0001104659-22-084516.txt : 20220801 0001104659-22-084516.hdr.sgml : 20220801 20220801101854 ACCESSION NUMBER: 0001104659-22-084516 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20220531 FILED AS OF DATE: 20220801 DATE AS OF CHANGE: 20220801 EFFECTIVENESS DATE: 20220801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD CALIFORNIA TAX-FREE FUNDS CENTRAL INDEX KEY: 0000783401 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04474 FILM NUMBER: 221123187 BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD CALIFORNIA TAX FREE FUNDS DATE OF NAME CHANGE: 20011121 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD CALIFORNIA TAX FREE FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD CALIFORNIA INSURED TAX FREE FUND DATE OF NAME CHANGE: 19870514 0000783401 S000002565 Vanguard California Municipal Money Market Fund C000007065 Investor Shares VCTXX 0000783401 S000002566 Vanguard California Intermediate-Term Tax-Exempt Fund C000007066 Investor Shares VCAIX C000007067 Admiral Shares VCADX 0000783401 S000002567 Vanguard California Long-Term Tax-Exempt Fund C000007068 Investor Shares VCITX C000007069 Admiral Shares VCLAX N-CSRS 1 tm2220095d5_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, 2021—May 31, 2022

 

 

 

 

Item 1: Reports to Shareholders

 

 

 

 

Semiannual Report   |   May 31, 2022
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

 

Contents
About Your Fund’s Expenses
1
California Municipal Money Market Fund
3
California Intermediate-Term Tax-Exempt Fund
14
California Long-Term Tax-Exempt Fund
107
Trustees Approve Advisory Arrangements
136
Liquidity Risk Management
137

 

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.
Six Months Ended May 31, 2022      
  Beginning
Account Value
11/30/2021 		Ending
Account Value
5/31/2022 		Expenses
Paid During
Period
Based on Actual Fund Return      
California Municipal Money Market Fund $1,000.00 $1,000.90 $0.65
California Intermediate-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $934.90 $0.82
Admiral™ Shares 1,000.00 935.30 0.43
California Long-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $913.90 $0.81
Admiral Shares 1,000.00 914.30 0.43
1

 

Six Months Ended May 31, 2022      
  Beginning
Account Value
11/30/2021 		Ending
Account Value
5/31/2022 		Expenses
Paid During
Period
Based on Hypothetical 5% Yearly Return      
California Municipal Money Market Fund $1,000.00 $1,024.28 $0.66
California Intermediate-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,024.08 $0.86
Admiral Shares 1,000.00 1,024.48 0.45
California Long-Term Tax-Exempt Fund      
Investor Shares $1,000.00 $1,024.08 $0.86
Admiral Shares 1,000.00 1,024.48 0.45
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, 0.13%; 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 (182/365).
2

 

California Municipal Money Market Fund
Distribution by Effective Maturity1
As of May 31, 2022
1 - 7 Days 93.3%
8 - 30 Days 3.4
31 - 60 Days 2.6
61 - 90 Days 0.6
91 - 180 Days 0.1
1 Percentage of investments.
3

 

California Municipal Money Market Fund
Financial Statements (unaudited)
Schedule of Investments
As of May 31, 2022
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 & Management” page at www.vanguard.com or on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
Tax-Exempt Municipal Bonds (100.0%)
California (100.0%)
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue, Prere. 5.000%  7/1/22   4,100     4,113
1 ABAG Finance Authority for Nonprofit Corps. Local or Guaranteed Housing Revenue VRDO 0.670%  6/2/22  80,900    80,900
1 ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue VRDO 0.820%  6/2/22   8,405     8,405
1 ABAG Finance Authority for Nonprofit Corps. Recreational Revenue VRDO 0.810%  6/2/22   7,000     7,000
1,2 Alameda CA Unified School District GO TOB VRDO 0.810%  6/2/22   4,000     4,000
1,2 Allan Hancock CA Joint Community College District GO TOB VRDO 0.820%  6/2/22   2,585     2,585
1,2 Allan Hancock CA Joint Community College GO TOB VRDO 0.820%  6/2/22  11,637    11,637
1,2 Anaheim CA Elementary School District GO TOB VRDO 0.820%  6/2/22   2,120     2,120
1,2 Bay Area Toll Authority Highway Revenue TOB VRDO 0.820%  6/7/22  11,030    11,030
1 Bay Area Toll Authority Highway Revenue VRDO 0.620%  6/2/22   7,150     7,150
1 Bay Area Toll Authority Highway Revenue VRDO 0.620%  6/2/22  20,000    20,000
1 Bay Area Toll Authority Highway Revenue VRDO 0.650%  6/2/22   4,975     4,975
1 Bay Area Toll Authority Highway Revenue VRDO 0.700%  6/2/22  11,705    11,705
1,2 Bay Area Toll Authority Toll Bridge Highway Revenue TOB VRDO 0.820%  6/7/22   8,435     8,435
1,2 Bay Area Toll Authority Toll Bridge Highway Revenue TOB VRDO 0.820%  6/7/22   6,710     6,710
1,2 Bay Area Toll Authority Toll Bridge Highway Revenue TOB VRDO 0.820%  6/7/22  19,630    19,630
1,2 Bay Area Toll Authority Toll Bridge Highway Revenue TOB VRDO 0.820%  6/7/22  12,035    12,035
1,2 Bay Area Toll Authority Toll Bridge Highway Revenue TOB VRDO 0.820%  6/7/22   8,335     8,335
1,2 Bay Area Toll Authority Toll Bridge Revenue Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%  6/7/22   5,250     5,250
1,2 Burbank Unified School District GO TOB VRDO 0.810%  6/2/22   5,520     5,520
1,2 California Coast Community College District GO TOB VRDO 0.820%  6/2/22   5,705     5,705
  California CP GO 0.750%  6/8/22  43,850    43,850
  California CP GO 1.000% 6/22/22   6,969     6,969
  California CP GO 1.060%  7/7/22  31,850    31,850
  California CP GO 1.150% 7/19/22  10,000    10,000
  California CP GO 1.150% 7/19/22   9,907     9,907
  California CP GO 1.150% 7/20/22  20,000    20,000
1,2 California Educational Facilities Authority College & University Revenue TOB VRDO 0.810%  6/2/22  13,875    13,875
1,2 California Educational Facilities Authority College & University Revenue TOB VRDO 0.810%  6/2/22   2,180     2,180
1,2 California Educational Facilities Authority College & University Revenue TOB VRDO 0.820%  6/2/22   4,000     4,000
  California Educational Facilities Authority College & University Revenue VRDO 0.700%  6/1/22   4,793     4,793
1,2 California GO TOB VRDO 0.810%  6/2/22   4,640     4,640
1,2 California GO TOB VRDO 0.810%  6/2/22   6,480     6,480
1,2 California GO TOB VRDO 0.810%  6/2/22   3,650     3,650
1,2 California GO TOB VRDO 0.820%  6/2/22  14,000    14,000
1,2,3 California GO TOB VRDO 0.820%  6/2/22   5,005     5,005
1,2 California GO TOB VRDO 0.820%  6/2/22   3,335     3,335
1,2 California GO TOB VRDO 0.820%  6/2/22   4,500     4,500
1,2 California GO TOB VRDO 0.820%  6/2/22   2,770     2,770
1,2 California GO TOB VRDO 0.820%  6/2/22  15,855    15,855
1,2 California GO TOB VRDO 0.820%  6/2/22   5,995     5,995
1,2 California GO TOB VRDO 0.820%  6/2/22   3,650     3,650
1,2 California GO TOB VRDO 0.820%  6/7/22   2,135     2,135
1,2 California GO TOB VRDO 0.820%  6/7/22   2,800     2,800
1,2 California GO TOB VRDO 0.820%  6/7/22   1,315     1,315
1 California GO VRDO 0.520%  6/1/22  13,795    13,795
1 California GO VRDO 0.680%  6/1/22  70,195    70,195
1 California GO VRDO 0.730%  6/1/22  12,400    12,400
1 California GO VRDO 0.650%  6/2/22   4,100     4,100
1 California GO VRDO 0.670%  6/2/22  21,395    21,395
1,2,4 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT TOB, SIFMA Municipal Swap Index Yield + 0.150% 0.940% 11/1/22   2,500     2,500
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%  6/2/22   6,665     6,665
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%  6/2/22   8,000     8,000
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%  6/7/22   6,240     6,240
1,2 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%  6/7/22  11,395    11,395
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.600%  6/1/22  39,800    39,800
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.620%  6/1/22  53,900    53,900
4

 

California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.620%  6/1/22   2,135     2,135
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.620%  6/1/22  12,350    12,350
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.640%  6/1/22  39,120    39,120
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.640%  6/1/22  12,900    12,900
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.640%  6/1/22  42,640    42,640
1 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.700%  6/1/22  20,935    20,935
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.700%  6/2/22  51,120    51,120
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.700%  6/2/22  35,050    35,050
1,2 California Infrastructure & Economic Development Bank Miscellaneous Revenue TOB VRDO 0.810%  6/2/22   6,970     6,970
1 California Municipal Finance Authority Local or Guaranteed Housing Revenue VRDO 0.750%  6/1/22  72,425    72,425
1,2 California Municipal Finance Authority Port, Airport & Marina Revenue TOB VRDO 0.870%  6/7/22   3,740     3,740
1,2 California Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 0.810%  6/2/22   3,750     3,750
1,2 California State University College & University Revenue TOB VRDO 0.820%  6/7/22   6,715     6,715
1,2 California State University College & University Revenue TOB VRDO 0.820%  6/7/22   4,760     4,760
1,2 California State University College & University Revenue TOB VRDO 0.820%  6/7/22   1,330     1,330
1,2 California State University Systemwide College & University Revenue TOB VRDO 0.820%  6/2/22   7,160     7,160
1,2 California State Unversity College & University Revenue TOB VRDO 0.820%  6/2/22   2,465     2,465
1 California Statewide Communities Development Authority Government Fund/Grant Revenue VRDO 0.730%  6/2/22  45,705    45,705
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.560%  6/1/22   7,300     7,300
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.620%  6/1/22     700       700
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.700%  6/1/22  12,100    12,100
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.720%  6/2/22  27,505    27,505
1 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.580%  6/1/22  14,200    14,200
1 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.580%  6/1/22  28,500    28,500
1 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.580%  6/1/22  18,000    18,000
1 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.810%  6/2/22  11,900    11,900
1 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue VRDO 0.810%  6/2/22  12,785    12,785
1 Calleguas-Las Virgenes Public Financing Authority Water Revenue VRDO 0.770%  6/2/22  12,690    12,690
1,2 Carlsbad Unified School District GO TOB VRDO 0.820%  6/2/22     600       600
1,2 Chino Valley Unified School District GO TOB VRDO 0.820%  6/2/22   4,000     4,000
1,2 Chino Valley Unified School District GO TOB VRDO 0.820%  6/2/22   3,750     3,750
1,2 Chino Valley Unified School District GO TOB VRDO 0.820%  6/2/22   4,125     4,125
1,2 Cupertino Union School District GO TOB VRDO 0.820%  6/7/22   8,870     8,870
1,2 Desert CA Community College District GO TOB VRDO 0.820%  6/2/22   6,000     6,000
1,2 Downey CA Unified School District GO TOB VRDO 0.820%  6/2/22   6,060     6,060
1,2 Dublin CA Unified School District GO TOB VRDO 0.660%  6/1/22  35,510    35,510
1,2 Dublin CA Unified School District GO TOB VRDO 0.660%  6/1/22  12,845    12,845
  East Bay Municipal Utility District CP 1.060%  7/7/22  17,760    17,760
1,2 East Bay Municipal Utility District Water System Water Revenue TOB VRDO 0.810%  6/2/22  13,525    13,525
1,2 East Bay Municipal Utility District Water System Water Revenue TOB VRDO 0.820%  6/2/22   2,500     2,500
  East Bay Municipal Utility District Water System Water Revenue VRDO 0.700%  6/1/22   1,860     1,860
1,2 East Bay Municipal Utility District Water System Water Revenue VRDO 0.800%  6/2/22  24,000    24,000
1,2 East Bay Municipal Utility District Water System Water Revenue VRDO 0.800%  6/2/22  65,830    65,830
1,2 Eastern Municipal Water District Financing Authority Water Revenue TOB VRDO 0.820%  6/2/22   9,000     9,000
  Eastern Municipal Water District Water Revenue VRDO 0.550%  6/1/22   9,110     9,110
1,2,5 Fairfield CA COP TOB VRDO 0.910%  6/2/22   2,366     2,366
1,2 Folsom Cordova Unified School District School Facilities Improvement District No. 5 GO TOB VRDO 0.810%  6/2/22   3,750     3,750
1,2 Foothill-Eastern Transportation Corridor Agency Highway Revenue TOB VRDO 0.840%  6/7/22   4,420     4,420
1,2 Gilroy CA Unified School District GO TOB VRDO 0.820%  6/2/22   4,000     4,000
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%  6/1/22  54,830    54,830
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%  6/1/22  24,205    24,205
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.250%  6/1/22  77,460    77,460
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.300%  6/1/22   8,425     8,425
1,2 Hartnell CA Community College GO TOB VRDO 0.820%  6/2/22   1,995     1,995
1,2 Hayward CA Area Recreation & Park District GO TOB VRDO 0.820%  6/2/22   5,000     5,000
1,2 Huntington Beach City School District GO TOB VRDO 0.660%  6/1/22  12,160    12,160
1 Irvine CA Special Assessment Revenue VRDO 0.500%  6/1/22  16,890    16,890
1 Irvine CA Special Assessment Revenue VRDO 0.500%  6/1/22   9,729     9,729
1 Irvine CA Special Assessment Revenue VRDO 0.500%  6/1/22  12,907    12,907
1 Irvine CA Special Assessment Revenue VRDO 0.620%  6/1/22   7,530     7,530
1 Irvine CA Special Assessment Revenue VRDO 0.620%  6/1/22   5,734     5,734
1 Irvine CA VRDO 0.520%  6/1/22   4,515     4,515
1 Irvine CA VRDO 0.620%  6/1/22  16,430    16,430
1 Irvine CA VRDO 0.620%  6/1/22   3,000     3,000
1,2 Irvine Ranch Water District COP TOB VRDO 0.820%  6/2/22   3,220     3,220
1 Irvine Ranch Water District Special Assessment Revenue VRDO 0.620%  6/1/22  17,415    17,415
1,2 Livermore Valley CA Joint Unified School District GO TOB VRDO 0.820%  6/7/22   5,000     5,000
1,2 Long Beach CA Community College District GO TOB VRDO 0.820%  6/2/22   5,368     5,368
1,2 Long Beach CA Harbor Port, Airport & Marina Revenue TOB VRDO 0.810%  6/2/22   4,000     4,000
5

 

California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1,2 Long Beach Harbor Port, Airport & Marina Revenue TOB VRDO 0.820%  6/2/22   3,750     3,750
1,2 Long Beach Unified School District GO TOB VRDO 0.820%  6/2/22  38,160    38,160
1,2 Long Beach Unified School District GO TOB VRDO 0.820%  6/2/22     405       405
1,2 Los Angeles CA Community College District GO TOB VRDO 0.820%  6/2/22   3,750     3,750
1,2 Los Angeles CA Department of Airports International Airport Port, Airport & Marina Revenue TOB VRDO 0.840%  6/2/22   3,970     3,970
1,2 Los Angeles CA Department of Airports International Airport Port, Airport & Marina Revenue TOB VRDO 0.840%  6/2/22   4,500     4,500
1,2 Los Angeles CA Department of Airports International Airport Port, Airport & Marina Revenue TOB VRDO 0.840%  6/2/22   5,015     5,015
1,2 Los Angeles CA Department of Airports International Airport Port, Airport & Marina Revenue TOB VRDO 0.850%  6/2/22   5,020     5,020
1,2 Los Angeles CA Department of Airports International Airport Port, Airport & Marina Revenue TOB VRDO 0.850%  6/2/22   7,500     7,500
1,2 Los Angeles CA Department of Airports International Airport Port, Airport & Marina Revenue TOB VRDO 0.850%  6/2/22   7,545     7,545
1,2 Los Angeles CA Department of Airports International Airport Port, Airport & Marina Revenue TOB VRDO 0.850%  6/2/22   1,460     1,460
1,2 Los Angeles CA Department of Airports International Airport Port, Airport & Marina Revenue TOB VRDO 0.850%  6/2/22   2,940     2,940
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.820%  6/2/22  18,095    18,095
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.830%  6/2/22   6,520     6,520
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.840%  6/2/22   2,670     2,670
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.850%  6/2/22   2,500     2,500
1,2 Los Angeles CA Department of Airports Port, Airport & Marina Revenue TOB VRDO 0.840%  6/7/22   1,940     1,940
  Los Angeles CA General Fund Revenue TRAN 4.000% 6/23/22  45,000    45,075
1,2 Los Angeles CA Harbor Department Port, Airport & Marina Revenue TOB VRDO 0.820%  6/2/22   1,875     1,875
1,2 Los Angeles CA Harbor Department Port, Airport & Marina Revenue TOB VRDO 0.840%  6/2/22   2,220     2,220
1,2 Los Angeles CA Wastewater System Sewer Revenue TOB VRDO 0.820%  6/2/22   6,000     6,000
1,2 Los Angeles CA Wastewater System Sewer Revenue TOB VRDO 0.820%  6/7/22   1,335     1,335
1 Los Angeles Community Redevelopment Agency Local or Guaranteed Housing Revenue VRDO 0.730%  6/2/22  27,355    27,355
  Los Angeles County Capital Asset Leasing Corp. Lease Revenue CP 0.820% 6/15/22   6,500     6,500
  Los Angeles County Capital Asset Leasing Corp. Lease Revenue CP 1.300%  8/2/22     915       915
  Los Angeles County Capital Asset Leasing Corp. Lease Revenue CP 1.300%  8/2/22  23,760    23,760
1,2 Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue TOB VRDO 0.820%  6/2/22   3,350     3,350
1,2 Los Angeles Department of Water & Power Electric Power & Light Revenue TOB VRDO 0.820%  6/2/22   9,200     9,200
1,2 Los Angeles Department of Water & Power Electric Power & Light Revenue TOB VRDO 0.820%  6/2/22   2,000     2,000
1,2 Los Angeles Department of Water & Power Electric Power & Light Revenue TOB VRDO 0.820%  6/2/22   5,400     5,400
  Los Angeles Department of Water & Power Electric Power & Light Revenue VRDO 0.500%  6/1/22  43,480    43,480
  Los Angeles Department of Water & Power Electric Power & Light Revenue VRDO 0.570%  6/1/22  32,010    32,010
1,2 Los Angeles Department of Water & Power System Electric Power & Light Revenue TOB VRDO 0.810%  6/2/22   7,335     7,335
1,2 Los Angeles Department of Water & Power System Electric Power & Light Revenue TOB VRDO 0.820%  6/2/22   7,000     7,000
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.540%  6/1/22  11,075    11,075
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.550%  6/1/22  14,550    14,550
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.700%  6/2/22  41,420    41,420
1,2 Los Angeles Department of Water & Power Water Revenue TOB VRDO 0.820%  6/7/22   1,150     1,150
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 0.520%  6/1/22   6,400     6,400
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 0.550%  6/1/22   3,525     3,525
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 0.680%  6/2/22  33,100    33,100
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 0.700%  6/2/22  15,050    15,050
  Los Angeles Municipal Improvement Corp. Lease Revenue 0.720%  6/1/22   9,230     9,230
1,2 Lucia Mar CA Unified School District GO TOB VRDO 0.830%  6/7/22   9,975     9,975
1,2 Madera CA Unified School District GO TOB VRDO 0.810%  6/2/22   6,400     6,400
1,2 Marin CA Healthcare District GO TOB VRDO 0.810%  6/2/22   5,235     5,235
1,2 Marin CA Healthcare District GO TOB VRDO 0.820%  6/2/22   1,600     1,600
1,2 Marin CA Healthcare District GO TOB VRDO 0.820%  6/2/22   5,585     5,585
1,2 Marin CA Water District Financing Authority Water Revenue TOB VRDO 0.820%  6/2/22   4,025     4,025
  Metropolitan Water District of Southern California Water Revenue VRDO 0.550%  6/1/22  37,700    37,700
  Metropolitan Water District of Southern California Water Revenue VRDO 0.550%  6/1/22   9,135     9,135
  Metropolitan Water District of Southern California Water Revenue VRDO 0.550%  6/1/22  34,960    34,960
  Metropolitan Water District of Southern California Water Revenue VRDO 0.550%  6/1/22   2,365     2,365
1,2 Modesto CA Elementary School District Stanislaus Country GO TOB VRDO 0.820%  6/2/22   5,400     5,400
1 Modesto CA Public Financing Authority Lease (Abatement) Revenue VRDO 0.790%  6/2/22  36,145    36,145
1,2 Montebello Unified School District GO TOB VRDO 0.820%  6/2/22   4,700     4,700
1,2 Mount San Antonio CA Community College District GO TOB VRDO 0.820%  6/2/22   9,600     9,600
1,2 Mount San Antonio CA Community College District GO TOB VRDO 0.820%  6/2/22  11,389    11,389
1,2 Newhall CA School District GO TOB VRDO 0.660%  6/1/22  10,450    10,450
1,2 Norwalk-La Mirada CA Unified School District GO TOB VRDO 0.820%  6/2/22   2,500     2,500
1,2 Norwalk-La Mirada CA Unified School District GO TOB VRDO 0.820%  6/2/22   6,635     6,635
1,2 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.820%  6/2/22   2,000     2,000
1,2 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.820%  6/2/22  61,000    61,000
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP 0.860%  6/2/22   9,100     9,100
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP 0.860%  6/2/22  19,100    19,100
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP 0.880%  6/2/22  60,500    60,500
1,2 Nuveen California Quality Municipal Income Fund VRDO VRDP TOB 0.920%  6/1/22 106,800   106,800
1,2 Oakland CA GO TOB VRDO 0.660%  6/1/22  10,080    10,080
1,2 Oakland Unified School District/Alameda County GO TOB VRDO 0.820%  6/7/22   2,400     2,400
6

 

California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1,2 Ocean View School District Orange County GO TOB VRDO 0.820%  6/2/22   6,430     6,430
1 Oceanside CA Local or Guaranteed Housing Revenue VRDO 0.790%  6/2/22  15,000    15,000
1 Orange County Water District COP VRDO 0.680%  6/1/22   9,825     9,825
1,2,6 Oxnard School District GO TOB VRDO 0.820%  6/2/22   6,000     6,000
1,2 Pajaro Valley Unified School District GO TOB VRDO 0.870%  6/7/22   5,600     5,600
1 Pasadena CA COP VRDO 0.720%  6/2/22  38,230    38,230
1,2 Poway CA Unified School District GO TOB VRDO 0.820%  6/2/22   4,012     4,012
1,2 Regents of the University of California Medical Center Pooled Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%  6/2/22   2,670     2,670
1,2 Regents of the University of California Medical Center Pooled Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%  6/7/22   3,675     3,675
1 Riverside CA COP VRDO 0.730%  6/2/22  56,805    56,805
1 Riverside CA Electric Revenue VRDO 0.720%  6/1/22   8,110     8,110
1,2,4 Sacramento CA Area Flood Control Agency Special Assessment Revenue PUT TOB, SIFMA Municipal Swap Index Yield + 0.150% 0.940% 10/3/22   2,300     2,300
1,2 Sacramento CA Area Flood Control Agency Special Assessment Revenue TOB VRDO 0.820%  6/2/22   6,000     6,000
1,2 Sacramento CA Area Flood Control Agency Special Assessment Revenue TOB VRDO 0.820%  6/2/22  10,000    10,000
1,2 Sacramento CA Municipal Utility District Electric Power & Light Revenue TOB VRDO 0.820%  6/2/22   3,000     3,000
1,2 Sacramento CA Water Revenue TOB VRDO 0.820%  6/7/22   3,800     3,800
1 Sacramento County CA Local or Guaranteed Housing Revenue VRDO 0.910%  6/2/22   9,600     9,600
1 Sacramento Housing Authority Local or Guaranteed Housing Revenue VRDO 0.810%  6/2/22  14,270    14,270
1,2 Sacramento Municipal Utility District Electric Power & Light Revenue TOB VRDO 0.820%  6/7/22   2,650     2,650
1 Sacramento Transportation Authority Sales Tax Revenue VRDO 0.620%  6/2/22  10,600    10,600
1 Sacramento Transportation Authority Sales Tax Revenue VRDO 0.680%  6/2/22  69,000    69,000
  Sacramento Transportation Authority Sales Tax Revenue VRDO 0.700%  6/2/22  80,670    80,670
1,2 San Bernardino CA Community College District GO TOB VRDO 0.810%  6/2/22   4,620     4,620
1 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 0.750%  6/2/22   4,265     4,265
1 San Bernardino County CA Local or Guaranteed Housing Revenue VRDO 0.750%  6/2/22   2,500     2,500
1,2 San Bernardino County CA Transportation Authority Sales Tax Revenue TOB VRDO 0.820%  6/2/22   7,900     7,900
1,2 San Diego CA Unified School District GO TOB VRDO 0.820%  6/2/22   4,500     4,500
1,2 San Diego CA Unified School District GO TOB VRDO 0.820%  6/2/22   1,105     1,105
1,2 San Diego CA Unified School District GO TOB VRDO 0.820%  6/2/22   2,500     2,500
1,2 San Diego CA Unified School District GO TOB VRDO 0.820%  6/2/22   4,000     4,000
1,2 San Diego County Regional Airport Authority Port, Airport & Marina Revenue TOB VRDO 0.870%  6/7/22   1,900     1,900
1,2 San Diego County Regional Airport Authority Port, Airport & Marina Revenue TOB VRDO 0.870%  6/7/22     470       470
1,2 San Diego County Regional Transportation Commission Sales Tax Revenue TOB VRDO 0.820%  6/2/22   6,665     6,665
  San Diego County Regional Transportation Commission Sales Tax Revenue VRDO 0.680%  6/2/22  81,085    81,085
  San Diego County Water Authority Water Revenue CP 1.000%  6/9/22  35,000    35,000
1 San Diego Housing Authority Local or Guaranteed Housing Revenue VRDO 0.800%  6/1/22  72,710    72,710
1,2 San Francisco Bay Area Rapid Transit District GO TOB VRDO 0.820%  6/7/22   1,875     1,875
1,2 San Francisco Bay Area Rapid Transit District Sales Tax Revenue TOB VRDO 0.820%  6/2/22   1,700     1,700
1,2 San Francisco CA City & County GO VRDO 0.800%  6/2/22   9,225     9,225
1,2 San Francisco CA City & County International Airport Port, Airport & Marina Revenue TOB VRDO 0.840%  6/2/22  36,685    36,685
1,2 San Francisco CA City & County International Airport Port, Airport & Marina Revenue TOB VRDO 0.840%  6/2/22  19,655    19,655
1,2 San Francisco CA City & County International Airport Port, Airport & Marina Revenue TOB VRDO 0.860%  6/7/22  12,900    12,900
1,2 San Francisco CA City & County Public Utilities Commission Wastewater Sewer Revenue TOB VRDO 0.820%  6/2/22   7,500     7,500
1,2 San Francisco CA City & County Public Utilities Commission Wastewater Sewer Revenue TOB VRDO 0.820%  6/2/22   6,900     6,900
1,2 San Francisco CA City & County Public Utilities Commission Water Revenue TOB VRDO 0.820%  6/2/22   8,885     8,885
  San Francisco CA City & County Public Utils Commission Wastewater Revenue CP 1.000%  7/7/22  10,000    10,000
1,2 San Francisco City & County Airport Commission-San Francisco International Airport GO TOB VRDO 0.870%  6/7/22   4,685     4,685
1 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue VRDO 0.710%  6/1/22  94,605    94,605
1 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue VRDO 0.760%  6/1/22   5,400     5,400
1 San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue VRDO 0.750%  6/7/22  48,145    48,145
1 San Francisco City & County Finance Corp. Lease (Abatement) Revenue VRDO 0.680%  6/2/22   6,695     6,695
1 San Francisco City & County Finance Corp. Lease (Abatement) Revenue VRDO 0.720%  6/2/22   9,975     9,975
1 San Francisco City & County Redevelopment Agency Successor Agency Local or Guaranteed Housing Revenue VRDO 0.750%  6/2/22   5,690     5,690
1,2 San Jose CA GO TOB VRDO 0.820%  6/7/22   4,000     4,000
1,2 San Mateo County CA Community College District GO TOB VRDO 0.820%  6/2/22   8,810     8,810
1,2 San Mateo County CA Community College District GO TOB VRDO 0.820%  6/2/22   2,235     2,235
1,2 San Mateo Union High School District GO TOB VRDO 0.820%  6/2/22   7,709     7,709
1 Santa Clara County Financing Authority Lease (Abatement) Revenue (Multiple Facilities Projects) VRDO 0.730%  6/1/22  33,505    33,505
  Santa Clara Valley Transportation Authority Sales Tax Revenue VRDO 0.680%  6/2/22  37,755    37,755
1,2 Santa Monica CA Community College District GO TOB VRDO 0.810%  6/2/22   1,200     1,200
1,2 Santa Monica CA Community College District GO TOB VRDO 0.820%  6/2/22   5,000     5,000
1,2 Solano County CA Community College District GO TOB VRDO 0.820%  6/2/22   3,000     3,000
1,2 Sonoma County Junior College District GO TOB VRDO 0.820%  6/2/22  16,000    16,000
1 Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-20) VRDO 0.620%  6/1/22  12,950    12,950
1,2 Southwestern CA Community College District GO TOB VRDO 0.810%  6/2/22   6,010     6,010
7

 

California Municipal Money Market Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1,2 Southwestern CA Community College District GO TOB VRDO 0.820%  6/2/22   3,200     3,200
1,2 Sunnyvale CA School District GO TOB VRDO 0.810%  6/2/22   5,000     5,000
1,2 Temecula Valley Unified School District GO TOB VRDO 0.820%  6/2/22   2,000     2,000
1,2 University of California College & University Revenue TOB VRDO 0.810%  6/2/22   8,670     8,670
1,2 University of California College & University Revenue TOB VRDO 0.810%  6/2/22  13,485    13,485
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/2/22   4,125     4,125
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/2/22  15,300    15,300
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/2/22   2,585     2,585
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/2/22   2,500     2,500
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/2/22   5,000     5,000
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/2/22  10,635    10,635
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/2/22  20,870    20,870
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/2/22   2,500     2,500
1,2 University of California College & University Revenue TOB VRDO 0.820%  6/7/22   1,000     1,000
  University of California College & University Revenue VRDO 0.500%  6/1/22  46,630    46,630
  University of California College & University Revenue VRDO 0.520%  6/1/22  29,325    29,325
1,2 University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%  6/2/22  13,605    13,605
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.520%  6/1/22   6,485     6,485
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.520%  6/1/22  41,155    41,155
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.550%  6/1/22  12,160    12,160
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.550%  6/1/22  32,550    32,550
1 Vacaville CA Local or Guaranteed Housing Revenue VRDO 0.750%  6/7/22   3,000     3,000
1,2 Ventura County CA Community College District GO TOB VRDO 0.820%  6/2/22   6,000     6,000
1,2 West Valley-Mission CA Community College District GO TOB VRDO 0.820%  6/2/22     200       200
1,2 Yosemite CA Community College District GO TOB VRDO 0.820%  6/2/22   9,637     9,637
Total Tax-Exempt Municipal Bonds (Cost $4,048,430) 4,048,430
Total Investments (100.0%) (Cost $4,048,430) 4,048,430
Other Assets and Liabilities—Net (0.0%) 1,272
Net Assets (100%) 4,049,702
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by bank letter of credit.
2 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, 2022, the aggregate value was $1,415,923,000, representing 35.0% of net assets.
3 Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp.
4 Variable-rate security; rate shown is effective rate at period end. Certain variable-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.
5 Scheduled principal and interest payments are guaranteed by XL Capital Assurance Inc.
6 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
  COP—Certificate of Participation.
  CP—Commercial Paper.
  GO—General Obligation Bond.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  SIFMA—Securities Industry and Financial Markets Association.
  TOB—Tender Option Bond.
  TRAN—Tax Revenue Anticipation Note.
  VRDO—Variable Rate Demand Obligation.
  VRDP—Variable Rate Demand Preferred.
  
See accompanying Notes, which are an integral part of the Financial Statements.
8

 

California Municipal Money Market Fund
Statement of Assets and Liabilities
As of May 31, 2022
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $4,048,430) 4,048,430
Investment in Vanguard 143
Cash 4,611
Receivables for Investment Securities Sold 1,625
Receivables for Accrued Income 8,680
Receivables for Capital Shares Issued 14,802
Other Assets 2,146
Total Assets 4,080,437
Liabilities  
Payables for Investment Securities Purchased 19,976
Payables for Capital Shares Redeemed 10,278
Payables for Distributions 199
Payables to Vanguard 282
Total Liabilities 30,735
Net Assets 4,049,702
At May 31, 2022, net assets consisted of:  
   
Paid-in Capital 4,049,503
Total Distributable Earnings (Loss) 199
Net Assets 4,049,702
 
Net Assets  
Applicable to 4,048,506,687 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		4,049,702
Net Asset Value Per Share $1.00
  
See accompanying Notes, which are an integral part of the Financial Statements.
9

 

California Municipal Money Market Fund
Statement of Operations
  Six Months Ended
May 31, 2022
  ($000)
Investment Income  
Income  
Interest 5,865
Total Income 5,865
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 253
Management and Administrative 2,607
Marketing and Distribution 227
Custodian Fees 9
Shareholders’ Reports 16
Trustees’ Fees and Expenses 1
Other Expenses 7
Total Expenses 3,120
Expense Reduction—Note B (659)
Net Expenses 2,461
Net Investment Income 3,404
Realized Net Gain (Loss) on Investment Securities Sold 121
Net Increase (Decrease) in Net Assets Resulting from Operations 3,525
  
Statement of Changes in Net Assets
  Six Months Ended
May 31,
2022 		  Year Ended
November 30,
2021
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 3,404   420
Realized Net Gain (Loss) 121   115
Net Increase (Decrease) in Net Assets Resulting from Operations 3,525   535
Distributions      
Total Distributions (3,519)   (421)
Capital Share Transactions (at $1.00 per share)      
Issued 1,161,414   1,678,157
Issued in Lieu of Cash Distributions 3,124   379
Redeemed (1,007,528)   (2,380,846)
Net Increase (Decrease) from Capital Share Transactions 157,010   (702,310)
Total Increase (Decrease) 157,016   (702,196)
Net Assets      
Beginning of Period 3,892,686   4,594,882
End of Period 4,049,702   3,892,686
  
 
See accompanying Notes, which are an integral part of the Financial Statements.
10

 

California Municipal Money Market Fund
Financial Highlights
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2022 		Year Ended November 30,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
Investment Operations            
Net Investment Income1 .0009 .0001 .005 .013 .012 .006
Net Realized and Unrealized Gain (Loss) on Investments .00002 — — — — —
Total from Investment Operations .0009 .0001 .005 .013 .012 .006
Distributions            
Dividends from Net Investment Income (.0009) (.0001) (.005) (.013) (.012) (.006)
Distributions from Realized Capital Gains (.0000)3 — — — — —
Total Distributions (.0009) (.0001) (.005) (.013) (.012) (.006)
Net Asset Value, End of Period $1.00 $1.00 $1.00 $1.00 $1.00 $1.00
Total Return4 0.09% 0.01% 0.47% 1.29% 1.18% 0.64%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $4,050 $3,893 $4,595 $5,650 $5,349 $4,043
Ratio of Total Expenses to Average Net Assets5 0.13% 0.06% 0.16% 0.16% 0.16% 0.16%
Ratio of Net Investment Income to Average Net Assets 0.17% 0.01% 0.49% 1.28% 1.18% 0.64%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Amount was less than $.0001 per share.
3 Distribution was less than $.0001 per share.
4 Total 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.
5 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. Vanguard and the board of trustees may terminate the temporary expense limitation at any time. The fund is not obligated to repay this amount to Vanguard. The ratio of total expenses to average net assets before an expense reduction was 0.16% for the six months ended May 31, 2022 and 0.16% for the years ended November 30, 2021, and 2020. For the years ended November 30, 2019, 2018, and 2017, there were no expense reductions.
  
See accompanying Notes, which are an integral part of the Financial Statements.
11

 

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. Many municipalities insure repayment of their bonds. The insurance does not guarantee the market value of the municipal bonds. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and 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. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for 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 $4.4 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 and are 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, which 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 an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate 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, 2022, 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,
12

 

California Municipal Money Market Fund
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, 2022, the fund had contributed to Vanguard capital in the amount of $143,000, representing less than 0.01% of the fund’s net assets and 0.06% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
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. Vanguard and the board of trustees may terminate the temporary expense limitation at any time. For the six months ended May 31, 2022, Vanguard's expenses were reduced by $659,000 (an effective annual rate of 0.03% of the fund’s average net assets); the fund is not obligated to repay this amount to 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, 2022, 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.
D. As of May 31, 2022, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows:
  Amount
($000)
Tax Cost 4,048,430
Gross Unrealized Appreciation —
Gross Unrealized Depreciation —
Net Unrealized Appreciation (Depreciation) —
E. 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, 2022, such purchases were $546,672,000 and sales were $350,739,000, resulting in net realized gain (loss) of $0.
F. Management has determined that no events or transactions occurred subsequent to May 31, 2022, that would require recognition or disclosure in these financial statements.
13

 

California Intermediate-Term Tax-Exempt Fund
Distribution by Stated Maturity
As of May 31, 2022
Under 1 Year 7.7%
1 - 3 Years 11.6
3 - 5 Years 10.4
5 - 10 Years 26.3
10 - 20 Years 43.0
20 - 30 Years 1.0
Over 30 Years 0.0
The table reflects the fund’s investments, except for short-term investments and derivatives.
14

 

California Intermediate-Term Tax-Exempt Fund
Financial Statements (unaudited)
Schedule of Investments
As of May 31, 2022
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.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
Tax-Exempt Municipal Bonds (100.0%)
California (99.1%)
  91 Express Lanes Toll Road Highway Revenue 5.000%  8/15/22   1,050      1,058
  91 Express Lanes Toll Road Highway Revenue 5.000%  8/15/29     100        104
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   8/1/31   1,000      1,033
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue 5.000%   8/1/32   1,000      1,033
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/22   3,120      3,129
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/22   1,020      1,023
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/22   1,195      1,199
  ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue, ETM 5.000%   7/1/22     555        557
  ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue, Prere. 5.000%   7/1/22   1,000      1,003
  ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue, Prere. 5.000%   7/1/22   1,265      1,269
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/22     350        353
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/23     370        385
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/24     395        421
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/25     505        538
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/26     675        719
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/28   1,150      1,224
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/29     985      1,048
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/30   1,405      1,495
1 ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/30   1,530      1,713
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/31     495        527
  ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/32     520        553
2 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/27     750        797
2 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/28   1,000      1,062
2 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/30   1,680      1,780
2 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/31   1,640      1,736
2 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/32   3,000      3,174
2 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/33   2,375      2,513
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/22   2,220      2,247
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/22   6,350      6,417
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 4.000%  10/1/23   3,265      3,339
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/23   2,610      2,722
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/24     150        156
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/24   2,755      2,891
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/25   1,895      1,974
  Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/25   4,185      4,462
1 Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000%  10/1/28     150        156
3 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/29  30,365     23,452
3 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/30  10,220      7,575
4 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/30     125         95
4 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/33   6,025      4,034
1 Alameda Corridor Transportation Authority Transit Revenue 3.000%  10/1/34     100         98
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/34  16,135     17,060
1 Alameda Corridor Transportation Authority Transit Revenue 4.000%  10/1/35   1,025      1,045
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/35  20,580     21,736
1 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/35   2,160      2,312
1 Alameda Corridor Transportation Authority Transit Revenue 3.125%  10/1/36     265        260
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/36  13,670     14,428
1 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/36   1,330      1,417
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/37   1,110      1,170
1 Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/37     310        330
  Alameda County CA Unified School District GO 4.000%   8/1/28     500        538
  Alameda County CA Unified School District GO 4.000%   8/1/29     350        374
  Alameda County CA Unified School District GO 4.000%   8/1/30     520        553
  Alameda County CA Unified School District GO 4.000%   8/1/31     480        508
  Alameda County CA Unified School District GO 4.000%   8/1/32     710        747
  Alameda County CA Unified School District GO 4.000%   8/1/33     500        526
  Alameda County CA Unified School District GO 4.000%   8/1/34     500        524
  Alameda County CA Unified School District GO 5.000%   8/1/34   2,890      3,120
  Alameda County CA Unified School District GO 3.000%   8/1/38   1,000        936
15

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
5 Alameda County Joint Powers Authority Lease (Abatement) Revenue 4.000%  12/1/34  16,125     16,538
2 Alum Rock Union Elementary School District GO 5.000%   8/1/22     500        503
2 Alum Rock Union Elementary School District GO 5.000%   8/1/23     800        829
2 Alum Rock Union Elementary School District GO 5.000%   8/1/24   1,000      1,059
2 Alum Rock Union Elementary School District GO 5.000%   8/1/25   1,275      1,375
2 Alum Rock Union Elementary School District GO 5.000%   8/1/26   1,180      1,283
2 Alum Rock Union Elementary School District GO 5.000%   8/1/32   2,755      2,975
  Alum Rock Union Elementary School District GO 3.000%   8/1/33     200        194
1 Alvord Unified School District GO 5.000%   8/1/23     530        549
1,4 Alvord Unified School District GO 5.900%   2/1/24   2,735      2,854
1 Alvord Unified School District GO 5.000%   8/1/24     650        689
1 Alvord Unified School District GO 5.000%   8/1/27   1,300      1,465
1 Alvord Unified School District GO 5.000%   8/1/28   1,375      1,572
1 Alvord Unified School District GO 5.000%   8/1/29   1,525      1,733
1 Alvord Unified School District GO 5.000%   8/1/30   1,950      2,208
1 Alvord Unified School District GO 5.000%   8/1/31   1,750      1,976
1 Alvord Unified School District GO 5.000%   8/1/32   1,405      1,584
4 Anaheim CA City School District GO 0.000%   8/1/27  11,075      9,545
1,4 Anaheim CA City School District GO 0.000%   8/1/31   2,775      2,073
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/22   2,370      2,399
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/24   1,175      1,253
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/26   3,175      3,531
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/30     500        542
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/30   1,750      1,962
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/31     500        542
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/31   1,305      1,459
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/32   1,485      1,609
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/32   2,000      2,227
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/33     815        883
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/33   1,750      1,945
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/34     800        866
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/35   1,155      1,249
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/36   1,830      1,977
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/36   3,120      3,371
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/37   1,250      1,349
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/37   1,000      1,079
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/38   2,860      3,081
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/39   1,300      1,399
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/39     645        694
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/40   1,000      1,074
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/40   2,385      2,563
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue (Water System Project), Prere. 5.000%  10/1/25     175        191
1 Anaheim Public Financing Authority Lease (Abatement) Revenue 0.000%   9/1/30   6,070      4,712
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/22      75         76
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/23     655        677
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/24     375        397
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/28   1,820      2,017
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/29   1,320      1,468
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/30   3,000      3,410
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/31   2,265      2,570
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/32   2,070      2,344
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/34   2,000      2,201
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/35   6,500      7,148
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/36  15,500     17,071
  Anaheim Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%   5/1/24   4,870      5,160
  Anaheim Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%   5/1/24   2,950      3,126
  Anaheim Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%   5/1/24   1,845      1,955
  Anaheim Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   2/1/29   1,345      1,525
  Arcadia CA Unified School District GO 4.000%   8/1/28   2,125      2,257
  Arcadia CA Unified School District GO 4.000%   8/1/29   2,675      2,827
1 Azusa Unified School District GO 0.000%   7/1/27     250        215
1 Azusa Unified School District GO 4.000%   8/1/31   4,045      4,200
  Azusa Unified School District GO, Prere. 5.000%   8/1/22     500        503
  Azusa Unified School District GO, Prere. 5.000%   8/1/22     500        503
  Azusa Unified School District GO, Prere. 5.000%   8/1/22     515        518
  Azusa Unified School District GO, Prere. 5.000%   8/1/22     600        604
  Azusa Unified School District GO, Prere. 5.000%   8/1/22     950        956
  Azusa Unified School District GO, Prere. 5.000%   8/1/22   1,055      1,062
16

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Azusa Unified School District GO, Prere. 5.000%   8/1/22   1,165      1,172
  Azusa Unified School District GO, Prere. 5.000%   8/1/22   1,000      1,006
  Azusa Unified School District GO, Prere. 5.000%   8/1/22     650        654
  Baldwin Park Unified School District GO 4.000%   8/1/28      85         92
  Baldwin Park Unified School District GO 4.000%   8/1/29     100        108
  Baldwin Park Unified School District GO 4.000%   8/1/30     100        108
  Baldwin Park Unified School District GO 4.000%   8/1/31     150        161
  Baldwin Park Unified School District GO 4.000%   8/1/33     100        106
  Baldwin Park Unified School District GO 4.000%   8/1/34     100        106
  Baldwin Park Unified School District GO 3.000%   8/1/35     200        196
  Baldwin Park Unified School District GO 3.000%   8/1/36     200        196
  Baldwin Park Unified School District GO 3.000%   8/1/37     320        312
  Baldwin Park Unified School District GO 3.000%   8/1/38     335        325
  Baldwin Park Unified School District GO 3.000%   8/1/39     450        424
  Baldwin Park Unified School District GO 3.000%   8/1/40     450        415
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/30  13,510     14,275
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/31   2,330      2,451
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/32     895        940
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/35  22,770     23,715
  Bay Area Toll Authority Highway Revenue 3.250%   4/1/36   2,985      2,931
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/24  33,140     32,911
  Bay Area Toll Authority Highway Revenue PUT 2.125%   4/1/25  50,185     49,132
  Bay Area Toll Authority Highway Revenue PUT 2.850%   4/1/25  19,055     19,057
  Bay Area Toll Authority Highway Revenue PUT 2.625%   4/1/26  26,250     26,067
  Bay Area Toll Authority Highway Revenue PUT 2.950%   4/1/26   2,635      2,641
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/28  31,970     30,260
6 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 0.300% 1.090%   4/1/27  10,000      9,621
6 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 0.410% 1.200%   4/1/28  11,000     10,559
6 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 0.900% 1.690%   5/1/23  19,000     19,003
6 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 0.900% 1.690%   5/1/23   4,350      4,351
6 Bay Area Toll Authority Highway Revenue PUT, SIFMA Municipal Swap Index Yield + 1.100% 1.890%   4/1/24   6,100      6,127
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/23   5,000      5,140
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/23   7,850      8,069
  Bay Area Toll Authority Highway Revenue, Prere. 5.000%   4/1/23   7,645      7,859
7 Bay Area Water Supply & Conservation Agency Water Revenue 5.000%  10/1/27   2,000      2,195
7 Bay Area Water Supply & Conservation Agency Water Revenue 5.000%  10/1/28   2,500      2,768
7 Bay Area Water Supply & Conservation Agency Water Revenue 5.000%  10/1/29   1,555      1,739
7 Bay Area Water Supply & Conservation Agency Water Revenue 5.000%  10/1/30   1,895      2,140
7 Bay Area Water Supply & Conservation Agency Water Revenue 5.000%  10/1/31   2,010      2,288
7 Bay Area Water Supply & Conservation Agency Water Revenue 5.000%  10/1/32   1,000      1,148
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/26     685        764
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/28   1,000      1,113
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/29     800        888
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 3.000%   9/1/31   1,100      1,109
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/32   1,460      1,620
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 3.250%   9/1/34   1,000      1,011
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/35     835        925
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 3.375%   9/1/36   1,600      1,616
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/37   1,350      1,492
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/38   1,350      1,490
  Berkeley CA GO 3.000%   9/1/31   1,030      1,034
  Berkeley CA GO 3.000%   9/1/34     415        413
  Berkeley CA GO 3.000%   9/1/36     610        593
  Beverly Hills Unified School District CA GO 0.000%   8/1/30     500        394
  Beverly Hills Unified School District CA GO 0.000%   8/1/32   5,000      3,649
  Beverly Hills Unified School District CA GO 0.000%   8/1/33     105         74
  Beverly Hills Unified School District CA GO 3.000%   8/1/38   2,500      2,320
3 Brea Redevelopment Agency Tax Allocation Revenue 0.000%   8/1/29   3,065      2,451
  Brea Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%   8/1/24   5,110      5,291
1 Brentwood Infrastructure Financing Authority Special Assesment Revenue 5.000%   9/2/24   1,000      1,066
1 Brentwood Infrastructure Financing Authority Special Assesment Revenue 5.000%   9/2/25   1,445      1,539
1 Brentwood Infrastructure Financing Authority Special Assesment Revenue 5.000%   9/2/26   2,000      2,128
1 Brentwood Infrastructure Financing Authority Special Assesment Revenue 5.000%   9/2/27   2,375      2,525
1 Brentwood Infrastructure Financing Authority Special Assesment Revenue 5.000%   9/2/29   1,240      1,318
1 Brentwood Infrastructure Financing Authority Special Assesment Revenue 5.000%   9/2/30     750        797
  Brentwood Infrastructure Financing Authority Water Revenue 5.000%   7/1/25     510        541
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/30   1,700      1,746
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/31   1,980      2,029
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/32   2,085      2,131
17

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Brentwood Infrastructure Financing Authority Water Revenue 4.000%   7/1/34   2,210      2,254
8 Burbank Unified School District GO, 4.500% coupon rate effective 8/1/23 0.000%   8/1/32   3,680      3,729
  Burlingame Financing Authority Lease (Abatement) Revenue (Community Center Project) 5.000%   7/1/41   1,290      1,458
  Burlingame School District GO 3.000%   8/1/36     175        170
  Burlingame School District GO 3.000%   8/1/37     155        147
  Burlingame School District GO 3.000%   8/1/38     175        162
  Burlingame School District GO 3.000%   8/1/39     175        161
  Burlingame School District GO 3.000%   8/1/40     235        215
  Burlingame School District GO 3.000%   8/1/41     350        318
  California Community Choice Financing Authority Natural Gas Revenue PUT 4.000%  12/1/27  72,250     74,602
  California Community Choice Financing Authority Natural Gas Revenue PUT 4.000%   8/1/31 116,620    120,720
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/23     525        531
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/24     535        547
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/25     690        709
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/28   1,635      1,694
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/30   1,075      1,104
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/32     875        892
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/33     960        978
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/34     800        814
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/36   1,600      1,624
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.000%   5/1/38   1,500      1,518
9 California Community Housing Agency Local or Guaranteed Housing Revenue 4.000%   2/1/43   6,000      5,324
9 California Community Housing Agency Local or Guaranteed Housing Revenue 5.000%   2/1/50   6,000      5,894
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/22     450        450
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/22     340        340
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/22     400        400
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/22   1,210      1,210
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/23     500        507
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/23   2,400      2,446
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/24   3,840      3,976
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/24     600        624
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/24     480        499
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/24     450        468
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/25     500        529
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/25     350        370
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/25   1,000      1,057
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/26     700        751
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/26     505        541
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/26     225        241
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/27     600        651
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/27     445        483
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/27   1,080      1,171
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/28     480        525
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/28     435        476
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/28     200        219
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/29   1,300      1,435
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/29     600        662
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 1.375%   6/1/30     115        115
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 1.750%   6/1/30     200        200
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/30     655        728
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/30     560        623
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/31     500        554
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/32     500        553
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/32     300        333
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/32     450        500
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/32   1,075      1,194
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/33     245        271
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/33     600        665
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/34     715        730
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/34     825        843
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/34     910        930
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/35     560        571
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/35     500        510
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/37   1,300      1,321
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/37     640        651
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/37   1,000      1,017
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/39   1,150      1,164
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/39     800        810
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/39   1,000      1,013
18

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/39   1,110      1,124
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/40     600        606
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/40     500        505
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/41     485        489
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/42     285        287
  California Department of Water Resources Water Revenue 5.000%  12/1/22   4,895      4,985
  California Department of Water Resources Water Revenue 5.000%  12/1/22   3,250      3,310
  California Department of Water Resources Water Revenue 5.000%  12/1/23   1,450      1,521
  California Department of Water Resources Water Revenue 5.000%  12/1/26   3,010      3,384
  California Department of Water Resources Water Revenue 5.000%  12/1/27   2,985      3,419
  California Department of Water Resources Water Revenue 5.000%  12/1/30   4,000      4,769
  California Department of Water Resources Water Revenue, ETM 5.000%  12/1/22   1,105      1,125
  California Department of Water Resources Water Revenue, ETM 5.000%  12/1/23      55         58
  California Department of Water Resources Water Revenue, ETM 5.000%  12/1/24      30         32
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/22     505        514
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/22   7,750      7,892
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24   2,045      2,200
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24       5          5
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24      10         11
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24   4,075      4,383
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/27     570        654
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/27   1,130      1,296
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/22     125        127
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/22   2,130      2,162
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/22     935        950
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/23     130        136
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/23   1,870      1,955
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/23     200        208
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/24     180        191
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/24     460        483
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/24   2,500      2,660
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/24     875        923
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/25     110        119
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/25   1,375      1,443
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/25   2,365      2,565
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/25     790        846
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/26     475        519
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/26     260        284
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/26     110        121
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/26     595        624
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/26     720        785
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/26   1,960      2,126
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/27     950      1,056
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/27     250        273
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/27     970      1,017
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/27     200        214
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/27     710        772
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/27   1,310      1,437
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/28     300        338
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/28     300        340
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/28   1,240      1,372
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/29     430        489
  California Educational Facilities Authority College & University Revenue 3.000%  10/1/29     115        112
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/29     200        210
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/29   1,085      1,193
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/30     485        540
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/30     435        501
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/30     930      1,016
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/31   1,030      1,104
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/31     555        616
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/31     475        552
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/31     850        952
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/31     100        105
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/31   2,280      2,480
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/32   1,000      1,071
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/32     445        497
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/32   3,170      3,439
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/33   1,545      1,655
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/33     575        630
19

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/33     775        855
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/34   2,625      2,810
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/34     625        683
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/34     905        998
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/34   1,210      1,308
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/35   3,180      3,401
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/35     430        473
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/35     100        104
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/35   1,335      1,442
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/36   1,120      1,230
4 California Educational Facilities Authority College & University Revenue 0.000%  10/1/36   4,585      2,744
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/37     530        580
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/37     885        978
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/37     500        531
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/37   1,765      1,902
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/38     620        682
  California Educational Facilities Authority College & University Revenue 5.000%  3/15/39   2,000      2,489
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/40   1,130      1,232
  California Educational Facilities Authority College & University Revenue 5.250%   4/1/40   5,225      6,721
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/43  10,000     12,700
  California Educational Facilities Authority College & University Revenue, ETM 4.000%   1/1/23   1,800      1,827
  California Educational Facilities Authority College & University Revenue, ETM 4.000%   1/1/24   1,900      1,966
  California Educational Facilities Authority College & University Revenue, ETM 4.000%   1/1/25   1,035      1,087
  California Educational Facilities Authority College & University Revenue, ETM 5.000%  10/1/25   5,125      5,620
  California Educational Facilities Authority College & University Revenue, ETM 5.000%   1/1/26   1,020      1,123
  California Educational Facilities Authority College & University Revenue, Prere. 5.000%   6/1/22   1,195      1,195
  California Educational Facilities Authority College & University Revenue, Prere. 5.000%   6/1/22     380        380
  California Educational Facilities Authority College & University Revenue, Prere. 5.250%   6/1/22   1,150      1,150
  California Educational Facilities Authority College & University Revenue, Prere. 5.000%   9/1/25   1,600      1,751
  California Educational Facilities Authority College & University Revenue, Prere. 4.000%   1/1/26   3,590      3,830
  California Educational Facilities Authority College & University Revenue, Prere. 4.000%   1/1/26   3,350      3,574
  California Educational Facilities Authority College & University Revenue, Prere. 5.000%   1/1/26   1,765      1,944
  California Educational Facilities Authority College & University Revenue, Prere. 5.000%   1/1/26   1,925      2,120
  California Educational Facilities Authority College & University Revenue, Prere. 5.000%   1/1/26   2,000      2,202
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/23     250        256
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/25     305        320
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/27     730        779
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/29     625        673
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/30     290        312
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/35     585        617
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/40     845        884
  California GO 5.000%   9/1/22  12,920     13,047
  California GO 5.250%   9/1/22   6,005      6,068
  California GO 5.000%  11/1/22  31,890     32,391
  California GO 5.000%   2/1/23   5,240      5,367
  California GO 5.000%   8/1/23  11,160     11,607
  California GO 5.000%   8/1/23   3,500      3,640
  California GO 5.000%   9/1/23   7,110      7,171
  California GO 5.000%   9/1/23  10,175     10,608
  California GO 5.000%  10/1/23   3,325      3,475
  California GO 5.000%  10/1/23  12,595     13,162
  California GO 5.000%  10/1/23   1,305      1,364
  California GO 5.000%  10/1/23   6,770      7,075
  California GO 5.000%  11/1/23  20,000     20,948
  California GO 5.000%  11/1/23   2,280      2,388
  California GO 5.000%   4/1/24   2,500      2,646
  California GO 5.000%   8/1/24   1,510      1,609
  California GO 5.000%   8/1/24   1,025      1,092
  California GO 5.000%   9/1/24  10,000     10,076
  California GO 5.000%   9/1/24   1,150      1,228
  California GO 5.000%   9/1/24   5,000      5,339
  California GO 4.000%  10/1/24   8,000      8,361
  California GO 5.000%  11/1/24   2,255      2,418
  California GO 5.500%   2/1/25   8,575      9,356
  California GO 4.000%   3/1/25   1,485      1,561
  California GO 5.000%   3/1/25   1,735      1,874
  California GO 5.000%   4/1/25  38,625     41,806
  California GO 5.000%   8/1/25     150        164
  California GO 5.000%   8/1/25   1,665      1,816
20

