA City & County GO 4.000% 6/15/33   8,160 9,094
  San Francisco CA City & County GO 4.000% 6/15/34   275 330
  San Francisco CA City & County GO 4.000% 6/15/35   200 238
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/21   5,210 5,413
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/21   965 968
  San Francisco CA City & County International Airport Revenue 5.000% 5/3/21 (Prere.) 550 574
  San Francisco CA City & County International Airport Revenue 5.000% 5/3/21 (Prere.) 1,150 1,200
  San Francisco CA City & County International Airport Revenue 5.000% 5/3/21 (Prere.) 1,200 1,252
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/22   6,410 6,930
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/22   1,705 1,843

 

  150 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

        Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/22   2,465 2,473
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/23   3,335 3,731
  San Francisco CA City & County International Airport Revenue 4.000% 5/1/24   5,775 6,454
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/24   1,700 1,965
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/24   3,245 3,751
  San Francisco CA City & County International Airport Revenue 4.000% 5/1/25   3,625 4,131
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/25   2,110 2,511
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/25   6,180 7,355
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/27   2,040 2,474
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/28   2,220 2,683
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/28   7,625 8,220
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/29   1,885 2,271
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/29   7,205 9,327
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/30   4,790 4,964
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/30   5,000 6,421
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/31   635 759
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/31   4,150 5,290
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/32   10,125 12,798
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/36   9,090 11,271
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/37   10,345 12,782
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/38   10,000 12,316
1 San Francisco CA City & County Multi-Family Housing Revenue (1500 Mission Street Apartments) TOB VRDO 0.490% 6/5/20 LOC 8,100 8,100
2 San Francisco CA City & County Multi-Family Housing Revenue (Eastern Park Apartments LP) PUT 1.300% 1/1/23   4,000 4,066
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 2.125% 10/1/23   3,000 3,107
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/26   5,865 7,243
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/26   1,795 2,217

 

  151 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/27   1,885 2,327
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/30   13,170 14,534
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 11/1/33   2,500 2,949
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/34   9,495 11,503
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/34   3,550 4,488
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 11/1/34   5,000 5,888
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/35   9,980 12,062
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/35   125 157
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/36   10,495 12,666
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/37   3,135 3,915
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/38   4,790 5,957
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/20   2,010 2,050
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/21   1,165 1,244
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 5/1/22 (Prere.) 5,730 6,259
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 5/1/22 (Prere.) 5,000 5,461
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 5/1/22 (Prere.) 3,020 3,296
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/22   945 1,053
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/23   4,245 4,921
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/23   1,425 1,652
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/24   1,000 1,202
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/25   6,035 7,364
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/27   7,755 9,445
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/27   1,000 1,218
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 10/1/28   10,235 11,323
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/28   5,355 6,516
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/28   2,640 3,157
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/28   3,830 4,580

 

  152 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/28   1,830 2,188
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/29   12,685 15,381
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/29   3,300 3,934
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/29   4,025 4,798
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/29   1,925 2,295
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/29   3,510 3,811
  San Francisco CA City & County Public Utilities Commission Water Revenue 4.000% 11/1/30   3,660 4,332
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/30   3,470 4,123
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/30   4,230 5,026
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/30   2,025 2,406
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 10/1/31   2,000 2,437
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 10/1/31   14,015 15,459
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/31   1,000 1,203
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/31   3,650 4,323
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/31   4,450 5,270
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/31   2,130 2,523
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 10/1/32   3,000 3,645
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 10/1/32   3,610 3,980
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/32   2,675 3,209
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/32   3,835 4,527
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/32   4,680 5,525
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/32   2,240 2,644
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/33   6,280 7,761
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/35   8,145 10,004
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/35   4,000 4,703
  San Francisco CA City & County Public Utilities Commission Water Revenue 4.000% 11/1/36   8,625 9,850
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/36   1,100 1,312

 

  153 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/38   1,520 1,780
  San Francisco CA City & County Public Utilities Commission Water Revenue 5.000% 11/1/39   5,090 5,953
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/20   130 131
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/21   160 169
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/22   125 136
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/23   120 134
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/24   440 508
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/24   860 993
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/24   305 352
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/24   135 156
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/25   400 474
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/25   400 474
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/25   240 276
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/26   1,405 1,702

 

  154 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/26   500 606
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/27   500 602
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/27   500 602
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/27   140 160
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/28   835 1,002
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/29   745 888
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/29   460 520
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/30   550 650
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/31   710 835
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/31   400 449
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/32   450 527
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/32   1,000 1,170
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/32   860 1,006

 

  155 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/32   525 587
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/33   670 781
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/33   660 769
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/33   750 874
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/34   700 814
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/34   660 767
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/34   555 645
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/34   225 250
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/35   400 463
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/35   900 1,042
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/35   620 718
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/36   350 404
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/36   625 722

 

  156 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project) 5.000% 8/1/36   780 901
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Redevelopment Projects) 5.000% 8/1/21   2,030 2,144
  San Francisco CA City & County Unified School District GO 5.000% 6/15/24   1,100 1,296
  San Francisco CA City & County Unified School District GO 5.000% 6/15/27   6,475 7,603
  San Francisco CA City & County Unified School District GO 5.000% 6/15/28   10,170 11,924
  San Francisco CA City & County Unified School District GO 4.000% 6/15/32   5,300 5,601
  San Francisco CA City & County Unified School District GO 4.250% 6/15/33   4,000 4,240
  San Francisco CA Municipal Transportation Agency Revenue 5.000% 3/1/29   1,585 1,765
  San Francisco CA Municipal Transportation Agency Revenue 5.000% 3/1/32   2,170 2,400
  San Francisco CA Municipal Transportation Agency Revenue 5.000% 3/1/33   3,025 3,338
  San Francisco CA Municipal Transportation Agency Revenue 5.000% 3/1/34   1,640 1,862
  San Jacinto CA Unified School District COP 5.000% 9/1/20 (4) 575 581
  San Jacinto CA Unified School District COP 5.000% 9/1/21 (4) 850 899
  San Jacinto CA Unified School District COP 5.000% 9/1/23 (4) 470 534
  San Jacinto CA Unified School District COP 5.000% 9/1/24 (4) 985 1,160
  San Jacinto CA Unified School District COP 5.000% 9/1/29 (4) 1,255 1,662
  San Jacinto CA Unified School District COP 5.000% 9/1/31 (4) 1,385 1,843
  San Jacinto CA Unified School District COP 5.000% 9/1/33 (4) 1,525 1,991
  San Jacinto CA Unified School District COP 5.000% 9/1/35 (4) 1,685 2,176
  San Joaquin County CA Transportation Authority Revenue 4.000% 3/1/21   710 729
  San Joaquin County CA Transportation Authority Revenue 5.000% 3/1/22   320 346
  San Joaquin County CA Transportation Authority Revenue 5.000% 3/1/33   7,115 8,754
  San Joaquin County CA Transportation Authority Revenue 5.000% 3/1/34   1,485 1,819
  San Joaquin County CA Transportation Authority Revenue 5.000% 3/1/35   5,750 7,020
  San Joaquin County CA Transportation Authority Revenue 5.000% 3/1/36   4,725 6,013
  San Joaquin County CA Transportation Authority Revenue 5.000% 3/1/38   3,385 4,272
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue 0.000% 1/15/22 (14) 580 572
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue 0.000% 1/1/23 (ETM) 16,000 15,795
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue 0.000% 1/15/24 (14) 7,140 6,424

 

  157 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue 0.000% 1/1/25 (ETM) 14,750 14,397
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue 0.000% 1/15/27 (14) 100 82
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue 5.000% 1/15/29   12,210 13,590
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue 5.000% 1/15/34   4,460 4,852
  San Jose CA Airport Revenue 5.000% 3/1/26   4,610 4,748
  San Jose CA Airport Revenue 5.000% 3/1/29   200 247
  San Jose CA Airport Revenue 5.000% 3/1/30   250 307
  San Jose CA Airport Revenue 5.000% 3/1/33   500 604
  San Jose CA Airport Revenue 5.000% 3/1/34   500 603
  San Jose CA Airport Revenue 5.000% 3/1/36   3,020 3,614
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.000% 8/1/20 (Prere.) 1,270 1,280
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.000% 8/1/20 (Prere.) 1,140 1,149
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.125% 8/1/20 (Prere.) 570 575
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.250% 8/1/20 (Prere.) 800 807
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.375% 8/1/20 (Prere.) 1,355 1,366
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.000% 8/1/21   7,595 8,008
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.000% 8/1/22   3,500 3,838
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.000% 8/1/23   5,000 5,694
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.000% 8/1/24   5,000 5,893
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.000% 8/1/26   3,650 4,530
  San Jose CA Redevelopment Agency Tax Allocation Revenue 5.000% 8/1/27   2,335 2,954
  San Jose CA Special Hotel Tax Revenue (Convention Center Expansion & Renovation Project) 6.125% 5/1/31   5,000 5,100
  San Jose CA Unified School District Santa Clara County GO 5.000% 8/1/22   500 552
  San Jose CA Unified School District Santa Clara County GO 5.000% 8/1/23   400 459
  San Jose CA Unified School District Santa Clara County GO 5.000% 8/1/24   525 625
  San Jose CA Unified School District Santa Clara County GO 5.000% 8/1/25   440 541
  San Jose CA Unified School District Santa Clara County GO 5.000% 8/1/26   775 980
  San Jose CA Unified School District Santa Clara County GO 5.000% 8/1/27   780 1,014
  San Jose-Evergreen CA Community College District GO 5.000% 9/1/34   1,000 1,173
  San Juan CA Unified School District GO 0.000% 8/1/25 (4) 10,000 9,619

 

  158 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Juan CA Unified School District GO 0.000% 8/1/26 (4) 12,215 11,541
  San Juan CA Unified School District GO 4.000% 8/1/31   3,250 3,807
3 San Leandro CA Unified School District GO 4.000% 8/1/27 (15) 150 182
3 San Leandro CA Unified School District GO 4.000% 8/1/28 (15) 200 246
3 San Leandro CA Unified School District GO 4.000% 8/1/29 (15) 375 457
3 San Leandro CA Unified School District GO 4.000% 8/1/30 (15) 300 363
3 San Leandro CA Unified School District GO 4.000% 8/1/31 (15) 400 479
3 San Leandro CA Unified School District GO 4.000% 8/1/32 (15) 525 621
3 San Leandro CA Unified School District GO 4.000% 8/1/33 (15) 400 469
3 San Leandro CA Unified School District GO 4.000% 8/1/34 (15) 670 784
3 San Leandro CA Unified School District GO 4.000% 8/1/35 (15) 275 320
3 San Leandro CA Unified School District GO 4.000% 8/1/36 (15) 1,230 1,427
3 San Leandro CA Unified School District GO 4.000% 8/1/37 (15) 850 983
3 San Leandro CA Unified School District GO 4.000% 8/1/38 (15) 780 899
3 San Leandro CA Unified School District GO 4.000% 8/1/39 (15) 400 460
  San Luis & Delta Mendota CA Water Authority Revenue 5.000% 3/1/24 (15) 855 967
  San Luis & Delta Mendota CA Water Authority Revenue 5.000% 3/1/25 (15) 970 1,095
  San Luis & Delta Mendota CA Water Authority Revenue 5.000% 3/1/26 (15) 500 563
  San Luis & Delta Mendota CA Water Authority Revenue 5.000% 3/1/27 (15) 1,070 1,202
  San Luis & Delta Mendota CA Water Authority Revenue 5.000% 3/1/28 (15) 600 673
  San Luis & Delta Mendota CA Water Authority Revenue 5.000% 3/1/33 (15) 2,790 3,131
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/25 (4) 800 951
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/26 (4) 635 772
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/27 (4) 600 746
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/28 (4) 890 1,102
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/30 (4) 750 920
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/31 (4) 1,060 1,292
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/32 (4) 850 1,028
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/33 (4) 635 765
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/35 (4) 1,000 1,196
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/36 (4) 1,325 1,579
  San Marcos CA Schools Financing Authority Lease Revenue 5.000% 8/15/37 (4) 1,750 2,080
  San Marcos CA Unified School District GO 0.000% 8/1/25   2,300 2,200
  San Marcos CA Unified School District GO 0.000% 8/1/30   2,000 1,705
  San Marcos CA Unified School District GO 5.000% 8/1/30   4,050 5,134
  San Marcos CA Unified School District GO 0.000% 8/1/31   2,000 1,656
  San Marcos CA Unified School District GO 5.000% 8/1/31   3,615 4,557

 

  159 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

          Face Market
      Maturity   Amount Value•
    Coupon Date   ($000) ($000)
  San Marcos CA Unified School District GO 0.000% 8/1/32   2,500 2,004
  San Marcos CA Unified School District GO 4.000% 8/1/32   300 355
  San Marcos CA Unified School District GO 5.000% 8/1/34   3,545 4,406
  San Marcos CA Unified School District GO 5.000% 8/1/35   4,000 4,952
  San Marcos CA Unified School District GO 5.000% 8/1/36   3,375 4,163
  San Marcos CA Unified School District GO 4.000% 8/1/37   4,015 4,629
  San Marcos CA Unified School District GO 4.000% 8/1/38   9,140 10,497
  San Mateo CA Union High School District GO 0.000% 9/1/23 (Prere.) 2,725 2,579
  San Mateo CA Union High School District GO 5.000% 9/1/23 (Prere.) 1,315 1,514
  San Mateo CA Union High School District GO 5.000% 9/1/23 (Prere.) 725 835
  San Mateo CA Union High School District GO 5.000% 9/1/23 (Prere.) 1,285 1,484
  San Mateo CA Union High School District GO 5.000% 9/1/23 (Prere.) 715 826
  San Mateo CA Union High School District GO 0.000% 9/1/24   2,665 2,515
  San Mateo CA Union High School District GO 4.000% 9/1/32   3,155 3,623
  San Mateo CA Union High School District GO 4.000% 9/1/33   3,540 4,123
  San Mateo CA Union High School District GO 4.000% 9/1/33   1,950 2,271
  San Mateo CA Union High School District GO 4.000% 9/1/35   1,585 1,831
  San Mateo County CA Community College District GO 0.000% 9/1/21 (14) 4,645 4,625
  San Mateo County CA Community College District GO 0.000% 9/1/22 (14) 5,675 5,619
  San Mateo County CA Community College District GO 0.000% 9/1/24 (14) 2,825 2,734
  San Mateo County CA Community College District GO 0.000% 9/1/25 (14) 4,000 3,799
  San Mateo County CA Community College District GO 0.000% 9/1/30 (14) 5,740 4,875
  San Mateo County CA Community College District GO 4.000% 9/1/34   2,670 3,179
  San Mateo County CA Community College District GO 5.000% 9/1/36   1,000 1,299
  San Mateo County CA Community College District GO 5.000% 9/1/37   1,000 1,295
  San Mateo County CA Community College District GO 5.000% 9/1/38   750 967
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Capital Project Program) 5.000% 7/15/35 (4) 4,875 6,165
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Capital Project Program) 5.000% 7/15/36   6,075 7,641
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Capital Project Program) 5.000% 7/15/37   6,435 8,068
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Maple Street Correctional Center) 5.000% 6/15/23   1,210 1,376
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Maple Street Correctional Center) 5.000% 6/15/27   2,000 2,351
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Youth Services Campus) 4.000% 7/15/21   1,035 1,078

 

  160 

 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
      San Mateo County CA Joint Powers Financing Authority Lease Revenue (Youth Services Campus)     5.000%           7/15/22               1,335 1,466
San Mateo County CA Joint Powers Financing Authority Lease Revenue (Youth Services Campus) 5.000% 7/15/23 1,630 1,860
San Mateo County CA Joint Powers Financing Authority Lease Revenue (Youth Services Campus) 4.000% 7/15/32 4,500 5,143
San Mateo County CA Joint Powers Financing Authority Lease Revenue (Youth Services Campus) 4.000% 7/15/33 5,000 5,689
San Mateo County CA Transportation Authority Revenue 4.000% 6/1/20 770 770
San Mateo County CA Transportation Authority Revenue 5.000% 6/1/20 790 790
San Mateo County CA Transportation Authority Revenue 5.000% 6/1/21 1,385 1,452
San Mateo County CA Transportation Authority Revenue 4.000% 6/1/22 600 646
San Mateo County CA Transportation Authority Revenue 5.000% 6/1/22 805 882
San Mateo County CA Transportation Authority Revenue 4.000% 6/1/23 1,540 1,713
San Mateo County CA Transportation Authority Revenue 5.000% 6/1/23 900 1,028
San Mateo County CA Transportation Authority Revenue 4.000% 6/1/24 750 860
San Mateo County CA Transportation Authority Revenue 5.000% 6/1/24 1,250 1,482
San Mateo County CA Transportation Authority Revenue 5.000% 6/1/25 1,265 1,552
San Mateo County CA Transportation Authority Revenue 5.000% 6/1/31 1,365 1,644
San Mateo Foster City CA Public Financing Authority Street & Flood Control Revenue 4.000% 5/1/38 600 689
San Mateo Foster City CA Public Financing Authority Street & Flood Control Revenue 4.000% 5/1/39 600 687
San Mateo Foster City CA Public Financing Authority Street & Flood Control Revenue 4.000% 5/1/40 550 626
San Mateo Foster City CA Public Financing Authority Wastewater Revenue 5.000% 8/1/34 825 1,088
San Mateo Foster City CA Public Financing Authority Wastewater Revenue 4.000% 8/1/35 1,500 1,789
San Mateo Foster City CA Public Financing Authority Wastewater Revenue 5.000% 8/1/36 1,425 1,860
San Mateo Foster City CA Public Financing Authority Wastewater Revenue 4.000% 8/1/37 2,750 3,249
San Mateo Foster City CA Public Financing Authority Wastewater Revenue 4.000% 8/1/39 1,250 1,465
San Mateo-Foster City CA School District GO 4.000% 8/1/25 (Prere.) 1,580 1,878
San Pablo CA Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 6/15/22 (4) 1,000

1,089

 

  161 

 

 

California Intermediate-Term Tax-Exempt Fund

 

        Face   Market  
      Maturity   Amount   Value•  
    Coupon   Date   ($000 )  ($000 )
  San Pablo CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   6/15/23 (4)   1,250   1,412  
  San Pablo CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   6/15/27 (4)   1,770   2,045  
  San Pablo CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   6/15/28 (4)   1,860   2,141  
  San Pablo CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   6/15/30 (4)   2,275   2,598  
  San Rafael CA Elementary School District Capital Appreciation GO   0.000%   8/1/29 (14)   3,025   2,630  
  San Rafael CA Elementary School District GO   0.000%   8/1/25 (14)   1,765   1,680  
  San Rafael CA Elementary School District GO   3.000%   8/1/34   325   353  
  San Rafael CA Elementary School District GO   3.000%   8/1/35   1,210   1,304  
  San Rafael CA Elementary School District GO   3.000%   8/1/37   825   880  
  San Rafael CA High School District GO   0.000%   8/1/25 (14)   410   395  
  San Rafael CA High School District GO   0.000%   8/1/26 (14)   3,315   3,140  
  San Rafael CA High School District GO   0.000%   8/1/29 (14)   6,505   5,806  
  San Rafael CA High School District GO   4.000%   8/1/35   1,075   1,288  
  San Rafael CA High School District GO   4.000%   8/1/36   1,200   1,432  
  San Rafael CA High School District GO   3.000%   8/1/38   1,200   1,291  
  San Rafael CA High School District GO   3.000%   8/1/39   1,000   1,073  
  San Rafael CA High School District GO   3.000%   8/1/40   1,450   1,546  
  San Ramon CA Public Financing Authority Tax Allocation Revenue   0.000%   2/1/25 (2)   1,020   966  
  San Ramon CA Public Financing Authority Tax Allocation Revenue   0.000%   2/1/27 (2)   1,700   1,537  
  San Ramon CA Public Financing Authority Tax Allocation Revenue   0.000%   2/1/28 (2)   1,800   1,589  
  San Ramon CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   2/1/25 (15)   1,520   1,821  
  San Ramon CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   2/1/26 (15)   1,595   1,885  
  San Ramon CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   2/1/27 (15)   1,670   1,966  
  San Ramon Valley CA Unified School District GO   4.000%   8/1/28   1,225   1,357  
  San Ramon Valley CA Unified School District GO   4.000%   8/1/28   1,225   1,357  
  San Ramon Valley CA Unified School District GO   4.000%   8/1/32   2,000   2,291  
  San Ysidro CA School District COP   5.000%   9/1/27 (15)   100   109  
  San Ysidro CA School District COP   5.000%   9/1/31 (15)   200   217  
  San Ysidro CA School District COP   5.000%   9/1/34 (15)   200   215  
  San Ysidro CA School District COP   5.000%   9/1/37 (15)   320   344  
  San Ysidro CA School District GO   0.000%   8/1/26 (14)   4,770   4,276  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   5.000%   8/1/21   125   132  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   5.000%   8/1/22   100   110  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   5.000%   8/1/23   100   114  

 

  162 

 

 

California Intermediate-Term Tax-Exempt Fund

 

        Face   Market  
      Maturity   Amount   Value•  
    Coupon   Date   ($000 ) ($000 )
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   5.000%   8/1/24   130   154  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   5.000%   8/1/25   150   183  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   5.000%   8/1/26   200   251  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   5.000%   8/1/27   250   322  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   4.000%   8/1/28   275   334  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   4.000%   8/1/29   350   423  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   4.000%   8/1/30   500   601  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   4.000%   8/1/31   500   598  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   4.000%   8/1/32   500   593  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   4.000%   8/1/33   860   1,010  
  Santa Ana CA Unified School District COP   0.000%   4/1/32 (4)   1,750   1,344  
  Santa Ana CA Unified School District GO   0.000%   8/1/31 (14)   3,825   3,078  
  Santa Barbara CA Unified School District GO   4.000%   8/1/30   875   1,048  
  Santa Barbara CA Unified School District GO   4.000%   8/1/30   300   359  
  Santa Clara CA Electric Revenue   5.000%   7/1/21 (Prere.)   1,000   1,051  
  Santa Clara CA Electric Revenue   5.250%   7/1/21 (Prere.)   2,525   2,660  
  Santa Clara CA Electric Revenue   4.000%   1/1/23 (Prere.)   4,720   5,160  
  Santa Clara CA Electric Revenue   4.000%   1/1/23 (Prere.)   5,200   5,684  
  Santa Clara CA Electric Revenue   4.000%   1/1/23 (Prere.)   5,230   5,717  
  Santa Clara CA Financing Authority Revenue   4.000%   5/15/33   7,500   8,424  
  Santa Clara CA Financing Authority Revenue   3.000%   5/1/36   2,000   2,140  
  Santa Clara CA Financing Authority Revenue   3.000%   5/1/37   2,000   2,122  
  Santa Clara CA Financing Authority Revenue   3.000%   5/1/38   2,000   2,100  
  Santa Clara CA Financing Authority Revenue   3.000%   5/1/39   2,000   2,094  
  Santa Clara CA Financing Authority Revenue   3.000%   5/1/40   2,000   2,073  
  Santa Clara CA Unified School District GO   5.000%   7/1/21   2,290   2,410  
  Santa Clara CA Unified School District GO   5.000%   7/1/22   2,060   2,270  
  Santa Clara CA Unified School District GO   5.000%   7/1/23   2,185   2,510  
  Santa Clara CA Unified School District GO   5.000%   7/1/25   3,120   3,711  
  Santa Clara CA Unified School District GO   5.000%   7/1/25   3,595   4,276  
  Santa Clara CA Unified School District GO   4.000%   7/1/29   6,650   7,847  
  Santa Clara CA Unified School District GO   4.000%   7/1/29   8,235   9,717  
  Santa Clara CA Unified School District GO   4.000%   7/1/30   8,800   10,305  
  Santa Clara CA Unified School District GO   3.000%   7/1/31   4,460   4,914  

 

  163 

 

 

California Intermediate-Term Tax-Exempt Fund

 

        Face   Market  
      Maturity   Amount   Value•  
    Coupon   Date   ($000 )  ($000 ) 
  Santa Clara CA Unified School District GO   3.000%   7/1/32   4,770   5,202  
  Santa Clara CA Unified School District GO   3.000%   7/1/33   1,610   1,738  
  Santa Clara CA Unified School District GO   4.000%   7/1/33   8,750   10,031  
  Santa Clara CA Unified School District GO   3.000%   7/1/34   5,430   5,830  
  Santa Clara CA Unified School District GO   3.000%   7/1/36   6,150   6,522  
  Santa Clara CA Unified School District GO   3.000%   7/1/37   6,545   6,923  
  Santa Clara CA Unified School District GO   3.000%   7/1/38   3,225   3,394  
  Santa Clara County CA Financing Authority Lease Revenue (Multiple Facilities Projects)   5.000%   5/15/22   6,060   6,628  
  Santa Clara County CA Financing Authority Revenue   5.000%   5/15/22   4,090   4,473  
  Santa Clara County CA Financing Authority Revenue   5.000%   5/15/25   6,510   7,957  
  Santa Clara County CA Financing Authority Revenue   5.000%   5/15/26   6,800   8,315  
  Santa Clara County CA GO   5.000%   8/1/28   8,830   9,737  
  Santa Clara Valley CA Joint Powers Authority Revenue   5.000%   8/1/22   710   784  
  Santa Clara Valley CA Joint Powers Authority Revenue   5.000%   8/1/23   375   431  
  Santa Clara Valley CA Joint Powers Authority Revenue   5.000%   8/1/24   275   328  
  Santa Clara Valley CA Joint Powers Authority Revenue   4.000%   8/1/25   615   727  
  Santa Clara Valley CA Joint Powers Authority Revenue   4.000%   8/1/26   710   858  
  Santa Clara Valley CA Joint Powers Authority Revenue   5.000%   8/1/29   545   685  
  Santa Clara Valley CA Joint Powers Authority Revenue   5.000%   8/1/30   1,235   1,541  
  Santa Clara Valley CA Water District COP   5.000%   6/1/20   575   575  
  Santa Clara Valley CA Water District COP   5.000%   6/1/21   525   550  
  Santa Clara Valley CA Water District COP   5.000%   6/1/22   550   603  
  Santa Clara Valley CA Water District COP   5.000%   6/1/23   845   965  
  Santa Clarita CA Community College District GO   5.000%   8/1/22 (Prere.)   5,450   6,018  
  Santa Clarita CA Community College District GO   0.000%   8/1/28 (14)   400   363  
  Santa Clarita CA Community College District GO   0.000%   8/1/29 (4)   3,030   2,690  
  Santa Clarita CA Community College District GO   0.000%   8/1/30 (4)   1,860   1,607  
  Santa Clarita CA Community College District GO   3.000%   8/1/33   350   384  
  Santa Clarita CA Community College District GO   3.000%   8/1/34   450   490  
  Santa Clarita CA Community College District GO   3.000%   8/1/35   700   756  
  Santa Clarita CA Community College District GO   3.000%   8/1/37   800   854  
  Santa Clarita CA Community College District GO   3.000%   8/1/38   750   796  
  Santa Clarita CA Community College District GO   3.000%   8/1/39   900   952  

