Principal
Amount
Interest
Rate
Maturity
Date
Value
a
Municipal
Bonds
-
98.3%
American
Samoa
-
0.7%
American
Samoa
Economic
Development
Authority
General
RB
Series
2025B
(Ba3/NR)
$
1,185,000
5.250%
(a)
09/01/2045
$
1,197,962
a
a
California
-
85.8%
Airport
Commission
of
The
City
&
County
of
San
Francisco
San
Francisco
International
Airport
Second
Series
Revenue
Refunding
Bonds
Series
2024A
(Aa3/NR)
515,000
5.250
05/01/2044
555,933
Airport
Commission
of
The
City
and
County
of
San
Francisco
International
Airport
Second
Series
Refunding
RB
Series
2020A
(AMT)
(Aa3/AA-)
130,000
5.000
05/01/2037
136,757
Airport
Commission
of
The
City
and
County
of
San
Francisco
International
Airport
Second
Series
Revenue
Refunding
Bonds
Series
2024A
(Aa3/NR)
125,000
5.250
05/01/2040
138,347
Airport
Commission
of
The
City
and
County
of
San
Francisco
San
Francisco
International
Airport
Second
Series
RB
Series
2018D
(AMT)
(Aa3/AA-)
1,000,000
5.000
05/01/2048
1,004,682
Alameda
Corridor
Transportation
Authority
Convertible
Capital
Appreciation
Bonds
Series
2022A
(A3/A-)
1,000,000
0.000
(b)
10/01/2048
591,241
Alvord
Unified
School
District
GO
Bonds
Capital
Appreciation
for
2007
Election
Series
2007
B
(AG)
(A1/AA)
640,000
0.000
(c)
08/01/2036
432,848
Amador
Water
Agency
Revenue
Certificates
of
Participation
Series
2024A
(Aa3/NR)
100,000
5.000
06/01/2026
100,000
Amador
Water
Agency
Water
Revenue
Refunding
Bonds
Series
2026A
(AG)
(A1/AA)
300,000
5.000
12/01/2030
327,824
Antioch
Unified
School
District
Contra
Costa
County
California
GO
Bonds
Election
of
2024
Series
A
(AGC)
(NR/AA)
100,000
5.000
08/01/2041
108,621
Atwater
Wastewater
RB
Refunding
Series
2017
A
(AG)
(NR/AA)
1,000,000
5.000
05/01/2040
1,012,559
Bakersfield
City
School
District
California
GO
Bonds
Election
of
2016
2022
Series
C
(BAM)
(Aa3/AA)
120,000
3.000
11/01/2051
89,308
Bay
Area
Toll
Authority
Bridge
RB
2021
Series
D
(Aa3/AA)
(SIFMA
Municipal
Swap
Index
Yield
+
0.30%)
500,000
1.870
(d)(e)
04/01/2056
498,360
Bay
Area
Toll
Authority
Bridge
RB
2021
Series
E
(Aa3/AA)
(SIFMA
Municipal
Swap
Index
Yield
+
0.41%)
350,000
1.980
(d)(e)
04/01/2056
347,747
Bay
Area
Toll
Authority
San
Francisco
Bay
Area
Subordinate
Toll
Bridge
RB
2019
Series
S-8
(A1/AA-)
100,000
3.000
04/01/2054
72,998
Bay
Area
Toll
Authority
Series
2026
A
(Term
Rate)
(NR/AA)
500,000
5.000
(d)(f)
04/01/2061
567,301
Beaumont
Community
Facilities
District
No.
2016-2
Special
Tax
Series
2019
(NR/NR)
275,000
4.000
09/01/2031
276,558
290,000
4.000
09/01/2032
291,431
300,000
5.000
09/01/2033
306,166
215,000
5.000
09/01/2034
219,233
330,000
5.000
09/01/2035
336,164
Principal
Amount
Interest
Rate
Maturity
Date
Value
a
Municipal
Bonds
–
(continued)
California
–
(continued)
Beaumont
Public
Improvement
Authority
Local
Agency
Revenue
Refunding
Bonds
Series
2025
(AG)
(NR/AA)
$
150,000
5.000%
09/01/2036
$
170,935
Brawley
Elementary
School
District
Imperial
County
California
2025
GO
Bond
Anticipation
Notes
Series
A
(NR/A+)
200,000
0.000
(c)
08/01/2029
181,076
Burbank-Glendale-Pasadena
Airport
Authority
Airport
Senior
RB
2024
Series
B
(AMT)
(A2/A)
625,000
5.250
07/01/2054
648,830
Burbank-Pasadena-Glendale
Airport
Authority
Airport
Senior
RB
2026
Series
B
(AMT)
(AG)
(A1/AA)
1,500,000
5.250
07/01/2046
1,615,489
California
Community
Choice
Financing
Authority
Clean
Energy
Project
RB
Series
2023B
(A1/NR)
120,000
5.000
(d)(f)
07/01/2053
125,410
California
Community
Choice
Financing
Authority
Clean
Energy
Project
RB
Series
2024A
(A1/NR)
1,345,000
5.000
(d)(f)
05/01/2054
1,427,205
California
Community
Choice
Financing
Authority
Clean
Energy
Project
RB
Series
2024D
(Aa1/NR)
300,000
5.000
(d)(f)
02/01/2055
325,004
California
Community
Choice
Financing
Authority
Clean
Energy
Project
RB
Series
2024E
(Green
Bonds)
(A1/NR)
100,000
5.000
(d)(f)
02/01/2055
106,320
California
Community
Choice
Financing
Authority
Clean
Energy
Project
RB
Series
2026A-1
(A1/NR)
430,000
5.000
(d)(f)
04/01/2056
464,688
California
Community
Choice
Financing
Authority
Clean
Energy
Project
RB
Series
2026B
(Green
Bonds)
(Baa1/NR)
500,000
5.000
03/01/2036
525,894
California
Community
Choice
Financing
Authority
Clean
Energy
Project
RB
Term
Rate
Green
Bonds
Series
2024F
(Aa3/NR)
1,050,000
5.000
(d)(f)
02/01/2055
1,118,364
California
Community
Choice
Financing
Authority
Series
2021B-2
(A1/NR)
170,000
2.020
(d)(e)
02/01/2052
162,824
California
County
Tobacco
Securitization
Agency
RB
Refunding
Series
2020
B-1
(NR/BBB+)
305,000
5.000
06/01/2049
305,000
California
Enterprise
Development
Authority
RB
for
Provident
Group-SDSU
Properties
LLC
-
M@College
Project
Series
2020
A
(Baa3/NR)
575,000
5.000
08/01/2040
592,567
California
Enterprise
Development
Authority
RB
Milken
Community
School
Project
Series
2026B
(NR/BBB+)
350,000
5.000
07/01/2036
394,517
California
Enterprise
Development
Authority
Student
Housing
RR
Bonds
for
Provident
Group
-
Pomona
Properties
L.L.C.
Project
Series
2024A
(Baa3/NR)
650,000
5.000
01/15/2039
687,879
California
Health
Facilities
Financing
Authority
Cedars-Sinai
Medical
Center
Refunding
RB
Series
2016B
(Aa3/NR)
960,000
4.000
08/15/2039
959,962
California
Health
Facilities
Financing
Authority
RB
Adventist
Health
System
West
Series
2024A
(NR/BBB+)
520,000
5.000
12/01/2028
544,830
590,000
5.250
12/01/2041
634,678