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   8/1/25  10,185     11,110
  California GO 5.000%   8/1/25  12,430     13,559
  California GO 5.000%   9/1/25   2,185      2,202
  California GO 5.000%   9/1/25   4,895      5,350
  California GO 5.000%   9/1/25   2,190      2,278
  California GO 4.000%  10/1/25     100        106
  California GO 5.000%  10/1/25     345        368
  California GO 5.000%  10/1/25   2,045      2,240
  California GO 5.000%  11/1/25  14,205     15,196
  California GO 5.000%   3/1/26  11,030     11,903
  California GO 5.000%   4/1/26   5,000      5,533
  California GO 5.000%   4/1/26   2,120      2,346
  California GO 5.000%   8/1/26  15,300     17,055
  California GO 5.000%   8/1/26  20,695     23,068
  California GO 5.000%   8/1/26  21,110     23,531
  California GO 5.000%   8/1/26  20,000     22,294
  California GO 5.000%   9/1/26     720        804
  California GO 5.000%   9/1/26   2,700      2,948
  California GO 5.000%   9/1/26   5,540      6,186
  California GO 5.000%   9/1/26     100        112
  California GO 5.000%  10/1/26  16,445     18,395
  California GO 5.000%  10/1/26  10,085     11,144
  California GO 5.000%  10/1/26   1,385      1,549
  California GO 4.000%  11/1/26   2,540      2,726
  California GO 5.000%  11/1/26   4,705      5,272
  California GO 5.000%  11/1/26   9,160     10,264
  California GO 5.000%   4/1/27   8,575      9,681
  California GO 3.500%   8/1/27  16,345     17,253
  California GO 5.000%   8/1/27  10,515     11,688
  California GO 5.000%   8/1/27   3,160      3,437
  California GO 5.000%   8/1/27     225        256
  California GO 5.000%  10/1/27   8,095      9,220
  California GO 5.000%  10/1/27   8,280      9,127
  California GO 5.000%  10/1/27  10,140     11,550
  California GO 5.000%  11/1/27     100        114
  California GO 5.000%  11/1/27   5,175      5,902
  California GO 5.000%  11/1/27  25,000     28,514
  California GO 5.000%  12/1/27  12,240     13,979
  California GO 5.000%   4/1/28  10,000     11,479
  California GO 5.000%   8/1/28   1,905      2,109
  California GO 5.000%   8/1/28   6,510      7,058
  California GO 5.000%   8/1/28  20,355     22,988
  California GO 4.000%   9/1/28   7,000      7,431
  California GO 5.000%   9/1/28  17,715     19,645
  California GO 5.000%   9/1/28   4,500      5,200
  California GO 5.000%  10/1/28   3,010      3,483
  California GO 5.000%  10/1/28  15,000     17,356
  California GO 5.000%  11/1/28  12,375     14,037
  California GO 5.000%  11/1/28   4,165      4,826
  California GO 5.000%  12/1/28   7,750      8,991
  California GO 3.000%   3/1/29   2,230      2,255
  California GO 5.000%   4/1/29  10,000     11,648
  California GO 5.000%   5/1/29  17,945     18,909
  California GO 5.000%   8/1/29  10,840     11,975
  California GO 5.000%   8/1/29  44,340     48,984
  California GO 5.000%   9/1/29   3,225      3,568
  California GO 5.000%   9/1/29   9,425     10,429
  California GO 5.000%   9/1/29   4,500      5,274
  California GO 5.000%  10/1/29  18,695     20,495
  California GO 5.000%  10/1/29   7,855      9,045
  California GO 5.000%  10/1/29   5,000      5,867
  California GO 5.000%  11/1/29   4,725      4,938
  California GO 5.000%  12/1/29   3,500      4,117
  California GO 5.000%   3/1/30     250        268
  California GO 5.000%   4/1/30   6,240      7,373
  California GO 5.000%   8/1/30  19,935     22,002
  California GO 5.000%   8/1/30   6,555      7,235
  California GO 5.000%   9/1/30   9,180      9,938
  California GO 5.000%   9/1/30   3,400      4,040
21

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%  10/1/30   5,800      6,178
  California GO 5.000%  10/1/30   1,935      2,262
  California GO 4.000%  11/1/30  14,470     15,417
  California GO 5.000%  11/1/30   9,070     10,229
  California GO 5.000%  12/1/30   3,270      3,426
  California GO 5.000%  12/1/30   2,500      2,981
  California GO 5.000%   4/1/31  12,445     14,901
  California GO 5.000%   4/1/31  10,000     11,974
  California GO 5.000%   8/1/31  10,015     10,693
  California GO 5.000%   8/1/31  22,300     24,584
  California GO 5.250%   8/1/31   5,755      6,257
  California GO 5.000%   9/1/31   5,655      6,244
  California GO 5.000%   9/1/31   5,455      6,568
  California GO 5.000%  10/1/31   9,105     10,617
  California GO 4.000%  11/1/31  15,000     15,930
  California GO 5.000%  11/1/31   1,705      1,919
  California GO 5.000%  11/1/31   2,315      2,750
  California GO 5.000%  11/1/31   4,000      4,752
  California GO 5.000%  12/1/31   1,000      1,098
  California GO 5.000%   3/1/32   1,000      1,174
  California GO 5.000%   4/1/32  15,025     18,160
  California GO 5.000%   4/1/32   6,620      8,001
  California GO 4.000%   8/1/32     545        571
  California GO 5.000%   8/1/32   5,000      5,397
1 California GO 5.250%   8/1/32  24,180     29,511
  California GO 5.250%   8/1/32   2,025      2,202
  California GO 4.000%   9/1/32     590        618
  California GO 5.000%   9/1/32  15,110     16,676
  California GO 5.000%   9/1/32   6,000      7,184
  California GO 5.000%  10/1/32  22,325     23,776
  California GO 5.000%  10/1/32  14,000     16,648
  California GO 4.000%  11/1/32  12,175     12,909
  California GO 5.000%  11/1/32   7,080      8,108
  California GO 5.000%  12/1/32   1,000      1,098
  California GO 5.000%   3/1/33   4,395      4,699
  California GO 5.000%   3/1/33   2,500      2,922
  California GO 5.000%   4/1/33     180        208
  California GO 5.000%   4/1/33  13,000     13,663
  California GO 5.000%   4/1/33   2,405      2,901
  California GO 4.000%   8/1/33  15,190     15,892
  California GO 5.000%   8/1/33   1,270      1,398
  California GO 5.000%   8/1/33   3,495      3,705
  California GO 5.000%   8/1/33     515        576
  California GO 4.000%   9/1/33     750        785
  California GO 5.000%   9/1/33  25,075     27,651
  California GO 3.000%  10/1/33   2,150      2,117
  California GO 5.000%  10/1/33   7,000      7,357
  California GO 3.000%  11/1/33   5,000      4,922
  California GO 4.000%  11/1/33  12,500     13,233
  California GO 5.000%   3/1/34   4,000      4,665
  California GO 4.000%   8/1/34  18,290     19,099
  California GO 5.000%   8/1/34   5,160      5,764
  California GO 4.000%   9/1/34   3,400      3,553
  California GO 4.000%   9/1/34  26,130     27,306
  California GO 5.000%   9/1/34     915        989
  California GO 5.000%   9/1/34  21,075     23,224
  California GO 3.000%  10/1/34   1,150      1,125
  California GO 5.000%  10/1/34   9,200      9,791
  California GO 4.000%  11/1/34  10,895     11,508
  California GO 5.000%  11/1/34   4,000      4,711
  California GO 5.000%  12/1/34   5,000      5,896
  California GO 5.000%   3/1/35   5,000      5,796
  California GO 5.000%   4/1/35  40,260     42,283
  California GO 5.000%   4/1/35   7,840      9,381
  California GO 5.000%   4/1/35   4,765      5,396
  California GO 3.500%   8/1/35   1,185      1,193
  California GO 5.000%   8/1/35   9,015      9,907
  California GO 5.000%   8/1/35  10,000     10,775
  California GO 4.000%   9/1/35   3,490      3,631
22

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 5.000%   9/1/35   5,000      5,504
  California GO 3.000%  10/1/35   9,185      8,950
  California GO 5.000%  10/1/35  17,500     19,097
  California GO 3.000%  11/1/35   1,280      1,247
  California GO 4.000%  11/1/35   2,610      2,807
  California GO 5.000%  11/1/35   1,000      1,118
  California GO 5.000%  11/1/35   3,810      4,259
  California GO 5.000%  11/1/35   4,000      4,682
  California GO 5.000%  12/1/35   5,000      5,860
  California GO 4.000%   3/1/36  27,355     29,205
  California GO 5.000%   4/1/36     140        160
  California GO 5.000%   4/1/36  16,375     17,189
  California GO 5.000%   9/1/36  10,705     11,766
  California GO 3.000%  10/1/36   9,000      8,739
  California GO 4.000%  10/1/36   5,000      5,318
  California GO 4.000%  11/1/36   2,295      2,406
  California GO 5.000%  11/1/36   4,180      4,664
  California GO 5.000%  12/1/36   3,035      3,552
  California GO 4.000%   3/1/37  20,500     21,852
  California GO 5.000%   4/1/37  21,895     22,967
  California GO 5.000%   9/1/37     370        406
  California GO 3.000%  10/1/37   8,250      7,985
  California GO 4.000%  10/1/37  11,565     12,291
  California GO 4.000%  10/1/37   5,395      5,794
  California GO 4.000%  10/1/37   5,000      5,370
  California GO 5.000%  10/1/37  22,280     26,384
  California GO 4.000%  11/1/37   5,000      5,355
  California GO 5.000%  11/1/37   7,000      7,921
  California GO 5.000%  11/1/37  10,050     11,197
  California GO 4.000%   3/1/38  17,500     18,623
  California GO 5.000%   4/1/38   1,235      1,404
  California GO 5.000%   4/1/38  10,115     10,603
  California GO 4.000%  11/1/38   9,000      9,621
  California GO 4.000%  10/1/39  18,785     19,900
  California GO 4.000%  10/1/39   1,685      1,803
  California GO 4.000%  11/1/39   6,125      6,536
  California GO 5.000%  11/1/39   6,250      7,033
  California GO 4.000%   3/1/40   9,000      9,547
  California GO 3.000%  11/1/40   2,350      2,216
  California GO 4.000%  11/1/40   2,740      2,919
  California GO 4.000%  10/1/41  27,285     29,101
  California GO 3.000%  11/1/41   1,375      1,289
  California GO 5.000%   4/1/42   5,000      5,505
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/22     875        875
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/22     260        260
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/22     175        176
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/22     365        368
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/22     560        564
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/22   2,250      2,271
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/22   2,450      2,480
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/22   2,075      2,108
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/22   3,500      3,546
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/23     685        705
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/23     305        315
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/23     340        343
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/23     340        353
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/23   1,855      1,868
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/23   2,500      2,612
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/23   1,525      1,548
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/23   1,520      1,542
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/24   3,025      3,134
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/24   1,340      1,414
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/24     320        336
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/24     370        392
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/24   5,000      5,060
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/24     850        907
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24   1,175      1,254
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24   7,410      7,495
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24   1,700      1,724
23

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/25   3,355      3,487
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/25   1,650      1,778
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/25     445        477
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25     500        541
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/25   3,610      3,830
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/25   5,000      5,059
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/25     425        453
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25     135        147
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25     750        817
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25   3,555      3,871
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25   3,025      3,067
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/26   2,280      2,395
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/26   1,000      1,096
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/26     470        513
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26     750        811
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/26     450        455
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/26   2,700      2,858
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26     775        826
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26     250        277
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26   1,000      1,014
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26   6,980      7,588
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/27   1,250      1,388
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/27   5,210      5,443
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/27     275        307
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/27     370        408
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/27     340        359
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27     150        169
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27      25         29
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27     265        298
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27     500        563
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27   4,005      4,041
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27   1,000      1,124
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27     500        529
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27   2,000      2,027
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/28   3,000      3,202
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/28   1,500      1,556
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/28     515        573
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28     880        951
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/28   1,840      1,938
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28     700        797
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28     350        398
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28     700        797
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28   1,250      1,370
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28     875        974
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28     575        607
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/29     540        607
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29     855        923
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/29     500        501
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/29   1,000      1,083
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29     500        575
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29     850        977
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29     165        182
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29   7,250      7,842
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29     875        953
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29   1,750      1,840
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29   8,790      8,858
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/30   1,520      1,684
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/30   2,205      2,344
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/30      95         98
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/30   1,900      2,154
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   8/1/30     210        209
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30   1,730      1,865
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/30   2,015      2,176
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/30   4,000      4,186
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30   1,085      1,250
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30     500        581
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30     615        715
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30   1,200      1,296
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30   1,180      1,276
24

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30   1,500      1,573
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/31   5,930      6,288
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/31   2,085      2,144
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/31   7,990      9,007
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31     870        938
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31   1,300      1,399
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31     235        253
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31   2,200      2,371
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/31   5,000      5,216
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/31   1,000      1,149
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/31     750        881
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/31     600        705
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31   1,935      2,083
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31   1,275      1,377
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31   1,400      1,532
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31     890        930
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.750%   2/1/32   1,205      1,253
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/32   2,610      2,761
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/32   2,765      2,836
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/32   3,040      3,321
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/32   8,360      9,390
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32   1,780      1,913
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32   5,000      5,444
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32     370        395
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/32     500        516
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32     460        502
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32   1,425      1,537
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32   3,170      3,458
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33   3,105      3,400
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33   3,295      3,479
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/33   5,055      5,169
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/33   2,500      2,725
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/33   2,730      3,060
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33   1,790      1,921
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33     620        662
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33     110        119
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/33   5,045      5,238
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/33   1,310      1,499
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33     405        440
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33   3,580      3,855
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34   2,510      2,739
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34   3,310      3,492
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/34   2,730      2,786
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/34     775        840
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/34   2,870      3,210
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/34     820        824
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/34   1,520      1,539
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34   1,890      2,045
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/34   2,250      2,280
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/34   5,650      5,853
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/34   1,020      1,053
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/34     905        934
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/34   1,210      1,378
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34     435        472
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34   4,065      4,373
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34     400        432
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/34     700        726
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35   4,500      4,906
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35   4,020      4,233
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/35   2,910      2,964
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/35   3,500      3,531
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/35  19,100     19,458
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35   3,650      3,886
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/35   8,010      8,112
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/35     240        247
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/35   1,500      1,550
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35   3,200      3,440
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35   5,015      5,427
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35     550        593
25

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35   7,710      8,343
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35   1,595      1,655
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/35     750        828
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/36   3,000      3,262
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36   2,675      2,695
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/36   3,160      3,526
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/36   4,100      4,361
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/36   3,445      3,478
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/36   1,455      1,352
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/36     250        257
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36   3,450      3,697
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36   5,230      5,647
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36   1,050      1,132
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36   6,745      7,282
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/36     760        836
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37   6,000      6,037
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/37   1,360      1,446
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/37   3,500      3,222
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/37   4,995      4,598
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/37     270        277
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37  28,320     30,517
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37   5,285      5,695
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/37     800        829
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/38   4,600      4,620
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/38   2,445      2,493
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/38   3,750      3,411
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/38   3,835      3,488
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/38  25,220     25,758
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/38     365        375
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/38   8,060      8,662
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/38   1,835      1,901
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/39   1,110      1,116
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39     530        531
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/39   2,585      2,642
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/39     775        799
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/39   7,375      6,646
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/39   1,440      1,491
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/40   5,750      5,757
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/40     700        768
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/40   4,890      5,042
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/40     690        698
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/41  16,315     18,596
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 2.125%  11/1/41   5,000      3,828
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/22  40,000     40,557
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/22   5,000      5,070
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 3.000%   3/1/24  12,605     12,747
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  10/1/24     500        512
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 3.000%  8/15/25  10,000     10,226
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 2.000%  10/1/25  10,000      9,754
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/25  15,235     16,435
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/27  25,235     27,979
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29  12,515     14,427
9,10 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB VRDO 0.820%   6/2/22      23         22
10 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 0.620%   6/1/22  11,820     11,820
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/22     200        203
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/23     500        524
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/24     420        451
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/25     485        533
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/22     760        760
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/22     310        310
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/22     805        805
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/23     100        104
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/23   6,690      6,929
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 3.250% 11/15/25      60         62
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25     400        440
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25   1,025      1,127
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25     540        594
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25     170        187
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25   1,005      1,105
26

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/25      20         22
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. PUT 5.000%  10/1/25  23,315     25,447
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  3/20/33  44,782     44,793
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%  1/15/35   6,064      6,136
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%  3/25/35  41,670     42,544
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500% 11/20/35  58,488     56,053
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  8/20/36  40,946     38,180
  California Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%   2/1/38   5,092      4,610
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/26     560        583
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/27     555        579
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/28     500        522
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/29     600        624
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/30     500        519
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/31     795        880
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/32     750        831
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/33     525        580
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%  11/1/35   1,570      1,727
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/36     850        860
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/38   1,785      1,800
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/40   1,935      1,944
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/37   2,500      2,784
  California Infrastructure & Economic Development Bank Electric Power & Light Revenue, Prere. 5.000%   2/1/23   1,505      1,540
  California Infrastructure & Economic Development Bank Electric Power & Light Revenue, Prere. 5.000%   2/1/23  18,770     19,206
  California Infrastructure & Economic Development Bank Electric Power & Light Revenue, Prere. 5.000%   2/1/23      60         61
6 California Infrastructure & Economic Development Bank GO PUT, SIFMA Municipal Swap Index Yield + 0.350% 1.140%   8/1/24   2,500      2,477
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/28   1,105      1,218
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/29     740        814
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/30   1,095      1,204
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/31   1,225      1,347
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/32   1,140      1,253
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/33   1,110      1,219
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 5.000%  5/15/34   2,850      3,127
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 4.000%   8/1/24     525        545
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 4.000%   8/1/25     570        600
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/26     510        564
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/27   1,150      1,293
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/28     580        659
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/29   1,710      1,965
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/31   1,555      1,775
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/32   1,800      2,050
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/34     660        745
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/35   1,000      1,124
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/36   2,500      2,799
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/37   1,365      1,522
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/38   1,260      1,399
  California Infrastructure & Economic Development Bank Lease (Abatement) Revenue 5.000%   8/1/39   2,710      2,995
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/22     455        456
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/23   2,815      2,910
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/23     250        259
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/24     610        644
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/26     800        877
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/26     860        951
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   7/1/27   1,775      1,942
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/27     840        932
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/28     595        658
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   7/1/29     985      1,026
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/29   1,000      1,102
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   9/1/31   1,760      1,846
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000%   9/1/32   2,515      2,756
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   9/1/34     715        729
  California Infrastructure & Economic Development Bank Miscellaneous Revenue 4.000%   9/1/35     750        764
  California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT 0.390%   1/1/24   1,650      1,612
  California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT 3.000%  10/1/26   4,115      4,223
27

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Infrastructure & Economic Development Bank Miscellaneous Revenue, ETM 4.000%  10/1/22   1,000      1,009
  California Infrastructure & Economic Development Bank Miscellaneous Revenue, ETM 5.000%  10/1/22   1,785      1,807
  California Infrastructure & Economic Development Bank Miscellaneous Revenue, ETM 5.000%  10/1/24   1,300      1,392
  California Infrastructure & Economic Development Bank Miscellaneous Revenue, ETM 5.000%  10/1/25   1,525      1,672
  California Infrastructure & Economic Development Bank Miscellaneous Revenue, ETM 5.000%  10/1/26   1,510      1,690
  California Infrastructure & Economic Development Bank Miscellaneous Revenue, Prere. 5.000%  10/1/23     125        131
  California Infrastructure & Economic Development Bank Private Schools Revenue PUT 1.750%   8/1/26  11,560     10,847
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/23   1,150      1,185
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/24   1,300      1,367
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   1/1/25  12,595     13,398
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/25   1,365      1,464
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/26   1,430      1,555
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/26   1,245      1,354
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   7/1/26   4,150      4,526
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/26   1,075      1,124
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/27   1,500      1,673
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   1/1/28   7,905      8,768
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/29   1,500      1,569
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/29  12,000     13,862
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/30  10,060     11,747
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/34   2,285      2,387
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/35   2,000      2,089
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%   5/1/36   2,810      2,902
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%   5/1/37   4,220      4,354
  California Infrastructure & Economic Development Bank Recreational Revenue 4.000%   5/1/38   4,140      4,274
  California Infrastructure & Economic Development Bank Recreational Revenue PUT 1.200%   6/1/28  49,000     43,375
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/22     350        350
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/22     335        339
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/22   1,545      1,568
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/23   1,285      1,318
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/23     625        646
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/23     375        389
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/23     340        352
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/23   1,620      1,692
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/24   1,325      1,393
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/24     410        432
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/24     375        396
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/24     275        290
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/24     550        585
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/25     650        682
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/25   1,180      1,267
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/25   1,000      1,075
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/25     100        101
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/25     305        328
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/25     550        590
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/25     605        656
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/26   1,975      2,101
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/26     375        380
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/26     300        327
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/26     715        780
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/26     635        701
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/27   1,170      1,258
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/27   1,000      1,067
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/27   2,565      2,858
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/27   1,210      1,335
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/27     660        729
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/27     500        534
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/27     680        762
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/28     860        932
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/28   1,140      1,213
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/28   1,020      1,136
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/28     520        570
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/28     700        795
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/28     550        624
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/29     500        538
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/29     660        679
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/29     810        885
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/29     450        500
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/29     500        573
28

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/29     300        344
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/30     785        841
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/30     500        514
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/30     585        637
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/30     225        248
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/30     525        608
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/30     300        347
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/31   1,020      1,087
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/31   2,140      2,324
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/31     225        247
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/31     650        750
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/32     855        908
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/32     120        123
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/32   1,190      1,292
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/32     725        835
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/33     860        910
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/33     120        123
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/33     450        493
  California Municipal Finance Authority College & University Revenue 5.000%  11/1/33     720        824
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/34   1,160      1,226
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/34     150        154
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/34     570        616
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/34   1,225      1,338
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/34     785        813
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/35   3,530      3,697
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/35     160        164
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/35   1,100      1,189
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/35     225        246
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/35     645        665
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/36   1,960      2,067
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/36     175        179
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/36     745        805
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/36   1,250      1,362
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/36   1,000      1,124
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/36     850        875
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/37   1,015      1,069
  California Municipal Finance Authority College & University Revenue 4.000%  10/1/37     170        174
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/37     575        626
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/37     600        672
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/37     375        384
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/38   1,000      1,114
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/38     875        895
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/39     835        929
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/39     530        569
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/39     600        613
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/40     540        550
  California Municipal Finance Authority College & University Revenue 3.000%  10/1/41     970        838
  California Municipal Finance Authority College & University Revenue, Prere. 4.000%   1/1/28   1,400      1,523
  California Municipal Finance Authority College & University Revenue, Prere. 4.000%   1/1/28   1,835      1,996
  California Municipal Finance Authority College & University Revenue, Prere. 5.000%   1/1/28   1,185      1,350
  California Municipal Finance Authority College & University Revenue, Prere. 5.000%   1/1/28     510        581
  California Municipal Finance Authority Electric Power & Light Revenue 5.000%  10/1/24   1,610      1,719
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/22   1,000      1,009
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/23     835        854
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/23   2,465      2,524
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/23   1,000      1,038
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%  12/1/23      50         50
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/24   3,435      3,611
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/24   1,100      1,150
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/24   1,825      1,926
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/24   1,000      1,055
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/24     425        450
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%  12/1/24      55         54
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/25   1,700      1,809
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25   2,350      2,496
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25   1,490      1,583
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/25   1,100      1,180
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/25   1,000      1,073
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/25     845        909
29

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/25     100        102
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/26   2,275      2,447
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26     100        108
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26   2,475      2,693
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/26   1,000      1,088
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/26     475        514
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/26     100        102
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/27   1,625      1,774
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27     710        774
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27   3,820      4,127
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27   1,000      1,102
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27     360        377
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/27     650        707
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/28   1,000      1,087
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/28     775        856
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/28     250        247
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28   1,365      1,477
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28   1,500      1,613
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/28   3,500      3,885
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/28     450        488
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/28     115        123
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/29     825        921
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29   1,520      1,637
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29   1,355      1,434
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/29   1,250      1,351
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/29      50         54
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/30     600        676
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30   1,000      1,071
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30     770        825
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/30   1,600      1,708
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/30     105        114
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/31   1,445      1,642
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31   1,005      1,072
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31   1,000      1,066
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/31   1,950      2,095
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/32   3,660      3,930
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/32     550        630
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32     900        956
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33   3,225      3,459
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/33   1,000      1,143
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33   1,500      1,589
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33   1,030      1,091
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34   4,250      4,552
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/34   1,500      1,711
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34   1,575      1,663
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35   4,675      5,002
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/35   1,010      1,150
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35   2,000      2,106
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/35   1,745      1,837
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/36   1,670      1,718
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/36   5,545      5,929
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36   1,800      1,890
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36   1,900      1,995
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/36   8,960      9,541
9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/36     175        188
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/37   1,785      1,833
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/37   1,700      1,814
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37   1,615      1,692
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/38   3,145      3,215
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/39   1,820      1,852
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/40   2,000      2,027
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/40     225        230
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/41   3,920      3,944
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/42     100         99
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 5.000%  5/15/32     505        552
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 5.000%  5/15/37     250        272
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/26     630        699
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/28     940      1,059
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/30   1,435      1,607
30

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/31   1,380      1,542
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/35   1,475      1,632
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%   2/1/23   1,000      1,024
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%   2/1/24     500        526
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%   2/1/25     650        701
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25     700        755
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25     600        647
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25     750        808
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25   1,895      2,043
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25   3,470      3,740
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25   3,655      3,940
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25   3,835      4,134
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25   4,035      4,349
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25   4,000      4,312
2 California Municipal Finance Authority Intergovernmental Agreement Revenue 5.000%   8/1/31   1,455      1,597
2 California Municipal Finance Authority Intergovernmental Agreement Revenue 5.000%   8/1/36   1,805      1,968
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/22     390        395
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/23     470        487
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/24     495        521
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/25     520        555
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/26     270        292
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/27     285        311
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/28     200        219
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/29     210        231
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 5.000%  11/1/30     220        243
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/31     175        180
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/32     240        245
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/33     250        254
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/34     265        269
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/35     270        273
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/36     210        212
  California Municipal Finance Authority Lease (Non-Terminable) Revenue 4.000%  11/1/41     765        763
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  8/15/22     325        327
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/23   1,250      1,273
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/23     400        413
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  8/15/23     400        413
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/24     735        771
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/25   2,425      2,533
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/25     500        527
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/26   2,550      2,688
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/26     570        608
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/26     400        429
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/27   1,925      2,044
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/27   1,000      1,077
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/27     500        542
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/28   1,385      1,501
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/28   2,400      2,601
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/28     400        437
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29   1,500      1,598
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29   1,000      1,070
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29   1,450      1,572
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29     500        550
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/30   3,045      3,231
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/30     600        663
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  8/15/30   1,000      1,029
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/31   3,000      3,169
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/31   3,820      4,064
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/31     500        555
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/32     500        530
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/33   1,345      1,362
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/33   1,450      1,531
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/34   1,450      1,465
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/35   1,450      1,463
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/35   2,000      2,093
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/35   2,265      2,384
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/35   1,270      1,298
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/36   2,530      2,659
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 2.650%   8/1/36  13,325     12,095
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/37   1,670      1,680
31

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/38   2,300      2,397
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/38     935        980
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/39     500        501
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/40   1,440      1,441
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/41     550        549
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/22     690        693
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/23     150        155
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/24   1,025      1,069
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/26   1,130      1,209
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 5.000%  8/15/31     600        632
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/37   1,000      1,001
9 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/30     520        541
9 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/40   3,035      3,064
  California Municipal Finance Authority Resource Recovery Revenue (Chevron USA Inc. Project) VRDO 0.550%   6/1/22   8,600      8,600
9 California Municipal Finance Authority Resource Recovery Revenue (Waste Management Inc. Project) PUT 1.300%   2/3/25   9,800      9,317
  California Municipal Finance Authority Water Revenue (Anaheim Water System Project) 4.000%  10/1/33   4,390      4,516
  California Municipal Finance Authority Water Revenue (Anaheim Water System Project), Prere. 4.000%   4/1/25   3,955      4,171
  California Municipal Finance Authority Water Revenue (Anaheim Water System Project), Prere. 4.000%   4/1/25   4,220      4,451
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/22     245        247
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/23     290        298
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/24     500        512
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/24     385        396
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/25     440        454
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/25     400        413
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/26     440        458
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/26     415        430
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/27     440        462
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/27     400        415
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/28     450        475
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/28     365        377
9 California Public Finance Authority Health, Hospital, Nursing Home Revenue 2.375% 11/15/28   1,750      1,650
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/29     500        531
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/30     490        523
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/31     520        547
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/35   1,215      1,435
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/36   1,250      1,282
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/37   1,640      1,679
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/37     645        680
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/38   2,320      2,368
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/39   2,400      2,442
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/40   2,500      2,535
7 California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/43  12,000     12,344
9 California Public Finance Authority Health, Hospital, Nursing Home Revenue (Enso Village Project) 2.125% 11/15/27   2,950      2,804
  California Public Finance Authority Health, Hospital, Nursing Home Revenue PUT 4.000% 10/15/31     685        692
10 California Public Finance Authority Health, Hospital, Nursing Home Revenue VRDO 0.520%   6/1/22  23,165     23,165
1 California School Facilities Financing Authority Intergovernmental Agreement Revenue 0.000%   8/1/49  15,000      3,787
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/22     100        100
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/22     175        176
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/22   1,410      1,417
9 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/23     635        644
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/23     100        103
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/23     435        448
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/23     725        747
9 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/24     660        670
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/24     130        136
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/24     455        477
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/24     905        948
9 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/25     685        698
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/25     100        106
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/25     380        404
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/25     330        351
9 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/26     715        729
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/26     105        113
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/26     255        271
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/27     110        120
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/27     530        560
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/27     225        238
9 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/28     770        778
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/28     160        176
32

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/28     280        295
9 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/29     950        958
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/29     330        365
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/29     300        315
9 California School Finance Authority Charter School Aid Revenue 3.000%   7/1/30     365        332
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/30     835        874
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/30     300        314
9 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/31     260        257
9 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/31   3,680      3,516
9 California School Finance Authority Charter School Aid Revenue 2.125%   8/1/31     710        604
7 California School Finance Authority Charter School Aid Revenue 4.500%   7/1/32     875        878
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/32     460        479
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/33     485        505
9 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/34     510        530
9 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/36     325        326
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/36   2,045      2,123
9 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/38     465        442
9 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/40   1,500      1,533
9 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/40   1,000      1,063
9 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/41     775        705
9 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/41   3,985      3,572
9 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/41     530        525
7 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/42   2,125      2,150
9 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/51     125        108
9 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/61     300        248
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/22     335        336
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/23     345        354
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/24     320        332
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/25     150        158
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/26     150        159
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/27     160        171
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/28     190        204
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/35   1,000      1,035
9 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/38   2,000      2,101
9 California School Finance Authority Charter School Aid Revenue (Ivy Academia Project) 3.000%   6/1/31   2,055      1,805
9 California School Finance Authority Charter School Aid Revenue (Ivy Academia Project) 4.000%   6/1/41   1,655      1,455
9 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/24     100        105
9 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/25     105        112
9 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/26     110        119
9 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/27     100        109
9 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/28     100        110
9 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/29     100        111
9 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/30     100        111
9 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 4.000%   7/1/40   1,600      1,575
9 California School Finance Authority Charter School Aid Revenue, ETM 5.000%   8/1/22     135        136
9 California School Finance Authority Charter School Aid Revenue, ETM 5.000%   8/1/23      75         78
9 California School Finance Authority Charter School Aid Revenue, ETM 5.000%   8/1/24     100        106
9 California School Finance Authority Charter School Aid Revenue, ETM 5.000%   8/1/25      25         27
9 California School Finance Authority Charter School Aid Revenue, Prere. 5.000%   8/1/25      25         27
9 California School Finance Authority Charter School Aid Revenue, Prere. 5.000%   8/1/25     205        223
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/26     160        171
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/27     230        248
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/28     215        233
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/29     260        284
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/30     570        622
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/32     765        812
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/33     930        980
  California School Finance Authority Local or Guaranteed Housing Revenue 4.000%  11/1/31   1,000        975
2,9,10 California State Municipal Finance Authority Student Housing Local or Guaranteed Housing Revenue TOB VRDO 0.910%   6/2/22   5,290      5,290
  California State Public Works Board Intergovernmental Agreement Revenue 5.000%  10/1/25      50         53
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/22   9,425      9,425
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/22   3,230      3,261
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/22   6,250      6,328
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/22   5,860      5,933
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/22   1,500      1,519
  California State Public Works Board Lease (Abatement) Revenue 5.000%  12/1/22   1,195      1,217
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/23   3,320      3,425
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/23   3,285      3,429
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/23   2,350      2,453
33

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/24   2,085      2,210
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/24   1,500      1,597
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/24   4,330      4,618
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/24   1,955      2,089
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/25   3,140      3,407
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/25   1,000      1,089
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/26   2,115      2,345
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/26   1,500      1,669
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/26   1,700      1,804
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/27   6,150      6,906
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/27   2,635      2,969
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/27   6,435      7,261
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/27   5,000      5,651
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/27   4,000      4,533
  California State Public Works Board Lease (Abatement) Revenue 5.000%  12/1/27     455        496
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/28   6,750      7,706
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/28   4,000      4,484
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/28   4,625      4,969
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/28   5,000      5,736
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/28   4,000      4,601
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/28  13,840     15,646
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/29  23,850     27,646
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/29   5,235      5,849
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/29   1,175      1,260
  California State Public Works Board Lease (Abatement) Revenue 5.000%   6/1/29   5,305      5,465
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/29  13,750     16,056
  California State Public Works Board Lease (Abatement) Revenue 5.000%  10/1/29  12,260     13,816
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/30  14,510     17,016
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/30   2,435      2,713
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/30   1,250      1,338
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/30  10,500     12,394
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/31  18,200     21,558
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/31  13,890     16,555
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/31   5,000      5,291
1 California State Public Works Board Lease (Abatement) Revenue 3.000%  10/1/31   1,050      1,056
  California State Public Works Board Lease (Abatement) Revenue 5.000%   2/1/32   6,000      7,197
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/32   2,000      2,221
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/32  14,000     16,693
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/32   5,025      5,316
  California State Public Works Board Lease (Abatement) Revenue 5.250%  10/1/32   5,015      5,346
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/33     500        555
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/33   5,250      6,231
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/33   5,000      5,288
  California State Public Works Board Lease (Abatement) Revenue 3.000%  10/1/33     300        292
  California State Public Works Board Lease (Abatement) Revenue 5.250%  10/1/33   3,000      3,198
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/34   2,575      2,854
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/34   7,500      8,882
  California State Public Works Board Lease (Abatement) Revenue 5.000%   9/1/34  19,120     20,215
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/35   2,500      2,952
  California State Public Works Board Lease (Abatement) Revenue 4.500%   9/1/35  25,000     25,766
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/36  11,250     13,266
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/39   3,555      3,783
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/25   1,525      1,559
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/26   1,600      1,636
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/28   1,860      1,902
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/29   2,320      2,373
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/22   1,600      1,625
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/23   2,765      2,852
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/23   1,035      1,051
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/24   2,055      2,087
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/24      10         10
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/25   5,765      6,316
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/25   3,610      3,666
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/26   3,205      3,547
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/26  10,000     11,183
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   4/1/27   5,030      5,604
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/27   3,350      3,780
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/27   5,175      5,763
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/28   2,630      3,037
34

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/28  16,235     18,004
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/29   3,695      4,218
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   4/1/30  14,980     15,802
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/30   1,000      1,177
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/31   1,000      1,188
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   9/1/31   1,010      1,069
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/31   3,805      4,128
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/31   1,650      1,675
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%   5/1/32   1,275      1,517
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  10/1/32   4,520      5,064
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/32   3,965      4,291
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/32  11,465     11,642
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 2.000%  11/1/33   3,815      3,313
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/33   3,250      3,574
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 2.000%  11/1/34   4,025      3,402
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/35     675        718
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/36     625        661
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/36     900        958
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/38   1,125      1,193
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/38     915        952
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/39   1,000      1,052
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/39   1,500      1,588
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/40     750        788
  California State Public Works Board Lease (Abatement) Revenue (Various State Projects), Prere. 5.000%   9/1/22   3,000      3,028
  California State Public Works Board Lease (Abatement) Revenue (Various State Projects), Prere. 5.000%   9/1/22   3,000      3,028
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/24   1,010      1,059
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/25     850        910
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/26   1,060      1,157
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/27   1,265      1,400
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/28   1,345      1,505
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/29   1,055      1,193
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/30   2,785      3,180
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/31   2,565      2,956
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/32   4,695      5,390
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/33   2,350      2,692
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/34   3,170      3,623
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/35   3,120      3,556
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/35  12,610     13,553
7 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/36   3,230      3,674
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/36   3,000      3,200
7 California State Public Works Board Lease (Appropriation) Revenue 4.000%   8/1/37   3,355      3,479
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/37   1,735      1,849
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/38   2,470      2,627
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/39   4,500      4,776
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/40   4,000      4,666
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/41   2,560      2,704
  California State Public Works Board Lease (Appropriation) Revenue (Various Capital Projects) 4.000%  11/1/36   4,430      4,725
  California State University College & University Revenue 5.000%  11/1/22   1,545      1,569
  California State University College & University Revenue 5.000%  11/1/22   2,500      2,539
  California State University College & University Revenue 5.000%  11/1/23   1,500      1,569
  California State University College & University Revenue 5.000%  11/1/26   1,400      1,564
  California State University College & University Revenue 5.000%  11/1/27   2,155      2,349
  California State University College & University Revenue 5.000%  11/1/28   2,635      2,867
  California State University College & University Revenue 5.000%  11/1/28     500        576
  California State University College & University Revenue 5.000%  11/1/30   1,300      1,425
  California State University College & University Revenue 5.000%  11/1/30     600        697
  California State University College & University Revenue 5.000%  11/1/31  10,080     10,946
  California State University College & University Revenue 5.000%  11/1/31   8,350      9,157
  California State University College & University Revenue 5.000%  11/1/31     400        462
  California State University College & University Revenue 5.000%  11/1/32   6,180      6,799
  California State University College & University Revenue 5.000%  11/1/32   5,335      5,850
  California State University College & University Revenue 5.000%  11/1/33   6,270      6,889
  California State University College & University Revenue 5.000%  11/1/33  10,155     11,126
  California State University College & University Revenue 4.000%  11/1/34     665        719
  California State University College & University Revenue 5.000%  11/1/34   5,000      5,487
  California State University College & University Revenue 5.000%  11/1/34   8,560      9,626
  California State University College & University Revenue 4.000%  11/1/35     580        623
  California State University College & University Revenue 5.000%  11/1/35   8,000      8,772
  California State University College & University Revenue 5.000%  11/1/35  13,205     14,308
35

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State University College & University Revenue 5.000%  11/1/35   5,000      5,617
  California State University College & University Revenue 3.125%  11/1/36     100         99
  California State University College & University Revenue 5.000%  11/1/36   1,435      1,572
  California State University College & University Revenue 5.000%  11/1/36   3,050      3,331
  California State University College & University Revenue 5.000%  11/1/36  10,555     11,846
  California State University College & University Revenue 5.000%  11/1/37   3,895      4,266
  California State University College & University Revenue 5.000%  11/1/37  10,465     11,737
  California State University College & University Revenue 5.000%  11/1/38   5,495      6,155
  California State University College & University Revenue 5.000%  11/1/39   1,725      1,958
  California State University College & University Revenue 3.000%  11/1/40   1,720      1,570
  California State University College & University Revenue 5.000%  11/1/41  14,815     16,043
  California State University College & University Revenue PUT 1.600%  11/1/26  27,025     25,737
  California State University College & University Revenue, Prere. 4.000%  11/1/22  10,445     10,563
  California State University College & University Revenue, Prere. 4.000%  11/1/22   6,675      6,751
  California State University College & University Revenue, Prere. 4.000%  11/1/22  17,275     17,471
  California State University College & University Revenue, Prere. 5.000%  11/1/22  20,430     20,745
  California State University College & University Revenue, Prere. 5.000%  11/1/24      80         86
  California State University College & University Revenue, Prere. 5.000%  11/1/24     155        166
  California State University College & University Revenue, Prere. 5.000%  11/1/24     245        262
  California State University College & University Revenue, Prere. 5.000%  11/1/24     125        134
  California State University College & University Revenue, Prere. 5.000%  11/1/24     440        471
  California State University College & University Revenue, Prere. 5.000%  11/1/24   4,920      5,279
  California State University College & University Revenue, Prere. 5.000%  11/1/24   8,745      9,383
  California State University College & University Revenue, Prere. 5.000%  11/1/24  11,735     12,591
  California State University College & University Revenue, Prere. 5.000%  11/1/24   6,050      6,491
  California State University College & University Revenue, Prere. 5.000%  11/1/24   6,160      6,609
  California State University College & University Revenue, Prere. 5.000%  11/1/24     190        203
  California State University College & University Revenue, Prere. 5.000%  11/1/24   6,650      7,135
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/34   8,905      8,805
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/36   9,520      9,251
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/37   9,035      8,549
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/38  12,300     11,473
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/27   1,500      1,622
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/28   1,550      1,675
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/29     900        971
  California Statewide Communities Development Authority Electric Power & Light Revenue 1.450%   4/1/28   8,000      7,112
  California Statewide Communities Development Authority Electric Power & Light Revenue 1.750%   9/1/29  13,015     11,422
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/22     765        771
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/22     225        227
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/23     145        149
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/23     410        421
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/23     525        540
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/23     525        545
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/23     235        239
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/24   1,095      1,153
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/24     200        211
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/24     500        527
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/24     450        475
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/24     760        808
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/24     245        240
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/25     765        815
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/25     410        437
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/25     160        169
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/25     750        801
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/25     100        108
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/25     425        456
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/25   1,100      1,194
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/25     215        208
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/26   1,070      1,154
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/26   1,570      1,705
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/26     460        500
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/26     350        374
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/26     590        642
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26     175        194
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/26   1,345      1,469
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/26   1,090      1,207
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.125%  11/1/26     240        231
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/27   1,925      2,099
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/27     605        663
36

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/27     160        173
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/27   1,455      1,596
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27     205        231
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/27   1,205      1,324
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/27   1,000      1,126
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/27     270        278
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/28   3,000      3,303
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/28   1,100      1,216
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/28     420        453
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/28   1,515      1,680
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/28   1,000      1,076
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28     100        114
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/28     725        795
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28     780        889
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/29   3,290      3,590
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/29   1,925      2,118
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/29     470        505
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/29   1,240      1,390
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/29   1,000      1,080
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/29     365        417
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/29   1,425      1,553
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/29  14,865     15,386
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/30   6,380      6,798
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/30   2,615      2,864
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/30     660        747
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/30   1,900      2,062
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/30     275        313
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/30   1,400      1,521
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/30   2,645      2,881
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/31   1,380      1,506
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/31   1,025      1,161
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/31   2,000      2,181
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/31     920        995
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/31   4,040      4,393
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/32   7,115      7,545
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/32   1,580      1,719
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/32     255        257
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/32     915      1,031
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/32   2,200      2,295
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/32   1,625      1,745
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.250%  8/15/32     700        706
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/33   1,150      1,248
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/33   1,475      1,535
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/33   1,815      1,946
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/33   4,000      4,340
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/34   1,005      1,089
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/34     350        352
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/34     640        718
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/34     715        742
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/34   4,795      5,198
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/35   1,475      1,596
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/35   1,545      1,555
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/35     900        933
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35   1,000      1,083
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36     630        631
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36   2,025      2,073
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36   1,590      1,596
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/36     700        725
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/36     725        775
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/36     200        189
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37     650        647
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/37   1,030      1,065
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/38   2,050      2,087
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/38   3,100      3,074
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/38   2,945      3,039
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39   3,920      3,976
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39   4,500      4,446
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/39   1,530      1,576
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/40   4,250      4,180
37

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/40   1,100      1,131
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/41   2,000      1,958
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/41   1,160      1,191
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/41     550        581
9 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.000%  11/1/24   1,350      1,367
9 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.000%  11/1/29   3,300      3,315
9 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.000%  11/1/34   3,700      3,649
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/22     420        421
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/23     300        310
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/24     300        317
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/25     300        324
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/26     325        358
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/36     590        641
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/37     500        543
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/38     710        770
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Viamonte Senior Living Project) 3.000%   7/1/25   2,500      2,501
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Viamonte Senior Living Project) 3.000%   7/1/26   8,050      8,053
9 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  8/15/24  19,815     20,612
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/27  14,090     15,409
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29  10,000     11,528
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29   5,835      6,726
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/29     240        277
9,10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue TOB VRDO 0.890%   6/2/22   4,875      4,875
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.560%   6/1/22   2,465      2,465
10 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.620%   6/1/22  17,850     17,850
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%   7/1/22     250        251
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%  8/15/22   1,050      1,058
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%  11/1/22     375        381
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%   7/1/23     665        690
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%  11/1/23     275        288
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%   7/1/24     800        851
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, ETM 5.000%  11/1/24     355        379
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/22  11,820     11,913
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.625%  10/1/22     500        507
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 4.000%   7/1/24     395        412
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   1,365      1,452
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   2,150      2,287
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   3,445      3,665
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   3,000      3,192
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   4,660      4,957
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   4,575      4,867
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   4,200      4,468
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   3,790      4,032
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   2,500      2,660
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/24   2,075      2,207
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24     355        379
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24     325        347
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24     750        801
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24   1,310      1,399
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24     700        748
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24   1,040      1,111
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24   1,100      1,175
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  11/1/24   1,690      1,805
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/23   1,250      1,279
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/24   1,250      1,301
9 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/24   2,000      2,003
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/25   2,000      2,112
38

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/26   3,410      3,647
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/27   2,015      2,153
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/28   5,000      5,339
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29   2,000      2,131
9 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/29     900        885
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/32   2,475      2,609
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/33   3,375      3,549
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/34   3,000      3,070
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/34   1,750      1,839
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/35   2,000      2,100
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/36   3,000      3,062
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/37   3,000      3,057
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/38   3,000      3,051
9 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.250%   7/1/39   1,515      1,457
9,10 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue TOB VRDO 1.190%   6/2/22   8,000      8,000
1 California Statewide Communities Development Authority Miscellaneous Revenue, ETM 5.000% 11/15/22     200        203
1 California Statewide Communities Development Authority Miscellaneous Revenue, ETM 5.000% 11/15/24     500        537
1 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24   1,660      1,783
1 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24     900        967
1 California Statewide Communities Development Authority Miscellaneous Revenue, Prere. 5.000% 11/15/24   2,505      2,691
  California Statewide Communities Development Authority Special Tax Revenue 4.000%   9/1/40   1,500      1,458
  Campbell Union High School District GO, Prere. 4.000%   8/1/26   5,000      5,390
  Campbell Union High School District GO, Prere. 5.000%   8/1/26   2,125      2,375
  Campbell Union High School District GO, Prere. 5.000%   8/1/26   2,500      2,794
  Campbell Union High School District GO, Prere. 5.000%   8/1/26   4,095      4,577
  Campbell Union High School District GO, Prere. 5.000%   8/1/26   5,485      6,130
  Carlsbad Unified School District GO 4.000%   5/1/30   5,220      5,544
  Carlsbad Unified School District GO 6.125%   8/1/31     145        181
  Carlsbad Unified School District GO 4.000%   5/1/32     575        604
  Carlsbad Unified School District GO 4.000%   5/1/33     720        755
  Carlsbad Unified School District GO 3.000%   8/1/33     300        298
  Carlsbad Unified School District GO 4.000%   5/1/34     685        716
  Carlsbad Unified School District GO 3.000%   8/1/34     500        495
  Carlsbad Unified School District GO 3.000%   8/1/35   1,100      1,085
  Carlsbad Unified School District GO 3.000%   8/1/35     500        491
  Carlsbad Unified School District GO 3.000%   8/1/36   1,180      1,148
  Carlsbad Unified School District GO 3.000%   8/1/36     500        486
  Carlsbad Unified School District GO 3.000%   8/1/37   1,295      1,226
  Carlsbad Unified School District GO 3.000%   8/1/38   1,415      1,310
  Carlsbad Unified School District GO 3.000%   8/1/39   1,545      1,421
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/22     145        145
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/23     215        223
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/24     160        170
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/25     125        136
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/26     150        166
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/27     225        254
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/28     255        290
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/29     250        289
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/30     300        351
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/31     300        350
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/32     300        349
  Carpinteria Valley Water District Water Revenue 5.000%   7/1/33     350        406
  Carson Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/22   1,130      1,144
  Carson Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/23   1,170      1,220
1 Carson Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%  10/1/22     600        607
  Castro Valley Unified School District GO 4.000%   8/1/33     750        788
  Castro Valley Unified School District GO 4.000%   8/1/34     750        785
  Castro Valley Unified School District GO 4.000%   8/1/35     390        407
  Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/22     100        100
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/24     100        103
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/25     125        131
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/26     125        132
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/27     390        415
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/28     105        112
39

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/29     420        450
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/30     300        321
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/31     375        402
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/32     975      1,036
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/33   1,220      1,283
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/35     405        419
  Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/22     200        201
  Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/23     225        230
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/24     325        336
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/25     300        313
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/26     300        316
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/27     300        318
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/28     250        266
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/29     250        267
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/31     300        320
2 Center Unified School District GO 4.000%   8/1/34     210        218
2 Center Unified School District GO 3.000%   8/1/35     950        927
2 Center Unified School District GO 3.000%   8/1/36     535        509
2 Center Unified School District GO 3.000%   8/1/38   1,310      1,213
2 Center Unified School District GO 3.000%   8/1/40     600        548
1 Centinela Valley Union High School District GO 4.000%   8/1/30   2,390      2,509
1 Centinela Valley Union High School District GO 4.000%   8/1/31   1,885      1,963
1 Centinela Valley Union High School District GO 4.000%   8/1/32   3,355      3,469
1 Centinela Valley Union High School District GO 4.000%   8/1/33   1,410      1,452
1 Centinela Valley Union High School District GO 4.000%   8/1/34   5,465      5,597
  Central Unified School District GO 0.000%   8/1/33     300        204
  Central Unified School District GO 0.000%   8/1/34     300        196
  Central Unified School District GO 0.000%   8/1/35     300        187
  Central Unified School District GO 0.000%   8/1/36     235        141
  Central Unified School District GO 0.000%   8/1/37     500        286
  Cerritos Community College District GO 0.000%   8/1/22     500        499
  Cerritos Community College District GO 0.000%   8/1/23     500        489
  Cerritos Community College District GO 4.000%   8/1/30   3,480      3,577
  Cerritos Community College District GO 4.000%   8/1/32   2,260      2,312
  Chabot-Las Positas Community College District GO 3.000%   8/1/33   1,000        988
  Chabot-Las Positas Community College District GO 4.000%   8/1/33     285        297
  Chabot-Las Positas Community College District GO 4.000%   8/1/33     575        604
  Chabot-Las Positas Community College District GO 3.000%   8/1/34   1,350      1,322
  Chabot-Las Positas Community College District GO 4.000%   8/1/34     625        655
  Chabot-Las Positas Community College District GO 3.000%   8/1/35   1,480      1,437
  Chabot-Las Positas Community College District GO 4.000%   8/1/35     620        647
  Chabot-Las Positas Community College District GO 4.000%   8/1/35   2,000      2,072
  Chabot-Las Positas Community College District GO 3.000%   8/1/37   1,500      1,409
  Chabot-Las Positas Community College District GO 3.000%   8/1/38   3,000      2,778
  Chabot-Las Positas Community College District GO, Prere. 5.000%   8/1/23   2,525      2,624
  Chabot-Las Positas Community College District GO, Prere. 5.000%   8/1/23   7,500      7,795
  Chabot-Las Positas Community College District GO, Prere. 5.000%   8/1/23   7,500      7,795
  Chabot-Las Positas Community College District GO, Prere. 5.000%   8/1/23  13,000     13,512
  Chabot-Las Positas Community College District GO, Prere. 5.000%   8/1/23   1,075      1,117
  Chabot-Las Positas Community College District GO, Prere. 5.000%   8/1/23   2,125      2,209
  Chaffey Community College District GO, Prere. 5.000%   6/1/24     150        159
  Chaffey Community College District GO, Prere. 5.000%   6/1/24   4,700      4,989
  Chaffey Joint Union High School District GO 0.000%   8/1/22     500        499
  Chaffey Joint Union High School District GO 0.000%   8/1/23     600        587
  Chaffey Joint Union High School District GO 0.000%   8/1/24     500        476
  Chaffey Joint Union High School District GO 0.000%   8/1/25     655        604
40

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Chaffey Joint Union High School District GO 0.000%   8/1/26   1,430      1,267
  Chaffey Joint Union High School District GO 0.000%   2/1/27     370        327
  Chaffey Joint Union High School District GO 0.000%   8/1/28   2,000      1,620
  Chaffey Joint Union High School District GO 0.000%   2/1/30     885        706
  Chaffey Joint Union High School District GO 0.000%   2/1/33   1,000        708
  Chaffey Joint Union High School District GO 0.000%   2/1/35     605        395
  Chaffey Joint Union High School District GO 0.000%   2/1/37   1,000        599
  Chaffey Joint Union High School District GO 0.000%   2/1/38     710        406
  Chico CA Sewer Revenue 5.000%  12/1/25     500        548
  Chico CA Sewer Revenue 5.000%  12/1/26     415        464
  Chico CA Sewer Revenue 5.000%  12/1/27     450        512
  Chico CA Sewer Revenue 5.000%  12/1/28     590        682
  Chico CA Sewer Revenue 5.000%  12/1/29     435        508
  Chico Unified School District GO 4.000%   8/1/22     515        517
  Chico Unified School District GO 4.000%   8/1/28     300        326
  Chico Unified School District GO 5.000%   8/1/29     210        227
  Chico Unified School District GO 4.000%   8/1/30     300        326
  Chico Unified School District GO 5.000%   8/1/31     425        459
  Chico Unified School District GO 4.000%   8/1/32     280        300
  Chico Unified School District GO 5.000%   8/1/32     385        416
  Chico Unified School District GO 4.000%   8/1/33     300        321
  Chico Unified School District GO 5.000%   8/1/33     750        809
  Chico Unified School District GO 4.000%   8/1/34     500        532
  Chico Unified School District GO 4.000%   8/1/36   2,025      2,074
  Chico Unified School District GO 3.000%   8/1/38     900        833
  Chico Unified School District GO 3.000%   8/1/39     765        703
  Chico Unified School District GO 3.000%   8/1/40   1,500      1,370
  Chico Unified School District GO 4.000%   8/1/41   1,095      1,136
  Chino Community Facilities District Special Tax Revenue 4.000%   9/1/36   1,530      1,529
1 Chino Public Financing Authority Special Tax Revenue 5.000%   9/1/24     675        715
1 Chino Public Financing Authority Special Tax Revenue 5.000%   9/1/25   1,000      1,083
2 Chino Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/27   1,195      1,270
2 Chino Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/30   1,170      1,240
  Chino Valley Unified School District GO 0.000%   8/1/29     500        396
  Chino Valley Unified School District GO 0.000%   8/1/30     600        455
  Chino Valley Unified School District GO 0.000%   8/1/32     935        649
  Chino Valley Unified School District GO 5.000%   8/1/33     100        117
  Chino Valley Unified School District GO 0.000%   8/1/35   1,400        839
  Chino Valley Unified School District GO 0.000%   8/1/37   1,000        542
  Chino Valley Unified School District GO 0.000%   8/1/38   1,350        693
  Chula Vista Elementary School District GO 2.000%   8/1/26   2,030      1,991
  Chula Vista Elementary School District GO 2.000%   8/1/27   5,315      5,142
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.250%   9/1/24   3,225      3,354
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.500%   9/1/25   3,495      3,637
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.500%   9/1/26   3,685      3,832
  Chula Vista Municipal Financing Authority Special Tax Revenue 5.500%   9/1/27     970      1,008
8 Citrus Community College District GO, 5.000% coupon rate effective 2/1/23, Prere. 0.000%   2/1/24   1,000      1,018
8 Citrus Community College District GO, 5.000% coupon rate effective 2/1/23, Prere. 0.000%   2/1/24   3,150      3,207
2 Clovis CA Sewer Revenue 5.000%   8/1/27   1,090      1,234
2 Clovis CA Sewer Revenue 5.000%   8/1/28   1,000      1,129
2 Clovis CA Sewer Revenue 5.000%   8/1/31   1,380      1,541
2 Clovis CA Sewer Revenue 5.000%   8/1/33   1,780      1,974
2 Clovis CA Sewer Revenue 5.000%   8/1/34   1,000      1,108
2 Clovis CA Sewer Revenue 5.000%   8/1/35   1,000      1,106
2 Clovis CA Sewer Revenue 5.000%   8/1/36   2,170      2,396
2 Clovis CA Sewer Revenue 5.000%   8/1/37   1,265      1,393
4 Clovis Unified School District GO 0.000%   8/1/26     450        404
4 Clovis Unified School District GO 0.000%   8/1/28   3,250      2,725
4 Clovis Unified School District GO 0.000%   8/1/30  12,330      9,615
  Clovis Unified School District GO 0.000%   8/1/32   4,185      3,040
  Clovis Unified School District GO 0.000%   8/1/33   2,700      1,879
  Clovis Unified School District GO 0.000%   8/1/34   2,015      1,343
  Clovis Unified School District GO 0.000%   8/1/35   2,780      1,774
1 Coachella Valley Unified School District GO 0.000%   8/1/39   3,405      1,686
  Coachella Valley Water District (Oasis Project) COP 4.000%   8/1/38   1,505      1,590
  Coachella Valley Water District (Oasis Project) COP 4.000%   8/1/39   1,595      1,682
  Coachella Valley Water District (Oasis Project) COP 4.000%   8/1/40   1,150      1,206
  Coachella Valley Water District (Oasis Project) COP 4.000%   8/1/41   1,700      1,780
  Coast Community College District GO 3.000%   8/1/38   2,500      2,352
41