 

  164 

 

 

California Intermediate-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity     Amount   Value•  
    Coupon   Date     ($000 )  ($000 ) 
  Santa Clarita CA Community College District GO   3.000%   8/1/40     800   842  
  Santa Monica CA Community College District GO   0.000%   8/1/24     4,500   4,398  
  Santa Monica CA Community College District GO   0.000%   8/1/26     11,025   10,443  
  Santa Monica CA Community College District GO   4.000%   8/1/30     2,000   2,239  
  Santa Monica CA Community College District GO   5.000%   8/1/30     500   654  
  Santa Monica CA Community College District GO   5.000%   8/1/31     600   780  
  Santa Monica CA Community College District GO   4.000%   8/1/32     2,565   2,851  
  Santa Monica CA Community College District GO   5.000%   8/1/32     535   690  
  Santa Monica CA Community College District GO   4.000%   8/1/33     3,510   3,889  
  Santa Monica CA Community College District GO   4.000%   8/1/33     500   599  
  Santa Monica CA Community College District GO   4.000%   8/1/34     635   755  
  Santa Monica-Malibu CA Unified School District GO   5.000%   7/1/30     250   318  
  Santa Monica-Malibu CA Unified School District GO   5.000%   7/1/31     350   443  
  Santa Monica-Malibu CA Unified School District GO   4.000%   8/1/31     1,600   1,833  
  Santa Monica-Malibu CA Unified School District GO   5.000%   7/1/32     250   314  
  Santa Monica-Malibu CA Unified School District GO   5.000%   7/1/33     250   312  
  Santa Monica-Malibu CA Unified School District GO   4.000%   8/1/33     1,150   1,306  
  Santa Monica-Malibu CA Unified School District GO   5.000%   7/1/34     315   392  
  Santa Monica-Malibu CA Unified School District GO   5.000%   7/1/35     350   434  
  Santa Monica-Malibu CA Unified School District GO   4.000%   7/1/36     430   502  
  Santa Monica-Malibu CA Unified School District GO   4.000%   7/1/37     465   541  
  Santa Rosa CA High School District GO   5.000%   8/1/28 (4)   500   622  
  Santa Rosa CA High School District GO   5.000%   8/1/30 (4)   800   990  
  Santa Rosa CA High School District GO   5.000%   8/1/32 (4)   1,095   1,349  
  Santa Rosa CA High School District GO   5.000%   8/1/34 (4)   965   1,185  
  Santa Rosa CA High School District GO   5.000%   8/1/35 (4)   750   918  
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/21     1,300   1,377  
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/22     1,165   1,288  
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/23     970   1,115  
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/24     865   1,029  
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/25     815   1,000  
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/26     920   1,161  
  Santa Rosa CA Wastewater Revenue   0.000%   9/1/28 (4)   11,095   9,983  

 

  165 

 

 

California Intermediate-Term Tax-Exempt Fund

 

        Face   Market  
      Maturity   Amount   Value•  
    Coupon   Date   ($000 )  ($000 ) 
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/29   2,870   3,158  
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/30   3,055   3,358  
  Santee CA CDC Successor Agency Tax Allocation Revenue   4.000%   8/1/21   600   625  
  Santee CA CDC Successor Agency Tax Allocation Revenue   5.000%   8/1/22   570   622  
  Sequoia CA Union High School District GO   4.000%   7/1/43   32,370   36,021  
  Shasta-Tehama-Trinity CA Joint Community College District GO   5.000%   8/1/31   300   378  
  Shasta-Tehama-Trinity CA Joint Community College District GO   5.000%   8/1/32   275   344  
  Shasta-Tehama-Trinity CA Joint Community College District GO   4.000%   8/1/36   700   809  
  Shasta-Tehama-Trinity CA Joint Community College District GO   4.000%   8/1/37   1,000   1,153  
  Silicon Valley CA Clean Water Wastewater Revenue   5.000%   8/1/21   725   766  
  Silicon Valley CA Clean Water Wastewater Revenue   5.000%   8/1/24   1,000   1,184  
  Silicon Valley CA Clean Water Wastewater Revenue   5.000%   8/1/28   1,000   1,214  
  Silicon Valley CA Clean Water Wastewater Revenue   5.000%   8/1/35   1,000   1,197  
  Simi Valley CA Unified School District GO   5.000%   8/1/20   1,500   1,512  
  Simi Valley CA Unified School District GO   5.000%   8/1/21   1,220   1,288  
  Simi Valley CA Unified School District GO   5.000%   8/1/22   1,500   1,649  
  Simi Valley CA Unified School District GO   5.000%   8/1/23   2,500   2,856  
  Simi Valley CA Unified School District GO   5.000%   8/1/24   3,455   4,090  
  Simi Valley CA Unified School District GO   5.000%   8/1/25   2,785   3,402  
  Simi Valley CA Unified School District GO   0.000%   8/1/26 (4)   3,030   2,835  
  Simi Valley CA Unified School District GO   5.000%   8/1/26   2,025   2,542  
  Simi Valley CA Unified School District GO   0.000%   8/1/27 (4)   2,950   2,708  
  Simi Valley CA Unified School District GO   0.000%   8/1/28 (4)   4,785   4,298  
  Simi Valley CA Unified School District GO   4.000%   8/1/32   200   237  
  Simi Valley CA Unified School District GO   4.000%   8/1/33   175   206  
  Simi Valley CA Unified School District GO   3.000%   8/1/34   320   347  
  Simi Valley CA Unified School District GO   3.000%   8/1/35   525   566  
  Simi Valley CA Unified School District GO   3.000%   8/1/36   750   803  
  Simi Valley CA Unified School District GO   4.000%   8/1/36   1,240   1,434  
  Simi Valley CA Unified School District GO   3.000%   8/1/37   500   534  
  Simi Valley CA Unified School District GO   4.000%   8/1/37   1,320   1,522  
  Simi Valley CA Unified School District GO   4.000%   8/1/38   350   402  
  Simi Valley CA Unified School District GO   4.000%   8/1/39   365   418  
  Solana Beach CA School District Special Tax Revenue   5.000%   9/1/29   2,115   2,283  
  Solana Beach CA School District Special Tax Revenue   5.000%   9/1/32   2,655   2,847  
  Solano County CA Community College District GO   0.000%   8/1/21 (14)   985   982  
  Soledad CA Unified School District Revenue BAN   0.000%   8/1/21   2,120   2,108  
  Sonoma County CA Transportation Authority Sales Tax Revenue   5.000%   12/1/22   2,520   2,820  
  Sonoma County Junior College District GO   3.000%   8/1/39   1,055   1,132  

 

  166 

 

 

California Intermediate-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity     Amount   Value•  
    Coupon   Date     ($000 ) ($000 )
  Sonoma Valley CA Unified School District GO   5.000%   8/1/32     1,250   1,504  
  South Bay CA Union School District (San Diego County) BAN   0.000%   8/1/22     2,250   2,223  
  South Bayside CA Waste Management Authority Solid Waste Enterprise Revenue (Shoreway Environment Center)   5.000%   9/1/31 (4)   320   424  
  South Bayside CA Waste Management Authority Solid Waste Enterprise Revenue (Shoreway Environment Center)   5.000%   9/1/32 (4)   500   655  
  South Bayside CA Waste Management Authority Solid Waste Enterprise Revenue (Shoreway Environment Center)   5.000%   9/1/33 (4)   450   586  
  South Bayside CA Waste Management Authority Solid Waste Enterprise Revenue (Shoreway Environment Center)   5.000%   9/1/34 (4)   1,335   1,732  
  South Bayside CA Waste Management Authority Solid Waste Enterprise Revenue (Shoreway Environment Center)   5.000%   9/1/37 (4)   2,240   2,867  
  South Bayside CA Waste Management Authority Solid Waste Enterprise Revenue (Shoreway Environment Center)   5.000%   9/1/38 (4)   2,630   3,353  
  South Orange County CA Public Financing Authority Special Tax Revenue   5.000%   8/15/23     1,000   1,075  
  South Orange County CA Public Financing Authority Special Tax Revenue   5.000%   8/15/25     1,250   1,340  
  South San Francisco CA Public Financing Authority Lease Revenue   4.000%   6/1/33     355   433  
  South San Francisco CA Public Financing Authority Lease Revenue   4.000%   6/1/35     700   838  
  South San Francisco CA Public Financing Authority Lease Revenue   4.000%   6/1/37     550   653  
  South San Francisco CA Public Financing Authority Lease Revenue   4.000%   6/1/38     485   573  
  South San Francisco CA Public Financing Authority Lease Revenue   4.000%   6/1/39     600   706  
  South San Francisco CA Public Financing Authority Lease Revenue   4.000%   6/1/40     700   819  
  South San Francisco CA Unified School District GO   4.000%   9/1/33     6,330   7,228  
  South San Francisco CA Unified School District GO   5.000%   9/1/40     150   179  
  Southern California Public Power Authority Revenue   5.000%   7/1/25     6,790   8,157  
  Southern California Public Power Authority Revenue   5.000%   7/1/37     1,800   2,084  
  Southern California Public Power Authority Revenue (Canyon Power Project)   5.000%   7/1/20     1,000   1,004  
  Southern California Public Power Authority Revenue (Canyon Power Project)   5.000%   7/1/21     1,000   1,052  
  Southern California Public Power Authority Revenue (Canyon Power Project)   5.000%   7/1/23     4,000   4,206  
  Southern California Public Power Authority Revenue (Canyon Power Project)   5.000%   7/1/24     2,375   2,495  

 

  167 

 

 

California Intermediate-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity     Amount   Value•  
    Coupon   Date     ($000 ) ($000 )
 
 		 Southern California Public Power Authority Revenue (Canyon Power Project)     5.000%     7/1/25         1,675     1,758    
    Southern California Public Power Authority Revenue (Canyon Power Project)     5.000%     7/1/26         1,250     1,312    
    Southern California Public Power Authority Revenue (Canyon Power Project)     5.000%     7/1/27         1,000     1,049    
    Southern California Public Power Authority Revenue (Canyon Power Project) PUT     2.250%     5/1/21         45,800     46,018    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/24         850     1,007    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/25         1,085     1,326    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/26         700     877    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/27         1,135     1,459    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/28         3,860     5,090    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/29         2,000     2,693    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/30         1,725     2,380    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/31         1,630     2,215    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/32         1,400     1,891    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/33         1,200     1,596    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/34         1,555     2,064    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/35         1,580     2,085    
    Southern California Public Power Authority Revenue (Magnolia Power Project)     5.000%     7/1/36         2,600     3,425    
    Southern California Public Power Authority Revenue (Natural Gas Project)     5.250%     11/1/23         5,540     6,192    
    Southern California Public Power Authority Revenue (Natural Gas Project)     5.250%     11/1/24         5,000     5,736    
    Southern California Public Power Authority Revenue (Natural Gas Project)     5.250%     11/1/25         7,025     8,244    
    Southern California Public Power Authority Revenue (Natural Gas Project)     5.250%     11/1/26         3,525     4,220    
    Southern California Public Power Authority Revenue (Natural Gas Project)     5.000%     11/1/28         2,265     2,778    
    Southern California Public Power Authority Revenue (Natural Gas Project)     5.000%     11/1/29         300     373    
    Southern California Public Power Authority Revenue (Natural Gas Project)     5.000%     11/1/33         5,765     7,288    
    Southern California Public Power Authority Revenue (Tieton Hydropower Project)     5.000%     7/1/26         320     401    
    Southern California Public Power Authority Revenue (Tieton Hydropower Project)     5.000%     7/1/27         350     450    
    Southern California Public Power Authority Revenue (Tieton Hydropower Project)     5.000%     7/1/28         585     769    

 

  168 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/29     430   579  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/30     400   549  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/31     325   442  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/32     500   673  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/33     840   1,117  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/34     875   1,159  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/35     600   792  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/36     800   1,051  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   5.000%   7/1/37     1,000   1,307  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   4.000%   7/1/39     1,305   1,536  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   4.000%   7/1/40     625   734  
  Southern California Public Power Authority Revenue (Windy Point/Windy Flats Project)   5.000%   4/1/24     3,600   4,188  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/22     900   993  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/23     1,370   1,575  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/24     700   835  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/25     805   993  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/26     750   926  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/27     1,460   1,798  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/29     1,500   1,837  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/30     1,120   1,367  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/31     1,470   1,791  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/32     2,410   2,932  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/33     2,325   2,824  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/34     4,825   5,847  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/35     2,840   3,435  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/36     3,000   3,622  
  Southwestern California Community College District GO   0.000%   8/1/24     750   726  

 

  169 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Southwestern California Community College District GO   0.000%   8/1/25     1,090   1,031  
  Southwestern California Community College District GO   0.000%   8/1/26     2,000   1,810  
  Southwestern California Community College District GO   0.000%   8/1/27     2,000   1,730  
  Southwestern California Community College District GO   0.000%   8/1/28     2,535   2,089  
  Southwestern California Community College District GO   5.000%   8/1/29     1,000   1,249  
  Southwestern California Community College District GO   5.000%   8/1/29     300   384  
  Southwestern California Community College District GO   5.000%   8/1/30     300   381  
  Southwestern California Community College District GO   4.000%   8/1/31     300   359  
  Southwestern California Community College District GO   4.000%   8/1/32     1,000   1,157  
  Southwestern California Community College District GO   4.000%   8/1/32     250   297  
  Southwestern California Community College District GO   4.000%   8/1/33     300   352  
  Southwestern California Community College District GO   4.000%   8/1/34     1,760   2,016  
  Southwestern California Community College District GO   4.000%   8/1/35     1,500   1,712  
  Southwestern California Community College District GO   4.000%   8/1/36     1,200   1,388  
  Southwestern California Community College District GO   4.000%   8/1/37     2,385   2,750  
  Southwestern California Community College District GO   4.000%   8/1/38     1,750   2,010  
4 St. Helena CA Unified School District GO, 4.000% coupon rate effective 8/1/2023   0.000%   8/1/27     4,550   4,805  
  State Center California Community College District GO   5.000%   8/1/27     635   819  
  State Center California Community College District GO   4.000%   8/1/34     1,000   1,167  
  State Center California Community College District GO   4.000%   8/1/36     1,045   1,208  
  State Center California Community College District GO   4.000%   8/1/37     1,000   1,153  
  Stockton CA Public Financing Authority Revenue   4.000%   9/2/20 (15)   580   585  
  Stockton CA Public Financing Authority Revenue   4.000%   9/2/21 (15)   450   470  
  Stockton CA Public Financing Authority Revenue   4.000%   9/2/22 (15)   950   1,018  
  Stockton CA Public Financing Authority Revenue   4.000%   9/2/23 (15)   660   727  
  Stockton CA Public Financing Authority Revenue   4.000%   9/2/24 (15)   1,090   1,230  
  Stockton CA Public Financing Authority Revenue   4.000%   9/2/25 (15)   1,100   1,267  

 

  170 

 

 

California Intermediate-Term Tax-Exempt Fund          

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Stockton CA Public Financing Authority Revenue   4.000%   9/2/26 (15)   1,170   1,371  
  Stockton CA Public Financing Authority Wastewater Revenue   1.400%   6/1/22     17,500   17,461  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/22 (15)   1,000   1,094  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/23 (15)   1,015   1,150  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/24 (15)   1,000   1,169  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/25 (15)   1,250   1,456  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/26 (15)   1,375   1,594  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/27 (15)   1,250   1,445  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/28 (15)   2,215   2,554  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/29 (15)   1,055   1,213  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/20 (15)   500   508  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/23 (15)   725   824  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/24 (15)   900   1,055  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/25 (15)   1,000   1,205  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/26 (15)   1,000   1,235  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/27 (15)   2,200   2,782  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/28 (15)   1,815   2,345  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/29 (15)   1,520   1,953  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/30 (15)   1,750   2,230  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/32 (15)   1,635   2,052  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/33 (15)   1,290   1,611  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/34 (15)   1,540   1,914  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/35 (15)   1,550   1,918  
  Stockton CA Public Financing Authority Water Revenue   4.000%   10/1/37 (15)   1,730   1,966  
  Stockton CA Public Financing Authority Water Revenue (Delta Water Supply Project)   6.125%   10/1/23 (Prere.)   1,000   1,193  
  Stockton CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/28 (4)   1,600   1,944  
  Stockton CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/29 (4)   1,500   1,810  

 

  171 

 

 

California Intermediate-Term Tax-Exempt Fund          

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Stockton CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/33 (4)   2,890   3,419  
  Stockton CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/34 (4)   2,000   2,360  
  Stockton CA Unified School District GO   5.000%   8/1/20     930   937  
  Stockton CA Unified School District GO   5.000%   8/1/21     2,185   2,303  
  Stockton CA Unified School District GO   5.000%   8/1/22     2,650   2,904  
  Stockton CA Unified School District GO   5.000%   7/1/23 (4)   1,110   1,213  
  Stockton CA Unified School District GO   5.000%   8/1/23     2,055   2,337  
  Stockton CA Unified School District GO   5.000%   7/1/24 (4)   1,570   1,716  
  Stockton CA Unified School District GO   5.000%   8/1/24 (15)   100   118  
  Stockton CA Unified School District GO   5.000%   8/1/27 (15)   225   287  
  Stockton CA Unified School District GO   5.000%   8/1/28 (15)   885   1,157  
  Stockton CA Unified School District GO   5.000%   8/1/28 (15)   1,000   1,170  
  Stockton CA Unified School District GO   5.000%   8/1/29 (15)   805   1,047  
  Stockton CA Unified School District GO   5.000%   8/1/29 (15)   600   699  
  Stockton CA Unified School District GO   4.000%   8/1/30 (4)   1,960   2,184  
  Stockton CA Unified School District GO   5.000%   8/1/30 (15)   130   168  
  Stockton CA Unified School District GO   5.000%   8/1/30 (15)   1,555   1,806  
  Stockton CA Unified School District GO   5.000%   8/1/31 (15)   1,875   2,171  
  Stockton CA Unified School District GO   5.000%   8/1/32 (15)   2,060   2,378  
  Stockton CA Unified School District GO   5.000%   8/1/33 (15)   2,250   2,593  
  Stockton CA Unified School District GO   5.000%   8/1/34 (15)   2,105   2,421  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/23 (15)   1,110   1,272  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/25 (15)   1,000   1,181  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/26 (15)   1,200   1,410  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/27 (15)   1,360   1,591  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/28 (15)   1,280   1,493  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/29 (15)   2,255   2,623  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/30 (15)   1,000   1,159  
  Sweetwater CA Unified High School District GO   3.000%   8/1/25     455   496  
  Sweetwater CA Unified School District GO   0.000%   8/1/23 (4)   1,575   1,520  
  Sweetwater CA Unified School District GO   3.000%   8/1/23     815   865  
  Sweetwater CA Unified School District GO   5.000%   8/1/23 (15)   1,090   1,232  
  Sweetwater CA Unified School District GO   3.000%   8/1/24     300   323  
  Sweetwater CA Unified School District GO   5.000%   8/1/24 (15)   1,255   1,464  
  Sweetwater CA Unified School District GO   5.000%   8/1/27 (15)   7,000   8,059  
  Sweetwater CA Unified School District GO   5.000%   8/1/28 (15)   8,000   9,189  
  Sweetwater CA Unified School District GO   5.000%   8/1/35     5,000   5,774  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/25 (15)   330   400  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/26 (15)   175   218  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/27 (15)   185   230  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/28 (15)   390   484  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/29 (15)   480   594  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/30 (15)   475   587  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/31 (15)   180   222  

 

  172 

 

 

California Intermediate-Term Tax-Exempt Fund          

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/32 (15)   175   216  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/33 (15)   225   277  
  Tahoe-Truckee CA Unified School District COP   5.000%   6/1/34 (15)   245   300  
  Tahoe-Truckee CA Unified School District COP   4.000%   6/1/35 (15)   515   586  
  Tahoe-Truckee CA Unified School District COP   4.000%   6/1/36 (15)   255   289  
  Tahoe-Truckee CA Unified School District COP   4.000%   6/1/37 (15)   310   351  
  Tahoe-Truckee CA Unified School District COP   3.000%   6/1/38 (15)   1,485   1,562  
  Tahoe-Truckee CA Unified School District COP   4.000%   6/1/39 (15)   260   292  
  Tahoe-Truckee CA Unified School District GO   5.000%   8/1/25     200   244  
  Tahoe-Truckee CA Unified School District GO   5.000%   8/1/26     330   414  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   4.000%   12/15/20     750   765  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   4.000%   12/15/21     1,495   1,577  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/22     800   880  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/23     1,395   1,584  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/24     1,720   2,009  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/25     1,795   2,145  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/26     1,000   1,210  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/27     1,000   1,240  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/28 (4)   530   681  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/29 (4)   500   637  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/30 (4)   535   677  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/31 (4)   1,000   1,258  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/32 (4)   785   981  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/33 (4)   1,650   2,048  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/34 (4)   1,705   2,109  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/35 (4)   2,620   3,227  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/36 (4)   2,765   3,394  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/37 (4)   2,350   2,875  
  Temecula Valley CA Unified School District GO   4.300%   8/1/32 (15)   2,000   2,208  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/22     1,000   1,071  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/23     2,000   2,208  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/24     2,000   2,269  

 

  173 

 

 

California Intermediate-Term Tax-Exempt Fund          

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/26     1,000   1,184  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/27     2,000   2,418  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/28     1,500   1,847  
  Tobacco Securitization Authority of Southern California Revenue   2.250%   6/1/29     575   590  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/29     1,500   1,873  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/31     3,655   4,549  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/32     1,000   1,233  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/33     2,000   2,447  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/34     3,000   3,658  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/36     1,000   1,207  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/37     1,000   1,203  
  Tobacco Securitization Authority of Southern California Revenue   5.000%   6/1/38     2,000   2,398  
  Tracy CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/20     250   252  
  Tracy CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/21     900   948  
  Tracy CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/23 (4)   400   454  
  Tracy CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/24 (4)   400   469  
  Tracy CA Community Development Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/25 (4)   960   1,161  
  Tulare CA Local Health Care District GO   4.000%   8/1/21 (15)   300   313  
  Tulare CA Local Health Care District GO   4.000%   8/1/22 (15)   400   429  
  Tulare CA Local Health Care District GO   4.000%   8/1/23 (15)   720   794  
  Tulare CA Local Health Care District GO   4.000%   8/1/24 (15)   405   458  
  Tulare CA Local Health Care District GO   4.000%   8/1/25 (15)   455   525  
  Tulare CA Local Health Care District GO   4.000%   8/1/26 (15)   515   604  
  Tulare CA Local Health Care District GO   4.000%   8/1/27 (15)   580   690  
  Tulare CA Local Health Care District GO   4.000%   8/1/28 (15)   435   524  
  Tulare CA Local Health Care District GO   4.000%   8/1/29 (15)   735   894  
  Tulare CA Local Health Care District GO   4.000%   8/1/30 (15)   1,320   1,616  
  Tulare CA Local Health Care District GO   4.000%   8/1/32 (15)   1,380   1,654  
  Tulare CA Local Health Care District GO   4.000%   8/1/33 (15)   2,050   2,440  
  Tulare CA Local Health Care District GO   4.000%   8/1/34 (15)   2,325   2,745  
  Tulare CA Local Health Care District GO   4.000%   8/1/39 (15)   4,760   5,458  
  Turlock CA Irrigation District Revenue   5.000%   1/1/35     685   902  
  Turlock CA Irrigation District Revenue   5.000%   1/1/36     1,465   1,919  
3 Turlock CA Irrigation District Revenue   5.000%   1/1/36     3,500   4,482  
  Turlock CA Irrigation District Revenue   5.000%   1/1/36     2,270   2,769  
  Turlock CA Irrigation District Revenue   5.000%   1/1/37     1,285   1,676  
  Turlock CA Irrigation District Revenue   5.000%   1/1/37     5,615   6,829  

 

  174 

 

 

California Intermediate-Term Tax-Exempt Fund          

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Turlock CA Irrigation District Revenue   5.000%   1/1/38     705   915  
  Turlock CA Irrigation District Revenue   5.000%   1/1/39     655   847  
  Turlock CA Unified School District GO   3.000%   8/1/34     1,095   1,176  
  Turlock CA Unified School District GO   3.000%   8/1/35     1,175   1,254  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/22     1,390   1,512  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/23     750   844  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/24     760   876  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/25     2,820   3,331  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/26     2,300   2,701  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/27     3,915   4,573  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/29     3,640   4,214  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/30     3,500   4,043  
  Twin Rivers CA Unified School District GO   5.000%   8/1/20 (4)   475   479  
  Twin Rivers CA Unified School District GO   5.000%   8/1/20 (4)   750   756  
  Twin Rivers CA Unified School District GO   5.000%   8/1/21 (4)   550   580  
  Twin Rivers CA Unified School District GO   5.000%   8/1/21 (4)   850   896  
  Twin Rivers CA Unified School District GO   5.000%   8/1/22 (4)   515   564  
  Twin Rivers CA Unified School District GO   5.000%   8/1/22 (4)   625   685  
  Ukiah CA Unified School District GO   0.000%   8/1/25 (14)   3,175   3,020  
  Union CA Elementary School District GO   0.000%   9/1/29     110   96  
  Union CA Elementary School District GO   0.000%   9/1/29 (14)   1,335   1,168  
  Union CA Sanitary District Finance Authority Revenue   4.000%   9/1/32     800   999  
  Union CA Sanitary District Finance Authority Revenue   4.000%   9/1/33     1,030   1,270  
  Union CA Sanitary District Finance Authority Revenue   4.000%   9/1/35     200   243  
  Union CA Sanitary District Finance Authority Revenue   4.000%   9/1/37     540   650  
  Union CA Sanitary District Finance Authority Revenue   4.000%   9/1/39     650   776  
  Union City CA Community Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/31     1,820   2,124  
  Union City CA Community Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/32     1,360   1,579  
  Union City CA Community Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/33     3,000   3,472  
  Union City CA Community Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/35     1,250   1,439  
  Union City CA Community Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/36     1,000   1,148  