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Coast Community College District GO, Prere. 0.000%  8/15/25   8,000      5,317
  Coast Community College District GO, Prere. 4.000%  8/15/25      15         16
  Coast Community College District GO, Prere. 5.000%  8/15/25   3,000      3,275
  Coast Community College District GO, Prere. 5.000%  8/15/25      55         60
1 Colton Joint Unified School District GO 5.000%   8/1/23     785        814
2 Colton Joint Unified School District GO 4.000%   8/1/34     940        976
2 Colton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/22   1,215      1,222
  Commerce Community Development Commission Successor Agency Tax Allocation Revenue 5.000%   8/1/22     335        337
1 Commerce Community Development Commission Successor Agency Tax Allocation Revenue 5.000%   8/1/23     605        627
1 Commerce Community Development Commission Successor Agency Tax Allocation Revenue 5.000%   8/1/29   1,595      1,749
2 Compton CA Unified School District COP 4.000%   6/1/22     150        150
2 Compton CA Unified School District COP 4.000%   6/1/23     215        220
2 Compton CA Unified School District COP 4.000%   6/1/24     345        358
2 Compton CA Unified School District COP 5.000%   6/1/25     405        437
2 Compton CA Unified School District COP 5.000%   6/1/26     475        524
2 Compton CA Unified School District COP 5.000%   6/1/27     555        624
2 Compton CA Unified School District COP 5.000%   6/1/28     335        374
2 Compton CA Unified School District COP 5.000%   6/1/29     275        306
2 Compton CA Unified School District COP 5.000%   6/1/31     270        298
2 Compton CA Unified School District COP 5.000%   6/1/32     530        584
2 Compton CA Unified School District COP 4.000%   6/1/33     250        261
2 Compton CA Unified School District COP 4.000%   6/1/34     325        332
2 Compton CA Unified School District COP 4.000%   6/1/35     400        409
2 Compton CA Unified School District COP 4.000%   6/1/36     400        407
2 Compton CA Unified School District COP 4.000%   6/1/38     550        560
2 Compton CA Unified School District COP 4.000%   6/1/39     575        586
2 Compton CA Unified School District GO 5.000%   6/1/25     785        848
2 Compton CA Unified School District GO 5.000%   6/1/26     835        921
2 Compton CA Unified School District GO 5.000%   6/1/27     755        853
2 Compton CA Unified School District GO 5.000%   6/1/28   1,140      1,278
2 Compton CA Unified School District GO 5.000%   6/1/29   1,000      1,119
2 Compton CA Unified School District GO 4.000%   6/1/30   2,200      2,334
2 Compton CA Unified School District GO 4.000%   6/1/31   2,065      2,183
2 Compton CA Unified School District GO 4.000%   6/1/32   1,995      2,097
2 Compton CA Unified School District GO 0.000%   6/1/33   1,010        678
2 Compton Community College District GO, Prere. 5.000%   8/1/25   1,000      1,092
1 Conejo Valley Unified School District GO 0.000%   8/1/22   2,750      2,743
1 Conejo Valley Unified School District GO 0.000%   8/1/23   2,500      2,440
1 Conejo Valley Unified School District GO 0.000%   8/1/24   3,000      2,846
1 Conejo Valley Unified School District GO 0.000%   8/1/25   3,380      3,103
1 Conejo Valley Unified School District GO 0.000%   8/1/26   3,500      3,076
1 Conejo Valley Unified School District GO 0.000%   8/1/27   3,000      2,516
1 Conejo Valley Unified School District GO 0.000%   8/1/28   2,290      1,828
  Conejo Valley Unified School District GO 3.000%   8/1/36   5,000      4,722
  Contra Costa Community College District GO 3.000%   8/1/37   1,370      1,297
  Contra Costa Community College District GO 3.000%   8/1/38   1,100      1,019
  Contra Costa Community College District GO 3.000%   8/1/39   1,000        920
  Contra Costa Community College District GO, Prere. 4.000%   8/1/22   2,350      2,361
  Contra Costa Community College District GO, Prere. 5.000%   8/1/22   1,000      1,006
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue 4.000%   6/1/39   3,265      3,440
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue 4.000%   6/1/40   4,435      4,647
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue 4.000%   6/1/41   1,795      1,878
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue (Capital Project) 5.000%   6/1/22     600        600
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/30   2,000      2,224
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/31   1,310      1,453
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/32   2,010      2,219
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/33   6,060      6,682
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/34     100        107
  Contra Costa Transportation Authority Sales Tax Revenue 5.000%   3/1/34   5,665      6,238
  Contra Costa Transportation Authority Sales Tax Revenue, Prere. 5.000%   3/1/23   1,600      1,642
  Contra Costa Transportation Authority Sales Tax Revenue, Prere. 5.000%   3/1/23   1,800      1,848
  Contra Costa Water District Water Revenue 5.000%  10/1/32     725        864
  Contra Costa Water District Water Revenue 4.000%  10/1/41   1,000      1,047
11 Corona-Norco Unified School District GO 0.000%   8/1/22   1,700      1,696
11 Corona-Norco Unified School District GO 0.000%   8/1/23   1,000        977
11 Corona-Norco Unified School District GO 0.000%   8/1/25   1,325      1,222
11 Corona-Norco Unified School District GO 0.000%   8/1/26   1,530      1,370
11 Corona-Norco Unified School District GO 0.000%   8/1/27   1,500      1,299
11 Corona-Norco Unified School District GO 0.000%   8/1/28   1,290      1,078
42

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Corona-Norco Unified School District GO 5.000%   8/1/32     200        227
  Corona-Norco Unified School District GO 4.000%   8/1/33   2,525      2,631
  Corona-Norco Unified School District GO 4.000%   8/1/33   2,000      2,084
  Corona-Norco Unified School District GO 5.000%   8/1/33     350        396
  Corona-Norco Unified School District GO 4.000%   8/1/34   2,000      2,077
  Corona-Norco Unified School District GO 4.000%   8/1/34   3,000      3,116
  Corona-Norco Unified School District GO 4.000%   8/1/34     350        369
  Corona-Norco Unified School District GO 4.000%   8/1/35     500        526
  Corona-Norco Unified School District GO 4.000%   8/1/36     675        705
  Corona-Norco Unified School District GO 4.000%   8/1/38     800        832
  Corona-Norco Unified School District Public Financing Authority Special Tax Revenue, ETM 5.000%   9/1/23     500        521
  Corona-Norco Unified School District Special Tax Revenue, ETM 5.000%   9/1/23   1,145      1,192
  Corona-Norco Unified School District Special Tax Revenue, Prere. 5.000%   9/1/23   1,325      1,380
  Corona-Norco Unified School District Special Tax Revenue, Prere. 5.000%   9/1/23   2,525      2,629
  Corona-Norco Unified School District Special Tax Revenue, Prere. 5.000%   9/1/23   1,000      1,041
  Corona-Norco Unified School District Special Tax Revenue, Prere. 5.000%   9/1/23   1,590      1,655
2,9,10 Cotati-Rohnert Park Unified School District GO TOB VRDO 0.890%   6/2/22   1,305      1,305
  Covina-Valley Unified School District GO, Prere. 5.000%   8/1/23   2,000      2,078
  Covina-Valley Unified School District GO, Prere. 5.000%   8/1/23   2,250      2,337
9 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.650%  12/1/46  18,800     15,011
9 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.450%   2/1/47   5,805      4,638
9 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 2.800%   3/1/47  16,300     13,024
9 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.350%   4/1/47  10,000      8,531
9 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.500%   5/1/47   2,200      1,942
9 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%   6/1/48   5,000      3,845
9 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%   2/1/57   5,000      3,783
  Cucamonga Valley Water District Financing Authority Water Revenue 5.000%   9/1/24     600        639
  Cucamonga Valley Water District Financing Authority Water Revenue 5.000%   9/1/25     300        327
  Cucamonga Valley Water District Financing Authority Water Revenue 5.000%   9/1/28     440        506
  Cucamonga Valley Water District Financing Authority Water Revenue 5.000%   9/1/29     205        240
  Cucamonga Valley Water District Financing Authority Water Revenue 5.000%   9/1/32     515        613
  Cucamonga Valley Water District Financing Authority Water Revenue 4.000%   9/1/33     360        391
9,10 Culver City CA Unified School District GO TOB VRDO 0.670%   6/1/22  16,750     16,750
  Cupertino CA COP 4.000%   6/1/25     700        738
  Cupertino CA COP 4.000%   6/1/28     700        762
  Cupertino CA COP 4.000%   6/1/30     865        949
  Cupertino Union School District GO 5.000%   8/1/32     480        530
  Cupertino Union School District GO 5.000%   8/1/33     555        612
  Cupertino Union School District GO 5.000%   8/1/34     245        270
  Cupertino Union School District GO, Prere. 5.000%   8/1/23   2,835      2,947
  Cupertino Union School District GO, Prere. 5.000%   8/1/24     100        107
1,7 Davis Joint Unified School District COP 5.000%   8/1/25   3,600      3,916
1,7 Davis Joint Unified School District COP 4.000%   8/1/26   1,230      1,295
2 Davis Joint Unified School District GO 3.000%   8/1/32   4,240      4,241
2 Davis Joint Unified School District GO 3.000%   8/1/33   4,260      4,229
2 Davis Joint Unified School District GO 3.000%   8/1/34   5,555      5,480
2 Davis Joint Unified School District GO 3.000%   8/1/35   3,660      3,580
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/24   1,585      1,592
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/26   1,475      1,477
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/27   1,835      1,835
  Del Mar Race Track Authority Recreational Revenue 5.000%  10/1/29     410        406
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 3.500%  12/1/45   1,885      1,909
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 3.000%  12/1/50   2,380      2,379
  Desert Community College District GO 4.000%   8/1/33     700        754
  Desert Community College District GO 4.000%   8/1/37     300        311
  Desert Community College District GO 4.000%   8/1/39     500        515
  Desert Community College District GO 4.000%   8/1/41   1,090      1,116
  Desert Sands Unified School District GO 5.000%   8/1/35   1,000      1,106
  Desert Sands Unified School District GO 4.000%   8/1/36   1,440      1,504
  Desert Sands Unified School District GO 4.000%   8/1/38   1,500      1,558
  Dixon CA Special Tax Revenue 4.000%   9/1/25     100        103
  Dixon CA Special Tax Revenue 4.000%   9/1/26     170        176
  Dixon CA Special Tax Revenue 4.000%   9/1/27     175        182
  Dixon CA Special Tax Revenue 4.000%   9/1/28     205        213
  Dixon CA Special Tax Revenue 4.000%   9/1/29     130        135
  Dixon CA Special Tax Revenue 4.000%   9/1/30     125        127
  Dixon CA Special Tax Revenue 4.000%   9/1/33     425        427
  Dixon CA Special Tax Revenue 4.000%   9/1/36     200        200
  Dixon CA Special Tax Revenue 4.000%   9/1/40     400        392
43

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Dublin CA Special Tax Revenue 3.000%   9/1/24     235        235
  Dublin CA Special Tax Revenue 3.000%   9/1/26     300        293
  Dublin CA Special Tax Revenue 4.000%   9/1/28     240        247
  Dublin CA Special Tax Revenue 4.000%   9/1/30     305        309
  Dublin CA Special Tax Revenue 4.000%   9/1/31     135        136
  Dublin CA Special Tax Revenue 3.000%   9/1/33     595        528
  Dublin CA Special Tax Revenue 2.375%   9/1/35     590        460
  Dublin CA Special Tax Revenue 2.375%   9/1/36     735        565
  Dublin CA Special Tax Revenue 2.375%   9/1/37     785        597
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/26     425        472
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/31   1,000      1,117
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/33   1,300      1,443
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/34     900        998
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/35     670        741
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/36   1,505      1,661
  Dublin-San Ramon Services District Water Revenue 5.000%   8/1/37   1,100      1,212
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/35   8,455      9,084
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/31   3,975      4,294
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/32   4,015      4,334
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/34   1,855      2,001
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/35   8,170      9,095
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/35   3,215      3,465
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/36   8,075      8,978
7 East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/37   5,900      7,118
7 East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/38   4,000      4,781
2 East Side Union High School District GO 5.000%   8/1/22   1,500      1,510
2 East Side Union High School District GO 5.000%   8/1/24   1,005      1,070
2 East Side Union High School District GO 5.000%   8/1/25   1,150      1,252
1 East Side Union High School District GO 0.000%   8/1/27     300        260
2 East Side Union High School District GO 5.000%   8/1/27   1,150      1,305
  East Side Union High School District GO 2.000%   8/1/28   7,260      6,981
  East Side Union High School District GO 2.000%   8/1/29   7,880      7,453
1 East Side Union High School District GO 3.000%   8/1/29   3,300      3,340
  East Side Union High School District GO 2.000%   8/1/30   6,640      6,171
1 East Side Union High School District GO 3.000%   8/1/30   7,255      7,303
  East Side Union High School District GO 2.000%   8/1/31   6,970      6,321
1 East Side Union High School District GO 3.000%   8/1/31   7,945      7,979
  East Side Union High School District GO 2.000%   8/1/32   7,320      6,491
1 East Side Union High School District GO 3.000%   8/1/32   3,000      3,001
  East Side Union High School District GO 4.000%   8/1/33   1,425      1,485
  East Side Union High School District GO 3.750%   8/1/35     250        254
1 East Side Union High School District GO 3.000%   8/1/36   6,945      6,755
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/27     300        339
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/29     300        350
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/29   2,590      2,859
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/30     395        467
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/30   2,555      2,817
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/32   4,990      5,499
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/33   4,805      5,293
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/40     500        535
  Eastern Municipal Water District Financing Authority Water Revenue, Prere. 5.000%   7/1/26     110        122
  Eastern Municipal Water District Financing Authority Water Revenue, Prere. 5.000%   7/1/26     100        111
  Eastern Municipal Water District Financing Authority Water Revenue, Prere. 5.000%   7/1/26     195        216
  Eastern Municipal Water District Financing Authority Water Revenue, Prere. 5.000%   7/1/26     205        227
  Eastern Municipal Water District Financing Authority Water Revenue, Prere. 5.000%   7/1/26     195        216
  Eastern Municipal Water District Water Revenue 5.000%   7/1/22   1,045      1,048
  Eastern Municipal Water District Water Revenue 5.000%   7/1/26   1,050      1,164
  Eastern Municipal Water District Water Revenue 5.000%   7/1/28   1,890      2,090
  Eastern Municipal Water District Water Revenue 5.000%   7/1/29   3,650      4,029
  Eastern Municipal Water District Water Revenue 5.000%   7/1/32   2,580      2,843
  Eastern Municipal Water District Water Revenue 5.000%   7/1/33   3,805      4,191
  Eastern Municipal Water District Water Revenue 5.000%   7/1/35   4,970      5,461
  Eastern Municipal Water District Water Revenue 5.000%   7/1/36   2,310      2,534
  Eastern Municipal Water District Water Revenue VRDO 0.550%   6/1/22  18,350     18,350
  El Camino Community College District Foundation GO 0.000%   8/1/29   8,110      6,518
  El Camino Community College District Foundation GO 0.000%   8/1/32  10,000      7,131
  El Camino Community College District Foundation GO 0.000%   8/1/33   3,500      2,395
  El Camino Community College District Foundation GO 5.000%   8/1/34   1,100      1,212
  El Camino Healthcare District GO 4.000%   8/1/33   3,045      3,140
44

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  El Dorado County CA Special Tax Revenue 4.000%   9/1/28   1,980      1,988
  El Dorado County CA Special Tax Revenue 4.000%   9/1/31     690        692
  El Dorado Irrigation District COP 5.000%   3/1/31     445        518
  El Dorado Irrigation District COP 5.000%   3/1/32     340        394
  El Dorado Irrigation District COP 5.000%   3/1/33     325        374
1 El Dorado Irrigation District Water Revenue, Prere. 5.000%   3/1/24   8,460      8,929
1 El Dorado Irrigation District Water Revenue, Prere. 5.000%   3/1/24   1,500      1,583
1 El Dorado Union High School District GO 5.000%   8/1/34   2,195      2,433
1 El Dorado Union High School District GO 5.000%   8/1/35   2,280      2,521
  El Monte Union High School District GO 4.000%   6/1/31     100        106
  El Monte Union High School District GO 4.000%   6/1/32     185        195
  El Monte Union High School District GO 4.000%   6/1/33     285        299
  El Monte Union High School District GO 4.000%   6/1/34     345        361
  El Monte Union High School District GO 4.000%   6/1/35     400        417
  El Monte Union High School District GO 4.000%   6/1/36     705        731
  El Monte Union High School District GO 4.000%   6/1/37     810        839
  El Monte Union High School District GO 4.000%   6/1/38     725        749
  El Monte Union High School District GO 4.000%   6/1/39   1,030      1,063
  El Monte Union High School District GO 4.000%   6/1/40   1,515      1,558
  El Monte Union High School District GO 4.000%   6/1/41   1,740      1,788
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 5.000%   6/1/29     780        905
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 5.000%   6/1/33     770        925
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 5.000%   6/1/35     500        596
  Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/22     425        429
2 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/33   2,000      2,157
2 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/34   3,970      4,278
2 Elk Grove Finance Authority Special Tax Revenue 5.000%   9/1/35   3,735      4,021
2 Elk Grove Unified School District COP 3.000%   2/1/37     700        671
  Elk Grove Unified School District GO 5.000%   8/1/28   3,935      4,524
  Elk Grove Unified School District GO 5.000%   8/1/29   4,000      4,668
  Elk Grove Unified School District GO 5.000%   8/1/30   1,635      1,806
  Elk Grove Unified School District GO 5.000%   8/1/31   1,940      2,143
9,10 Elk Grove Unified School District GO TOB VRDO 0.660%   6/1/22   5,480      5,480
  Encinitas CA Special Tax Revenue, Prere. 5.000%   9/1/22     965        974
  Encinitas CA Special Tax Revenue, Prere. 5.000%   9/1/22     770        777
  Escondido CA GO 5.000%   9/1/22     765        772
  Escondido CA GO 5.000%   9/1/23   2,030      2,114
  Escondido CA GO 5.000%   9/1/25   1,000      1,089
11 Escondido Union High School District GO 0.000%   8/1/26   2,740      2,454
11 Evergreen School District GO 0.000%   8/1/26   2,200      1,982
  Evergreen School District GO 4.000%   8/1/34   1,070      1,102
  Evergreen School District GO 4.000%   8/1/35     335        352
  Evergreen School District GO 4.000%   8/1/37   1,050      1,096
11 Fairfield CA COP 0.000%   4/1/34     940        626
  Fairfield Community Facilities District Special Tax Revenue 4.000%   9/1/36     545        545
  Fairfield Community Facilities District Special Tax Revenue 4.000%   9/1/41   1,145      1,109
  Fairfield-Suisun Unified School District GO 4.000%   8/1/28   1,750      1,905
  Fairfield-Suisun Unified School District GO 4.000%   8/1/33   3,015      3,141
  Fairfield-Suisun Unified School District GO 2.000%   8/1/34   5,195      4,426
  Fairfield-Suisun Unified School District GO 4.000%   8/1/34   3,290      3,417
  Fairfield-Suisun Unified School District GO 2.000%   8/1/35   5,500      4,570
  Fairfield-Suisun Unified School District GO 2.000%   8/1/36   5,770      4,667
  Fairfield-Suisun Unified School District GO 2.000%   8/1/37   6,095      4,834
12 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 3.350% 11/25/33   7,690      7,834
12 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 3.050%  4/15/34   4,775      4,590
12 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 2.350% 12/15/35  14,300     12,491
12 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 1.896% 11/25/37  16,741     13,905
  Folsom Ranch Financing Authority Special Tax Revenue 3.000%   9/1/22     100        100
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/25     100        103
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/27      75         77
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/27   1,000      1,069
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/28     150        154
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/29     170        174
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/30     100        102
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/31     100        101
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/32     100        101
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/32   1,820      1,954
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/34     115        115
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/35     185        185
45

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/36     200        199
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/37     215        214
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/38     230        227
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/39     165        162
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/40     170        166
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/41     180        174
  Fontana CA Special Tax Revenue 3.000%   9/1/22     440        441
  Fontana CA Special Tax Revenue 3.000%   9/1/22     420        421
  Fontana CA Special Tax Revenue 3.000%   9/1/23     205        206
  Fontana CA Special Tax Revenue 3.000%   9/1/24     465        465
  Fontana CA Special Tax Revenue 3.000%   9/1/25     250        247
  Fontana CA Special Tax Revenue 4.000%   9/1/25     480        496
  Fontana CA Special Tax Revenue 4.000%   9/1/26     500        519
  Fontana CA Special Tax Revenue 4.000%   9/1/26     110        113
  Fontana CA Special Tax Revenue 5.000%   9/1/26   1,725      1,803
  Fontana CA Special Tax Revenue 4.000%   9/1/27     265        275
  Fontana CA Special Tax Revenue 5.000%   9/1/27   1,810      1,887
  Fontana CA Special Tax Revenue 4.000%   9/1/28     270        281
  Fontana CA Special Tax Revenue 5.000%   9/1/28   1,900      1,977
  Fontana CA Special Tax Revenue 4.000%   9/1/29     270        276
  Fontana CA Special Tax Revenue 4.000%   9/1/30     280        283
  Fontana CA Special Tax Revenue 4.000%   9/1/30     140        142
  Fontana CA Special Tax Revenue 4.000%   9/1/31     200        202
  Fontana CA Special Tax Revenue 4.000%   9/1/32     250        252
  Fontana CA Special Tax Revenue 4.000%   9/1/33     410        412
  Fontana CA Special Tax Revenue 4.000%   9/1/36     550        550
  Fontana CA Special Tax Revenue 4.000%   9/1/40     625        608
  Fontana Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/30   1,200      1,348
  Foothill-De Anza Community College District COP, Prere. 4.000%  10/1/24     500        524
4,13 Foothill-De Anza Community College District GO 0.000%   8/1/32  17,000     12,455
  Foothill-De Anza Community College District GO 3.000%   8/1/33     600        599
3 Foothill-De Anza Community College District GO 0.000%   8/1/34  12,995      8,806
  Foothill-De Anza Community College District GO 3.000%   8/1/35   1,000        987
3 Foothill-De Anza Community College District GO 0.000%   8/1/36   3,245      2,029
  Foothill-De Anza Community College District GO 3.000%   8/1/38   1,000        948
  Foothill-De Anza Community College District GO 2.125%   8/1/39   1,165        921
  Foothill-De Anza Community College District GO 3.000%   8/1/39   1,875      1,767
  Foothill-De Anza Community College District GO 2.125%   8/1/40   1,000        773
  Foothill-De Anza Community College District GO 3.000%   8/1/40   1,500      1,405
  Foothill-De Anza Community College District GO 2.250%   8/1/41   1,000        781
1 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/23  16,430     16,230
1 Foothill-Eastern Transportation Corridor Agency Highway Revenue 0.000%  1/15/24   1,880      1,807
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/26     345        368
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/27     400        432
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/28     700        763
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/29     390        428
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/30     445        492
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/31     445        494
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/32   1,240      1,267
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/33   1,395      1,430
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/33   8,081      8,289
  Foothill-Eastern Transportation Corridor Agency Highway Revenue PUT 5.500%  1/15/23  30,380     30,530
1,8 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.300% coupon rate effective 1/15/24 0.000%  1/15/29   2,000      2,106
1,8 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.500% coupon rate effective 1/15/24 0.000%  1/15/31   1,000      1,086
8 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.700% coupon rate effective 1/15/24 0.000%  1/15/25   2,130      2,091
8 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.800% coupon rate effective 1/15/24 0.000%  1/15/26   3,000      3,018
8 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 5.900% coupon rate effective 1/15/24 0.000%  1/15/27   5,000      5,148
  Foster City CA GO 4.000%   8/1/32     275        291
  Foster City CA GO 3.000%   8/1/33     500        499
  Foster City CA GO 3.000%   8/1/34     600        597
  Foster City CA GO 3.000%   8/1/35     635        630
  Foster City CA GO 4.000%   8/1/36     600        630
  Foster City CA GO 3.000%   8/1/38     950        922
  Foster City CA GO 3.000%   8/1/40     830        771
1 Franklin-Mckinley School District GO 0.000%   8/1/32   3,000      2,055
1 Franklin-Mckinley School District GO 0.000%   8/1/35   1,840      1,104
  Fremont CA Unified School District/Alameda County GO 2.000%   8/1/36     370        297
  Fremont CA Unified School District/Alameda County GO 2.000%   8/1/37   4,425      3,504
  Fremont CA Unified School District/Alameda County GO 2.000%   8/1/38   6,550      5,111
46

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Fremont CA Unified School District/Alameda County GO 2.000%   8/1/39   6,890      5,260
  Fremont CA Unified School District/Alameda County GO, Prere. 4.000%   8/1/24   1,070      1,118
  Fremont CA Unified School District/Alameda County GO, Prere. 4.000%   8/1/24   1,415      1,479
  Fremont CA Unified School District/Alameda County GO, Prere. 4.000%   8/1/24   1,790      1,871
  Fremont CA Unified School District/Alameda County GO, Prere. 4.000%   8/1/24   2,195      2,294
  Fremont CA Unified School District/Alameda County GO, Prere. 4.000%   8/1/24   2,630      2,748
  Fremont CA Unified School District/Alameda County GO, Prere. 4.000%   8/1/24   3,105      3,245
  Fremont Public Financing Authority Lease (Abatement) Revenue 4.000%  10/1/37   2,040      2,145
  Fremont Public Financing Authority Lease (Abatement) Revenue 4.000%  10/1/38   2,945      3,082
  Fremont Union High School District GO 4.000%   8/1/32   1,000      1,025
  Fremont Union High School District GO 4.000%   8/1/34   2,085      2,133
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/23   2,610      2,683
  Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/23     395        406
  Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/24     415        437
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/25   1,600      1,721
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/25     435        468
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/26   1,650      1,813
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/26     455        500
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/27   1,315      1,473
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/27     380        426
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/28   1,495      1,660
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/28     400        454
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/29   1,025      1,135
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/29     400        460
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/30     745        822
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/30     430        500
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/31   3,045      3,353
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/31     455        525
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/32   1,500      1,649
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/32     485        551
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/33     500        567
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/34     500        517
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/34   2,460      2,701
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/35     550        568
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/36     555        571
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/36   2,055      2,251
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/37     655        673
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/37   1,200      1,313
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/38     585        601
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/39     620        637
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/40     550        560
  Fresno Unified School District GO 4.000%   8/1/28     385        418
  Fresno Unified School District GO 4.000%   8/1/29     550        595
  Fresno Unified School District GO 4.000%   8/1/30     570        613
  Fresno Unified School District GO 4.000%   8/1/31     485        520
  Fresno Unified School District GO 4.000%   8/1/32     385        409
  Fresno Unified School District GO 3.000%   8/1/33   1,000        993
  Fresno Unified School District GO 4.000%   8/1/33     665        705
  Fresno Unified School District GO 3.000%   8/1/34   1,815      1,796
  Fresno Unified School District GO 4.000%   8/1/34     450        475
  Fresno Unified School District GO 3.000%   8/1/35     985        967
  Fresno Unified School District GO 3.000%   8/1/35   1,600      1,570
  Fresno Unified School District GO 4.000%   8/1/35     150        155
  Fresno Unified School District GO 4.000%   8/1/36     670        704
  Fresno Unified School District GO 3.000%   8/1/37   1,125      1,084
  Fresno Unified School District GO 3.000%   8/1/38   1,260      1,176
  Fresno Unified School District GO 4.000%   8/1/38   1,000      1,045
  Fresno Unified School District GO 4.000%   8/1/39   1,615      1,686
  Fresno Unified School District GO 3.000%   8/1/40   1,780      1,599
  Fresno Unified School District GO 4.000%   8/1/41   1,955      2,029
  Fullerton Community Facilities District No. 1 Special Tax Revenue, Prere. 5.000%   9/1/22   1,000      1,009
  Fullerton Community Facilities District No. 1 Special Tax Revenue, Prere. 5.000%   9/1/22   1,600      1,615
2 Fullerton Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   9/1/25   1,500      1,585
2 Fullerton Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   9/1/26   3,260      3,482
2 Fullerton Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   9/1/27   3,225      3,481
  Gavilan Joint Community College District GO 5.000%   8/1/32   4,200      4,533
  Gavilan Joint Community College District GO 3.000%   8/1/37   1,000        947
  Gavilan Joint Community College District GO 3.000%   8/1/38   1,365      1,270
  Gavilan Joint Community College District GO 3.000%   8/1/39   1,480      1,368
47

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Gavilan Joint Community College District GO 3.000%   8/1/40   1,605      1,474
  Gilroy School Facilities Financing Authority Miscellaneous Revenue, Prere. 5.000%   8/1/23   2,400      2,494
  Gilroy Unified School District GO 4.000%   8/1/37     400        418
  Gilroy Unified School District GO 4.000%   8/1/38     485        504
  Gilroy Unified School District GO 4.000%   8/1/41     400        413
  Glendale CA Community College District GO 0.000%   8/1/24     235        221
  Glendale CA Community College District GO 0.000%   8/1/25     365        332
  Glendale CA Community College District GO 0.000%   8/1/26     360        317
  Glendale CA Community College District GO 0.000%   8/1/27     515        437
  Glendale CA Community College District GO 0.000%   8/1/28     780        636
  Glendale CA Community College District GO 0.000%   8/1/29     570        447
  Glendale CA Community College District GO 0.000%   8/1/30     910        685
  Glendale CA Community College District GO 0.000%   8/1/31     900        650
  Glendale CA Community College District GO 0.000%   8/1/32   1,005        699
  Glendale CA Electric Power & Light Revenue 5.000%   2/1/35   1,210      1,309
  Glendale CA Unified School District GO, Prere. 4.000%   9/1/24   6,345      6,640
  Glendale CA Unified School District GO, Prere. 4.000%   9/1/24  14,310     14,975
2 Glendale Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  12/1/22   1,575      1,596
2 Glendale Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  12/1/23   2,340      2,416
2 Glendale Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  12/1/24   1,605      1,717
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 5.000%   6/1/22   3,670      3,670
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 5.000%   6/1/23   8,000      8,275
3 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/24   4,800      4,609
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 5.000%   6/1/25   8,570      9,322
1 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/26   1,500      1,370
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 5.000%   6/1/26  23,795     26,498
3 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/27  10,745      9,541
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 5.000%   6/1/27  24,625     28,006
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/23   9,575      9,904
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 3.250%   6/1/25     250        259
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 4.000%   6/1/25   5,180      5,484
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 4.000%   6/1/25   1,170      1,239
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/25   9,760     10,616
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/25   3,260      3,546
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/25   3,695      4,019
1 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/25   7,375      8,022
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/25     455        495
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/25     345        375
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/27   5,285      6,011
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/28  19,835     23,018
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/28   4,700      5,454
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/28   6,195      7,189
  Grossmont Union High School District GO 5.000%   8/1/22   1,275      1,283
1 Grossmont Union High School District GO 0.000%   2/1/25   1,400      1,306
1 Grossmont Union High School District GO 0.000%   8/1/26   2,040      1,789
  Grossmont Union High School District GO 0.000%   8/1/27   2,545      2,184
1 Grossmont Union High School District GO 0.000%   8/1/27   2,825      2,364
  Grossmont Union High School District GO 0.000%   8/1/28   3,210      2,650
1 Grossmont Union High School District GO 0.000%   8/1/28   2,905      2,310
  Grossmont Union High School District GO 0.000%   8/1/29   6,965      5,527
4 Grossmont Union High School District GO 0.000%   8/1/30  20,695     15,780
  Grossmont Union High School District GO 4.000%   8/1/33  10,000     10,322
11 Grossmont-Cuyamaca Community College District GO 0.000%   8/1/25  14,010     12,975
11 Grossmont-Cuyamaca Community College District GO 0.000%   8/1/28  21,875     18,422
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/34     505        570
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/35     500        562
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/36   1,150      1,291
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/37   1,175      1,316
  Grossmont-Cuyamaca Community College District GO 4.000%   8/1/38     300        317
  Grossmont-Cuyamaca Community College District GO 5.000%   8/1/38   1,350      1,510
  Grossmont-Cuyamaca Community College District GO 4.000%   8/1/39     570        601
  Grossmont-Cuyamaca Community College District GO 4.000%   8/1/41     625        654
1 Hanford Joint Union High School District GO 5.000%   8/1/26   1,420      1,544
1 Hanford Joint Union High School District GO 5.000%   8/1/28   2,575      2,787
1 Hanford Joint Union High School District GO 5.000%   8/1/29   2,390      2,587
1 Hanford Joint Union High School District GO 5.000%   8/1/31   2,385      2,576
  Hartnell CA Community College District GO 5.000%   8/1/22     525        528
  Hartnell CA Community College District GO 0.000%   8/1/37   1,200        660
  Hartnell CA Community College District GO 4.000%   8/1/37     600        626
48

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Hartnell CA Community College District GO 3.000%   8/1/38     380        360
  Hartnell CA Community College District GO 3.000%   8/1/39     915        848
  Hartnell CA Community College District GO 3.000%   8/1/40     525        482
  Hayward Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/27   2,000      2,197
  Hayward Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/33   1,205      1,309
1 Hayward Unified School District GO 0.000%   8/1/26     640        574
1 Hayward Unified School District GO 5.000%   8/1/33     850        972
1 Hayward Unified School District GO 0.000%   8/1/34     150         99
2 Hayward Unified School District GO 4.000%   8/1/35   1,830      1,898
2 Hayward Unified School District GO 4.000%   8/1/36   1,535      1,586
1 Hayward Unified School District GO 4.000%   8/1/36     995      1,033
2 Hayward Unified School District GO 4.000%   8/1/37   1,355      1,399
1 Hayward Unified School District GO 4.000%   8/1/37     815        845
2 Hayward Unified School District GO 4.000%   8/1/38   1,640      1,691
1 Hayward Unified School District GO 4.000%   8/1/38   1,540      1,595
2 Hayward Unified School District GO 4.000%   8/1/38   1,000      1,044
1 Hayward Unified School District GO 4.000%   8/1/39   3,995      4,131
2 Hayward Unified School District GO 4.000%   8/1/39   1,125      1,172
1 Hayward Unified School District GO 4.000%   8/1/40   4,435      4,580
2 Hayward Unified School District GO 4.000%   8/1/40   1,345      1,399
2 Hayward Unified School District GO 4.000%   8/1/41   1,350      1,402
2 Hayward Unified School District GO 4.000%   8/1/42   1,325      1,373
1 Hayward Unified School District GO, Prere. 5.000%   8/1/24   3,465      3,690
1 Hayward Unified School District GO, Prere. 5.000%   8/1/24   4,240      4,516
1 Hayward Unified School District GO, Prere. 5.000%   8/1/24   3,045      3,243
1 Hayward Unified School District GO, Prere. 5.000%   8/1/24   4,930      5,251
1 Hayward Unified School District GO, Prere. 5.000%   8/1/24   1,500      1,598
1 Hayward Unified School District GO, Prere. 5.000%   8/1/24   1,700      1,811
1 Hayward Unified School District GO, Prere. 5.000%   8/1/24   6,130      6,529
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/22     500        504
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/23     500        517
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/24     615        648
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/25     385        409
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/27     950      1,004
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/29   1,255      1,315
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/32     550        573
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/33     580        604
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/34     360        374
1 Hemet Unified School District GO 3.000%   8/1/32   1,205      1,190
1 Hemet Unified School District GO 3.000%   8/1/33   1,310      1,282
1 Hemet Unified School District GO 3.000%   8/1/34   1,330      1,296
1 Hemet Unified School District GO 3.000%   8/1/35   1,535      1,490
1 Hemet Unified School District GO 3.000%   8/1/36   1,660      1,579
1 Hemet Unified School District GO 3.000%   8/1/38   1,925      1,797
1 Hemet Unified School District GO 3.000%   8/1/40   2,220      2,011
1 Hemet Unified School District GO 3.000%   8/1/41   2,380      2,142
2 Hollister Redevelopment Agency Successor Agency Tax Allocation Revenue (Hollister Community Development Project) 5.000%  10/1/27   1,000      1,063
2 Hollister Redevelopment Agency Successor Agency Tax Allocation Revenue (Hollister Community Development Project) 5.000%  10/1/29   1,480      1,571
4 Huntington Beach Union High School District GO 0.000%   8/1/31   1,000        745
4 Huntington Beach Union High School District GO 0.000%   8/1/33     625        431
1,13 Huntington Beach Union High School District GO 0.000%   8/1/34     720        478
2 Imperial Community College District GO 0.000%   8/1/22     175        175
2 Imperial Community College District GO 0.000%   8/1/23     250        244
2 Imperial Community College District GO 0.000%   8/1/24     500        474
2 Imperial Community College District GO 0.000%   8/1/25     725        667
2 Imperial Community College District GO 0.000%   8/1/26   1,005        896
2 Imperial Community College District GO 0.000%   8/1/27   1,580      1,359
2 Imperial Community College District GO 0.000%   8/1/28   1,885      1,559
2 Imperial Community College District GO 0.000%   8/1/29   2,000      1,588
4 Imperial Community College District GO 0.000%   8/1/30     330        253
11 Imperial Community College District GO 0.000%   8/1/33   1,210        820
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/22     525        533
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/22   1,250      1,269
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/27     500        551
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/28     615        676
  Imperial Irrigation District Electric System Electric Power & Light Revenue 4.000%  11/1/32   2,500      2,637
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/41   3,905      4,371
49

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/22     155        155
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/23     180        183
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/24     200        206
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/25     170        177
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/26     185        194
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/27     185        195
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/28     270        286
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/29     305        324
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/30     285        304
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/31     220        235
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/36     600        619
1,9 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/41   1,045      1,067
1 Indian Wells Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/22   1,195      1,206
1 Indian Wells Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/23     750        780
1 Indian Wells Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/24     715        760
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/23   1,130      1,164
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/25   1,600      1,727
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/27     500        561
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/29   1,215      1,359
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/30   1,020      1,137
2 Inglewood Unified School District GO 4.000%   8/1/22   1,100      1,105
2 Inglewood Unified School District GO 4.000%   8/1/23     450        462
2 Inglewood Unified School District GO 4.000%   8/1/24     250        259
2 Inglewood Unified School District GO 4.000%   8/1/25     300        314
2 Inglewood Unified School District GO 4.000%   8/1/27     250        265
2 Inglewood Unified School District GO 5.000%   8/1/28     325        366
2 Inglewood Unified School District GO 5.000%   8/1/29     350        392
2 Inglewood Unified School District GO 5.000%   8/1/30     400        447
2 Inglewood Unified School District GO 5.000%   8/1/33     500        554
2 Inglewood Unified School District GO 5.000%   8/1/34     600        665
2 Inglewood Unified School District GO 4.000%   8/1/35     500        511
2 Inglewood Unified School District GO 4.000%   8/1/37     260        264
2 Inglewood Unified School District GO 4.000%   8/1/38     505        512
2 Inglewood Unified School District GO 4.000%   8/1/39     750        758
  Irvine CA 4.000%   9/2/22     220        221
  Irvine CA 5.000%   9/2/22   1,125      1,136
  Irvine CA 5.000%   9/2/22     650        655
  Irvine CA 5.000%   9/2/22   1,000      1,009
  Irvine CA 5.000%   9/2/23     200        208
  Irvine CA 5.000%   9/2/23     400        403
  Irvine CA 5.000%   9/2/23     800        828
  Irvine CA 5.000%   9/2/24     200        211
  Irvine CA 5.000%   9/2/24     850        899
  Irvine CA 5.000%   9/2/25     250        269
  Irvine CA 5.000%   9/2/25     450        485
  Irvine CA 4.000%   9/2/26     500        524
  Irvine CA 5.000%   9/2/26     300        329
  Irvine CA 5.000%   9/2/26     800        860
  Irvine CA 5.000%   9/2/27     375        417
  Irvine CA 4.000%   9/2/28   1,425      1,500
  Irvine CA 5.000%   9/2/28     520        585
  Irvine CA 5.000%   9/2/29     500        569
2 Irvine CA 4.000%   9/2/30   1,300      1,368
  Irvine CA 5.000%   9/2/30     330        374
2 Irvine CA 4.000%   9/2/32   1,000      1,048
2 Irvine CA 4.000%   9/2/33     275        287
2 Irvine CA 4.000%   9/2/34     565        589
2 Irvine CA 4.000%   9/2/35     400        416
2 Irvine CA 4.000%   9/2/36     250        259
2 Irvine CA 4.000%   9/2/37     275        284
2 Irvine CA 4.000%   9/2/38     350        361
2 Irvine CA 4.000%   9/2/39     500        514
2 Irvine CA 4.000%   9/2/41   1,000      1,026
10 Irvine CA Special Assessment Revenue VRDO 0.620%   6/1/22  12,000     12,000
10 Irvine CA VRDO 0.520%   6/1/22  41,050     41,050
50

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
10 Irvine CA VRDO 0.620%   6/1/22   6,575      6,575
  Irvine Ranch Water District 5.000%   2/1/33   1,000      1,108
  Irvine Ranch Water District 5.000%   2/1/34   2,000      2,215
  Irvine Ranch Water District 5.000%   2/1/35   2,500      2,765
  Irvine Ranch Water District 5.000%   2/1/36   2,665      2,944
  Irvine Ranch Water District COP 5.000%   3/1/32   3,650      4,032
  Irvine Ranch Water District COP 5.000%   3/1/33   2,790      3,080
  Irvine Ranch Water District COP 5.000%   3/1/34   1,300      1,434
  Irvine Ranch Water District COP 5.000%   3/1/36   1,000      1,100
10 Irvine Ranch Water District Special Assessment Revenue VRDO 0.620%   6/1/22   9,805      9,805
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/23   1,150      1,189
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/24   1,225      1,291
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/26   1,300      1,418
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/27     150        166
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/28     525        576
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/29     360        401
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/30     385        415
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/30     200        220
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/31     200        215
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/31     350        385
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/32     450        483
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/32     525        563
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/33   1,090      1,167
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/33     250        268
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/33     410        448
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/35     510        544
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/35     250        273
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/36     350        373
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/36     265        289
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/37     565        569
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/38     275        276
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/39     250        251
2 Jefferson Union High School District COP 4.000%   8/1/23     150        154
2 Jefferson Union High School District COP 4.000%   8/1/29      90         98
2 Jefferson Union High School District COP 4.000%   8/1/30     100        109
2 Jefferson Union High School District COP 4.000%   8/1/31     150        164
2 Jefferson Union High School District COP 4.000%   8/1/32     100        109
2 Jefferson Union High School District COP 4.000%   8/1/33     150        160
2 Jefferson Union High School District COP 4.000%   8/1/34     100        103
2 Jefferson Union High School District COP 4.000%   8/1/35     355        367
2 Jefferson Union High School District COP 4.000%   8/1/36     640        659
2 Jefferson Union High School District COP 4.000%   8/1/40   1,025      1,045
2 Jefferson Union High School District GO 5.000%   8/1/22     700        704
2 Jefferson Union High School District GO 5.000%   8/1/24     875        930
  Jefferson Union High School District GO 4.000%   8/1/33     200        211
  Jefferson Union High School District GO 4.000%   8/1/34     125        131
  Jefferson Union High School District GO 3.000%   8/1/35     150        147
  Jefferson Union High School District GO 3.000%   8/1/36     250        245
  Jefferson Union High School District GO 3.000%   8/1/37     275        268
  Jefferson Union High School District GO 4.000%   8/1/38     365        378
  Jefferson Union High School District GO 4.000%   8/1/39     400        414
  Jefferson Union High School District GO 4.000%   8/1/40     300        309
  Jurupa Community Services District Special Tax Revenue 3.000%   9/1/23     150        151
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/24     150        153
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/25     200        206
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/28     100        104
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/30     100        101
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/33     100        100
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/35     170        170
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/37     370        369
  Jurupa Community Services District Special Tax Revenue 4.000%   9/1/39     135        134
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/22   1,535      1,548
2 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/22     800        807
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/23   1,365      1,417
2 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/23     725        753
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/24     620        657
2 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/24     790        839
  Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/25   1,725      1,868
2 Jurupa Public Financing Authority Special Tax Revenue 5.000%   9/1/25     370        401
51

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/26   1,000      1,066
2 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/28   1,690      1,819
2 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/30   1,815      1,961
2 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/37     605        622
  Jurupa Unified School District Special Tax Revenue 4.000%   9/1/43   2,665      2,522
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 5.000%   6/1/22   3,950      3,950
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 4.000%   6/1/36   4,930      4,980
  Kaweah Delta Health Care District Guild Health, Hospital, Nursing Home Revenue 4.000%   6/1/45   3,115      3,118
2 Kern Community College District COP 3.000%   6/1/33     500        499
4 Kern Community College District GO 0.000%  11/1/27   7,375      6,341
  Kern Community College District GO 4.000%   8/1/31     520        569
  Kern Community College District GO 4.000%   8/1/32     445        481
  Kern Community College District GO 4.000%   8/1/33     635        684
  La Canada Unified School District GO 4.000%   8/1/22     275        276
  La Canada Unified School District GO 4.000%   8/1/33     510        541
  La Canada Unified School District GO 4.000%   8/1/38   1,030      1,071
2 La Mesa-Spring Valley School District GO 4.000%   8/1/29     150        160
2 La Mesa-Spring Valley School District GO 4.000%   8/1/30     200        212
2 La Mesa-Spring Valley School District GO 4.000%   8/1/31     225        238
2 La Mesa-Spring Valley School District GO 4.000%   8/1/32     270        284
2 La Mesa-Spring Valley School District GO 4.000%   8/1/33     350        366
2 La Mesa-Spring Valley School District GO 4.000%   8/1/34     350        364
2 La Mesa-Spring Valley School District GO 4.000%   8/1/35     245        253
2 La Mesa-Spring Valley School District GO 4.000%   8/1/36     250        257
2 La Mesa-Spring Valley School District GO 4.000%   8/1/37     370        380
2 La Mesa-Spring Valley School District GO 4.000%   8/1/38     425        437
2 La Mesa-Spring Valley School District GO 4.000%   8/1/39     905        928
2 La Mesa-Spring Valley School District GO 4.000%   8/1/40   1,035      1,061
2 La Mesa-Spring Valley School District GO 4.000%   8/1/41   1,220      1,249
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), ETM 5.000%   9/1/23     750        781
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 4.000%   9/1/23      50         51
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/23   1,250      1,301
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/23   1,250      1,301
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/23   1,500      1,562
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/23   6,595      6,866
1 La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/23   5,200      5,414
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/24   1,140      1,218
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/24   1,000      1,068
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/24   1,535      1,640
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/24   1,050      1,122
  La Quinta Redevelopment Agency Successor Agency Tax Allocation Revenue (La Quinta Redevelopment Project Areas), Prere. 5.000%   9/1/24      25         27
  Lammersville Joint Unified School District Special Tax Revenue 4.000%   9/1/37     500        499
  Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/22     590        593
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/23     435        451
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/24     435        462
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/25     600        651
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 4.000%   8/1/26   1,355      1,446
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 4.000%   8/1/27   2,100      2,235
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/27     800        887
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 4.000%   8/1/28   1,850      1,957
52

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/29     900        992
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/30   1,000      1,100
1 Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/33   1,200      1,314
  Lee Lake Public Financing Authority Special Tax Revenue 5.000%   9/1/23   2,190      2,280
  Liberty Union High School District GO 4.000%   8/1/30     750        798
  Liberty Union High School District GO 4.000%   8/1/31     565        598
  Liberty Union High School District GO 4.000%   8/1/32     250        265
  Liberty Union High School District GO 3.000%   8/1/35     670        657
  Liberty Union High School District GO 3.000%   8/1/36     750        734
  Liberty Union High School District GO 3.000%   8/1/37     825        805
  Liberty Union High School District GO 3.000%   8/1/38     900        874
  Liberty Union High School District GO 3.000%   8/1/39   1,000        942
  Liberty Union High School District GO 3.000%   8/1/40   1,000        921
  Liberty Union High School District GO 3.000%   8/1/41   1,670      1,529
  Lincoln CA Special Tax Revenue 4.000%   9/1/22     450        453
  Lincoln CA Special Tax Revenue 4.000%   9/1/23     450        462
  Lincoln CA Special Tax Revenue 4.000%   9/1/24     600        622
  Lincoln CA Special Tax Revenue 5.000%   9/1/25     550        596
1 Lincoln CA Special Tax Revenue 5.000%   9/1/26   1,000      1,104
1 Lincoln CA Special Tax Revenue 5.000%   9/1/27   1,040      1,168
1 Lincoln CA Special Tax Revenue 5.000%   9/1/28   1,270      1,446
1 Lincoln CA Special Tax Revenue 5.000%   9/1/29   2,545      2,887
1 Lincoln CA Special Tax Revenue 5.000%   9/1/30   3,310      3,742
1 Lincoln CA Special Tax Revenue 5.000%   9/1/31   3,410      3,841
1 Lincoln CA Special Tax Revenue 3.125%   9/1/33   2,485      2,491
1 Lincoln CA Special Tax Revenue 5.000%   9/1/33   1,625      1,823
1 Lincoln CA Special Tax Revenue 3.250%   9/1/34   1,375      1,382
  Livermore Valley CA Joint Unified School District GO 5.000%   8/1/22   1,075      1,082
  Livermore Valley CA Joint Unified School District GO 5.000%   8/1/25   1,180      1,283
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/30     435        458
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/30     100        105
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/32     350        365
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/34     660        686
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/34     230        245
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/35     325        344
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/36     485        510
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/37     525        551
  Livermore Valley Water Financing Authority Intergovernmental Agreement Revenue 5.000%   7/1/29     525        590
  Livermore Valley Water Financing Authority Intergovernmental Agreement Revenue 5.000%   7/1/31     575        641
  Livermore Valley Water Financing Authority Intergovernmental Agreement Revenue 5.000%   7/1/32     720        800
  Livermore Valley Water Financing Authority Intergovernmental Agreement Revenue 5.000%   7/1/33     700        776
  Livermore Valley Water Financing Authority Intergovernmental Agreement Revenue 5.000%   7/1/35     600        663
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/24   1,080      1,100
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/25   1,140      1,166
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/26     800        822
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 4.000%   8/1/27     595        640
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 4.000%   8/1/28     470        509
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 4.000%   8/1/29     355        386
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/30     645        657
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/31     445        449
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/32     270        270
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/33     230        229
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 4.000%   8/1/33     670        699
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/36     810        788
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/37   1,000        947
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/37   1,675      1,586
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/38   1,250      1,158
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/39   1,795      1,637
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/40   1,175      1,047
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/41     960        846
1 Lodi Public Financing Authority Intergovernmental Agreement Revenue 5.000%   9/1/22   1,000      1,009
1 Lodi Public Financing Authority Intergovernmental Agreement Revenue 5.000%   9/1/25   1,335      1,452
1 Lodi Public Financing Authority Intergovernmental Agreement Revenue 5.000%   9/1/28   1,330      1,518
1 Lodi Public Financing Authority Intergovernmental Agreement Revenue 5.000%   9/1/29     700        796
  Long Beach Bond Finance Authority Natural Gas Revenue 5.250% 11/15/22     260        264
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/24   8,060      8,477
53

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/27     140        156
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/30   2,025      2,323
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/32   3,345      3,897
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/35   1,965      2,229
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/37  11,815     14,149
6 Long Beach Bond Finance Authority Natural Gas Revenue, 67% of 3M USD LIBOR + 1.410% 2.356% 11/15/25  16,845     16,612
6 Long Beach Bond Finance Authority Natural Gas Revenue, 67% of 3M USD LIBOR + 1.430% 2.376% 11/15/26  10,010      9,825
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/25     200        195
7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/25     545        587
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/26     250        275
7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/26     400        440
7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/27     175        196
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/28     300        339
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/29     355        404
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/30     270        309
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/31     400        461
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/32     225        261
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/33     500        574
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/34     500        570
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/35     500        571
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/35     575        656
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/36   1,000      1,140
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/36     350        399
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/37     750        853
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/37     500        569
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/38   1,000      1,136
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/38     515        585
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/39     635        720
1,7 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/39     500        567
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/33   1,035      1,113
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/34   2,000      2,149
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/35   2,825      3,033
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%   6/1/27     230        254
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%  5/15/38   1,225      1,387
1 Long Beach Community College District GO 0.000%   6/1/29   5,420      4,378
  Long Beach Community College District GO 4.000%   8/1/31   1,230      1,302
  Long Beach Community College District GO 4.000%   8/1/33     760        799
  Long Beach Community College District GO 4.000%   8/1/33     400        424
  Long Beach Community College District GO 4.000%   8/1/34     600        628
  Long Beach Community College District GO 4.000%   8/1/35     705        741
  Long Beach Community College District GO 3.000%   8/1/37   2,860      2,708
  Long Beach Community College District GO 3.000%   8/1/38   3,160      2,959
  Long Beach Community College District GO 3.000%   8/1/39   3,395      3,148
  Long Beach Community College District GO 3.000%   8/1/39   1,115      1,034
  Long Beach Community College District GO 3.000%   8/1/40   1,500      1,382
  Long Beach Community College District GO 3.000%   8/1/41   2,460      2,233
1 Long Beach Community College District GO, ETM 0.000%   6/1/29     960        801
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/24     235        244
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/25     150        158
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/26     150        160
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/27     150        162
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/29     200        217
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/30     200        217
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/31     230        247
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/32     375        398
  Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/34     350        365
1 Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/37     400        410
1 Long Beach Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   8/1/38     430        441
11 Long Beach Unified School District GO 0.000%   8/1/25   1,595      1,469
11 Long Beach Unified School District GO 0.000%   8/1/26   1,450      1,295
  Long Beach Unified School District GO 0.000%   8/1/27   2,500      2,130
  Long Beach Unified School District GO 4.000%   8/1/32   1,000      1,071
  Long Beach Unified School District GO 3.000%   8/1/34     550        541
  Long Beach Unified School District GO 3.000%   8/1/35   1,140      1,108
  Long Beach Unified School District GO 3.000%   8/1/36   2,080      2,014
  Long Beach Unified School District GO 3.000%   8/1/39   2,840      2,681
  Long Beach Unified School District GO 3.000%   8/1/40   3,105      2,914
  Los Angeles CA Community College District GO 5.000%   8/1/22   3,155      3,174
  Los Angeles CA Community College District GO 5.000%   8/1/25      25         27
54

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles CA Community College District GO 4.000%   8/1/31   8,575      9,096
  Los Angeles CA Community College District GO 4.000%   8/1/33   1,925      2,030
  Los Angeles CA Community College District GO 4.000%   8/1/34   3,500      3,686
  Los Angeles CA Community College District GO 4.000%   8/1/35   4,065      4,277
  Los Angeles CA Community College District GO 5.000%   8/1/36   8,850      9,723
  Los Angeles CA Community College District GO 3.000%   8/1/39     715        662
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/23   1,000      1,028
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/23   6,145      6,316
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/24  14,500     15,153
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/24  19,225     20,090
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/24   4,075      4,258
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/24   4,320      4,514
  Los Angeles CA Community College District GO, Prere. 4.000%   8/1/24   5,205      5,439
  Los Angeles CA Community College District GO, Prere. 5.000%   8/1/24  37,345     39,814
  Los Angeles CA Community College District GO, Prere. 5.000%   8/1/24  12,860     13,710
  Los Angeles CA Community College District GO, Prere. 5.000%   8/1/24   8,840      9,425
  Los Angeles CA Community College District GO, Prere. 5.000%   8/1/24  37,455     39,932
  Los Angeles CA Community Facilities District Special Tax Revenue 5.000%   9/1/23     855        888
  Los Angeles CA Community Facilities District Special Tax Revenue 5.000%   9/1/24   2,015      2,140
  Los Angeles CA Community Facilities District Special Tax Revenue 5.000%   9/1/25   1,475      1,565
  Los Angeles CA Community Facilities District Special Tax Revenue 5.000%   9/1/26   1,185      1,259
  Los Angeles CA Community Facilities District Special Tax Revenue 5.000%   9/1/27   1,965      2,088
2 Los Angeles CA Unified School District COP 5.000%  10/1/29     425        493
2 Los Angeles CA Unified School District COP 4.000%  10/1/33     520        555
  Los Angeles CA Unified School District GO 3.000%   7/1/22   1,595      1,597
  Los Angeles CA Unified School District GO 4.000%   7/1/22   1,100      1,103
  Los Angeles CA Unified School District GO 5.000%   7/1/22  13,000     13,041
  Los Angeles CA Unified School District GO 5.000%   7/1/24   4,000      4,252
  Los Angeles CA Unified School District GO 5.000%   7/1/24   2,810      2,987
  Los Angeles CA Unified School District GO 5.000%   7/1/24  13,105     13,930
  Los Angeles CA Unified School District GO 5.000%   7/1/25     505        537
  Los Angeles CA Unified School District GO 5.000%   7/1/25   1,510      1,605
  Los Angeles CA Unified School District GO 5.000%   7/1/26  25,875     28,727
  Los Angeles CA Unified School District GO 5.000%   7/1/27   3,300      3,736
  Los Angeles CA Unified School District GO 4.000%   7/1/28   3,000      3,259
  Los Angeles CA Unified School District GO 5.000%   7/1/28  25,170     26,634
  Los Angeles CA Unified School District GO 5.000%   7/1/28   5,000      5,722
  Los Angeles CA Unified School District GO 5.000%   7/1/29  34,760     36,781
  Los Angeles CA Unified School District GO 5.000%   7/1/29   1,500      1,737
  Los Angeles CA Unified School District GO 5.000%   7/1/30   8,925     10,249
  Los Angeles CA Unified School District GO 5.000%   7/1/30   1,985      2,140
  Los Angeles CA Unified School District GO 5.000%   7/1/30   1,150      1,266
  Los Angeles CA Unified School District GO 5.000%   7/1/30  22,165     23,454
  Los Angeles CA Unified School District GO 4.000%   7/1/31  20,000     21,714
2 Los Angeles CA Unified School District GO 5.000%   7/1/31  15,775     17,723
  Los Angeles CA Unified School District GO 5.000%   7/1/31   4,435      5,155
  Los Angeles CA Unified School District GO 3.000%   7/1/32   7,820      7,822
  Los Angeles CA Unified School District GO 4.000%   7/1/32  16,450     17,755
2 Los Angeles CA Unified School District GO 5.000%   7/1/32   3,000      3,357
  Los Angeles CA Unified School District GO 4.000%   7/1/33   2,130      2,197
2 Los Angeles CA Unified School District GO 5.000%   7/1/33   5,080      5,675
  Los Angeles CA Unified School District GO 5.000%   7/1/33   7,890      9,323
  Los Angeles CA Unified School District GO 3.000%   1/1/34  17,750     17,428
  Los Angeles CA Unified School District GO 4.000%   7/1/34   1,500      1,544
2 Los Angeles CA Unified School District GO 5.000%   7/1/34  10,000     11,127
  Los Angeles CA Unified School District GO 4.000%   7/1/35   5,575      5,942
2 Los Angeles CA Unified School District GO 5.000%   7/1/35  10,000     11,117
  Los Angeles CA Unified School District GO 4.000%   7/1/36   3,400      3,595
  Los Angeles CA Unified School District GO 4.000%   7/1/36   2,600      2,773
2 Los Angeles CA Unified School District GO 5.000%   7/1/36   5,600      6,205
  Los Angeles CA Unified School District GO 4.000%   7/1/37   6,190      6,523
  Los Angeles CA Unified School District GO 4.000%   7/1/37   7,500      7,903
2 Los Angeles CA Unified School District GO 5.000%   7/1/37   5,870      6,498
  Los Angeles CA Unified School District GO 4.000%   7/1/38   3,925      4,123
2 Los Angeles CA Unified School District GO 5.000%   7/1/38   5,120      5,661
  Los Angeles CA Unified School District GO 4.000%   7/1/39   4,000      4,195
  Los Angeles CA Unified School District GO 4.000%   7/1/39  13,575     14,236
  Los Angeles CA Unified School District GO 4.000%   7/1/40   2,275      2,374
  Los Angeles CA Unified School District GO 4.000%   7/1/40   4,100      4,278
55

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles CA Unified School District GO 4.000%   7/1/40   4,050      4,254
  Los Angeles CA Unified School District GO 4.000%   7/1/41   2,690      2,821
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/22   2,750      2,750
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/26  13,090     13,090
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/29  10,000     10,000
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/30   5,000      5,865
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/31   5,000      5,938
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33   5,000      5,383
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33   1,525      1,642
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33   4,500      4,844
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/34   2,385      2,640
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35   2,840      3,140
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35   2,985      3,301
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/36   3,000      3,315
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/36   6,250      6,906
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/37   7,000      7,728
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/37   3,675      4,057
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/37   4,065      4,566
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/39     150        165
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/36   1,450      1,636
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/37   1,335      1,503
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/22   2,895      2,904
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/24   1,255      1,259
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/25   6,065      6,601
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/27   5,000      5,661
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/28   5,000      5,748
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/29   5,000      5,839
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/32   5,700      6,719
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/33   7,000      8,233
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/33   4,495      5,004
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   7/1/33   8,465      8,660
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/33   5,000      5,589
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/34   6,540      6,814
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/34   5,000      5,441
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/34   7,750      8,585
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/34   5,000      5,572
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/35   1,500      1,598
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/35   5,000      5,432
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/35  10,070     11,045
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/35   5,000      5,557
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/35  24,690     27,439
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/36   1,500      1,585
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/36  10,000     10,946
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/36   3,000      3,480
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/36   5,000      5,542
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/36  21,145     23,439
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/37   4,000      4,222
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/37   1,350      1,562
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/37   6,190      6,980
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/38   1,190      1,317
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/38   6,275      7,067
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/42   1,720      1,893
  Los Angeles County Metropolitan Transportation Authority Transit Revenue 5.000%   7/1/25   1,055      1,147
  Los Angeles County Metropolitan Transportation Authority Transit Revenue 5.000%   7/1/26   2,000      2,173
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/22   1,275      1,298
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/24   1,325      1,421
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/25     970      1,065
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/26   2,870      3,223
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/28   4,485      5,203
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/30   1,000      1,169
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/30     780        912
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/30   5,590      6,646
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/30     150        163
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/31   1,700      1,982
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/31     820        956
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/31   6,345      7,520
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/32     865      1,005
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33   6,190      6,708
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33   2,000      2,312
56

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33     910      1,052
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/34   2,000      2,301
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/34     955      1,099
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/35   2,050      2,349
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/35   1,005      1,151
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/36   2,090      2,392
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/36   1,055      1,207
7 Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/36   2,710      3,187
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/37   3,745      4,283
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/37   1,110      1,269
7 Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/37   1,200      1,408
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/38   2,970      3,127
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/38   3,925      4,482
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/38   1,165      1,330
7 Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/38   1,800      2,105
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/39   4,345      4,947
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/39   1,225      1,395
7 Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/39   1,500      1,748
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/40   8,770      9,958
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/40   1,290      1,465
7 Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/40   1,905      2,208
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/22   1,155      1,162
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/23   1,500      1,510
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/24   1,515      1,525
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/25   1,325      1,333
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/31   3,000      3,019
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   7/1/22   4,555      4,569
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   7/1/23   2,105      2,181
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   7/1/24   2,215      2,288
  Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency Tax Allocation Revenue (Long Beach Project Area) 5.000%   8/1/33   2,465      2,659
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/26     750        834
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/27   1,000      1,130
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/28     920      1,054
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/29   1,000      1,161
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/31   1,250      1,478
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33   1,000      1,184
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/35   2,000      2,359
  Los Angeles County Sanitation Districts Financing Authority Lease Revenue 5.000%  10/1/30   1,500      1,791
  Los Angeles County Sanitation Districts Financing Authority Lease Revenue 5.000%  10/1/31   1,500      1,808
  Los Angeles County Sanitation Districts Financing Authority Lease Revenue 5.000%  10/1/32   1,375      1,672
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/29   1,470      1,597
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/31   4,300      4,667
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/32   7,225      7,840
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/33   8,350      9,058
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/34   7,430      8,052
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/35   3,790      4,102
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/23   1,000      1,030
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/26   1,535      1,653
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/26     575        634
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/26      85         94
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/27   2,020      2,169
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/27   1,670      1,872
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/27      70         78
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/28   2,000      2,141
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/28   1,300      1,478
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/28      85         97
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/29   1,115      1,144
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/29   1,000      1,157
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/29   1,100      1,268
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/29      70         81
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30   1,200      1,230
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30     675        747
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30     400        427
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30   1,010      1,170
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/30   1,025      1,193
57

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/31     340        388
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/31   6,000      6,981
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/31     945      1,113
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/31   3,000      3,463
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/32   6,595      7,590
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/32   2,000      2,320
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/32     930      1,092
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/32   1,000      1,191
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33     110        117
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33   1,800      1,980
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33     225        254
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33   8,540      9,808
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/33   1,785      2,091
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34   1,955      2,148
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34     250        266
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34   2,075      2,425
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/34   1,000      1,185
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/35   5,000      5,271
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/35   1,000      1,066
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/35   1,850      2,031
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/35   7,685      8,776
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/36   2,275      2,495
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/36   3,000      3,397
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/36   2,750      3,090
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/36  14,040     16,016
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/37   7,500      7,887
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37   2,500      2,740
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37   3,525      3,956
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37   8,425      9,598
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/38   7,500      7,874
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38   3,185      3,569
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38   5,800      6,597
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38   3,140      3,634
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/39   8,000      8,384
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/39  14,255     16,189
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/39   2,565      2,871
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/39   2,500      2,888
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/40   8,000      8,371
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/40   4,500      5,103
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/40   2,055      2,180
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/40   7,030      8,108
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/41   8,080      9,305
  Los Angeles Department of Water & Power Electric Power & Light Revenue 3.000%   7/1/26   5,000      5,154
  Los Angeles Department of Water & Power Electric Power & Light Revenue 4.000%   7/1/26   4,000      4,261
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/26   4,000      4,436
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/32   1,250      1,504
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33   3,000      3,598
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34   3,005      3,596
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35   3,570      4,265
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36   2,595      3,096
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39   8,105      9,362
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39   3,000      3,516
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/39   2,500      2,971
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40  16,535     19,084
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40   3,000      3,513
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40   8,450     10,031
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/41  25,390     29,495
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/41   3,420      4,063
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/22   2,630      2,638
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/26     750        823
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/28   8,030      8,601
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/29   1,500      1,568
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/30  10,000     10,450
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/30     965      1,055
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 3.250%   7/1/31   5,000      5,042
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/31  10,010     11,083
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/31   2,625      2,964
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/31   2,500      2,646
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32   6,730      7,028
58

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32   2,190      2,461
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32   3,300      3,492
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33   1,075      1,201
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  31,480     33,553
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33   1,590      1,734
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34  33,050     35,193
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34   1,540      1,718
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34  20,755     23,349
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34   2,000      2,115
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/34  12,005     12,693
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35   6,510      7,316
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35   2,000      2,229
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35  38,460     40,914
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35   2,500      2,659
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/36   3,100      3,481
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/36  20,535     22,865
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/36   1,050      1,139
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/36   1,555      1,687
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/37  25,260     28,101
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/37     100        108
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/37   1,755      2,060
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38   5,015      5,572
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38   1,460      1,649
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38   7,740      8,809
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/39   3,725      3,931
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/39   7,500      7,914
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/42   4,675      5,309
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/42   2,150      2,514
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.500%   6/1/22   4,670      4,670
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.520%   6/1/22  11,975     11,975
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.540%   6/1/22   4,200      4,200
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/22   1,060      1,063
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/23   2,800      2,809
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/23   2,805      2,813
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/25   1,395      1,518
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/26   1,755      1,930
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/26     750        752
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/26     750        752
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/31     450        492
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/32   6,080      6,440
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33   5,525      6,032
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/34   5,305      5,615
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36     100        109
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36   1,470      1,597
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36   4,000      4,385
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37   5,620      6,156
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/39   7,000      8,287
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/40   7,015      8,118
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/40   7,000      8,279
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/41   7,000      8,272
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/42  10,000     11,811
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 0.510%   6/1/22   3,650      3,650
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 0.550%   6/1/22  37,025     37,025
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/24   6,275      6,700
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/25     140        148
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/25   8,140      8,870
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/25   5,000      5,449
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/25   1,798      1,959
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/26   3,095      3,435
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/26   7,586      8,419
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/27   8,175      9,093
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/27  12,409     13,971
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/28   4,050      4,622
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/28   1,185      1,352
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/28   9,736     11,112
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29   9,805     10,840
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29   3,070      3,550
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29   1,000      1,156
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29   2,241      2,592
59

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30   3,785      4,414
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30   1,000      1,166
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30   2,145      2,501
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/31     815        951
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/32   1,350      1,571
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/33  10,410     10,866
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/34   2,694      3,118
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/35  18,255     18,822
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/35   2,130      2,455
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/36   9,590     10,474
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/36   2,417      2,763
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/37   4,468      5,097
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/38   3,581      4,072
  Los Angeles Unified School District GO 4.000%   7/1/39  10,000     10,564
  Los Rios Community College District GO 5.000%   8/1/24     500        532
  Los Rios Community College District GO 5.000%   8/1/27   1,100      1,248
  Los Rios Community College District GO 5.000%   8/1/30   1,140      1,277
  Los Rios Community College District GO 4.000%   8/1/31   3,080      3,261
  Los Rios Community College District GO 4.000%   8/1/32   3,135      3,300
  Los Rios Community College District GO 4.000%   8/1/33   1,010      1,022
  Los Rios Community College District GO 4.000%   8/1/35   3,750      3,914
  Los Rios Community College District GO 4.000%   8/1/35     250        261
  Los Rios Community College District GO 4.000%   8/1/36     700        727
  Los Rios Community College District GO 4.000%   8/1/37     525        545
  Los Rios Community College District GO 4.000%   8/1/38     610        631
  Lowell Joint School District GO 5.000%   8/1/37   1,000      1,155
  Lowell Joint School District GO 3.000%   8/1/40   1,365      1,247
4 Mammoth CA Unified School District GO 0.000%   8/1/26   1,250      1,130
4 Manhattan Beach Unified School District GO 0.000%   9/1/26   2,160      1,950
2 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/27     265        286
2 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/28     375        407
2 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/29     350        380
2 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/30     325        352
2 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/32     550        583
2 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/39   1,110      1,139
  Manteca Unified School District GO 5.000%   8/1/22   1,000      1,006
  Marin Community College District GO, Prere. 4.000%   8/1/26   1,000      1,078
  Marin Community College District GO, Prere. 4.000%   8/1/26   1,000      1,078
  Marin Community College District GO, Prere. 4.000%   8/1/26     665        717
  Marin Community College District GO, Prere. 4.000%  8/15/27     450        492
  Marin Community College District GO, Prere. 4.000%  8/15/27     800        874
  Marin Community College District GO, Prere. 4.000%  8/15/27   7,660      8,369
  Marin Community College District GO, Prere. 4.000%  8/15/27   2,945      3,218
  Marin Community College District GO, Prere. 4.000%  8/15/27   1,900      2,076
  Marin Community College District GO, Prere. 4.000%  8/15/27   3,030      3,311
  Marin Healthcare District GO 5.000%   8/1/28     435        470
  Marin Healthcare District GO 5.000%   8/1/30     520        560
  Marin Healthcare District GO 5.000%   8/1/31   1,000      1,075
  Marin Healthcare District GO 5.000%   8/1/32   1,850      1,987
  Marin Healthcare District GO 5.000%   8/1/33   1,350      1,448
  Marin Healthcare District GO 5.000%   8/1/34   1,275      1,367
  Marin Healthcare District GO 4.000%   8/1/35   1,750      1,786
  Marin Municipal Water District Water Revenue 3.000%  6/15/22     970        971
  Marin Municipal Water District Water Revenue 3.000%  6/15/23   2,325      2,357
  Marin Municipal Water District Water Revenue 4.000%  6/15/24   2,400      2,495
  Marin Municipal Water District Water Revenue 4.000%  6/15/25   2,495      2,631
  Marin Municipal Water District Water Revenue 4.000%  6/15/26   2,590      2,765
  Marin Municipal Water District Water Revenue 5.000%  6/15/28   2,840      3,249
  Marin Municipal Water District Water Revenue 5.000%  6/15/29   2,980      3,446
  Marin Water District Financing Authority Water Revenue 5.000%   7/1/44   6,000      6,019
  Marina Coast Water District Water Revenue 4.000%   6/1/22   1,090      1,090
2 Mendocino-Lake Community College District GO 3.000%   8/1/41   1,475      1,299
  Menifee CA Special Tax Revenue 3.000%   9/1/42     550        432
  Menifee Union School District GO 4.000%   8/1/29     165        181
  Menifee Union School District GO 4.000%   8/1/30     200        220
  Menifee Union School District GO 4.000%   8/1/32     250        270
1 Menifee Union School District GO 4.000%   8/1/34     350        375
  Menifee Union School District Special Tax Revenue 4.000%   9/1/36     500        500
  Menifee Union School District Special Tax Revenue 4.000%   9/1/41     800        775
60

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/22     520        526
1 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/26   1,035      1,127
1 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/27   1,250      1,361
1 Menlo Park Community Development Agency Successor Agency Tax Allocation Revenue (Las Pulgas Community Development Project) 5.000%  10/1/29     400        434
  Mesa Water District COP 5.000%  3/15/28     400        460
  Mesa Water District COP 5.000%  3/15/29     335        391
  Mesa Water District COP 5.000%  3/15/31     250        294
  Mesa Water District COP 5.000%  3/15/32     350        411
  Mesa Water District COP 5.000%  3/15/33     350        410
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/26   3,325      3,611
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/35   1,500      1,730
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/37   1,600      1,842
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/38  15,080     17,425
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/38   1,910      2,196
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/39   7,660      8,836
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/39   1,750      2,009
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/40  10,345     11,915
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/40   1,750      2,006
  Metropolitan Water District of Southern California Water Revenue VRDO 0.550%   6/1/22  11,495     11,495
  Metropolitan Water District of Southern California Water Revenue VRDO 0.550%   6/1/22  26,355     26,355
  Miracosta Community College District GO 2.000%   8/1/39   2,235      1,688
  Miracosta Community College District GO 2.000%   8/1/40   2,000      1,491
  Modesto CA Special Tax Revenue 5.000%   9/1/29   1,570      1,647
  Modesto CA Special Tax Revenue 5.000%   9/1/30   1,700      1,781
  Modesto CA Wastewater Sewer Revenue 5.000%  11/1/29   1,300      1,515
  Modesto CA Wastewater Sewer Revenue 5.000%  11/1/30   1,355      1,599
4 Modesto High School District GO 0.000%   8/1/26   5,010      4,490
  Modesto Irrigation District Electric Power & Light Revenue 5.000%   7/1/22   1,025      1,028
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/31   1,475      1,590
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/31   1,840      1,984
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/31   1,200      1,379
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/37   2,360      2,681
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/38   2,015      2,280
  Montclair Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/31     660        704
  Montclair Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/34     615        640
  Montebello Unified School District GO 5.000%   8/1/41   2,555      2,753
  Moreno Valley Community Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/29   1,220      1,370
  Moreno Valley Community Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/32   1,020      1,135
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 4.000%   9/1/22     685        688
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 4.000%   9/1/23     735        749
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 4.000%   9/1/24     780        801
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/25     845        906
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/26     930      1,013
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/27   1,010      1,105
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/29   1,185      1,283
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/31   1,390      1,495
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/35     920        985
2 Moreno Valley Unified School District GO 4.000%   8/1/35     250        268
2 Moreno Valley Unified School District GO 4.000%   8/1/36     465        495
2 Moreno Valley Unified School District GO 4.000%   8/1/37     365        388
2 Moreno Valley Unified School District GO 4.000%   8/1/38     325        343
2 Moreno Valley Unified School District GO 4.000%   8/1/39   1,470      1,550
2 Moreno Valley Unified School District GO 4.000%   8/1/40     825        865
2 Moreno Valley Unified School District GO 4.000%   8/1/41   1,620      1,696
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, ETM 5.000%   3/1/23   1,330      1,365
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, ETM 5.000%   9/1/23   2,550      2,657
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23   5,430      5,657
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23   2,990      3,115
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23   4,315      4,495
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23   2,000      2,084
  Morgan Hill Redevelopment Agency Successor Agency Tax Allocation Revenue, Prere. 5.000%   9/1/23   5,075      5,287
  Morgan Hill Unified School District GO 4.000%   8/1/32     400        421
  Morgan Hill Unified School District GO 4.000%   8/1/33     200        210
  Morgan Hill Unified School District GO 4.000%   8/1/34     250        262
  Morgan Hill Unified School District GO 4.000%   8/1/36   1,240      1,287
61

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Morgan Hill Unified School District GO 4.000%   8/1/37     745        773
  Mount San Antonio Community College District GO 0.000%   8/1/25   2,000      1,844
8 Mount San Antonio Community College District GO, 5.875% coupon rate effective 8/1/23 0.000%   8/1/28   3,000      3,317
  Mount San Jacinto Community College District GO 4.000%   8/1/37   3,290      3,435
  Mount San Jacinto Community College District GO 4.000%   8/1/38   1,400      1,456
  Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/22     180        182
  Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/23     320        326
  Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/24     500        513
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/25     340        360
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/26     290        311
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/27     360        389
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/28     430        466
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/29     450        491
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/29     215        234
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/30     550        603
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/30     330        362
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/31     575        628
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/31     400        437
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/32     400        435
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/33     325        348
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/34     300        311
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/35     325        336
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/35   1,000      1,034
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/36     315        324
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/37     300        309
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/38     300        309
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/39     275        283
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/40   1,400      1,428
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/40     350        357
  Mountain View Los Altos CA Union High School District GO 0.000%   8/1/26   3,500      3,154
  Mountain View Los Altos CA Union High School District GO 1.750%   8/1/33   3,000      2,572
  Mountain View Los Altos CA Union High School District GO 1.875%   8/1/34   4,150      3,552
1 Mountain View Shoreline Regional Park Community Tax Allocation Revenue 5.000%   8/1/32     500        564
1 Mountain View Shoreline Regional Park Community Tax Allocation Revenue 5.000%   8/1/34     350        394
1 Mountain View Shoreline Regional Park Community Tax Allocation Revenue 5.000%   8/1/35     450        506
1 Mountain View Shoreline Regional Park Community Tax Allocation Revenue 5.000%   8/1/37   1,220      1,365
  Mountain View-Whisman School District (School Financing Project) COP, ETM 5.000%   6/1/22     400        400
  Mountain View-Whisman School District GO 4.000%   9/1/32     260        283
  Mountain View-Whisman School District GO 4.000%   9/1/33     500        542
  Mountain View-Whisman School District GO 3.000%   9/1/39   1,200      1,121
  M-S-R Energy Authority Natural Gas Revenue 6.125%  11/1/29     660        744
  M-S-R Energy Authority Natural Gas Revenue 6.125%  11/1/29     195        220
  M-S-R Energy Authority Natural Gas Revenue 6.125%  11/1/29     315        355
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34  12,890     16,440
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34  11,350     14,476
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34  11,265     14,368
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  11,360     14,534
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  14,325     18,327
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  17,100     21,878
  M-S-R Public Power Agency Electric Power & Light Revenue 5.000%   7/1/22   9,025      9,053
1 Murrieta Valley Unified School District GO 4.000%   9/1/22     320        322
1 Murrieta Valley Unified School District GO 4.000%   9/1/23     850        874
1 Murrieta Valley Unified School District GO 5.000%   9/1/23   1,460      1,520
1 Murrieta Valley Unified School District GO 4.000%   9/1/24     350        365
1 Murrieta Valley Unified School District GO 5.000%   9/1/25     700        752
1 Murrieta Valley Unified School District GO 5.000%   9/1/25   1,400      1,504
1 Murrieta Valley Unified School District GO 5.000%   9/1/26   1,625      1,749
1 Murrieta Valley Unified School District GO 0.000%   9/1/33     475        329
1 Murrieta Valley Unified School District GO, Prere. 5.000%   3/1/25     520        562
1 Murrieta Valley Unified School District GO, Prere. 5.000%   3/1/25     465        503
1 Murrieta Valley Unified School District GO, Prere. 5.000%   3/1/25     300        324
  Napa Valley Community College District GO 4.000%   8/1/30   8,130      8,508
  Napa Valley Community College District GO 4.000%   8/1/31   4,650      4,849
  Napa Valley Unified School District GO 5.000%   8/1/31     205        226
  Napa Valley Unified School District GO 0.000%   8/1/33   5,770      3,927
1 Napa Valley Unified School District GO 4.000%   8/1/33   2,370      2,469
1 Natomas Unified School District GO 4.000%   8/1/33     860        886
  Nevada Joint Union High School District GO 4.000%   8/1/32   1,320      1,399
  Nevada Joint Union High School District GO 4.000%   8/1/34     580        610
62

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  New Haven Unified School District GO 5.000%   8/1/27   1,335      1,482
  New Haven Unified School District GO 4.000%   8/1/29     100        108
  New Haven Unified School District GO 4.000%   8/1/30     100        108
  New Haven Unified School District GO 4.000%   8/1/31     100        107
  New Haven Unified School District GO 4.000%   8/1/32     100        106
  New Haven Unified School District GO 4.000%   8/1/35     325        342
  New Haven Unified School District GO 4.000%   8/1/36     155        162
  New Haven Unified School District GO 4.000%   8/1/37     300        313
  New Haven Unified School District GO 4.000%   8/1/38     805        837
  New Haven Unified School District GO 5.000%   8/1/40     955      1,024
1 Newark CA Unified School District GO 0.000%   8/1/26   3,300      2,966
2 Newark CA Unified School District GO 4.000%   8/1/34   1,310      1,414
2 Newark CA Unified School District GO 4.000%   8/1/36   1,135      1,207
2 Newark CA Unified School District GO 4.000%   8/1/38     885        935
2 Newark CA Unified School District GO 4.000%   8/1/40   1,000      1,048
2 Newark CA Unified School District GO 4.000%   8/1/42   1,000      1,045
  Newport Mesa Unified School District GO 5.000%   8/1/22   1,815      1,827
  Newport Mesa Unified School District GO 5.000%   8/1/26   1,175      1,310
  Newport Mesa Unified School District GO 0.000%   8/1/29   4,625      3,786
  Newport Mesa Unified School District GO 0.000%   8/1/30   3,000      2,370
  Newport Mesa Unified School District GO 0.000%   8/1/31   1,500      1,141
  Newport Mesa Unified School District GO 0.000%   8/1/32  14,000     10,247
  Norco CA Special Tax Revenue 5.000%   9/1/22     970        979
  Norco CA Special Tax Revenue 5.000%   9/1/23   1,270      1,322
  Norco CA Special Tax Revenue 5.000%   9/1/24   1,380      1,467
  Norco CA Special Tax Revenue 5.000%   9/1/25     500        543
  Norco CA Special Tax Revenue 5.000%   9/1/26   1,620      1,796
  Norco CA Special Tax Revenue 5.000%   9/1/27   1,755      1,980
2 Norco CA Special Tax Revenue 5.000%   9/1/28     805        907
  Norco Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/30     600        699
  Norco Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/32   1,000      1,155
  Norco Financing Authority Intergovernmental Agreement Revenue 4.000%  10/1/34     280        298
  Norco Financing Authority Intergovernmental Agreement Revenue 4.000%  10/1/35     440        466
  Norco Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/36   1,000      1,143
  Norco Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/37     855        974
  Norco Financing Authority Intergovernmental Agreement Revenue 4.000%  10/1/39   1,565      1,635
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/29     200        218
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/29     750        844
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/30     250        272
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/30     650        736
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/32   2,775      3,160
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/33     500        541
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/33   2,000      2,262
2 Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 4.000%   3/1/34   2,145      2,263
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/34     500        540
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/36   3,020      3,256
  North Orange County CA Community College District GO 4.000%   8/1/33     375        401
  North Orange County CA Community College District GO 3.000%   8/1/38   1,805      1,672
  North Orange County CA Community College District GO 3.000%   8/1/39   2,165      1,994
  North Orange County CA Community College District GO 3.000%   8/1/40   2,200      2,015
  Northern California Energy Authority Natural Gas Revenue PUT 4.000%   7/1/24  94,800     96,797
  Northern California Power Agency Electric Power & Light Revenue (Hydroelectric Projects) 5.000%   7/1/29   3,350      3,907
  Northern California Power Agency Electric Power & Light Revenue (Hydroelectric Projects) 5.000%   7/1/30   3,000      3,544
  Northern California Power Agency Electric Power & Light Revenue (Hydroelectric Projects) 5.000%   7/1/31   3,000      3,590
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/23     385        397
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/24     695        735
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/27   1,285      1,419
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/28   1,200      1,320
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/29   1,775      1,948
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/31   1,385      1,518
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/32   2,550      2,795
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/33   4,285      4,692
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/34   3,295      3,606
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/36   5,000      5,456
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/37   3,500      3,815
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/38   1,250      1,360
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/39   1,525      1,657
14 Northstar Community Services District Special Tax Revenue 5.000%   9/1/21     693        347
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/34     615        608
63

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/35     425        417
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/38   1,420      1,336
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/39     900        841
  Norwalk-La Mirada Unified School District GO 3.000%   8/1/40   1,000        929
  Novato Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   9/1/39   1,475      1,511
  Novato Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%   9/1/40   1,465      1,500
9,10 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.860%   6/2/22  25,500     25,500
  Oakdale Irrigation District Water Revenue 5.000%   8/1/26     240        249
  Oakdale Irrigation District Water Revenue 5.000%   8/1/27     350        363
  Oakdale Irrigation District Water Revenue 5.000%   8/1/29     455        472
  Oakdale Irrigation District Water Revenue 5.000%   8/1/30     415        431
  Oakdale Irrigation District Water Revenue 5.000%   8/1/34     400        415
  Oakdale Irrigation District Water Revenue 5.000%   8/1/35     300        311
  Oakland CA GO 2.000%  1/15/34   5,505      4,726
  Oakland CA GO 2.000%  1/15/35   4,480      3,799
  Oakland CA GO 2.125%  1/15/36   4,735      4,007
  Oakland CA GO 3.000%  1/15/40   6,580      6,050
  Oakland Unified School District/Alameda County GO 5.000%   8/1/22   1,300      1,308
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/22   2,325      2,340
  Oakland Unified School District/Alameda County GO 5.500%   8/1/23     980      1,006
  Oakland Unified School District/Alameda County GO 4.000%   8/1/24     600        625
  Oakland Unified School District/Alameda County GO 5.000%   8/1/24  11,375     12,082
  Oakland Unified School District/Alameda County GO 5.000%   8/1/24   1,835      1,949
  Oakland Unified School District/Alameda County GO 5.000%   8/1/24   1,275      1,354
  Oakland Unified School District/Alameda County GO 5.000%   8/1/24   1,375      1,460
  Oakland Unified School District/Alameda County GO 4.000%   8/1/25     175        184
  Oakland Unified School District/Alameda County GO 5.000%   8/1/25   2,850      3,088
  Oakland Unified School District/Alameda County GO 5.000%   8/1/25     570        618
  Oakland Unified School District/Alameda County GO 5.000%   8/1/26   1,260      1,368
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/26   2,835      3,083
  Oakland Unified School District/Alameda County GO 5.000%   8/1/27     175        196
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/27   1,965      2,222
  Oakland Unified School District/Alameda County GO 5.000%   8/1/27   1,295      1,404
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/27   1,160      1,261
  Oakland Unified School District/Alameda County GO 5.000%   8/1/28   2,940      3,310
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/28   1,210      1,368
  Oakland Unified School District/Alameda County GO 5.000%   8/1/28   1,000      1,080
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/28   1,230      1,333
  Oakland Unified School District/Alameda County GO 5.000%   8/1/28     140        155
  Oakland Unified School District/Alameda County GO 5.000%   8/1/28   6,140      6,777
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/29   2,060      2,328
  Oakland Unified School District/Alameda County GO 5.000%   8/1/29   1,000      1,078
  Oakland Unified School District/Alameda County GO 5.000%   8/1/30   1,800      2,010
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/30   2,030      2,292
  Oakland Unified School District/Alameda County GO 5.000%   8/1/30     100        110
  Oakland Unified School District/Alameda County GO 5.000%   8/1/31     480        535
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/31   5,250      5,893
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/31   1,480      1,661
1 Oakland Unified School District/Alameda County GO 5.000%   8/1/32   5,910      6,608
  Oakland Unified School District/Alameda County GO 5.000%   8/1/32   2,470      2,745
  Oakland Unified School District/Alameda County GO 5.000%   8/1/33   1,200      1,331
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/33   2,540      2,994
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/34   4,500      4,632
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/34   3,445      4,052
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/35   5,210      5,338
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/36   7,970      8,126
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/37   3,465      3,530
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/37   1,565      1,614
  Oakland Unified School District/Alameda County GO 5.000%   8/1/37   3,000      3,303
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/38   2,355      2,429
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/39   3,890      4,014
1 Oakland Unified School District/Alameda County GO 3.000%   8/1/40   6,000      5,448
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/40   4,280      4,372
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/41   4,645      4,745
  Oakland Unified School District/Alameda County GO, Prere. 5.000%   8/1/25   2,375      2,594
  Oakland Unified School District/Alameda County GO, Prere. 5.000%   8/1/25   2,615      2,856
  Oakland Unified School District/Alameda County GO, Prere. 5.000%   8/1/25   1,350      1,474
  Oakland Unified School District/Alameda County GO, Prere. 5.000%   8/1/25   2,500      2,730
2 Oceanside CA Unified School District GO 4.000%   8/1/33   3,500      3,578
64

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Oceanside CA Unified School District GO 4.000%   8/1/38     500        528
1 Oceanside CA Unified School District GO 4.000%   8/1/40   1,320      1,384
  Ohlone Community College District GO 5.000%   8/1/22     760        765
  Ohlone Community College District GO 4.000%   8/1/34   3,920      4,072
  Ohlone Community College District GO 4.000%   8/1/35   4,290      4,444
1 Ontario International Airport Authority Port, Airport & Marina Revenue 4.000%  5/15/41   1,250      1,273
  Ontario Public Financing Authority Water Revenue, Prere. 5.250%   7/1/23   1,285      1,335
  Ontario Public Financing Authority Water Revenue, Prere. 5.250%   7/1/23   1,765      1,834
  Ontario Public Financing Authority Water Revenue, Prere. 5.250%   7/1/23   2,280      2,369
  Ontario Public Financing Authority Water Revenue, Prere. 5.250%   7/1/23   1,400      1,455
  Ontario Public Financing Authority Water Revenue, Prere. 5.250%   7/1/23   2,525      2,623
  Ontario Public Financing Authority Water Revenue, Prere. 5.250%   7/1/23   2,660      2,764
  Ontario Public Financing Authority Water Revenue, Prere. 5.250%   7/1/23   2,205      2,291
  Orange County CA Airport Port, Airport & Marina Revenue 5.000%   7/1/23     200        207
  Orange County CA Airport Port, Airport & Marina Revenue 5.000%   7/1/27     290        323
  Orange County Development Agency Successor Agency Tax Allocation Revenue (Santa Ana Heights Project Area) 5.000%   9/1/22   1,260      1,271
  Orange County Development Agency Successor Agency Tax Allocation Revenue (Santa Ana Heights Project Area) 5.000%   3/1/23   1,290      1,320
  Orange County Development Agency Successor Agency Tax Allocation Revenue (Santa Ana Heights Project Area) 5.000%   9/1/23   1,320      1,370
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/36   2,870      3,251
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/37   6,865      7,756
  Orange County Local Transportation Authority Sales Tax Revenue 5.000%  2/15/39   3,825      4,309
  Orange County Sanitation District Sewer Revenue 5.000%   2/1/30   9,925     10,546
  Orange County Water District Water Revenue 5.000%  8/15/32     860        998
  Orange County Water District Water Revenue 4.000%  8/15/35     790        846
  Orange County Water District Water Revenue 4.000%  8/15/41   1,100      1,131
  Orange County Water District Water Revenue, Prere. 5.000%  8/15/23   8,000      8,325
7 Orange Unified School District GO 5.000%   8/1/40   2,975      3,513
1 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/32   1,045      1,125
1 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/34   1,130      1,165
1 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/36   1,170      1,201
1 Oxnard CA Gas Tax Fuel Sales Tax Revenue 4.000%   9/1/37     770        790
  Oxnard Union High School District GO 4.000%   8/1/23     210        216
  Oxnard Union High School District GO 4.000%   8/1/24     200        208
  Oxnard Union High School District GO 5.000%   8/1/26     850        947
  Oxnard Union High School District GO 5.000%   8/1/27     750        852
  Oxnard Union High School District GO 5.000%   8/1/28     500        565
  Oxnard Union High School District GO 5.000%   8/1/29     850        957
  Oxnard Union High School District GO 4.000%   8/1/30   2,000      2,129
  Oxnard Union High School District GO 4.000%   8/1/31     750        794
  Oxnard Union High School District GO 4.000%   8/1/32     325        346
  Oxnard Union High School District GO 4.000%   8/1/33     375        398
  Oxnard Union High School District GO 4.000%   8/1/35   1,125      1,183
  Oxnard Union High School District GO 4.000%   8/1/36     750        784
  Oxnard Union High School District GO 4.000%   8/1/37   1,220      1,274
  Oxnard Union High School District GO 4.000%   8/1/38   1,630      1,695
  Oxnard Union High School District GO 4.000%   8/1/39   1,000      1,038
  Oxnard Union High School District GO 4.000%   8/1/40   1,515      1,567
  Pajaro Valley Unified School District GO 4.000%   8/1/33     225        236
  Pajaro Valley Unified School District GO 4.000%   8/1/34     250        262
  Pajaro Valley Unified School District GO 4.000%   8/1/35     300        313
  Pajaro Valley Unified School District GO 4.000%   8/1/36     250        260
  Pajaro Valley Unified School District GO 5.000%   8/1/38   1,155      1,269
  Palm Desert CA Special Assesment Revenue 2.000%   9/2/22     235        235
  Palm Desert CA Special Assesment Revenue 4.000%   9/2/26     670        689
  Palm Desert CA Special Assesment Revenue 4.000%   9/2/31     800        808
  Palm Desert CA Special Assesment Revenue 4.000%   9/2/37   1,200      1,198
2 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/24   1,050      1,120
2 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/25   1,075      1,173
2 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/26   1,100      1,226
2 Palm Desert Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  10/1/27   1,200      1,342
  Palm Springs Unified School District GO 5.000%   8/1/22   1,565      1,575
  Palm Springs Unified School District GO 4.000%   8/1/31   4,160      4,276
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/22     675        681
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/23     400        416
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/24     725        771
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/25     740        802
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/25     550        598
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/26     830        918
  Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/26     700        777
65

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/27     430        477
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/28   1,355      1,500
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/29   1,275      1,408
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/31     415        456
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/32   1,435      1,576
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/33     750        823
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/34     500        548
4 Palmdale Community Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/34   2,000      2,191
  Palo Alto CA Special Assesment Revenue 5.000%   9/2/27   1,000      1,009
  Palo Alto Unified School District GO 0.000%   8/1/24  15,890     15,130
  Palomar Community College District GO 5.000%   8/1/30     520        582
  Palomar Community College District GO 5.000%   8/1/31     400        447
  Palomar Community College District GO 5.000%   8/1/32     300        333
  Palomar Community College District GO 5.000%   8/1/33   2,805      3,110
  Palomar Community College District GO 5.000%   8/1/35   2,485      2,748
  Palomar Community College District GO, Prere. 5.000%   5/1/25     120        130
  Palomar Community College District GO, Prere. 5.000%   5/1/25      15         16
  Palomar Community College District GO, Prere. 4.000%   8/1/25   2,140      2,272
  Palomar Community College District GO, Prere. 4.000%   8/1/25   2,390      2,537
  Palomar Health COP 5.000%  11/1/23     600        622
  Palomar Health COP 5.000%  11/1/24     665        702
  Palomar Health COP 5.000%  11/1/26     445        485
  Palomar Health COP 5.000%  11/1/27     750        824
  Palomar Health COP 5.000%  11/1/32   4,550      4,872
4 Palomar Health GO 0.000%   8/1/22   7,315      7,292
11 Palomar Health GO 0.000%   8/1/24   5,130      4,833
11 Palomar Health GO 0.000%   8/1/26   1,250      1,101
  Palomar Health GO 5.000%   8/1/26     310        338
4 Palomar Health GO 0.000%   8/1/27  16,165     13,658
11 Palomar Health GO 0.000%   8/1/27   8,095      6,874
11 Palomar Health GO 0.000%   8/1/28     500        408
  Palomar Health GO 5.000%   8/1/28   1,640      1,788
  Palomar Health GO 5.000%   8/1/28   8,570      9,349
11 Palomar Health GO 0.000%   8/1/29   7,210      5,653
  Palomar Health GO 5.000%   8/1/29     875        954
  Palomar Health GO 5.000%   8/1/29   4,340      4,735
  Palomar Health GO 4.000%   8/1/30   2,150      2,248
  Palomar Health GO 5.000%   8/1/30   1,130      1,232
  Palomar Health GO 4.000%   8/1/31   1,550      1,611
  Palomar Health GO 5.000%   8/1/31     800        872
  Palomar Health GO 4.000%   8/1/32   5,010      5,180
  Palomar Health GO 5.000%   8/1/33   1,320      1,436
  Palomar Health GO 0.000%   8/1/34     225        138
  Palomar Health GO 4.000%   8/1/34   1,000      1,024
  Palomar Health GO 0.000%   8/1/35     595        349
  Palomar Health GO 4.000%   8/1/35     100        102
  Palomar Health GO 0.000%   8/1/36     510        285
  Palomar Health GO 4.000%   8/1/36   5,015      5,095
  Palomar Health GO 0.000%   8/1/37   1,210        643
  Palomar Health GO 3.000%   8/1/37     250        226
  Palomar Health GO 4.000%   8/1/37   4,195      4,255
11 Palomar Health GO 7.000%   8/1/38   3,510      4,217
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/23   2,410      2,503
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/24   2,390      2,524
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/25   2,250      2,417
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/26   1,875      2,044
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/28     345        372
  Palomar Health, Hospital, Nursing Home Revenue 4.000%  11/1/39   8,895      8,903
4 Palos Verdes Peninsula Unified School District GO 0.000%  11/1/26     320        286
1 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%   8/1/22   2,965      2,983
1 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%   8/1/23   2,485      2,579
4 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 0.000%   8/1/26   6,050      5,245
2 Paramount Unified School District GO 4.000%   8/1/30      70         77
2 Paramount Unified School District GO 4.000%   8/1/31     125        137
2 Paramount Unified School District GO 4.000%   8/1/32     150        162
2 Paramount Unified School District GO 4.000%   8/1/33     145        156
2 Paramount Unified School District GO 4.000%   8/1/34     150        161
2 Paramount Unified School District GO 4.000%   8/1/35     300        320
2 Paramount Unified School District GO 4.000%   8/1/37     390        412
66

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Paramount Unified School District GO 4.000%   8/1/38     690        725
2 Paramount Unified School District GO 4.000%   8/1/39     470        493
2 Paramount Unified School District GO 4.000%   8/1/40     450        470
  Pasadena Unified School District GO 5.000%   8/1/24   1,085      1,156
  Pasadena Unified School District GO 5.000%   8/1/25     750        815
  Pasadena Unified School District GO 5.000%   8/1/25   1,000      1,087
  Pasadena Unified School District GO 5.000%   8/1/26   1,015      1,128
  Pasadena Unified School District GO 5.000%   8/1/26     510        567
  Pasadena Unified School District GO 4.000%   8/1/32   1,115      1,163
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/33     595        682
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/35     750        857
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/36   1,000      1,142
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/37   1,000      1,139
  Peninsula Corridor CA Joint Powers Board Transit Revenue 5.000%  10/1/38     600        681
  Peralta Community College District GO 5.000%   8/1/23   1,000      1,039
  Peralta Community College District GO 5.000%   8/1/25     510        554
  Peralta Community College District GO 5.000%   8/1/25     500        543
  Peralta Community College District GO 4.000%   8/1/26   1,500      1,584
  Peralta Community College District GO 5.000%   8/1/26     650        721
  Peralta Community College District GO 5.000%   8/1/27   1,490      1,613
  Peralta Community College District GO 5.000%   8/1/27   1,000      1,130
  Peralta Community College District GO 5.000%   8/1/28   2,455      2,655
  Peralta Community College District GO 5.000%   8/1/28     555        635
  Peralta Community College District GO 5.000%   8/1/29   3,115      3,362
  Peralta Community College District GO 5.000%   8/1/29   1,085      1,255
  Peralta Community College District GO 5.000%   8/1/30   2,260      2,434
  Peralta Community College District GO 5.000%   8/1/30   3,380      3,957
  Peralta Community College District GO 5.000%   8/1/31   1,650      1,777
  Peralta Community College District GO 5.000%   8/1/31   1,225      1,451
  Peralta Community College District GO 5.000%   8/1/32   4,340      4,672
  Peralta Community College District GO 5.000%   8/1/34   3,025      3,254
4 Perris Union High School District GO 0.000%   9/1/25   1,130      1,037
  Perris Union High School District GO 4.000%   9/1/30     215        232
  Perris Union High School District GO 4.000%   9/1/31     350        376
  Perris Union High School District GO 4.000%   9/1/33     600        642
  Perris Union High School District GO 3.000%   9/1/36   1,000        954
  Perris Union High School District GO 3.000%   9/1/38     800        741
  Perris Union High School District GO 3.000%   9/1/39     850        781
  Perris Union High School District GO 3.000%   9/1/40   1,000        910
  Perris Union High School District GO 2.125%   9/1/41   2,500      1,847
  Piedmont Unified School District GO 3.000%   8/1/39     180        173
  Pittsburg CA Water Revenue 5.000%   8/1/22     250        252
1 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/25     855        907
1 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/26     900        955
1 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/27   1,220      1,294
1 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/28   1,285      1,362
1 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/29   1,350      1,428
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/25   2,965      2,737
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/26     150        134
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/29     355        287
1 Placentia-Yorba Linda Unified School District COP 5.000%  10/1/22     385        389
1 Placentia-Yorba Linda Unified School District COP 5.000%  10/1/23     500        521
1 Placentia-Yorba Linda Unified School District COP 4.000%  10/1/24   1,410      1,470
1 Placentia-Yorba Linda Unified School District COP 4.000%  10/1/25   1,500      1,586
1 Placentia-Yorba Linda Unified School District COP 4.000%  10/1/26   2,345      2,512
1 Placentia-Yorba Linda Unified School District COP 4.000%  10/1/27   2,555      2,760
1 Placentia-Yorba Linda Unified School District COP 4.000%  10/1/28   2,905      3,143
1 Placentia-Yorba Linda Unified School District COP 5.000%  10/1/31     180        195
  Placentia-Yorba Linda Unified School District GO 5.000%   8/1/22   1,325      1,333
  Placentia-Yorba Linda Unified School District GO 5.000%   8/1/24   1,125      1,196
  Placentia-Yorba Linda Unified School District GO 5.000%   8/1/25   1,785      1,940
  Placentia-Yorba Linda Unified School District GO 0.000%   8/1/31     150        112
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/36   1,500      1,459
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/37   1,500      1,420
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/38   1,000        926
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/39   1,250      1,150
67

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Placer CA Union High School District GO 0.000%   8/1/30   2,400      1,863
  Pleasant Valley School District/Ventura County GO 4.000%   8/1/36     425        447
  Pleasant Valley School District/Ventura County GO 4.000%   8/1/37     925        972
  Pleasant Valley School District/Ventura County GO 4.000%   8/1/38     515        538
  Pleasant Valley School District/Ventura County GO 4.000%   8/1/39     865        903
  Pleasant Valley School District/Ventura County GO 4.000%   8/1/40     880        914
  Pleasanton Unified School District GO 4.000%   8/1/34   1,050      1,100
  Pleasanton Unified School District GO 4.000%   8/1/35   1,000      1,044
  Pleasanton Unified School District GO 4.000%   8/1/36     800        831
  Pomona CA Local or Guaranteed Housing Revenue, ETM 7.600%   5/1/23   1,280      1,331
2 Pomona Unified School District GO 5.000%   8/1/22     440        443
2 Pomona Unified School District GO 5.000%   8/1/26     450        478
1 Pomona Unified School District GO 4.000%   8/1/32   1,175      1,220
  Pomona Unified School District GO 4.000%   8/1/37     920        972
1 Pomona Unified School District GO 2.125%   8/1/41   3,250      2,490
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/30   4,045      4,449
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/31   2,560      2,810
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/32   4,340      4,758
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/33   3,615      3,959
  Port of Los Angeles Port, Airport & Marina Revenue 4.000%   8/1/34   3,000      3,072
  Port of Los Angeles Port, Airport & Marina Revenue 4.000%   8/1/35   2,685      2,739
  Port of Los Angeles Port, Airport & Marina Revenue 5.000%   8/1/36   1,985      2,090
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/27   1,250      1,399
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/28   1,610      1,793
  Port of Oakland Port, Airport & Marina Revenue 5.000%  11/1/29     950      1,055
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/22     100        101
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/23     100        103
1 Porterville CA Water (Water System Financing Project) COP 5.000%  8/15/24     100        106
1 Porterville CA Water (Water System Financing Project) COP 5.000%  8/15/25     150        163
1 Porterville CA Water (Water System Financing Project) COP 5.000%  8/15/26     125        139
1 Porterville CA Water (Water System Financing Project) COP 5.000%  8/15/27     115        130
1 Porterville CA Water (Water System Financing Project) COP 5.000%  8/15/28     125        143
1 Porterville CA Water (Water System Financing Project) COP 5.000%  8/15/29     150        174
1 Porterville CA Water (Water System Financing Project) COP 5.000%  8/15/30     170        200
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/31     125        136
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/32     150        163
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/33     155        166
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/34     150        155
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/35     235        243
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/36     200        206
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/37     175        180
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/38     220        226
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/39     270        278
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/40     225        229
  Portola Valley School District GO 3.000%   8/1/35     875        863
  Portola Valley School District GO 3.000%   8/1/36     640        623
  Portola Valley School District GO 3.000%   8/1/37     700        663
  Portola Valley School District GO 3.000%   8/1/38     675        625
  Portola Valley School District GO 3.000%   8/1/39     725        667
  Portola Valley School District GO 3.000%   8/1/40     530        484
  Poway Redevelopment Agency Successor Agency Tax Allocation Revenue (Paguay Redevelopment Project) 5.000%  6/15/22   2,225      2,228
  Poway Redevelopment Agency Successor Agency Tax Allocation Revenue (Paguay Redevelopment Project) 5.000% 12/15/22   3,535      3,603
  Poway Redevelopment Agency Successor Agency Tax Allocation Revenue (Paguay Redevelopment Project) 5.000%  6/15/23   3,325      3,439
  Poway Redevelopment Agency Successor Agency Tax Allocation Revenue (Paguay Redevelopment Project) 5.000% 12/15/26   1,370      1,501
  Poway Unified School District GO 5.000%   8/1/27   1,625      1,724
  Poway Unified School District GO 0.000%   8/1/28   9,070      7,611
  Poway Unified School District GO 0.000%   8/1/29  10,310      8,350
  Poway Unified School District GO 0.000%   8/1/30     100         78
  Poway Unified School District GO 4.000%   8/1/30   8,190      8,419
  Poway Unified School District GO 0.000%   8/1/31   2,375      1,782
  Poway Unified School District GO 0.000%   8/1/34   3,500      2,327
  Poway Unified School District Public Financing Authority Special Tax Revenue 4.000%   9/1/22     855        861
2 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/22     715        722
2 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/23   1,180      1,229
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/23   1,000      1,041
2 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/24   1,000      1,066
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/24   1,525      1,622
2 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/25     775        844
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/25   1,765      1,919
68

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/26   1,000      1,091
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/26   2,505      2,782
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/26     890        935
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/27     950        996
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/29     960        999
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/30   1,185      1,228
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/31   1,240      1,284
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/32   1,350      1,397
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/33   1,445      1,494
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/34   1,530      1,581
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/35   1,630      1,684
  Poway Unified School District Public Financing Authority Special Tax Revenue, ETM 4.000%  9/15/22     435        438
  Poway Unified School District Public Financing Authority Special Tax Revenue, Prere. 5.000%  9/15/23     975      1,016
  Poway Unified School District Public Financing Authority Special Tax Revenue, Prere. 5.000%  9/15/23     950        990
  Poway Unified School District Special Tax Revenue 3.000%   9/1/22     115        115
  Poway Unified School District Special Tax Revenue 3.000%   9/1/22     155        155
  Poway Unified School District Special Tax Revenue 3.000%   9/1/23     180        183
  Poway Unified School District Special Tax Revenue 4.000%   9/1/23     130        134
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/24     150        156
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/25     145        153
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/26     190        203
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/27     315        338
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/29     265        287
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/29     390        422
1 Poway Unified School District Special Tax Revenue 5.000%   9/1/32     345        398
1 Poway Unified School District Special Tax Revenue 5.000%   9/1/32     325        375
1 Poway Unified School District Special Tax Revenue 2.875%   9/1/33     180        170
1 Poway Unified School District Special Tax Revenue 3.000%   9/1/34     405        395
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/34     500        536
1 Poway Unified School District Special Tax Revenue 3.000%   9/1/35     235        226
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/36     715        757
1 Poway Unified School District Special Tax Revenue 3.000%   9/1/37     500        468
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/38     835        878
1 Poway Unified School District Special Tax Revenue 3.125%   9/1/39     565        529
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/40     970      1,013
  Poway Unified School District Special Tax Revenue, ETM 5.000%   9/1/22     455        459
  Poway Unified School District Special Tax Revenue, Prere. 5.000%   9/1/22   1,565      1,579
  Poway Unified School District Special Tax Revenue, Prere. 5.000%   9/1/22     990        999
  Poway Unified School District Special Tax Revenue, Prere. 5.000%   9/1/22   1,190      1,201
  Poway Unified School District Special Tax Revenue, Prere. 5.000%   9/1/22   2,515      2,538
  Rancho Cordova CA Special Tax Revenue 3.000%   9/1/23     135        135
  Rancho Cordova CA Special Tax Revenue 3.000%   9/1/24     150        149
  Rancho Cordova CA Special Tax Revenue 3.000%   9/1/25     165        163
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/26     180        185
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/27     200        206
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/29     240        246
2,7 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/31     715        812
2,7 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/32     800        919
2,7 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/33   1,000      1,137
2,7 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/34   1,000      1,128
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/37     500        498
2,7 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/38   4,900      5,409
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/41     390        376
1 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/27   1,700      1,807
1 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/28   2,800      2,975
1 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/30   1,500      1,589
1 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/31   1,400      1,482
1 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/32   1,710      1,809
1 Rancho Santiago Community College District GO 0.000%   9/1/30   1,000        776
  Ravenswood CA City School District GO 4.000%   8/1/32     130        139
  Ravenswood CA City School District GO 4.000%   8/1/33     150        160
  Ravenswood CA City School District GO 4.000%   8/1/34     150        160
  Ravenswood CA City School District GO 4.000%   8/1/36     270        284
  Ravenswood CA City School District GO 4.000%   8/1/38     975      1,019
  Ravenswood CA City School District GO 4.000%   8/1/40     590        613
69