 

  175 

 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  University of California Regents CP   0.230%   7/22/20     12,500   12,501  
2 University of California Regents Medical Center Pooled Revenue   0.020%   6/1/20     40,496   40,496  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/23 (Prere.)   14,940   16,993  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/23 (Prere.)   5,000   5,687  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/24     6,010   6,976  
  University of California Regents Medical Center Pooled Revenue   4.000%   5/15/25     10,000   11,473  
  University of California Regents Medical Center Pooled Revenue   4.000%   5/15/26     10,015   11,701  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/29     5,015   6,050  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/32     8,440   10,033  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/33     12,105   14,322  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/34     14,000   16,526  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/35     5,020   5,906  
  University of California Regents Medical Center Pooled Revenue   4.500%   5/15/36     10,000   11,358  
  University of California Regents Medical Center Pooled Revenue VRDO   0.030%   6/1/20     42,105   42,105  
  University of California Revenue   5.000%   5/15/21 (Prere.)   4,675   4,887  
  University of California Revenue   5.000%   5/15/21 (Prere.)   5,005   5,232  
  University of California Revenue   5.000%   5/15/22 (Prere.)   6,540   7,149  
  University of California Revenue   5.000%   5/15/23     2,010   2,293  
  University of California Revenue   5.000%   5/15/23 (Prere.)   650   739  
  University of California Revenue   5.000%   5/15/23 (Prere.)   4,695   5,340  
  University of California Revenue   5.000%   5/15/25     2,670   3,256  
  University of California Revenue   5.000%   5/15/25     9,240   11,242  
  University of California Revenue   4.000%   5/15/27     3,820   4,643  
  University of California Revenue   5.000%   5/15/27     7,075   8,601  
  University of California Revenue   4.000%   5/15/28     9,030   11,163  
  University of California Revenue   4.000%   5/15/28     7,110   8,759  
  University of California Revenue   5.000%   5/15/28     9,265   11,248  
  University of California Revenue   5.000%   5/15/28     7,110   8,612  
  University of California Revenue   4.000%   5/15/30     7,535   9,204  
  University of California Revenue   4.000%   5/15/30     7,705   9,379  
  University of California Revenue   5.000%   5/15/30     1,195   1,476  
  University of California Revenue   5.000%   5/15/30     3,515   3,955  
  University of California Revenue   4.000%   5/15/31     5,270   6,353  
  University of California Revenue   5.000%   5/15/31     2,315   2,783  
  University of California Revenue   5.000%   5/15/31     9,010   10,855  
  University of California Revenue   5.000%   5/15/31     15,095   19,078  
  University of California Revenue   5.000%   5/15/32     7,490   8,144  
  University of California Revenue   5.000%   5/15/32     3,250   4,185  
  University of California Revenue   5.250%   5/15/32     5,000   5,854  
  University of California Revenue   4.000%   5/15/33     12,715   14,901  
  University of California Revenue   5.000%   5/15/33     6,995   8,375  

 

  176 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  University of California Revenue   5.000%   5/15/33     5,025   6,121  
  University of California Revenue   5.000%   5/15/33     15,470   17,299  
  University of California Revenue   5.000%   5/15/33     12,055   15,014  
  University of California Revenue   5.000%   5/15/33     5,415   6,055  
  University of California Revenue   5.000%   5/15/33     5,910   7,564  
  University of California Revenue   4.000%   5/15/34     10,610   12,370  
  University of California Revenue   4.000%   5/15/34     10,000   11,028  
  University of California Revenue   5.000%   5/15/34     3,915   4,754  
  University of California Revenue   5.000%   5/15/34     15,905   17,770  
  University of California Revenue   5.000%   5/15/34     6,395   7,968  
  University of California Revenue   5.000%   5/15/34     12,800   15,900  
  University of California Revenue   5.000%   5/15/34     1,500   1,913  
  University of California Revenue   4.000%   5/15/35     5,790   6,724  
  University of California Revenue   5.000%   5/15/35     2,060   2,492  
  University of California Revenue   5.000%   5/15/35     625   810  
  University of California Revenue   5.000%   5/15/35     5,160   6,405  
  University of California Revenue   5.000%   5/15/35     11,290   13,971  
  University of California Revenue   5.000%   5/15/35     4,000   5,079  
  University of California Revenue   5.000%   5/15/36     5,425   6,535  
  University of California Revenue   5.000%   5/15/36     1,250   1,614  
  University of California Revenue   5.000%   5/15/36     10,790   13,303  
  University of California Revenue   5.000%   5/15/36     4,295   5,431  
  University of California Revenue   5.000%   5/15/36     4,500   5,022  
  University of California Revenue   5.000%   5/15/37     11,710   14,423  
  University of California Revenue   5.000%   5/15/37     9,500   11,701  
  University of California Revenue   5.000%   5/15/37     14,605   18,409  
  University of California Revenue   5.000%   5/15/37     4,935   6,199  
  University of California Revenue   5.000%   5/15/38     4,355   5,575  
  University of California Revenue   5.000%   5/15/38     19,075   23,974  
  University of California Revenue   5.000%   5/15/38     5,065   6,344  
  University of California Revenue   5.000%   5/15/39     2,345   2,993  
  University of California Revenue   5.000%   5/15/40     135   172  
  University of California Revenue PUT   1.400%   5/15/21     5,050   5,066  
  University of California Revenue PUT   5.000%   5/15/23     52,095   59,135  
1 University of California Revenue TOB VRDO   0.290%   6/5/20     9,335   9,335  
1 University of California Revenue TOB VRDO   0.290%   6/5/20     12,100   12,100  
  University of California Revenue VRDO   0.030%   6/1/20     26,200   26,200  
  Upland CA Community Facilities District                    
   No. 2003-2 Improvement Area No. 1 Special Tax Revenue     5.000%     9/1/31        1,110     1,190   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/22        925     979   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/23        900     984   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/25        1,060     1,221   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/26        500     588   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/27        1,960     2,352   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/28        2,030     2,467   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/29        715     860   

 

  177 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/30        1,450     1,723   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/31        1,390     1,632   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/33        1,710     1,970   
   Upland CA COP (San Antonio Regional Hospital)     5.000%     1/1/34        1,500     1,710   
   Upland CA COP (San Antonio Regional Hospital)     4.000%     1/1/35        2,025     2,108   
   Upland CA COP (San Antonio Regional Hospital)     4.000%     1/1/36        1,000     1,034   
   Vacaville CA Redevelopment Agency Tax Allocation Revenue     5.000%     9/1/22        600     653   
   Vacaville CA Redevelopment Agency Tax Allocation Revenue     5.000%     9/1/23        865     972   
   Vacaville CA Redevelopment Agency Tax Allocation Revenue     5.000%     9/1/24        1,325     1,533   
   Vacaville CA Redevelopment Agency Tax Allocation Revenue     5.000%     9/1/25        1,390     1,602   
   Vacaville CA Redevelopment Agency Tax Allocation Revenue     5.000%     9/1/26        1,460     1,675   
   Vacaville CA Redevelopment Agency Tax Allocation Revenue     5.000%     9/1/27        1,200     1,370   
   Vacaville CA Redevelopment Agency Tax Allocation Revenue     5.000%     9/1/28        1,200     1,367   
  Vacaville CA Unified School District GO   4.000%   8/1/34     100   119  
  Vacaville CA Unified School District GO   4.000%   8/1/35     200   236  
  Vacaville CA Unified School District GO   4.000%   8/1/36     300   353  
  Vacaville CA Unified School District GO   4.000%   8/1/37     300   352  
  Vacaville CA Unified School District GO   4.000%   8/1/39     500   582  
  Vacaville CA Unified School District GO   4.000%   8/1/40     500   580  
  Val Verde CA Unified School District COP   5.000%   3/1/25 (4)   250   300  
  Val Verde CA Unified School District COP   5.000%   3/1/26 (4)   260   321  
  Val Verde CA Unified School District COP   5.000%   3/1/27 (4)   275   349  
  Val Verde CA Unified School District COP   5.000%   3/1/28 (4)   280   364  
  Val Verde CA Unified School District COP   5.000%   3/1/29 (4)   450   583  
  Val Verde CA Unified School District COP   5.000%   3/1/30 (4)   850   1,094  
  Val Verde CA Unified School District COP   5.000%   3/1/31 (4)   1,015   1,299  
   Ventura County CA Community College District GO     0.000%     8/1/28        15,000     13,795   
   Ventura County CA Public Financing Authority Lease Revenue       5.000%     11/1/24        1,200     1,337   
   Ventura County CA Public Financing Authority Lease Revenue     5.000%     11/1/29        1,000     1,108   
   Ventura County CA Public Financing Authority Lease Revenue     5.000%     11/1/32        2,000     2,202   
   Ventura County CA Public Financing Authority Lease Revenue     5.000%     11/1/33        1,250     1,374   
  Vernon CA Electric System Revenue   5.000%   8/1/28     1,525   1,839  
  Vernon CA Electric System Revenue   5.000%   8/1/29     1,605   1,960  
  Vernon CA Electric System Revenue   5.000%   8/1/30     1,685   2,062  
  Vernon CA Electric System Revenue   5.000%   8/1/31     1,000   1,215  
  Vernon CA Electric System Revenue   5.000%   8/1/33     1,000   1,198  

 

  178 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Vernon CA Electric System Revenue   5.000%   8/1/34     1,000   1,193  
  Vernon CA Electric System Revenue   5.000%   8/1/35     725   861  
  Vernon CA Electric System Revenue   5.000%   8/1/37     800   942  
  Vista CA Joint Powers Financing Authority Revenue   5.000%   5/1/21     340   355  
  Vista CA Joint Powers Financing Authority Revenue   5.000%   5/1/22     470   513  
  Vista CA Joint Powers Financing Authority Revenue   5.250%   5/1/35     5,990   7,194  
  Vista CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/21 (4)   265   281  
  Vista CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/22 (4)   335   369  
  Vista CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/23 (4)   400   457  
  Vista CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/24 (4)   585   692  
  Vista CA Unified School District GO   5.000%   8/1/24     5,000   5,500  
  Vista CA Unified School District GO   3.000%   8/1/34     1,085   1,192  
  Vista CA Unified School District GO   4.000%   8/1/35     1,210   1,457  
  Vista CA Unified School District GO   3.000%   8/1/38     1,645   1,770  
  Vista CA Unified School District GO   3.000%   8/1/39     1,300   1,395  
  Walnut CA Energy Center Authority Revenue   5.000%   1/1/35     2,205   2,912  
  Walnut CA Energy Center Authority Revenue   5.000%   1/1/36     2,805   3,683  
  Walnut Valley CA Unified School District GO   5.000%   8/1/23     250   286  
  Walnut Valley CA Unified School District GO   5.000%   8/1/24     350   415  
  Washington CA Unified School District (Yolo County) GO    0.000%    8/1/27 (14)    3,440    3,133  
  Washington Township CA Health Care District GO    5.000%    8/1/23       170    190  
  Washington Township CA Health Care District GO    4.000%    8/1/24       625    693  
  Washington Township CA Health Care District GO    5.000%    8/1/25       1,425    1,679  
  Washington Township CA Health Care District GO    5.000%    8/1/26       1,395    1,678  
  Washington Township CA Health Care District Revenue    4.000%    7/1/20       375    376  
  Washington Township CA Health Care District Revenue    5.000%    7/1/20       465    466  
  Washington Township CA Health Care District Revenue    5.000%    7/1/20       600    602  
  Washington Township CA Health Care District Revenue    5.000%    7/1/21       350    364  
  Washington Township CA Health Care District Revenue    5.000%    7/1/21       705    734  
  Washington Township CA Health Care District Revenue    4.000%    7/1/22       540    571  
  Washington Township CA Health Care District Revenue    5.000%    7/1/22       725    782  
  Washington Township CA Health Care District Revenue    5.000%    7/1/23       400    445  
  Washington Township CA Health Care District Revenue    5.000%    7/1/23       570    635  

 

  179 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Washington Township CA Health Care District Revenue    5.000%    7/1/23      875    974  
  Washington Township CA Health Care District Revenue    5.000%    7/1/24      750    860  
  Washington Township CA Health Care District Revenue    5.000%    7/1/24      610    699  
  Washington Township CA Health Care District Revenue    5.000%    7/1/24      670    768  
  Washington Township CA Health Care District Revenue    4.000%    7/1/25      650    729  
  Washington Township CA Health Care District Revenue    5.000%    7/1/25      775    907  
  Washington Township CA Health Care District Revenue    5.000%    7/1/25      775    907  
  Washington Township CA Health Care District Revenue    5.000%    7/1/26      900    1,048  
  Washington Township CA Health Care District Revenue    5.000%    7/1/26      785    938  
  Washington Township CA Health Care District Revenue    5.000%    7/1/26      765    914  
  Washington Township CA Health Care District Revenue    5.000%    7/1/26      1,270    1,517  
  Washington Township CA Health Care District Revenue    5.000%    7/1/27      430    524  
  Washington Township CA Health Care District Revenue    5.000%    7/1/27      755    920  
  Washington Township CA Health Care District Revenue    5.000%    7/1/27      930    1,134  
  Washington Township CA Health Care District Revenue    4.000%    8/1/27      1,055    1,185  
  Washington Township CA Health Care District Revenue    5.000%    7/1/28      750    926  
  Washington Township CA Health Care District Revenue    5.000%    7/1/29      1,005    1,208  
  Washington Township CA Health Care District Revenue    5.000%    7/1/29      755    947  
  Washington Township CA Health Care District Revenue    5.000%    7/1/29      1,165    1,400  
  Washington Township CA Health Care District Revenue    5.000%    7/1/30      765    946  
  Washington Township CA Health Care District Revenue    5.000%    7/1/30      1,540    1,829  
  Washington Township CA Health Care District Revenue    4.000%    7/1/32      1,000    1,102  
  Washington Township CA Health Care District Revenue    5.000%    7/1/32      500    605  
  Washington Township CA Health Care District Revenue    5.000%    7/1/32      2,340    2,731  
  Washington Township CA Health Care District Revenue    3.000%    7/1/33      1,870    1,923  
  Washington Township CA Health Care District Revenue    5.000%    7/1/33      2,975    3,435  
  Washington Township CA Health Care District Revenue    3.125%    7/1/34      2,195    2,272  

 

  180 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
   Washington Township CA Health Care District Revenue     4.000%     7/1/34        2,970     3,230   
   Washington Township CA Health Care District Revenue     4.000%     7/1/36        1,935     2,081   
   Washington Township CA Health Care District Revenue     5.000%     7/1/36        500     587   
   West Basin CA Municipal Water District Revenue     5.000%     8/1/22        2,010     2,219   
   West Contra Costa CA Unified School District GO     5.000%     8/1/20        250     252   
   West Contra Costa CA Unified School District GO     6.000%     8/1/26        5,000     6,542   
   West Contra Costa CA Unified School District GO     0.000%     8/1/27 (12)     785     714   
   West Contra Costa CA Unified School District GO     0.000%     8/1/28 (14)     6,400     5,647   
   West Contra Costa CA Unified School District GO     0.000%     8/1/29 (4)     2,000     1,740   
   West Contra Costa CA Unified School District GO     0.000%     8/1/30 (14)     6,235     5,221   
   West Contra Costa CA Unified School District GO     5.000%     8/1/30        3,425     3,982   
   West Contra Costa CA Unified School District GO     5.000%     8/1/31        5,690     6,604   
   West Contra Costa CA Unified School District GO     5.000%     8/1/32        1,825     2,178   
   West Contra Costa CA Unified School District GO     5.000%     8/1/32        5,560     6,441   
   West Contra Costa CA Unified School District GO     0.000%     8/1/33 (14)     1,000     757   
   West Contra Costa CA Unified School District GO     0.000%     8/1/33 (12)     2,650     2,032   
   West Contra Costa CA Unified School District GO     0.000%     8/1/33 (4)(3)     6,000     4,601   
   West Contra Costa CA Unified School District GO     5.000%     8/1/33        915     1,090   
   West Contra Costa CA Unified School District GO     5.000%     8/1/33        1,020     1,215   
   West Contra Costa CA Unified School District GO     5.000%     8/1/33        3,265     3,778   
   West Contra Costa CA Unified School District GO     5.000%     8/1/34        2,010     2,389   
   West Contra Costa CA Unified School District GO     5.000%     8/1/34        1,070     1,272   
   West Contra Costa CA Unified School District GO     5.000%     8/1/35        1,400     1,660   
   West Contra Costa CA Unified School District GO     5.000%     8/1/35        1,000     1,186   
3  West Sonoma County CA Union High School District GO     5.000%     8/1/34        200     252   
3  West Sonoma County CA Union High School District GO     5.000%     8/1/37        500     622   
3  West Sonoma County CA Union High School District GO     5.000%     8/1/40        1,000     1,235   

 

  181 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  West Valley-Mission CA Community College District GO    5.000%    8/1/31       200    242  
  West Valley-Mission CA Community College District GO    4.000%    8/1/34       625    759  
  West Valley-Mission CA Community College District GO    4.000%    8/1/35       700    846  
  West Valley-Mission CA Community College District GO    4.000%    8/1/36       1,500    1,805  
  West Valley-Mission CA Community College District GO    4.000%    8/1/38       1,800    2,151  
  Western CA Municipal Water District Revenue PUT    1.500%    10/1/20       2,350    2,352  
  Western Placer CA Unified School District COP    3.000%    8/1/21 (4)    325    335  
  Western Placer CA Unified School District COP    3.000%    8/1/23 (4)    600    646  
  Western Placer CA Unified School District GO   5.000%   8/1/28     200   249  
  Western Placer CA Unified School District GO   5.000%   8/1/29     200   249  
  Western Placer CA Unified School District GO   5.000%   8/1/30     380   472  
  Western Placer CA Unified School District GO   4.000%   8/1/31 (15)   885   1,055  
  Western Placer CA Unified School District GO   4.000%   8/1/31 (15)   755   900  
  Western Placer CA Unified School District GO   5.000%   8/1/31     565   700  
  Western Placer CA Unified School District GO   4.000%   8/1/32 (15)   920   1,090  
  Western Placer CA Unified School District GO   4.000%   8/1/34 (15)   990   1,155  
  Western Placer CA Unified School District GO   4.000%   8/1/34 (15)   545   636  
  Western Placer CA Unified School District GO   4.000%   8/1/35 (15)   1,025   1,191  
  Western Placer CA Unified School District GO   4.000%   8/1/35 (15)   630   732  
  Western Placer CA Unified School District GO   4.000%   8/1/36 (15)   1,070   1,237  
  Westlands CA Water District Revenue   5.000%   9/1/21 (4)   765   811  
  Westlands CA Water District Revenue   5.000%   9/1/22 (4)   765   847  
  Westlands CA Water District Revenue   5.000%   9/1/24 (4)   1,000   1,107  
  Westlands CA Water District Revenue   5.000%   9/1/25 (4)   1,250   1,383  
  William S. Hart CA Union High School District GO    5.000%    9/1/25       1,835    2,020  
  William S. Hart CA Union High School District GO    5.000%    9/1/26       1,085    1,194  
  William S. Hart CA Union High School District GO    5.000%    9/1/27       1,585    1,742  
  William S. Hart CA Union High School District GO    0.000%    8/1/33       570    443  
  Wiseburn CA School District GO   4.125%   8/1/33     2,045   2,164  
  Yuba CA Community College District GO   3.000%   8/1/28     1,000   1,146  
  Yuba CA Community College District GO   3.000%   8/1/29     2,000   2,280  
                    16,196,771  
Puerto Rico (0.3%)                    
  Puerto Rico Aqueduct & Sewer Authority Revenue    5.000%    7/1/33       1,165    1,156  
  Puerto Rico Aqueduct & Sewer Authority Revenue    5.250%    7/1/42       4,210    4,158  
  Puerto Rico Sales Tax Financing Corp. Revenue    0.000%    7/1/24       3,368    2,962  
  Puerto Rico Sales Tax Financing Corp. Revenue    0.000%    7/1/27       7,802    6,153  

 

  182 

 

 

California Intermediate-Term Tax-Exempt Fund        

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Puerto Rico Sales Tax Financing Corp. Revenue    0.000%    7/1/29      7,638    5,525  
  Puerto Rico Sales Tax Financing Corp. Revenue    0.000%    7/1/31      2,871    1,886  
  Puerto Rico Sales Tax Financing Corp. Revenue    4.329%    7/1/40      33,000    31,680  
  Puerto Rico Sales Tax Financing Corp. Revenue    4.329%    7/1/40      2,967    2,848  
                    56,368  
Guam (0.2%)                    
  Guam Government Business Privilege Tax Revenue    5.000%    11/15/20      750    756  
  Guam Government Business Privilege Tax Revenue    5.000%    11/15/21      1,125    1,155  
  Guam Government Business Privilege Tax Revenue    5.000%    11/15/22      1,500    1,563  
  Guam Government Waterworks Authority Water & Wastewater System Revenue    5.000%    7/1/20      540    541  
  Guam Government Waterworks Authority Water & Wastewater System Revenue    5.000%    7/1/21      400    411  
  Guam Government Waterworks Authority Water & Wastewater System Revenue    5.000%    7/1/22      625    656  
  Guam Government Waterworks Authority Water & Wastewater System Revenue    5.000%    7/1/28      2,115    2,235  
  Guam Government Waterworks Authority Water & Wastewater System Revenue    5.000%    7/1/29      5,035    5,394  
  Guam Government Waterworks Authority Water & Wastewater System Revenue    5.250%    7/1/33      4,000    4,203  
  Guam Government Waterworks Authority Water & Wastewater System Revenue    5.000%    7/1/35      4,450    4,684  
  Guam Government Waterworks Authority Water & Wastewater System Revenue    5.000%    7/1/36      1,450    1,555  
  Guam Power Authority Revenue   5.000%   10/1/22     1,605   1,696  
  Guam Power Authority Revenue   5.000%   10/1/26     1,810   1,959  
  Guam Power Authority Revenue   5.000%   10/1/30     1,470   1,565  
                    28,373  
Total Investments (99.4%) (Cost $15,397,337)                 16,281,512  
Other Assets and Liabilities—Net (0.6%)                 95,715  
Net Assets (100%)                 16,377,227  

Cost is in $000.

•See Note A in Notes to Financial Statements.
1Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2020, the aggregate value of these securities was $296,591,000, representing 1.8% of net assets.
2Adjustable-rate security; rate shown is effective rate at period end. Certain adjustable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions.
3Security purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2020.
4Step bond.
5The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock.

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  183 

 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Key to Abbreviations

 

 

ARS—Auction Rate Security.

BAN—Bond Anticipation Note.

CMT—Constant Maturing Treasury Rate.

COP—Certificate of Participation.

CP—Commercial Paper.

FR—Floating Rate.

GAN—Grant Anticipation Note.

GO—General Obligation Bond.

LIBOR—London Interbank Offered Rate.

PILOT—Payments in Lieu of Taxes.

PUT—Put Option Obligation.

RAN—Revenue Anticipation Note.

SIFMA—Securities Industry and Financial Markets Association.

SOFR—Secured Overnight Financing Rate.

TAN—Tax Anticipation Note.

TOB—Tender Option Bond.

TRAN—Tax Revenue Anticipation Note.

VRDO—Variable Rate Demand Obligation.

VRDP—Variable Rate Demand Preferred.

(ETM)—Escrowed to Maturity.

(Prere.)—Prerefunded.

 

Scheduled principal and interest payments are guaranteed by:

(1)MBIA (Municipal Bond Investors Assurance).

(2)AMBAC (Ambac Assurance Corporation).

(3)FGIC (Financial Guaranty Insurance Company).

(4)AGM (Assured Guaranty Municipal Corporation).

(5)BIGI (Bond Investors Guaranty Insurance).

(6)Connie Lee Inc.

(7)FHA (Federal Housing Authority).

(8)CapMAC (Capital Markets Assurance Corporation).

(9)American Capital Access Financial Guaranty Corporation.

(10)XL Capital Assurance Inc.

(11)CIFG (CDC IXIS Financial Guaranty).

(12)AGC (Assured Guaranty Corporation).

(13)BHAC (Berkshire Hathaway Assurance Corporation).

(14)NPFG (National Public Finance Guarantee Corporation).

(15)BAM (Build America Mutual Assurance Company).

(16)MAC (Municipal Assurance Corporation).

(17)RAA (Radian Asset Assurance Inc.).

(18)SBLF (Michigan School Bond Loan Fund).

(19)TPSF (Texas Permanent School Fund).

(20)NATL (National Public Financial Guarantee Corporation).

The insurance does not guarantee the market value of the municipal bonds.

 

LOC—Scheduled principal and interest payments are guaranteed by bank letter of credit.