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/22     395        395
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/22   1,100      1,100
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/24   1,000      1,059
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/24     750        794
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/25     830        899
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/25     730        791
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/26   1,000      1,107
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/27   1,350      1,524
  Redding CA Electric System Electric Power & Light Revenue 5.000%   6/1/30     800        911
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/24     300        318
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/25     375        407
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/26     675        739
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/27   1,000      1,092
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/28   1,000      1,090
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/30     775        843
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/32     475        517
4 Redding Joint Powers Financing Authority Electric Power & Light Revenue 3.750%   6/1/35     500        509
  Redwood City Public Facilities & Infrastructure Authority Lease (Abatement) Revenue 3.000%   6/1/38   1,845      1,718
3 Redwood City Redevelopment Agency Successor Agency Tax Allocation Revenue 0.000%  7/15/25   3,350      3,090
  Redwood City School District GO 3.000%   8/1/33   1,430      1,420
  Redwood City School District GO 3.000%   8/1/40   1,490      1,361
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/28   1,000      1,145
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/30   1,285      1,465
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/32     470        532
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/33     760        859
  Rialto Redevelopment Agency Tax Allocation Revenue (Merged Project Area) 5.000%   9/1/37   3,250      3,642
  Richmond CA Wastewater Sewer Revenue 5.000%   8/1/32   1,370      1,578
  Richmond CA Wastewater Sewer Revenue 5.000%   8/1/33   1,060      1,218
  Richmond CA Wastewater Sewer Revenue 4.000%   8/1/35   3,285      3,479
  Richmond CA Wastewater Sewer Revenue 4.000%   8/1/37   2,000      2,101
  Richmond CA Wastewater Sewer Revenue 5.000%   8/1/39     760        859
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%   5/1/24   1,000      1,058
  Richmond Joint Powers Financing Authority Lease (Abatement) Revenue 5.500%  11/1/29      90         98
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/22     600        609
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/24     600        637
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/25   1,000      1,083
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/26     750        826
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/27   1,065      1,190
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/28   1,225      1,383
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/29   1,600      1,821
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/31   1,000      1,131
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/34   3,025      3,403
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/35   1,210      1,360
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/36   1,670      1,874
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/37   1,600      1,795
  Rio Elementary School District Community Facilities District Special Tax Revenue, Prere. 5.000%   9/1/24   1,000      1,065
  Rio Elementary School District Community Facilities District Special Tax Revenue, Prere. 5.000%   9/1/24   1,000      1,065
  Rio Elementary School District Community Facilities District Special Tax Revenue, Prere. 5.000%   9/1/24   1,000      1,065
  Rio Elementary School District Community Facilities District Special Tax Revenue, Prere. 5.000%   9/1/24   2,300      2,449
  Rio Hondo CA Community College District GO 0.000%   8/1/31   2,045      1,548
  River Islands Public Financing Authority Special Tax Revenue 4.000%   9/1/41   1,000        956
  River Islands Public Financing Authority Special Tax Revenue 4.000%   9/1/46   1,295      1,213
  Riverside CA Electric Power & Light Revenue 5.000%  10/1/37   1,000      1,131
  Riverside CA Sewer Revenue 5.000%   8/1/22   2,160      2,174
  Riverside CA Sewer Revenue 5.000%   8/1/24   2,020      2,148
  Riverside CA Sewer Revenue 5.000%   8/1/26     600        667
  Riverside CA Sewer Revenue 5.000%   8/1/27   1,055      1,196
  Riverside CA Sewer Revenue 5.000%   8/1/30   2,680      3,059
  Riverside CA Sewer Revenue 5.000%   8/1/32   6,675      7,207
  Riverside Community College District GO 3.000%   8/1/33     770        768
  Riverside Community College District GO 4.000%   8/1/34   3,630      3,861
  Riverside Community College District GO 3.000%   8/1/35     725        715
  Riverside Community College District GO 3.000%   8/1/36   1,000        973
  Riverside Community College District GO 3.000%   8/1/36   2,000      1,945
  Riverside Community College District GO 3.000%   8/1/37   2,125      2,012
  Riverside Community College District GO 3.000%   8/1/38   1,890      1,750
  Riverside Community College District GO 3.000%   8/1/38   3,665      3,394
  Riverside Community College District GO 3.000%   8/1/39   2,110      1,940
  Riverside Community College District GO 3.000%   8/1/39   3,500      3,219
70

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Riverside Community College District GO, Prere. 0.000%   2/1/25   2,755      2,359
  Riverside Community College District GO, Prere. 0.000%   2/1/25   1,650      1,347
  Riverside Community College District GO, Prere. 5.000%   8/1/25   3,080      3,364
4 Riverside County Asset Leasing Corp. Lease (Abatement) Revenue (Riverside County Hospital Project) 0.000%   6/1/25   8,735      8,058
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/28     500        539
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/30   1,070      1,141
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/32   1,150      1,213
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/35   1,930      2,018
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/36   2,010      2,090
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/37   1,000      1,039
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project), ETM 5.000%  11/1/22   1,800      1,828
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project), ETM 5.000%  11/1/23   2,100      2,198
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project), Prere. 4.125%  11/1/25     595        637
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project), Prere. 5.000%  11/1/25   9,885     10,861
  Riverside County Public Financing Authority Lease (Abatement) Revenue (Capital Facilities Project), Prere. 5.000%  11/1/25  10,620     11,668
1 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%   9/1/22   1,830      1,846
  Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/22     350        354
1 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%   9/1/23   2,445      2,539
2 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/33   3,535      3,936
2 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/35   1,220      1,353
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/22   1,320      1,336
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/22     375        379
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/23   1,905      1,984
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/24   2,005      2,136
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/25   1,440      1,569
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/27   1,160      1,262
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/27     520        578
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/30     750        828
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/31   2,930      3,100
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/32   3,075      3,251
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/32     590        649
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/33   1,230      1,299
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/37   1,015      1,107
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue (Jurupa Valley Redevelopment Project Area) 5.000%  10/1/29     875        949
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue (Jurupa Valley Redevelopment Project Area) 3.000%  10/1/35     340        332
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/31   5,000      3,445
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/32   4,000      2,627
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/33   5,500      3,445
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/34   3,500      2,091
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/37   1,580      1,608
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/38   1,595      1,619
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/39   1,865      1,889
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/40   1,400      1,415
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/41   3,500      3,534
  Riverside County Transportation Commission Highway Revenue, ETM 0.000%   6/1/22   2,500      2,500
  Riverside County Transportation Commission Highway Revenue, ETM 0.000%   6/1/23   3,630      3,572
  Riverside County Transportation Commission Highway Revenue, ETM 0.000%   6/1/24   6,985      6,697
  Riverside County Transportation Commission Sales Tax Revenue, Prere. 5.250%   6/1/23   2,000      2,072
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/22     560        569
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/23     325        340
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/24     300        321
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/25     300        328
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/26     375        419
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/27     480        546
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/28     565        652
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/29     360        415
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/30     630        722
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/31     600        685
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/32     550        625
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/33     635        720
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/34     650        736
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/35   1,100      1,242
  Riverside Public Financing Authority Lease (Abatement) Revenue (Main Library Project) 5.000%  11/1/36     935      1,053
  Riverside Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/25   1,750      1,896
  Riverside Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/27   1,385      1,468
  Riverside Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/29   1,265      1,339
  Riverside Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/31   1,045      1,105
71

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Riverside Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/33   1,055      1,115
  Riverside Unified School District Financing Authority Miscellaneous Revenue, Prere. 5.000%   9/1/22   1,410      1,423
  Riverside Unified School District Financing Authority Miscellaneous Revenue, Prere. 5.000%   9/1/22   1,555      1,570
  Riverside Unified School District Financing Authority Miscellaneous Revenue, Prere. 5.000%   9/1/22   1,615      1,630
  Riverside Unified School District Financing Authority Miscellaneous Revenue, Prere. 5.000%   9/1/22   1,710      1,726
  Riverside Unified School District GO 4.000%   8/1/29     850        909
  Riverside Unified School District GO 4.000%   8/1/30     850        905
  Riverside Unified School District GO 4.000%   8/1/31   1,250      1,323
  Riverside Unified School District GO 4.000%   8/1/34   1,135      1,189
  Riverside Unified School District GO 4.000%   8/1/35   2,110      2,203
  Riverside Unified School District GO 3.000%   8/1/36   2,000      1,889
  Riverside Unified School District GO 3.000%   8/1/37   2,000      1,879
  Riverside Unified School District GO 3.000%   8/1/38   2,310      2,156
  Riverside Unified School District GO 3.000%   8/1/39   5,000      4,636
  Riverside Unified School District GO 3.000%   8/1/40   7,500      6,909
  Riverside Unified School District GO 4.000%   8/1/42   1,480      1,520
4 Rocklin Unified School District GO 0.000%   8/1/23   7,030      6,877
4 Rocklin Unified School District GO 0.000%   8/1/24   2,965      2,823
  Romoland School District Special Tax Revenue 4.000%   9/1/26     100        103
  Romoland School District Special Tax Revenue 4.000%   9/1/28     100        103
  Romoland School District Special Tax Revenue 4.000%   9/1/29     100        102
  Romoland School District Special Tax Revenue 4.000%   9/1/31     100        101
  Romoland School District Special Tax Revenue 4.000%   9/1/32     100        101
  Romoland School District Special Tax Revenue 4.000%   9/1/33     100        100
  Romoland School District Special Tax Revenue 4.000%   9/1/34     100        100
  Romoland School District Special Tax Revenue 4.000%   9/1/35     115        115
  Roseville CA Electric System Intergovernmental Agreement Revenue 5.000%   2/1/29     330        368
  Roseville CA Electric System Intergovernmental Agreement Revenue 5.000%   2/1/30     200        222
  Roseville CA Electric System Intergovernmental Agreement Revenue 5.000%   2/1/32     250        276
  Roseville CA Electric System Intergovernmental Agreement Revenue 5.000%   2/1/33     350        385
  Roseville CA Electric System Intergovernmental Agreement Revenue 5.000%   2/1/34     250        275
  Roseville CA Electric System Intergovernmental Agreement Revenue 4.000%   2/1/36   4,530      4,689
  Roseville CA Electric System Intergovernmental Agreement Revenue, Prere. 5.000%   8/1/24     770        820
  Roseville CA Electric System Intergovernmental Agreement Revenue, Prere. 5.000%   8/1/24     530        564
  Roseville CA Electric System Intergovernmental Agreement Revenue, Prere. 5.000%   8/1/24   1,310      1,395
  Roseville CA Electric System Intergovernmental Agreement Revenue, Prere. 5.000%   8/1/24   1,000      1,065
  Roseville CA Electric System Intergovernmental Agreement Revenue, Prere. 5.000%   8/1/24   3,425      3,648
  Roseville CA Special Tax Revenue 3.000%   9/1/23      30         30
  Roseville CA Special Tax Revenue 4.000%   9/1/24      55         56
  Roseville CA Special Tax Revenue 4.000%   9/1/25      50         51
  Roseville CA Special Tax Revenue 4.000%   9/1/26     110        113
  Roseville CA Special Tax Revenue 4.000%   9/1/26     100        102
  Roseville CA Special Tax Revenue 4.000%   9/1/27     220        227
  Roseville CA Special Tax Revenue 4.000%   9/1/27     120        123
  Roseville CA Special Tax Revenue 4.000%   9/1/28     205        211
  Roseville CA Special Tax Revenue 4.000%   9/1/28     205        209
  Roseville CA Special Tax Revenue 4.000%   9/1/29     200        205
  Roseville CA Special Tax Revenue 4.000%   9/1/29     240        244
  Roseville CA Special Tax Revenue 4.000%   9/1/30     125        127
  Roseville CA Special Tax Revenue 4.000%   9/1/30      85         86
  Roseville CA Special Tax Revenue 4.000%   9/1/31     165        166
  Roseville CA Special Tax Revenue 4.000%   9/1/32     265        265
  Roseville CA Special Tax Revenue 4.000%   9/1/33     250        251
  Roseville CA Special Tax Revenue 4.000%   9/1/33     570        569
  Roseville CA Special Tax Revenue 4.000%   9/1/34     500        497
  Roseville CA Special Tax Revenue 4.000%   9/1/36     750        749
  Roseville CA Special Tax Revenue 4.000%   9/1/36     485        484
  Roseville CA Special Tax Revenue 2.500%   9/1/37   1,540      1,184
  Roseville CA Special Tax Revenue 4.000%   9/1/37     225        223
  Roseville CA Special Tax Revenue 4.000%   9/1/40     750        729
  Roseville CA Special Tax Revenue 4.000%   9/1/41     305        294
  Roseville CA Special Tax Revenue 4.000%   9/1/41   2,290      2,218
  Roseville CA Special Tax Revenue 4.000%   9/1/41     500        484
  Roseville Finance Authority Special Tax Revenue 4.000%   9/1/22   1,000      1,007
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/23     550        573
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/24   1,100      1,172
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/27   1,100      1,247
  Roseville Finance Authority Special Tax Revenue 5.000%   9/1/29     750        846
1 Roseville Finance Authority Special Tax Revenue 5.000%   9/1/30   2,000      2,243
72

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Roseville Finance Authority Special Tax Revenue 5.000%   9/1/31   2,665      2,980
2 Roseville Joint Union High School District (School Financing Project) COP 1.000%   6/1/26     300        273
2 Roseville Joint Union High School District (School Financing Project) COP 1.125%   6/1/27     370        330
2 Roseville Joint Union High School District (School Financing Project) COP 1.250%   6/1/28     615        535
2 Roseville Joint Union High School District (School Financing Project) COP 2.125%   6/1/35   2,000      1,671
  Roseville Joint Union High School District GO 0.000%   8/1/23     275        269
  Roseville Joint Union High School District GO 0.000%   8/1/24     580        551
  Roseville Joint Union High School District GO 0.000%   8/1/25     555        512
  Roseville Joint Union High School District GO 0.000%   8/1/26     500        448
  Roseville Joint Union High School District GO 5.000%   8/1/27     185        208
  Roseville Joint Union High School District GO 0.000%   8/1/28     500        415
1 Roseville Joint Union High School District GO 0.000%   8/1/29   3,215      2,600
  Roseville Joint Union High School District GO 0.000%   8/1/29   1,085        864
  Roseville Joint Union High School District GO 5.000%   8/1/29     200        223
  Roseville Joint Union High School District GO 0.000%   8/1/30   1,000        761
  Roseville Joint Union High School District GO 5.000%   8/1/30     300        333
1 Roseville Joint Union High School District GO 0.000%   8/1/31   6,815      5,104
  Roseville Joint Union High School District GO 0.000%   8/1/31   1,585      1,149
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/24   1,115      1,158
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/27     455        493
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/28     670        730
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/22     445        450
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/24     300        321
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/26     280        299
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/27     650        692
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/28     250        266
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/29     500        532
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/33   1,280      1,361
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/34   1,340      1,424
  Sacramento CA City Unified School District GO 5.000%   7/1/22     380        381
1 Sacramento CA City Unified School District GO 5.000%   7/1/22     940        943
1 Sacramento CA City Unified School District GO 4.000%   8/1/22     750        753
1 Sacramento CA City Unified School District GO 5.000%   8/1/23   1,575      1,633
  Sacramento CA City Unified School District GO 5.000%   8/1/23     455        471
1 Sacramento CA City Unified School District GO 4.000%   7/1/24     500        518
1 Sacramento CA City Unified School District GO 4.000%   7/1/25     605        635
1 Sacramento CA City Unified School District GO 5.000%   8/1/27     345        375
  Sacramento CA City Unified School District GO 5.000%   8/1/27     205        230
1 Sacramento CA City Unified School District GO 4.000%   7/1/28     625        670
1 Sacramento CA City Unified School District GO 5.000%   8/1/28     220        238
1 Sacramento CA City Unified School District GO 4.000%   7/1/29     230        247
1 Sacramento CA City Unified School District GO 4.000%   8/1/29     200        215
1 Sacramento CA City Unified School District GO 4.000%   8/1/30     200        215
1 Sacramento CA City Unified School District GO 5.000%   8/1/30     385        416
1 Sacramento CA City Unified School District GO 5.000%   7/1/31     655        657
1 Sacramento CA City Unified School District GO 4.000%   8/1/31     220        235
1 Sacramento CA City Unified School District GO 4.000%   8/1/33     200        211
1 Sacramento CA City Unified School District GO 4.000%   8/1/34     605        632
1 Sacramento CA City Unified School District GO 5.000%   8/1/34     100        108
1 Sacramento CA City Unified School District GO 4.000%   8/1/35     450        467
1 Sacramento CA City Unified School District GO 4.000%   8/1/37   1,000      1,028
1 Sacramento CA City Unified School District GO 4.000%   8/1/39   2,000      2,058
1 Sacramento CA City Unified School District GO 4.000%   8/1/41   1,700      1,733
  Sacramento CA Special Tax Revenue 3.000%   9/1/23     220        221
  Sacramento CA Special Tax Revenue 3.000%   9/1/24     395        395
  Sacramento CA Special Tax Revenue 4.000%   9/1/26     505        521
  Sacramento CA Special Tax Revenue 4.000%   9/1/28     635        657
  Sacramento CA Special Tax Revenue 4.000%   9/1/30     260        263
  Sacramento CA Special Tax Revenue 4.000%   9/1/31     220        222
  Sacramento CA Special Tax Revenue 4.000%   9/1/32     315        317
  Sacramento CA Special Tax Revenue 4.000%   9/1/34     560        561
  Sacramento CA Special Tax Revenue 4.000%   9/1/36     660        653
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/27   1,535      1,701
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/27   3,735      4,150
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/28   1,605      1,799
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/29   1,240      1,387
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/30     930      1,039
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/31   2,000      2,235
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/31   1,600      1,783
73

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/32   1,395      1,556
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/33     985      1,097
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/34   1,250      1,390
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/34   1,520      1,686
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/35   2,000      2,221
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/37   2,405      2,666
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/38   1,290      1,428
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/38   1,375      1,518
  Sacramento CA Water Revenue, Prere. 5.000%   9/1/23   3,210      3,342
2 Sacramento City Financing Authority Lease (Abatement) Revenue 5.000%  12/1/32   1,300      1,411
2 Sacramento City Financing Authority Lease (Abatement) Revenue 5.000%  12/1/33   1,725      1,870
4 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/25   5,000      4,535
4 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/27  15,815     13,384
4 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/31   5,000      3,609
4 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/34   3,990      2,532
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/22     520        521
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/22     380        381
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/23     965        997
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/23     345        356
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/24   1,195      1,262
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/24     245        259
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/25   1,175      1,268
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/25     805        868
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/25   1,175      1,268
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/25   2,185      2,357
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/26   1,440      1,582
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/26   1,325      1,456
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/26   1,410      1,549
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/26   1,080      1,187
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/27   1,000      1,115
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/27   1,815      2,025
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/28   1,410      1,581
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/29     500        557
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/29     500        557
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/29   2,310      2,573
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/30   1,280      1,419
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/30   1,250      1,385
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/30   3,410      3,775
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/31     500        553
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/31   1,845      2,037
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/32   1,175      1,296
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/32     665        734
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/32   1,510      1,660
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/33     750        826
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/35   1,000      1,069
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/36   2,000      2,137
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/36   1,250      1,372
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/37   2,530      2,774
2 Sacramento County CA Airport System Port, Airport & Marina Revenue 4.000%   7/1/38     960      1,003
  Sacramento County CA Airport System Port, Airport & Marina Revenue 4.000%   7/1/40   4,000      4,165
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/41   2,000      2,129
  Sacramento County CA Airport System Port, Airport & Marina Revenue, ETM 5.000%   7/1/22     595        597
  Sacramento County CA Airport System Port, Airport & Marina Revenue, ETM 5.000%   7/1/22   1,000      1,003
  Sacramento County CA Airport System Port, Airport & Marina Revenue, ETM 5.000%   7/1/23     465        481
  Sacramento County CA Airport System Port, Airport & Marina Revenue, ETM 5.000%   7/1/23   1,000      1,035
  Sacramento County CA Airport System Port, Airport & Marina Revenue, ETM 5.000%   7/1/24     600        636
  Sacramento County CA Airport System Port, Airport & Marina Revenue, ETM 5.000%   7/1/24   1,000      1,061
1 Sacramento County CA COP 5.000%  10/1/25   1,490      1,627
1 Sacramento County CA COP 5.000%  10/1/26   1,045      1,164
  Sacramento County CA COP 5.000%  10/1/27   1,100      1,239
1 Sacramento County CA COP 5.000%  10/1/27     660        747
1 Sacramento County CA COP 5.000%  10/1/28     695        798
1 Sacramento County CA COP 5.000%  10/1/29   1,700      1,975
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/24     900        966
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/25   1,325      1,455
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/26   1,155      1,296
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/27   2,725      3,106
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/28   2,725      3,151
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/28   4,000      4,625
74

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/29   3,610      4,235
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 5.000%  12/1/30   3,400      4,042
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 3.000%  12/1/34  11,500     11,368
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%  12/1/30   2,055      2,172
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%  12/1/34   5,335      5,634
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/22   4,000      4,032
3 Sacramento Municipal Utility District Electric Power & Light Revenue 5.250%   7/1/24   5,360      5,550
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/25   2,555      2,778
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/25   1,500      1,631
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/26   2,540      2,817
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/26   2,000      2,218
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/17/23  13,745     14,125
  Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/15/25   4,715      5,046
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/35     850        881
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/36     680        701
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/37     950        978
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/38   2,820      2,905
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/39   2,930      3,020
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/40   1,045      1,067
  Sacramento Regional Transit District Transit Revenue 4.000%   3/1/41   1,075      1,097
  Salinas Union High School District GO 4.000%   8/1/36   1,000      1,051
  Salinas Union High School District GO 4.000%   8/1/37   1,000      1,050
  Salinas Union High School District GO 4.000%   8/1/38   1,200      1,254
  Salinas Union High School District GO 4.000%   8/1/39   1,000      1,044
  Salinas Union High School District GO 4.000%   8/1/40   1,000      1,039
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/22     225        228
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/23     350        364
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/24     470        500
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/25     560        609
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/26     890        988
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/27   1,245      1,407
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/28   2,315      2,654
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/29   1,415      1,616
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/30   1,115      1,269
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/33   1,370      1,545
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/35   2,500      2,813
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/38   3,250      3,633
1 San Bernardino City Unified School District GO 5.000%   8/1/22   1,525      1,534
1 San Bernardino City Unified School District GO 5.000%   8/1/23   1,100      1,142
4 San Bernardino City Unified School District GO 0.000%   8/1/27     310        266
2,4 San Bernardino City Unified School District GO 0.000%   8/1/27     455        391
1 San Bernardino City Unified School District GO 5.000%   8/1/28     470        531
1 San Bernardino City Unified School District GO 1.250%   8/1/29     450        394
1 San Bernardino City Unified School District GO 4.000%   8/1/29   1,100      1,202
1 San Bernardino City Unified School District GO 5.000%   8/1/29     550        619
1 San Bernardino City Unified School District GO 0.000%   8/1/30  11,700      8,964
1 San Bernardino City Unified School District GO 5.000%   8/1/30     630        706
1 San Bernardino City Unified School District GO 1.625%   8/1/31   2,000      1,708
1 San Bernardino City Unified School District GO 4.000%   8/1/31     900        969
1 San Bernardino City Unified School District GO 5.000%   8/1/31     230        257
1 San Bernardino City Unified School District GO, Prere. 5.000%   8/1/23   1,310      1,361
1 San Bernardino Community College District GO 0.000%   8/1/23   2,655      2,598
  San Bernardino Community College District GO, Prere. 4.000%   8/1/23  10,660     10,957
  San Bernardino Community College District GO, Prere. 4.000%   8/1/23  12,010     12,345
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25   1,000        792
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25   1,100        828
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25   1,000        716
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25   1,100        749
  San Bernardino Community College District GO, Prere. 0.000%   8/1/25   1,165        755
  San Bernardino Community College District GO, Prere. 5.000%   8/1/25   8,370      9,128
  San Bernardino Community College District GO, Prere. 5.000%  8/15/25   5,000      5,466
  San Bernardino Community College District GO, Prere. 4.000%  8/16/27     125        136
  San Bernardino Community College District GO, Prere. 4.000%  8/16/27     220        240
  San Bernardino Community College District GO, Prere. 4.000%  8/16/27     255        278
  San Bernardino Community College District GO, Prere. 4.000%  8/16/27     370        404
  San Bernardino Community College District GO, Prere. 4.000%  8/16/27     475        518
  San Bernardino Community College District GO, Prere. 4.000%  8/16/27     665        725
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/24   4,005      4,269
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/25  15,420     16,809
75

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/26  13,900     15,469
  San Bernardino County CA (Arrowhead Project) COP 5.000%  10/1/27   9,670     10,941
4 San Bernardino County CA (Medical Center Financing Project) COP 5.500%   8/1/22   4,590      4,622
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/24  12,750     13,327
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/25   6,750      7,207
  San Diego Association of Governments Appropriations Revenue 5.000% 11/15/26  14,370     15,657
  San Diego Association of Governments Appropriations Revenue 1.800% 11/15/27  14,840     14,292
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/23     200        207
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/27     815        914
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/29   1,315      1,464
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/30     215        239
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/31   2,365      2,618
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/32   2,735      3,023
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/33     815        900
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/34   3,055      3,368
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/35   1,635      1,801
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/36   1,525      1,678
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/37   1,070      1,177
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/38   1,255      1,376
  San Diego CA Unified School District GO 5.000%   7/1/22   1,580      1,585
  San Diego CA Unified School District GO 4.000%   7/1/25   2,500      2,638
  San Diego CA Unified School District GO 5.000%   7/1/25   1,695      1,839
  San Diego CA Unified School District GO 5.000%   7/1/26   5,590      6,074
  San Diego CA Unified School District GO 0.000%   7/1/28   5,925      4,961
  San Diego CA Unified School District GO 5.000%   7/1/28   6,555      7,098
  San Diego CA Unified School District GO 5.000%   7/1/28     725        785
  San Diego CA Unified School District GO 0.000%   7/1/29   1,250      1,005
  San Diego CA Unified School District GO 0.000%   7/1/29   3,250      2,625
  San Diego CA Unified School District GO 5.000%   7/1/29     750        810
  San Diego CA Unified School District GO 5.000%   7/1/29   3,330      3,676
  San Diego CA Unified School District GO 0.000%   7/1/30   2,010      1,551
  San Diego CA Unified School District GO 0.000%   7/1/30   2,570      1,999
  San Diego CA Unified School District GO 0.000%   7/1/30   2,330      1,812
  San Diego CA Unified School District GO 0.000%   7/1/30   9,725      7,564
  San Diego CA Unified School District GO 0.000%   7/1/31   2,300      1,700
  San Diego CA Unified School District GO 5.000%   7/1/31   1,200      1,295
  San Diego CA Unified School District GO 5.000%   7/1/31   3,000      3,345
  San Diego CA Unified School District GO 0.000%   7/1/32   2,000      1,415
  San Diego CA Unified School District GO 4.000%   7/1/32   1,000      1,034
  San Diego CA Unified School District GO 4.000%   7/1/33   2,000      2,063
  San Diego CA Unified School District GO 5.000%   7/1/33   4,565      5,062
  San Diego CA Unified School District GO 0.000%   7/1/34   2,600      1,711
  San Diego CA Unified School District GO 4.000%   7/1/34   3,000      3,087
  San Diego CA Unified School District GO 4.000%   7/1/34   2,025      2,119
  San Diego CA Unified School District GO 4.000%   7/1/34   3,000      3,213
  San Diego CA Unified School District GO 4.000%   7/1/35   3,390      3,537
  San Diego CA Unified School District GO 4.000%   7/1/35   2,000      2,132
  San Diego CA Unified School District GO 4.000%   7/1/36   1,640      1,724
  San Diego CA Unified School District GO 4.000%   7/1/36   2,145      2,254
  San Diego CA Unified School District GO 4.000%   7/1/36   3,000      3,172
  San Diego CA Unified School District GO 3.000%   7/1/37   4,000      3,753
  San Diego CA Unified School District GO 4.000%   7/1/37   1,735      1,821
  San Diego CA Unified School District GO 4.000%   7/1/37   1,585      1,664
  San Diego CA Unified School District GO 3.000%   7/1/38   6,095      5,682
  San Diego CA Unified School District GO 4.000%   7/1/38   1,805      1,886
  San Diego CA Unified School District GO 4.000%   7/1/39   1,570      1,638
  San Diego CA Unified School District GO 4.000%   7/1/39   2,030      2,118
  San Diego CA Unified School District GO 5.000%   7/1/41      50         55
  San Diego CA Unified School District GO, ETM 0.000%   7/1/26   4,925      4,466
  San Diego CA Unified School District GO, ETM 0.000%   7/1/26   3,500      3,187
  San Diego CA Unified School District GO, ETM 0.000%   7/1/27   5,470      4,816
  San Diego CA Unified School District GO, ETM 0.000%   7/1/27   1,370      1,209
  San Diego CA Unified School District GO, ETM 0.000%   7/1/27   1,690      1,499
  San Diego CA Unified School District GO, ETM 0.000%   7/1/28   1,115        951
  San Diego CA Unified School District GO, ETM 0.000%   7/1/28     960        818
  San Diego CA Unified School District GO, ETM 0.000%   7/1/30     625        500
  San Diego CA Unified School District GO, Prere. 5.000%   7/1/23   7,610      7,891
  San Diego CA Unified School District GO, Prere. 5.000%   7/1/23   8,985      9,316
  San Diego CA Unified School District GO, Prere. 5.000%   7/1/23   5,125      5,314
76

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Diego Community College District GO, Prere. 5.000%   8/1/22   4,100      4,126
  San Diego Community College District GO, Prere. 5.000%   8/1/23   1,000      1,039
  San Diego Community College District GO, Prere. 5.000%   8/1/23   2,150      2,235
  San Diego Community College District GO, Prere. 4.000%   8/1/26  17,215     18,556
  San Diego County CA COP 5.000% 10/15/25   5,305      5,670
  San Diego County CA COP 5.000% 10/15/26   2,590      2,766
  San Diego County CA COP 5.000% 10/15/27   2,000      2,132
  San Diego County CA COP 5.000% 10/15/28   1,400      1,490
  San Diego County CA COP 5.000% 10/15/29   2,010      2,138
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/22     425        431
  San Diego County CA Health, Hospital, Nursing Home Revenue 4.000%  11/1/23   1,710      1,762
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/24     805        860
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/26   1,395      1,524
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/28   2,650      2,882
  San Diego County CA Health, Hospital, Nursing Home Revenue 5.000%  11/1/30   2,690      2,922
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/23   1,660      1,716
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/23   3,780      3,909
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/23     380        393
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/24   1,265      1,336
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/24   7,115      7,514
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/24     145        153
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/25   1,000      1,079
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/25     300        324
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26     200        220
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26   1,935      2,126
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26   5,310      5,834
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/26     400        439
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/27     360        401
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/27   2,035      2,267
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/27   5,465      6,088
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/27     400        446
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/28     475        524
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/28   1,140      1,278
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/28   5,570      6,244
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/28     335        376
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/29     310        340
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/29   2,755      3,116
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/29     380        430
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/30     590        645
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/30     780        876
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/31   1,600      1,791
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/31     345        391
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/31     925      1,059
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32   4,500      5,012
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32   1,000      1,089
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/32     360        406
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33   1,550      1,739
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33   2,670      2,959
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33   1,315      1,430
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33     455        510
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33     800        908
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34   1,870      2,063
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34   1,010      1,097
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/35   2,925      3,222
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/35   1,000      1,085
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36   2,765      2,998
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36     410        456
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36   5,800      6,383
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/37   1,500      1,560
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/37   1,600      1,680
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/37   1,690      1,831
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/37     560        623
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/38   1,905      1,978
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38   2,850      3,163
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38     585        649
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38   1,625      1,822
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39   3,035      3,362
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39     615        681
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39   6,025      6,604
77

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/40     650        719
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/40   4,115      4,552
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/41   1,430      1,491
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/33   1,030      1,216
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/34   1,000      1,178
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/36   1,000      1,170
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/38   3,665      4,266
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/39   4,590      5,333
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/40   4,265      4,947
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/41     200        218
  San Diego County Water Authority Water Revenue 5.000%   5/1/26   2,090      2,321
  San Diego County Water Authority Water Revenue 5.000%   5/1/28   3,000      3,441
  San Diego County Water Authority Water Revenue 5.000%   5/1/29   3,100      3,611
  San Diego County Water Authority Water Revenue 5.000%   5/1/30   2,200      2,599
  San Diego County Water Authority Water Revenue 5.000%   5/1/31   1,585      1,893
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/33     500        582
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/35   1,110      1,285
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%   8/1/37   3,360      3,760
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   8/1/38   2,350      2,470
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   8/1/40   3,365      3,513
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/33     500        580
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/37   1,000      1,154
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/38   1,000      1,152
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/39   2,565      2,951
  San Diego Public Facilities Financing Authority Lease (Abatement) Revenue (Capital Improvement Projects) 5.000% 10/15/41   1,630      1,869
  San Diego Public Facilities Financing Authority Sewer Revenue 5.000%  5/15/34   5,000      5,485
  San Diego Public Facilities Financing Authority Sewer Revenue 5.000%  5/15/35   5,205      5,704
  San Diego Public Facilities Financing Authority Sewer Revenue 5.000%  5/15/36   5,000      5,468
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/22   3,230      3,251
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/39     150        164
  San Diego Public Facilities Financing Authority Water Revenue, Prere. 5.000%   8/1/22   2,000      2,013
  San Diego Public Facilities Financing Authority Water Revenue, Prere. 5.000%   8/1/22   4,190      4,216
  San Diego Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/22   1,040      1,049
  San Diego Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/23   1,055      1,098
1 San Diego Redevelopment Agency Successor Agency Tax Allocation Revenue 0.000%   9/1/26   3,665      3,292
  San Dieguito School Facilities Financing Authority Special Tax Revenue 5.000%   3/1/32   1,000      1,125
  San Dieguito Union High School District GO 4.000%   8/1/32   1,065      1,111
  San Dieguito Union High School District GO 4.000%   8/1/35   1,855      1,922
  San Dieguito Union High School District GO 3.000%   8/1/37   1,000        947
  San Dieguito Union High School District GO 3.000%   8/1/38   4,000      3,704
  San Dieguito Union High School District GO 3.000%   8/1/39   1,220      1,122
  San Dieguito Union High School District GO 3.000%   8/1/40   1,235      1,128
  San Dieguito Union High School District GO 3.000%   8/1/41   1,250      1,134
  San Dieguito Union High School District GO, Prere. 4.000%   8/1/23   1,750      1,799
  San Francisco Bay Area Rapid Transit District GO 5.000%   8/1/28   1,685      1,827
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/34   6,595      6,816
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/34   4,005      4,292
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/35   1,625      1,739
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/35   2,985      3,083
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/39   2,500      1,955
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/40   2,000      1,545
  San Francisco Bay Area Rapid Transit District GO 2.000%   8/1/41   3,585      2,738
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/27   5,765      6,251
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/28   2,510      2,718
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 5.000%   7/1/30     675        729
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/34   1,615      1,690
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/36   3,170      3,289
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/37   2,510      2,602
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/38   3,045      3,146
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/39   2,240      2,312
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22     290        291
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22     690        692
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22     755        757
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22     780        782
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22   1,885      1,891
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Prere. 5.000%   7/1/22   2,045      2,051
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 4.000%  10/1/29   3,035      3,299
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/30   8,085      8,198
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 4.000%  10/1/30   6,225      6,705
78

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/31   8,405      8,463
  San Francisco CA City & County COP 5.000%   4/1/27  13,095     14,283
  San Francisco CA City & County COP 4.000%   4/1/28   2,015      2,190
  San Francisco CA City & County COP 5.000%   4/1/28     465        507
  San Francisco CA City & County COP 4.000%   4/1/29   2,095      2,268
  San Francisco CA City & County COP 4.000%   4/1/30   2,180      2,339
  San Francisco CA City & County COP 4.000%   4/1/31   2,265      2,423
  San Francisco CA City & County COP 4.000%   4/1/31   1,915      2,027
  San Francisco CA City & County COP 3.000%  10/1/31   6,075      6,122
  San Francisco CA City & County COP 4.000%   4/1/32   2,355      2,495
  San Francisco CA City & County COP 4.000%   4/1/33   2,450      2,591
  San Francisco CA City & County COP 4.000%   4/1/35   9,870     10,030
  San Francisco CA City & County COP 4.000%   4/1/36  10,665     10,795
  San Francisco CA City & County COP 4.000%   4/1/37   8,590      8,892
  San Francisco CA City & County COP 4.000%   4/1/38   4,935      5,092
  San Francisco CA City & County COP 4.000%   4/1/39   3,215      3,350
  San Francisco CA City & County COP 4.000%   4/1/40   3,420      3,548
  San Francisco CA City & County COP 4.000%   4/1/41   3,000      3,079
  San Francisco CA City & County COP 4.000%   4/1/41   3,640      3,772
  San Francisco CA City & County COP 4.000%   4/1/42   6,500      6,664
9 San Francisco CA City & County District No. 2020-1 Special Tax Revenue 4.000%   9/1/26     400        406
9 San Francisco CA City & County District No. 2020-1 Special Tax Revenue 4.000%   9/1/31     375        374
9 San Francisco CA City & County District No. 2020-1 Special Tax Revenue 4.000%   9/1/36   2,100      2,052
  San Francisco CA City & County GO 5.000%  6/15/23   2,220      2,224
  San Francisco CA City & County GO 5.000%  6/15/23   4,070      4,077
  San Francisco CA City & County GO 5.000%  6/15/24   2,335      2,339
  San Francisco CA City & County GO 5.000%  6/15/24   4,270      4,277
  San Francisco CA City & County GO 5.000%  6/15/25   4,485      4,492
  San Francisco CA City & County GO 5.000%  6/15/26   3,570      3,973
  San Francisco CA City & County GO 5.000%  6/15/27   1,680      1,909
  San Francisco CA City & County GO 4.000%  6/15/28   4,190      4,262
  San Francisco CA City & County GO 5.000%  6/15/28   1,000      1,153
  San Francisco CA City & County GO 4.000%  6/15/29   7,130      7,346
  San Francisco CA City & County GO 5.000%  6/15/30   4,360      5,166
  San Francisco CA City & County GO 2.000%  6/15/31   1,815      1,636
  San Francisco CA City & County GO 5.000%  6/15/31   2,715      3,260
  San Francisco CA City & County GO 2.000%  6/15/32   4,110      3,646
  San Francisco CA City & County GO 4.000%  6/15/32   5,460      5,825
  San Francisco CA City & County GO 5.000%  6/15/32   3,250      3,954
  San Francisco CA City & County GO 2.000%  6/15/33   4,775      4,174
  San Francisco CA City & County GO 4.000%  6/15/33   8,160      8,344
  San Francisco CA City & County GO 4.000%  6/15/33     200        213
  San Francisco CA City & County GO 5.000%  6/15/33   3,625      4,385
  San Francisco CA City & County GO 3.000%  6/15/34     100         99
  San Francisco CA City & County GO 4.000%  6/15/34     275        292
  San Francisco CA City & County GO 3.000%  6/15/35     500        496
  San Francisco CA City & County GO 4.000%  6/15/35     200        212
  San Francisco CA City & County GO 4.000%  6/15/37   1,145      1,217
  San Francisco CA City & County GO 3.500%  6/15/38   1,000      1,007
  San Francisco CA City & County GO 4.000%  6/15/40   2,000      2,091
  San Francisco CA City & County GO 4.000%  6/15/41   2,000      2,088
  San Francisco CA City & County GO 4.000%  6/15/42   4,500      4,691
  San Francisco CA City & County GO 4.000%  6/15/42   3,270      3,409
9,10 San Francisco CA City & County Local or Guaranteed Housing Revenue TOB VRDO 1.190%   6/2/22  25,000     25,000
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/22     945        960
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/23   1,425      1,491
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/25   6,035      6,520
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/27   7,755      8,366
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/28   5,410      5,825
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/28   2,640      2,818
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/28   3,830      4,089
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/28   1,830      1,954
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/29  12,685     13,637
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/29   3,300      3,523
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/29   4,025      4,297
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/29   1,925      2,055
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/30   3,660      3,859
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/33   7,655      8,476
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/34   2,015      2,246
79

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/35   8,145      8,998
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/36   1,100      1,178
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   3,470      3,723
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   3,650      3,916
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   3,835      4,115
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   4,230      4,538
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   4,450      4,774
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   4,680      5,021
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   2,500      2,682
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   5,000      5,365
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   4,000      4,292
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   5,090      5,461
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   2,025      2,173
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   2,130      2,285
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   2,240      2,403
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24   1,520      1,631
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24      35         38
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24     100        107
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24      25         27
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/24   5,775      5,975
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/24   1,700      1,791
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/24   3,245      3,418
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/25   3,625      3,787
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/25   2,110      2,271
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/25   6,180      6,653
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/27   2,040      2,237
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/28   2,220      2,425
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/29   1,885      2,050
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/29   7,240      8,319
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/30   5,000      5,706
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/30     100        108
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/31     635        685
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/31   4,150      4,706
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/31   2,750      3,201
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/32  10,125     11,424
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/32   5,510      6,373
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/34   2,000      2,303
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/35   5,000      5,747
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/36   9,090     10,165
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/36   2,000      2,296
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/37   7,750      8,104
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/37  10,800     12,062
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/38   8,125      8,482
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/38  10,000     11,152
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/39   5,875      6,123
80

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 4.000%   5/1/40   1,720      1,790
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue, ETM 5.000%   5/1/23   3,335      3,439
  San Francisco City & County Public Utilities Commission Power & Water Revenue 5.000%  11/1/27   1,000      1,079
  San Francisco City & County Public Utilities Commission Power & Water Revenue 5.000%  11/1/31   1,000      1,075
  San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue 4.000%  11/1/40   2,725      2,854
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 1.000%  10/1/25  25,000     23,562
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/26   5,865      6,401
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/26   1,795      1,959
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/27   1,885      2,053
7 San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/30   4,815      5,703
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/31   7,000      7,598
7 San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/31   4,000      4,792
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/32   3,000      3,255
7 San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/32   3,750      4,536
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/34   9,495     10,290
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/34   3,550      3,986
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/35     125        140
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/35   9,980     10,802
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/37   3,135      3,511
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/38   4,790      5,358
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/24     860        912
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/25     400        434
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/26   1,585      1,754
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/32   1,000      1,096
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/33     660        723
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/34     660        722
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/35     900        984
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/36     625        681
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/24     305        323
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/25     400        434
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/26     510        564
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/27     500        553
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/28     885        978
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/29     755        832
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/30     605        665
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/31     935      1,026
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/32     860        943
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/33     750        821
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/34     555        607
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/35     620        678
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/36     780        850
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/22     125        126
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/23     120        124
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/24     135        143
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/24     440        466
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/25     240        254
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/27     140        148
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/27     500        553
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/29     460        486
81

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/31     400        422
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/32     525        554
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/32     450        493
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/33     670        734
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/34     225        237
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/34     700        766
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/35     400        437
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/36     350        382
  San Francisco Community College District GO 5.000%  6/15/25   3,045      3,296
  San Francisco Community College District GO 5.000%  6/15/29     760        877
  San Francisco Community College District GO 5.000%  6/15/31     500        582
  San Francisco Community College District GO 5.000%  6/15/32     805        935
  San Francisco Community College District GO 4.000%  6/15/33     630        664
  San Francisco Community College District GO 4.000%  6/15/34     595        621
  San Francisco Municipal Transportation Agency Transit Revenue, Prere. 5.000%   3/1/23   1,585      1,627
  San Francisco Municipal Transportation Agency Transit Revenue, Prere. 5.000%   3/1/23   1,060      1,088
  San Francisco Municipal Transportation Agency Transit Revenue, Prere. 5.000%   3/1/23   2,170      2,228
  San Francisco Municipal Transportation Agency Transit Revenue, Prere. 5.000%   3/1/23   3,025      3,105
  San Francisco Municipal Transportation Agency Transit Revenue, Prere. 5.000%   3/1/24   1,640      1,731
  San Francisco Unified School District GO 5.000%  6/15/24   1,100      1,167
  San Francisco Unified School District GO 5.000%  6/15/27   6,475      6,851
  San Francisco Unified School District GO 5.000%  6/15/28  10,170     10,750
  San Francisco Unified School District GO 4.000%  6/15/33   3,140      3,326
  San Francisco Unified School District GO 4.000%  6/15/35   2,010      2,112
  San Francisco Unified School District GO 4.000%  6/15/36   2,540      2,652
  San Francisco Unified School District GO 3.000%  6/15/38  11,120     10,798
  San Francisco Unified School District GO 5.000%  6/15/38   4,000      4,588
  San Francisco Unified School District GO 3.000%  6/15/39   9,000      8,484
  San Francisco Unified School District GO 5.000%  6/15/39   2,065      2,365
  San Francisco Unified School District GO 3.000%  6/15/40   9,000      8,294
1 San Jacinto Unified School District COP 5.000%   9/1/23     470        489
1 San Jacinto Unified School District COP 5.000%   9/1/24     985      1,049
1 San Jacinto Unified School District COP 5.000%   9/1/29   1,255      1,459
1 San Jacinto Unified School District COP 5.000%   9/1/31   1,385      1,619
1 San Jacinto Unified School District COP 5.000%   9/1/33   1,525      1,772
1 San Jacinto Unified School District COP 5.000%   9/1/35   1,685      1,951
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/33   7,115      7,842
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/36   4,725      5,349
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/38   3,385      3,821
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/41   2,645      2,974
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/34   1,485      1,635
  San Joaquin County Transportation Authority Sales Tax Revenue 5.000%   3/1/35   5,750      6,315
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/24   7,140      6,912
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/27     100         86
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/31      50         36
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/32   1,160        796
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.000%  1/15/33   2,500      2,783
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/34      50         31
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/34   5,455      5,595
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/34   7,945      8,143
4 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/35     120         71
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/35   1,730      1,770
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/36   1,415      1,445
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/37     435        443
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/38     610        620
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/39     315        320
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/40     485        491
  San Joaquin Hills Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/23  16,000     15,867
  San Joaquin Hills Transportation Corridor Agency Highway Revenue, ETM 0.000%   1/1/25  14,750     13,992
  San Joaquin Hills Transportation Corridor Agency Highway Revenue, Prere. 5.000%  1/15/25  12,510     13,455
  San Joaquin Regional Rail Commission COP 5.000%   5/1/23     210        216
  San Joaquin Regional Rail Commission COP 5.000%   5/1/24     230        243
82

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Joaquin Regional Rail Commission COP 5.000%   5/1/25     200        216
  San Joaquin Regional Rail Commission COP 5.000%   5/1/26     200        220
  San Joaquin Regional Rail Commission COP 5.000%   5/1/27     170        191
  San Joaquin Regional Rail Commission COP 5.000%   5/1/28     225        256
  San Joaquin Regional Rail Commission COP 5.000%   5/1/29     275        316
  San Joaquin Regional Rail Commission COP 5.000%   5/1/30     375        436
  San Joaquin Regional Rail Commission COP 5.000%   5/1/31     700        819
  San Joaquin Regional Rail Commission COP 5.000%   5/1/32     725        845
  San Joaquin Regional Rail Commission COP 5.000%   5/1/33     760        884
  San Joaquin Regional Rail Commission COP 5.000%   5/1/34     765        888
  San Joaquin Regional Rail Commission COP 4.000%   5/1/35     370        383
  San Joaquin Regional Rail Commission COP 4.000%   5/1/36     375        387
  San Joaquin Regional Rail Commission COP 4.000%   5/1/37     510        526
  San Joaquin Regional Rail Commission COP 4.000%   5/1/38     620        639
  San Joaquin Regional Rail Commission COP 4.000%   5/1/39     500        516
  San Joaquin Regional Rail Commission COP 4.000%   5/1/40   1,275      1,302
  San Jose Evergreen Community College District GO 4.000%   9/1/29     600        652
  San Jose Evergreen Community College District GO 4.000%   9/1/30     700        753
  San Jose Evergreen Community College District GO 4.000%   9/1/31     700        751
  San Jose Evergreen Community College District GO 4.000%   9/1/32     985      1,047
  San Jose Evergreen Community College District GO 4.000%   9/1/33     850        902
  San Jose Evergreen Community College District GO 3.000%   9/1/37   2,250      2,168
  San Jose Evergreen Community College District GO 3.000%   9/1/38   2,325      2,170
  San Jose Evergreen Community College District GO, Prere. 5.000%   9/1/24   1,000      1,068
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/22   3,500      3,522
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/24   5,000      5,307
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/26   3,650      4,044
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/27   2,455      2,771
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/29     320        359
  San Jose Unified School District GO 5.000%   8/1/22     500        503
  San Jose Unified School District GO 5.000%   8/1/26     775        861
  San Jose Unified School District GO 5.000%   8/1/27     780        883
4 San Jose Unified School District GO 0.000%   8/1/29   2,500      2,022
1 San Juan Unified School District GO 0.000%   8/1/25  10,000      9,296
1 San Juan Unified School District GO 0.000%   8/1/26  12,215     11,047
  San Juan Unified School District GO 3.000%   8/1/27   3,375      3,478
  San Juan Unified School District GO 3.000%   8/1/27   6,670      6,873
  San Juan Unified School District GO 4.000%   8/1/28   1,765      1,918
  San Juan Unified School District GO 4.000%   8/1/29   1,030      1,115
  San Juan Unified School District GO 4.000%   8/1/30     700        753
  San Juan Unified School District GO 4.000%   8/1/31   3,250      3,406
  San Juan Unified School District GO 4.000%   8/1/31   1,000      1,069
  San Juan Unified School District GO 4.000%   8/1/32   1,270      1,349
  San Juan Unified School District GO 3.000%   8/1/36   2,630      2,505
  San Juan Unified School District GO 2.375%   8/1/40   2,000      1,627
2 San Leandro Unified School District GO 4.000%   8/1/27     150        161
2 San Leandro Unified School District GO 4.000%   8/1/28     200        217
2 San Leandro Unified School District GO 4.000%   8/1/29     375        404
2 San Leandro Unified School District GO 4.000%   8/1/30     355        380
2 San Leandro Unified School District GO 4.000%   8/1/31     415        440
2 San Leandro Unified School District GO 4.000%   8/1/32     525        551
2 San Leandro Unified School District GO 4.000%   8/1/33     400        417
2 San Leandro Unified School District GO 4.000%   8/1/34     670        693
2 San Leandro Unified School District GO 4.000%   8/1/34   1,200      1,253
2 San Leandro Unified School District GO 4.000%   8/1/35     275        283
2 San Leandro Unified School District GO 4.000%   8/1/35   1,325      1,374
2 San Leandro Unified School District GO 4.000%   8/1/36   1,230      1,258
2 San Leandro Unified School District GO 4.000%   8/1/37     905        925
2 San Leandro Unified School District GO 4.000%   8/1/38     810        828
2 San Leandro Unified School District GO 4.000%   8/1/39     400        409
  San Lorenzo Unified School District GO 4.000%   8/1/34     375        396
  San Lorenzo Unified School District GO 4.000%   8/1/36     300        313
  San Lorenzo Unified School District GO 4.000%   8/1/38     550        572
  San Lorenzo Unified School District GO 4.000%   8/1/39   1,000      1,038
  San Lorenzo Unified School District GO 4.000%   8/1/40     565        584
2 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project), Prere. 5.000%   3/1/23     855        877
2 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project), Prere. 5.000%   3/1/23     970        995
2 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project), Prere. 5.000%   3/1/23     500        513
2 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project), Prere. 5.000%   3/1/23   1,070      1,098
83

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project), Prere. 5.000%   3/1/23     600        615
2 San Luis & Delta Mendota Water Authority Water Revenue (DHCCP Development Project), Prere. 5.000%   3/1/23   2,790      2,862
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 3.000%   9/1/23     130        131
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/28     155        161
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/30     120        121
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/32     100        101
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/33     100        100
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/36     325        325
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/39     660        654
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/41     150        145
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/25     800        869
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/26     635        705
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/27     600        678
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/28     890      1,000
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/30     750        834
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/31   1,060      1,173
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/32     850        939
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/33   1,135      1,253
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/35   1,000      1,101
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/36   1,325      1,459
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/37   1,750      1,926
  San Marcos Unified School District GO 0.000%   8/1/25   2,300      2,128
  San Marcos Unified School District GO 0.000%   8/1/30   2,000      1,565
  San Marcos Unified School District GO 5.000%   8/1/30   4,050      4,536
  San Marcos Unified School District GO 0.000%   8/1/31   2,000      1,502
  San Marcos Unified School District GO 5.000%   8/1/31   3,625      4,048
  San Marcos Unified School District GO 0.000%   8/1/32   2,500      1,801
  San Marcos Unified School District GO 4.000%   8/1/32     300        316
  San Marcos Unified School District GO 5.000%   8/1/34   3,565      3,951
  San Marcos Unified School District GO 5.000%   8/1/35   4,040      4,468
  San Marcos Unified School District GO 5.000%   8/1/36   3,375      3,726
4 San Mateo County Community College District GO 0.000%   9/1/22   5,675      5,658
4 San Mateo County Community College District GO 0.000%   9/1/24   2,825      2,694
4 San Mateo County Community College District GO 0.000%   9/1/30   5,760      4,556
  San Mateo County Community College District GO 4.000%   9/1/34   2,670      2,839
  San Mateo County Transit District Sales Tax Revenue 4.000%   6/1/22     600        600
  San Mateo County Transit District Sales Tax Revenue 5.000%   6/1/22     805        805
  San Mateo County Transit District Sales Tax Revenue 5.000%   6/1/31   1,365      1,474
  San Mateo Foster CA City School District GO, Prere. 4.000%   8/1/25   1,580      1,677
  San Mateo Foster City Public Financing Authority Lease (Abatement) Revenue (Street & Flood Control Project) 4.000%   5/1/38     600        623
  San Mateo Foster City Public Financing Authority Lease (Abatement) Revenue (Street & Flood Control Project) 4.000%   5/1/39     600        622
  San Mateo Foster City Public Financing Authority Lease (Abatement) Revenue (Street & Flood Control Project) 4.000%   5/1/40     550        568
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 5.000%   8/1/34     920      1,055
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/35   1,535      1,626
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 5.000%   8/1/36   1,505      1,716
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/37   2,750      2,888
  San Mateo Foster City Public Financing Authority Sewer Revenue (Clean Water Program) 4.000%   8/1/39   1,275      1,331
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%  7/15/22   1,335      1,341
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 5.000%  7/15/23   1,630      1,691
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  7/15/32   4,500      4,692
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  7/15/33   5,000      5,207
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 3.000%  6/15/37   4,755      4,503
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 3.000%  6/15/38   4,900      4,540
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 3.000%  6/15/39   5,045      4,641
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  6/15/23   1,210      1,252
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  6/15/27   2,000      2,116
1 San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/35   4,875      5,479
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/36   6,075      6,814
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 5.000%  7/15/37   6,435      7,204
  San Mateo Union High School District GO 4.000%   9/1/33   3,540      3,700
  San Mateo Union High School District GO 4.000%   9/1/33   1,950      2,038
  San Mateo Union High School District GO 4.000%   9/1/35   1,585      1,654
  San Mateo Union High School District GO, Prere. 0.000%   9/1/23   2,725      2,564
  San Mateo Union High School District GO, Prere. 5.000%   9/1/23   1,315      1,368
  San Mateo Union High School District GO, Prere. 5.000%   9/1/23     725        754
  San Mateo Union High School District GO, Prere. 5.000%   9/1/23   1,285      1,338
  San Mateo Union High School District GO, Prere. 5.000%   9/1/23     715        744
  San Mateo Union High School District GO, Prere. 4.000%   9/1/25   3,155      3,354
1 San Pablo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  11/1/42   3,815      4,004
84

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/22   1,000      1,001
1 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/23   1,250      1,291
1 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/27   1,770      1,872
1 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/28   1,860      1,966
1 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/30   2,275      2,399
4 San Rafael CA City High School District GO 0.000%   8/1/25     410        378
4 San Rafael CA City High School District GO 0.000%   8/1/26   3,315      2,969
4 San Rafael CA City High School District GO 0.000%   8/1/29   6,505      5,232
  San Rafael CA City High School District GO 4.000%   8/1/35   1,075      1,139
  San Rafael CA City High School District GO 4.000%   8/1/36   1,200      1,262
  San Rafael CA City High School District GO 3.000%   8/1/38   1,200      1,111
  San Rafael CA City High School District GO 3.000%   8/1/39   1,000        920
  San Rafael CA City High School District GO 3.000%   8/1/40   1,450      1,325
4 San Rafael City Elementary School District GO 0.000%   8/1/25   1,765      1,626
4 San Rafael City Elementary School District GO 0.000%   8/1/29   3,025      2,424
  San Rafael City Elementary School District GO 3.000%   8/1/34     325        322
  San Rafael City Elementary School District GO 3.000%   8/1/37     825        805
  San Ramon CA COP 4.000%   6/1/37   1,225      1,269
3 San Ramon Public Financing Authority Tax Allocation Revenue 0.000%   2/1/25   1,020        946
3 San Ramon Public Financing Authority Tax Allocation Revenue 0.000%   2/1/27   1,700      1,473
3 San Ramon Public Financing Authority Tax Allocation Revenue 0.000%   2/1/28   1,800      1,500
2 San Ramon Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   2/1/25   1,520      1,632
2 San Ramon Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   2/1/26   1,595      1,713
2 San Ramon Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   2/1/27   1,670      1,791
  San Ramon Valley CA Unified School District GO, Prere. 4.000%   8/1/23   1,225      1,259
  San Ramon Valley CA Unified School District GO, Prere. 4.000%   8/1/23   1,225      1,259
  San Ramon Valley CA Unified School District GO, Prere. 4.000%   8/1/25   2,000      2,123
  San Ramon Valley Fire Protection District COP 4.000%   8/1/22      85         85
  San Ramon Valley Fire Protection District COP 4.000%   8/1/23     100        103
  San Ramon Valley Fire Protection District COP 4.000%   8/1/24     115        120
  San Ramon Valley Fire Protection District COP 4.000%   8/1/25     100        106
  San Ramon Valley Fire Protection District COP 4.000%   8/1/26     100        107
  San Ramon Valley Fire Protection District COP 4.000%   8/1/27     100        108
  San Ramon Valley Fire Protection District COP 4.000%   8/1/28     115        125
  San Ramon Valley Fire Protection District COP 4.000%   8/1/29     100        109
  San Ramon Valley Fire Protection District COP 4.000%   8/1/30     105        115
  San Ramon Valley Fire Protection District COP 4.000%   8/1/31     200        219
  San Ramon Valley Fire Protection District COP 4.000%   8/1/32     125        135
  San Ramon Valley Fire Protection District COP 4.000%   8/1/33     150        162
  San Ramon Valley Fire Protection District COP 4.000%   8/1/34     260        279
  San Ramon Valley Fire Protection District COP 4.000%   8/1/36     530        561
  San Ramon Valley Fire Protection District COP 4.000%   8/1/37     300        317
  San Ramon Valley Fire Protection District COP 2.250%   8/1/38     290        237
  San Ramon Valley Fire Protection District COP 2.375%   8/1/39     870        716
  San Ramon Valley Fire Protection District COP 4.000%   8/1/40     300        313
2 San Ysidro School District (School Facilities Bridge Funding Program) COP, Prere. 5.000%   9/1/22     100        101
2 San Ysidro School District (School Facilities Bridge Funding Program) COP, Prere. 5.000%   9/1/22     200        202
2 San Ysidro School District (School Facilities Bridge Funding Program) COP, Prere. 5.000%   9/1/22     200        202
2 San Ysidro School District (School Facilities Bridge Funding Program) COP, Prere. 5.000%   9/1/22     320        323
4 San Ysidro School District GO 0.000%   8/1/26   4,770      4,187
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/33     435        511
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/38   2,000      2,313
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/41   6,780      7,804
2 Sanger Unified School District GO 3.000%   8/1/35     680        667
2 Sanger Unified School District GO 3.000%   8/1/36     750        730
2 Sanger Unified School District GO 3.000%   8/1/37     820        776
2 Sanger Unified School District GO 4.000%   8/1/37     330        340
2 Sanger Unified School District GO 3.000%   8/1/39     375        345
2 Sanger Unified School District GO 4.000%   8/1/39     330        341
2 Sanger Unified School District GO 4.000%   8/1/40     250        258
2 Sanger Unified School District GO 4.000%   8/1/41     325        336
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 5.000%   8/1/22     100        101
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 5.000%   8/1/24     130        138
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 5.000%   8/1/26     200        222
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 5.000%   8/1/27     250        283
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/28     275        296
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/29     350        374
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/30     500        532
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/31     510        540
85

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/32     500        526
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/33     880        925
1 Santa Ana Unified School District (Capital Appreciation-Financing Project) COP 0.000%   4/1/32   1,750      1,219
4 Santa Ana Unified School District GO 0.000%   8/1/31   4,020      2,938
  Santa Barbara Unified School District GO 4.000%   8/1/30     875        931
  Santa Barbara Unified School District GO 4.000%   8/1/30     300        319
  Santa Clara CA Electric Power & Light Revenue, Prere. 4.000%   1/1/23   4,720      4,788
  Santa Clara CA Electric Power & Light Revenue, Prere. 4.000%   1/1/23   5,200      5,275
  Santa Clara CA Electric Power & Light Revenue, Prere. 4.000%   1/1/23   5,230      5,306
  Santa Clara County CA GO 3.500%   8/1/38     160        160
  Santa Clara County Financing Authority Lease (Abatement) Revenue 5.000%  5/15/25   6,510      7,043
  Santa Clara County Financing Authority Lease (Abatement) Revenue 5.000%  5/15/26   6,800      7,360
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%  5/15/33   7,500      7,740
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/36   2,000      1,913
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/37   2,000      1,903
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/38   2,000      1,892
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/39   2,000      1,872
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/40   2,000      1,847
  Santa Clara Unified School District GO 5.000%   7/1/22   2,060      2,066
  Santa Clara Unified School District GO 5.000%   7/1/25   3,595      3,815
  Santa Clara Unified School District GO 4.000%   7/1/29   6,650      7,022
  Santa Clara Unified School District GO 4.000%   7/1/29   8,235      8,695
  Santa Clara Unified School District GO 4.000%   7/1/30   8,800      9,265
  Santa Clara Unified School District GO 3.000%   7/1/31   4,460      4,484
  Santa Clara Unified School District GO 3.000%   7/1/32   4,770      4,771
  Santa Clara Unified School District GO 3.000%   7/1/33   1,610      1,606
  Santa Clara Unified School District GO 3.000%   7/1/34   5,430      5,396
  Santa Clara Unified School District GO 3.000%   7/1/36   3,650      3,552
  Santa Clara Valley Water District COP 5.000%   6/1/22     550        550
4 Santa Clarita Community College District GO 0.000%   8/1/28     400        333
1 Santa Clarita Community College District GO 0.000%   8/1/29   3,030      2,433
1 Santa Clarita Community College District GO 0.000%   8/1/30   1,860      1,435
  Santa Clarita Community College District GO 3.000%   8/1/33     350        347
  Santa Clarita Community College District GO 3.000%   8/1/37     800        780
  Santa Clarita Community College District GO 3.000%   8/1/38     750        728
  Santa Clarita Community College District GO 3.000%   8/1/39     900        848
  Santa Clarita Community College District GO 3.000%   8/1/40     800        737
  Santa Clarita Community College District GO, Prere. 5.000%   8/1/22   5,450      5,485
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 3.000%   6/1/31     375        378
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 3.000%   6/1/32     340        340
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.000%   6/1/34     435        372
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.125%   6/1/35     445        383
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.250%   6/1/36     250        216
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.375%   6/1/38     400        341
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 2.500%   6/1/41     555        458
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 4.000%   6/1/33     365        393
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 3.000%   6/1/36     800        779
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 3.000%   6/1/39     900        828
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 3.000%   6/1/40     700        640
  Santa Monica CA Water Revenue 3.000%   8/1/38   1,535      1,444
  Santa Monica CA Water Revenue 3.000%   8/1/39   2,565      2,398
  Santa Monica CA Water Revenue 3.000%   8/1/40   2,575      2,392
  Santa Monica CA Water Revenue 3.000%   8/1/41   1,775      1,639
  Santa Monica Community College District GO 0.000%   8/1/24   4,510      4,287
  Santa Monica Community College District GO 0.000%   8/1/26  11,025      9,889
  Santa Monica Community College District GO 5.000%   8/1/30     500        569
  Santa Monica Community College District GO 5.000%   8/1/31     600        680
  Santa Monica Community College District GO 5.000%   8/1/32     535        605
  Santa Monica Community College District GO 4.000%   8/1/33     500        530
  Santa Monica Community College District GO 4.000%   8/1/34     655        691
  Santa Monica Community College District GO, Prere. 4.000%   8/1/24   2,000      2,090
  Santa Monica Community College District GO, Prere. 4.000%   8/1/24   2,565      2,680
  Santa Monica Community College District GO, Prere. 4.000%   8/1/24   3,510      3,668
  Santa Monica Public Financing Authority Lease (Abatement) Revenue (City Yards Project) 5.000%   7/1/33   1,925      2,267
  Santa Monica Public Financing Authority Lease (Abatement) Revenue (City Yards Project) 4.000%   7/1/38   2,365      2,497
  Santa Monica Public Financing Authority Lease (Abatement) Revenue (City Yards Project) 4.000%   7/1/41     665        696
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/28     100        108
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/29     150        162
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/30     220        236
86

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/32     350        371
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/34     500        527
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/36     345        360
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/37     620        646
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/38     520        540
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/39     750        778
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/41     400        413
  Santa Monica-Malibu Unified School District COP 4.000%   5/1/42     500        515
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/30     250        280
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/31     350        390
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/32     250        278
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/33     250        277
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/34     315        349
  Santa Monica-Malibu Unified School District GO 5.000%   7/1/35     350        387
  Santa Monica-Malibu Unified School District GO 4.000%   7/1/36     430        446
  Santa Monica-Malibu Unified School District GO 4.000%   7/1/37     465        482
  Santa Monica-Malibu Unified School District GO, Prere. 4.000%   8/1/25   1,600      1,699
  Santa Monica-Malibu Unified School District GO, Prere. 4.000%   8/1/25   1,150      1,221
  Santa Monica-Malibu Unified School District GO, Prere. 4.000%   8/1/25     160        170
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/22   1,165      1,176
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/25     815        888
  Santa Rosa CA Wastewater Sewer Revenue 5.000%   9/1/26     920      1,024
1,3 Santa Rosa CA Wastewater Sewer Revenue 0.000%   9/1/28  11,095      9,227
2 Santa Rosa Elementary School District GO 4.000%   8/1/36     750        789
2 Santa Rosa Elementary School District GO 4.000%   8/1/38     915        957
2 Santa Rosa Elementary School District GO 4.000%   8/1/42   1,000      1,036
1 Santa Rosa High School District GO 5.000%   8/1/28     500        553
1 Santa Rosa High School District GO 5.000%   8/1/30     800        882
1 Santa Rosa High School District GO 5.000%   8/1/32   1,095      1,206
1 Santa Rosa High School District GO 5.000%   8/1/34     990      1,089
2 Santa Rosa High School District GO 4.000%   8/1/35   1,520      1,610
1 Santa Rosa High School District GO 5.000%   8/1/35     750        824
2 Santa Rosa High School District GO 4.000%   8/1/37     425        446
2 Santa Rosa High School District GO 4.000%   8/1/40   1,105      1,148
2 Santa Rosa High School District GO 4.000%   8/1/41   1,000      1,038
2 Santa Rosa High School District GO 4.000%   8/1/42   1,000      1,036
  Santee CDC Successor Agency Tax Allocation Revenue 5.000%   8/1/22     570        573
  Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/22     100        101
  Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/24     180        187
  Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/26     690        728
2 Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/30     500        542
2 Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/33     600        646
2 Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/40     700        731
2 Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/41     275        287
  Saugus Union School District School Facilities Improvement District No. 2014-1 GO 3.000%   8/1/36   2,375      2,297
  Shasta-Tehama-Trinity Joint Community College District GO 5.000%   8/1/31     300        335
  Shasta-Tehama-Trinity Joint Community College District GO 5.000%   8/1/32     275        306
  Shasta-Tehama-Trinity Joint Community College District GO 4.000%   8/1/36     700        727
  Shasta-Tehama-Trinity Joint Community College District GO 4.000%   8/1/37   1,000      1,037
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/22     230        230
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/23     260        266
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/24     480        494
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/25     290        300
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/26     300        313
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/28     660        732
  Sierra View CA Local Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29     630        706
  Silicon Valley Clean Water Sewer Revenue, Prere. 5.000%   8/1/25   1,000      1,092
  Silicon Valley Clean Water Sewer Revenue, Prere. 5.000%   8/1/25   1,000      1,092
  Simi Valley Unified School District GO 5.000%   8/1/22   1,500      1,510
  Simi Valley Unified School District GO 5.000%   8/1/24   3,455      3,674
1 Simi Valley Unified School District GO 0.000%   8/1/26   3,030      2,703
  Simi Valley Unified School District GO 5.000%   8/1/26   2,025      2,252
1 Simi Valley Unified School District GO 0.000%   8/1/27   2,950      2,548
1 Simi Valley Unified School District GO 0.000%   8/1/28   4,785      3,983
  Simi Valley Unified School District GO 4.000%   8/1/32     200        211
  Simi Valley Unified School District GO 4.000%   8/1/33     190        200
  Simi Valley Unified School District GO 3.000%   8/1/34     320        317
  Simi Valley Unified School District GO 3.000%   8/1/35     525        515
  Simi Valley Unified School District GO 3.000%   8/1/36     750        734
87

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Simi Valley Unified School District GO 4.000%   8/1/36   1,240      1,287
  Simi Valley Unified School District GO 3.000%   8/1/37     500        488
  Simi Valley Unified School District GO 4.000%   8/1/37   1,320      1,369
  Simi Valley Unified School District GO 4.000%   8/1/38     350        362
  Simi Valley Unified School District GO 4.000%   8/1/39     365        377
1 Snowline Joint Unified School District COP 3.000%   9/1/34     400        398
  Solana Beach School District Special Tax Revenue 5.000%   9/1/29   2,115      2,134
  Solano Irrigation District COP 4.000%   8/1/41   3,935      4,019
  Sonoma County Junior College District GO 3.000%   8/1/39   1,055        988
  Sonoma County Transportation Authority Sales Tax Revenue 5.000%  12/1/22   2,520      2,566
  Sonoma Valley Unified School District GO 5.000%   8/1/25   1,250      1,365
  Sonoma Valley Unified School District GO 4.000%   8/1/41     200        207
  South Bay Union School District/San Diego County BAN GO 0.000%   8/1/22   2,250      2,244
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/31      10         12
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/31     310        356
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/32      15         18
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/32     485        555
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/33      30         35
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/33     905      1,033
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/34      45         53
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/34   1,300      1,480
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/37      75         88
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/37   2,165      2,456
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/38      90        105
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/38   2,540      2,873
  South Orange County Public Financing Authority Special Tax Revenue 5.000%  8/15/23   1,000      1,039
  South Orange County Public Financing Authority Special Tax Revenue 5.000%  8/15/25   1,250      1,284
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects at Orange) 5.000%   6/1/29     870        998
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects at Orange) 5.000%   6/1/31     365        425
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects at Orange) 5.000%   6/1/33     500        577
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/33     355        377
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/37     550        565
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/38     870        891
  South San Francisco Public Facilities Financing Authority Lease (Abatement) Revenue (Police Station Project) 4.000%   6/1/40     700        712
  South San Francisco Unified School District GO 4.000%   9/1/33   6,340      6,549
  South San Francisco Unified School District GO, Prere. 5.000%   9/1/25     150        164
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/25   6,790      7,285
  Southern California Public Power Authority Electric Power & Light Revenue (Apex Power Project) 5.000%   7/1/37   1,800      1,900
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/31   4,245      4,575
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/33  11,695     12,598
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/34   5,000      5,383
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) 5.000%   7/1/35   5,000      5,378
  Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) PUT 0.650%   7/1/25   5,245      4,822
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/26     320        355
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/27     350        396
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/28     585        672
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/29     480        559
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/30     400        473
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/31     375        441
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/32     520        608
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 5.000%   7/1/33     840        980
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/39   1,305      1,369
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/40     625        652
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/26     700        776
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/27   1,135      1,283
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/28   3,875      4,449
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/29   2,000      2,331
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/30   1,740      2,056
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/31   1,665      1,959
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/32   1,445      1,690
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/33   1,230      1,435
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/36   2,600      3,007
10 Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-20) VRDO 0.620%   6/1/22   5,700      5,700
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/22     500        507
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/23   5,540      5,744
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/24   5,000      5,276
88

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/25   7,025      7,533
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/26   4,255      4,627
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/28   2,425      2,648
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/29     395        434
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/33   8,055      9,028
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/22     900        906
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/26     750        816
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/27   1,460      1,588
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/29   1,500      1,622
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/31   1,470      1,589
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/32   2,410      2,605
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/33   2,325      2,512
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/34   4,825      5,209
  Southern California Water Replenishment District Intergovernmental Agreement Revenue 5.000%   8/1/35   2,840      3,063
  Southwestern Community College District GO 5.000%   8/1/29   1,000      1,103
  Southwestern Community College District GO 5.000%   8/1/29     300        338
  Southwestern Community College District GO 5.000%   8/1/30     300        336
  Southwestern Community College District GO 4.000%   8/1/31     300        318
  Southwestern Community College District GO 4.000%   8/1/32   1,000      1,043
  Southwestern Community College District GO 4.000%   8/1/32     250        263
  Southwestern Community College District GO 4.000%   8/1/33     300        315
  Southwestern Community College District GO 4.000%   8/1/33     250        271
  Southwestern Community College District GO 4.000%   8/1/34   1,760      1,828
  Southwestern Community College District GO 4.000%   8/1/35   1,500      1,554
  Southwestern Community College District GO 4.000%   8/1/35     350        376
  Southwestern Community College District GO 4.000%   8/1/36   1,200      1,247
  Southwestern Community College District GO 4.000%   8/1/36   1,360      1,423
  Southwestern Community College District GO 4.000%   8/1/37     730        762
  Southwestern Community College District GO 4.000%   8/1/37     400        425
  Southwestern Community College District GO 3.000%   8/1/38     900        833
  Southwestern Community College District GO 4.000%   8/1/38   1,750      1,809
  Southwestern Community College District GO 4.000%   8/1/38   1,110      1,154
  Southwestern Community College District GO 4.000%   8/1/39   1,745      1,812
  Southwestern Community College District GO 4.000%   8/1/40   1,890      1,955
  Southwestern Community College District GO, ETM 0.000%   8/1/24     750        718
  Southwestern Community College District GO, Prere. 0.000%   2/1/25   1,090      1,010
  Southwestern Community College District GO, Prere. 0.000%   2/1/25   2,000      1,782
  Southwestern Community College District GO, Prere. 0.000%   2/1/25   2,000      1,707
  Southwestern Community College District GO, Prere. 0.000%   2/1/25   2,535      2,064
8 St. Helena Unified School District GO, 4.000% coupon rate effective 8/1/23 0.000%   8/1/27   4,550      4,615
  State Center Community College District GO 5.000%   8/1/27     675        766
  State Center Community College District GO 4.000%   8/1/34   1,000      1,047
  State Center Community College District GO 4.000%   8/1/36   1,045      1,085
  State Center Community College District GO 4.000%   8/1/37   1,025      1,063
  State Center Community College District GO 3.000%   8/1/40   5,000      4,567
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/23     725        757
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/24     900        958
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/25   1,000      1,088
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/26   1,000      1,110
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/27   2,200      2,486
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/28   1,815      2,076
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/29   1,560      1,787
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/30   1,765      2,020
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/32   1,635      1,857
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/33   1,290      1,461
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/34   1,590      1,799
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/35   1,550      1,748
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 4.000%  10/1/37   1,730      1,769
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/22   1,000      1,009
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/23   1,015      1,057
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/24   1,000      1,063
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/25   1,250      1,330
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/26   1,375      1,462
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/27   1,250      1,327
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/28   2,215      2,351
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/29   1,055      1,120
2 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/22     950        957
2 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/23     660        679
2 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/24   1,090      1,133
89

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/25   1,100      1,158
2 Stockton Public Financing Authority Special Tax Revenue 4.000%   9/2/26   1,170      1,245
  Stockton Public Financing Authority Water Revenue (Delta Water Supply Project), Prere. 6.125%  10/1/23   1,000      1,059
1 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/28   1,965      2,174
1 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/29   1,500      1,657
1 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/33   2,890      3,170
1 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/34   2,070      2,268
  Stockton Unified School District GO 5.000%   8/1/22   2,650      2,667
1 Stockton Unified School District GO 5.000%   7/1/23   1,110      1,113
  Stockton Unified School District GO 5.000%   8/1/23   2,055      2,134
1 Stockton Unified School District GO 5.000%   7/1/24   1,570      1,574
2 Stockton Unified School District GO 5.000%   8/1/24     100        106
1 Stockton Unified School District GO 0.000%   8/1/27     740        636
2 Stockton Unified School District GO 5.000%   8/1/27     225        255
2 Stockton Unified School District GO 5.000%   8/1/28   1,000      1,060
2 Stockton Unified School District GO 5.000%   8/1/28     885      1,015
2 Stockton Unified School District GO 5.000%   8/1/29     600        636
2 Stockton Unified School District GO 5.000%   8/1/29     805        920
1 Stockton Unified School District GO 4.000%   8/1/30   1,960      2,015
2 Stockton Unified School District GO 5.000%   8/1/30   1,555      1,649
2 Stockton Unified School District GO 5.000%   8/1/30     130        148
2 Stockton Unified School District GO 5.000%   8/1/31   1,875      1,988
2 Stockton Unified School District GO 5.000%   8/1/32   2,060      2,182
1 Stockton Unified School District GO 0.000%   8/1/33     635        429
2 Stockton Unified School District GO 5.000%   8/1/33   2,250      2,379
2 Stockton Unified School District GO 3.250%   8/1/34     630        634
1 Stockton Unified School District GO 4.000%   8/1/34   4,250      4,587
2 Stockton Unified School District GO 5.000%   8/1/34   2,105      2,222
1 Stockton Unified School District GO 4.000%   8/1/35   3,000      3,220
1 Stockton Unified School District GO 4.000%   8/1/36   2,000      2,128
1 Stockton Unified School District GO 4.000%   8/1/37   2,250      2,390
1 Stockton Unified School District GO 4.000%   8/1/38   1,145      1,209
1 Stockton Unified School District GO 4.000%   8/1/39   2,620      2,762
1 Stockton Unified School District GO 4.000%   8/1/40   2,600      2,726
1 Stockton Unified School District GO 3.000%   8/1/41   1,000        908
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/23   1,110      1,156
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/25   1,000      1,064
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/26   1,275      1,358
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/27   1,360      1,448
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/28   1,280      1,363
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/29   2,255      2,395
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/30   1,000      1,062
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/37   1,925      2,030
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/38   3,015      3,163
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/39   2,000      2,095
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Green Bond-Civic Center Project) 4.000%   4/1/40   1,325      1,381
1 Sweetwater Union High School District GO 0.000%   8/1/23   1,575      1,531
  Sweetwater Union High School District GO 3.000%   8/1/23     815        821
2 Sweetwater Union High School District GO 5.000%   8/1/23   1,090      1,127
  Sweetwater Union High School District GO 3.000%   8/1/24     425        429
2 Sweetwater Union High School District GO 5.000%   8/1/24   1,140      1,204
  Sweetwater Union High School District GO 3.000%   8/1/25     455        459
  Sweetwater Union High School District GO 4.000%   8/1/27     250        260
2 Sweetwater Union High School District GO 5.000%   8/1/27   7,000      7,408
2 Sweetwater Union High School District GO 5.000%   8/1/28   8,000      8,466
  Sweetwater Union High School District GO 5.000%   8/1/31     625        678
  Sweetwater Union High School District GO 5.000%   8/1/35   5,000      5,409
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/25     330        357
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/26     175        194
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/27     200        221
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/28     405        446
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/29     495        544
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/30     490        537
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/31     180        197
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/32     215        235
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/33     225        246
2 Tahoe-Truckee Unified School District COP 5.000%   6/1/34     245        267
2 Tahoe-Truckee Unified School District COP 4.000%   6/1/35     515        533
2 Tahoe-Truckee Unified School District COP 4.000%   6/1/36     255        263
90

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Tahoe-Truckee Unified School District GO 5.000%   8/1/26     330        367
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/22     800        814
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/23   1,395      1,457
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/24   1,720      1,828
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/25   1,795      1,944
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/26   1,450      1,598
  Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/27   1,000      1,118
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/28     555        625
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/29     500        562
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/30     535        599
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/31   1,000      1,118
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/32     785        876
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/33   1,650      1,838
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/34   1,705      1,897
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/35   2,620      2,912
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/36   2,765      3,071
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/37   2,350      2,604
2 Temecula Valley Unified School District GO, Prere. 4.300%   8/1/24   2,000      2,101
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 0.450%   6/1/30     150        150
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/30   1,710      1,897
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/31   2,840      3,156
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/33   3,520      3,890
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/35   3,020      3,066
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/36   1,000      1,013
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/37   2,320      2,346
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/38     300        303
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/39   2,500      2,519
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 5.000%   6/1/39   1,000      1,086
  Tobacco Securitization Authority of Northern California Tobacco Settlement Funded Revenue 4.000%   6/1/40     765        770
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/22   1,000      1,000
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/23   2,000      2,055
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/24   2,000      2,082
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/26   3,190      3,423
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/27   2,000      2,172
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/28   1,920      2,105
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/29   1,500      1,659
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/31   3,655      4,035
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/32   1,000      1,101
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/33   2,000      2,197
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/34   3,000      3,283
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/36   1,000      1,091
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/37   1,000      1,090
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/38   2,000      2,175
  Tracy CA Community Facilities District Special Tax Revenue 3.000%   9/1/22     120        120
  Tracy CA Community Facilities District Special Tax Revenue 3.000%   9/1/23     145        145
  Tracy CA Community Facilities District Special Tax Revenue 3.000%   9/1/24     165        164
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/25     185        190
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/26     210        217
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/27     235        243
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/28     265        274
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/29     295        304
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/30     325        330
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/35   2,155      2,162
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/40   3,215      3,137
1 Tracy Community Development Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/23     400        415
1 Tracy Community Development Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/24     400        425
1 Tracy Community Development Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/25     960      1,042
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/25     600        651
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/26     600        664
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/27     615        692
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/28     720        821
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/29     665        768
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/30     500        580
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/31     600        694
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/32     500        575
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/33     500        574
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/34     600        687
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/35     700        798
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/37   1,000      1,131
91

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/38   1,000      1,125
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/39   1,000      1,119
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/40   1,165      1,298
1 Tulare CA Sewer Revenue 4.000% 11/15/36   1,500      1,535
1 Tulare CA Sewer Revenue 4.000% 11/15/37   1,000      1,023
1 Tulare CA Sewer Revenue 4.000% 11/15/38   1,250      1,279
1 Tulare CA Sewer Revenue 4.000% 11/15/39   1,390      1,423
1 Tulare CA Sewer Revenue 4.000% 11/15/40   1,200      1,226
1 Tulare CA Sewer Revenue 4.000% 11/15/41   1,000      1,019
2 Tulare Local Health Care District GO 4.000%   8/1/22     400        402
2 Tulare Local Health Care District GO 4.000%   8/1/23     720        737
2 Tulare Local Health Care District GO 4.000%   8/1/24     405        420
2 Tulare Local Health Care District GO 4.000%   8/1/25     455        478
2 Tulare Local Health Care District GO 4.000%   8/1/26     515        547
2 Tulare Local Health Care District GO 4.000%   8/1/27     580        622
2 Tulare Local Health Care District GO 4.000%   8/1/28     435        470
2 Tulare Local Health Care District GO 4.000%   8/1/29     735        798
2 Tulare Local Health Care District GO 4.000%   8/1/30   1,320      1,432
2 Tulare Local Health Care District GO 4.000%   8/1/32   1,380      1,466
2 Tulare Local Health Care District GO 4.000%   8/1/33   2,050      2,155
2 Tulare Local Health Care District GO 4.000%   8/1/34   2,325      2,428
2 Tulare Local Health Care District GO 4.000%   8/1/39   4,945      5,077
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/36   2,270      2,482
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/37   5,615      6,123
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/41   1,950      2,116
  Turlock Unified School District GO 3.000%   8/1/34   1,095      1,083
  Turlock Unified School District GO 3.000%   8/1/35   1,175      1,153
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/22   1,390      1,401
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/23     750        779
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/24   1,000      1,055
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/25   2,820      3,033
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/26   2,300      2,468
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/27   3,915      4,189
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/29   3,640      3,881
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/30   3,500      3,726
1 Twin Rivers Unified School District GO 5.000%   8/1/22     515        518
1 Twin Rivers Unified School District GO 5.000%   8/1/22     625        629
4 Ukiah CA Unified School District GO 0.000%   8/1/25   3,175      2,922
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/31   1,820      1,971
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/32   1,360      1,473
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/33   3,000      3,246
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/35   1,250      1,351
  Union City Community Redevelopment Agency Tax Allocation Revenue (Community Redevelopment Project) 5.000%  10/1/36   1,000      1,081
4 Union Elementary School District GO 0.000%   9/1/29   1,335      1,070
  Union Elementary School District GO 0.000%   9/1/29     110         88
4 Union Elementary School District GO 0.000%   9/1/29   8,280      6,635
  Union Sanitary District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/32     800        867
  Union Sanitary District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/33   1,030      1,111
  United Water Conservation District COP 5.000%  10/1/27     700        795
  United Water Conservation District COP 5.000%  10/1/28     740        853
  United Water Conservation District COP 5.000%  10/1/29     785        913
  United Water Conservation District COP 5.000%  10/1/30     835        983
  United Water Conservation District COP 5.000%  10/1/31     855      1,003
  United Water Conservation District COP 5.000%  10/1/32     875      1,024
  United Water Conservation District COP 4.000%  10/1/33   1,070      1,154
  United Water Conservation District COP 4.000%  10/1/34   1,110      1,191
  United Water Conservation District COP 4.000%  10/1/35   1,160      1,238
  United Water Conservation District COP 4.000%  10/1/36     935        990
  United Water Conservation District COP 4.000%  10/1/37     980      1,036
  United Water Conservation District COP 4.000%  10/1/38   1,010      1,062
  United Water Conservation District COP 4.000%  10/1/39   1,055      1,108
  United Water Conservation District COP 4.000%  10/1/40     625        653
  University of California College & University Revenue 5.000%  5/15/24     690        731
  University of California College & University Revenue 5.000%  5/15/24   2,000      2,120
  University of California College & University Revenue 5.000%  5/15/25   1,250      1,356
  University of California College & University Revenue 5.000%  5/15/27   7,075      7,660
  University of California College & University Revenue 4.000%  5/15/28   7,110      7,713
  University of California College & University Revenue 5.000%  5/15/28   9,265     10,001
  University of California College & University Revenue 5.000%  5/15/28   7,110      7,666
92

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California College & University Revenue 5.000%  5/15/28   3,000      3,441
  University of California College & University Revenue 5.000%  5/15/29   8,250      9,610
  University of California College & University Revenue 4.000%  5/15/30   7,535      8,093
  University of California College & University Revenue 4.000%  5/15/31   5,270      5,614
  University of California College & University Revenue 5.000%  5/15/31   2,315      2,488
  University of California College & University Revenue 5.000%  5/15/31  15,095     16,848
  University of California College & University Revenue 5.000%  5/15/32   3,250      3,692
  University of California College & University Revenue 5.250%  5/15/32   3,140      3,329
  University of California College & University Revenue 4.000%  5/15/33  17,715     18,625
  University of California College & University Revenue 5.000%  5/15/33   6,760      7,665
  University of California College & University Revenue 5.000%  5/15/33  12,095     13,436
  University of California College & University Revenue 5.000%  5/15/33   5,025      5,519
  University of California College & University Revenue 5.000%  5/15/33   6,995      7,524
  University of California College & University Revenue 4.000%  5/15/34  10,620     11,125
  University of California College & University Revenue 5.000%  5/15/34  12,800     14,175
  University of California College & University Revenue 5.000%  5/15/34   3,955      4,339
  University of California College & University Revenue 5.000%  5/15/34   6,395      7,094
  University of California College & University Revenue 5.000%  5/15/34   1,525      1,723
  University of California College & University Revenue 4.000%  5/15/35   5,790      6,046
  University of California College & University Revenue 5.000%  5/15/35  11,290     12,480
  University of California College & University Revenue 5.000%  5/15/35   2,060      2,257
  University of California College & University Revenue 5.000%  5/15/35   5,160      5,714
  University of California College & University Revenue 5.000%  5/15/35   4,210      4,746
  University of California College & University Revenue 5.000%  5/15/35     625        717
  University of California College & University Revenue 5.000%  5/15/35   6,420      7,694
  University of California College & University Revenue 4.000%  5/15/36   5,150      5,482
  University of California College & University Revenue 5.000%  5/15/36   5,425      5,933
  University of California College & University Revenue 5.000%  5/15/36   4,295      4,833
  University of California College & University Revenue 5.000%  5/15/36  15,040     16,598
  University of California College & University Revenue 5.000%  5/15/36   1,250      1,430
  University of California College & University Revenue 5.000%  5/15/36   3,050      3,547
  University of California College & University Revenue 5.000%  5/15/37   5,240      5,872
  University of California College & University Revenue 5.000%  5/15/37   9,530     10,517
  University of California College & University Revenue 5.000%  5/15/37  11,710     12,923
  University of California College & University Revenue 5.000%  5/15/37  14,620     16,417
  University of California College & University Revenue 5.000%  5/15/37     375        409
  University of California College & University Revenue 5.000%  5/15/37   9,665     11,512
  University of California College & University Revenue 5.000%  5/15/38   5,065      5,662
  University of California College & University Revenue 5.000%  5/15/38  19,090     21,386
  University of California College & University Revenue 5.000%  5/15/38   4,355      4,959
  University of California College & University Revenue 5.000%  5/15/38  10,065     11,639
  University of California College & University Revenue 5.000%  5/15/39   2,345      2,663
  University of California College & University Revenue 5.000%  5/15/39  10,000     11,529
  University of California College & University Revenue 4.000%  5/15/40   3,000      3,154
  University of California College & University Revenue 5.000%  5/15/40     135        153
  University of California College & University Revenue 5.000%  5/15/40   3,000      3,541
  University of California College & University Revenue 5.000%  5/15/41   4,000      4,714
  University of California College & University Revenue 4.000%  5/15/30   7,705      8,275
  University of California College & University Revenue PUT 5.000%  5/15/23  50,595     52,160
  University of California College & University Revenue VRDO 0.500%   6/1/22   2,695      2,695
  University of California College & University Revenue, Prere. 5.000%  5/15/23     650        671
  University of California College & University Revenue, Prere. 5.000%  5/15/23   4,695      4,846
  University of California College & University Revenue, Prere. 5.250%  5/15/24   1,860      1,982
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/24   6,010      6,354
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/25  10,000     10,490
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/26   9,635     10,237
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/29   5,015      5,488
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/32   8,440      9,184
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/33  12,105     13,156
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/33   2,000      2,348
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/34  14,000     15,123
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/34   1,250      1,465
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/35   5,800      6,261
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/35   2,000      2,342
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.500%  5/15/36  10,000     10,404
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/36   3,000      3,505
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/37   3,000      3,499
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/38   3,000      3,495
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/39   4,500      5,232
93

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/40   7,735      8,985
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/41  10,135     11,763
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/42   8,170      9,469
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/43   3,250      3,366
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.550%   6/1/22   2,550      2,550
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/23  14,940     15,434
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/23   5,000      5,165
  Upland CA COP 5.000%   1/1/23     900        917
  Upland CA COP 5.000%   1/1/25   1,060      1,124
  Upland CA COP 5.000%   1/1/26     500        540
  Upland CA COP 5.000%   1/1/27   2,215      2,416
  Upland CA COP 5.000%   1/1/28   2,030      2,235
  Upland CA COP 5.000%   1/1/29     835        911
  Upland CA COP 5.000%   1/1/30   1,455      1,582
  Upland CA COP 5.000%   1/1/31   1,465      1,585
  Upland CA COP 5.000%   1/1/33   1,710      1,834
  Upland CA COP 5.000%   1/1/34   1,500      1,606
  Upland CA COP 4.000%   1/1/35   2,025      2,026
  Upland CA COP 4.000%   1/1/36   1,000      1,000
  Upland Community Facilities District Special Tax Revenue 5.000%   9/1/31   1,110      1,117
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 5.000%   8/1/36     435        488
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 5.000%   8/1/37     420        471
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 5.000%   8/1/38     800        895
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 5.000%   8/1/39   1,000      1,117
  Upper Santa Clara Valley Joint Powers Authority Intergovernmental Agreement Revenue 5.000%   8/1/40   1,000      1,116
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 5.000%   8/1/22     710        715
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 5.000%   8/1/23     375        390
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 5.000%   8/1/24     275        293
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 4.000%   8/1/25     615        653
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, ETM 4.000%   8/1/26     710        765
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, Prere. 5.000%   8/1/26     545        609
  Upper Santa Clara Valley Joint Powers Authority Water Revenue, Prere. 5.000%   8/1/26   1,235      1,380
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/22     600        605
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/23     865        899
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/24   1,325      1,406
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/25   1,390      1,472
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/26   1,460      1,546
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/27   1,200      1,270
  Vacaville Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Projects) 5.000%   9/1/28   1,200      1,269
  Vacaville Unified School District GO 4.000%   8/1/34     100        105
  Vacaville Unified School District GO 4.000%   8/1/35     200        209
  Vacaville Unified School District GO 4.000%   8/1/36     300        312
  Vacaville Unified School District GO 4.000%   8/1/37     300        311
  Vacaville Unified School District GO 4.000%   8/1/39     500        514
  Vacaville Unified School District GO 4.000%   8/1/40     500        511
1 Val Verde Unified School District COP 5.000%   3/1/25     250        269
1 Val Verde Unified School District COP 5.000%   3/1/26     260        286
1 Val Verde Unified School District COP 5.000%   3/1/27     275        309
1 Val Verde Unified School District COP 5.000%   3/1/28     280        319
1 Val Verde Unified School District COP 5.000%   3/1/29     450        511
1 Val Verde Unified School District COP 5.000%   3/1/30     850        961
1 Val Verde Unified School District COP 5.000%   3/1/31   1,015      1,144
2 Val Verde Unified School District GO 3.000%   8/1/22     250        251
2 Val Verde Unified School District GO 4.000%   8/1/22     500        502
2 Val Verde Unified School District GO 4.000%   8/1/23     450        462
2 Val Verde Unified School District GO 4.000%   8/1/27     120        129
2 Val Verde Unified School District GO 4.000%   8/1/28     115        125
2 Val Verde Unified School District GO 3.000%   8/1/30     220        224
2 Val Verde Unified School District GO 4.000%   8/1/30     125        134
2 Val Verde Unified School District GO 4.000%   8/1/31     100        106
2 Val Verde Unified School District GO 4.000%   8/1/33     300        313
2 Val Verde Unified School District GO 4.000%   8/1/33     140        146
2 Val Verde Unified School District GO 4.000%   8/1/35     250        257
2 Val Verde Unified School District GO 4.000%   8/1/36     150        153
2 Val Verde Unified School District GO 4.000%   8/1/37     200        204
2 Val Verde Unified School District GO 4.000%   8/1/37     250        256
2 Val Verde Unified School District GO 4.000%   8/1/38     275        281
2 Val Verde Unified School District GO 4.000%   8/1/39     300        307
1 Val Verde Unified School District GO 4.000%   8/1/39   1,000      1,032
94

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Val Verde Unified School District GO 4.000%   8/1/40     225        230
2 Val Verde Unified School District GO 4.000%   8/1/40     250        256
2 Vallejo CA Water Revenue 4.000%   5/1/28     250        270
2 Vallejo CA Water Revenue 4.000%   5/1/29     150        163
2 Vallejo CA Water Revenue 4.000%   5/1/30     150        164
2 Vallejo CA Water Revenue 4.000%   5/1/31     200        220
2 Vallejo CA Water Revenue 4.000%   5/1/32     175        191
2 Vallejo CA Water Revenue 4.000%   5/1/33     150        161
2 Vallejo CA Water Revenue 4.000%   5/1/34     250        260
2 Vallejo CA Water Revenue 4.000%   5/1/35     250        259
2 Vallejo CA Water Revenue 4.000%   5/1/36     240        247
2 Vallejo CA Water Revenue 4.000%   5/1/37     400        412
2 Vallejo CA Water Revenue 4.000%   5/1/38     500        515
2 Vallejo CA Water Revenue 4.000%   5/1/39     650        670
2 Vallejo CA Water Revenue 4.000%   5/1/40     350        357
2 Vallejo CA Water Revenue 4.000%   5/1/41     500        510
2 Vallejo City Unified School District GO 3.000%   8/1/34   1,215      1,184
2 Vallejo City Unified School District GO 3.000%   8/1/35   1,315      1,277
2 Vallejo City Unified School District GO 3.000%   8/1/36   1,420      1,351
  Ventura County Community College District GO 0.000%   8/1/28  15,000     12,602
  Ventura County Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%  11/1/22   1,200      1,219
  Ventura County Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%  11/1/22   1,000      1,015
  Ventura County Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%  11/1/22   1,250      1,269
  Ventura County Public Financing Authority Lease (Abatement) Revenue, Prere. 5.000%  11/1/22   2,000      2,031
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/23     565        577
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/23     410        421
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/23     520        536
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/24     650        676
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/24     235        245
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/24     570        597
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/25     740        781
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/25     630        668
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/25     825        877
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/26     555        595
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/26     600        646
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/26     690        744
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/27     665        721
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/27   1,000      1,090
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/28     810        887
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/28   1,525      1,674
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/28     500        549
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/29   1,605      1,776
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/30   1,685      1,867
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/31   1,000      1,102
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/32   1,220      1,365
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/33   1,000      1,095
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/33   1,285      1,432
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/34   1,000      1,092
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/35     725        790
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/37   1,600      1,736
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/40     740        804
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/29     425        469
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/30     425        473
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/31     475        531
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/32     435        488
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/35   1,475      1,629
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/37   2,015      2,215
  Vista Joint Powers Financing Authority Lease (Abatement) Revenue 5.250%   5/1/35   5,990      6,446
1 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/22     335        338
1 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/23     400        416
1 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/24     585        622
  Vista Unified School District GO 4.000%   8/1/35   1,210      1,281
  Vista Unified School District GO 3.000%   8/1/38   1,645      1,525
  Vista Unified School District GO 3.000%   8/1/39   1,300      1,198
  Vista Unified School District GO, Prere. 5.000%   8/1/22   5,000      5,032
  Walnut Energy Center Authority Electric Power & Light Revenue 5.000%   1/1/33   2,755      3,185
4 Washington CA Unified School District/Yolo County GO 0.000%   8/1/27   3,440      2,998
  Washington Township Health Care District GO 5.000%   8/1/23     170        176
  Washington Township Health Care District GO 4.000%   8/1/24     625        649
95

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Washington Township Health Care District GO 5.000%   8/1/25   1,425      1,542
  Washington Township Health Care District GO 5.000%   8/1/26   1,395      1,535
  Washington Township Health Care District GO 4.000%   8/1/27   1,055      1,116
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/22     540        541
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/22     725        727
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/22     615        617
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/23     400        413
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/23     570        589
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/23     875        904
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/23     385        398
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/24     750        788
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/24     610        641
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/24     670        704
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/25     650        670
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/25     775        829
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/25     775        829
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/25     450        482
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26     900        960
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26     785        854
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26   1,270      1,382
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26     765        832
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/27     430        472
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/27     930      1,021
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/27     755        834
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/27     400        439
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/28     750        838
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29   1,005      1,087
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29   1,165      1,260
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29     755        853
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/29     400        446
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/30   1,540      1,661
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/30     765        851
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/30   1,310      1,471
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.375%   7/1/31     815        809
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.750%   7/1/31     100        101
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/31     375        417
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/32   1,665      1,538
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/32   1,000      1,016
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/32   2,340      2,497
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/32     500        553
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/33   1,870      1,733
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/33   2,975      3,170
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.125%   7/1/34   2,425      2,262
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/34   2,995      3,008
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/34     650        653
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.125%   7/1/35     100         93
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/35     625        625
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/36   1,430      1,239
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/36   2,060      2,061
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/36     500        550
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/37     750        644
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/38   1,250      1,063
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.250%   7/1/38      25         23
  West Basin CA Municipal Water District Water Revenue, ETM 5.000%   8/1/22   2,010      2,023
1 West Contra Costa Unified School District GO 4.000%   8/1/24     300        312
1 West Contra Costa Unified School District GO 4.000%   8/1/24     300        312
1 West Contra Costa Unified School District GO 4.000%   8/1/25     265        279
1 West Contra Costa Unified School District GO 4.000%   8/1/25     250        263
1 West Contra Costa Unified School District GO 4.000%   8/1/26     415        442
1 West Contra Costa Unified School District GO 4.000%   8/1/26     400        426
  West Contra Costa Unified School District GO 6.000%   8/1/26   5,000      5,744
11 West Contra Costa Unified School District GO 0.000%   8/1/27     785        678
1 West Contra Costa Unified School District GO 4.000%   8/1/27     350        377
1 West Contra Costa Unified School District GO 4.000%   8/1/27     445        479
4 West Contra Costa Unified School District GO 0.000%   8/1/28   6,400      5,312
1 West Contra Costa Unified School District GO 4.000%   8/1/28     440        477
1 West Contra Costa Unified School District GO 4.000%   8/1/28     500        542
1 West Contra Costa Unified School District GO 0.000%   8/1/29   2,000      1,605
1 West Contra Costa Unified School District GO 4.000%   8/1/29     620        675
96

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 West Contra Costa Unified School District GO 4.000%   8/1/29     605        658
4 West Contra Costa Unified School District GO 0.000%   8/1/30   6,235      4,792
1 West Contra Costa Unified School District GO 4.000%   8/1/30     630        688
1 West Contra Costa Unified School District GO 4.000%   8/1/30     670        732
  West Contra Costa Unified School District GO 5.000%   8/1/30   3,425      3,619
1 West Contra Costa Unified School District GO 4.000%   8/1/31   1,000      1,077
1 West Contra Costa Unified School District GO 4.000%   8/1/31     850        916
  West Contra Costa Unified School District GO 5.000%   8/1/31   5,690      6,012
1 West Contra Costa Unified School District GO 3.000%   8/1/32   1,350      1,351
1 West Contra Costa Unified School District GO 3.000%   8/1/32   1,695      1,696
  West Contra Costa Unified School District GO 5.000%   8/1/32   1,825      1,970
11 West Contra Costa Unified School District GO 0.000%   8/1/33   2,650      1,802
4 West Contra Costa Unified School District GO 0.000%   8/1/33   1,000        676
1,13 West Contra Costa Unified School District GO 0.000%   8/1/33   6,000      4,079
1 West Contra Costa Unified School District GO 3.000%   8/1/33   1,000        998
1 West Contra Costa Unified School District GO 3.000%   8/1/33   1,265      1,262
  West Contra Costa Unified School District GO 5.000%   8/1/33   3,265      3,446
  West Contra Costa Unified School District GO 5.000%   8/1/33     915        988
  West Contra Costa Unified School District GO 5.000%   8/1/33   1,020      1,101
4 West Contra Costa Unified School District GO 0.000%   8/1/34     245        158
1 West Contra Costa Unified School District GO 3.000%   8/1/34     565        562
1 West Contra Costa Unified School District GO 3.000%   8/1/34   1,800      1,790
  West Contra Costa Unified School District GO 5.000%   8/1/34   2,010      2,168
  West Contra Costa Unified School District GO 5.000%   8/1/34   1,070      1,154
  West Contra Costa Unified School District GO 5.000%   8/1/35   1,400      1,508
  West Contra Costa Unified School District GO 5.000%   8/1/35   1,000      1,077
1 West Contra Costa Unified School District GO 3.000%   8/1/36     910        885
1 West Contra Costa Unified School District GO 3.000%   8/1/37     750        710
1 West Contra Costa Unified School District GO 3.000%   8/1/38     660        611
1 West Contra Costa Unified School District GO 3.000%   8/1/38     700        648
1 West Contra Costa Unified School District GO 3.000%   8/1/39     665        612
1 West Contra Costa Unified School District GO 3.000%   8/1/39     700        644
1 West Contra Costa Unified School District GO 3.000%   8/1/40     700        639
1 West Contra Costa Unified School District GO 3.000%   8/1/40     700        639
  West Contra Costa Unified School District GO 5.000%   8/1/40     255        273
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/33     390        423
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/35     760        815
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/37     660        701
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/38   1,095      1,156
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/40   1,495      1,566
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/41   1,550      1,621
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/37     475        450
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/38     930        862
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/39   2,020      1,845
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/40   1,060        953
  West Hollywood Public Financing Authority Lease (Abatement) Revenue 3.000%   4/1/42   3,640      3,197
  West Sonoma County Union High School District GO 5.000%   8/1/34     200        226
  West Sonoma County Union High School District GO 5.000%   8/1/37     500        561
  West Sonoma County Union High School District GO 5.000%   8/1/40   1,020      1,141
  West Valley-Mission Community College District GO 5.000%   8/1/31     200        217
  Western Municipal Water District Facilities Authority Intergovernmental Agreement Revenue 5.000%  10/1/36   1,335      1,549
  Western Municipal Water District Facilities Authority Intergovernmental Agreement Revenue 5.000%  10/1/39   3,100      3,577
1 Western Placer Unified School District COP 3.000%   8/1/23     600        608
  Western Placer Unified School District GO 5.000%   8/1/28     200        221
  Western Placer Unified School District GO 5.000%   8/1/29     200        221
  Western Placer Unified School District GO 5.000%   8/1/30     380        419
2 Western Placer Unified School District GO 4.000%   8/1/31     885        937
2 Western Placer Unified School District GO 4.000%   8/1/31     755        799
  Western Placer Unified School District GO 5.000%   8/1/31     565        623
2 Western Placer Unified School District GO 4.000%   8/1/32     920        968
2 Western Placer Unified School District GO 4.000%   8/1/34     990      1,037
2 Western Placer Unified School District GO 4.000%   8/1/34     545        571
2 Western Placer Unified School District GO 4.000%   8/1/35   1,025      1,070
2 Western Placer Unified School District GO 4.000%   8/1/35     630        658
2 Western Placer Unified School District GO 4.000%   8/1/36   1,070      1,111
  Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/22     340        342
  Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/23     125        128
  Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/24     385        400
  Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/25     300        316
97

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/26     450        480
  Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/27     450        485
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/28     235        254
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/29     400        435
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/30     410        449
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/31     225        245
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/32     300        326
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/33     415        444
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/34     500        518
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/35     300        310
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/36     550        566
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/37     500        514
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/38     530        545
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/40   1,160      1,183
1 Westlands Water District Water Revenue, ETM 5.000%   9/1/22     765        772
1 Westlands Water District Water Revenue, Prere. 5.000%   9/1/22   1,000      1,009
1 Westlands Water District Water Revenue, Prere. 5.000%   9/1/22   1,250      1,262
  Whittier Union High School District GO 4.000%   8/1/41   1,000      1,038
1 William S Hart Union High School District GO 0.000%   9/1/29      10          8
  William S Hart Union High School District GO 0.000%   8/1/33     570        395
  William S Hart Union High School District GO, Prere. 5.000%   9/1/22   1,835      1,852
  William S Hart Union High School District GO, Prere. 5.000%   9/1/22   1,085      1,095
  Yuba Community College District GO 3.000%   8/1/28   1,000      1,020
  Yuba Community College District GO 3.000%   8/1/29   2,000      2,024
                               15,367,433
Guam (0.2%)
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/22     625        627
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/28   2,115      2,167
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/29   5,035      5,257
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/35   4,450      4,625
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/36   1,450      1,554
  Guam Government Waterworks Authority Water Revenue, Prere. 5.250%   7/1/23   4,000      4,148
  Guam Hotel Occupancy Tax Revenue 5.000%  11/1/30     375        397
  Guam Miscellaneous Taxes Revenue 5.000% 11/15/22     160        162
  Guam Miscellaneous Taxes Revenue 4.000%   1/1/36   1,675      1,579
  Guam Miscellaneous Taxes Revenue, ETM 5.000% 11/15/22   1,340      1,362
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/22   1,605      1,621
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/26   1,810      1,892
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/30   1,470      1,526
7 Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/30   1,495      1,639
7 Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/31   1,960      2,147
7 Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/32   1,600      1,753
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/40   1,750      1,842
                                   34,298
Puerto Rico (0.7%)
  Commonwealth of Puerto Rico GO 5.250%   7/1/23   1,451      1,470
  Commonwealth of Puerto Rico GO 0.000%   7/1/24   1,836      1,687
  Commonwealth of Puerto Rico GO 5.375%   7/1/25   4,088      4,301
  Commonwealth of Puerto Rico GO 5.625%   7/1/27   9,568     10,436
  Commonwealth of Puerto Rico GO 5.625%   7/1/29  13,690     15,121
  Commonwealth of Puerto Rico GO 5.750%   7/1/31   6,734      7,613
  Commonwealth of Puerto Rico GO 0.000%   7/1/33   1,505        891
  Commonwealth of Puerto Rico GO 4.000%   7/1/33     446        436
  Commonwealth of Puerto Rico GO 4.000%   7/1/35   1,963      1,893
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/24   2,767      2,575
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/27   7,802      6,495
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/29  11,159      8,493
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/31   2,871      1,970
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40  35,395     35,351
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40   5,930      5,923
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.550%   7/1/40   5,000      5,052
                                  109,707
Virgin Islands (0.0%)
  Matching Fund Special Purpose Securitization Corp. Miscellaneous Taxes Revenue 5.000%  10/1/25     180        185
  Matching Fund Special Purpose Securitization Corp. Miscellaneous Taxes Revenue 5.000%  10/1/26     455        469
98

 

California Intermediate-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Matching Fund Special Purpose Securitization Corp. Miscellaneous Taxes Revenue 5.000%  10/1/27     680        702
                                    1,356
Total Tax-Exempt Municipal Bonds (Cost $15,959,512) 15,512,794
Total Investments (100.0%) (Cost $15,959,512) 15,512,794
Other Assets and Liabilities—Net (0.0%) (1,733)
Net Assets (100%) 15,511,061
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp.
2 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
3 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
4 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
5 Securities with a value of $3,677,000 have been segregated as initial margin for open futures contracts.
6 Variable-rate security; rate shown is effective rate at period end. Certain variable-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.
7 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2022.
8 Step bond.
9 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, 2022, the aggregate value was $255,334,000, representing 1.6% of net assets.
10 Scheduled principal and interest payments are guaranteed by bank letter of credit.
11 Scheduled principal and interest payments are guaranteed by Assured Guaranty Corp.
12 The 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.
13 Scheduled principal and interest payments are guaranteed by Financial Guaranty Insurance Co.
14 Non-income-producing security—security in default.
  3M—3-month.
  BAN—Bond Anticipation Note.
  COP—Certificate of Participation.
  ETM—Escrowed to Maturity.
  GO—General Obligation Bond.
  LIBOR—London Interbank Offered Rate.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  SIFMA—Securities Industry and Financial Markets Association.
  TOB—Tender Option Bond.
  USD—U.S. dollar.
  VRDO—Variable Rate Demand Obligation.
  VRDP—Variable Rate Demand Preferred.
99

 

California Intermediate-Term Tax-Exempt Fund
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
5-Year U.S. Treasury Note September 2022 990 111,824 (443)
 
Short Futures Contracts        
Ultra 10-Year U.S. Treasury Note September 2022 (684) (87,883) 673
Ultra Long U.S. Treasury Bond September 2022 (157) (24,453) 551
        1,224
        781
  
See accompanying Notes, which are an integral part of the Financial Statements.
100

 

California Intermediate-Term Tax-Exempt Fund
Statement of Assets and Liabilities
As of May 31, 2022
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $15,959,512) 15,512,794
Investment in Vanguard 573
Receivables for Investment Securities Sold 32,789
Receivables for Accrued Income 155,375
Receivables for Capital Shares Issued 58,565
Variation Margin Receivable—Futures Contracts 1,037
Other Assets 174
Total Assets 15,761,307
Liabilities  
Due to Custodian 12,551
Payables for Investment Securities Purchased 180,091
Payables for Capital Shares Redeemed 49,665
Payables for Distributions 7,283
Payables to Vanguard 656
Total Liabilities 250,246
Net Assets 15,511,061
At May 31, 2022, net assets consisted of:  
   
Paid-in Capital 16,001,923
Total Distributable Earnings (Loss) (490,862)
Net Assets 15,511,061
 
Investor Shares—Net Assets  
Applicable to 130,715,907 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		1,476,529
Net Asset Value Per Share—Investor Shares $11.30
 
Admiral Shares—Net Assets  
Applicable to 1,242,465,062 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		14,034,532
Net Asset Value Per Share—Admiral Shares $11.30
  
See accompanying Notes, which are an integral part of the Financial Statements.
101

 

California Intermediate-Term Tax-Exempt Fund
Statement of Operations
  Six Months Ended
May 31, 2022
  ($000)
Investment Income  
Income  
Interest 198,998
Total Income 198,998
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 554
Management and Administrative—
Investor Shares 		1,260
Management and Administrative—
Admiral Shares 		6,179
Marketing and Distribution—
Investor Shares 		94
Marketing and Distribution—
Admiral Shares 		430
Custodian Fees 34
Shareholders’ Reports—Investor Shares 11
Shareholders’ Reports—Admiral Shares 35
Trustees’ Fees and Expenses 4
Other Expenses 7
Total Expenses 8,608
Net Investment Income 190,390
Realized Net Gain (Loss)  
Investment Securities Sold (51,691)
Futures Contracts 10,695
Realized Net Gain (Loss) (40,996)
Change in Unrealized Appreciation (Depreciation)  
Investment Securities (1,379,845)
Futures Contracts 2,454
Change in Unrealized Appreciation (Depreciation) (1,377,391)
Net Increase (Decrease) in Net Assets Resulting from Operations (1,227,997)
  
Statement of Changes in Net Assets
  Six Months Ended
May 31,
2022 		  Year Ended
November 30,
2021
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 190,390   388,940
Realized Net Gain (Loss) (40,996)   12,929
Change in Unrealized Appreciation (Depreciation) (1,377,391)   (188,628)
Net Increase (Decrease) in Net Assets Resulting from Operations (1,227,997)   213,241
Distributions      
Investor Shares (18,349)   (40,074)
Admiral Shares (181,404)   (381,141)
Total Distributions (199,753)   (421,215)
Capital Share Transactions      
Investor Shares (224,422)   70,704
Admiral Shares (2,117,619)   1,462,876
Net Increase (Decrease) from Capital Share Transactions (2,342,041)   1,533,580
Total Increase (Decrease) (3,769,791)   1,325,606
Net Assets      
Beginning of Period 19,280,852   17,955,246
End of Period 15,511,061   19,280,852
  
 
See accompanying Notes, which are an integral part of the Financial Statements.
102

 

California Intermediate-Term Tax-Exempt Fund
Financial Highlights
Investor Shares            
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2022 		Year Ended November 30,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $12.22 $12.35 $12.08 $11.51 $11.70 $11.42
Investment Operations            
Net Investment Income1 .122 .246 .274 .298 .305 .303
Net Realized and Unrealized Gain (Loss) on Investments (.914) (.108) .268 .570 (.189) .278
Total from Investment Operations (.792) .138 .542 .868 .116 .581
Distributions            
Dividends from Net Investment Income (.122) (.246) (.272) (.298) (.306) (.301)
Distributions from Realized Capital Gains (.006) (.022) — — — —
Total Distributions (.128) (.268) (.272) (.298) (.306) (.301)
Net Asset Value, End of Period $11.30 $12.22 $12.35 $12.08 $11.51 $11.70
Total Return2 -6.51% 1.13% 4.54% 7.61% 1.00% 5.12%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $1,477 $1,837 $1,786 $1,791 $1,514 $1,673
Ratio of Total Expenses to Average Net Assets 0.17% 0.17% 0.17% 0.17% 0.17% 0.19%
Ratio of Net Investment Income to Average Net Assets 2.09% 2.00% 2.25% 2.50% 2.63% 2.58%
Portfolio Turnover Rate 14% 19% 20% 9% 16% 11%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total 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.
  