 

  184 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Statement of Assets and Liabilities

As of May 31, 2020

 

($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $15,397,337) 16,281,512
Investment in Vanguard 742
Cash 13,123
Receivables for Investment Securities Sold 1,818
Receivables for Accrued Income 155,380
Receivables for Capital Shares Issued 12,518
Other Assets 315
Total Assets 16,465,408
Liabilities  
Payables for Investment Securities Purchased 68,421
Payables for Capital Shares Redeemed 11,437
Payables for Distributions 7,539
Payables to Vanguard 784
Total Liabilities 88,181
Net Assets 16,377,227

 

 

 

At May 31, 2020, net assets consisted of:  

   
Paid-in Capital 15,489,569
Total Distributable Earnings (Loss) 887,658
Net Assets 16,377,227
   
Investor Shares—Net Assets  
Applicable to 139,223,499 outstanding $.001 par value shares of beneficial interest (unlimited authorization) 1,693,686
Net Asset Value Per Share—Investor Shares $12.17
   
Admiral Shares—Net Assets  
Applicable to 1,207,008,916 outstanding $.001 par value shares of beneficial interest (unlimited authorization) 14,683,541
Net Asset Value Per Share—Admiral Shares $12.17

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  185 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Statement of Operations

 

 

  Six Months Ended  
  May 31, 2020  
  ($000 )
Investment Income    
Income    
Interest 205,317  
Total Income 205,317  
Expenses    
The Vanguard Group—Note B    
Investment Advisory Services 927  
Management and Administrative—Investor Shares 1,264  
Management and Administrative—Admiral Shares 5,233  
Marketing and Distribution—Investor Shares 133  
Marketing and Distribution—Admiral Shares 492  
Custodian Fees 38  
Shareholders’ Reports—Investor Shares 12  
Shareholders’ Reports—Admiral Shares 29  
Trustees’ Fees and Expenses 6  
Total Expenses 8,134  
Net Investment Income 197,183  
Realized Net Gain (Loss)    
Investment Securities Sold 28,782  
Futures Contracts (4,760 )
Realized Net Gain (Loss) 24,022  
Change in Unrealized Appreciation (Depreciation)    
Investment Securities 57,699  
Futures Contracts (27 )
Change in Unrealized Appreciation (Depreciation) 57,672  
Net Increase (Decrease) in Net Assets Resulting from Operations 278,877  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  186 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Statement of Changes in Net Assets

 

 

  Six Months Ended   Year Ended  
  May 31,   November 30,  
  2020   2019  
  ($000 ) ($000 )
Increase (Decrease) in Net Assets        
Operations        
Net Investment Income 197,183   386,845  
Realized Net Gain (Loss) 24,022   6,456  
Change in Unrealized Appreciation (Depreciation) 57,672   682,196  
Net Increase (Decrease) in Net Assets Resulting from Operations 278,877   1,075,497  
Distributions1        
Investor Shares (20,641 ) (41,305 )
Admiral Shares (176,483 ) (345,483 )
Total Distributions (197,124 ) (386,788 )
Capital Share Transactions        
Investor Shares (102,250 ) 201,969  
Admiral Shares (13,981 ) 2,113,466  
Net Increase (Decrease) from Capital Share Transactions (116,231 ) 2,315,435  
Total Increase (Decrease) (34,478 ) 3,004,144  
Net Assets        
Beginning of Period 16,411,705   13,407,561  
End of Period 16,377,227   16,411,705  

1 Certain prior period numbers have been reclassified to conform with current period presentation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  187 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Financial Highlights

 

 

Investor Shares

 

Six Months                 
  Ended         Year Ended November 30,   
For a Share Outstanding May 31,          
Throughout Each Period 2020     2019  2018     2017     2016     2015      
Net Asset Value, Beginning of Period $12.08     $11.51    $11.70    $11.42    $11.79    $11.78       
Investment Operations                
Net Investment Income .1401   .2981 .3051 .3031 .307  .331 
Net Realized and Unrealized Gain (Loss) on Investments .090     .570  (.189) .278  (.370) .010 
Total from Investment Operations .230     .868  .116  .581  (.063) .341 
Distributions              
Dividends from Net Investment Income (.140)    (.298) (.306) (.301)  (.307) (.331)
Distributions from Realized Capital Gains —    —  —  —  —  — 
Total Distributions (.140)    (.298) (.306) (.301) (.307) (.331)
Net Asset Value, End of Period $12.17     $12.08  $11.51    $11.70    $11.42    $11.79   
Total Return2 1.92%     7.61%  1.00%    5.12%    -0.62%   2.93%   
Ratios/Supplemental Data              
Net Assets, End of Period (Millions) $1,694     $1,791  $1,514    $1,673    $1,631    $1,509   
Ratio of Total Expenses to Average Net Assets 0.17%     0.17%  0.17%    0.19%    0.19%    0.20%   
Ratio of Net Investment Income to Average Net Assets 2.32%     2.50%  2.63%    2.58%    2.56%    2.81%   
Portfolio Turnover Rate 9%     9%  16%    11%    16%    17%   

The expense ratio and net investment income ratio for the current period have been annualized.

1Calculated based on average shares outstanding.
2Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  188 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Financial Highlights

 

 

Admiral Shares

 

Six Months                  
  Ended            Year Ended November 30,      
For a Share Outstanding May 31,            
Throughout Each Period 2020       2019     2018     2017     2016     2015      
Net Asset Value, Beginning of Period $12.08      $11.51    $11.70    $11.42    $11.79    $11.78     
Investment Operations                
Net Investment Income .1451   .3071 .3141 .3141 .319  .340 
Net Realized and Unrealized Gain (Loss) on Investments .090    .571  (.189) .279  (.370) .010 
Total from Investment Operations .235    .878  .125  .593  (.051) .350 
Distributions              
Dividends from Net Investment Income (.145)   (.308) (.315) (.313) (.319) (.340)
Distributions from Realized Capital Gains —    —  —  —  —  — 
Total Distributions (.145)   (.308) (.315) (.313) (.319) (.340)
Net Asset Value, End of Period $12.17      $12.08    $11.51    $11.70    $11.42    $11.79   
Total Return2 1.96%      7.69%    1.08%    5.22%    -0.52%    3.01%   
Ratios/Supplemental Data              
Net Assets, End of Period (Millions) $14,684      $14,620    $11,894    $11,240    $9,813    $8,746   
Ratio of Total Expenses to Average Net Assets 0.09%      0.09%    0.09%    0.09%   0.09%    0.12%   
Ratio of Net Investment Income to Average Net Assets 2.40%      2.58%    2.71%    2.68%    2.66%    2.89%   
Portfolio Turnover Rate 9%      9%    16%    11%    16%    17%   

The expense ratio and net investment income ratio for the current period have been annualized.

1Calculated based on average shares outstanding.
2Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  189 

 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

Notes to Financial Statements

 

 

Vanguard California Intermediate-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers two classes of shares: Investor Shares and Admiral Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors.

 

The fund invests in debt instruments of municipal issuers whose ability to meet their obligations may be affected by economic and political developments in the state. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.

 

A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.

 

1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.

 

2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any assets pledged as initial margin for open contracts are noted in the Schedule of Investments.

 

Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.

 

During the six months ended May 31, 2020, the fund’s average investments in long and short futures contracts represented less than 1% and 1% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period. The fund had no open futures contracts at May 31, 2020.

 

  190 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

 

 

 

3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (November 30, 2016–2019), and for the period ended May 31, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.

 

4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.

 

5. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.

 

In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.

 

For the six months ended May 31, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.

 

6. Other: Interest income is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.

 

  191 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

 

 

 

Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.

 

B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.

 

Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At May 31, 2020, the fund had contributed to Vanguard capital in the amount of $742,000, representing less than 0.01% of the fund’s net assets and 0.30% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.

 

C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

 

Level 1—Quoted prices in active markets for identical securities.

Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.

 

At May 31, 2020, 100% of the market value of the fund’s investments was determined based on Level 2 inputs.

 

D. As of May 31, 2020, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows:

 

  Amount  
  ($000 )
Tax Cost 15,404,175  
Gross Unrealized Appreciation 910,153  
Gross Unrealized Depreciation (32,816 )
Net Unrealized Appreciation (Depreciation) 877,337  

 

The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at November 30, 2019, the fund had available capital losses totaling $13,739,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending November 30, 2020; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.

 

  192 

 

 

California Intermediate-Term Tax-Exempt Fund

 

 

 

 

 

E. During the six months ended May 31, 2020, the fund purchased $1,405,101,000 of investment securities and sold $1,641,312,000 of investment securities, other than temporary cash investments.

 

The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the six months ended May 31, 2020, such purchases and sales were $482,681,000 and $395,365,000, respectively; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.

 

F. Capital share transactions for each class of shares were:

 

    Six Months Ended       Year Ended  
        May 31, 2020   November 30, 2019  
    Amount   Shares   Amount   Shares  
    ($000 ) (000 ) ($000 ) (000 )
Investor Shares                  
Issued   287,619   23,749   598,271   50,247  
Issued in Lieu of Cash Distributions   18,446   1,524   36,439   3,055  
Redeemed   (408,315 ) (34,397 ) (432,741 ) (36,423 )
Net Increase (Decrease)—Investor Shares   (102,250 ) (9,124 ) 201,969   16,879  
Admiral Shares                  
Issued   1,911,244   158,991   3,671,868   309,916  
Issued in Lieu of Cash Distributions   131,617   10,874   259,771   21,777  
Redeemed   (2,056,842 ) (173,652 ) (1,818,173 ) (153,929 )
Net Increase (Decrease)—Admiral Shares   (13,981 ) (3,787 ) 2,113,466   177,764  

 

At May 31, 2020, one shareholder was the record or beneficial owner of 27% of the fund’s net assets. If this shareholder were to redeem its investment in the fund, the redemption might result in an increase in the fund’s expense ratio, cause the fund to incur higher transaction costs, or lead to the realization of taxable capital gains.

 

G. Management has determined that no events or transactions occurred subsequent to May 31, 2020, that would require recognition or disclosure in these financial statements.

 

  193 

 

 

California Long-Term Tax-Exempt Fund

 

 

Distribution by Stated Maturity

As of May 31, 2020

 

Under 1 Year   4.4 %
1 - 3 Years   2.7  
3 - 5 Years   3.7  
5 - 10 Years   11.2  
10 - 20 Years   41.7  
20 - 30 Years   32.7  
Over 30 Years   3.6  

The table reflects the fund’s investments, except for short-term investments.

 

  194 

 

 

California Long-Term Tax-Exempt Fund

 

 

Financial Statements (unaudited)

 

 

Schedule of Investments

As of May 31, 2020

 

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
Tax-Exempt Municipal Bonds (99.5%)                    
California (99.1%)                    
  ABAG Finance Authority for Nonprofit Corps. California Revenue (Episcopal Senior Communities)   5.000%   7/1/42     1,000   1,029  
  ABAG Finance Authority for Nonprofit Corps. California Revenue (Jackson Laboratory)   5.000%   7/1/37     7,565   8,019  
  ABAG Finance Authority for Nonprofit Corps. California Revenue (Sharp Healthcare)   5.000%   8/1/43     15,830   17,368  
  ABAG Finance Authority for Nonprofit Corps. California Revenue (Windemere Ranch Infrastructure Financing Program)   5.000%   9/2/32 (4)   1,000   1,227  
  Alameda CA Community Improvement Commission Successor Agency Tax Allocation Revenue   5.000%   9/1/29 (15)   1,500   1,741  
  Alameda CA Corridor Transportation Authority Revenue   0.000%   10/1/30 (2)   30,375   20,926  
  Alameda CA Corridor Transportation Authority Revenue   5.000%   10/1/35     1,060   1,148  
  Alameda CA Corridor Transportation Authority Revenue   5.000%   10/1/36     1,010   1,091  
  Alameda CA Corridor Transportation Authority Revenue   4.000%   10/1/37 (4)   2,270   2,383  
  Alameda CA Corridor Transportation Authority Revenue   5.000%   10/1/37     6,745   7,269  
  Alameda County CA Unified School District GO   0.000%   8/1/24 (4)   3,510   3,382  
  Alameda County CA Unified School District GO   0.000%   8/1/29 (4)   5,000   4,338  
1 Allan Hancock CA Joint Community College GO, 5.400% coupon rate effective 8/1/2030   0.000%   8/1/42     5,015   4,433  
  Anaheim CA Housing & Public Improvement Authority Revenue   5.000%   10/1/37     1,725   2,024  
  Anaheim CA Housing & Public Improvement Authority Revenue   5.000%   10/1/38     1,400   1,643  
  Anaheim CA Housing & Public Improvement Authority Revenue   5.000%   10/1/39     1,500   1,758  
  Anaheim CA Housing & Public Improvement Authority Revenue   5.000%   10/1/45     2,095   2,442  
  Anaheim CA Housing & Public Improvement Authority Revenue   5.000%   10/1/45     5,800   6,760  
  Anaheim CA Housing & Public Improvement Authority Revenue   5.000%   10/1/50     2,870   3,329  

 

  195 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System)   5.000%   10/1/21 (Prere.)   950   1,008  
  Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System)   5.000%   10/1/21 (Prere.)   1,275   1,353  
  Anaheim CA Housing & Public Improvements Authority Revenue (Electric Utility Distribution System)   5.000%   10/1/36     3,795   4,170  
  Anaheim CA Housing & Public Improvements Authority Revenue (Water System Project)   5.000%   10/1/21 (Prere.)   2,250   2,396  
  Anaheim CA Public Financing Authority Lease Revenue   5.000%   9/1/21     545   569  
  Anaheim CA Public Financing Authority Lease Revenue   5.000%   9/1/25     2,625   3,025  
  Anaheim CA Public Financing Authority Lease Revenue   5.000%   9/1/29     2,260   2,757  
  Anaheim CA Public Financing Authority Lease Revenue   5.000%   9/1/33 (15)   1,850   2,213  
  Anaheim CA Public Financing Authority Lease Revenue   5.000%   9/1/35 (15)   1,500   1,724  
  Anaheim CA Public Financing Authority Lease Revenue   5.000%   9/1/36 (15)   4,500   5,155  
  Anaheim CA Public Financing Authority Revenue (Electric System)   4.000%   10/1/31     5,080   5,392  
  Anaheim CA Union High School District GO   4.000%   8/1/42     1,935   2,201  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   5.000%   4/1/23 (Prere.)   4,025   4,568  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   5.000%   4/1/23 (Prere.)   4,000   4,539  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   5.000%   4/1/23 (Prere.)   125   142  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   5.250%   4/1/23 (Prere.)   2,350   2,683  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   4.000%   4/1/30     5,110   5,964  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   4.000%   4/1/31     8,085   9,385  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   4.000%   4/1/33     5,665   6,500  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   4.000%   4/1/49     1,000   1,097  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area)   5.000%   4/1/56     19,000   22,231  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT   2.000%   4/1/21     1,300   1,305  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT   2.850%   4/1/25     10,000   10,616  
  Bay Area Toll Authority California Toll Bridge Revenue (San Francisco Bay Area) PUT   2.625%   4/1/26     15,000   15,874  
  Beaumont CA Public Improvement Wastewater Revenue   5.000%   9/1/49 (4)   4,000   4,855  
  Beverly Hills CA Unified School District GO   3.000%   8/1/38     6,560   7,004  
  Beverly Hills CA Unified School District GO   3.000%   8/1/40     2,660   2,828  

 

  196 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Brentwood CA Infrastructure Financing Authority Revenue   5.000%   9/2/28 (4)   2,130   2,473  
2 Burbank CA Unified School District GO TOB VRDO   0.140%   6/5/20     5,520   5,520  
  Burlingame CA Elementary School District GO   3.000%   8/1/42     3,675   3,944  
  Cabrillo CA Community College District Revenue   0.000%   5/1/26 (2)   6,070   5,115  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.250%   5/1/43     7,925   8,125  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.250%   5/1/48     2,000   2,040  
  California Community College Financing Authority Revenue (NCCD-Orange Coast Properties LLC)   5.250%   5/1/53     6,600   6,711  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/24 (Prere.)   25   30  
  California Department of Water Resources Water System Revenue (Central Valley Project)   5.000%   12/1/33     2,295   2,861  
  California Educational Facilities Authority Revenue (Art Center College of Design)   5.000%   12/1/38     2,250   2,395  
  California Educational Facilities Authority Revenue (Claremont McKenna College)   4.000%   1/1/39     10,000   11,169  
  California Educational Facilities Authority Revenue (College of Arts)   5.250%   6/1/22 (Prere.)   1,125   1,234  
  California Educational Facilities Authority Revenue (Mount St. Mary’s University)   5.000%   10/1/35     800   946  
  California Educational Facilities Authority Revenue (Occidental College)   5.000%   10/1/37     1,130   1,354  
  California Educational Facilities Authority Revenue (Occidental College)   5.000%   10/1/45     1,425   1,689  
  California Educational Facilities Authority Revenue (Pepperdine College)   5.000%   9/1/22 (Prere.)   1,775   1,959  
  California Educational Facilities Authority Revenue (Pepperdine College)   5.000%   9/1/22 (Prere.)   1,225   1,356  
  California Educational Facilities Authority Revenue (Pepperdine College)   5.000%   12/1/24 (Prere.)   2,000   2,398  
  California Educational Facilities Authority Revenue (Pepperdine College)   5.000%   9/1/45     5,000   5,915  
  California Educational Facilities Authority Revenue (Santa Clara University)   5.000%   4/1/39     5,890   6,948  
  California Educational Facilities Authority Revenue (Santa Clara University)   5.000%   4/1/45     6,500   7,614  
  California Educational Facilities Authority Revenue (Stanford University)   5.000%   3/15/26     40   50  
  California Educational Facilities Authority Revenue (Stanford University)   5.000%   3/15/39     4,755   7,214  
  California Educational Facilities Authority Revenue (Stanford University)   5.250%   4/1/40     6,645   10,446  

 

  197 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  California Educational Facilities Authority Revenue (Stanford University)   5.000%   6/1/43     3,810   5,975  
  California Educational Facilities Authority Revenue (Stanford University)   5.000%   5/1/45     4,000   6,361  
  California Educational Facilities Authority Revenue (Stanford University)   5.000%   6/1/46     17,175   27,586  
  California Educational Facilities Authority Revenue (Stanford University)   5.000%   5/1/49     16,335   26,867  
  California Educational Facilities Authority Revenue (University of San Francisco)   6.125%   10/1/21 (Prere.)   610   655  
  California Educational Facilities Authority Revenue (University of San Francisco)   6.125%   10/1/21 (Prere.)   640   687  
  California Educational Facilities Authority Revenue (University of San Francisco)   5.000%   10/1/53     4,000   4,586  
  California Educational Facilities Authority Revenue (University of the Pacific)   5.000%   11/1/30     3,225   3,690  
  California Enterprise Development Authority Lease Revenue (Riverside County Library Facilities Project)   4.000%   11/1/49     1,000   1,118  
  California Enterprise Development Authority Lease Revenue (Riverside County Library Facilities Project)   4.000%   11/1/50     685   763  
  California GO   5.000%   9/1/20     5,250   5,313  
  California GO   5.000%   4/1/22     19,000   20,629  
  California GO   5.000%   4/1/23     2,500   2,827  
  California GO   5.000%   11/1/23     7,000   8,092  
  California GO   5.000%   11/1/23     1,295   1,497  
  California GO   5.000%   4/1/24     9,850   11,560  
  California GO   5.000%   5/1/24     3,000   3,531  
  California GO   4.000%   10/1/24     9,845   11,333  
  California GO   5.000%   10/1/24     10,000   11,940  
  California GO   5.000%   10/1/24     2,000   2,388  
  California GO   5.000%   11/1/24     6,710   8,034  
  California GO   5.000%   4/1/25     5,000   6,068  
  California GO   5.000%   3/1/26     5,065   6,118  
  California GO   4.000%   4/1/26     3,835   4,577  
  California GO   5.000%   4/1/26     13,895   17,377  
  California GO   5.000%   8/1/26     7,435   9,099  
  California GO   5.000%   3/1/27     9,000   10,842  
  California GO   5.000%   4/1/27     10,025   12,829  
  California GO   3.500%   8/1/27     9,000   10,683  
  California GO   5.250%   10/1/27     5,000   5,317  
  California GO   5.000%   3/1/28     10,000   12,016  
  California GO   5.000%   4/1/28     3,185   4,168  
  California GO   5.000%   8/1/28     4,375   5,324  
  California GO   5.000%   8/1/28     6,510   8,152  
  California GO   4.000%   9/1/28     6,000   7,150  
  California GO   5.000%   9/1/28     5,930   7,443  
  California GO   5.000%   10/1/29     11,450   12,771  
  California GO   5.000%   10/1/29     4,045   4,988  
  California GO   5.000%   8/1/30     3,250   4,033  
  California GO   5.000%   4/1/31     7,340   10,171  
  California GO   5.000%   8/1/31     9,460   11,395  
  California GO   5.000%   8/1/31     14,040   17,841  

 

  198 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California GO   5.000%   9/1/31     8,390   10,398  
  California GO   5.000%   10/1/31     4,500   5,288  
  California GO   5.000%   10/1/31     7,485   9,994  
  California GO   5.000%   11/1/31     5,050   6,452  
  California GO   5.000%   4/1/32     4,000   5,252  
  California GO   5.000%   4/1/32     2,500   3,506  
  California GO   4.000%   8/1/32     10,025   11,606  
  California GO   5.250%   8/1/32 (4)   11,500   16,255  
  California GO   4.000%   9/1/32     7,580   8,787  
  California GO   5.000%   9/1/32     1,045   1,104  
  California GO   5.000%   9/1/32     2,810   3,469  
  California GO   5.000%   10/1/32     8,790   10,297  
  California GO   5.000%   10/1/32     7,510   9,950  
  California GO   5.000%   2/1/33     2,615   2,883  
  California GO   5.000%   3/1/33     1,000   1,334  
  California GO   5.000%   4/1/33     10,500   13,695  
  California GO   5.000%   4/1/33     1,200   1,382  
  California GO   5.000%   8/1/33     2,635   3,068  
  California GO   5.000%   8/1/33     5,000   6,136  
  California GO   3.000%   10/1/33     1,000   1,100  
  California GO   5.000%   10/1/33     4,000   4,680  
  California GO   5.000%   9/1/34     3,055   3,748  
  California GO   3.000%   10/1/34     4,540   4,972  
  California GO   5.250%   4/1/35     5,000   5,426  
  California GO   4.000%   8/1/35     10,000   11,456  
  California GO   4.000%   9/1/35     9,575   10,984  
  California GO   5.000%   9/1/35     3,265   3,992  
  California GO   5.000%   10/1/35     7,500   9,064  
  California GO   5.000%   11/1/35     3,750   4,706  
  California GO   5.000%   4/1/36     6,250   7,148  
  California GO   5.000%   9/1/36     8,500   9,282  
  California GO   5.000%   11/1/36     10,000   12,815  
  California GO   5.000%   4/1/37     5,000   5,526  
  California GO   5.000%   4/1/37     9,250   10,563  
  California GO   4.000%   9/1/37     3,005   3,414  
  California GO   5.000%   11/1/37     15,340   19,595  
  California GO   4.000%   10/1/39     4,935   5,872  
  California GO   5.000%   10/1/39     5,620   6,490  
  California GO   5.000%   11/1/39     9,750   12,389  
  California GO   3.800%   12/1/39     3,670   4,169  
  California GO   3.850%   12/1/40     3,830   4,355  
  California GO   5.000%   10/1/41     5,000   5,284  
  California GO   5.000%   4/1/42     2,000   2,145  
  California GO   5.000%   9/1/42     8,515   9,276  
  California GO   3.900%   12/1/42     6,710   7,576  
  California GO   5.000%   2/1/43     6,265   6,864  
  California GO   5.000%   4/1/43     6,500   7,158  
  California GO   5.000%   11/1/43     12,425   13,939  
  California GO   5.000%   12/1/43     5,335   6,002  
  California GO   5.000%   5/1/44     4,000   4,515  
  California GO   5.000%   8/1/45     11,735   13,642  
  California GO   5.000%   8/1/46     10,020   11,973  
  California GO   5.000%   10/1/48     12,115   15,135  
  California GO   5.000%   10/1/49     5,000   6,351  

 

  199 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  California GO   3.000%   3/1/50     5,000   5,263  
  California GO   4.000%   3/1/50     5,000   5,852  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   5.000%   3/1/25     3,000   3,302  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/33     1,300   1,357  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/34     2,700   2,906  
  California Health Facilities Financing Authority Revenue (Adventist Health System/West)   4.000%   3/1/39     5,010   5,323  
  California Health Facilities Financing Authority Revenue (Catholic Healthcare West)   5.250%   3/1/27     2,500   2,561  
  California Health Facilities Financing Authority Revenue (Catholic Healthcare West)   5.250%   3/1/41     9,000   9,182  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   8/15/32     5,000   5,903  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   5.000%   8/15/35     5,000   5,843  
  California Health Facilities Financing Authority Revenue (Cedars-Sinai Medical Center)   4.000%   8/15/39     5,025   5,471  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   11/15/29     3,500   3,753  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   8/15/42     7,500   8,389  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Los Angeles)   5.000%   8/15/47     4,900   5,414  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   5.000%   11/1/32     1,640   2,134  
  California Health Facilities Financing Authority Revenue (Children’s Hospital of Orange County)   5.250%   11/1/41     4,025   4,237  
  California Health Facilities Financing Authority Revenue (Chinese Hospital Association)   5.000%   6/1/37     2,000   2,174  
  California Health Facilities Financing Authority Revenue (Chinese Hospital Association)   5.000%   6/1/42     5,000   5,416  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/32     4,275   4,601  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/32     675   767  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/33     675   765  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/35     7,815   8,376  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/39     4,505   4,809  
  California Health Facilities Financing Authority Revenue (City of Hope Medical Center)   5.000%   11/15/49     10,000   11,528  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/26     2,740   3,214  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/27     1,840   2,150  
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/40     6,000   6,723  

 

  200 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  California Health Facilities Financing Authority Revenue (El Camino Hospital)   5.000%   2/1/47     7,000   8,094  
  California Health Facilities Financing Authority Revenue (Kaiser Permanente)   4.000%   11/1/44     14,000   15,380  
  California Health Facilities Financing Authority Revenue (Kaiser Permanente)   5.000%   11/1/47     5,000   8,006  
  California Health Facilities Financing Authority Revenue (Kaiser Permanente) PUT   5.000%   11/1/29     15,320   19,813  
2 California Health Facilities Financing Authority Revenue (Kaiser Permanente) TOB VRDO   0.080%   6/1/20     39,900   39,900  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/43     5,300   5,875  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   8/15/55     7,000   7,937  
  California Health Facilities Financing Authority Revenue (Lucile Salter Packard Children’s Hospital at Stanford)   5.000%   11/15/56     23,205   26,878  
  California Health Facilities Financing Authority Revenue (Marshall Medical Center)   5.000%   11/1/29     1,000   1,197  
  California Health Facilities Financing Authority Revenue (Marshall Medical Center)   5.000%   11/1/33     1,100   1,307  
  California Health Facilities Financing Authority Revenue (Memorial Health Services)   5.000%   10/1/26     5,000   5,465  
  California Health Facilities Financing Authority Revenue (Memorial Health Services)   5.000%   10/1/33     2,510   2,710  
  California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services)   5.000%   7/1/34     645   752  
  California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services)   5.000%   7/1/39     1,600   1,846  
  California Health Facilities Financing Authority Revenue (Northern California Presbyterian Homes & Services)   5.000%   7/1/44     1,500   1,717  
  California Health Facilities Financing Authority Revenue (Providence Health & Services)   5.000%   10/1/24 (Prere.)   2,605   3,135  
  California Health Facilities Financing Authority Revenue (Providence Health & Services)   5.000%   10/1/29     2,390   2,804  
  California Health Facilities Financing Authority Revenue (Providence Health & Services)   5.000%   10/1/38     3,420   3,871  
  California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group)   4.000%   10/1/36     1,000   1,107  
  California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group)   4.000%   10/1/47     3,045   3,311  
  California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) PUT   5.000%   10/1/25     10,000   11,948  
  California Health Facilities Financing Authority Revenue (Providence St. Joseph Health Obligated Group) PUT   5.000%   10/1/27     3,000   3,708  

 

  201 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  California Health Facilities Financing Authority Revenue (Rady Children’s Hospital)   5.500%   8/15/33     3,920   4,125  
  California Health Facilities Financing Authority Revenue (Scripps Health)   5.000%   11/15/40     8,000   8,267  
  California Health Facilities Financing Authority Revenue (Stanford Health Care Obligated Group)   5.000%   11/15/29     5,080   6,440  
  California Health Facilities Financing Authority Revenue (Stanford Health Care Obligated Group)   4.000%   8/15/50     2,000   2,269  
2 California Health Facilities Financing Authority Revenue (Stanford Health Care Obligated Group) TOB VRDO   0.290%   6/5/20     15,575   15,575  
  California Health Facilities Financing Authority Revenue (Stanford Hospital)   5.000%   8/15/42     5,000   5,333  
  California Health Facilities Financing Authority Revenue (Stanford Hospital)   5.000%   8/15/54     2,000   2,284  
  California Health Facilities Financing Authority Revenue (Sutter Health)   5.875%   8/15/20 (Prere.)   4,000   4,046  
  California Health Facilities Financing Authority Revenue (Sutter Health)   5.000%   11/15/29     1,500   1,825  
  California Health Facilities Financing Authority Revenue (Sutter Health)   5.000%   11/15/30     1,425   1,719  
  California Health Facilities Financing Authority Revenue (Sutter Health)   5.000%   11/15/33     1,235   1,457  
  California Health Facilities Financing Authority Revenue (Sutter Health)   4.000%   8/15/40     6,500   6,963  
  California Health Facilities Financing Authority Revenue (Sutter Health)   4.000%   11/15/42     7,400   7,940  
  California Health Facilities Financing Authority Revenue (Sutter Health)   5.000%   8/15/43     9,635   10,916  
  California Health Facilities Financing Authority Revenue (Sutter Health)   5.000%   11/15/46     22,000   24,977  
  California Health Facilities Financing Authority Revenue (Sutter Health)   5.000%   11/15/48     11,130   12,750  
  California Health Facilities Financing Authority Revenue (Sutter Health)   5.000%   11/15/48     26,010   29,797  
2 California Health Facilities Financing Authority Revenue (Sutter Health) TOB VRDO   0.290%   6/5/20     10,000   10,000  
  California Housing Finance Agency Revenue   4.000%   3/20/33     10,933   11,155  
  California Housing Finance Agency Revenue   4.250%   1/15/35     2,850   2,947  
  California Housing Finance Agency Revenue   2.500%   2/1/38     1,744   1,812  
  California Infrastructure & Economic Development Bank Revenue   5.000%   10/1/33     3,075   3,833  
  California Infrastructure & Economic Development Bank Revenue   5.000%   10/1/34     5,000   6,131  
  California Infrastructure & Economic Development Bank Revenue   5.000%   8/1/44     7,240   8,902  
  California Infrastructure & Economic Development Bank Revenue   5.000%   8/1/49     4,165   5,092  
  California Infrastructure & Economic Development Bank Revenue (Academy of Motion Picture Arts & Sciences Obligated Group)   5.000%   11/1/30     2,000   2,257  

 

  202 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  California Infrastructure & Economic Development Bank Revenue (Academy of Motion Picture Arts & Sciences Obligated Group)   5.000%   11/1/41     6,100   6,787  
  California Infrastructure & Economic Development Bank Revenue (Sanford Consortium for Regenerative Medicine)   4.000%   5/15/40     5,505   6,143  
  California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project)   5.000%   5/1/28     1,220   1,463  
  California Infrastructure & Economic Development Bank Revenue (Science Center Phase II Project)   5.000%   5/1/29     1,290   1,540  
  California Infrastructure & Economic Development Bank Revenue (University of California)   5.000%   5/15/52     5,000   6,038  
  California Municipal Finance Authority Mobile Home Park Revenue (Caritas Affordable Housing Inc. Projects)   4.000%   8/15/42     1,000   1,033  
  California Municipal Finance Authority Multifamily Housing Revenue (Park Western Housing LP)   2.650%   8/1/36     8,191   8,619  
  California Municipal Finance Authority Revenue (Anaheim Electric Utility Distribution System)   5.000%   10/1/33     2,120   2,548  
  California Municipal Finance Authority Revenue (Anaheim Electric Utility Distribution System)   5.000%   10/1/34     1,340   1,608  
  California Municipal Finance Authority Revenue (Anaheim Water System Project Revenue)   4.000%   10/1/34     4,560   5,141  
  California Municipal Finance Authority Revenue (Azusa Pacific University)   5.000%   4/1/35     2,000   2,018  
  California Municipal Finance Authority Revenue (Azusa Pacific University)   5.000%   4/1/41     5,000   5,003  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/33     625   682  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/34     1,125   1,225  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/38     1,255   1,312  
  California Municipal Finance Authority Revenue (Biola University)   5.000%   10/1/42     2,500   2,598  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/32     225   252  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/34     750   831  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/36     250   275  
  California Municipal Finance Authority Revenue (California Lutheran University)   5.000%   10/1/38     300   327  
  California Municipal Finance Authority Revenue (Channing House Project)   4.000%   5/15/40     6,500   7,154  

 

  203 

 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Municipal Finance Authority Revenue (Channing House Project)   5.000%   5/15/47     3,000   3,510  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/28     1,800   2,131  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/31     2,370   2,767  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/40     5,000   5,486  
  California Municipal Finance Authority Revenue (Community Hospitals of Central California Obligated Group)   5.000%   2/1/47     9,200   10,249  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/32     750   875  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/34     1,750   2,015  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/37     1,800   2,044  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/42     6,030   6,727  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   5.000%   7/1/42     2,500   2,789  
  California Municipal Finance Authority Revenue (Eisenhower Medical Center)   4.000%   7/1/47     5,000   5,156  
  California Municipal Finance Authority Revenue (Institute on Aging Project)   5.000%   8/15/37     930   1,127  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/35     690   740  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.250%   11/1/41     5,520   6,046  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/44     1,800   1,897  
  California Municipal Finance Authority Revenue (NorthBay Healthcare Group)   5.000%   11/1/47     3,050   3,265  
  California Municipal Finance Authority Revenue (Retirement Housing Foundation Obligated Group)   5.000%   11/15/29     390   434  
  California Municipal Finance Authority Revenue (Retirement Housing Foundation Obligated Group)   5.000%   11/15/30     275   307  
  California Municipal Finance Authority Revenue (Retirement Housing Foundation Obligated Group)   5.000%   11/15/31     2,910   3,255  
  California Municipal Finance Authority Revenue (University of La Verne)   5.250%   6/1/20 (ETM)   2,420   2,420  
  California Municipal Finance Authority Revenue (University of San Diego) PUT   1.750%   8/1/26     2,000   2,063  
  California Municipal Finance Authority Student Housing Revenue (Bowles Hall Foundation)   5.000%   6/1/50     2,580   2,668  
  California Municipal Finance Authority Student Housing Revenue (CHF-Davis I LLC)   4.000%   5/15/48 (15)   5,000   5,055  

 

  204 

 

 

California Long-Term Tax-Exempt Fund                    
                     
                       
                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/40     3,525   3,827  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/40     1,500   1,641  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/43     2,445   2,637  
  California Municipal Finance Authority Student Housing Revenue (CHF-Riverside I LLC)   5.000%   5/15/52     10,000   10,692  
  California Municipal Finance Authority Water Revenue (San Bernardino Municipal Water Department)   5.000%   8/1/46 (15)   7,500   8,995  
  California Public Finance Authority Revenue (Sharp Healthcare Obligated Group)   4.000%   8/1/47     5,000   5,557  
  California Public Finance Authority Revenue (Sharp Healthcare Obligated Group)   5.000%   8/1/47     5,430   6,455  
  California Public Works Board Lease Revenue   4.000%   3/1/37     655   772  
  California Public Works Board Lease Revenue   4.000%   3/1/38     1,000   1,175  
  California Public Works Board Lease Revenue (Department of Corrections)   5.000%   5/1/29     7,095   9,191  
  California Public Works Board Lease Revenue (Department of Corrections)   4.500%   9/1/35     4,000   4,485  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/29     2,500   2,783  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/34     1,300   1,431  
  California Public Works Board Lease Revenue (Judicial Council Projects)   5.000%   3/1/38     3,470   3,794  
  California Public Works Board Lease Revenue (Office of Emergency Services)   5.000%   4/1/31     1,000   1,243  
  California Public Works Board Lease Revenue (Riverside Campus)   5.000%   4/1/31     2,500   3,108  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   4/1/23     4,580   4,968  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/23     540   623  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/26     5,000   5,537  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/27     5,000   6,466  
  California Public Works Board Lease Revenue (Various Capital Projects)   4.000%   11/1/30     6,000   6,943  
  California Public Works Board Lease Revenue (Various Capital Projects)   4.000%   4/1/33     2,220   2,520  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.500%   11/1/33     2,330   2,687  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/37     5,000   5,461  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   9/1/39     3,000   3,414  
  California Public Works Board Lease Revenue (Various Capital Projects)   5.000%   11/1/44     4,000   5,043  
  California School Finance Authority Charter School Revenue (Aspire Public Schools)   5.000%   8/1/36     1,300   1,370  

 

  205 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California School Finance Authority Revenue (Educational Facilities)   5.000%   6/1/50     2,120   2,062  
  California School Finance Authority Revenue (Granada Hills Charter High School Obligated Group)   5.000%   7/1/49     2,000   2,079  
  California School Finance Authority Revenue (Green Dot Public Schools Obligated Group)   5.000%   8/1/48     3,025   3,200  
  California State University Systemwide Revenue   5.000%   11/1/21 (Prere.)   1,355   1,447  
  California State University Systemwide Revenue   5.000%   11/1/24     1,645   1,974  
  California State University Systemwide Revenue   5.000%   11/1/30     2,500   3,063  
  California State University Systemwide Revenue   5.000%   11/1/30     6,690   8,267  
  California State University Systemwide Revenue   5.000%   11/1/31     7,000   8,304  
  California State University Systemwide Revenue   5.000%   11/1/31     5,150   6,334  
  California State University Systemwide Revenue   5.000%   11/1/32     7,000   8,274  
  California State University Systemwide Revenue   5.000%   11/1/32     6,610   8,087  
  California State University Systemwide Revenue   5.000%   11/1/33     3,590   4,233  
  California State University Systemwide Revenue   4.000%   11/1/37     2,275   2,565  
  California State University Systemwide Revenue   5.000%   11/1/37     8,750   9,598  
  California State University Systemwide Revenue   5.000%   11/1/37     5,025   6,532  
  California State University Systemwide Revenue   4.000%   11/1/38     1,410   1,585  
  California State University Systemwide Revenue   5.000%   11/1/38     4,040   4,846  
  California State University Systemwide Revenue   5.000%   11/1/38     4,015   5,195  
  California State University Systemwide Revenue   5.000%   11/1/43     1,825   2,171  
  California State University Systemwide Revenue   5.000%   11/1/47     8,620   10,215  
  California State University Systemwide Revenue   5.000%   11/1/47     6,105   7,360  
  California State University Systemwide Revenue   5.000%   11/1/48     4,900   6,085  
  California State University Systemwide Revenue   5.000%   11/1/50     6,000   7,424  
  California State University Systemwide Revenue   5.000%   11/1/51     6,070   7,637  
  California State University Systemwide Revenue PUT   1.600%   11/1/26     3,500   3,604  
  California Statewide Communities Development Authority (Rady Children’s Hospital) VRDO   0.040%   6/1/20 LOC   2,600   2,600  

 

  206 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Hospital Revenue (Methodist Hospital of Southern California)   5.000%   1/1/48     5,000   5,582  
  California Statewide Communities Development Authority Revenue (899 Charleston Project)   5.250%   11/1/44     1,000   1,000  
  California Statewide Communities Development Authority Revenue (899 Charleston Project)   5.375%   11/1/49     2,300   2,307  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/27     2,035   2,422  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/31     4,745   5,546  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/33     1,350   1,631  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   3.500%   3/1/38     625   650  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/45     4,315   4,847  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West)   5.000%   3/1/48     3,000   3,477  
  California Statewide Communities Development Authority Revenue (Adventist Health System/West) PUT   5.000%   3/1/27     3,000   3,467  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/29 (4)   940   1,103  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/44 (4)   5,525   6,324  
  California Statewide Communities Development Authority Revenue (Buck Institute for Age Research)   5.000%   11/15/49 (4)   1,000   1,140  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24 (Prere.)   310   372  
  California Statewide Communities Development Authority Revenue (Cottage Health System Obligated Group)   5.000%   11/1/24 (Prere.)   10,000   12,001  
  California Statewide Communities Development Authority Revenue (Covenant Retirement Communities Inc.)   5.625%   12/1/36     4,000   4,254  
  California Statewide Communities Development Authority Revenue (Episcopal Communities & Services)   5.000%   5/15/42     2,500   2,596  
  California Statewide Communities Development Authority Revenue (Episcopal Communities & Services)   5.000%   5/15/47     2,000   2,074  

 

  207 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/43     1,500   1,683  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/44     5,800   6,287  
  California Statewide Communities Development Authority Revenue (Huntington Memorial Hospital)   5.000%   7/1/48     7,000   7,804  
  California Statewide Communities Development Authority Revenue (John Muir Health)   5.000%   8/15/46     1,525   1,748  
  California Statewide Communities Development Authority Revenue (John Muir Health)   5.000%   8/15/51     3,000   3,427  
  California Statewide Communities Development Authority Revenue (John Muir Health)   5.000%   12/1/53     2,500   2,919  
  California Statewide Communities Development Authority Revenue (John Muir Health)   5.000%   12/1/57     3,775   4,404  
2 California Statewide Communities Development Authority Revenue (John Muir Health) PUT   4.000%   8/15/24     4,925   5,573  
  California Statewide Communities Development Authority Revenue (Kaiser Permanente) PUT   5.000%   11/1/29     1,680   2,173  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/34     680   816  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/35     800   956  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/36     780   929  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/37     520   617  
  California Statewide Communities Development Authority Revenue (Marin General Hospital)   5.000%   8/1/38     500   592  
  California Statewide Communities Development Authority Revenue (Redlands Community Hospital)   5.000%   10/1/46     1,800   1,969  
  California Statewide Communities Development Authority Revenue (Sutter Health)   5.250%   8/15/31     2,500   2,615  
  California Statewide Communities Development Authority Revenue (Sutter Health)   5.000%   8/15/32     11,000   11,791  
  California Statewide Communities Development Authority Revenue (The Culinary Institute of America Project)   5.000%   7/1/41     1,145   1,189  

 

  208 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  California Statewide Communities Development Authority Revenue (Trinity Health)   5.000%   12/1/21 (Prere.)   7,280   7,793  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/29     2,000   2,179  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/30     3,500   3,794  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/32     2,500   2,682  
  California Statewide Communities Development Authority Student Housing Revenue (CHF-Irvine LLC - UCI East Campus Apartments Phase II)   5.000%   5/15/40     4,445   4,671  
  Campbell CA Union High School District GO   5.000%   8/1/35     1,000   1,236  
  Carlsbad CA Unified School District GO   4.000%   5/1/32     575   672  
  Carlsbad CA Unified School District GO   4.000%   5/1/33     685   796  
  Carlsbad CA Unified School District GO   4.000%   5/1/34     690   798  
  Carlsbad CA Unified School District GO   3.000%   8/1/42     2,730   2,930  
  Carlsbad CA Unified School District GO   3.125%   8/1/48     6,000   6,440  
  Centinela Valley CA Union High School District GO   6.000%   8/1/23 (Prere.)   3,000   3,532  
  Centinela Valley CA Union High School District GO   4.000%   8/1/50 (4)   3,000   3,261  
  Central CA Unified School District GO   4.000%   8/1/48     8,400   9,310  
  Central School District San Bernardino California GO   5.000%   8/1/47     3,350   4,033  
  Central School District San Bernardino California GO   4.000%   8/1/48     3,945   4,477  
  Ceres CA Unified School District GO   5.000%   8/1/51 (15)   5,000   5,946  
  Cerritos CA Community College District GO   4.000%   8/1/33     2,135   2,365  
  Cerritos CA Community College District GO   0.000%   8/1/34     4,000   3,063  
  Cerritos CA Community College District GO   0.000%   8/1/35     1,730   1,284  
  Cerritos CA Community College District GO   5.000%   8/1/38     7,000   7,605  
  Chabot-Las Positas CA Community College District GO   5.000%   8/1/30     3,500   3,993  
  Chabot-Las Positas CA Community College District GO   4.000%   8/1/47     1,100   1,249  
  Charter Oak CA Unified School District GO   5.000%   8/1/31 (4)   1,380   1,660  
  Charter Oak CA Unified School District GO   5.000%   8/1/33 (4)   1,755   2,103  
  Chico CA Unified School District GO   4.000%   8/1/35     1,880   2,109  
  Chico CA Unified School District GO   3.000%   8/1/44     8,000   8,273  
  Chino Valley CA Unified School District GO   5.000%   8/1/55     1,500   1,908  
  Chula Vista CA Elementary School District BAN   0.000%   8/1/23     2,000   1,972  
  Chula Vista CA Redevelopment Agency Successor Agency Tax Allocation Revenue   4.000%   10/1/25     2,130   2,425  
  Chula Vista CA Redevelopment Agency Successor Agency Tax Allocation Revenue   4.000%   10/1/26     1,175   1,358  

 

  209 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
1 Citrus CA Community College District GO, 5.000% coupon rate effective 2/1/2023   0.000%   8/1/36     1,810   1,788  
1 Citrus CA Community College District GO, 5.000% coupon rate effective 2/1/2023   0.000%   8/1/37     2,475   2,438  
1 Citrus CA Community College District GO, 5.000% coupon rate effective 2/1/2023   0.000%   8/1/38     2,150   2,112  
  Clovis CA Wastewater System Revenue   5.000%   8/1/37 (15)   1,000   1,217  
  Clovis CA Wastewater System Revenue   5.000%   8/1/38 (15)   2,235   2,713  
  Coast CA Community College District GO   4.000%   8/1/32     540   661  
  Coast CA Community College District GO   4.000%   8/1/33     1,175   1,421  
  Coast CA Community College District GO   4.000%   8/1/34     250   300  
  Colton CA Joint Unified School District GO   4.000%   8/1/32 (15)   1,340   1,527  
  Compton CA Unified School District COP   5.000%   6/1/30 (15)   300   375  
  Compton CA Unified School District COP   4.000%   6/1/37 (15)   520   593  
  Conejo Valley CA Unified School District GO   0.000%   8/1/29 (4)   2,000   1,550  
  Conejo Valley CA Unified School District GO   0.000%   8/1/30 (4)   1,865   1,367  
  Contra Costa CA Community College District GO   5.000%   8/1/23 (Prere.)   3,600   4,142  
  Contra Costa CA Transportation Authority Sales Tax Revenue   5.000%   3/1/34     1,970   2,181  
  Corona-Norco CA Unified School District GO   4.000%   8/1/49     3,000   3,401  
  Cotati-Rohnert Park CA Unified School District GO   5.000%   8/1/44 (4)   3,000   3,447  
2 Culver City CA Unified School District GO TOB VRDO   0.060%   6/1/20     6,660   6,660  
  East Bay CA Regional Park District GO   5.000%   9/1/25     175   176  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/30 (4)   2,000   2,226  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/31 (4)   2,000   2,204  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/32 (4)   1,500   1,642  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/33 (4)   1,500   1,633  
  East Side CA Union High School District Santa Clara County GO   3.000%   8/1/35 (4)   5,995   6,461  
  Eastern California Municipal Water District Water & Sewer Revenue   4.000%   7/1/34     5,300   6,078  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/31     400   552  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/32     600   821  
  Eastern California Municipal Water District Water & Wastewater Revenue   4.000%   7/1/35     3,780   4,320  
  Eastern California Municipal Water District Water & Wastewater Revenue   4.000%   7/1/37     1,115   1,365  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/37     1,000   1,333  
  Eastern California Municipal Water District Water & Wastewater Revenue   5.000%   7/1/39     2,030   2,466  
  El Camino CA Community College District GO   5.000%   8/1/32     1,000   1,243  
  El Camino CA Community College District GO   5.000%   8/1/33     1,115   1,385  
  El Camino CA Community College District GO   5.000%   8/1/37     1,550   1,908  
  El Camino CA Community College District GO   5.000%   8/1/48     6,550   8,087  

 

  210 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  El Camino CA Healthcare District GO   4.000%   8/1/34     5,000   5,778  
  El Dorado CA Irrigation District Revenue   5.250%   3/1/39 (4)   7,500   8,733  
  El Segundo CA Unified School District GO   3.125%   8/1/48     4,530   4,808  
  Encinitas CA Community Facilities District No. 1 Special Tax Revenue   5.000%   9/1/27     1,000   1,083  
  Evergreen CA School District Election GO   4.000%   8/1/39     330   384  
  Fairfield-Suisun CA Unified School District GO   2.000%   8/1/33     4,890   5,010  
3 Federal Home Loan Mortgage Corp. Multifamily Housing Revenue   3.050%   4/15/34     1,640   1,830  
3 Federal Home Loan Mortgage Corp. Multifamily Housing Revenue   2.350%   12/15/35     4,985   5,354  
  Folsom Ranch CA Financing Authority Special Tax Revenue   5.000%   9/1/33     530   595  
  Folsom Ranch CA Financing Authority Special Tax Revenue   5.000%   9/1/38     845   932  
  Folsom Ranch CA Financing Authority Special Tax Revenue   5.000%   9/1/48     1,675   1,830  
  Foothill-De Anza CA Community College District GO   0.000%   8/1/22 (14)   3,850   3,814  
  Foothill-De Anza CA Community College District GO   0.000%   8/1/23 (14)   3,590   3,530  
  Foothill-De Anza CA Community College District GO   0.000%   8/1/25 (14)   2,390   2,292  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue   6.000%   1/15/24 (Prere.)   6,675   8,041  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue   6.500%   1/15/43     2,200   2,481  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue   5.750%   1/15/46     14,500   16,011  
  Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue PUT   3.500%   1/15/53     3,500   3,548  
1 Foothill/Eastern Transportation Corridor Agency California Toll Road Revenue, 6.850% coupon rate effective 1/15/2024   0.000%   1/15/42     9,000   9,400  
3 Freddie Mac Multifamily ML Certificates 2019-ML05   3.350%   11/25/33     1,983   2,264  
  Fresno CA Joint Powers Financing Authority Lease Revenue   5.000%   4/1/35 (4)   1,000   1,197  
  Fresno CA Unified School District GO   4.000%   8/1/31     450   525  
  Fresno CA Unified School District GO   4.000%   8/1/32     550   636  
  Fresno CA Unified School District GO   4.000%   8/1/33     750   864  
  Fresno CA Unified School District GO   4.000%   8/1/34     800   916  
  Fresno CA Unified School District GO   4.000%   8/1/35     850   970  
  Fresno CA Unified School District GO   4.000%   8/1/36     1,000   1,137  
  Fresno CA Unified School District GO   4.000%   8/1/37     850   964  
  Fresno CA Unified School District GO   4.000%   8/1/39     1,600   1,804  
2 Fresno CA Unified School District GO TOB VRDO   0.290%   6/5/20     6,170   6,170  
  Gilroy CA School Facilities Finance Authority Revenue   5.000%   8/1/23 (Prere.)   5,000   5,719  
  Gilroy CA Unified School District GO   4.000%   8/1/33     1,155   1,330  
  Gilroy CA Unified School District GO   4.000%   8/1/36     1,000   1,137  
  Gilroy CA Unified School District GO   4.000%   8/1/37     1,100   1,247  
  Gilroy CA Unified School District GO   4.000%   8/1/41     3,115   3,490  

 

  211 

 

 

 