Admiral Shares            
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2022 		Year Ended November 30,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $12.22 $12.35 $12.08 $11.51 $11.70 $11.42
Investment Operations            
Net Investment Income1 .126 .255 .283 .307 .314 .314
Net Realized and Unrealized Gain (Loss) on Investments (.913) (.107) .269 .571 (.189) .279
Total from Investment Operations (.787) .148 .552 .878 .125 .593
Distributions            
Dividends from Net Investment Income (.127) (.256) (.282) (.308) (.315) (.313)
Distributions from Realized Capital Gains (.006) (.022) — — — —
Total Distributions (.133) (.278) (.282) (.308) (.315) (.313)
Net Asset Value, End of Period $11.30 $12.22 $12.35 $12.08 $11.51 $11.70
Total Return2 -6.47% 1.21% 4.62% 7.69% 1.08% 5.22%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $14,035 $17,444 $16,169 $14,620 $11,894 $11,240
Ratio of Total Expenses to Average Net Assets 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
Ratio of Net Investment Income to Average Net Assets 2.17% 2.08% 2.32% 2.58% 2.71% 2.68%
Portfolio Turnover Rate 14% 19% 20% 9% 16% 11%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total 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.
103

 

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. Many municipalities insure repayment of their bonds. The insurance does not guarantee the market value of the municipal bonds. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and 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 Statement of Assets and Liabilities. 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, 2022, the fund’s average investments in long and short futures contracts represented 1% and 1% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for 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 $4.4 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 and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the
104

 

California Intermediate-Term Tax-Exempt Fund
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, which 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 an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate 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, 2022, 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.
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, 2022, the fund had contributed to Vanguard capital in the amount of $573,000, representing less than 0.01% of the fund’s net assets and 0.23% 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 and derivatives. 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 and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
105

 

California Intermediate-Term Tax-Exempt Fund
The following table summarizes the market value of the fund’s investments and derivatives as of May 31, 2022, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments         
Assets        
Tax-Exempt Municipal Bonds — 15,512,794 — 15,512,794
Derivative Financial Instruments         
Assets        
Futures Contracts1 1,224 — — 1,224
Liabilities        
Futures Contracts1 443 — — 443
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities.
D. As of May 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
  Amount
($000)
Tax Cost 15,966,338
Gross Unrealized Appreciation 130,035
Gross Unrealized Depreciation (582,798)
Net Unrealized Appreciation (Depreciation) (452,763)
E. During the six months ended May 31, 2022, the fund purchased $2,404,759,000 of investment securities and sold $4,882,222,000 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, 2022, such purchases were $589,855,000 and sales were $796,430,000, resulting in net realized gain (loss) of $0; 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
May 31, 2022 		  Year Ended
November 30, 2021
  Amount
($000) 		Shares
(000) 		  Amount
($000) 		Shares
(000)
Investor Shares          
Issued 179,092 15,303   501,263 40,747
Issued in Lieu of Cash Distributions 16,431 1,410   36,476 2,970
Redeemed (419,945) (36,313)   (467,035) (38,030)
Net Increase (Decrease)—Investor Shares (224,422) (19,600)   70,704 5,687
Admiral Shares          
Issued 2,563,255 222,619   3,542,127 288,062
Issued in Lieu of Cash Distributions 133,471 11,449   286,786 23,356
Redeemed (4,814,345) (419,364)   (2,366,037) (192,671)
Net Increase (Decrease)—Admiral Shares (2,117,619) (185,296)   1,462,876 118,747
At May 31, 2022, one shareholder was a record or beneficial owner of 28% 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, 2022, that would require recognition or disclosure in these financial statements.
106

 

California Long-Term Tax-Exempt Fund
Distribution by Stated Maturity
As of May 31, 2022
Under 1 Year 7.9%
1 - 3 Years 1.1
3 - 5 Years 1.5
5 - 10 Years 8.8
10 - 20 Years 43.1
20 - 30 Years 32.4
Over 30 Years 5.2
The table reflects the fund’s investments, except for short-term investments and derivatives.
107

 

California Long-Term Tax-Exempt Fund
Financial Statements (unaudited)
Schedule of Investments
As of May 31, 2022
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.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
Tax-Exempt Municipal Bonds (99.9%)
California (99.5%)
  ABAG Finance Authority for Nonprofit Corps. Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/22  1,000     1,003
  ABAG Finance Authority for Nonprofit Corps. Miscellaneous Revenue, Prere. 5.000%   7/1/22  7,565     7,589
1 ABAG Finance Authority for Nonprofit Corps. Special Tax Revenue 5.000%   9/2/32  1,000     1,113
2 Alameda Community Improvement Commission Successor Agency Tax Allocation Revenue 5.000%   9/1/29  1,500     1,590
3 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/30 30,375    22,512
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/35  1,060     1,120
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/36  1,210     1,277
1 Alameda Corridor Transportation Authority Transit Revenue 4.000%  10/1/37  2,145     2,167
  Alameda Corridor Transportation Authority Transit Revenue 5.000%  10/1/37  6,745     7,113
1 Alameda County CA Unified School District GO 0.000%   8/1/24  3,510     3,347
1 Alameda County CA Unified School District GO 0.000%   8/1/29  5,000     4,078
  Alameda County Joint Powers Authority Lease (Abatement) Revenue 4.000%  12/1/34  1,525     1,564
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/37  1,725     1,861
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/38  1,400     1,508
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/39  1,500     1,614
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/45  2,595     2,772
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/45  5,800     6,195
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/50  2,870     3,053
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue (Water System Project), Prere. 5.000%  10/1/25  1,550     1,694
  Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/29  2,260     2,513
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/33  1,850     2,091
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/35  1,500     1,650
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/36  4,500     4,956
  Antelope Valley Community College District GO 3.000%   8/1/50  3,000     2,556
4,5 Antioch CA Unified School District GO TOB VRDO 0.850%   6/2/22 10,230    10,230
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/31  8,085     8,503
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/33  5,665     5,940
  Bay Area Toll Authority Highway Revenue 2.600%   4/1/56 15,000    10,933
  Bay Area Toll Authority Highway Revenue PUT 2.625%   4/1/26 15,000    14,895
6 Bay Area Water Supply & Conservation Agency Water Revenue 5.000%  10/1/34  2,925     3,354
1 Beaumont Public Improvement Authority Intergovernmental Agreement Revenue 5.000%   9/1/49  4,000     4,370
  Berkeley Unified School District GO 2.000%   8/1/39    400       307
4,5 Beverly Hills CA Public Financing Authority Water Revenue TOB VRDO 0.820%   6/2/22  4,580     4,580
7 Beverly Hills Unified School District CA GO 3.000%   8/1/38  6,560     6,089
  Beverly Hills Unified School District CA GO 3.000%   8/1/40  2,660     2,428
1 Brentwood Infrastructure Financing Authority Special Assesment Revenue 5.000%   9/2/28  2,130     2,264
  Butte-Glenn Community College District GO 4.000%   8/1/48  1,475     1,492
3 Cabrillo Community College District GO 0.000%   5/1/26  4,085     3,538
  California Community Choice Financing Authority Natural Gas Revenue PUT 4.000%  12/1/27 12,675    13,088
  California Community Choice Financing Authority Natural Gas Revenue PUT 4.000%   8/1/31 28,595    29,600
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.250%   5/1/43  8,025     8,163
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.250%   5/1/48  2,000     2,023
  California Community College Financing Authority Local or Guaranteed Housing Revenue 5.250%   5/1/53  6,600     6,660
4 California Community Housing Agency Local or Guaranteed Housing Revenue 5.000%   2/1/50  9,045     8,885
4 California Community Housing Agency Local or Guaranteed Housing Revenue 4.000%   2/1/56  1,750     1,499
4 California Community Housing Agency Local or Guaranteed Housing Revenue 4.000%   2/1/56  4,750     4,441
4 California Community Housing Agency Local or Guaranteed Housing Revenue 3.000%   8/1/56  2,000     1,516
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/33    500       551
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/36    825       839
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/49  1,000     1,003
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 4.000%   6/1/49  1,125     1,066
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/49    585       618
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/50  2,000     2,093
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 0.000%   6/1/55  6,710     1,560
  California Department of Water Resources Water Revenue, Prere. 5.000%  12/1/24     25        27
  California Educational Facilities Authority College & University Revenue 5.000%  11/1/25    160       174
  California Educational Facilities Authority College & University Revenue 5.000%  3/15/26     40        44
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/33    250       271
108

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/35    800       888
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/37  1,130     1,219
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/38  2,250     2,420
  California Educational Facilities Authority College & University Revenue 5.000%  3/15/39  4,755     5,917
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/39  6,035     6,427
  California Educational Facilities Authority College & University Revenue 5.250%   4/1/40  6,645     8,547
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/42    300       325
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/42    225       246
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/43  3,810     4,839
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/44  3,000     3,199
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/45  6,500     6,895
  California Educational Facilities Authority College & University Revenue 5.000%   5/1/45  4,000     5,106
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/45  1,425     1,526
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/46 10,455    13,364
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/46    300       326
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/48  1,290     1,370
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/53  8,000     8,597
4,5 California Educational Facilities Authority College & University Revenue TOB VRDO 0.790%   6/2/22  3,300     3,300
  California Educational Facilities Authority College & University Revenue, Prere. 5.250%   6/1/22  1,125     1,125
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/45  1,190     1,234
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/55  2,110     2,161
  California Enterprise Development Authority Local or Guaranteed Housing Revenue (M @ College Project) 5.000%   8/1/57    400       408
  California GO 5.000%   4/1/30  1,075     1,270
  California GO 5.000%   4/1/30  1,235     1,459
  California GO 5.000%   8/1/30  3,250     3,587
  California GO 5.000%  10/1/30  4,000     4,758
  California GO 5.000%   4/1/31  5,820     6,969
  California GO 5.000%   4/1/31  5,000     5,987
  California GO 5.000%   8/1/31 14,040    15,730
  California GO 5.000%   9/1/31  8,390     9,265
  California GO 5.000%  11/1/31  5,050     5,683
  California GO 5.000%  12/1/31  1,000     1,098
  California GO 5.000%   3/1/32  2,300     2,701
  California GO 5.000%   4/1/32  2,500     3,022
  California GO 5.000%   4/1/32  1,715     2,073
  California GO 4.000%   8/1/32 10,025    10,501
  California GO 5.000%   8/1/32  2,000     2,238
1 California GO 5.250%   8/1/32 12,550    15,317
  California GO 5.000%   9/1/32  2,810     3,101
  California GO 5.000%  10/1/32  7,510     8,744
  California GO 5.000%  10/1/32  5,000     5,946
  California GO 5.000%  12/1/32    500       549
  California GO 5.000%   3/1/33  4,620     5,399
  California GO 5.000%   4/1/33 10,500    12,113
  California GO 5.000%   4/1/33  1,200     1,261
  California GO 5.000%   4/1/33  1,145     1,381
  California GO 5.000%   8/1/33  4,500     4,954
  California GO 5.000%   8/1/33  2,635     2,793
  California GO 3.000%  10/1/33  1,000       985
  California GO 5.000%  10/1/33  4,000     4,258
  California GO 5.000%   9/1/34  3,165     3,488
  California GO 5.000%   9/1/34  1,505     1,658
  California GO 3.000%  10/1/34  4,540     4,440
  California GO 4.000%  10/1/34  3,845     4,131
  California GO 3.000%  11/1/34  1,000       978
  California GO 4.000%  11/1/34  4,620     5,008
  California GO 5.000%  12/1/34 16,700    19,694
  California GO 5.000%   3/1/35  8,690    10,074
  California GO 5.000%   4/1/35  1,250     1,416
  California GO 4.000%   8/1/35 10,000    10,399
  California GO 3.000%   9/1/35    380       370
  California GO 4.000%   9/1/35 10,865    11,306
  California GO 5.000%   9/1/35  3,265     3,594
  California GO 5.000%  10/1/35  7,500     8,184
  California GO 3.000%  11/1/35    670       653
  California GO 5.000%  11/1/35  3,750     4,192
  California GO 5.000%  12/1/35    250       293
  California GO 4.000%   3/1/36 15,985    17,066
  California GO 5.000%   4/1/36  6,250     6,561
109

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California GO 4.000%   8/1/36    400       415
  California GO 4.000%  10/1/36  3,635     3,908
  California GO 5.000%  11/1/36 10,000    11,323
  California GO 5.000%  12/1/36  8,130     9,516
  California GO 5.000%   4/1/37  9,250     9,703
  California GO 5.000%   4/1/37  3,890     4,640
  California GO 4.000%  10/1/37  2,060     2,212
  California GO 4.000%  10/1/37  1,000     1,074
  California GO 5.000%  10/1/37  8,300     9,829
  California GO 5.000%  11/1/37 15,340    17,359
  California GO 4.000%  11/1/38  1,100     1,176
  California GO 4.000%  10/1/39  5,435     5,758
  California GO 5.000%  11/1/39 10,000    11,253
  California GO 4.000%   3/1/40  2,400     2,546
  California GO 5.000%   9/1/41 16,275    19,013
  California GO 4.000%  10/1/41  4,770     5,087
  California GO 5.000%  10/1/41  3,000     3,485
  California GO 4.000%   4/1/42  1,500     1,603
  California GO 5.000%   4/1/42  2,700     2,973
  California GO 5.000%   4/1/42  5,000     5,874
  California GO 5.000%   3/1/45    215       228
  California GO 5.000%   4/1/45  2,835     3,174
  California GO 5.000%   8/1/46 10,460    11,289
  California GO 5.000%   9/1/46    775       838
  California GO 5.000%   4/1/47  2,000     2,319
  California GO 5.000%  10/1/47  1,040     1,115
  California GO 5.000%  11/1/47  5,000     5,469
  California GO 5.000%  10/1/48 22,050    24,419
4,5 California GO TOB VRDO 0.820%   6/2/22  2,220     2,220
4,5 California GO TOB VRDO 0.820%   6/2/22  2,395     2,395
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/29  1,000     1,064
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29  3,500     3,527
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30  1,435     1,576
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/32  5,000     5,444
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/32    860       896
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/33  1,100     1,168
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33    750       830
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33  1,295     1,408
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/33    675       702
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/34  2,465     2,515
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34    645       694
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/35  5,100     5,515
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/36  1,000     1,008
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/36  3,000     2,788
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37  1,000     1,006
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/37  1,660     1,701
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/37  6,310     5,809
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/38  1,000     1,004
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/38  3,420     3,537
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/38  3,990     3,629
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/38    475       511
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/39  4,695     4,721
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/39  2,500     2,688
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/39  4,050     3,650
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/40  6,000     6,276
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/40  1,865     1,899
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/41 10,000    11,398
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  10/1/41  1,485     1,295
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/41  1,350     1,369
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/42  7,745     8,188
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/42 11,405    11,562
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/43  5,300     5,511
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/44  1,500     1,608
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/45  1,190     1,193
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/46  3,500     3,517
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/46  1,270     1,343
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/47  7,000     7,453
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%   6/1/47  5,000     4,102
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/47 12,850    13,507
110

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/48 18,110    18,422
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/48    210       211
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/48 21,110    22,437
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/48 11,190    11,893
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/49  5,760     5,622
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/49 15,630    16,192
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/50  1,400     1,515
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/51 12,565    10,989
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/51 22,840    25,641
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/54  2,000     2,110
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/55  2,300     2,471
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/55  7,000     7,402
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/56 23,705    25,169
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/22  2,000     2,000
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   6/1/22  5,000     5,000
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/22  5,000     5,039
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/22    100       101
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/26     40        45
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  3/20/33 11,027    11,030
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%  1/15/35  2,763     2,796
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%  3/25/35 10,914    11,143
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500% 11/20/35 15,824    15,165
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  8/20/36  9,955     9,282
  California Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%   2/1/38  1,698     1,537
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/45  1,315     1,304
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/46  1,700     1,692
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/50  1,730     1,692
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/51  1,750     1,728
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/55  1,860     1,811
4 California Infrastructure & Economic Development Bank Charter School Aid Revenue 5.000%   1/1/56  4,530     4,359
  California Infrastructure & Economic Development Bank Charter School Aid Revenue 4.000%  11/1/56  2,550     2,477
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/52  5,000     5,479
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 4.000%  5/15/36    100       103
  California Infrastructure & Economic Development Bank Health, Hospital, Nursing Home Revenue (Sanford Consortium Project) 4.000%  5/15/40  5,405     5,528
  California Infrastructure & Economic Development Bank Private Schools Revenue PUT 1.750%   8/1/26  2,000     1,877
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   7/1/26  1,810     1,974
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/28  1,220     1,354
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%   5/1/29  1,290     1,425
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/30    620       648
  California Infrastructure & Economic Development Bank Recreational Revenue 5.000%  11/1/41  6,100     6,352
  California Infrastructure & Economic Development Bank Recreational Revenue 3.000%   7/1/50 11,775     9,853
  California Infrastructure & Economic Development Bank Recreational Revenue PUT 1.200%   6/1/28 17,400    15,403
  California Infrastructure & Economic Development Bank Water Revenue 5.000%  10/1/34  5,000     5,494
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/32    225       247
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/33    625       677
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/34  1,125     1,216
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/34    750       819
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/35  2,000     2,094
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/36    250       272
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/38  1,355     1,388
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/38  1,800     1,957
  California Municipal Finance Authority College & University Revenue 5.000%   4/1/41  5,000     5,199
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/42  2,500     2,558
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/42  1,625     1,653
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/43  3,000     3,217
  California Municipal Finance Authority College & University Revenue 4.000%  11/1/44  1,500     1,517
  California Municipal Finance Authority Electric Power & Light Revenue 5.000%  10/1/33  2,220     2,404
  California Municipal Finance Authority Electric Power & Light Revenue 5.000%  10/1/34  1,340     1,450
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/28  1,800     1,957
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/29    390       424
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/30    275       300
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/31  2,465     2,652
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/31  2,910     3,154
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/32    775       823
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34  1,775     1,874
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/35    915       944
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37  1,800     1,886
111

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/41  6,975     7,310
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/42  6,180     6,381
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/42  2,500     2,582
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/44  1,800     1,835
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   2/1/46  1,720     1,427
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/47  9,300     9,791
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/47  5,000     4,858
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/47  5,200     5,339
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/47    200       205
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/47  3,860     3,982
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   2/1/51  7,060     6,972
4 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/54  2,250     2,367
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 4.000%  5/15/40  6,500     6,611
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Channing House Project) 5.000%  5/15/47  3,000     3,233
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue (Institute on Aging Project) 5.000%  8/15/37    930     1,025
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   2/1/25     40        43
  California Municipal Finance Authority Industrial Revenue VRDO 0.550%   6/1/22  6,550     6,550
  California Municipal Finance Authority Industrial Revenue VRDO 0.550%   6/1/22  1,340     1,340
2 California Municipal Finance Authority Intergovernmental Agreement Revenue 5.000%   8/1/46  5,125     5,494
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 2.650%   8/1/36  7,995     7,257
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/40  1,480     1,538
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/46  3,750     3,659
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 4.000%  5/15/48  5,000     4,710
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/50  2,580     2,614
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.000%  5/15/51  2,000     1,511
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/52  3,725     3,886
2 California Municipal Finance Authority Local or Guaranteed Housing Revenue 3.000%  5/15/54  1,600     1,181
  California Municipal Finance Authority Local or Guaranteed Housing Revenue (Caritas Projects) 4.000%  8/15/42  1,000       985
4 California Municipal Finance Authority Local or Guaranteed Housing Revenue (Claremont Colleges Project) 5.000%   7/1/52  2,040     2,012
  California Municipal Finance Authority Water Revenue (Anaheim Water System Project) 4.000%  10/1/34  4,560     4,682
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/37  1,500     1,535
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/46  1,250     1,412
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/47  5,585     6,017
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/47  3,365     3,471
1 California School Facilities Financing Authority Intergovernmental Agreement Revenue 0.000%   8/1/49 10,000     2,524
4 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/26    250       265
4 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/26  1,000     1,061
4 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/29    275       289
4 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/36  1,180     1,225
4 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/45    825       837
4 California School Finance Authority Charter School Aid Revenue 4.000%   7/1/48    675       609
4 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/49  2,000     2,047
4 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/49    150       158
4 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/50  2,120     2,146
4 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/50  1,200     1,261
4 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/51    800       690
4 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/51  5,000     4,205
4 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/51    800       764
6 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/52  3,175     3,182
4 California School Finance Authority Charter School Aid Revenue 5.000%   7/1/55  1,235     1,243
4 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/59  4,165     4,356
4 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/61  1,300     1,074
4 California School Finance Authority Charter School Aid Revenue 4.000%   6/1/61  5,000     4,037
4 California School Finance Authority Charter School Aid Revenue 4.000%   8/1/61  2,275     2,118
4 California School Finance Authority Charter School Aid Revenue (Green Dot Public School Project) 5.000%   8/1/48  3,025     3,136
4 California School Finance Authority Charter School Aid Revenue (IVY Academia Project) 4.000%   6/1/51  1,500     1,236
4 California School Finance Authority Charter School Aid Revenue (IVY Academia Project) 4.000%   6/1/61  3,675     2,901
4 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 4.000%   7/1/50  6,835     6,467
4 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 4.000%   7/1/55  5,375     4,986
4 California School Finance Authority Charter School Aid Revenue, Prere. 5.000%   8/1/25     50        54
4 California School Finance Authority Charter School Aid Revenue, Prere. 5.000%   8/1/25     25        27
4 California School Finance Authority Charter School Aid Revenue, Prere. 5.000%   8/1/25    120       131
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/34    475       496
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/35    975     1,011
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/36    530       546
  California School Finance Authority Lease (Abatement) Revenue (Grossmont United High School District Project) 4.000%   7/1/37  1,000     1,028
  California School Finance Authority Local or Guaranteed Housing Revenue 4.000%  11/1/36  1,480     1,393
2,4,5 California State Municipal Finance Authority Student Housing Local or Guaranteed Housing Revenue TOB VRDO 0.910%   6/2/22  5,295     5,295
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/30  4,000     4,721
112

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/31  1,000     1,112
  California State Public Works Board Lease (Abatement) Revenue 5.000%   4/1/31  2,500     2,780
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/31  4,000     4,767
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/32  3,000     3,577
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/33  2,000     2,374
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/34  4,000     4,737
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/35  5,000     5,904
  California State Public Works Board Lease (Abatement) Revenue 4.500%   9/1/35  4,000     4,123
  California State Public Works Board Lease (Abatement) Revenue 5.000%   8/1/36  4,000     4,717
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/40 14,095    14,972
  California State Public Works Board Lease (Abatement) Revenue 4.000%   5/1/41 14,660    15,545
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/34  1,300     1,329
  California State Public Works Board Lease (Abatement) Revenue (Judicial Council Projects) 5.000%   3/1/38  2,370     2,421
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Project) 4.000%   5/1/41  4,120     4,347
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%  11/1/30  6,000     6,317
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   4/1/33  2,220     2,318
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/37    655       691
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/37  1,115     1,185
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   3/1/38  1,000     1,054
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 4.000%   5/1/40  1,000     1,057
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 2.625%  11/1/45  4,145     3,277
6 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/34    575       657
6 California State Public Works Board Lease (Appropriation) Revenue 5.000%   8/1/36  1,115     1,268
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/36  3,365     3,589
6 California State Public Works Board Lease (Appropriation) Revenue 4.000%   8/1/37  1,330     1,379
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/38  1,000     1,063
  California State Public Works Board Lease (Appropriation) Revenue 4.000%  11/1/39  6,720     7,132
  California State Public Works Board Lease (Appropriation) Revenue 5.000%  11/1/40  5,750     6,707
  California State University College & University Revenue 5.000%  11/1/32  6,610     7,248
  California State University College & University Revenue 4.000%  11/1/36    300       319
  California State University College & University Revenue 3.000%  11/1/37  2,215     2,096
  California State University College & University Revenue 5.000%  11/1/37  5,025     5,722
  California State University College & University Revenue 3.000%  11/1/38  2,280     2,127
  California State University College & University Revenue 5.000%  11/1/38  4,015     4,564
  California State University College & University Revenue 5.000%  11/1/38    660       722
  California State University College & University Revenue 5.000%  11/1/41 10,450    11,316
  California State University College & University Revenue 5.000%  11/1/43  5,275     5,657
  California State University College & University Revenue 5.000%  11/1/45  5,000     5,383
  California State University College & University Revenue 5.000%  11/1/47  6,430     6,966
  California State University College & University Revenue 5.000%  11/1/48  6,945     7,679
  California State University College & University Revenue 5.000%  11/1/50  6,000     6,625
  California State University College & University Revenue PUT 1.600%  11/1/26  3,500     3,333
  California State University College & University Revenue, Prere. 5.000%  11/1/24    120       128
  California State University College & University Revenue, Prere. 5.000%  11/1/24     75        80
  California State University College & University Revenue, Prere. 5.000%  11/1/24    140       150
  California State University Local or Guaranteed Housing Revenue 3.000%  11/1/35  9,005     8,830
  California State University Local or Guaranteed Housing Revenue 4.000%  11/1/51  7,085     7,189
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/30    100       109
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/31  4,745     5,046
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/32    190       204
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/33  1,350     1,465
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/34  1,270     1,282
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/34    880       942
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/35  3,225     3,450
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/36  1,480     1,582
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/37  2,335     2,384
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/37  1,020     1,089
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.500%   3/1/38  1,045       998
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/38  1,130     1,205
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/41    110       111
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/42  1,445     1,455
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/45  4,315     4,524
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/45  7,085     7,017
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/45  2,150     2,126
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/46  2,750     2,783
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/46  2,035     2,140
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/46  1,800     1,901
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.375%   1/1/48    200       203
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/48  5,300     5,585
113

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/48  3,020     3,219
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 3.000%   4/1/50  1,070       877
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/51  1,580     1,580
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/51  3,000     3,148
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/53  3,450     3,665
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/57  3,775     4,010
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.250%  11/1/44  1,000       974
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (899 Charleston Project) 5.375%  11/1/49  2,300     2,259
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/43  1,500     1,612
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue (Huntington Memorial Hospital Project) 5.000%   7/1/48  7,000     7,481
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  8/15/24  4,925     5,123
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/27  2,650     2,898
5 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.620%   6/1/22  2,700     2,700
5 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue VRDO 0.700%   6/1/22  9,100     9,100
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%  8/15/22 11,000    11,087
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue, Prere. 5.625%  12/1/23  4,000     4,223
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/29  2,000     2,131
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/30  3,500     3,708
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/32  2,500     2,635
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/34  4,055     4,150
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/40  4,220     4,275
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/40  4,445     4,649
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/41  4,385     4,432
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 4.000%  5/15/46  2,000     2,000
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 3.000%  5/15/51  9,000     6,973
4 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.250%   7/1/52    725       663
2 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 3.000%  5/15/54  4,000     3,027
  California Statewide Communities Development Authority Special Tax Revenue 4.000%   9/1/50  1,300     1,216
6 Campbell CA GO 5.000%   9/1/47  1,000     1,145
6 Campbell Union School District GO 4.000%   8/1/48  4,630     4,728
  Carlsbad Unified School District GO 4.000%   5/1/32    575       604
  Carlsbad Unified School District GO 4.000%   5/1/33    685       719
  Carlsbad Unified School District GO 4.000%   5/1/34    695       727
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Merged Redevelopment Project) 4.000%   8/1/34  1,500     1,574
2 Cathedral City Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Housing Merged Redevelopment Project) 4.000%   8/1/30    300       320
  Centinela Valley Union High School District GO, Prere. 6.000%   8/1/23  3,000     3,148
  Central School District GO 5.000%   8/1/47  3,350     3,614
  Central School District GO 4.000%   8/1/48  3,945     3,997
2 Ceres Unified School District GO 5.000%   8/1/51  5,000     5,402
  Cerritos Community College District GO 0.000%   8/1/34  4,000     2,669
  Cerritos Community College District GO 0.000%   8/1/35  1,730     1,106
  Cerritos Community College District GO, Prere. 5.000%   8/1/22  7,000     7,045
  Chabot-Las Positas Community College District GO 4.000%   8/1/35  2,000     2,072
  Chabot-Las Positas Community College District GO 4.000%   8/1/42    705       724
  Chabot-Las Positas Community College District GO 4.000%   8/1/47  1,535     1,556
  Chaffey Joint Union High School District GO 5.250%   8/1/47  3,080     3,358
  Chico Unified School District GO 4.000%   8/1/35  1,880     1,932
  Chico Unified School District GO 4.000%   8/1/44  1,750     1,801
  Chino Community Facilities District Special Tax Revenue 4.000%   9/1/46  1,000       942
  Chino Community Facilities District Special Tax Revenue 4.000%   9/1/51  1,250     1,163
  Chino Valley Unified School District GO 5.000%   8/1/55 15,000    16,906
1 Chula Vista Elementary School COP 2.000%   9/1/46  5,710     3,834
1 Chula Vista Elementary School COP 2.000%   9/1/51  3,400     2,156
  Chula Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/25  2,130     2,252
  Chula Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/26  1,175     1,256
  Cloverdale Unified School District GO 4.000%   8/1/49  5,000     5,060
1 Cloverdale Unified School District GO 4.000%   8/1/50  3,575     3,614
2 Clovis CA Sewer Revenue 5.000%   8/1/37  1,000     1,101
2 Clovis CA Sewer Revenue 5.000%   8/1/38  2,250     2,470
4 CMFA Special Finance Agency I Local or Guaranteed Housing Revenue 3.300%   4/1/51  4,975     4,051
4 CMFA Special Finance Agency Local or Guaranteed Housing Revenue 3.000%  12/1/56  5,000     3,542
2 Coachella Valley Unified School District GO 5.000%   8/1/46 10,000    10,720
  College of the Sequoias Tulare Area Improvement District No. 3 GO 4.000%   8/1/46  2,245     2,288
2 Colton Joint Unified School District GO 4.000%   8/1/32  1,340     1,398
2 Compton CA Unified School District COP 5.000%   6/1/30    300       332
114

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Compton CA Unified School District COP 4.000%   6/1/37    520       530
1 Conejo Valley Unified School District GO 0.000%   8/1/29  2,000     1,516
1 Conejo Valley Unified School District GO 0.000%   8/1/30  1,865     1,338
  Contra Costa County Public Financing Authority Lease (Abatement) Revenue 4.000%   6/1/41  1,500     1,569
  Corona-Norco Unified School District GO 4.000%   8/1/49  3,000     3,036
  Covina-Valley Unified School District GO 5.000%   8/1/46  4,500     4,965
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.125%   8/1/56  3,100     2,338
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%   9/1/56  8,120     6,153
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%   2/1/57  1,000       757
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.250%   4/1/57  6,475     5,039
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.250%   5/1/57  5,000     3,854
4,5 Culver City CA Unified School District GO TOB VRDO 0.670%   6/1/22    850       850
  Cupertino Union School District GO 4.000%   8/1/40    300       307
1 Downey Unified School District GO 2.000%   8/1/42    450       343
  Dublin CA Special Tax Revenue 4.000%   9/1/45    850       806
  Dublin CA Special Tax Revenue 4.000%   9/1/51    865       804
  East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/37    520       558
6 East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/42    700       824
6 East Bay Municipal Utility District Wastewater System Sewer Revenue 5.000%   6/1/45  1,250     1,462
  East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/45    300       329
6 East Bay Municipal Utility District Water System Water Revenue 5.000%   6/1/47  3,280     3,824
6 East Bay Municipal Utility District Water System Water Revenue 5.250%   6/1/52  2,500     2,953
1 East Side Union High School District GO 3.000%   8/1/30  2,000     2,013
1 East Side Union High School District GO 3.000%   8/1/31  2,000     2,009
1 East Side Union High School District GO 3.000%   8/1/32  1,500     1,500
1 East Side Union High School District GO 3.000%   8/1/33  1,500     1,489
1 East Side Union High School District GO 3.000%   8/1/35  5,995     5,883
  Eastern Municipal Water District Financing Authority Water Revenue 4.000%   7/1/37  1,115     1,177
  Eastern Municipal Water District Financing Authority Water Revenue 5.000%   7/1/46    675       719
  Eastern Municipal Water District Financing Authority Water Revenue, Prere. 4.000%   7/1/26    205       219
  Eastern Municipal Water District Financing Authority Water Revenue, Prere. 4.000%   7/1/26    145       155
  Eastern Municipal Water District Water Revenue 5.000%   7/1/39  2,030     2,214
  Eastern Municipal Water District Water Revenue VRDO 0.550%   6/1/22    515       515
  El Camino Community College District Foundation GO 5.000%   8/1/48  6,550     7,237
  El Camino Healthcare District GO 4.000%   8/1/34  5,000     5,134
  El Dorado Irrigation District COP 4.000%   3/1/45  5,000     5,129
  El Monte Union High School District GO 0.000%   6/1/44  2,340       974
  El Monte Union High School District GO 0.000%   6/1/45  2,250       894
  El Monte Union High School District GO 0.000%   6/1/46  2,000       759
  El Segundo Unified School District GO 3.125%   8/1/48  4,530     4,067
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 5.000%   6/1/34    500       599
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 5.000%   6/1/35    325       388
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 5.000%   6/1/36    435       517
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/37    480       512
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/38    475       504
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/39    950     1,006
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/40    990     1,042
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 5.000%   6/1/41  1,030     1,212
  El Toro Water District Financing Authority Intergovernmental Agreement Revenue 5.000%   6/1/42    580       681
4,5 Elk Grove Unified School District GO TOB VRDO 0.660%   6/1/22  5,410     5,410
  Encinitas CA Special Tax Revenue, Prere. 5.000%   9/1/22    965       974
  Fairfield Community Facilities District Special Tax Revenue 4.000%   9/1/45  2,000     1,891
  Fairfield Community Facilities District Special Tax Revenue 4.000%   9/1/52  4,355     4,026
  Fairfield-Suisun Unified School District GO 2.000%   8/1/33  4,890     4,261
8 FHLMC Multifamily Certificates Local or Guaranteed Housing Revenue 2.350% 12/15/35  4,760     4,158
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/33    530       569
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/38    845       904
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/46    420       395
  Folsom Ranch Financing Authority Special Tax Revenue 5.000%   9/1/48  1,675     1,776
  Folsom Ranch Financing Authority Special Tax Revenue 4.000%   9/1/50    540       499
  Fontana CA Special Tax Revenue 4.000%   9/1/45    750       712
  Fontana CA Special Tax Revenue 4.000%   9/1/50  1,005       940
2 Fontana Public Facilities Financing Authority Lease (Abatement) Revenue 4.000%  11/1/41  2,830     2,965
2 Fontana Public Facilities Financing Authority Lease (Abatement) Revenue 4.000%  11/1/46  4,330     4,436
2 Fontana Public Facilities Financing Authority Lease (Abatement) Revenue 4.000%  11/1/51  4,935     5,015
9 Foothill-De Anza Community College District GO 0.000%   8/1/22  3,850     3,842
9 Foothill-De Anza Community College District GO 0.000%   8/1/25  2,390     2,220
3 Foothill-De Anza Community College District GO 0.000%   8/1/36  3,000     1,876
  Foothill-De Anza Community College District GO 3.000%   8/1/37  1,150     1,108
115

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Foothill-De Anza Community College District GO 3.000%   8/1/38  1,000       948
1 Foothill-Eastern Transportation Corridor Agency Highway Revenue 5.000%  1/15/42    485       505
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/43  2,309     2,320
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 4.000%  1/15/46  9,500     9,484
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 3.500%  1/15/53  3,675     3,271
  Foothill-Eastern Transportation Corridor Agency Highway Revenue 3.950%  1/15/53    615       592
10 Foothill-Eastern Transportation Corridor Agency Highway Revenue, 6.850% coupon rate effective 1/15/24 0.000%  1/15/42  9,000    10,080
  Foothill-Eastern Transportation Corridor Agency Highway Revenue, Prere. 5.750%  1/15/24    100       106
  Foothill-Eastern Transportation Corridor Agency Highway Revenue, Prere. 6.000%  1/15/24  6,675     7,121
  Franklin-Mckinley School District GO 4.000%   8/1/35    100       105
  Franklin-Mckinley School District GO 4.000%   8/1/36    100       105
  Franklin-Mckinley School District GO 4.000%   8/1/37    205       214
  Franklin-Mckinley School District GO 4.000%   8/1/39    245       254
  Franklin-Mckinley School District GO 4.000%   8/1/40    415       429
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 5.000%   4/1/35  1,150     1,260
1 Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Projects) 4.000%   4/1/46  1,540     1,570
  Fresno Unified School District GO 2.000%   8/1/29  2,305     2,186
  Fresno Unified School District GO 2.000%   8/1/30  2,435     2,270
  Fresno Unified School District GO 4.000%   8/1/30    150       163
  Fresno Unified School District GO 2.000%   8/1/31  1,565     1,432
  Fresno Unified School District GO 4.000%   8/1/31    450       472
  Fresno Unified School District GO 4.000%   8/1/31    150       163
  Fresno Unified School District GO 2.000%   8/1/32  2,705     2,431
  Fresno Unified School District GO 4.000%   8/1/32    550       574
  Fresno Unified School District GO 4.000%   8/1/32    175       187
  Fresno Unified School District GO 4.000%   8/1/33    750       781
  Fresno Unified School District GO 4.000%   8/1/33    400       428
  Fresno Unified School District GO 4.000%   8/1/34    800       831
  Fresno Unified School District GO 4.000%   8/1/35    850       881
  Fresno Unified School District GO 4.000%   8/1/36  1,000     1,031
  Fresno Unified School District GO 4.000%   8/1/45  2,500     2,560
  Fresno Unified School District GO 4.000%   8/1/46    140       142
4,5 Gilroy CA Public Facilities Financing Authority Wastewater Lease (Non-Terminable) Revenue TOB VRDO 0.850%   6/2/22 11,555    11,555
  Gilroy Unified School District GO 4.000%   8/1/32    350       372
  Gilroy Unified School District GO 4.000%   8/1/33  1,155     1,203
  Gilroy Unified School District GO 4.000%   8/1/36  1,000     1,031
  Gilroy Unified School District GO 4.000%   8/1/36    400       418
  Gilroy Unified School District GO 4.000%   8/1/37    450       470
3 Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, ETM 0.000%   6/1/28 10,045     8,647
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/28  2,370     2,750
  Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue, Prere. 5.000%   6/1/28  1,365     1,584
  Grossmont Healthcare District GO 4.000%  7/15/35  1,100     1,117
  Grossmont Union High School District GO 0.000%   8/1/30  6,555     4,998
  Grossmont-Cuyamaca Community College District GO 4.000%   8/1/47 10,935    11,111
1 Hacienda La Puente County CA Unified School District COP 4.000%   6/1/45  6,000     6,107
  Hacienda La Puente County CA Unified School District GO 5.250%   8/1/42  1,030     1,139
1 Hanford Joint Union High School District (School Financing Project) COP 4.000%   6/1/45  1,600     1,614
  Hartnell CA Community College District GO 4.000%   8/1/33    200       212
  Hartnell CA Community College District GO 4.000%   8/1/34    225       238
  Hartnell CA Community College District GO 4.000%   8/1/35    300       315
  Hartnell CA Community College District GO 4.000%   8/1/47  5,165     5,236
2 Hayward Unified School District GO 5.000%   8/1/33  1,335     1,502
2 Hayward Unified School District GO 5.000%   8/1/34  1,000     1,123
1 Hayward Unified School District GO 4.000%   8/1/42    500       509
2 Hayward Unified School District GO 4.000%   8/1/43  3,000     3,072
2 Hayward Unified School District GO 5.000%   8/1/44  1,045     1,152
2 Hayward Unified School District GO 4.000%   8/1/46  2,250     2,312
2 Hayward Unified School District GO 4.000%   8/1/48  4,050     4,124
1 Hayward Unified School District GO 4.000%   8/1/50 10,000    10,192
2 Hayward Unified School District GO 4.000%   8/1/50  5,870     6,010
  Hemet Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/39  1,100     1,140
1 Hemet Unified School District GO 3.000%   8/1/37  1,790     1,682
1 Hemet Unified School District GO 3.000%   8/1/39  2,070     1,904
2 Imperial Community College District GO 0.000%   8/1/30  2,125     1,611
  Imperial Irrigation District Electric System Electric Power & Light Revenue 5.000%  11/1/32  2,765     3,032
  Imperial Irrigation District Electric System Electric Power & Light Revenue 3.000%  11/1/33  1,000       992
2 Imperial Unified School District GO 5.250%   8/1/43  6,000     6,602
1,4 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/46  1,000     1,022
1,4 Independent Cities Finance Authority Intergovernmental Agreement Revenue 4.000%   6/1/51  1,465     1,497
116

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/32  1,000     1,108
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/34  1,125     1,242
2 Inglewood Redevelopment Agency Successor Agency Tax Allocation Revenue (Sub Lien-Merged Redevelopment Project) 5.000%   5/1/38    500       547
2 Inglewood Unified School District GO 4.000%   8/1/26    250       264
2 Inglewood Unified School District GO 5.000%   8/1/31    500       557
2 Inglewood Unified School District GO 5.000%   8/1/32    420       467
2 Inglewood Unified School District GO 4.000%   8/1/36    500       508
1 Irvine CA Special Tax Revenue 5.000%   9/1/51  6,470     7,062
5 Irvine CA VRDO 0.520%   6/1/22 12,987    12,987
5 Irvine CA VRDO 0.620%   6/1/22  6,794     6,794
5 Irvine Ranch Water District Special Assessment Revenue VRDO 0.620%   6/1/22  3,900     3,900
  Irvine Unified School District GO 2.250%   9/1/50  3,000     2,083
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/37    265       282
  Irvine Unified School District Special Tax Revenue 4.000%   9/1/40    350       347
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/42    400       423
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/47  1,000     1,051
2 Irvine Unified School District Special Tax Revenue 4.000%   9/1/49  1,110     1,131
  Irvine Unified School District Special Tax Revenue 5.000%   9/1/51  1,000     1,048
2 Irvine Unified School District Special Tax Revenue 4.000%   9/1/54  2,750     2,799
2 Jefferson Union High School District COP 4.000%   8/1/45  1,455     1,484
2 Jefferson Union High School District COP 4.000%   8/1/50  6,950     7,090
  Jefferson Union High School District GO 4.000%   8/1/45  1,250     1,274
2 Jurupa Public Financing Authority Special Tax Revenue 4.000%   9/1/37    610       627
  Jurupa Unified School District GO 4.000%   8/1/43  8,000     8,254
  Jurupa Unified School District Special Tax Revenue 4.500%   9/1/52  7,935     7,810
2 La Mesa-Spring Valley School District GO 4.000%   8/1/46  1,650     1,678
2 La Mesa-Spring Valley School District GO 4.000%   8/1/51  5,250     5,320
  Lammersville Joint Unified School District Special Tax Revenue 4.000%   9/1/37    500       499
  Lammersville Joint Unified School District Special Tax Revenue 4.000%   9/1/42    500       483
  Lammersville Joint Unified School District Special Tax Revenue 4.000%   9/1/52  1,400     1,305
  Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/29  1,010     1,107
  Lancaster Redevelopment Agency Successor Agency Tax Allocation Revenue (Combined Redevelopment Project Areas) 5.000%   8/1/30  1,255     1,372
  Las Lomitas Elementary School District GO 3.000%   7/1/34    570       567
  Las Lomitas Elementary School District GO 3.000%   7/1/35    450       444
  Las Lomitas Elementary School District GO 3.000%   7/1/36    500       487
  Las Lomitas Elementary School District GO 3.000%   7/1/37    800       758
9 Las Virgenes Unified School District GO 0.000%   9/1/26  6,160     5,494
  Liberty Union High School District GO 4.000%   8/1/33    250       265
  Liberty Union High School District GO 4.000%   8/1/34    250       264
1 Lincoln CA Special Tax Revenue 5.000%   9/1/32  3,215     3,612
1 Lincoln CA Special Tax Revenue 5.000%   9/1/34  2,000     2,245
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/31    330       345
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/33    400       417
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/47 10,000    10,184
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/34  1,000       994
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/34    375       373
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/35  1,000       985
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/35    520       512
2 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/36    730       710
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/38  1,730     1,602
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/40    925       824
1 Local Public Schools Funding Authority School Improvement District No. 2016-1 GO 3.000%   8/1/42  1,980     1,722
1 Lodi Public Financing Authority Intergovernmental Agreement Revenue 5.000%   9/1/32  1,640     1,846
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/29  1,275     1,410
  Long Beach Bond Finance Authority Natural Gas Revenue 5.000% 11/15/35  1,575     1,787
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/37  3,520     4,215
11 Long Beach Bond Finance Authority Natural Gas Revenue, 67% of 3M USD LIBOR + 1.430% 2.376% 11/15/26  1,800     1,767
3 Long Beach Bond Finance Authority Tax Allocation Revenue 5.500%   8/1/26  7,570     8,033
3 Long Beach Bond Finance Authority Tax Allocation Revenue 5.500%   8/1/31  4,715     5,445
1,6 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/28    250       282
1,6 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/29    250       284
1,6 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/30    305       349
1,6 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/31    430       496
1,6 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/32    220       255
1,6 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/33    240       275
117

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1,6 Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/34    375       428
  Long Beach CA Airport System Port, Airport & Marina Revenue 5.000%   6/1/40  4,440     4,450
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/39  1,535     1,640
  Long Beach CA Harbor Appropriations Revenue 5.000%  5/15/42  2,315     2,467
  Long Beach CA Harbor Port, Airport & Marina Revenue 5.000%  5/15/47  5,105     5,507
  Long Beach Community College District GO 0.000%   8/1/34  2,830     1,841
  Long Beach Community College District GO 4.000%   8/1/45  2,000     2,042
  Long Beach Community College District GO 4.000%   8/1/49  4,400     4,453
  Long Beach Unified School District GO 0.000%   8/1/26  1,870     1,659
  Long Beach Unified School District GO 3.000%   8/1/39  2,840     2,681
  Los Angeles CA Community College District GO 4.000%   8/1/33  1,075     1,134
2 Los Angeles CA Unified School District COP 5.000%  10/1/30    450       527
2 Los Angeles CA Unified School District COP 4.000%  10/1/32    735       792
2 Los Angeles CA Unified School District COP 2.250%  10/1/34    560       479
  Los Angeles CA Unified School District GO 5.000%   7/1/28  5,000     5,291
  Los Angeles CA Unified School District GO 5.000%   7/1/30  1,685     1,783
2 Los Angeles CA Unified School District GO 5.000%   7/1/30  2,820     3,176
  Los Angeles CA Unified School District GO 3.000%   1/1/34  4,780     4,693
  Los Angeles CA Unified School District GO 4.000%   7/1/36  4,000     4,229
  Los Angeles CA Unified School District GO 4.000%   7/1/36  6,000     6,398
  Los Angeles CA Unified School District GO 4.000%   7/1/37  5,000     5,269
  Los Angeles CA Unified School District GO 4.000%   7/1/37  2,500     2,656
  Los Angeles CA Unified School District GO 4.000%   7/1/38  4,370     4,626
  Los Angeles CA Unified School District GO 4.000%   7/1/39  2,505     2,627
  Los Angeles CA Unified School District GO 4.000%   7/1/40  2,725     2,843
  Los Angeles CA Unified School District GO 4.000%   7/1/40  3,000     3,130
  Los Angeles CA Unified School District GO 4.000%   7/1/40  2,765     2,904
  Los Angeles CA Unified School District GO 4.000%   7/1/41  2,500     2,621
  Los Angeles CA Unified School District GO 4.000%   7/1/44  5,000     5,161
  Los Angeles CA Unified School District GO 2.625%   7/1/46  1,950     1,537
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/33  1,010     1,119
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/34  3,250     3,597
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35  5,000     5,372
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/35  2,500     2,764
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/36  1,660     1,834
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/37  2,100     2,318
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/39    150       165
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/48 10,000    11,058
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 5.000%  12/1/43  6,735     7,520
  Los Angeles County Facilities Inc. Lease (Abatement) Revenue 4.000%  12/1/48  9,805     9,936
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/32  2,340     2,574
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   6/1/33  1,700     1,893
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/34  3,305     3,683
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/35  1,525     1,625
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/36  1,500     1,585
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/36  3,750     4,233
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 4.000%   6/1/37  4,225     4,459
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/37  3,580     3,965
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/38  5,950     6,701
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/41  3,000     3,306
  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 5.000%   7/1/44 15,245    17,029
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/34  2,000     2,132
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/39  2,500     2,640
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/40  3,180     3,339
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/41  2,500     2,621
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 4.000%  12/1/43  3,250     3,378
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/45  1,160     1,243
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue 5.000%  12/1/49  5,035     5,632
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/37  2,750     2,768
  Los Angeles County Public Works Financing Authority Lease (Abatement) Revenue (Multiple Capital Projects II) 5.000%   8/1/42  5,940     5,978
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/30  1,210     1,419
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/32    860     1,020
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/34  1,250     1,477
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 5.000%  12/1/36  2,250     2,650
  Los Angeles County Regional Financing Authority Lease (Abatement) Revenue 4.000%  12/1/37  1,800     1,916
  Los Angeles County Sanitation Districts Financing Authority Lease Revenue 5.000%  10/1/30  1,500     1,791
  Los Angeles County Sanitation Districts Financing Authority Lease Revenue 5.000%  10/1/31  1,500     1,808
  Los Angeles County Sanitation Districts Financing Authority Lease Revenue 5.000%  10/1/32  1,375     1,672
  Los Angeles County Sanitation Districts Financing Authority Sewer Revenue (Capital Projects District No. 14) 5.000%  10/1/35  4,000     4,330
118

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/35  1,000     1,098
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/37  2,135     2,407
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  4,240     4,486
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  2,150     2,420
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  2,100     2,364
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/38  1,700     1,934
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/39  7,500     7,860
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/39  5,905     6,706
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/40  5,065     5,300
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/42  2,000     2,180
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/43  2,500     2,793
  Los Angeles Department of Airports Port, Airport & Marina Revenue 4.000%  5/15/48 10,000    10,404
  Los Angeles Department of Airports Port, Airport & Marina Revenue 5.000%  5/15/49  5,020     5,550
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/33  1,000     1,199
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/34  1,205     1,442
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/35  1,430     1,708
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/36  1,000     1,193
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/37  2,110     2,512
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/40 10,730    12,384
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/42  1,000     1,185
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/51  8,070     9,279
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/51  4,250     4,887
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/52  5,185     6,029
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/32  4,675     5,331
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  3,025     3,437
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  5,035     5,721
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/33  2,600     2,750
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/35  3,500     3,699
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/37  1,700     1,891
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  5,000     5,011
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  4,345     4,828
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  1,835     1,984
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  1,980     2,163
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/38  2,500     2,845
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.250%   7/1/39  1,110     1,224
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/40  2,045     2,204
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/42    350       385
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/42    200       215
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/42    380       415
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/46    160       171
  Los Angeles Department of Water & Power System Electric Power & Light Revenue 5.000%   7/1/47  7,000     7,594
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.520%   6/1/22 11,000    11,000
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.540%   6/1/22 36,300    36,300
  Los Angeles Department of Water & Power System Electric Power & Light Revenue VRDO 0.550%   6/1/22 19,450    19,450
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/30  5,000     5,727
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/33  5,075     5,733
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/34  9,020    10,169
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36  3,790     4,118
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36  4,765     5,223
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36  5,000     5,942
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36  4,995     5,011
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/36  5,005     5,017
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37  4,675     5,121
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37  1,640     1,828
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37    770       772
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/37    775       777
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38  2,500     2,736
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38  1,000     1,113
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/38  5,000     5,922
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/39  1,935     2,241
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/40  6,000     7,097
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/42  4,580     4,928
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/42  6,000     7,087
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/43  6,750     7,550
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/43  5,000     5,891
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/46  1,860     1,994
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/46  2,500     2,680
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/48  3,000     3,335
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/49  7,500     7,632
119