California Long-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Gilroy CA Unified School District GO   4.000%   8/1/46     8,000   8,904  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/25     4,120   4,805  
  Golden State Tobacco Securitization Corp. California Revenue   0.000%   6/1/28 (2)   10,045   8,853  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/30     5,250   6,246  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/31     6,500   7,686  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/32     2,260   2,654  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/33     1,365   1,596  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/35     5,190   6,008  
  Golden State Tobacco Securitization Corp. California Revenue   5.000%   6/1/40     14,015   16,070  
2 Golden State Tobacco Securitization Corp. California Revenue TOB VRDO   0.240%   6/5/20 LOC   14,865   14,865  
  Grossmont CA Healthcare District GO   6.125%   7/15/21 (Prere.)   2,500   2,664  
  Grossmont CA Healthcare District GO   4.000%   7/15/40     10,000   11,038  
  Grossmont CA Union High School District GO   0.000%   8/1/30     6,550   5,452  
  Grossmont-Cuyamaca CA Community College District GO   4.000%   8/1/47     10,935   12,540  
  Hartnell CA Community College District GO   4.000%   8/1/47     4,165   4,707  
  Hayward CA Unified School District GO   5.000%   8/1/31 (4)   3,780   4,411  
  Hayward CA Unified School District GO   5.000%   8/1/31 (4)   3,500   4,085  
  Hayward CA Unified School District GO   5.000%   8/1/33 (15)   1,335   1,695  
  Hayward CA Unified School District GO   5.000%   8/1/34 (15)   1,000   1,265  
  Hayward CA Unified School District GO   4.000%   8/1/43 (15)   3,000   3,396  
  Hayward CA Unified School District GO   5.000%   8/1/44 (15)   1,045   1,273  
  Hayward CA Unified School District GO   4.000%   8/1/48 (15)   4,050   4,555  
  Hemet CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/39     1,100   1,193  
  Imperial CA Community College District GO   0.000%   8/1/30 (15)   2,125   1,655  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/32     2,765   3,337  
  Imperial CA Irrigation District Electric Revenue   5.000%   11/1/45     4,010   4,810  
  Imperial CA Unified School District GO   5.250%   8/1/43 (15)   5,000   6,093  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/32 (15)   1,000   1,224  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/34 (15)   1,060   1,287  
  Inglewood CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   5/1/38 (15)   500   599  
  Inglewood CA Unified School District GO   4.000%   8/1/26 (15)   250   297  
  Inglewood CA Unified School District GO   5.000%   8/1/31 (15)   500   621  
  Inglewood CA Unified School District GO   5.000%   8/1/32 (15)   420   519  
  Inglewood CA Unified School District GO   4.000%   8/1/36 (15)   500   572  
  Irvine CA Assessment District No. 93-14 Improvement Revenue VRDO   0.050%   6/1/20 LOC   2,700   2,700  
  Irvine CA Facilities District No. 2013-3 Special Tax Revenue   5.000%   9/1/51 (4)   1,250   1,464  
  Irvine CA Reassessment District No. 85-7A Improvement Revenue VRDO   0.040%   6/1/20 LOC   1,800   1,800  

 

  212 

 

 

California Long-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Irvine CA Unified School District Community                    
  Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/37     265   306  
  Irvine CA Unified School District Community                    
  Facilities District No. 09-1 Special Tax Revenue   4.000%   9/1/40     350   379  
  Irvine CA Unified School District Community                    
  Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/42     400   456  
  Irvine CA Unified School District Community                    
  Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/47     1,000   1,130  
  Irvine CA Unified School District Community                    
  Facilities District No. 09-1 Special Tax Revenue   4.000%   9/1/49 (15)   1,110   1,219  
  Irvine CA Unified School District Community                    
  Facilities District No. 09-1 Special Tax Revenue   5.000%   9/1/51     1,000   1,124  
  Irvine CA Unified School District Community                    
  Facilities District No. 09-1 Special Tax Revenue   4.000%   9/1/54 (15)   2,750   3,008  
4 Jefferson CA Union High School District GO   4.000%   8/1/45     1,250   1,415  
  Jurupa CA Unified School District GO   4.000%   8/1/43     8,000   9,202  
  La Quinta CA Redevelopment Agency Successor Agency Tax Allocation   5.000%   9/1/32 (4)   2,000   2,242  
  La Quinta CA Redevelopment Agency Tax Allocation Revenue   5.000%   9/1/34     1,050   1,199  
  La Verne CA (Brethren Hillcrest Homes) COP   5.000%   5/15/36     2,450   2,439  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/29     1,010   1,203  
  Lancaster CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   8/1/30     1,255   1,484  
  Las Virgenes CA Unified School District GO   0.000%   9/1/26 (14)   6,160   5,824  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/32 (4)   3,220   4,005  
  Lincoln CA Special Tax Revenue (Lincoln Crossing Project)   5.000%   9/1/34 (4)   2,000   2,465  
  Livermore CA COP VRDO   0.040%   6/1/20 LOC   2,355   2,355  
  Livermore Valley CA Joint Unified School District GO   4.000%   8/1/31     330   382  
  Livermore Valley CA Joint Unified School District GO   4.000%   8/1/33     400   459  
  Livermore Valley CA Water Financing Authority Revenue   4.000%   7/1/43     3,000   3,375  
  Lodi CA Public Financing Authority Electric Revenue   5.000%   9/1/32 (4)   1,640   2,098  
  Long Beach CA Airport Revenue   5.000%   6/1/40     4,440   4,452  
  Long Beach CA Community College District GO   0.000%   8/1/34     2,830   2,134  
  Long Beach CA Community College District GO   4.000%   8/1/45     2,000   2,297  
  Long Beach CA Community College District GO   4.000%   8/1/49     4,400   5,034  

 

  213 

 

 

California Long-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.000%   11/15/29     1,235   1,553  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.000%   11/15/35     1,575   2,079  
  Long Beach CA Finance Authority Natural Gas Purchase Revenue   5.500%   11/15/37     3,090   4,355  
5 Long Beach CA Finance Authority Natural Gas Purchase Revenue, 67% of 3M USD LIBOR + 1.430%   1.693%   11/15/26     1,800   1,728  
  Long Beach CA Finance Authority Tax Revenue   5.500%   8/1/26 (2)   7,570   8,716  
  Long Beach CA Finance Authority Tax Revenue   5.500%   8/1/31 (2)   4,215   5,357  
  Long Beach CA Harbor Revenue   5.000%   5/15/39     1,510   1,758  
  Long Beach CA Harbor Revenue   5.000%   5/15/42     2,155   2,498  
  Long Beach CA Harbor Revenue   5.000%   5/15/47     4,995   5,925  
  Long Beach CA Unified School District GO   0.000%   8/1/26     1,870   1,687  
  Long Beach CA Unified School District GO   3.000%   8/1/39     2,840   3,011  
  Los Angeles CA Community College District GO   5.250%   8/1/20 (Prere.)   5,000   5,042  
  Los Angeles CA Community College District GO   5.000%   8/1/28     3,510   4,169  
  Los Angeles CA Community College District GO   5.000%   8/1/29     5,000   5,921  
  Los Angeles CA Community College District GO   5.000%   8/1/30     5,500   6,493  
  Los Angeles CA Community College District GO   4.000%   8/1/31     1,870   2,180  
  Los Angeles CA Community College District GO   4.000%   8/1/33     3,500   3,891  
  Los Angeles CA Community College District GO   4.000%   8/1/33     1,075   1,259  
  Los Angeles CA Community College District GO   4.000%   8/1/34     3,525   4,037  
  Los Angeles CA Community College District GO   4.000%   8/1/36     2,300   2,665  
  Los Angeles CA Community College District GO   4.000%   8/1/36     5,415   6,160  
  Los Angeles CA Community College District GO   4.000%   8/1/37     5,000   5,388  
  Los Angeles CA Community College District GO   4.000%   8/1/37     4,250   4,822  
  Los Angeles CA Community College District GO   4.000%   8/1/39     1,000   1,130  
  Los Angeles CA Community College District GO   4.000%   8/1/41     5,000   5,723  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/30     3,195   3,227  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/35     16,000   17,124  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/35     1,565   1,584  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/35     1,000   1,207  

 

  214 

 

 

California Long-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/37     2,135   2,659  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/38     5,240   6,024  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/38     2,150   2,677  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/38     2,100   2,615  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/42     2,000   2,373  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/43     2,500   3,076  
  Los Angeles CA Department of Airports International Airport Revenue   5.000%   5/15/49     5,000   6,045  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/33     3,000   3,853  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/34     4,000   5,120  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/35     3,660   4,662  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/36     3,000   3,803  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/37     3,195   4,035  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/38     695   878  
  Los Angeles CA Department of Airports Revenue (Los Angeles International Airport)   5.000%   5/15/39     5,750   7,239  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/29     5,000   5,987  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/30     5,000   6,582  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/31     1,380   1,697  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     4,675   6,133  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/32     7,030   9,222  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     2,500   2,919  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     5,075   6,550  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     3,025   3,941  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/33     5,000   6,515  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/34     9,020   11,606  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/35     3,500   4,073  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     10,000   10,846  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     3,790   4,577  

 

  215 

 

 

California Long-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/36     4,765   5,873  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/37     1,545   1,675  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/37     1,700   2,129  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/37     4,675   5,744  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/37     1,640   2,060  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/38     5,000   5,414  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/38     1,835   2,198  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/38     2,500   3,064  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/38     4,345   5,428  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/38     1,000   1,252  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/39     4,100   4,746  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/40     2,020   2,412  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/42     4,500   5,354  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/43     10,150   10,958  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/43     5,000   5,402  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/43     5,000   5,672  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/43     6,640   8,310  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/44     13,950   16,057  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/46     1,375   1,628  
  Los Angeles CA Department of Water & Power Revenue   5.000%   7/1/46     2,500   2,960  
2 Los Angeles CA Department of Water & Power Revenue TOB VRDO   0.290%   6/5/20     7,235   7,235  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     2,900   2,900  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.040%   6/1/20     9,865   9,865  
  Los Angeles CA Department of Water & Power Revenue VRDO   0.060%   6/1/20     4,000   4,000  
  Los Angeles CA Harbor Department Revenue   4.000%   8/1/39     3,000   3,345  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/36     3,750   4,755  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/38     5,950   7,488  

 

  216 

 

 

California Long-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/41     3,000   3,672  
  Los Angeles CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/44     15,500   19,194  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/26     3,240   3,740  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/29     3,000   3,663  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/30     2,465   2,995  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/31     1,565   1,784  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/32     1,525   1,733  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   4.000%   11/1/33     5,200   5,962  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   5.000%   11/1/33     1,765   2,001  
  Los Angeles CA Municipal Improvement Corp. Lease Revenue   4.000%   11/1/34     2,500   2,848  
  Los Angeles CA Unified School District GO   5.000%   7/1/23     1,000   1,143  
  Los Angeles CA Unified School District GO   5.000%   7/1/28     8,000   9,323  
  Los Angeles CA Unified School District GO   5.000%   7/1/28     2,040   2,632  
  Los Angeles CA Unified School District GO   5.000%   7/1/30     2,860   3,321  
  Los Angeles CA Unified School District GO   4.000%   7/1/35     5,000   5,599  
  Los Angeles CA Unified School District GO   4.000%   7/1/36     5,000   6,010  
  Los Angeles CA Unified School District GO   4.000%   7/1/40     2,725   3,217  
  Los Angeles CA Unified School District GO   4.000%   7/1/44     5,000   5,836  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/33     1,010   1,269  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/34     3,250   4,068  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/35     2,500   3,118  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/35     5,000   5,980  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/36     1,660   2,060  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/37     2,100   2,599  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/43     2,860   3,199  
  Los Angeles CA Wastewater System Revenue   5.000%   6/1/48     10,000   12,329  
  Los Angeles County CA Public Works Financing Authority Revenue   5.000%   12/1/34     2,000   2,352  
  Los Angeles County CA Facilities Inc. Lease Revenue   4.000%   12/1/48     7,515   8,533  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   6/1/31     2,025   2,501  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   6/1/32     2,340   2,876  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   6/1/34     5,225   6,378  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/34     3,305   4,125  
  Los Angeles County CA Metropolitan Transportation Authority Sales Tax Revenue   5.000%   7/1/37     3,580   4,422  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   8/1/37     2,750   2,983  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   8/1/42     5,940   6,419  

 

  217 

 

 

California Long-Term Tax-Exempt Fund

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/45     1,160   1,355  
  Los Angeles County CA Public Works Financing Authority Lease Revenue   5.000%   12/1/49     5,035   6,099  
  Los Angeles County CA Sanitation Districts Financing Authority Revenue   5.000%   10/1/35     4,000   4,860  
  Los Angeles County CA School District GO   5.000%   7/1/30 (15)   2,820   3,614  
  Los Angeles County CA Schools Regionalized Business Services Corp. COP   0.000%   8/1/20 (2)   2,095   2,093  
  Los Angeles County CA Unified School District GO   5.000%   7/1/30     4,110   5,464  
  Los Angeles County CA Unified School District GO   5.000%   7/1/31     5,030   6,641  
  Los Angeles County CA Unified School District GO   3.000%   1/1/34     4,780   5,231  
  Los Rios CA Community College District GO   4.000%   8/1/34     4,500   5,250  
  Los Rios CA Community College District GO   3.000%   8/1/44     3,850   4,020  
  M-S-R California Energy Authority Revenue   7.000%   11/1/34     7,000   10,248  
  M-S-R California Energy Authority Revenue   7.000%   11/1/34     3,200   4,685  
  M-S-R California Energy Authority Revenue   6.500%   11/1/39     3,690   5,520  
  M-S-R California Energy Authority Revenue   6.500%   11/1/39     4,195   6,276  
  M-S-R California Public Power Agency Revenue (San Juan Project)   6.750%   7/1/20 (ETM)   1,745   1,754  
  Madera CA Unified School District GO   0.000%   8/1/28 (14)   2,680   2,417  
  Manteca CA Redevelopment Agency Tax Allocation Revenue   4.000%   10/1/34 (15)   500   607  
  Marin CA Community College District GO   4.000%   8/1/35     700   799  
  Marin CA Community College District GO   4.000%   8/1/38     1,500   1,698  
  Marin CA Healthcare District GO   5.000%   8/1/29     1,055   1,277  
  Marin CA Healthcare District GO   4.000%   8/1/40     3,000   3,314  
  Marina Coast Water District California Enterprise Revenue   5.000%   6/1/37     4,085   4,901  
  Martinez CA Unified School District GO   4.000%   8/1/48     3,000   3,336  
4 Mesa CA Water District COP   4.000%   3/15/40     325   386  
4 Mesa CA Water District COP   5.000%   3/15/50     4,000   5,130  
  Metropolitan Water District of Southern California Revenue   5.000%   10/1/33     6,000   6,502  
  Metropolitan Water District of Southern California Revenue   5.000%   7/1/34     5,590   6,839  
  Metropolitan Water District of Southern California Revenue   5.000%   7/1/40     4,500   5,391  
  Milpitas CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/26     2,100   2,520  
  Milpitas CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/30     4,000   4,679  
  Modesto CA Irrigation District Financing Authority Electric Revenue   5.000%   10/1/40     6,000   7,040  
  Modesto CA Irrigation District Financing Authority Revenue (Woodland Project)   6.500%   10/1/22 (ETM)   3,360   3,613  
Moreno Valley CA Community Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000% 8/1/31   1,675 2,047
  Moreno Valley CA Unified School District Financing Authority Special Tax Revenue   5.000%   9/1/33     1,605   1,819

 

  218 

 

 

 

California Long-Term Tax-Exempt Fund

 

        Face   Market  
      Maturity   Amount   Value*  
    Coupon Date   ($000 ) ($000 )
  Morgan Hill CA Unified School District GO 4.000% 8/1/47   8,490   9,516  
  Mount San Antonio CA Community College District GO 5.000% 8/1/33   1,125   1,480  
  Mount San Antonio CA Community College District GO 5.000% 8/1/39   2,525   3,242  
  Mountain View-Whisman CA School District COP 4.000% 6/1/26 (Prere.) 675   815  
  Mountain View-Whisman CA School District COP 4.000% 6/1/26 (Prere.) 1,500   1,811  
1 Napa Valley CA Community College District GO, 4.000% coupon rate effective 2/1/2021 0.000% 8/1/33   2,500   2,750  
1 Napa Valley CA Community College District GO, 4.000% coupon rate effective 2/1/2021 0.000% 8/1/34   2,000   2,192  
  Napa Valley CA Unified School District GO 4.000% 8/1/34 (4) 1,630   1,878  
  New Haven CA Unified School District GO 5.000% 8/1/28 (15) 2,000   2,352  
  New Haven CA Unified School District GO 4.000% 8/1/36   500   581  
  New Haven CA Unified School District GO 4.000% 8/1/37   70   81  
  New Haven CA Unified School District GO 4.000% 8/1/39   420   484  
  New Haven CA Unified School District GO 3.000% 8/1/49   3,500   3,694  
  Newark CA Unified School District GO 5.000% 8/1/44   6,000   6,899  
  Newport Beach CA Revenue (Hoag Memorial Hospital Presbyterian) 6.000% 12/1/21 (Prere.) 3,525   3,828  
  Newport Mesa CA Unified School District GO 0.000% 8/1/35   4,000   2,933  
  Newport Mesa CA Unified School District GO 0.000% 8/1/36   1,000   710  
  Newport Mesa CA Unified School District GO 0.000% 8/1/37   2,000   1,374  
  Newport Mesa CA Unified School District GO 0.000% 8/1/38   1,000   665  
  Norco CA Financing Authority Enterprise Revenue 4.000% 10/1/49   1,300   1,469  
  North Orange County CA Community College District GO 3.000% 8/1/38   1,000   1,085  
  North Orange County CA Community College District GO 3.000% 8/1/39   1,000   1,082  
  North Orange County CA Community College District GO 3.000% 8/1/40   1,000   1,079  
  Northern California Energy Authority Commodity Supply Revenue PUT 4.000% 7/1/24   5,000   5,459  
  Northern California Power Agency Revenue (Hydroelectric Project) 7.500% 7/1/21 (Prere.) 1,120   1,185  
  Northern California Transmission Agency Revenue 5.000% 5/1/37   3,610   4,249  
  Northern California Transmission Agency Revenue 5.000% 5/1/38   1,865   2,190  
  Northstar Community Services District California Community Facilities District No. 1 Special Tax Revenue 5.000% 9/1/25   1,690   1,065  
  Northstar Community Services District California Community Facilities District No. 1 Special Tax Revenue 5.000% 9/1/26   1,985   1,251  
  Norwalk-La Mirada CA Unified School District GO 5.000% 8/1/44   4,320   5,230  
  Norwalk-La Mirada CA Unified School District GO 4.000% 8/1/47   5,105   5,722  
2 Nuveen AMT-Free Municipal Income Fund VRDP VRDO 0.210% 6/5/20 LOC 10,000   10,000  

 

  219 

 

 

California Long-Term Tax-Exempt Fund

 

        Face   Market  
      Maturity   Amount   Value•  
    Coupon Date   ($000 ) ($000 )
  Oakland CA GO 5.000% 1/15/29   1,640   2,013  
  Oakland CA Unified School District GO 6.625% 8/1/21 (Prere.) 1,000   1,074  
  Oakland CA Unified School District GO 5.000% 8/1/30 (15) 900   1,060  
  Oakland CA Unified School District GO 5.000% 8/1/31   755   905  
  Oakland CA Unified School District GO 4.000% 8/1/33 (4) 3,450   3,921  
  Oakland CA Unified School District GO 4.000% 8/1/34 (4) 2,545   2,881  
  Oakland CA Unified School District GO 4.000% 8/1/35 (4) 1,000   1,127  
  Oakland CA Unified School District GO 5.000% 8/1/35   2,850   3,309  
  Oakland CA Unified School District GO 5.000% 8/1/40   900   1,037  
  Oceanside CA Unified School District GO 0.000% 8/1/25 (ETM) 755   731  
  Oceanside CA Unified School District GO 0.000% 8/1/25 (12) 6,110   5,823  
  Orange County CA Water District COP 2.000% 8/15/23   5,000   5,254  
  Orange County CA Water District Revenue 4.000% 8/15/34   650   787  
  Palmdale CA School District GO 3.000% 8/1/49   3,000   3,148  
  Palo Alto CA Improvement Revenue (University Avenue Area Parking) 4.250% 9/2/22   200   216  
  Palo Alto CA Improvement Revenue (University Avenue Area Parking) 5.000% 9/2/26   1,000   1,092  
  Palomar CA Community College District GO 0.000% 8/1/24   5,125   5,004  
  Palomar CA Community College District GO 5.000% 8/1/34   1,000   1,246  
  Palomar Pomerado Health California COP 6.000% 11/1/20 (Prere.) 3,800   3,887  
  Palomar Pomerado Health California COP 4.000% 8/1/36   5,085   5,269  
  Palomar Pomerado Health California GO 4.000% 8/1/32   4,000   4,224  
  Palomar Pomerado Health California GO 0.000% 8/1/33 (12) 4,100   3,136  
  Palomar Pomerado Health California GO 4.000% 8/1/33   4,085   4,283  
  Palomar Pomerado Health California GO 5.000% 8/1/34   1,100   1,221  
  Palomar Pomerado Health California GO 4.000% 8/1/35   4,270   4,439  
  Palomar Pomerado Health California GO 0.000% 8/1/36   5,025   3,350  
  Palomar Pomerado Health California Revenue 5.000% 11/1/39   5,000   5,593  
  Palomar Pomerado Health California Revenue 5.000% 11/1/42   3,000   3,343  
  Palomar Pomerado Health California Revenue 5.000% 11/1/47 (4) 4,000   4,527  
  Paramount CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 0.000% 8/1/26 (14) 3,000   2,651  
  Pasadena CA Unified School District GO 5.000% 5/1/22 (Prere.) 4,000   4,369  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000% 8/1/21 (2) 2,920   2,903  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000% 8/1/22 (2) 4,125   4,072  
  Pittsburg CA Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000% 8/1/24 (2) 1,000   962  
  Pleasanton CA Unified School District GO 4.000% 8/1/42   7,300   8,303  
  Poway CA Unified School District GO 0.000% 8/1/33   5,010   3,882  
  Poway CA Unified School District GO 0.000% 8/1/33   990   767  
  Poway CA Unified School District GO 0.000% 8/1/34   8,130   6,130  
  Poway CA Unified School District GO 0.000% 8/1/46   10,000   4,631  
  Poway CA Unified School District GO 0.000% 8/1/51   10,000   3,921  
  Poway CA Unified School District Public              
  Financing Authority Community Facilities District No. 11 Zones 2 & 3 Special Tax Revenue 5.000% 9/15/38   1,200   1,282  

 

  220 

 

 

California Long-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity   Amount   Value•  
    Coupon Date   ($000 ) ($000 )
  Poway CA Unified School District Public Financing Authority Community Facilities District No. 11 Zones 2 & 3 Special Tax Revenue 5.000% 9/15/43   2,325   2,474  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/15/24   785   899  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/25   1,825   2,007  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/27   2,040   2,242  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/15/27   1,030   1,176  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/28   2,335   2,917  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/29   3,450   4,300  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/30   1,760   2,189  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/31   1,350   1,481  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/33   980   1,074  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/33 (15) 1,735   2,112  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 5.000% 9/1/36   600   657  
  Poway CA Unified School District Public Financing Authority Special Tax Revenue 4.000% 9/1/50 (4) 2,250   2,441  
  Rancho Cucamonga CA Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project) 5.000% 9/1/29 (4) 1,800   2,089  
  Redding CA Joint Powers Financing Authority Electric System Revenue 5.000% 6/1/29   1,000   1,225  
  Redding CA Joint Powers Financing Authority Electric System Revenue 5.000% 6/1/31   600   733  
  Redwood City CA Redevelopment Agency Redevelopment Project Area No. 2 Tax Allocation Revenue 0.000% 7/15/26 (2) 3,445   3,194  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project) 5.000% 11/1/23 (4) 600   685  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project) 5.000% 11/1/30 (4) 1,000   1,304  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project) 5.000% 11/1/32 (4) 1,000   1,274  
  Richmond CA Joint Powers Financing Authority Revenue (Civic Center Project) 5.000% 11/1/33 (4) 2,105   2,657  
  Richmond CA Wastewater Revenue 4.000% 8/1/36   1,275   1,514  
  Riverside CA Community College District GO 3.000% 8/1/34   580   637  
  Riverside CA Community College District GO 3.000% 8/1/37   1,100   1,186  
  Riverside CA Community College District GO 3.000% 8/1/40   3,750   3,970  
  Riverside CA Electric Revenue 5.000% 10/1/48   12,000   15,079  
  Riverside CA Electric Revenue VRDO 0.100% 6/5/20 LOC 185   185  
  Riverside CA Sewer Revenue 5.000% 8/1/33   3,660   4,703  

 

  221 

 

 

California Long-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity   Amount   Value•  
    Coupon Date   ($000 ) ($000 )
  Riverside CA Unified School District Financing Authority Revenue 5.000% 9/1/24   1,440   1,580  
  Riverside CA Unified School District Financing Authority Revenue 5.000% 9/1/28   1,795   1,954  
  Riverside CA Unified School District Financing Authority Revenue 5.000% 9/1/29   1,880   2,043  
  Riverside CA Unified School District Financing Authority Revenue 5.000% 9/1/32   1,375   1,486  
  Riverside CA Unified School District GO 4.000% 8/1/32   2,250   2,636  
  Riverside CA Unified School District GO 4.000% 8/1/33   1,350   1,574  
  Riverside CA Unified School District GO 3.000% 8/1/36   800   853  
  Riverside CA Unified School District GO 3.000% 8/1/37   1,800   1,913  
  Riverside County CA Infrastructure Financing Authority (Indio Law Building) 4.000% 11/1/44   10,090   11,338  
  Riverside County CA Public Financing Authority Lease Revenue 5.000% 11/1/33   5,000   6,050  
  Riverside County CA Public Financing Authority Lease Revenue 5.250% 11/1/40   5,000   6,019  
  Riverside County CA Public Financing Authority Lease Revenue 5.250% 11/1/45   8,000   9,566  
  Riverside County CA Public Financing Authority Tax Allocation Revenue 5.000% 10/1/32 (15) 820   1,011  
  Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue 4.000% 10/1/37 (4) 1,500   1,633  
1 Riverside County CA Redevelopment Successor Agency Tax Allocation Revenue, 5.000% coupon rate effective 10/1/2021 0.000% 10/1/41 (15) 2,000   2,161  
  Riverside County CA Transportation Commission Sales Tax Revenue 5.000% 6/1/38   3,500   4,273  
  Riverside County CA Transportation Commission Toll Revenue 0.000% 6/1/41   6,710   2,997  
  Riverside County CA Transportation Commission Toll Revenue 0.000% 6/1/42   2,975   1,268  
  Riverside County CA Transportation Commission Toll Revenue 0.000% 6/1/43   7,500   3,052  
  Riverside County CA Transportation Commission Toll Revenue 5.750% 6/1/48   2,000   2,137  
  Robla CA School District GO 5.000% 8/1/44 (4) 2,170   2,622  
  Roseville CA Financing Authority Electric System Revenue 4.000% 2/1/37   7,480   8,561  
  Roseville CA Natural Gas Financing Authority Gas Revenue 5.000% 2/15/22   1,635   1,735  
  Roseville CA Natural Gas Financing Authority Gas Revenue 5.000% 2/15/28   2,500   3,059  
  Roseville CA Special Tax Revenue 5.000% 9/1/37   1,250   1,379  
  Ross Valley CA Public Financing Authority Revenue 5.000% 1/1/39   500   593  
  Ross Valley CA Public Financing Authority Revenue 5.000% 1/1/43   1,190   1,405  
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment) 5.000% 10/1/39 (15) 1,900   2,220  

 

  222 

 

 

California Long-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity   Amount   Value•  
    Coupon Date   ($000 ) ($000 )
  Sacramento CA Area Flood Control Agency Special Assessment Revenue (Natomas Basin Local Assessment) 5.000% 10/1/44 (15) 2,000   2,323  
  Sacramento CA City Financing Authority Tax Allocation Revenue 0.000% 12/1/30 (14) 3,000   2,342  
  Sacramento CA Financing Authority Lease Revenue 5.400% 11/1/20 (2) 1,280   1,307  
  Sacramento CA Municipal Utility District Revenue 5.000% 8/15/28   2,000   2,284  
  Sacramento CA Municipal Utility District Revenue 5.000% 8/15/31   1,175   1,292  
  Sacramento CA Municipal Utility District Revenue 5.000% 8/15/32   1,195   1,313  
  Sacramento CA Municipal Utility District Revenue 5.000% 8/15/33   1,450   1,593  
  Sacramento CA Municipal Utility District Revenue PUT 5.000% 10/17/23   2,500   2,826  
  Sacramento CA Municipal Utility District Revenue PUT 5.000% 10/15/25   2,500   2,975  
  Sacramento CA Regional Transportation District Farebox Revenue 5.000% 3/1/36   1,370   1,375  
  Sacramento CA Regional Transportation District Farebox Revenue 5.000% 3/1/42   3,125   3,132  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex) 5.000% 6/1/36   2,245   2,575  
  Sacramento CA Transient Occupancy Tax Revenue (Convention Center Complex) 5.000% 6/1/48   10,000   11,207  
  Sacramento CA Transient Occupancy Tax Revenue (Sub-Convention Center Complex) 5.000% 6/1/48   5,000   5,585  
  Sacramento CA Transportation Authority Sales Tax Revenue VRDO 0.050% 6/5/20 LOC 975   975  
  Sacramento County CA Airport Revenue 5.000% 7/1/31   500   604  
  Sacramento County CA Airport Revenue 5.000% 7/1/33   1,660   1,973  
  Sacramento County CA Airport Revenue 5.000% 7/1/34   1,275   1,516  
  Sacramento County CA Airport Revenue 5.000% 7/1/34   2,000   2,371  
  Sacramento County CA Airport Revenue 5.000% 7/1/35   2,515   2,978  
  Sacramento County CA Airport Revenue 5.000% 7/1/35   2,000   2,360  
  Sacramento County CA Airport Revenue 5.000% 7/1/38   1,330   1,559  
  Sacramento County CA Airport Revenue 5.000% 7/1/41   7,810   8,823  
  Sacramento County CA Airport Revenue 5.000% 7/1/41   3,500   3,943  
  Sacramento County CA Sanitation Districts Financing Authority Revenue 5.000% 8/1/32   1,000   1,203  
  Sacramento County CA Sanitation Districts Financing Authority Revenue 5.000% 12/1/35   4,920   5,663  
  Sacramento County CA Sanitation Districts Financing Authority Revenue VRDO 0.080% 6/5/20 LOC 21,400   21,400  
  Salinas CA Union High School District GO 4.000% 8/1/45   4,000   4,588  
  San Bernardino CA City Unified School District COP 5.000% 10/1/31 (4) 1,000   1,295  
  San Bernardino CA City Unified School District COP 5.000% 10/1/32 (4) 1,365   1,749  
  San Bernardino CA City Unified School District COP 5.000% 10/1/34 (4) 2,360   2,995  

 

  223 

 

 

California Long-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity   Amount   Value•  
    Coupon Date   ($000 ) ($000 )
  San Bernardino CA City Unified School District GO 0.000% 8/1/35 (4) 5,900   4,281  
  San Bernardino CA City Unified School District GO 0.000% 8/1/36 (4) 5,000   3,519  
  San Bernardino CA City Unified School District GO 4.000% 8/1/42 (4) 4,545   5,111  
  San Bernardino CA Community College District GO 5.000% 8/1/25 (Prere.) 3,500   4,318  
  San Bernardino CA Community College District GO 3.000% 8/1/41   6,000   6,305  
  San Bernardino CA Community College District GO 0.000% 8/1/44   5,000   2,557  
  San Bernardino CA Community College District GO 0.000% 8/1/48   17,770   8,171  
  San Bernardino County CA Medical Center (Arrowhead Project) COP 5.000% 10/1/24   2,000   2,357  
  San Bernardino County CA Medical Center (Arrowhead Project) COP 5.000% 10/1/25   4,000   4,867  
  San Bernardino County CA Medical Center (Arrowhead Project) COP 5.000% 10/1/26   2,000   2,494  
  San Bernardino County CA Medical Center (Arrowhead Project) COP 5.000% 10/1/27   3,500   4,476  
  San Bernardino County CA Transportation Authority Revenue 5.000% 3/1/32   4,035   4,332  
  San Diego CA Association of Governments Capital Grant Receipts Revenue 5.000% 11/15/23   1,000   1,107  
  San Diego CA Association of Governments Capital Grant Receipts Revenue 5.000% 11/15/24   1,000   1,146  
  San Diego CA Association of Governments Capital Grant Receipts Revenue 5.000% 11/15/25   1,000   1,177  
  San Diego CA Association of Governments Capital Grant Receipts Revenue 5.000% 11/15/26   1,000   1,209  
  San Diego CA Association of Governments Capital Grant Receipts Revenue 1.800% 11/15/27   1,250   1,278  
  San Diego CA Association of Governments South Bay Expressway Toll Revenue 5.000% 7/1/42   4,130   4,769  
  San Diego CA Community College District GO 5.000% 8/1/21 (Prere.) 2,500   2,642  
  San Diego CA Community College District GO 4.000% 8/1/32   3,200   3,721  
  San Diego CA Community College District GO 4.000% 8/1/32   3,935   4,576  
  San Diego CA Community College District GO 0.000% 8/1/36   8,000   5,758  
  San Diego CA Community College District GO 0.000% 8/1/38   3,510   2,371  
2 San Diego CA Community College District GO TOB VRDO 0.240% 6/5/20 (Prere.) 3,000   3,000  
  San Diego CA Public Facilities Financing Authority Water Revenue 5.000% 8/1/36   5,050   6,196  
  San Diego CA Unified School District GO 0.000% 7/1/29   8,150   7,169  
  San Diego CA Unified School District GO 0.000% 7/1/30   1,500   1,283  
  San Diego CA Unified School District GO 0.000% 7/1/31   1,500   1,245  
  San Diego CA Unified School District GO 0.000% 7/1/32   1,110   892  
  San Diego CA Unified School District GO 4.000% 7/1/32   6,245   7,267  
  San Diego CA Unified School District GO 0.000% 7/1/34   3,550   2,408  
  San Diego CA Unified School District GO 4.000% 7/1/34   1,210   1,369  
  San Diego CA Unified School District GO 5.000% 7/1/35   5,005   5,661  
  San Diego CA Unified School District GO 0.000% 7/1/38   4,890   3,234  

 

  224 

 

 

California Long-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity   Amount   Value•  
    Coupon Date   ($000 ) ($000 )
  San Diego CA Unified School District GO 4.000% 7/1/45   8,050   8,928  
  San Diego CA Unified School District GO 0.000% 7/1/49   1,000   449  
  San Diego CA Unified School District GO 4.000% 7/1/49   10,250   11,925  
  San Diego County CA COP 5.000% 10/15/28   1,445   1,725  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/25   1,570   1,852  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/26   4,000   4,015  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/26   1,250   1,507  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/27   1,645   2,026  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/28   3,200   3,212  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/29   1,245   1,591  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/29   1,245   1,590  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/30   1,355   1,754  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/30   1,355   1,754  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/32   1,500   1,907  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/33   1,075   1,333  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/34   2,715   2,725  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/34   1,325   1,667  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/34   1,000   1,236  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/36   1,500   1,837  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/37   1,530   1,899  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/38   1,400   1,731  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/39   1,375   1,695  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/40   3,000   3,011  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/40   2,325   2,860  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/42   5,740   6,676  
  San Diego County CA Regional Airport Authority Revenue 5.000% 7/1/43   5,040   5,491  
  San Diego County CA Regional Transportation Commission Sales Tax Revenue 5.000% 4/1/22 (Prere.) 1,500   1,628  
  San Diego County CA Regional Transportation Commission Sales Tax Revenue 5.000% 4/1/35   1,540   1,872  
  San Diego County CA Regional Transportation Commission Sales Tax Revenue 5.000% 4/1/44   2,870   3,674  

 

  225 

 

 

California Long-Term Tax-Exempt Fund

 

          Face   Market  
      Maturity   Amount   Value•  
    Coupon Date   ($000 ) ($000 )
  San Diego County CA Water Authority Revenue 5.000% 5/1/30   5,240   6,502  
  San Diego County CA Water Authority Revenue 5.000% 5/1/36   8,520   10,337  
  San Francisco CA Bay Area Rapid Transit District GO 5.000% 8/1/31   7,000   8,555  
  San Francisco CA Bay Area Rapid Transit District GO 3.000% 8/1/49   12,600   13,216  
  San Francisco CA Bay Area Rapid Transit District Sales Tax Revenue 4.000% 7/1/35   2,900   3,360  
  San Francisco CA City & County COP 3.000% 4/1/30   2,500   2,756  
  San Francisco CA City & County COP 3.000% 4/1/31   2,500   2,740  
  San Francisco CA City & County COP 4.000% 4/1/33   5,040   5,573  
  San Francisco CA City & County COP 4.000% 9/1/33   5,855   6,327  
  San Francisco CA City & County COP 4.000% 4/1/45   11,755   13,135  
  San Francisco CA City & County GO 4.000% 6/15/34   8,485   9,441  
  San Francisco CA City & County GO 4.000% 6/15/35   8,825   9,796  
  San Francisco CA City & County International Airport Revenue 5.000% 5/3/21 (Prere.) 1,485   1,549  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/30   1,030   1,235  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/32   1,000   1,188  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/33   3,145   3,949  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/43   5,500   6,035  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/44   6,000   6,756  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/46   16,260   18,754  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/47   235   275  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/48   4,700   5,579  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/49   9,770   11,791  
  San Francisco CA City & County International Airport Revenue 5.000% 5/1/50   17,130   20,648  
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 11/1/33   1,500   1,769  
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/34   2,675   3,241  
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/34   3,030   3,830  
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/35   2,815   3,402  
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/36   2,960   3,572  
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/36   7,000   8,767  
  San Francisco CA City & County Public Utilities Commission Wastewater Revenue 5.000% 10/1/37   2,080   2,597  

 

  226 

 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   11/1/21 (Prere.)   1,100   1,175  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   11/1/21 (Prere.)   1,205   1,287  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   5/1/22 (Prere.)   5,000   5,461  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   5/1/22 (Prere.)   4,000   4,369  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   5/1/22 (Prere.)   950   1,035  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   5/1/22 (Prere.)   1,860   2,032  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   10/1/29     8,000   8,838  
  San Francisco CA City & County Public Utilities Commission Water Revenue   4.000%   11/1/30     2,040   2,464  
  San Francisco CA City & County Public Utilities Commission Water Revenue   4.000%   11/1/31     2,430   2,898  
  San Francisco CA City & County Public Utilities Commission Water Revenue   4.000%   11/1/31     1,015   1,210  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   10/1/32     1,125   1,240  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   11/1/32     4,000   4,799  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   11/1/32     1,305   1,566  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   11/1/33     1,370   1,642  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   11/1/35     5,000   6,141  
  San Francisco CA City & County Public Utilities Commission Water Revenue   5.000%   11/1/36     4,010   4,783  
  San Francisco CA City & County Public Utilities Commission Water Revenue   4.000%   11/1/39     8,000   9,048  
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bay North)   6.750%   2/1/21 (Prere.)   1,000   1,043  
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project)   5.000%   8/1/28     985   1,182  
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project)   5.000%   8/1/30     1,200   1,419  
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project)   5.000%   8/1/37     850   979  
  San Francisco CA City & County Redevelopment Financing Authority Tax Allocation Revenue (Mission Bays Redevelopment Project)   5.000%   8/1/43     3,500   3,823  
  San Jacinto CA Unified School District COP   5.000%   9/1/27 (4)   1,140   1,450  

 

  227 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  San Jacinto CA Unified School District COP   5.000%   9/1/40 (4)   1,075   1,355  
  San Joaquin County CA Transportation Authority Revenue   5.000%   3/1/37     7,000   8,490  
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue   0.000%   1/15/24 (14)   6,000   5,398  
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue   0.000%   1/15/25 (14)   6,375   5,561  
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue   5.000%   1/15/34     8,025   8,730  
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue   5.000%   1/15/44     11,710   12,530  
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue   5.250%   1/15/44     2,270   2,418  
  San Joaquin Hills CA Transportation Corridor Agency Toll Road Revenue   5.250%   1/15/49     8,000   8,497  
  San Jose CA Airport Revenue   5.000%   3/1/42     2,190   2,585  
  San Jose CA Redevelopment Agency Tax Allocation Revenue   5.500%   8/1/20 (Prere.)   850   857  
  San Jose CA Redevelopment Agency Tax Allocation Revenue   5.500%   8/1/20 (Prere.)   2,750   2,774  
  San Jose CA Redevelopment Agency Tax Allocation Revenue   5.000%   8/1/35     4,100   5,013  
  San Jose CA Special Hotel Tax Revenue (Convention Center Expansion & Renovation Project)   6.500%   5/1/42     5,000   5,065  
  San Jose CA Unified School District Santa Clara County GO   5.000%   8/1/32     10,000   12,187  
  San Juan CA Unified School District GO   0.000%   8/1/20 (4)   4,930   4,928  
  San Juan CA Unified School District GO   0.000%   8/1/23 (4)   4,540   4,476  
4 San Leandro CA Unified School District GO   4.000%   8/1/35 (15)   450   524  
4 San Leandro CA Unified School District GO   4.000%   8/1/37 (15)   850   983  
4 San Leandro CA Unified School District GO   3.000%   8/1/43 (15)   500   509  
4 San Leandro CA Unified School District GO   4.000%   8/1/43 (15)   650   739  
  San Luis Obispo County CA Community College District GO   5.000%   8/1/32     1,395   1,684  
  San Marcos CA Schools Financing Authority Lease Revenue   5.000%   8/15/29 (4)   760   937  
  San Marcos CA Schools Financing Authority Lease Revenue   5.000%   8/15/34 (4)   1,155   1,387  
  San Marcos CA Unified School District GO   5.000%   8/1/21 (Prere.)   2,835   2,994  
  San Marcos CA Unified School District GO   0.000%   8/1/32     2,600   2,084  
  San Marcos CA Unified School District GO   4.000%   8/1/33     3,500   4,111  
  San Marcos CA Unified School District GO   5.000%   8/1/35     5,000   6,190  
  San Marcos CA Unified School District GO   5.000%   8/1/36     2,000   2,467  
1 San Mateo CA Union High School District GO, 6.875% coupon rate effective 9/1/2034   0.000%   9/1/46     3,280   2,998  
  San Mateo County CA Community College District GO   5.000%   9/1/39     1,000   1,286  
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Capital Project Program)   5.000%   7/1/21 (14)   1,795   1,846  
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Capital Project Program)   4.000%   7/15/52     8,955   9,980  

 

 

  228 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Youth Services Campus)   5.000%   7/15/31     2,290   2,811  
  San Mateo County CA Joint Powers Financing Authority Lease Revenue (Youth Services Campus)   4.000%   7/15/35     2,125   2,397  
  San Mateo County CA Mid-Peninsula Water District COP   4.000%   12/1/46     2,000   2,237  
  San Mateo Foster City CA Public Financing Authority Street & Flood Control Revenue   4.000%   5/1/45     3,010   3,391  
  San Mateo Foster City CA Public Financing Authority Wastewater Revenue   5.000%   8/1/49     6,000   7,597  
  San Mateo-Foster City CA School District GO   4.000%   8/1/25 (Prere.)   5,000   5,942  
  San Pablo CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   6/15/29 (4)   1,780   2,042  
  San Rafael CA Elementary School District GO   4.500%   8/1/42     2,645   3,155  
  San Rafael CA Elementary School District GO   5.000%   8/1/43     2,550   3,093  
  San Rafael CA Elementary School District GO   4.000%   8/1/47     1,350   1,526  
  San Rafael CA High School District GO   3.000%   8/1/47     2,225   2,368  
  San Ramon CA Public Financing Authority Tax Allocation Revenue   0.000%   2/1/33 (2)   2,000   1,499  
  San Ramon Valley CA Unified School District GO   4.000%   8/1/34     3,445   3,924  
  San Ysidro CA School District COP   5.000%   9/1/47 (15)   2,045   2,183  
  Santa Ana CA College Improvement District No. 1 Rancho Santiago Community College GO   4.000%   8/1/41     2,000   2,279  
  Santa Ana CA Unified School District GO   0.000%   8/1/32 (14)   3,680   2,859  
  Santa Barbara CA Secondary/High School District GO   0.000%   8/1/40     2,050   1,202  
  Santa Barbara CA Unified School District GO   4.000%   8/1/31     985   1,170  
  Santa Clara CA Electric Revenue   6.000%   7/1/21 (Prere.)   3,000   3,184  
  Santa Clara CA Financing Authority Revenue   4.000%   5/15/33     2,500   2,808  
  Santa Clara CA Financing Authority Revenue   3.000%   5/1/38     2,765   2,904  
  Santa Clara CA Financing Authority Revenue   3.125%   5/1/47     4,165   4,299  
  Santa Clara CA Unified School District GO   5.000%   7/1/20 (Prere.)   4,000   4,016  
  Santa Clara CA Unified School District GO   3.000%   7/1/31     1,395   1,537  
  Santa Clara CA Unified School District GO   3.000%   7/1/31     4,460   4,914  
  Santa Clara CA Unified School District GO   3.000%   7/1/32     1,490   1,625  
  Santa Clara CA Unified School District GO   3.000%   7/1/34     1,705   1,831  
  Santa Clara CA Unified School District GO   3.000%   7/1/37     2,955   3,126  
  Santa Clara CA Unified School District GO   3.000%   7/1/38     3,225   3,394  
  Santa Clara CA Unified School District GO   4.000%   7/1/41     5,000   5,620  
  Santa Clarita CA Community College District GO   3.000%   8/1/36     750   804  
  Santa Clarita CA Community College District GO   3.000%   8/1/41     950   997  
  Santa Clarita CA Community College District GO   4.000%   8/1/41     6,850   7,676  
  Santa Clarita CA Community College District GO   3.000%   8/1/49     5,255   5,447  
  Santa Monica CA Community College District GO   4.000%   8/1/31     3,000   3,347  

 

  229 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Santa Monica CA Community College District GO   4.000%   8/1/35     1,050   1,239  
  Santa Monica CA Community College District GO   4.000%   8/1/36     1,250   1,467  
  Santa Monica-Malibu CA Unified School District GO   4.000%   7/1/38     400   463  
  Santa Rosa CA High School District GO   5.000%   8/1/36 (4)   550   672  
  Santa Rosa CA High School District GO   5.000%   8/1/37 (4)   470   573  
  Santa Rosa CA High School District GO   5.000%   8/1/39 (4)   1,125   1,365  
  Santa Rosa CA Wastewater Revenue   5.000%   9/1/28     4,845   5,335  
  Sierra CA Joint Community College District School Facilities District No. 4 GO   4.000%   8/1/53     3,350   3,812  
  Silicon Valley CA Clean Water Wastewater Revenue   5.000%   2/1/39     3,095   3,533  
  Simi Valley CA Unified School District GO   0.000%   8/1/32 (4)   1,720   1,384  
  Simi Valley CA Unified School District GO   4.000%   8/1/35     1,245   1,447  
  Simi Valley CA Unified School District GO   5.000%   8/1/44     1,000   1,211  
  Solana Beach CA School District Special Tax Revenue   5.000%   9/1/32     995   1,067  
  Solana Beach CA School District Special Tax Revenue   5.000%   9/1/35     2,495   2,672  
  Solano County CA Community College District GO   5.000%   8/1/37     1,050   1,294  
  South Bayside CA Waste Management Authority Solid Waste Enterprise Revenue (Shoreway Environment Center)   5.000%   9/1/42 (4)   1,300   1,635  
  South San Francisco CA Public Financing Authority Lease Revenue   4.000%   6/1/43     1,500   1,741  
  South San Francisco CA Public Financing Authority Lease Revenue   4.000%   6/1/46     1,500   1,731  
  Southern California Public Power Authority Revenue (Magnolia Power Project)   5.000%   7/1/34     1,000   1,328  
  Southern California Public Power Authority Revenue (Magnolia Power Project)   5.000%   7/1/35     1,145   1,511  
  Southern California Public Power Authority Revenue (Magnolia Power Project)   5.000%   7/1/36     1,000   1,317  
  Southern California Public Power Authority Revenue (Natural Gas Project)   5.000%   11/1/28     3,600   4,415  
  Southern California Public Power Authority Revenue (Natural Gas Project)   5.000%   11/1/33     3,530   4,462  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   4.000%   7/1/38     1,320   1,559  
  Southern California Public Power Authority Revenue (Tieton Hydropower Project)   4.000%   7/1/40     625   734  
  Southern California Public Power Authority Revenue (Transmission Project)   5.750%   7/1/21 (14)   220   221  
  Southern California Water Replenishment District Financing Authority Revenue   5.000%   8/1/41     8,110   9,706  
  Southwestern California Community College District GO   4.000%   8/1/34     375   438  
  Southwestern California Community College District GO   5.000%   8/1/44     7,045   8,349  
  Southwestern California Community College District GO   4.000%   8/1/47     7,940   8,973  

 

  230 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  State Center California Community College District GO   4.000%   8/1/42     2,315   2,636  
  Stockton CA Public Financing Authority Wastewater Revenue   5.000%   9/1/29 (15)   1,000   1,150  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/31 (15)   1,550   1,959  
  Stockton CA Public Financing Authority Water Revenue   5.000%   10/1/36 (15)   2,000   2,463  
  Stockton CA Public Financing Authority Water Revenue   4.000%   10/1/37 (15)   1,015   1,154  
  Stockton CA Public Financing Authority Water Revenue (Delta Water Supply Project)   6.250%   10/1/23 (Prere.)   2,160   2,585  
  Stockton CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/37 (4)   4,220   4,934  
  Stockton CA Unified School District GO   5.000%   8/1/38 (4)   3,500   3,995  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/31 (15)   1,225   1,415  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/32 (15)   1,250   1,438  
  Suisun City CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   10/1/33 (15)   1,280   1,468  
  Sweetwater CA Unified High School District GO   5.000%   8/1/33     165   192  
  Sweetwater CA Unified High School District GO   5.000%   8/1/34     900   1,043  
  Sweetwater CA Unified School District GO   5.000%   8/1/29 (15)   4,200   4,810  
  Tahoe-Truckee CA Unified School District GO   5.000%   8/1/39     2,645   3,226  
  Temecula CA Development Agency Successor Agency Tax Allocation Revenue   5.000%   12/15/38 (4)   3,115   3,803  
  Temecula Valley CA Unified School District GO   4.500%   8/1/35 (15)   3,120   3,442  
  Temecula Valley CA Unified School District GO   4.625%   8/1/37 (15)   3,785   4,175  
  Torrance CA Hospital Revenue (Torrance Memorial Medical Center)   5.000%   9/1/40     3,000   3,016  
  Tulare CA Joint Unified School District GO   0.000%   8/1/27 (14)   515   465  
  Tulare CA Joint Unified School District GO   0.000%   8/1/28 (14)   1,250   1,106  
  Tulare CA Local Health Care District GO   4.000%   8/1/31 (15)   1,250   1,518  
  Tulare CA Local Health Care District GO   4.000%   8/1/35 (15)   1,825   2,143  
  Tulare CA Local Health Care District GO   4.000%   8/1/39 (15)   3,275   3,755  
  Tulare County CA Transportation Authority Sales Tax Revenue   4.000%   2/1/34     1,540   1,688  
  Turlock CA Irrigation District Revenue   5.000%   1/1/31     2,000   2,049  
  Tustin CA Community Facilities District Special Tax Revenue   5.000%   9/1/37     1,000   1,156  
  Tustin CA Unified School District Special Tax Revenue   5.000%   9/1/31     3,000   3,447  
  Ukiah CA Unified School District GO   0.000%   8/1/32 (10)   6,445   5,141  
  Union CA Elementary School District GO   0.000%   9/1/20 (14)   2,300   2,298  
  Union CA Elementary School District GO   0.000%   9/1/21 (14)   2,000   1,991  
  Union CA Sanitary District Finance Authority Revenue   4.000%   9/1/36     360   435  
  Union CA Sanitary District Finance Authority Revenue   4.000%   9/1/38     500   599  

 