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Los Angeles Department of Water & Power Water System Water Revenue VRDO 0.550%   6/1/22  1,800     1,800
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/29  3,000     3,317
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 5.000%  11/1/30  2,465     2,719
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/33  5,200     5,428
  Los Rios Community College District GO 3.000%   8/1/31  2,000     2,012
  Los Rios Community College District GO 3.000%   8/1/32  2,900     2,901
  Los Rios Community College District GO 3.000%   8/1/33  1,750     1,737
  Los Rios Community College District GO 3.000%   8/1/34  2,750     2,721
  Los Rios Community College District GO 4.000%   8/1/34  4,555     4,770
  Los Rios Community College District GO 3.000%   8/1/35  1,450     1,423
9 Madera Unified School District GO 0.000%   8/1/28  2,680     2,239
  Madera Unified School District GO 4.000%   8/1/43  1,625     1,673
2 Manteca Redevelopment Agency Successor Agency Tax Allocation Revenue 4.000%  10/1/34    500       521
  Marina Coast Water District Water Revenue 5.000%   6/1/37  4,085     4,377
1 Martinez Unified School District GO 4.000%   8/1/51  8,605     8,715
  Menifee CA Special Tax Revenue 4.000%   9/1/37    500       499
  Menifee CA Special Tax Revenue 4.000%   9/1/51  1,430     1,333
1 Menifee Union School District GO 3.000%   8/1/38  1,500     1,389
  Menifee Union School District Special Tax Revenue 4.000%   9/1/45    875       830
  Menifee Union School District Special Tax Revenue 4.000%   9/1/51  1,825     1,693
  Mesa Water District COP 4.000%  3/15/40    325       340
  Metropolitan Water District of Southern California Water Revenue 5.000%  10/1/33  6,000     6,016
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/34  5,590     6,085
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/40  4,500     4,814
  Metropolitan Water District of Southern California Water Revenue 5.000%   7/1/40 10,020    11,541
  Metropolitan Water District of Southern California Water Revenue VRDO 0.550%   6/1/22 20,500    20,500
  Metropolitan Water District of Southern California Water Revenue VRDO 0.550%   6/1/22 13,110    13,110
  Milpitas Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 5.000%   9/1/30  4,125     4,464
  Modesto Elementary School District GO 3.000%   8/1/39    280       256
3 Modesto Irrigation District Electric Power & Light Revenue, ETM 6.500%  10/1/22  1,190     1,210
  Modesto Irrigation District Lease (Non-Terminable) Revenue 5.000%  10/1/40  6,610     7,084
  Moreno Valley Community Redevelopment Agency Tax Allocation Revenue 5.000%   8/1/31  1,675     1,871
  Moreno Valley Unified School District Financing Authority Special Tax Revenue 5.000%   9/1/33  1,605     1,722
  Mount San Antonio Community College District GO 5.000%   8/1/39  1,000     1,134
  Mount San Antonio Community College District GO 4.000%   8/1/49  5,200     5,272
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/43  2,000     2,040
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/45  4,000     4,056
2 Mountain House Public Financing Authority Intergovernmental Agreement Revenue 4.000%  12/1/50  6,670     6,727
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/34    710       767
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/35    740       795
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/36    500       532
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/37    525       554
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/38    810       850
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/39  1,725     1,792
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/40  1,795     1,847
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/41  1,710     1,750
  Mountain House Public Financing Authority Lease (Abatement) Revenue (Road Improvement Projects) 4.000%  10/1/46  3,115     3,122
  Mountain View Los Altos CA Union High School District GO 1.500%   8/1/32  1,730     1,471
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34  7,000     8,928
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34    500       638
  M-S-R Energy Authority Natural Gas Revenue 7.000%  11/1/34  3,200     4,081
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  4,195     5,367
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  4,785     6,122
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/39  1,170     1,497
  Municipal Improvement Corp. of Los Angeles Lease (Abatement) Revenue 5.000%  11/1/31  1,353     1,578
  Municipal Improvement Corp. of Los Angeles Lease (Abatement) Revenue 5.000%  11/1/32  1,331     1,549
  Municipal Improvement Corp. of Los Angeles Lease (Abatement) Revenue 5.000%  11/1/33  1,550     1,800
  Napa Valley Community College District GO 4.000%   8/1/33  2,500     2,593
  Napa Valley Community College District GO 4.000%   8/1/34  2,000     2,069
1 Napa Valley Unified School District GO 4.000%   8/1/34  1,630     1,693
  Napa Valley Unified School District GO 5.000%   8/1/41    500       544
  Napa Valley Unified School District GO 5.000%   8/1/44    100       108
2 New Haven Unified School District GO 5.000%   8/1/28  2,000     2,121
  New Haven Unified School District GO 4.000%   8/1/36    500       522
  New Haven Unified School District GO 4.000%   8/1/37     70        73
  New Haven Unified School District GO 4.000%   8/1/39    420       436
  Newport Mesa Unified School District GO 0.000%   8/1/35  4,000     2,565
  Newport Mesa Unified School District GO 0.000%   8/1/36  1,000       612
  Newport Mesa Unified School District GO 0.000%   8/1/37  2,000     1,172
120

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Newport Mesa Unified School District GO 0.000%   8/1/38  1,000       560
  Norco Financing Authority Intergovernmental Agreement Revenue 4.000%  10/1/49  1,300     1,318
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/42  3,430     3,675
  Norman Y Mineta San Jose International Airport SJC Port, Airport & Marina Revenue 5.000%   3/1/47     50        53
  North Lake Tahoe Public Financing Authority Lease (Appropriation) Revenue 5.250%  12/1/42  3,250     3,654
  North Lake Tahoe Public Financing Authority Lease (Appropriation) Revenue 5.500%  12/1/47  4,425     5,054
  North Orange County CA Community College District GO 3.000%   8/1/38  1,000       926
  North Orange County CA Community College District GO 3.000%   8/1/39  1,000       921
  North Orange County CA Community College District GO 3.000%   8/1/40  1,000       916
  Northeastern School District/York County GO 3.250%   8/1/35    100       100
  Northern California Energy Authority Natural Gas Revenue PUT 4.000%   7/1/24  5,000     5,105
  Northern California Power Agency Electric Power & Light Revenue (Hydroelectric Projects) 5.000%   7/1/30  2,640     3,119
  Northern California Power Agency Electric Power & Light Revenue (Hydroelectric Projects) 5.000%   7/1/31  3,000     3,590
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/37  3,610     3,935
  Northern California Transmission Agency Electric Power & Light Revenue (California Oregon Project) 5.000%   5/1/38  1,900     2,068
  Norwalk-La Mirada Unified School District GO 5.000%   8/1/44  4,320     4,712
  Norwalk-La Mirada Unified School District GO 4.000%   8/1/47  5,105     5,175
4,5 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.820%   6/2/22 10,000    10,000
4,5 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.860%   6/2/22 10,000    10,000
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/30    900       974
  Oakland Unified School District/Alameda County GO 5.000%   8/1/31    780       855
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/33  3,450     3,576
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/34  2,545     2,620
1 Oakland Unified School District/Alameda County GO 4.000%   8/1/35  1,000     1,025
2 Oakland Unified School District/Alameda County GO 5.000%   8/1/35  5,375     6,313
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/37  4,750     4,898
  Oakland Unified School District/Alameda County GO 5.000%   8/1/37  2,520     2,775
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/39  1,140     1,176
1 Oakland Unified School District/Alameda County GO 3.000%   8/1/40  2,000     1,816
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/40  1,205     1,231
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/41  1,325     1,353
12 Oceanside CA Unified School District GO 0.000%   8/1/25  5,180     4,796
12 Oceanside CA Unified School District GO, ETM 0.000%   8/1/25    755       704
12 Oceanside CA Unified School District GO, ETM 0.000%   8/1/25    615       573
12 Oceanside CA Unified School District GO, ETM 0.000%   8/1/25    315       294
  Orange County Water District Water Revenue 4.000%  8/15/34    650       697
2 Oxnard School District GO 5.000%   8/1/41  1,110     1,212
  Oxnard Union High School District GO 5.000%   8/1/45  1,000     1,108
  Palm Desert CA Special Assesment Revenue 4.000%   9/2/31    800       808
  Palm Desert CA Special Assesment Revenue 4.000%   9/2/37  1,200     1,198
4,5 Palo Alto CA COP TOB VRDO 0.850%   6/2/22 12,825    12,825
  Palo Alto CA Special Assesment Revenue 4.250%   9/2/22    200       201
  Palomar Community College District GO 0.000%   8/1/24  5,125     4,864
  Palomar Community College District GO 5.000%   8/1/34  1,000     1,108
  Palomar Health GO 4.000%   8/1/32  4,140     4,280
12 Palomar Health GO 0.000%   8/1/33  4,100     2,700
  Palomar Health GO 4.000%   8/1/33  4,560     4,687
  Palomar Health GO 5.000%   8/1/34  1,100     1,196
  Palomar Health GO 4.000%   8/1/35  4,270     4,356
  Palomar Health GO 0.000%   8/1/36  5,025     2,804
  Palomar Health GO 4.000%   8/1/36  5,085     5,166
1 Palomar Health GO 0.000%   8/1/38    390       203
12 Palomar Health GO 7.000%   8/1/38    205       246
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/39  5,000     5,250
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/42  3,000     3,170
1 Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/47  4,000     4,272
9 Paramount Redevelopment Agency Successor Agency Tax Allocation Revenue (Redevelopment Project Area No. 1) 0.000%   8/1/26  3,000     2,601
  Peninsula Corridor Joint Powers Board Sales Tax Revenue 5.000%   6/1/39  5,070     5,904
  Peninsula Corridor Joint Powers Board Sales Tax Revenue 5.000%   6/1/40  5,325     6,191
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/22  4,125     4,116
3 Pittsburg Successor Agency Redevelopment Agency Tax Allocation Revenue (Los Medanos Community Development Project) 0.000%   8/1/24  1,000       951
1 Pittsburg Unified School District GO 4.000%   8/1/46    875       886
1 Pittsburg Unified School District GO 4.000%   8/1/51  1,000     1,013
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/36  1,000       973
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/37  1,250     1,183
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/38  4,100     3,797
  Placentia-Yorba Linda Unified School District GO 0.000%   8/1/39  2,040     1,075
121

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Placentia-Yorba Linda Unified School District GO 3.000%   8/1/39  4,000     3,678
  Pleasant Valley School District/Ventura County GO 4.000%   8/1/46  2,500     2,548
2 Pomona Unified School District GO 3.000%   8/1/48  1,000       859
  Port of Los Angeles Port, Airport & Marina Revenue 4.000%   8/1/39  3,000     3,054
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/45    625       637
1 Porterville CA Water (Water System Financing Project) COP 4.000%  8/15/50  1,000     1,020
  Poway Unified School District GO 0.000%   8/1/33    990       686
  Poway Unified School District GO 0.000%   8/1/33  5,010     3,470
  Poway Unified School District GO 0.000%   8/1/34  8,130     5,405
  Poway Unified School District GO 0.000%   8/1/46 10,000     3,640
  Poway Unified School District GO 0.000%   8/1/51 10,000     2,894
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/28  2,325     2,575
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/29  3,410     3,770
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/30  1,740     1,922
2 Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/33  1,720     1,863
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/38  1,145     1,187
  Poway Unified School District Public Financing Authority Special Tax Revenue 5.000%  9/15/43  2,290     2,366
1 Poway Unified School District Special Tax Revenue 4.000%   9/1/50  2,250     2,281
2,6 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/35  1,155     1,295
2,6 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/36  1,255     1,400
2,6 Rancho Cordova CA Special Tax Revenue 5.000%   9/1/37  2,705     2,997
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/46    585       550
  Rancho Cordova CA Special Tax Revenue 4.000%   9/1/50    500       463
1 Rancho Cucamonga Redevelopment Agency Successor Agency Tax Allocation Revenue (Rancho Redevelopment Project Area) 5.000%   9/1/29  1,800     1,908
  Ravenswood CA City School District GO 4.000%   8/1/46  2,740     2,793
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/29  1,000     1,088
  Redding Joint Powers Financing Authority Electric Power & Light Revenue 5.000%   6/1/31    600       653
4,5 Redwood City Public Facility & Infrastructure Authority Lease (Abatement) Revenue TOB VRDO 0.850%   6/2/22 10,400    10,400
3 Redwood City Redevelopment Agency Successor Agency Tax Allocation Revenue 0.000%  7/15/26  3,445     3,083
  Richmond CA Wastewater Sewer Revenue 4.000%   8/1/36  1,295     1,362
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/30  1,000     1,135
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/32  1,000     1,129
1 Richmond Joint Powers Financing Authority Lease (Abatement) Revenue (Civic Center Project) 5.000%  11/1/33  2,105     2,372
  Riverside CA Sewer Revenue 5.000%   8/1/33  3,660     4,136
  Riverside Community College District GO 3.000%   8/1/34    580       577
  Riverside Community College District GO 3.000%   8/1/37  1,100     1,041
  Riverside Community College District GO 3.000%   8/1/40  3,750     3,426
  Riverside County Infrastructure Financing Authority Lease (Abatement) Revenue 4.000%  11/1/44 10,090    10,318
4,5 Riverside County Public Financing Authority Lease (Abatement) Revenue TOB VRDO 0.850%   6/2/22  7,500     7,500
2 Riverside County Public Financing Authority Tax Allocation Revenue 5.000%  10/1/32    820       915
1 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 4.000%  10/1/37  1,750     1,770
2 Riverside County Redevelopment Successor Agency Tax Allocation Revenue 5.000%  10/1/41  2,000     2,161
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/40  2,320     2,344
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/41  6,710     2,881
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/42  2,975     1,215
  Riverside County Transportation Commission Highway Revenue 0.000%   6/1/43  7,500     2,910
  Riverside County Transportation Commission Highway Revenue 4.000%   6/1/47  5,455     5,409
  Riverside County Transportation Commission Highway Revenue, Prere. 5.750%   6/1/23  2,000     2,083
  Riverside County Transportation Commission Sales Tax Revenue 5.000%   6/1/38  3,500     3,826
  Riverside Unified School District Financing Authority Miscellaneous Revenue, Prere. 5.000%   9/1/22  1,440     1,453
  Riverside Unified School District Financing Authority Miscellaneous Revenue, Prere. 5.000%   9/1/22  1,795     1,812
  Riverside Unified School District Financing Authority Miscellaneous Revenue, Prere. 5.000%   9/1/22  1,880     1,898
  Riverside Unified School District Financing Authority Miscellaneous Revenue, Prere. 5.000%   9/1/22  1,375     1,388
  Riverside Unified School District GO 4.000%   8/1/32  2,250     2,369
  Riverside Unified School District GO 4.000%   8/1/33  1,350     1,419
  Riverside Unified School District GO 3.000%   8/1/36    800       755
  Riverside Unified School District GO 3.000%   8/1/37  1,800     1,691
1 Robla CA School District GO 5.000%   8/1/44  2,170     2,367
  Romoland School District Special Tax Revenue 4.000%   9/1/50  2,365     2,238
  Roseville CA Electric System Intergovernmental Agreement Revenue 4.000%   2/1/37  7,480     7,735
  Roseville CA Special Tax Revenue 5.000%   9/1/37  1,250     1,301
  Roseville CA Special Tax Revenue 4.000%   9/1/45    450       427
  Roseville CA Special Tax Revenue 4.000%   9/1/46    520       489
  Roseville CA Special Tax Revenue 4.000%   9/1/46  2,915     2,746
  Roseville CA Special Tax Revenue 4.000%   9/1/46  1,000       942
  Roseville CA Special Tax Revenue 4.000%   9/1/50  1,000       931
  Roseville CA Special Tax Revenue 4.000%   9/1/51    710       655
  Roseville CA Special Tax Revenue 4.000%   9/1/51  2,750     2,551
122

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Roseville CA Special Tax Revenue 4.000%   9/1/51  1,500     1,392
  Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000%  2/15/28  2,500     2,724
  Ross Valley Public Financing Authority Sewer Revenue 5.000%   1/1/39    500       530
  Ross Valley Public Financing Authority Sewer Revenue 5.000%   1/1/43  1,190     1,258
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/39  1,900     2,012
2 Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%  10/1/44  2,000     2,110
1 Sacramento CA City Unified School District GO 4.000%   8/1/44  2,250     2,291
4,5 Sacramento CA Municipal Utility District Electric Power & Light Revenue TOB VRDO 0.850%   6/2/22  7,500     7,500
  Sacramento CA Special Tax Revenue 4.000%   9/1/50  1,500     1,396
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/36  2,245     2,491
  Sacramento CA Transient Occupancy Tax Hotel Occupancy Tax Revenue 5.000%   6/1/48  9,160    10,029
9 Sacramento City Financing Authority Tax Allocation Revenue 0.000%  12/1/30  3,000     2,259
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/31    500       553
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/33  1,660     1,817
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/34  1,275     1,402
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/34  2,000     2,180
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/35  2,520     2,768
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/35  2,000     2,178
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/38  1,330     1,456
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/41  9,765    10,393
  Sacramento County CA Airport System Port, Airport & Marina Revenue 5.000%   7/1/41  5,420     5,769
  Sacramento County Sanitation Districts Financing Authority Intergovernmental Agreement Revenue 3.000%  12/1/34  7,000     6,920
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%   8/1/32  1,000     1,081
  Sacramento County Sanitation Districts Financing Authority Sewer Revenue 5.000%  12/1/35  4,920     5,192
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/32  1,195     1,204
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/33  1,450     1,461
  Sacramento Municipal Utility District Electric Power & Light Revenue 5.000%  8/15/50  2,000     2,272
  Salinas Union High School District GO 4.000%   8/1/45  4,000     4,096
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/31  1,000     1,132
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/32  1,365     1,542
1 San Bernardino City Unified School District (2019 School Financing Project) COP 5.000%  10/1/34  2,360     2,658
1 San Bernardino City Unified School District GO 0.000%   8/1/35  5,900     3,658
1 San Bernardino City Unified School District GO 0.000%   8/1/36  5,000     2,966
1 San Bernardino City Unified School District GO 4.000%   8/1/42  4,545     4,604
  San Bernardino Community College District GO 0.000%   8/1/44 20,000     8,387
  San Bernardino Community College District GO 0.000%   8/1/48 12,770     4,560
  San Bernardino Community College District GO, Prere. 4.000%  8/16/27    145       158
  San Diego Association of Governments Appropriations Revenue 1.800% 11/15/27  1,250     1,204
  San Diego Association of Governments South Bay Expressway Highway Revenue 5.000%   7/1/42  5,130     5,585
  San Diego CA Unified School District GO 0.000%   7/1/29  8,150     6,583
  San Diego CA Unified School District GO 0.000%   7/1/30  1,500     1,167
  San Diego CA Unified School District GO 0.000%   7/1/31  1,500     1,121
  San Diego CA Unified School District GO 0.000%   7/1/32  1,110       796
  San Diego CA Unified School District GO 0.000%   7/1/34  3,550     2,294
  San Diego CA Unified School District GO 0.000%   7/1/38  4,890     2,681
  San Diego CA Unified School District GO 5.000%   7/1/40  1,540     1,648
  San Diego CA Unified School District GO 5.000%   7/1/41     50        55
  San Diego CA Unified School District GO 0.000%   7/1/49  1,000       328
  San Diego CA Unified School District GO 4.000%   7/1/49  4,560     4,622
  San Diego Community College District GO 0.000%   8/1/36  8,000     5,024
  San Diego Community College District GO 0.000%   8/1/38  3,510     2,038
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/33  1,100     1,219
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/34  1,020     1,125
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/36  1,520     1,673
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/37  1,530     1,701
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/38  1,400     1,554
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/39  1,375     1,523
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/40  2,325     2,572
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/42  5,740     6,185
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/51 10,000    10,991
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 4.000%   7/1/56  9,700     9,872
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/56  5,500     6,022
  San Diego County Regional Airport Authority Port, Airport & Marina Revenue, Prere. 3.500%   7/1/23    125       128
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/35  1,540     1,691
  San Diego County Regional Transportation Commission Sales Tax Revenue 5.000%   4/1/36    210       230
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/47  5,000     5,806
  San Diego Public Facilities Financing Authority Intergovernmental Agreement Revenue 5.000%  5/15/52  2,000     2,311
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/36  5,050     5,544
  San Diego Public Facilities Financing Authority Water Revenue 5.000%   8/1/39    150       164
123

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  San Francisco Bay Area Rapid Transit District GO 4.000%   8/1/45 10,000    10,343
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/35  3,800     3,964
  San Francisco Bay Area Rapid Transit District Sales Tax Revenue 4.000%   7/1/35    250       259
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/30  2,500     2,535
  San Francisco CA City & County (Multiple Capital Improvement Projects) COP 3.000%   4/1/31  2,500     2,517
  San Francisco CA City & County COP 4.000%   4/1/33  5,040     5,154
  San Francisco CA City & County COP 4.000%   4/1/40  3,225     3,330
  San Francisco CA City & County COP 4.000%   4/1/41  2,705     2,777
  San Francisco CA City & County COP 4.000%   4/1/41  3,355     3,460
  San Francisco CA City & County COP 4.000%   4/1/42  2,200     2,255
4 San Francisco CA City & County District No. 2020-1 Special Tax Revenue 4.000%   9/1/51  1,700     1,543
  San Francisco CA City & County GO 4.000%  6/15/34  8,485     8,671
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/30  2,040     2,167
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/31  2,430     2,568
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/31  1,015     1,073
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/35  5,000     5,524
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/36  4,010     4,293
  San Francisco CA Public Utilities Commission Water Revenue 4.000%  11/1/39  8,000     8,225
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/50  1,500     1,717
  San Francisco CA Public Utilities Commission Water Revenue 5.000%  11/1/50  2,500     2,743
  San Francisco CA Public Utilities Commission Water Revenue, Prere. 5.000%  11/1/24     10        11
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/30  1,030     1,116
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/32  1,000     1,080
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/33  3,145     3,531
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/46 31,755    33,852
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/47    245       265
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/48  4,700     5,109
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/49  6,605     7,260
  San Francisco City & County Airport Commission-San Francisco International Airport Port, Airport & Marina Revenue 5.000%   5/1/52  6,495     7,353
  San Francisco City & County Public Utilities Commission Power & Water Revenue 5.000%  11/1/32  1,305     1,403
  San Francisco City & County Public Utilities Commission Power & Water Revenue 5.000%  11/1/33  1,370     1,472
  San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue 4.000%  11/1/41  1,290     1,349
  San Francisco City & County Public Utilities Commission Power Electric Power & Light Revenue 4.000%  11/1/46  2,195     2,248
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/34  3,030     3,402
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/36  7,000     7,845
  San Francisco City & County Public Utilities Commission Wastewater Sewer Revenue 5.000%  10/1/37  2,080     2,330
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/28    985     1,088
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/30  1,200     1,320
9 San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/41    950     1,024
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/37    850       924
9 San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay North Redevelopment Project) 5.000%   8/1/41  1,280     1,379
  San Francisco City & County Redevelopment Agency Successor Agency Tax Allocation Revenue (Mission Bay South Redevelopment Project) 5.000%   8/1/43  3,500     3,684
  San Francisco Community College District GO 4.000%  6/15/45  2,300     2,324
  San Francisco Municipal Transportation Agency Transit Revenue 4.000%   3/1/51  3,000     3,046
  San Francisco Unified School District GO 4.000%  6/15/33  3,155     3,342
  San Francisco Unified School District GO 4.000%  6/15/34  2,500     2,637
  San Francisco Unified School District GO 4.000%  6/15/35  2,000     2,102
  San Francisco Unified School District GO 3.000%  6/15/39  4,075     3,841
  San Francisco Unified School District GO 3.000%  6/15/40  4,525     4,170
  San Francisco Unified School District GO 5.000%  6/15/40  3,380     3,865
1 San Jacinto Unified School District COP 5.000%   9/1/40  1,075     1,228
  San Joaquin County Transportation Authority Measure K Sales Tax Revenue 5.000%   3/1/37  7,000     7,671
9 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/24  6,000     5,808
9 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/25  6,515     6,042
9 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/32    225       154
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/34  1,000     1,026
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/43    550       553
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.250%  1/15/44  2,270     2,358
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 4.000%  1/15/45    400       400
  San Joaquin Hills Transportation Corridor Agency Highway Revenue 5.250%  1/15/49  8,000     8,293
  San Jose CA GO 5.000%   9/1/49  5,400     6,070
  San Jose Evergreen Community College District GO 3.000%   9/1/34  1,300     1,293
  San Jose Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   8/1/35  4,100     4,534
  San Juan Unified School District GO 2.375%   8/1/41     15        12
2 San Leandro Unified School District GO 4.000%   8/1/35    450       463
2 San Leandro Unified School District GO 4.000%   8/1/37    850       869
124

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 San Leandro Unified School District GO 3.000%   8/1/43    500       443
  San Lorenzo Unified School District GO 4.000%   8/1/47  2,000     2,034
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/46    995       936
  San Luis Obispo CA Community Facilities District No. 2019-1 Special Tax Revenue 4.000%   9/1/51  1,200     1,108
  San Luis Obispo County Community College District GO 5.000%   8/1/32  1,395     1,506
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/29    760       849
1 San Marcos Schools Financing Authority Lease (Abatement) Revenue 5.000%  8/15/34  1,155     1,274
  San Marcos Unified School District GO 0.000%   8/1/32  2,600     1,873
  San Marcos Unified School District GO 4.000%   8/1/33  3,520     3,678
  San Marcos Unified School District GO 5.000%   8/1/35  5,000     5,529
  San Marcos Unified School District GO 5.000%   8/1/36  2,000     2,208
5 San Mateo County Transit District Sales Tax Revenue VRDO 0.520%   6/1/22  4,515     4,515
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  7/15/34    145       151
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue 4.000%  7/15/35  2,125     2,201
  San Mateo Joint Powers Financing Authority Lease (Abatement) Revenue (Capital Projects) 4.000%  7/15/52  8,955     9,078
10 San Mateo Union High School District GO, 6.875% coupon rate effective 9/1/34 0.000%   9/1/46  3,280     2,482
1 San Pablo Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  6/15/29  1,780     1,877
  San Rafael City Elementary School District GO 4.500%   8/1/42  2,645     2,801
  San Rafael City Elementary School District GO 5.000%   8/1/43  2,550     2,791
  San Rafael City Elementary School District GO 4.000%   8/1/47  1,350     1,372
3 San Ramon Public Financing Authority Tax Allocation Revenue 0.000%   2/1/33  2,000     1,350
  San Ramon Valley Fire Protection District COP 4.000%   8/1/45  2,500     2,567
  San Ramon Valley Fire Protection District COP 4.000%   8/1/50  4,140     4,200
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/34    825       964
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/35    855       997
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/36  1,375     1,600
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/37  1,165     1,352
1 Sanger Unified School District (Capital Projects) COP 5.000%   6/1/41  5,000     5,755
2 Sanger Unified School District GO 4.000%   8/1/55  2,150     2,200
  Santa Ana College Improvement District #1 Rancho Santiago Community College District GO 4.000%   8/1/41  2,000     2,056
9 Santa Ana Unified School District GO 0.000%   8/1/32  3,680     2,578
1 Santa Ana Unified School District GO 2.000%   8/1/46  5,755     3,957
  Santa Barbara Secondary High School District GO 0.000%   8/1/40  2,050     1,003
  Santa Barbara Unified School District GO 4.000%   8/1/31    985     1,043
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.000%   5/1/38  2,765     2,615
  Santa Clara County Financing Authority Lease (Abatement) Revenue 4.000%   4/1/43  6,355     6,534
  Santa Clara County Financing Authority Lease (Abatement) Revenue 3.125%   5/1/47  4,165     3,722
5 Santa Clara County Financing Authority Lease (Abatement) Revenue (Multiple Facilities Projects) VRDO 0.730%   6/1/22  7,945     7,945
  Santa Clara Unified School District GO 3.000%   7/1/31  1,395     1,403
  Santa Clara Unified School District GO 3.000%   7/1/31  4,460     4,484
  Santa Clara Unified School District GO 3.000%   7/1/32  1,490     1,490
  Santa Clara Unified School District GO 3.000%   7/1/34  1,705     1,694
  Santa Clara Unified School District GO 3.000%   7/1/37  2,955     2,854
  Santa Clarita Community College District GO 3.000%   8/1/36    750       734
  Santa Clarita Community College District GO 3.000%   8/1/41    950       870
  Santa Clarita Public Finance Authority Lease (Abatement) Revenue 4.000%   6/1/46  2,825     2,872
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 4.000%   6/1/35    495       527
  Santa Margarita-Dana Point Authority Intergovernmental Agreement Revenue 3.000%   6/1/37    850       805
  Santa Monica Community College District GO 4.000%   8/1/35  1,050     1,104
  Santa Monica Community College District GO 4.000%   8/1/36  1,250     1,306
  Santa Monica Community College District GO 4.000%   8/1/47  5,000     5,081
  Santa Monica Public Financing Authority Lease Revenue (City Yards Project) 2.125%   7/1/46  5,500     4,059
  Santa Monica Public Financing Authority Lease Revenue (City Yards Project) 2.250%   7/1/51  6,500     4,728
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/37  2,920     3,067
  Santa Monica-Malibu Unified School District GO 4.000%   7/1/38    400       413
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/38  4,545     4,751
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/39  6,270     6,544
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/40  6,870     7,139
  Santa Monica-Malibu Unified School District GO 4.000%   8/1/41  3,260     3,383
  Santa Paula CA Special Tax Revenue 4.000%   9/1/47  1,460     1,373
  Santa Paula CA Special Tax Revenue 4.000%   9/1/52  3,535     3,285
2 Santa Rosa Elementary School District GO 4.000%   8/1/34    455       484
2 Santa Rosa Elementary School District GO 4.000%   8/1/40    700       727
1 Santa Rosa High School District GO 5.000%   8/1/36    550       603
1 Santa Rosa High School District GO 5.000%   8/1/37    470       515
2 Santa Rosa High School District GO 4.000%   8/1/38    500       523
1 Santa Rosa High School District GO 5.000%   8/1/39  1,125     1,229
2 Santa Rosa High School District GO 4.000%   8/1/43  1,000     1,034
1 Santa Rosa High School District GO 5.000%   8/1/43    225       244
125

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
2 Saugus Union School District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/49  2,500     2,539
  Sierra Joint Community College District GO 4.000%   8/1/53  3,350     3,387
1 Simi Valley Unified School District GO 0.000%   8/1/32  1,720     1,225
  Simi Valley Unified School District GO 4.000%   8/1/35  1,245     1,300
  Simi Valley Unified School District GO 5.000%   8/1/44  1,000     1,093
  Simi Valley Unified School District GO 4.000%   8/1/50 10,000    10,113
  Solana Beach School District Special Tax Revenue 5.000%   9/1/32    995     1,004
  Solana Beach School District Special Tax Revenue 5.000%   9/1/35  2,495     2,516
  Sonoma Valley Unified School District GO 4.000%   8/1/40  1,000     1,034
  Sonoma Valley Unified School District GO 4.000%   8/1/44  1,060     1,087
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/42     40        47
1 South Bayside Waste Management Authority Resource Recovery Revenue 5.000%   9/1/42  1,260     1,414
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   2/1/34    200       212
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   2/1/35    200       211
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   2/1/36    350       367
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 4.000%   2/1/37    250       262
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 3.000%   2/1/38  1,080     1,002
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 3.000%   2/1/39  1,110     1,022
  South Coast Water District Financing Authority Intergovernmental Agreement Revenue 3.000%   2/1/40  1,105     1,011
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/38  1,320     1,387
  Southern California Public Power Authority Electric Power & Light Revenue (Tieton Hydropower Project) 4.000%   7/1/40    625       652
  Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-1) 5.000%   7/1/36  1,120     1,295
5 Southern California Public Power Authority Natural Gas Revenue (Magnolia Power Project A-20) VRDO 0.620%   6/1/22  1,660     1,660
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/28  3,600     3,931
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/33  4,245     4,758
  Southern California Tobacco Securitization Authority Tobacco Settlement Funded Revenue 5.000%   6/1/48 15,240    15,888
  Southern California Water Replenishment District Lease (Non-Terminable) Revenue 5.000%   8/1/41  8,260     8,837
  Southwestern Community College District GO 4.000%   8/1/34    375       393
  Southwestern Community College District GO 3.000%   8/1/39    900       828
  Southwestern Community College District GO 3.000%   8/1/40  1,250     1,138
  Southwestern Community College District GO 4.000%   8/1/47  7,940     8,049
  State Center Community College District GO 3.000%   8/1/40  4,660     4,257
  State Center Community College District GO 4.000%   8/1/42  2,315     2,377
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/31  1,550     1,768
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 5.000%  10/1/36  2,000     2,250
2 Stockton Public Financing Authority Intergovernmental Agreement Revenue 4.000%  10/1/37  1,015     1,038
2 Stockton Public Financing Authority Sewer Revenue 5.000%   9/1/29  1,000     1,062
  Stockton Public Financing Authority Water Revenue (Delta Water Supply Project), Prere. 6.250%  10/1/23  2,160     2,290
1 Stockton Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/37  4,220     4,597
1 Stockton Unified School District GO 4.000%   8/1/34  1,300     1,403
1 Stockton Unified School District GO 4.000%   8/1/35  1,000     1,073
1 Stockton Unified School District GO 4.000%   8/1/36  1,000     1,064
1 Stockton Unified School District GO 4.000%   8/1/38  1,625     1,717
1 Stockton Unified School District GO 4.000%   8/1/39  1,000     1,054
1 Stockton Unified School District GO 4.000%   8/1/40  1,035     1,085
1 Stockton Unified School District GO 4.000%   8/1/45  5,000     5,149
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/31  1,225     1,299
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/32  1,250     1,325
2 Suisun City Redevelopment Agency Tax Allocation Revenue (Redevelopment Project) 5.000%  10/1/33  1,280     1,357
  Sunnyvale CA School District GO 4.000%   9/1/35    140       150
  Sunnyvale CA School District GO 4.000%   9/1/36    250       267
  Sunnyvale CA School District GO 4.000%   9/1/37    270       287
  Sunnyvale CA School District GO 4.000%   9/1/38    500       528
  Sunnyvale CA School District GO 4.000%   9/1/40    700       730
  Sunnyvale CA School District GO 4.000%   9/1/42    700       728
  Sunnyvale CA School District GO 4.000%   9/1/44    600       620
  Sunnyvale CA School District GO 4.000%   9/1/50  3,500     3,552
  Sunnyvale Financing Authority Lease (Abatement) Revenue (Civic Center Project) 4.000%   4/1/50  4,425     4,487
2 Sweetwater Union High School District GO 5.000%   8/1/29  4,200     4,445
  Sweetwater Union High School District GO 5.000%   8/1/33    165       179
  Sweetwater Union High School District GO 5.000%   8/1/34    900       974
  Tahoe-Truckee Unified School District GO 5.000%   8/1/39  2,645     2,890
1 Temecula Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000% 12/15/38  3,115     3,440
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/48    180       184
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/45  2,285     2,174
  Tracy CA Community Facilities District Special Tax Revenue 4.000%   9/1/50  3,000     2,802
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/36    800       908
  Transbay Joint Powers Authority Tax Allocation Revenue 5.000%  10/1/45  2,000     2,202
  Transbay Joint Powers Authority Tax Allocation Revenue 2.400%  10/1/49    470       433
126

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
1 Tulare CA Sewer Revenue 5.000% 11/15/45  1,000     1,073
  Tulare County Transportation Authority Sales Tax Revenue 4.000%   2/1/34  1,540     1,565
2 Tulare Local Health Care District GO 4.000%   8/1/35  1,825     1,893
2 Tulare Local Health Care District GO 4.000%   8/1/39  3,275     3,363
9 Tulare Union High School District GO 0.000%   8/1/27    515       443
9 Tulare Union High School District GO 0.000%   8/1/28  1,250     1,035
  Turlock Irrigation District Electric Power & Light Revenue 5.000%   1/1/46  1,765     1,904
  Tustin Community Facilities District Special Tax Revenue 5.000%   9/1/37  1,000     1,053
  Tustin Unified School District Special Tax Revenue 5.000%   9/1/31  3,000     3,185
13 Ukiah CA Unified School District GO 0.000%   8/1/32  6,445     4,610
  Ukiah Public Financing Authority Lease (Abatement) Revenue (Capital Projects) 4.000%   4/1/35  1,015     1,055
  Ukiah Public Financing Authority Lease (Abatement) Revenue (Capital Projects) 4.000%   4/1/36    525       543
  Ukiah Public Financing Authority Lease (Abatement) Revenue (Capital Projects) 4.000%   4/1/37    545       563
  Ukiah Public Financing Authority Lease (Abatement) Revenue (Capital Projects) 4.000%   4/1/38  1,140     1,178
  Ukiah Public Financing Authority Lease (Abatement) Revenue (Capital Projects) 4.000%   4/1/42  3,290     3,366
  Union Sanitary District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/36    380       408
  Union Sanitary District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/38    525       556
  Union Sanitary District Financing Authority Intergovernmental Agreement Revenue 4.000%   9/1/40    500       523
  United Water Conservation District COP 4.000%  10/1/45  1,635     1,680
  United Water Conservation District COP 4.000%  10/1/50  2,155     2,185
  University of California College & University Revenue 5.000%  5/15/31  2,130     2,342
  University of California College & University Revenue 5.000%  5/15/32  3,500     4,237
  University of California College & University Revenue 5.000%  5/15/33  1,000     1,111
  University of California College & University Revenue 4.000%  5/15/34  7,000     7,333
  University of California College & University Revenue 4.000%  5/15/34  4,900     5,037
  University of California College & University Revenue 5.000%  5/15/34  4,820     5,446
  University of California College & University Revenue 4.000%  5/15/35  5,000     5,221
  University of California College & University Revenue 5.000%  5/15/35  7,475     8,427
  University of California College & University Revenue 5.000%  5/15/35  7,500     8,989
  University of California College & University Revenue 5.000%  5/15/36  2,000     2,390
  University of California College & University Revenue 5.000%  5/15/37  3,535     3,901
  University of California College & University Revenue 5.000%  5/15/37    325       355
  University of California College & University Revenue 5.000%  5/15/37  1,750     2,084
  University of California College & University Revenue 4.000%  5/15/38 10,005    10,589
  University of California College & University Revenue 5.000%  5/15/38  1,750     2,077
  University of California College & University Revenue 5.000%  5/15/39  1,000     1,182
  University of California College & University Revenue 4.000%  5/15/40  5,000     5,241
  University of California College & University Revenue 5.000%  5/15/40  5,495     5,860
  University of California College & University Revenue 5.000%  5/15/40    300       320
  University of California College & University Revenue 5.000%  5/15/40  1,000     1,180
  University of California College & University Revenue 5.000%  5/15/41 10,915    11,833
  University of California College & University Revenue 5.000%  5/15/41  1,000     1,178
  University of California College & University Revenue 5.000%  5/15/42  2,610     2,855
  University of California College & University Revenue 5.000%  5/15/42  3,000     3,527
  University of California College & University Revenue 5.000%  5/15/43  4,100     4,556
  University of California College & University Revenue 5.000%  5/15/43    185       205
  University of California College & University Revenue 5.000%  5/15/46    835       900
  University of California College & University Revenue 5.000%  5/15/46 18,235    20,939
  University of California College & University Revenue 5.000%  5/15/47 15,325    16,649
  University of California College & University Revenue 5.000%  5/15/47  9,040     9,838
  University of California College & University Revenue 5.000%  5/15/48 11,775    12,979
  University of California College & University Revenue 4.000%  5/15/50  3,500     3,601
  University of California College & University Revenue 4.000%  5/15/51  8,000     8,247
  University of California College & University Revenue 4.000%  5/15/51  9,000     9,250
  University of California College & University Revenue 5.000%  5/15/52  8,000     8,648
  University of California College & University Revenue 5.000%  5/15/58    800       877
4,5 University of California College & University Revenue TOB VRDO 0.820%   6/2/22  2,230     2,230
4,5 University of California College & University Revenue TOB VRDO 0.820%   6/2/22  2,250     2,250
4,5 University of California College & University Revenue TOB VRDO 0.820%   6/2/22  2,840     2,840
  University of California College & University Revenue VRDO 0.500%   6/1/22 29,200    29,200
  University of California College & University Revenue VRDO 0.500%   6/1/22  5,890     5,890
  University of California College & University Revenue VRDO 0.520%   6/1/22  2,000     2,000
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/35  1,895     2,045
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/39  1,000     1,163
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/40  3,000     3,485
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/41 10,715    11,512
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/41  4,000     4,642
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/42  1,550     1,796
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 5.000%  5/15/47 15,690    17,803
127

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 4.000%  5/15/53  7,355     7,521
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 3.500%  5/15/54  4,000     3,746
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue VRDO 0.520%   6/1/22  5,400     5,400
  Upland CA COP 4.000%   1/1/42  5,635     5,628
  Upland CA COP 5.000%   1/1/47  5,060     5,323
  Vacaville Unified School District GO 4.000%   8/1/38    500       516
  Vacaville Unified School District GO 4.000%   8/1/42  1,000     1,018
1 Val Verde Unified School District COP 5.000%   3/1/32    750       843
1 Val Verde Unified School District COP 5.000%   3/1/33  1,000     1,123
1 Val Verde Unified School District COP 5.000%   3/1/35  2,445     2,732
2 Val Verde Unified School District GO 4.000%   8/1/46  1,700     1,723
1 Val Verde Unified School District GO 3.000%   8/1/47  2,310     1,964
  Vallecitos Water District COP 2.250%   8/1/46  2,140     1,543
  Vallecitos Water District Water Revenue 5.000%   7/1/33  1,110     1,197
  Vallecitos Water District Water Revenue 5.000%   7/1/35    750       807
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/32    865       951
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   8/1/36    750       815
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/33    500       557
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/34    605       669
  Victorville CA Electric Power & Light Revenue 5.000%   5/1/39  1,110     1,216
1 Vista Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%   9/1/28  1,970     2,133
9 Vista Unified School District GO 0.000%   8/1/28  7,425     6,200
  Walnut Energy Center Authority Electric Power & Light Revenue 5.000%   1/1/34  3,100     3,278
  Walnut Valley Unified School District GO 0.000%   8/1/36  1,000       590
  Washington Township Health Care District GO 3.250%   8/1/32    385       385
  Washington Township Health Care District GO 5.500%   8/1/40  5,205     5,483
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/22    875       878
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/24    835       877
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/26  1,065     1,159
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/28  1,230     1,361
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/31    500       554
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/33  1,080     1,098
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  1,080     1,151
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/34  1,770     1,565
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/35  2,220     2,221
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/36    500       550
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.000%   7/1/38  1,000       850
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/48    750       742
9 West Contra Costa Unified School District GO 0.000%   8/1/32  7,650     5,401
1 West Contra Costa Unified School District GO 3.000%   8/1/35    850       839
1 West Contra Costa Unified School District GO 3.000%   8/1/36  1,000       973
1 West Contra Costa Unified School District GO 3.000%   8/1/37    700       663
  West Contra Costa Unified School District GO 5.000%   8/1/40  3,050     3,269
1 West Contra Costa Unified School District GO 4.000%   8/1/49  2,000     2,028
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/36    535       569
  West County Facilities Financing Authority Intergovernmental Agreement Revenue 4.000%   6/1/39  1,435     1,512
1 West Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%   9/1/40  2,050     2,201
1 West Sacramento Area Flood Control Agency Special Assesment Revenue 5.000%   9/1/45  2,715     2,902
  West Sonoma County Union High School District GO 5.000%   8/1/43    780       869
  West Sonoma County Union High School District GO 5.000%   8/1/46  1,000     1,107
  West Sonoma County Union High School District GO 5.000%   8/1/49  2,000     2,209
  West Valley-Mission Community College District GO 4.000%   8/1/33  1,400     1,503
1 Western Placer Unified School District COP 4.000%   8/1/41  2,150     2,177
2 Western Placer Unified School District GO 5.000%   8/1/42  6,350     6,944
1 Western Riverside Water & Wastewater Financing Authority Special Tax Revenue 4.000%   9/1/43  1,120     1,142
2 Westminster Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  11/1/28    720       799
2 Westminster Redevelopment Agency Successor Agency Tax Allocation Revenue 5.000%  11/1/29  1,000     1,108
  Whittier CA Health, Hospital, Nursing Home Revenue 5.000%   6/1/44  6,250     6,430
                             4,664,244
Guam (0.1%)
  Guam Income Tax Revenue 5.000%  12/1/31  1,000     1,077
  Guam Miscellaneous Taxes Revenue 4.000%   1/1/42    670       608
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/24  1,000     1,051
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/36    650       687
                                 3,423
Puerto Rico (0.3%)
  Commonwealth of Puerto Rico GO 5.750%   7/1/31    806       911
  Commonwealth of Puerto Rico GO 4.000%   7/1/33    136       133
128

 

California Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Commonwealth of Puerto Rico GO 4.000%   7/1/35    595       574
  Commonwealth of Puerto Rico GO 4.000%   7/1/46    174       162
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/24    825       768
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/27  2,332     1,941
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/29  3,299     2,511
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/31  1,000       686
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40  3,950     3,945
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40  2,083     2,080
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 5.000%   7/1/58  3,674     3,736
                                17,447
Total Tax-Exempt Municipal Bonds (Cost $4,846,909) 4,685,114
Total Investments (99.9%) (Cost $4,846,909) 4,685,114
Other Assets and Liabilities—Net (0.1%) 2,418
Net Assets (100%) 4,687,532
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by Assured Guaranty Municipal Corp.
2 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
3 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
4 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, 2022, the aggregate value was $222,597,000, representing 4.7% of net assets.
5 Scheduled principal and interest payments are guaranteed by bank letter of credit.
6 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2022.
7 Securities with a value of $2,660,000 have been segregated as initial margin for open futures contracts.
8 The 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.
9 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
10 Step bond.
11 Variable-rate security; rate shown is effective rate at period end. Certain variable-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.
12 Scheduled principal and interest payments are guaranteed by Assured Guaranty Corp.
13 Scheduled principal and interest payments are guaranteed by XL Capital Assurance Inc.
  3M—3-month.
  COP—Certificate of Participation.
  ETM—Escrowed to Maturity.
  GO—General Obligation Bond.
  LIBOR—London Interbank Offered Rate.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  TOB—Tender Option Bond.
  USD—U.S. dollar.
  VRDO—Variable Rate Demand Obligation.
  VRDP—Variable Rate Demand Preferred.
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
 
Short Futures Contracts        
5-Year U.S. Treasury Note September 2022 (2) (226) 1
Long U.S. Treasury Bond September 2022 (103) (14,362) 197
Ultra 10-Year U.S. Treasury Note September 2022 (318) (40,858) 313
Ultra Long U.S. Treasury Bond September 2022 (47) (7,320) 161
        672
  
See accompanying Notes, which are an integral part of the Financial Statements.
129

 

California Long-Term Tax-Exempt Fund
Statement of Assets and Liabilities
As of May 31, 2022
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $4,846,909) 4,685,114
Investment in Vanguard 170
Receivables for Investment Securities Sold 6,852
Receivables for Accrued Income 44,216
Receivables for Capital Shares Issued 19,197
Variation Margin Receivable—Futures Contracts 687
Other Assets 110
Total Assets 4,756,346
Liabilities  
Payables for Investment Securities Purchased 58,282
Payables for Capital Shares Redeemed 7,190
Payables for Distributions 3,146
Payables to Vanguard 196
Total Liabilities 68,814
Net Assets 4,687,532
At May 31, 2022, net assets consisted of:  
   
Paid-in Capital 4,872,061
Total Distributable Earnings (Loss) (184,529)
Net Assets 4,687,532
 
Investor Shares—Net Assets  
Applicable to 45,732,369 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		523,448
Net Asset Value Per Share—Investor Shares $11.45
 
Admiral Shares—Net Assets  
Applicable to 363,805,624 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		4,164,084
Net Asset Value Per Share—Admiral Shares $11.45
  
See accompanying Notes, which are an integral part of the Financial Statements.
130

 

California Long-Term Tax-Exempt Fund
Statement of Operations
  Six Months Ended
May 31, 2022
  ($000)
Investment Income  
Income  
Interest 67,398
Total Income 67,398
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 165
Management and Administrative—
Investor Shares 		443
Management and Administrative—
Admiral Shares 		1,802
Marketing and Distribution—
Investor Shares 		34
Marketing and Distribution—
Admiral Shares 		112
Custodian Fees 13
Shareholders’ Reports—Investor Shares 8
Shareholders’ Reports—Admiral Shares 14
Trustees’ Fees and Expenses 1
Other Expenses 8
Total Expenses 2,600
Net Investment Income 64,798
Realized Net Gain (Loss)  
Investment Securities Sold (23,950)
Futures Contracts 5,849
Realized Net Gain (Loss) (18,101)
Change in Unrealized Appreciation (Depreciation)  
Investment Securities (530,949)
Futures Contracts 733
Change in Unrealized Appreciation (Depreciation) (530,216)
Net Increase (Decrease) in Net Assets Resulting from Operations (483,519)
  
Statement of Changes in Net Assets
  Six Months Ended
May 31,
2022 		  Year Ended
November 30,
2021
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 64,798   136,227
Realized Net Gain (Loss) (18,101)   38,539
Change in Unrealized Appreciation (Depreciation) (530,216)   (45,782)
Net Increase (Decrease) in Net Assets Resulting from Operations (483,519)   128,984
Distributions      
Investor Shares (11,235)   (20,096)
Admiral Shares (89,094)   (152,012)
Total Distributions (100,329)   (172,108)
Capital Share Transactions      
Investor Shares (73,676)   10,027
Admiral Shares (452,198)   312,616
Net Increase (Decrease) from Capital Share Transactions (525,874)   322,643
Total Increase (Decrease) (1,109,722)   279,519
Net Assets      
Beginning of Period 5,797,254   5,517,735
End of Period 4,687,532   5,797,254
  
 
See accompanying Notes, which are an integral part of the Financial Statements.
131

 

California Long-Term Tax-Exempt Fund
Financial Highlights
Investor Shares            
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2022 		Year Ended November 30,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $12.76 $12.86 $12.53 $11.79 $12.10 $11.66
Investment Operations            
Net Investment Income1 .144 .297 .335 .371 .394 .396
Net Realized and Unrealized Gain (Loss) on Investments (1.231) (.017) .327 .741 (.309) .438
Total from Investment Operations (1.087) .280 .662 1.112 .085 .834
Distributions            
Dividends from Net Investment Income (.144) (.297) (.332) (.372) (.395) (.394)
Distributions from Realized Capital Gains (.079) (.083) — — — —
Total Distributions (.223) (.380) (.332) (.372) (.395) (.394)
Net Asset Value, End of Period $11.45 $12.76 $12.86 $12.53 $11.79 $12.10
Total Return2 -8.61% 2.22% 5.36% 9.54% 0.71% 7.22%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $523 $663 $659 $640 $479 $486
Ratio of Total Expenses to Average Net Assets 0.17% 0.17% 0.17% 0.17% 0.17% 0.19%
Ratio of Net Investment Income to Average Net Assets 2.40% 2.32% 2.66% 3.02% 3.31% 3.29%
Portfolio Turnover Rate 37% 42% 27% 11% 15% 16%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total 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.
  
Admiral Shares            
For a Share Outstanding
Throughout Each Period  		Six Months
Ended
May 31,
2022 		Year Ended November 30,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $12.76 $12.86 $12.53 $11.79 $12.10 $11.66
Investment Operations            
Net Investment Income1 .149 .307 .345 .381 .404 .408
Net Realized and Unrealized Gain (Loss) on Investments (1.231) (.017) .327 .741 (.310) .438
Total from Investment Operations (1.082) .290 .672 1.122 .094 .846
Distributions            
Dividends from Net Investment Income (.149) (.307) (.342) (.382) (.404) (.406)
Distributions from Realized Capital Gains (.079) (.083) — — — —
Total Distributions (.228) (.390) (.342) (.382) (.404) (.406)
Net Asset Value, End of Period $11.45 $12.76 $12.86 $12.53 $11.79 $12.10
Total Return2 -8.57% 2.30% 5.44% 9.63% 0.80% 7.33%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $4,164 $5,134 $4,859 $4,371 $3,506 $3,419
Ratio of Total Expenses to Average Net Assets 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
Ratio of Net Investment Income to Average Net Assets 2.48% 2.40% 2.73% 3.10% 3.39% 3.39%
Portfolio Turnover Rate 37% 42% 27% 11% 15% 16%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total 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.
132

 

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. Many municipalities insure repayment of their bonds. The insurance does not guarantee the market value of the municipal bonds. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and 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 securities 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 Statement of Assets and Liabilities. 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, 2022, the fund’s average investments in long and short futures contracts represented 1% and 1% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for 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 $4.4 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 and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the
133

 

California Long-Term Tax-Exempt Fund
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, which 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 an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate 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, 2022, 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.
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, 2022, the fund had contributed to Vanguard capital in the amount of $170,000, representing less than 0.01% of the fund’s net assets and 0.07% 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 and derivatives. 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 and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
134

 

California Long-Term Tax-Exempt Fund
The following table summarizes the market value of the fund’s investments and derivatives as of May 31, 2022, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments         
Assets        
Tax-Exempt Municipal Bonds — 4,685,114 — 4,685,114
Derivative Financial Instruments         
Assets        
Futures Contracts1 672 — — 672
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities.
D. As of May 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
  Amount
($000)
Tax Cost 4,856,276
Gross Unrealized Appreciation 55,827
Gross Unrealized Depreciation (226,317)
Net Unrealized Appreciation (Depreciation) (170,490)
E. During the six months ended May 31, 2022, the fund purchased $1,945,381,000 of investment securities and sold $2,649,749,000 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, 2022, such purchases were $672,854,000 and sales were $370,425,000, resulting in net realized gain (loss) of $0; 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
May 31, 2022 		  Year Ended
November 30, 2021
  Amount
($000) 		Shares
(000) 		  Amount
($000) 		Shares
(000)
Investor Shares          
Issued 56,639 4,701   203,347 15,885
Issued in Lieu of Cash Distributions 9,540 782   17,614 1,378
Redeemed (139,855) (11,742)   (210,934) (16,511)
Net Increase (Decrease)—Investor Shares (73,676) (6,259)   10,027 752
Admiral Shares          
Issued 484,687 41,151   903,586 70,652
Issued in Lieu of Cash Distributions 60,703 4,974   103,980 8,139
Redeemed (997,588) (84,612)   (694,950) (54,426)
Net Increase (Decrease)—Admiral Shares (452,198) (38,487)   312,616 24,365
G. Management has determined that no events or transactions occurred subsequent to May 31, 2022, that would require recognition or disclosure in these financial statements.
135

 

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 decisions 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 periodic reports throughout the year, which included information about each fund’s performance relative to its peers and benchmark, as applicable, and updates, as needed, on the Portfolio Review Department’s ongoing assessment of the advisor.
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 decisions.
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 below the average expense ratio charged by funds in its peer group and that each fund’s advisory expenses were also below the peer-group average.
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.
136

 

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 January 1, 2021, through December 31, 2021 (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.
137

 

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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.
© 2022 The Vanguard Group, Inc.
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Q752 072022

 

 

 

Item 2: Code of Ethics.

 

Not applicable.

 

Item 3: Audit Committee Financial Expert.

 

Not applicable.

 

Item 4: Principal Accountant Fees and Services.

 

Not applicable.

 

Item 5: Audit Committee of Listed Registrants.

 

Not applicable.

 

 

 

 

Item 6: Investments.

 

Not applicable. The complete schedule of investments is included as part of the report to shareholders filed under Item 1 of this Form.

 

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 the 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)(1)  Not applicable.
(a)(2)  Certifications filed herewith.
(b)  Certifications filed herewith.

 

 

 

 

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 25, 2022

 

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 25, 2022

 

  VANGUARD CALIFORNIA TAX-FREE FUNDS  
       
BY: /s/ CHRISTINE BUCHANAN*    
       
         CHRISTINE BUCHANAN    
  CHIEF FINANCIAL OFFICER    

 

Date: July 25, 2022

 

* By: /s/ Anne E. Robinson

 

Anne E. Robinson, pursuant to a Power of Attorney filed on November 29, 2021 (see File Number 33-64845), a Power of Attorney filed on October 12, 2021 (see File Number 33-23444), and a Power of Attorney filed on August 26, 2021 (see file Number 811-02652), Incorporated by Reference.

 

 

 

 EX-99.CERT 2 tm2220095d5_ex99-cert.htm EXHIBIT 99.CERT

Exhibit 99.CERT

 

CERTIFICATIONS

 

I, Mortimer J. Buckley, certify that:

 

1. I have reviewed this report on Form N-CSR of Vanguard California Tax-Free Funds;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: July 25, 2022

 

  /s/ Mortimer J. Buckley
  Mortimer J. Buckley
  Chief Executive Officer

 

 

 

 

CERTIFICATIONS

 

I, Christine Buchanan, certify that:

 

1. I have reviewed this report on Form N-CSR of Vanguard California Tax-Free Funds;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: July 25, 2022

 

  /s/ Christine Buchanan
  Christine Buchanan
  Chief Financial Officer

 

 

 

 EX-99.906CERT 3 tm2220095d5_ex99-906cert.htm EXHIBIT 99.906CERT

Exhibit 99.906CERT

 

Certification Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

 

Name of Issuer: Vanguard California Tax-Free Funds

 

In connection with the Report on Form N-CSR of the above-named issuer that is accompanied by this certification, the undersigned hereby certifies, to his knowledge, that:

 

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the issuer.

 

Date:       July 25, 2022

 

  /s/ Mortimer J. Buckley
  Mortimer J. Buckley
  Chief Executive Officer

 

 

 

 

Certification Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

 

Name of Issuer: Vanguard California Tax-Free Funds

 

In connection with the Report on Form N-CSR of the above-named issuer that is accompanied by this certification, the undersigned hereby certifies, to her knowledge, that:

 

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the issuer.

 

Date:       July 25, 2022

 

  /s/ Christine Buchanan
  Christine Buchanan
  Chief Financial Officer

 

 

 

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