  231 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
  Union CA Sanitary District Finance Authority Revenue   4.000%   9/1/40     500   588  
  Union CA Sanitary District Finance Authority Revenue   3.000%   9/1/45     1,375   1,452  
  Union CA Sanitary District Finance Authority Revenue   3.000%   9/1/50     1,500   1,575  
  University of California Regents CP   0.230%   7/22/20     12,500   12,501  
5 University of California Regents Medical Center Pooled Revenue   0.020%   6/1/20     2,300   2,300  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/35     1,760   2,071  
  University of California Regents Medical Center Pooled Revenue   5.000%   5/15/41     10,000   11,639  
  University of California Regents Medical Center Pooled Revenue   4.000%   5/15/44     5,525   6,009  
  University of California Revenue   5.000%   5/15/21 (Prere.)   2,230   2,331  
  University of California Revenue   5.000%   5/15/21 (Prere.)   1,560   1,631  
  University of California Revenue   5.000%   5/15/23 (Prere.)   1,550   1,763  
  University of California Revenue   5.000%   5/15/23 (Prere.)   2,325   2,645  
  University of California Revenue   5.000%   5/15/30     1,000   1,125  
  University of California Revenue   5.000%   5/15/31     2,130   2,619  
  University of California Revenue   5.000%   5/15/32     7,925   9,505  
  University of California Revenue   5.000%   5/15/33     2,675   2,991  
  University of California Revenue   4.000%   5/15/34     5,000   5,594  
  University of California Revenue   4.000%   5/15/34     7,000   8,161  
  University of California Revenue   4.000%   5/15/34     7,000   7,720  
  University of California Revenue   5.000%   5/15/34     4,820   6,146  
  University of California Revenue   4.000%   5/15/35     5,000   5,807  
  University of California Revenue   5.000%   5/15/35     2,080   2,166  
  University of California Revenue   5.000%   5/15/35     7,475   9,491  
  University of California Revenue   5.000%   5/15/37     3,535   4,354  
  University of California Revenue   5.250%   5/15/37     3,500   4,070  
  University of California Revenue   5.000%   5/15/38     10,000   11,148  
  University of California Revenue   5.000%   5/15/40     50   50  
  University of California Revenue   5.000%   5/15/40     5,000   5,901  
  University of California Revenue   5.000%   5/15/41     10,370   12,362  
  University of California Revenue   5.000%   5/15/43     3,525   4,370  
  University of California Revenue   4.000%   5/15/46     13,280   14,765  
  University of California Revenue   5.000%   5/15/47     15,000   18,041  
  University of California Revenue   5.000%   5/15/47     1,000   1,206  
  University of California Revenue   5.000%   5/15/48     11,500   14,166  
  University of California Revenue   5.000%   5/15/52     8,000   9,571  
  University of California Revenue PUT   5.000%   5/15/23     6,500   7,378  
2 University of California Revenue TOB VRDO   0.140%   6/5/20     10,135   10,135  
  Upland CA COP (San Antonio Regional Hospital)   4.000%   1/1/42     5,000   5,039  
  Upland CA COP (San Antonio Regional Hospital)   5.000%   1/1/47     5,000   5,428  
  Vacaville CA Unified School District GO   4.000%   8/1/38     500   583  
  Val Verde CA Unified School District COP   5.000%   3/1/32 (4)   750   950  
  Val Verde CA Unified School District COP   5.000%   3/1/33 (4)   1,000   1,259  
  Val Verde CA Unified School District COP   5.000%   3/1/35 (4)   2,445   3,054  
  Vallecitos CA Water District Water & Wastewater Enterprise Revenue   5.000%   7/1/33     1,110   1,345  

 

  232 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 ) ($000 )
  Vallecitos CA Water District Water & Wastewater Enterprise Revenue   5.000%   7/1/35     750   905  
  Vernon CA Electric System Revenue   5.000%   8/1/32     865   1,042  
  Vernon CA Electric System Revenue   5.000%   8/1/36     750   886  
  Vista CA Redevelopment Agency Successor Agency Tax Allocation Revenue   5.000%   9/1/28 (4)   1,970   2,350  
  Vista CA Unified School District GO   0.000%   8/1/28 (14)   7,425   6,746  
  Walnut CA Energy Center Authority Revenue   5.000%   1/1/34     3,100   3,647  
  Walnut Valley CA Unified School District GO   0.000%   8/1/36     1,000   647  
  Washington Township CA Health Care District GO   5.500%   8/1/40     5,000   5,590  
  Washington Township CA Health Care District Revenue   5.000%   7/1/22     875   944  
  Washington Township CA Health Care District Revenue   5.000%   7/1/31     500   609  
  Washington Township CA Health Care District Revenue   5.000%   7/1/33     1,080   1,247  
  Washington Township CA Health Care District Revenue   4.000%   7/1/35     2,170   2,342  
  Washington Township CA Health Care District Revenue   5.000%   7/1/36     500   587  
  Washington Township CA Health Care District Revenue   4.000%   7/1/48     750   776  
  West Contra Costa CA Unified School District GO   0.000%   8/1/32 (14)   7,650   5,993  
  West Contra Costa CA Unified School District GO   5.000%   8/1/40     3,050   3,586  
  West Sacramento CA Area Flood Control Agency Special Assessment Revenue   5.000%   9/1/40 (4)   2,050   2,458  
  West Sacramento CA Area Flood Control Agency Special Assessment Revenue   5.000%   9/1/45 (4)   2,715   3,235  
4 West Sonoma County CA Union High School District GO   5.000%   8/1/43     780   956  
4 West Sonoma County CA Union High School District GO   5.000%   8/1/46     1,000   1,220  
4  West Sonoma County CA Union High School District GO   5.000%   8/1/49     2,000   2,433  
  West Valley-Mission CA Community College District GO   4.000%   8/1/33     1,400   1,710  
  Western Placer CA Unified School District COP   4.000%   8/1/41 (4)   2,150   2,387  
  Western Placer CA Unified School District GO   5.000%   8/1/42 (15)   6,350   7,645  
  Westminster CA Redevelopment Agency (Westminster Redevelopment Project No. 1)   5.000%   11/1/28 (15)   720   888  
  Westminster CA Redevelopment Agency (Westminster Redevelopment Project No. 1)   5.000%   11/1/29 (15)   1,000   1,224  
  Whittier CA Health Facilities Revenue (Presbyterian Intercommunity Hospital Obligated Group)   5.000%   6/1/44     4,500   4,898  
  Yucaipa Valley CA Water District Water System Revenue   5.000%   9/1/27     1,000   1,211  
                    4,958,335  

 

  233 

 

 

California Long-Term Tax-Exempt Fund

 

 

                Face   Market  
          Maturity     Amount   Value•  
      Coupon   Date     ($000 )  ($000 ) 
Puerto Rico (0.3%)                    
  Puerto Rico Aqueduct & Sewer Authority Revenue   5.000%   7/1/33     360   357  
  Puerto Rico Aqueduct & Sewer Authority Revenue   5.250%   7/1/42     1,280   1,264  
  Puerto Rico Sales Tax Financing Corp. Revenue   0.000%   7/1/24     1,005   884  
  Puerto Rico Sales Tax Financing Corp. Revenue   0.000%   7/1/27     2,332   1,839  
  Puerto Rico Sales Tax Financing Corp. Revenue   0.000%   7/1/29     2,444   1,768  
  Puerto Rico Sales Tax Financing Corp. Revenue   0.000%   7/1/31     1,000   657  
  Puerto Rico Sales Tax Financing Corp. Revenue   4.329%   7/1/40     10,033   9,632  
  Puerto Rico Sales Tax Financing Corp. Revenue   4.329%   7/1/40     1,398   1,342  
                    17,743  
Guam (0.1%)                    
  Guam Government Limited Obligation Revenue   5.000%   12/1/31     1,000   1,063  
  Guam Power Authority Revenue   5.000%   10/1/24     1,000   1,094  
  Guam Power Authority Revenue   5.000%   10/1/36     650   698  
4 Guam Waterworks Authority Water & Wastewater System Revenue   5.000%   1/1/50     750   829  
                    3,684  
Total Tax-Exempt Municipal Bonds (Cost $4,647,683)             4,979,762  
Other Assets and Liabilities—Net (0.5%)                 23,290  
Net Assets (100%)                 5,003,052  

 

Cost is in $000.

•See Note A in Notes to Financial Statements.

1Step bond.
2Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2020, the aggregate value of these securities was $134,633,000, representing 2.7% of net assets.

3The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock.

4Security purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2020.

5Adjustable-rate security; rate shown is effective rate at period end. Certain adjustable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions.

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  234 

 

 

 

California Long-Term Tax-Exempt Fund

 

 

Key to Abbreviations

 

ARS—Auction Rate Security. 

BAN—Bond Anticipation Note.

CMT—Constant Maturing Treasury Rate.

COP—Certificate of Participation.

CP—Commercial Paper. 

FR—Floating Rate.

GAN—Grant Anticipation Note.

GO—General Obligation Bond.

LIBOR—London Interbank Offered Rate.

PILOT—Payments in Lieu of Taxes.

PUT—Put Option Obligation.

RAN—Revenue Anticipation Note. 

SIFMA—Securities Industry and Financial Markets Association.

SOFR—Secured Overnight Financing Rate.

TAN—Tax Anticipation Note.

TOB—Tender Option Bond.

TRAN—Tax Revenue Anticipation Note. 

VRDO—Variable Rate Demand Obligation. 

VRDP—Variable Rate Demand Preferred.

(ETM)—Escrowed to Maturity.

(Prere.)—Prerefunded. 

 

Scheduled principal and interest payments are guaranteed by: 

(1)MBIA (Municipal Bond Investors Assurance).

(2)AMBAC (Ambac Assurance Corporation).

(3)FGIC (Financial Guaranty Insurance Company).

(4)AGM (Assured Guaranty Municipal Corporation).

(5)BIGI (Bond Investors Guaranty Insurance).

(6)Connie Lee Inc.

(7)FHA (Federal Housing Authority).

(8)CapMAC (Capital Markets Assurance Corporation).

(9)American Capital Access Financial Guaranty Corporation.

(10)XL Capital Assurance Inc.

(11)CIFG (CDC IXIS Financial Guaranty).

(12)AGC (Assured Guaranty Corporation).

(13)BHAC (Berkshire Hathaway Assurance Corporation).

(14)NPFG (National Public Finance Guarantee Corporation).

(15)BAM (Build America Mutual Assurance Company).

(16)MAC (Municipal Assurance Corporation).

(17)RAA (Radian Asset Assurance Inc.).

(18)SBLF (Michigan School Bond Loan Fund).

(19)TPSF (Texas Permanent School Fund).

(20)NATL (National Public Financial Guarantee Corporation).

The insurance does not guarantee the market value of the municipal bonds.

 

LOC—Scheduled principal and interest payments are guaranteed by bank letter of credit.

 

  235 

 

 

California Long-Term Tax-Exempt Fund 

 

 

Statement of Assets and Liabilities 

As of May 31, 2020

 

($000s, except shares and per-share amounts)  Amount 
Assets    
Investments in Securities, at Value—Unaffiliated Issuers (Cost $4,647,683)   4,979,762 
Investment in Vanguard   227 
Cash   15,569 
Receivables for Investment Securities Sold   5,778 
Receivables for Accrued Income   44,453 
Receivables for Capital Shares Issued   3,862 
Other Assets   176 
Total Assets   5,049,827 
Liabilities     
Payables for Investment Securities Purchased   41,349 
Payables for Capital Shares Redeemed   1,540 
Payables for Distributions   3,642 
Payables to Vanguard   244 
Total Liabilities   46,775 
Net Assets   5,003,052 

 

 

At May 31, 2020, net assets consisted of:  

 

Paid-in Capital   4,664,878 
Total Distributable Earnings (Loss)   338,174 
Net Assets   5,003,052 
      
Investor Shares—Net Assets     
Applicable to 49,015,848 outstanding $.001 par value shares of beneficial interest (unlimited authorization)   617,169 
Net Asset Value Per Share—Investor Shares  $12.59 
      
Admiral Shares—Net Assets     
Applicable to 348,329,226 outstanding $.001 par value shares of beneficial interest (unlimited authorization)   4,385,883 
Net Asset Value Per Share—Admiral Shares  $12.59 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  236 

 

 

California Long-Term Tax-Exempt Fund

 

 

Statement of Operations

 

  Six Months Ended
  May 31, 2020
  ($000)
Investment Income  
Income  
Interest 73,631
Total Income 73,631
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 285
Management and Administrative—Investor Shares 458
Management and Administrative—Admiral Shares 1,588
Marketing and Distribution—Investor Shares 48
Marketing and Distribution—Admiral Shares 133
Custodian Fees 13
Shareholders’ Reports—Investor Shares 6
Shareholders’ Reports—Admiral Shares 9
Trustees’ Fees and Expenses 2
Total Expenses 2,542
Net Investment Income 71,089
Realized Net Gain (Loss)  
Investment Securities Sold 13,351
Futures Contracts (2,916)
Realized Net Gain (Loss) 10,435
Change in Unrealized Appreciation (Depreciation)  
Investment Securities (4,237)
Futures Contracts (16)
Change in Unrealized Appreciation (Depreciation) (4,253)
Net Increase (Decrease) in Net Assets Resulting from Operations 77,271

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  237 

 

 

California Long-Term Tax-Exempt Fund 

 

 

Statement of Changes in Net Assets

 

 

  Six Months Ended Year Ended
  May 31, November 30,
  2020 2019
  ($000) ($000)
Increase (Decrease) in Net Assets    
Operations    
Net Investment Income 71,089 139,077
Realized Net Gain (Loss) 10,435 9,442
Change in Unrealized Appreciation (Depreciation) (4,253) 253,582
Net Increase (Decrease) in Net Assets Resulting from Operations 77,271 402,101
Distributions1    
Investor Shares (8,856) (16,620)
Admiral Shares (62,245) (122,361)
Total Distributions (71,101) (138,981)
Capital Share Transactions    
Investor Shares (20,342) 128,665
Admiral Shares 7,141 632,697
Net Increase (Decrease) from Capital Share Transactions (13,201) 761,362
Total Increase (Decrease) (7,031) 1,024,482
Net Assets    
Beginning of Period 5,010,083 3,985,601
End of Period 5,003,052 5,010,083

1 Certain prior period numbers have been reclassified to conform with current period presentation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  238 

 

 

California Long-Term Tax-Exempt Fund 

 

 

Financial Highlights

 

 

Investor Shares

 

  Six Months          
  Ended          
For a Share Outstanding May 31,     Year Ended November 30,
Throughout Each Period 2020 2019 2018 2017 2016 2015
Net Asset Value, Beginning of Period $12.53 $11.79 $12.10 $11.66 $12.12 $12.07
Investment Operations            
Net Investment Income .1711 .3711 .3941 .3961 .410 .428
Net Realized and Unrealized Gain (Loss) on Investments .060 .741 (.309) .438 (.460) .050
Total from Investment Operations .231 1.112 .085 .834 (.050) .478
Distributions            
Dividends from Net Investment Income (.171) (.372) (.395) (.394) (.410) (.428)
Distributions from Realized Capital Gains — — — — — —
Total Distributions (.171) (.372) (.395) (.394) (.410) (.428)
Net Asset Value, End of Period $12.59 $12.53 $11.79 $12.10 $11.66 $12.12
             
Total Return2 1.86% 9.54% 0.71% 7.22% -0.55% 4.03%
             
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $617 $640 $479 $486 $455 $425
Ratio of Total Expenses to Average Net Assets 0.17% 0.17% 0.17% 0.19% 0.19% 0.20%
Ratio of Net Investment Income to Average Net Assets 2.73% 3.02% 3.31% 3.29% 3.31% 3.55%
Portfolio Turnover Rate 9% 11% 15% 16% 18% 17%

The expense ratio and net investment income ratio for the current period have been annualized.

1Calculated based on average share outstanding.
2Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.

  

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  239 

 

 

California Long-Term Tax-Exempt Fund

 

 

Financial Highlights

 

 

Admiral Shares

 

  Six Months          
  Ended          
For a Share Outstanding May 31,     Year Ended November 30,
Throughout Each Period 2020 2019 2018 2017 2016 2015
Net Asset Value, Beginning of Period $12.53 $11.79 $12.10 $11.66 $12.12 $12.07
Investment Operations            
Net Investment Income .1761 .3811 .4041 .4081 .423 .438
Net Realized and Unrealized Gain (Loss) on Investments .060 .741 (.310) .438 (.460) .050
Total from Investment Operations .236 1.122 .094 .846 (.037) .488
Distributions            
Dividends from Net Investment Income (.176) (.382) (.404) (.406) (.423) (.438)
Distributions from Realized Capital Gains — — — — — —
Total Distributions (.176) (.382) (.404) (.406) (.423) (.438)
Net Asset Value, End of Period $12.59 $12.53 $11.79 $12.10 $11.66 $12.12
             
Total Return2 1.90% 9.63% 0.80% 7.33% -0.45% 4.12%
             
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $4,386 $4,371 $3,506 $3,419 $3,062 $2,909
Ratio of Total Expenses to Average Net Assets 0.09% 0.09% 0.09% 0.09% 0.09% 0.12%
Ratio of Net Investment Income to Average Net Assets 2.81% 3.10% 3.39% 3.39% 3.41% 3.63%
Portfolio Turnover Rate 9% 11% 15% 16% 18% 17%

The expense ratio and net investment income ratio for the current period have been annualized.

1Calculated based on average share outstanding.
2Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying Notes, which are an integral part of the Financial Statements.

 

  240 

 

 

California Long-Term Tax-Exempt Fund

 

 

Notes to Financial Statements

 

 

Vanguard California Long-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers two classes of shares: Investor Shares and Admiral Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors.

 

The fund invests in debt instruments of municipal issuers whose ability to meet their obligations may be affected by economic and political developments in the state. Market disruptions associated with the COVID-19 pandemic have had a global impact, and uncertainty exists as to the long-term implications. Such disruptions can adversely affect assets of the fund and thus fund performance.

 

A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.

 

1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.

 

2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any assets pledged as initial margin for open contracts are noted in the Schedule of Investments.

 

Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.

 

During the six months ended May 31, 2020, the fund’s average investments in long and short futures contracts represented less than 1% and 1% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period. The fund had no open futures contracts at May 31, 2020.

 

  241 

 

 

California Long-Term Tax-Exempt Fund

 

 

 

 

 

3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (November 30, 2016–2019), and for the period ended May 31, 2020, and has concluded that no provision for federal income tax is required in the fund’s financial statements.

 

4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.

 

5. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes, subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate (or an acceptable alternate rate, if necessary), federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread, except that borrowings under the uncommitted credit facility may bear interest based upon an alternative rate agreed to by the fund and Vanguard.

 

In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight, but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.

 

For the six months ended May 31, 2020, the fund did not utilize the credit facilities or the Interfund Lending Program.

 

6. Other: Interest income is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.

 

  242 

 

 

California Long-Term Tax-Exempt Fund

 

 

 

 

 

Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.

 

B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.

 

Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At May 31, 2020, the fund had contributed to Vanguard capital in the amount of $227,000, representing less than 0.01% of the fund’s net assets and 0.09% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.

 

C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

 

Level 1—Quoted prices in active markets for identical securities.

Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Schedule of Investments.

 

At May 31, 2020, 100% of the market value of the fund’s investments was determined based on Level 2 inputs.

 

D. As of May 31, 2020, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows:

 

  Amount
  ($000)
Tax Cost 4,652,020
Gross Unrealized Appreciation 340,083
Gross Unrealized Depreciation (12,341)
Net Unrealized Appreciation (Depreciation) 327,742

 

 

E. During the six months ended May 31, 2020, the fund purchased $453,754,000 of investment securities and sold $433,743,000 of investment securities, other than temporary cash investments.

 

  243 

 

 

California Long-Term Tax-Exempt Fund

 

 

 

 

 

The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the six months ended May 31, 2020, such purchases and sales were $220,840,000 and $225,856,000, respectively; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.

 

F. Capital share transactions for each class of shares were:

 

   Six Months Ended   Year Ended 
       May 31, 2020`  November 30, 2019 
   Amount   Shares   Amount   Shares 
   ($000)   (000)   ($000)   (000) 
Investor Shares                    
Issued   141,604    11,240    233,399    18,931 
Issued in Lieu of Cash Distributions   7,576    603    14,359    1,167 
Redeemed   (169,522)   (13,881)   (119,093)   (9,709)
Net Increase (Decrease)—Investor Shares   (20,342)   (2,038)   128,665    10,389 
Admiral Shares                    
Issued   538,901    43,224    964,971    78,632 
Issued in Lieu of Cash Distributions   40,927    3,258    80,398    6,532 
Redeemed   (572,687)   (47,032)   (412,672)   (33,721)
Net Increase (Decrease)—Admiral Shares   7,141    (550)   632,697    51,443 

 

 

G. Management has determined that no events or transactions occurred subsequent to May 31, 2020, that would require recognition or disclosure in these financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  244 

 

 

Trustees Approve Advisory Arrangements

 

 

 

The board of trustees of Vanguard California Municipal Money Market Fund, Vanguard California Intermediate-Term Tax-Exempt Fund, and Vanguard California Long-Term Tax-Exempt Fund has renewed each fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Fixed Income Group. The board determined that continuing each fund’s internalized management structure was in the best interests of the fund and its shareholders.

 

The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard’s Portfolio Review Department, which is responsible for fund and advisor oversight and product management. The Portfolio Review Department met regularly with the advisor and made monthly presentations to the board during the fiscal year that directed the board’s focus to relevant information and topics.

 

The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor’s assessment of the investment environment, portfolio performance, and portfolio characteristics.

 

In addition, the board received monthly reports, which included a Market and Economic Report, a Fund Dashboard Monthly Summary, and a Fund Performance Report.

 

Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangements. Rather, it was the totality of the circumstances that drove the board’s decision.

 

Nature, extent, and quality of services

The board reviewed the quality of each fund’s investment management services over both the short and long term, and took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Fixed Income Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.

 

The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of each advisory arrangement.

 

Investment performance

The board considered the short- and long-term performance of each fund, including any periods of outperformance or underperformance compared with a relevant benchmark index (as applicable) and peer group. The board concluded that the performance was such that each advisory arrangement should continue.

 

Cost

The board concluded that each fund’s expense ratio was well below the average expense ratio charged by funds in its peer group and that each fund’s advisory expenses were also well below the peer-group average.

 

  245 

 

 

The board does not conduct a profitability analysis of Vanguard because of Vanguard’s unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.

 

The benefit of economies of scale

The board concluded that each fund’s arrangement with Vanguard ensures that the funds will realize economies of scale as they grow, with the cost to shareholders declining as fund assets increase.

 

The board will consider whether to renew the advisory arrangements again after a one-year period.

 

 

  246 

 

 

Liquidity Risk Management

 

 

 

Vanguard funds (except for the money market funds) have adopted and implemented a written liquidity risk management program (the “Program”) as required by Rule 22e-4 under the Investment Company Act of 1940. Rule 22e-4 requires that each fund adopt a program that is reasonably designed to assess and manage the fund’s liquidity risk, which is the risk that the fund could not meet redemption requests without significant dilution of remaining investors’ interests in the fund.

 

Assessment and management of a fund’s liquidity risk under the Program take into consideration certain factors, such as the fund’s investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions, its short- and long-term cash-flow projections during both normal and reasonably foreseeable stressed conditions, and its cash and cash-equivalent holdings and access to other funding sources. As required by the rule, the Program includes policies and procedures for classification of fund portfolio holdings in four liquidity categories, maintaining certain levels of highly liquid investments, and limiting holdings of illiquid investments.

 

The board of trustees of Vanguard California Tax-Free Funds approved the appointment of liquidity risk management program administrators responsible for administering the Program for Vanguard California Intermediate-Term Tax-Exempt Fund and Vanguard California Long-Term Tax-Exempt Fund, and for carrying out the specific responsibilities set forth in the Program, including reporting to the board on at least an annual basis regarding the Program’s operation, its adequacy, and the effectiveness of its implementation for the past year (the “Program Administrator Report”). The board has reviewed the Program Administrator Report covering the period from December 1, 2018, through December 31, 2019 (the “Review Period”). The Program Administrator Report stated that during the Review Period the Program operated and was implemented effectively to manage the funds’ liquidity risk.

 

 

  247 

 

 

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Connect with Vanguard® > vanguard.com

 

 

 

Fund Information > 800-662-7447

 

Direct Investor Account Services > 800-662-2739

 

Institutional Investor Services > 800-523-1036

 

Text Telephone for People

Who Are Deaf or Hard of Hearing > 800-749-7273

 

This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.

 

 

You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.

 

You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.

 

 

 

 

 

 

 

 

© 2020 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

 

Q752 072020

 

  

 

 

Item 2: Code of Ethics.

 

Not applicable.

 

Item 3: Audit Committee Financial Expert.

 

Not applicable.

 

Item 4: Principal Accountant Fees and Services.

 

(a)       Audit Fees.

 

Not applicable.

 

 

 

 

Item 5: Audit Committee of Listed Registrants.

 

Not applicable.

 

Item 6: Investments.

 

Not applicable.

 

Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 8: Portfolio Managers of Closed-End Management Investment Companies.

 

Not applicable.

 

Item 9: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

 

Not applicable.

 

Item 10: Submission of Matters to a Vote of Security Holders.

 

Not applicable.

 

Item 11: Controls and Procedures.

 

(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

(b) Internal Control Over Financial Reporting. There were no significant changes in Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 13: Exhibits.

 

(a)Certifications.

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  VANGUARD CALIFORNIA TAX-FREE FUNDS  
     
BY:

/s/ MORTIMER J. BUCKLEY*

 

  
       MORTIMER J. BUCKLEY  
  CHIEF EXECUTIVE OFFICER  

 

Date: July 17, 2020

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

  VANGUARD CALIFORNIA TAX-FREE FUNDS  
     
BY:

/s/ MORTIMER J. BUCKLEY*

 

  
       MORTIMER J. BUCKLEY  
  CHIEF EXECUTIVE OFFICER  

 

Date: July 17, 2020

 

  VANGUARD CALIFORNIA TAX-FREE FUNDS  
     
BY:

/s/ JOHN BENDL*

 

  
       JOHN BENDL  
  CHIEF FINANCIAL OFFICER  

 

Date: July 17, 2020

 

* By: /s/ Anne E. Robinson

 

Anne E. Robinson, pursuant to a Power of Attorney filed on January 18, 2018 (see file Number 33-32216) and a Power of Attorney filed on October 30, 2019 (see file Number 811-02554), Incorporated by Reference.